Center for a New American Security

Congratz, Elf ...

Congratz, Elf ...

I care what Fnord thinks!!

I care what Fnord thinks!!

Thank you Fnord. Fnord, while a lot of the opposition in the MASS race and indeed the American people are concerned about terrorism in light of the events of Ft Hood and Detroit posh boom- coming on the heels of kinda sorta talking about closing GITMO and more importantly giving KSM Fabulous Five a NYC civilian trial- the main impetus of the voter rebellion and the loose conglomeration of citizen groups called the Tea Party is the fiscal depravity coming out of DC.

It began with the rage against TARP, where the volume of citizens contacting their representatives to tell them vote NO ran in huge numbers (50 to 1 or more), it also crashed Congress's servers. It wasn't a denial of server attack, they were overwhelmed. Try to imagine if the Scandinavian financial crisis of the 90's had been met with a similar policy response. You would have broken out the Viking Broadswords. It doesn't get better with a Trillion dollar stimulus that was basically a Congressional all you can eat orgy of spending willy nilly and yon.* Let's throw in the Fed printing money (100% plus year over year increase in paper) and a few nice proposals like Cap and Trade - consumers get 10$ a gallon gas and 1000$ utility bills, Goldman Sachs lines up for the Cap and Trade exchange $$$. As the icing on the cake Congress turns around about once a quarter now and votes to raise the limit on the National Debt. They just raised it 290 Billion a month ago to keep it going until - spring. That was a month ago. Yesterday they proposed (and will pass) a resolution to raise it another 1.9 Trillion - I guess they want to take the hit now and hope it will wear off by November. I doubt it. Did I mention the largest Carry Trade in history is going on with the dollar, and that this time everyone sees the Bubble, thinks it's going to burst and feels powerless to stop it?

Did I mention all these sweetheart deals for the connected - beginning with Wall Street, continuing with the Stimulus, the takeover of Detroit to pay off the UAW...and most of all the pimping us out - all of us - to the selfsame Insurance Companies they've been decrying (Wall Street loved Health Care "Reform") and blatantly passing out payoffs while the rest of us are hanging on by threads? How do you think these people look to us?

It's a lot more like the revolt under Andrew Jackson against the Second Bank of the United States. Jackson and his supporters believed the Bank was part of a connected Cabal of players who formed a self serving oligarchy at the expense of the people, and he was elected in no small part in 1932 to bring it down. That's the Tea Party, Fnord. It's an economic and governance issue.

And politically the Dems got themselves into an ideologically sealed bubble and missed, ignored and disregarded all the queues. They also kept insulting the common man and showed him their elitist contempt. Did they ever miss a chance to show them contempt? Beginning with Joe the Plumber and continuing until this weekend with Mr Smoothie's line about Pickup Trucks (Scott Brown campaigned around the State in his pickup truck). Coakley BTW couldn't have been a worse candidate (if you're Catholic, you probably shouldn't be working in an Emergency Room. She said that on air in MASS).

*Stimulus Bill is when the term "Tea Party" is first used on CNBC. The bulk of the stimulus so far has been spent on State Gov, the largest chunk going to keep Medicaid from going bankrupt at the State level, the 2d largest chunk going to State Govt budgets. Check out recovery.gov if you want to see why this is a constantly bursting boil on the body politic.

Correction: 290 Billion

Correction: 290 Billion last six weeks. Not even March.

Fnord: I'm curious what you

Fnord:

I'm curious what you think about Israel's aid to Haiti (seriously)?

ADTS

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