THE FOUNDATION
"Beware the greedy hand of government, thrusting itself into every corner and crevice of industry." --Thomas Paine
UPRIGHT
"The stimulus package being discussed is politically smart but economically stupid. It's that bedeviling, omnipresent Santa Claus and Tooth Fairy problem again. ... A far more important measure that Congress can take toward a healthy economy is to ensure that the 2003 tax cuts don't expire in 2010 as scheduled. If not, there are 15 separate taxes scheduled to rise in 2010, costing Americans $200 billion a year in increased taxes. In the face of a recession, we don't need that." --economist Walter E. Williams
"Bashing Rush Limbaugh last week, Obama urged GOP lawmakers to ignore the voices of obstructionism and sign on to his behemoth stimulus package: 'We shouldn't let partisan politics derail what are very important things that need to get done.' ... History has shown us that 'Get Things Done' is mindless liberal code for passing ineffective legislation and expanding government for government's sake." --columnist Michelle Malkin
"More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's 'lost decade' in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today." --two hundred economists in an open letter disseminated by the Cato Institute
"We all know how we got into this economic mess. We spent too much, borrowed with abandon, and acted like the bills would never come due. So what's the prescription for getting out? Spending more, borrowing more, and acting like the bills will never come due." --columnist Steve Chapman
"For those of you not shouting hosannas, it might have occurred to you that we are suffering from a rampant sickness in American life that casts government as the author of your dreams and an Illinois politician as the linchpin of your hopes." --Denver Post columnist David Harsanyi
INSIGHT
"Employment gives health, sobriety and morals. Constant employment and well-paid labor produce general prosperity, content and cheerfulness." --American statesman Daniel Webster (1782-1852)
"Too bad all the people who know how to run the country are busy driving taxis and cutting hair." --comedian George Burns (1898-1996)
EDITORIAL EXEGESIS
"Ah, the dirty little secret is out. That $700 billion TARP (Troubled Asset Relief Program) bill was in part simply a variation on congressional pork -- except this time the recipients were banks with friends in high places. One of those powerful friends was Rep. Barney Frank (D-[MA]), chairman of the House Financial Services Committee. And one of the recipients of a $12 million infusion of federal cash was the troubled OneUnited Bank in Boston -- a bank that had already been accused of 'unsafe and unsound banking practices.' Its CEO, Kevin Cohee had also been criticized by regulators for 'excessive' pay that included a Porsche. Frank admits he included language in the TARP legislation specifically designed to bail out OneUnited. He also acknowledges contacting officials at the Treasury Department about the bank's bailout application. 'I believe it would have been a very big mistake to put the only black bank (in Massachusetts) out of business,' Frank said. Besides, he insists, 'It was a case of the federal government causing the problem.' Causing the bad loans OneUnited made? Or would that go back to Fannie Mae and Freddie Mac, which Frank so staunchly defended earlier on? Frank has never failed to amaze us with his ability to defend the indefensible and to staunchly uphold the double standard. It's his special talent." --Boston Herald
The Patriot Post.com
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