I have stated before that I am not much of a Rush Limbaugh fan, but I have rescinded that silliness since the Obama has decided his dissent is off limits. Nicely done Mr. President, you gave Rush a million dollars of free pub and made yourself look petty and even scared. Bravo, more! more! Rush made the mistake, to Obamanauts and their dear leader of questioning his aims and ambitions. Here is what he said.
If I wanted Obama to succeed, I'd be happy the Republicans have laid down. And I would be encouraging Republicans to lay down and support him. Look, what he's talking about is the absorption of as much of the private sector by the US government as possible, from the banking business, to the mortgage industry, the automobile business, to health care. I do not want the government in charge of all of these things. I don't want this to work. So I'm thinking of replying to the guy, "Okay, I'll send you a response, but I don't need 400 words, I need four: I hope he fails."
The usual suspects have taken the money quote and attempted to demonize Rush as un-patriotic for hoping that Obama fails overall. It's obvious that is not the case and that he is opposing the attempt to ram a pile of liberal programs through under the guise of an emergency stimulus, and fighting an attempt to take state control of much of our country. To that extent I join him in saying I hope he fails miserably. Much of the financial mess we are currently in can be laid on the altar of politically correct social engineering. Democrats descried "red-lining" of minority neighborhoods when mortgage loan numbers didn't match richer i.e. white neighborhoods. Enter Dodd, Frank and the rest telling mortgage companies to lower their standards, drop down payments, forget percentages of income, to increase home ownership. Shockingly many of these new home owners defaulted. Add in the greed factor as many other home owners took advantage of the new looser rules to leverage their mortgages all out of proportion as well. Law of unintended consequences coupled with a completely foreseeable effect and BAM housing market crash.
So Obama attempts to hush Rush and instead reaffirms him as the voice of the loyal opposition. Rush in fine fettle comes back at Obama with an actual bipartisan stimulus plan. It makes more sense to me than letting Pelosi, Reid and Rangel mail satchels of cash to their favorite progressive causes. Here it is.
Mine is a genuine compromise. So let's look at how the vote came out, shall we? Fifty-three percent of voters in this country -- we'll say, for the sake of this proposal, 53% of Americans -- voted for Obama. Forty-six percent voted for Senator McCain, and 1% voted for wackos. Let's give the remaining 1% to President Obama, so let's say that 54% voted for President Obama and 46% voted for Senator McCain. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me.
These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. So Obama gets $540 billion to spend his way. The other people of this country who did not vote for his way get $460 billion spent the way they would like it spent. This is bipartisanship! This is how bipartisanship really works. Okay, Obama wins by a 54-46 majority, so he gets 54% of the trillion bucks. Spend it his way. We get 46% of the trillion bucks to spend our way, and then we compare. Then we see which stimulus actually works and works the fastest, and I will guarantee you that if this plan is adopted, just the announcement that $460 billion will go toward paying for tax cuts, capital gains, and corporate tax rates -- we could throw in some personal income tax rate reduction in order to make sure that the voters don't think it's all about helping the big guys. But we need jobs, do we not?
Who hires people? Businesses! Businesses need tax cuts. The US corporate tax rate is obscene. It is the highest of all industrialized nations.
Rush rightly notes Democratic bipartisanship involves Republicans throwing away principles and joining the Dems. This proposal takes both sets of competing ideas and weights them based on what the public asked for. Sounds fair to me. Oh wait I forgot Obama won, he trumps the right. Keep that in mind whenever you hear the lie that Obama is a uniter. All he united was the people to the left of center and a few wobblies from the right. Let's see how long they stay on board now that the real Obama has shown himself.