Knowing on which side your bread is buttered
Posted by aogWednesday, 26 October 2011 at 11:28 TrackBack Ping URL

That conservative greed that drives the GOP has struck again!.

Oh, wait, that article is about how the accused donated very heavily to the Democratic Party and its leading lights. But clearly, the take away is that it is the GOP that is the party of the Wall Street fat cat thieves.

Walter Russel Mead weighs in as well. My (serious) take away here is that this is a prime example of why the government should restrict itself to regulation and not be involved in any way with actual investments and economic intervention. If it is, then this corruption simply migrates to the Aristocracy of Pull, where those with friends in government are excused because that sort of thing is apparently unexceptional in the public sphere..

P.S. You write a post and more related stuff just shows up in your RSS feeds. I think it should not be forgotten that this kind of thing about government corruption and failure is a never ending stream — I don’t have to dig in to history to have examples, I just have to read my news feeds for a few hours. Over and over and those who rail about private sector excesses just don’t seem to care.

Anyway, while corporations are being hit with ever more pointless yet draconian financial reporting requirements, the equivalent for unions are being relaxed. Mean while President Obama is buying the youth vote with hundreds of billions of taxpayer money without any Congressional input. I of course expect no one who complained so vociferously about President Bush’s inflated opinion of the powers of the Executive Branch to breath one word of disapproval. It’s about the tribes, not the actions for them.

Comments — Formatting by Textile
Harry Eagar Monday, 21 November 2011 at 19:18

A point many people would agree with, but Republicans cannot be depended upon to make it.

For example, there was not a peep when half a billion dollars of taxpayer money disappeared (about the same stake as in Solyndra, but unlike Solyndra, with about 1% as much private investment) from a rotten deal in a state with 2 — count ‘em, two — Republican senators; and a former Reagan Cabinet secretary as the receiver of the pelf.

It looks, again, like selective policy. Only bad when someone you disapprove of does it.

Hey Skipper Tuesday, 22 November 2011 at 13:45
If it is, then this corruption simply migrates to the Aristocracy of Pull, where those with friends in government are excused because that sort of thing is apparently unexceptional in the public sphere..

Just like Hayek said.

For example, there was not a peep when half a billion dollars of taxpayer money disappeared …

Don’t be coy, give us some specifics.

Annoying Old Guy Tuesday, 22 November 2011 at 15:21

Skipper;

Don’t you find it odd how frequently Eagar refuses to divulge such details with regard to an accusation? It’s almost as if he has a template, and then when challenged attempts to find an actual event that matches it and when that doesn’t work, changes the subject with disagreements on trivia.

Mr. Eagar;

Fine, let’s not trust any of them. But I will still support a party that at least has some factions that are with me on that issue, vs. a party that is all in for that kind of sleaze.

Yes Wednesday, 23 November 2011 at 13:16

Whichever party’s in power after this next election is gonna get destroyed for at least a generation and might even go the way of the Whigs, so if you really will still support a party that at least has some factions that are with you, perhaps you ought to hope for a strategic loss.

Annoying Old Guy Wednesday, 23 November 2011 at 14:25

I wouldn’t be surprised, but sometimes being an adult means taking the hit, even if it’s unfair. Beyond that, I put principle above party. I am fine with the GOP as collateral damage if the interventionist looting style of government is also discredited.

Bret Wednesday, 23 November 2011 at 17:01

Yeah, the concept of preserving a party that has a few factions that I sorta agree by taking a strategic loss just doesn’t work for me. Those few factions can reorganize into another party.

Harry Eagar Wednesday, 23 November 2011 at 20:32

Maybe you should read a daily newspaper instead of relying on RSS feeds through a tendentious filter.

Anyhow, I wrote about 50 stories about the Austal USA scandal, which went up to the Supreme Court, which ruled unanimously that the deal violated federal law. Other reporters wrote at least as many, and there’s a book of documents that fill about 400 pages. It’s a secret only to people who ignore the MSM.

Hey Skipper Wednesday, 23 November 2011 at 20:46

This Austal USA?

(If it is, and you did, then none of them, or any other hint of any scandal of any kind, showed up in the first 10 pages of Google results. Which, I suppose, makes it a secret to those who can’t be bothered to go to page 11. At least.)

Annoying Old Guy Wednesday, 23 November 2011 at 22:55

Mr. Eagar;

My view is that I would be even less well informed if I read daily newspapers. I see more evidence of accuracy of that view every day.

