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Sigh! George Bush “Redistributes” an Additional $24,000 From Every American As A Parting Gift…

By PUMA Pundit on November 24, 2008

Not sure why he has chosen for this to be his legacy, but then again, many things George Bush has done make no sense. From Bloomberg:

The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago…The money that’s been pledged is equivalent to $24,000 for every man, woman and child in the country. It’s nine times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office figures. It could pay off more than half the country’s mortgages.

Is this really necessary? Even more importantly, how can a Republican president who represents a party that champions lower taxes, less spending, and smaller government be responsible for this sort of insanity? Somewhere in California, Ronald Reagan is rolling over in his tomb.

Posted by PUMA Pundit

Posted in | Tagged , , , | 4 Responses

At times I feel like it's just me against the world...

  • OC-Libertarian

    This is the problem with the two major parties in the US. Neither are interested in cutting the fluff and welfare. About the only thing republican about Bush is his stance on the war, as well as abortion and stem cell research funding. Even then, he’s done nothing to actually stop abortions or embryonic stem cell research (despite with the democrats keep saying). Bush is probably the most liberal Republican we’ve seen. What with No Child Left Behind and Prescription Drug program, it’s no wonder Republicans are losing elections.

    I have a real problem with the direction of the Republican party, which is why I refer to myself as a Libertarian. I don’t think the government should have any say regarding what a woman should do with her body. Abortion is a medical choice in my opinion. I also don’t think the federal government has any business funding abortion or medical research. I’d like the party to return to their roots and stop pretending (and I really do believe many politicians do this) and pandering to religious constituents.

    Once Republicans start talking about balancing the budget, controlling spending, and personal/property rights, then they will gain the independent vote.

    Finally, no these bailouts are not necessary. Folks – what you are seeing today is a hyper expanded vision of our existing welfare system. One sees a handout and the other come running for theirs

  • Carmelo Junior

    OC-Libertarian,

    Bush is what we call a “compassioned republican”, not a liberal republican. There is nothing in GWB that smells liberal. Libertarians have always been a ZERO (0) in American politics for their ambiguous stance on issues(Condi Rice, Colin Powell, Pat Buchannan, Ron Paul etc, etc). For one part they believe in the right of every human being to live, then they think abortion should be regulated, not banned. Libertarians want to have the turkey and the oven. You must decide if you are in or you are out. If you support the ideals of Lincoln and Grant or you are just hovering to see what happens and what is in vogue.
    Real Conservatives are not close minded, they know the GOP is the only political party that can avoid this country to go on the road of Spain, URSS, Brazil and other second line nations(dead or alive).

  • OC-Libertarian

    Call it what you want. Bush has been spending and spending and spending more like a liberal than a Republican. The prescription drug program and the “education president” is a total liberal dogma.

    I’ve never seen a collective stance that abortion should be regulated from the libertarian party. In general, the idea is that if you have are able adult you can take care of yourself and should not rely on government.

    I didn’t say that I voted Libertarian (I’m not going to throw away my vote). I only stated that I refer to myself as a Libertarian as it more closely defines my beliefs at this point. If Republicans become the party of limited government, then maybe I won’t be embarrassed to refer to myself as one.

    I have a real problem with politicians pandering to the fringe. It’s the reason Hillary didn’t win the nomination. She began campaigning more than two years ago with a more moderate/center message (strong on defense). You see where it got her with her own party. Same goes with Lieberman who ended up running as an Independent. As mentioned above, the problem I have is that these politicians don’t believe half the things they say and know the public will soon forget their promises.

    I live in California, so I’d hardly say my ideals are in Vogue. It’s either extreme conservatism, crazy libs, or the largest group “I just don’t give a damn”.

    P.S. Ron Paul is a Republican. It was a major talking point for him that he felt the party had lost its way and I agree.

  • Carmelo Junior

    “This is the problem with the two major parties in the US. Neither are interested in cutting the fluff and welfare. ”

    FDR brought to America a New Deal. Not only a deal to bring faith back to the poor but a deal to restorage faith in the goverment. He thought that by bringing the goverment to the people, the people would eventually stand by themselves.
    That was a fine idea and see the results: employment, progress, invectors interest in the market.
    The downfall of the New Deal was the dependency that occured after the goverment went to the people. FDR and the democrats started to get the people’s vote, but left the govement succumb into this dependent-benefactor state model that, even when brought the poor to vote democrat, started to ruin the concept of free market.
    There is nothing wrong with big spending if the spending is only temporary and there is a plan in place to recuperate. (There is not Big War in 2008) Afghanistan and Iraq are far from being BIG WARS!

    Obama thinks that the government can be brought back to the people, BUT the “community organzier” don’t see that this time we are not in a BIG WAR. No peace time draft(unless he chooses to reistall it).