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Conservatism is Not About Principle Limbaugh put Republicans who work "around the edges" of the president's policiesunder his heelYesterday I wrote that conservatism "is not about principle; it is about"preserving" the status quo from the liberals attempts to rip apart conservativevalues any further than they already have. Conservative values are not based onobjectivity, but rather on the subjectivity that the free market is the best, notthat it is right."This is the reason Rush Limbaugh is said to be driving a wedge in the RepublicanParty, with about twenty-five percent of Republicans--according to White HouseChief of Staff Rahm Emanuel--rooting for Limbaugh, and leaders like Mitt Romneydistancing themselves from him by not mentioning his name in their own comments ofcaution."'He is the voice and the intellectual force and energy behind the RepublicanParty. And he has been up front about what he views, and hasn't stepped back fromthat, which is he hopes for failure. He said it. And I compliment him for hishonesty, but that's their philosophy that is enunciated by Rush Limbaugh. And Ithink that's the wrong philosophy for America,' Emanuel said on CBS' 'Face theNation.'"I want Barack Obama to fail if his mission is to restructure and reform thiscountry so that capitalism and individual liberty are not its foundation? Whywould I want that to succeed?" [Limabugh] asked. Fox News PoliticsListen to the conservatives and the Republican leaders. Unfortunately, they don'twant President Obama to fail, because if he fails, the nation fails, and if thenation fails, the world-wide depression would be politically disastrous--foranyone who thinks his mission is to "restructure and reform this country so thatcapitalism and individual liberty are not its foundation."It would be disastrous politically for people like Romney and Huckabee and anyother politician who says he or she does not want this un-Constitutional theft offree enterprise to fail. They are giving the Libertarian Party a big boost as theonly free-market party. But that is good, if the Republicans don't thinkcapitalism is morally right.This is what I mean when I say is not about principle; it is about "preserving"the status quo from the liberals attempts to rip apart conservative values anyfurther than they already have. Conservative values are not based on objectivity,but rather on the subjectivity that the free market is the best, not that it isright.Limbaugh put Republicans who work "around the edges" of the president's policiesunder his heel, grinding on them for trying to make those policies work because indoing so they are giving up their beliefs--beliefs which unfortunately are notprinciples.If they thought capitalism was right--morally, politically, and economically--theywould have seen the warning signs when President Bush told them about it in 2003,and when Congressman Barney Frank said Bush was wrong."According to an article by Kathleen Day in the Oct. 8, 2003, Washington Post,Frank opposed giving the Bush administration the right to approve or disapprove
 
business activities that 'could pose risk to the taxpayers.' He told the Post heworried the Treasury Department 'would sacrifice activities that are good forconsumers in the name of lowering the companies’ market risks.'"Just a month before, Frank had aggressively thwarted reform efforts by the Bushadministration. He told The New York Times on Sept. 11, 2003, Fannie Mae andFreddie Mac’s problems were 'exaggerated,' a gross miscalculation some five yearslater with costs estimated to be in the hundreds of billions.“'These two entities – Fannie Mae and Freddie Mac – are not facing any kind offinancial crisis,' Frank said to the Times." Business and Media InstituteNot acknowledging that capitalism is morally the only economic system that allowsinvestors the freedom to create wealth will be a disaster for Republicans, if theymanage to regain power. They will only seek their own forms and programs of"stimulating" the economy. Most Republicans said over and over that "something hasto be done" to save the economy. All but one or two failed to mention freeenterprise as the solution. The rest were on board with bail-outs and loans andstimulus packages.But if the Republican return to power and play the same game as Obama and theDemocrats, but with different bail-out/loan programs that eliminate what theycalled "pork", their programs will only contain what the Dems will then call pork.The government needs to back off, let businesses fail because that is whatbusinesses are supposed to do when times are bad, and everything will work itsself out. That is what capitalism does. It is a self-regulating, self-correctingmarket, as we found out after President Reagan sat back and watched as:"an economic tidal wave was moving in on the US Monday morning, October 19, 1987.The Tokyo exchange had experienced a record collapse in prices and panic selling.The Hong Kong exchange was wiped out. The European exchanges experienced the worstsingle day in their history."In the US panic first hit in the Chicago commodities exchange and within fiveminutes of the opening the markets went into free-fall. It then spread to WallStreet and the NY exchange."The Dow-Jones averages fell 508 points. By the time the NY exchange closed upstock market prices had dropped 22.6%, almost double the record losses of thecrash of 1929. An astonishing 604.5 million shares had been traded that day morethan double that of the crash of 1929. It was the greatest crash in US economichistory."Black Monday was followed by Terrible Tuesday which was never reported by the USpress. On the following Tuesday the world’s financial system came to within onehair’s breadth of extinction. It appeared that by noon that the market had in factdied. All trading in stocks, options, and futures shuddered to halt. For almostone hour the world’s capitalist system had completely collapsed. There were nobuyers at any price."At this point of maximum crisis the Federal Reserve Board stepped in and floodedthe banks with cheap credit. At 12:38 that afternoon the stack market rose fromthe dead. The resurrection of the market was the result of the deliberatemanipulation by a few major firms to save the markets."Essentially leading corporations were entering the market after 1pm to buy backtheir own stocks which they had dumped that morning in order to stabilize the
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