But still, I am having some difficulty with how my willful ignorance stops you from relieving it by, say, typing in a name rather than spending ever more effort with vague hints instead.

Skipper;

I think it’s clear that Eagar wants us to read daily newspapers not to be well informed, but properly informed, that is filled with inchoate animosity toward certain people and ideologies, without dependence on dreary facts. Having read some of Eagar’s work, I have found it only slightly more fact filled than his comments on weblogs.

Annoying Old Guy Wednesday, 23 November 2011 at 22:59

Well, as long as we’re talking about scandals, how about that California high speed rail project which seems to be the biggest bait and switch since TARP. That looks like it could make $50 billion or more of taxpayer money disappear. Of course, the LA Times felt obligated to mention it, but

you have to get to the bottom of the article to see where the LAT buried the lede

[…]

So what exactly are these variables that will add more than half as much cost as the project’s original price tag? Shag carpeting, spoilers on the caboose, quadrophonic stereo … what? The LAT doesn’t tell us; they just wait until the last paragraph to report that CHSRA warns that their projections require 20% play in the numbers.

Who knows? California taxpayers won’t if they rely on Old Media for information.

erp Thursday, 24 November 2011 at 09:31

aog, Your but properly informed is right on target.

A Farleigh-Dickenson “study” concluded that people who watch FOX News* are worse off than if they didn’t watch any news because they didn’t answer the questions on the survey “correctly,” i.e. give the CW leftoid spin.

Here’s the first item that came up in my Google search. I went up to page 6 and still didn’t find an opposing view. The teamsters blog and tennis magazine all had the same spin.

Anybody here surprised?

The mass media makes you worse than uninformed, it makes you mis-informaed.

*Note: I don’t think FOX News is conservative. It’s merely less dogmatically leftwing than all the other news programs, gets closer to unbiased reporting of news events and allows a few conservative pundits into the mix.

Annoying Old Guy Thursday, 24 November 2011 at 11:07

Interestingly, according to the Pew Research Center, Republicans are generally better politically informed than Democratic Party members

Republicans generally outperformed Democrats on the current quiz. On 13 out of the 19 questions, Republicans score significantly higher than Democrats and there are no questions on which Democrats did better than Republicans. In past knowledge quizzes, partisan differences have been more muted, though Republicans often have scored somewhat higher than Democrats.

Hardly surprising if, as is frequently claimed, the Occupy Designated Location types are typical Democratic Party supporters.

erp Thursday, 24 November 2011 at 13:07

One reason could be that more conservatives home school or send their kids to private/parochial schools than do liberals (or whatever they call themselves these days).

Occupy Designated Locations?????

AVeryRoughRoadAhead Thursday, 24 November 2011 at 15:56

Occupy Designated Locations?????

= OWS and the other movements inspired by such: Occupy Earth, Occupy Salt Lake City, etc.

I wouldn’t be surprised, but sometimes being an adult means taking the hit, even if it’s unfair. Beyond that, I put principle above party. I am fine with the GOP as collateral damage if the interventionist looting style of government is also discredited.

Very well said, BUT:

  • By those standards very few in Congress are adults, including the self-designated Tea Party members, who are as big a disappointment in their way as Obama was in his. Where are the firebrand one-termers, willing to put principle first and take the unfair hit to right that which is so wrong? The Founding Fathers risked their lives, limbs, liberty and fortunes (and the Founders included some of the richest members of the Colonies, such as Washington and Franklin); Tea Party Congressmembers fear to risk… Public disapproval?!? (‘Cept Bachmann - she’s bringin’ it.)
  • The interventionist looting style of government may or may not be discredited, but if so it is not required that the GOP be in power for it to happen. (Although personally I would prefer that it be the GOP that takes the hit, as the modern Republican Party is more hypocritical than are the Donkeys [and that’s a high bar indeed], and also the GOP has betrayed me more.)
  • I’m a bit surprised about how strongly anti-OWS you are, given that they’re merely the Tea Party drawn in rainbow colors. Plus they’ve correctly identified the enemy, which is more than the Tea Party has accomplished. And “enemy” isn’t too strong; Wall Street isn’t currenly a “competing” faction, or even an “opposing” faction, they’re an actual enemy of Main Street, as the game has turned zero-sum. Congress is going to cut extended unemployment benefits but the Fed is going to continue to give free money to the banks?!? You tell me if that’s in the common good or not.
erp Thursday, 24 November 2011 at 16:47

Long time no see Rough. Hope all is well.

