A Return From The Land Of Nod?
By Thomas D. Segel
September 4, 2009
In deference to those on the radical left who may never open the pages of a Bible, the term "Land of Nod" is taken from the Book of Genesis and refers to that locale as a place of sleep. Truly, Americans were in the Land of Nod during the many months of the previous presidential campaign. They had to be sleeping to have allowed such a radical and destructive administration to gain power.
When the army of the far left marched into Washington last January, they were already in friendly territory. A Democrat-Socialist majority in Congress, willingly assisted by the Bush White House, had already poisoned the economic well with massive TARP bailout legislation. It was quickly outdone with a stimulus bill that tacked on another $800 billion-plus in debt.
We all heard about the big financial houses on Wall Street who had their futures assured by the taxpayers. We all read about the AIG bailout that even included enough of our money so the huge corporation could stabilize its foreign investments. We read about the $14.9 billion bailout to Chrysler and the $50.7 billion bailout to General Motors. A few people even heard about the $12.5 billion of bailout funds we handed over the GMAC to keep that segment of the auto lending market afloat. But, we were not too concerned, because we were all off visiting the Land of Nod.
So, now that the political elite of Washington are in control of our national financial markets, they will build our automobiles at a design and price the government desires. They will even handle the financing of those cars and trucks through the government controlled GMAC.
Since they were so deep into the business they never wanted to run, it was only logical for them to come up with "Cash of Clunkers", which might have been a blessing to some taxpayers, but was really another handout to the auto industry.
They next were talking about "Cash for Crappy Appliances" as a bailout. Folks would be able to turn in old refrigerators, washers, dryers, air conditioners and perhaps even electric toothbrushes. They would then get rebates to buy more energy efficient models.
While all of this was taking place the American public quietly continued resting in the Land of Nod. It was so quiet across the country that our caring Congress slapped together a pork laden healthcare bill that promised to help its friends and punish its enemies. It would force every person in America to eventually accept government healthcare. Oh yes, it would also tack on an additional $1.5 trillion dollars to the national debt.
In the space of less than nine months, the Obama Administration and Congress moved us from financial solvency into the status of being the Number One Debtor Nation in the World. There were a few yawns when this happened, but not many stirred from their resting positions.
So, those of the liberal left looked around and pronounced what they accomplished as good. They had already managed to control American education. The teachers unions of the nation were marching in lock step to the socialist drumbeat. But, they needed to cancel those pesky voucher programs just to keep the public school monopoly happy.
>> Continued -- Page 1 2 3
|