Sunday, September 28, 2008

Maverick Republican House Is Needed

Here is more evidence that neither Obama nor McCain deserve to be President. Both are supporting the concept of socialism in one form or another. is reporting McCain's comments about this ridiculous bailout,

The presidential nominees came behind the outlines of the bailout. "This is something that all of us will swallow hard and go forward with," said Sen. John McCain, R-Ariz. "The option of doing nothing is simply not an acceptable option."

Doing nothing is by far and away the best positive option. The even better negative option is to get out of the way of the free market by taking taxes out of the way. The assumption that government must fix everything is simply wrongheaded. This paragraph is extremely troubling. The newly proposed bailout makes even more demands.

"It also calls for the financial sector to help make up the difference if the government does not recoup its investment in five years, the official said, but details remained unclear. The government would receive stock warrants in return for the bailout relief, giving taxpayers a chance to share in financial companies' future profits."

Where does this kind of thing end? We are truly entering a new era. House Republicans seem to be the only semblance of Conservatism in any form. This article from Forbes states that House Republicans have indeed offered a plan.

"A deal had appeared within grasp Thursday afternoon but fell apart that night when a group of House Republicans issued a rival plan. Under their proposal, companies would pay premiums to insure their frozen mortgage-backed securities, instead of having the Treasury use taxpayer dollars to buy them. In addition, the plan--the fine details of which are still vague at this point--would provide some companies with tax relief, remove unspecified banking regulations and allow them to temporarily suspend dividend payments to free up capital."

If only the Republican Party had Conservative Leadership. Bush must not be let off the hook. It was under his leadership that the Republican Party went from being a majority to a minority. It may rightly be said that this entire mess is Bush's fault. There are other ways to fix this problem. As Rush says, "Conservatism works every time its tried." If only someone was willing to try.

"Any time you have a plan this big that is moving this quickly, that requires legislative approval, it creates challenges," Bush said. He said members of Congress "should be allowed to express their opinions," but emphasized that "there is no disagreement that something substantial must be done."

The very people that caused the problem (Big Government telling banks they must give homes to people that cannot afford homes) are now telling us over and over again that they must fix it. This is just going to go from bad to worse. Why bigger government must fix all the problems they caused we are not told.

Perhaps the answer to this is winning the House back. This time though, we must elect a maverick Republican House. A maverick majority that will oppose the Left's, Bush's and McCain's stupid ideas.

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