Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
Login | What's Hot
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Monday, November 10, 2008
Rich Galen :: Townhall.com Columnist
Bailouts and Taxes
by Rich Galen
Forward Print Share Single Page
Vote on It:
Average Vote:
[+] Text [-]
 
 
Poll
Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


You will note that that Pay-Go business didn't come up in the course of conversation during the bailout votes before the House and Senate skedaddled out of town to run for re-election. At least I didn't notice that many $700 billion federal projects being zeroed out to pay for keeping the investment bankers in their jobs.

The economy is going to get worse and more bailout spending is going to sail through Congress including at least $25 billion to GM, Ford and Chrysler so they can continue building cars no one wants to buy.

Hey! Here's a GREAT idea: Any executive of any company which has received any kind of federal support MUST purchase and drive an American-made car and donate their BMW, Mercedes, Lexus or whatever to the Salvation Army.

There's an 8th Amendment violation if I ever heard one!

The Congress is going to have a very difficult time raising our (read my) in the teeth of a collapsing economy. Even if the Congress did want to raise taxes, it would have to do it in the odd-numbered year (2009) because no Member wants to go into the election year (2010) being tagged as a "TAX-AND-SPEND 'L' word."

In the odd, ironic world in which we find ourselves, the need for Pelosi and Reid to pay off the AFL-CIO generally and the UAW in particular is likely to make it impossible for them - for purely political reasons - to get a tax increase through the House and Senate anytime in the near future.

So you can stop looking for that beachfront property in New Zealand.

1 2
| Full Article & Comments | < Previous
Share:
Forward Print Single Page
Vote on It:
Average Vote:
 
About The Author

Rich Galen has been a press secretary to Dan Quayle and Newt Gingrich. Rich Galen currently works as a journalist and writes at Mullings.com

Be the first to read Rich Galen's column. Sign up today and receive Townhall.com delivered each morning to your inbox.

Join The Debate!

Post Your Comment
(20 comments so Far)
View in ascending order     View in descending order
Reply # 1
Date: Nov 11, 2008 - 11:10 PM EST
Can Someone Help Me Understand?
I’m not a rocket scientist, nor do I profess to be an economist, but I’m not stupid either. Can some one tell me what is going on? Is it just pure greed on someone’s part or something else? Even an embezzler knows that the chickens come home to roost sooner or later.

I feel like we’re being duped.
Look at the gas prices. What’s gas doing at $1.85 per gallon when it was $4.10 three or four weeks ago? It’s the cheapest it’s been in almost 8 years.
When I moved to Tennessee in 2000, it was $1.79.
These high gas prices have directly contributed to a lot of people getting into financial difficulty.
Congress has refused to drill or do anything to relieve it.

Look at the loan crisis. You mean to tell me that they couldn’t see this coming. What do we pay these people for?

This blame game is not flying with me.

Numbers do not lie. Despite the enormous debt of trillions because of reckless spending, the Bush economy has been strong. It was strong until 6 weeks before the election.

We have had record low unemployment, record high stock market gains in this administration, mainly because of the tax cuts. Revenue has been rolling in, but rolling out the back door.

If we had not have had a war on two fronts, Bush would have been haled as a financial wizard.

I hate to feel like someone is manipulating me, but that’s the way I feel.

And now it looks like I ain’t going to get my welfare check.
Dog gone!
Flag as Offensive

Reply # 2
Date: Nov 11, 2008 - 9:40 PM EST
AUTO BAILOUT
i think that the bailout for the american auto industry should be done by their unions not by the american people. it's the unions that made our industry non competitive so it's they who should pay. the union bosses all have lots and lots of money, i know when i belonged to a union all that happened was that i got a smaller check than what was promised-so called union dues which amounted to another tax for nothing. go out of business and lets go on!
Flag as Offensive
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
 *
State:
 *
Zip:
 *
Phone:
       
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.