I couldn’t agree more about Republican leadership. They’re more despicable than the actual lefties, but comparing the tea party with the occupiers doesn’t work. Tea party is a genuine grass roots movement of the middle class while the occupiers are rich brats and union thugs being paid to agitate and rabble rouse by Soros front organizations and the tea party has identified the enemy and it’s the same one I’ve identified — socialism.

Annoying Old Guy Thursday, 24 November 2011 at 18:08

erp;

Here’s a related quote from Instapundit

Regardless of the actual Sarah Palin’s opinions, the Sarah Palin in their [Old Media’s] minds is staunchly anti-sex, making anything that the real Sarah Palin does fodder for hypocrisy accusations for not matching up with what the imaginary Sarah Palin thinks. Yes, this is really how modern “journalism” works.

AVRRA;

By those standards very few in Congress are adults, including the self-designated Tea Party members, who are as big a disappointment in their way as Obama was in his. Where are the firebrand one-termers, willing to put principle first and take the unfair hit to right that which is so wrong?

I certainly won’t dispute that few in Congress are acting like adults. But if you want names of some GOP / Tea Partiers who are, I would say Paul Ryan, Rand Paul, Scott Walker, Marc Rubio, and my personal favorite Sarah Palin who, more than any one in recent history, took unfair hits to do the right thing. I think for those with realistic expectations, the Tea Parties have done very well for the short time they’ve been working.

The interventionist looting style of government may or may not be discredited, but if so it is not required that the GOP be in power for it to happen.

Yes, and therefore …? My political goal is to eviscerate that style of governing. I would prefer doing it through the GOP, but I consider the party “acceptable losses” if that’s what it takes to achieve my goal. I think again the Tea Party has utterly failed to disappoint on this score, working as they are at the grass roots, trying to shift the GOP in what I consider the right direction.

I’m a bit surprised about how strongly anti-OWS you are, given that they’re merely the Tea Party drawn in rainbow colors. […] they’ve correctly identified the enemy

No, ODL is in most respects the opposite of the Tea Party. They’re irresponsible, imprudent, impractical, and ineffective. They want intervention and looting by the government just like the current ruling class, they just want their cut of the loot. They have completely misidentified the enemy, which is an overreaching, over intrusive, and over spending government. The ODL folk favor that, just on them instead of politically connected bankers. One need merely note how rapidly and closely the looting party (that’s the Democratic Party) latched on to the movement. Or simply ask the ODL folk and supports why they hate the Tea Party so much. It’s the natural antipathy of looters vs. producers.

Just a couple of tidbits to illustrate this —

Annoying Old Guy Thursday, 24 November 2011 at 20:45

erp;

I found this in my tabs, with regard to properly informed. Money quote —

Once again, one has to observe, buying a newspaper is now simply an expensive way of being misinformed. And if they are leaving out details such as this, what else are they leaving out?

And here’s another about packing up no news as if it is real information.

Then there is the NY Times which gushes over Al Sharpton. Al Sharpton. A race bating thug who should be in jail.

the street-level firebrand who made his name supporting Tawana Brawley

Yeah, let’s leave out that whole framing an innocent man for a non-existent crime. Or that little burning down the Jew’s shop thing. You don’t need to know that to be properly informed.

P.S. Can I drop in one more about a thug who got shot in Minneapolis and the reporter who thinks he was the victim?

AVeryRoughRoadAhead Friday, 25 November 2011 at 02:45

I think for those with realistic expectations, the Tea Parties have done very well for the short time they’ve been working.

That’s possibly true, but the problem is that we don’t have time for “realistic” expectations. The Tea Partiers are too few in Congress to actually do anything really useful, but they could use their positions to sound the alarm, to prepare the unwashed masses for the coming austerity. It would be a service to the nation, for instance, if the Tea Partiers grabbed the third rail and started explaining to the Baby Boomers about how any workable plan for maintaining an effective government necessarily includes cutting their promised pensions and severely cutting their promised health-care benefits, instead of joining the throng of quivering “reformers” who feel the need to pretend that the Boomers weren’t lied to, that there’s some way for them to get what they think they have coming.

