|Remember "No New Taxes"?||Invisible Hand vs. Clenched Fist|
by Christopher Chantrill
August 31, 2011 at 2:04 pm
THE HYPE over Hurricane Irene may have been overdone, but those few obedient souls that followed orders and sought shelter from the storm may have got a shock. For down there hunkering down from Hurricane Obama is none other than investor Warren Buffett, the Sage of Omaha.
Radio host Hugh Hewitt is the go-to guy on Hurricane Obama.
"President Obamas economic policies are to the private sector as Irene is to the East Coast, a vast swirling destructive force, [Hewitt says]. Small businesses are fleeing the path of Obamacare, Dodd-Frank, the NLRB, the EPA, the prospect of much higher taxes.
Prudent people are responding to Hurricane Obama by battening down the hatches, and the poster boy for Hurricane Obama is none other than Democrat Warren Buffett. Buffett is no fool. He has $270 billion in equity at Berkshire Hathaway to protect, and when the thugs from the NLRB come calling at Boeing and telling the aircraft maker: nice little business you got there; pity if anything should happen to it, he can read the writing on the wall. One day, the Chicago gang might come calling at his business.
Remember when old Sam Walton penned a Bush-friendly op-ed in the Wall Street Journal, then invested a few billion to rescue bankrupt Enron, then hosted a Bush fundraiser, all the time getting calls from the president on economic policy? You dont remember that? Of course not. Neither Sam Walton or the Bushies would have dared to mount such an obvious staging of crony capitalism.
Not that they would ever have thought about doing such a thing.
Why, if old Sam had done that, the entire media-culture establishment, from The Nation to the most inconsequential Hollywood scriptwriter would have exploded in outrage. Corporate Greed! Bush and his cronies! Republicans in the pockets of Big Business! The news analysis pieces above the fold in The New York Times would have run for months.
But when savvy old Warren Buffett writes an op-ed backing up the president on taxing millionaires and billionaires, nobody turns a hair. When Warren Buffett helpfully shores up the capital at Bank of America with a cool $5 billion in preferred shares, helping to pull the administrations chestnuts out of the fire, its no big deal. And hey, agreeing to host a fundraiser for the president is an offer that nobody could refuse.
Warren Buffett has his billions to protect. But the rest of us looking for shelter from Hurricane Obama keep wondering: do these people really not get it? Do they not understand how their taxes, their regulations, their subsidies, their bullyings, their ObamaCares are wrecking the economy?
The answer is: they dont. Our liberal friends dont look out at the economy and marvel how it was possible that in two hundred years the average westerner went from a subsistence life in a squalid farm laborers cottage to a comfortable suburban life with cars, air conditioning, and fluffy pillows. They dont ask that kind of question at all. Instead they tell each other something different.
But for us, the progressives say, the little people would still live in squalor while greedy businessmen made billions and lived like kings. We ended child labor. We created the eight-hour day. We invented the weekend. Our common school created universal literacy. We invented Social Security and Medicare. We ended the patriarchy. But for all that wed be back in the economic dark ages.
Nice little social program you got there, liberals. Sure would be a shame if a hurricane hit it.
We conservatives thought that the economic question had been resolved in our favor back in the 1980s when President Reagan led the economy back from Keynesian stagflation to a 20-year boom. We were wrong. Maybe Bill Clinton got the message. But Barack Obama, deep in the liberal enclave of Hyde Park, didnt. Maybe the blue-dog Democrats did, but the netroots didnt. Maybe Big Business got the message and re-engineered their corporations, but Big Labor didnt. Maybe red-state governments got the message, but blue-state governments didnt.
In the end, they say, you cant fool Mother Nature. And so our liberal friends are staring into the abyss of an annus horribilis in 2012. For years and years they kept the mirage of their progressive faith alive in their hearts and convinced many Americans with their progressive revivalism. Now it is all collapsing around them, and they cant believe it.
But isnt good old Warren Buffett risking retaliation from the next Republican administration? Nah. Republicans dont believe in beating up on businessmen, even the ones that truckle to liberal politicians.
After all, Warren Buffett is just taking care of business. Its a fiduciary duty.
Buy his Road to the Middle Class.
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Dorothy L. Sayers, Strong Poison
Civil Societya complex welter of intermediate institutions, including businesses, voluntary associations, educational institutions, clubs, unions, media, charities, and churchesbuilds, in turn, on the family, the primary instrument by which people are socialized into their culture and given the skills that allow them to live in broader society and through which the values and knowledge of that society are transmitted across the generations.
Francis Fukuyama, Trust
Tear down theory, poetic systems... No more rules, no more models... Genius conjures up
rather than learns... Victor Hugo
César Graña, Bohemian versus Bourgeois
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
When we began first to preach these things, the people appeared as awakened from the sleep of agesthey seemed to see for the first time that they were responsible beings, and that a refusal to use the means appointed was a damning sin.
Finke, Stark, The Churching of America, 1776-1990
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
A writer who says that there are no truths, or that all truth is merely relative, is asking you not to believe him. So dont.
Roger Scruton, Modern Philosophy
As far as the Catholic Church is concerned, the principal focus of her interventions in the public arena is the protection and promotion of the dignity of the person, and she is thereby consciously drawing particular attention to principles which are not negotiable...
[1.] protection of life in all its stages, from the first moment of conception until natural death; [2.] recognition and promotion of the natural structure of the family... [3.] the protection of the right of parents to educate their children.
Pope Benedict XVI, Speech to European Peoples Party, 2006
At first, we thought [the power of the West] was because you had more powerful guns than we had. Then we thought it was because you had the best political system. Next we focused on your economic system. But in the past twenty years, we have realized that the heart of your culture is your religion: Christianity.
David Aikman, Jesus in Beijing
But the only religions that have survived are those which support property and the family.
Thus the outlook for communism, which is both anti-property and anti-family, (and also anti-religion), is not promising.
F.A. Hayek, The Fatal Conceit
Conservatism is the philosophy of society. Its ethic is fraternity and its characteristic is authority the non-coercive social persuasion which operates in a family or a community. It says we should....
Danny Kruger, On Fraternity
Families helped each other putting up homes and barns. Together, they built churches, schools, and common civic buildings. They collaborated to build roads and bridges. They took pride in being free persons, independent, and self-reliant; but the texture of their lives was cooperative and fraternal.
Michael Novak, The Spirit of Democratic Capitalism