Wednesday, January 20, 2010

Need of a leader by Scott

I was reading this article, by Todd Purdum from Vanity Fair, looking for something else, when I came across this paragraph

"Sure, Obama has made his share of mistakes, rookie and otherwise. But don’t count him out—not just yet. For the fault, dear readers, lies not in our stars, nor even in our rock-star president, but in ourselves: in our impatience, our intemperance, our lack of perspective, our susceptibility to the easy untruth and the quick fix. Barack Obama only rarely falls victim to any of these vices, and, with luck, he may yet save us from ourselves."

Is this worship of a governmental leader healthy for a democratic/republic style government?

I have overheard people say things such as, "if congress just got out of Obama's way then he could fix everything." or "it's Nancy and Harry that are messing things up and making Obama look bad, they should just get out of the way."

Is this article and others attacking the very foundation of our government or am I over-reacting?

Here is the article. It is very amazing on how he believes Obama can do no wrong.
http://www.vanityfair.com/politics/features/2010/01/purdum-on-obama-201001

What do elections tell us? by Scott

As the people the real only voice they have is in an election. So what did the election of Scott Brown tell us?

Jacob S. Hacker and Daniel Hopkins wrote in the Washington Post "If there is a lesson in the Massachusetts vote, it is this: pass a [health-care] bill. The nation needs reform. Democrats need an accomplishment. And Democratic activists and voters need a new cause: fixing reform, not abandoning it."
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/19/AR2010011902846.html

Fred Barnes from the Weekly Standard, "The health care bill, ObamaCare, is dead with not the slightest prospect of resurrection. Brown ran to be the 41st vote for filibuster and now he is just that. Democrats have talked up clever strategies to pass the bill in the Senate despite Brown, but they won’t fly. It’s one thing for ObamaCare to be rejected by the American public in poll after poll. But it becomes a matter of considerably greater political magnitude when ObamaCare causes the loss of a Senate race in the blue state of Massachusetts."
http://www.weeklystandard.com/blogs/health-care-bill-dead

Todd Purdum writes this from Vanity Fair, "If a wildly popular new president, with sizable majorities in both houses of Congress, couldn't bend the system to his will already, the fate of a single Massachusetts Senate candidate should hardly matter a damn."

Thursday, January 14, 2010

Obama: Bank Tax

http://news.yahoo.com/s/ap/20100114/ap_on_bi_ge/us_obama_bank_fees

http://www.nytimes.com/2010/01/15/us/15tax.html?ref=business

"I think it is entirely reasonable to say that the industry that, A, caused these problems more than any other and, B, benefited from the activity, should be contributing," said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee.

"Politics have overtaken the economics," said Scott Talbott, the chief lobbyist for the Financial Services Roundtable, a group representing large Wall Street institutions. "This is a punitive tax on companies that repaid TARP in full or never took TARP."

Even before details came out, Jamie Dimon, chief executive of JPMorgan Chase & Co., said: "Using tax policy to punish people is a bad idea."

What do you think?