If the Tea Party would play draconian Bad Cop, it would allow some other party/faction to play Good Cop, and cut SS and Medicare - but less than Bad Cop proposed.

And of course there are many other issues on which the Tea Party could lay out the stark truth, and while they can’t win re-election doing so, it would allow a real conversation about potential solutions to occur. The Ryan Plan, for instance, doesn’t cut deeply enough to be very effective, and is therefore not a real option.

Annoying Old Guy Friday, 25 November 2011 at 10:31

AVRRA;

What’s the better alternative? The GOP at least and the Tea Party much more so has at least sounded some warnings. Perhaps they have not moved far enough, but at least they have the direction and basic issue right. In contrast, the Democratic Party and the OWS crew are pushing in the opposite direction. I agree Paul Ryan’s plan isn’t enough, but again, where’s the better alternative? He is at least trying, as opposed to “everything is under control, and we should go ahead and spend more money” approach.

Unless you think there’s no chance at all and so we might as well party until the house has burned down. That’s just not my style.

erp Friday, 25 November 2011 at 15:04

Rough, there must be cuts, especially in government, no adult argues otherwise, but more than cuts, we need to unleash the potential of economic growth sans the fetters of federal regs and public service union controls. There’s a lot of money sitting in people’s mattresses just waiting for a chance to be invested and lots of people with great ideas who need that money to develop those ideas.

Get these d*mn socialists out of the way and step back to watch things snap back to normal.

erp Friday, 25 November 2011 at 15:11

aog, I am green with envy of your tabular system.

It’s nice when others agree with one, isn’t it?

Annoying Old Guy Friday, 25 November 2011 at 17:56

Maybe there is something in those daily newspapers — another example of half a billion of taxpayer money shipped to Obama cronies in the LA Times. Perhaps it is a sign of how President Obama’s star has faded that even Old Media is starting to report these things.

erp Friday, 25 November 2011 at 21:19

The amazing thing about this is that it’s done so openly and casually.

Annoying Old Guy Tuesday, 29 November 2011 at 09:47

“Professor” Cornel West -

Professor West didn’t just call for another war on poverty (the first war was fought by Lyndon B. Johnson), but went on to say that the push for more entitlements “is going to be fought in the streets.” West showered the Occupy movement with praise for making people aware of the issue.

Could he be much clearer that ODL is about creating the shock troops of civil violence to achieve political goals?

erp Tuesday, 29 November 2011 at 13:20

Only question is will the army fire on We, the People during the coming declaration of martial law.

Annoying Old Guy Tuesday, 29 November 2011 at 15:00

Again, I think that the muddle’s patience for that kind of thing is worn paper thin. As I noted above, these thugs are so enervated compared to their predecessors that they won’t even need the whiff of grapeshot to abandon the field. If the MALists had succeeded in their efforts to disarm the citizenry, there might be a chance of this working. But not only the failure, but the underlying attitude shift it represents, dooms their thugs to at best temporary and superficial success. Many have noted that these ODL protests occur only in MAList dominated locations because even these folk have enough animal cunning to not intrude on populations that will defend their turf.

erp Tuesday, 29 November 2011 at 16:21

What good are your guns if they bring in tanks and missile launchers and drones?

Can’t happen here?

Neither could a government takeover of the auto indeustry, but it did happen as well as dozens of other power grabs like the DOJ refusing to prosecute protected people like black panthers and Moslem terrorists, Pigford reparations, takeover of the healthcare insurance industry and .….….….….….….

Bret Tuesday, 29 November 2011 at 22:00

The general concept of a heavily armed civilian population is not that they can go against tanks, but rather it significantly raises the cost of an armed takeover. Things like the supply chain are much more vulnerable (i.e. they have to come out of their tanks to eat eventually).

AVeryRoughRoadAhead Thursday, 01 December 2011 at 21:15

Only question is will the army fire on We, the People during the coming declaration of martial law.

Should a declaration of martial law come to pass, then for the most part yes, yes indeed, especially in the early months. And I write this as an insider in the Military Industrial Complex.

While the MIC is under the control of civilians, it’s not under the direct control of We, the People, and in fact the MIC sees itself as apart from and superior to W,tP.

If the Powers That Be frame things correctly, then it could be a very long time before the MIC splinters to any considerable degree… If they get the frame right then most of those rednecks with long guns and suburbanites with self-defense pistols will be forming para-militaries in support of the MIC and martial law…

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