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Re: [RT] Party of Bloat

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 Where I am is sending mail to the list warning people about responding to Ben's post and mailing them directly as well.  I can't believe that a few people simply ignored my nearly begging them to not post in reply to his mail and did it anyway.  Know this now.  Anyone who posts on any political topic here again or responds to such a post will be removed without further discussion or warning. 

Bob
list moderator


At 09:22 PM 5/9/2005 -0500, you wrote:
"urn:schemas-microsoft-com:vml" xmlns:o = "urn:schemas-microsoft-com:office:office" xmlns:w = "urn:schemas-microsoft-com:office:word" xmlns:st1 = "urn:schemas-microsoft-com:office:smarttags">
AND I THOUGHT THIS LIST WAS ABOUT
"REALTRADERS".
 
POLITICAL DECISIONS MAY EFFECT WHAT
WE DO AS TRADERS BUT DISCUSSION OF
THE TYPES THAT HAVE BEEN OFFERED DO
LITTLE OR NOTHING TO GIVE ME AN IDEA
OF WHAT TO DO NEXT AND REALLY DISGUST
ME THAT WE HAVE TO GET HUNG UP IN
POLITICAL DISCUSSIONS.
 
MODERATOR, WHERE ARE YOU ? ? ? ? ?
----- Original Message -----
From: Norm Winski
To: realtraders@xxxxxxxxxxxxxxx
Sent: Monday, May 09, 2005 8:57 PM
Subject: RE: [RT] Party of Bloat

Howdy Ben,

 

  I don’t dispute any of these contentions about spending. However, ask yourself, given the 2000 bubble top, what was the alternative path?  I think the answer would have been a very severe recession or possibly a depression.  So, the choice was either take all of the pain over a short amount of time or over 20 years as we are doing now.  Given the possibility for a 1929 style crash and depression, I think the latter is the lesser of the two evils. 

 

Regards,

 

Norm

 
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Monday, May 09, 2005 12:55 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Party of Bloat

 

 

Subject: [ntt-list] Party of Bloat

 

Good luck in the market, while the country is being led by the "Party of Bloat."

 

From the Murdoch-owned New York Post:

 

GOP: Party of Bloat

 

May 8, 2005 -- THE Republican promise of smaller, less-intrusive gov ernment is getting harder and harder to believe. Especially when a more plausible plot line is unfolding every day: that the GOP has put aside the ideals of Reagan and Goldwater in order to pursue a political strategy based on big spending.

For the latest, check out a report just released by the libertarian Cato Institute that tells a striking story about just how out-of-control spending has gotten under President Bush.

Cato finds that:

* Bush has presided over the largest increase in federal spending since Lyndon Johnson.

* Even excluding defense and homeland security spending, Bush is the biggest-spending president in 30 years.

* The federal budget grew from 18.5 percent of the Gross Domestic Product on President Bill Clinton's last day in office to 20.3 percent at the end of Bush's first term.

Add to that Bush's massive Medicare prescription-drug benefit, expected to cost $720 billion-plus over the next 10 years. (The money for that new entitlement, the first created by a president in a generation, will start flowing this year.)

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Bush may have cut taxes, but that's not the same thing as shrinking government. And when government expands, as it has under Bush, taxes will eventually have to follow suit.

And Bush's wild spending spree is no anomaly. To Karl Rove's way of thinking, it's the only way for the Republican Party to "seize the mantle of idealism" from the Democrats.

As Rove told a conference of conservative activists in February, he believes the GOP has in the past been too "reactionary." Republicans have to be for things, not against them. They have to have "visionary goals."

This, Rove said, means "reforming" the tax code, health care, pension plans, the legal system, public education and worker training; "building" an Ownership Society of homes and businesses; "preparing" Americans for meeting "the challenges of a free society; "building" a culture of life; "supporting" religious charities, and "fostering" a culture of "service and citizenship."

If this isn't activist government — that thing conservatives used to be against — it's hard to say what would be.

And it costs a lot of money, as Cato makes clear:

* The budget for the Corporation for National and Community Service (which funds Clinton pet project Americorps) rose 76 percent from 1995 to 2005.

* The Trade Adjustment Assistance program, which pays for job training for workers "displaced" by international trade, has almost quadrupled in size since 1995.

* The budget of the Department of Education (not long ago on the GOP's short list for elimination) has grown by 38 percent in just four years under Bush.

Congress is no innocent victim here — it's an accomplice. Under Clinton, the Republican Congress ratcheted down the president's spending proposals year after year, according to the Cato report. But, under a united Republican government, Congress has ratcheted up Bush's spending proposals (larding them with pork) by about $91 billion from 2002-2005.

It's not always easy to see how radically Bush has transformed the GOP — from Reagan's admonition that "government is the problem" to Dubya's own assertion that "when somebody hurts, government has got to move." But it's a real transformation — and an expensive one.

Average Americans will eventually feel it in the taxes that will have to be raised to fund Bush's massive federal expansion.

Republicans who have stuck by the party's leadership mainly because of the War on Terror will begin to feel it in 2006 and 2008, when they realize that Big Government Conservatism is not a strategy or a philosophy — but a sellout.

E-mail: rsager@xxxxxxxxxx



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