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Wednesday, September 24, 2008
Terry Jeffrey :: Townhall.com Columnist
The Real Class Conflict in America
by Terry Jeffrey
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You don't have to listen long to politicians in Washington, D.C., to hear the rhetoric of class war. Both major party presidential candidates have used it at times with strategic purpose -- that is, when it advanced their ambitions.

The expanding government bailout of institutions and individuals caught up in the national financial fiasco, however, points to a real class conflict in this country. It is not a conflict that divides Americans by wealth. It is a conflict that divides Americans by character.

First, consider the phony class war -- the one both John McCain and Barack Obama have tried to exploit.

When President Bush in 2001 offered a proposal to cut income-tax rates for everyone who pays income taxes, McCain -- who had lost a bitter primary campaign to Bush the year before and who still desired to become president -- could not bring himself to vote for it.

Bush's proposal cut taxes too much for the rich, McCain argued. His solution: Cast a vote to deny non-rich people a tax cut he decried as too small -- on grounds he was saving them from paying for the rich to get a tax cut that was too big.

"I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle-class Americans who most need tax relief," McCain said on the Senate floor.

In this campaign, Obama has expanded the phony class war by introducing a third group of potential combatants. He now classifies Americans as being either "rich," "middle class" or living in a sort of income-bracket no man's land.

In a forum at the Saddleback Church last month, Pastor Rick Warren asked Obama to define "rich." Obama eventually said: "What I can say is, is that under the approach I'm taking, if you make $150,000 or less, you will see a tax cut. If you're making $250,000 a year or more, you're going to see a modest increase."

What about the Americans making between $150,000.01 and $249,999.99? What will Obama do to their tax bills? How does he want to manipulate them politically? Does he want to make them feel like victims, or does he want to hold them up as economic evil-doers to the worthier -- yet put-upon -- people making a mere $149,999.99 per year?

In real wars, there are unjust aggressors and victims forced to defend themselves. Presumably, if there were a class war in America, the unjust aggressors would be those who wrongfully take money or other things of value from those to whom it rightly belongs. Continued...

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About The Author

Terence P. Jeffrey is the editor-in-chief of CNSNews

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American Woman, Robin, Audi
I agree with Audi on this one. If the consequences do not hit and hurt, it is extremely unlikely our country will learn the lesson, and we'll be here again faster than we think.

People need to see they can survive and recover without government intervention. If the government intervenes those wobbly on anti-government intervention convictions might be pulled to the Dark Side and they'll be convinced it was the only possible solution and they'll find a way to give the government more of MY freedoms next time pain is anticipated.

Houses are LONG TERM investments. Too many people are watching episodes of Flip that House. Everyone expects substantial amounts of equity in a few years rather than looking at the long term norms. People now expect to be able to sell their homes at a drop if the hat no matter what's going on in the market. That's the EXCEPTION not the NORM. If you buy a house wanting to be able to dump it in the near future, you are GAMBLING your financial stability.

I am so tired of those wanting a loan for more house than they could afford with no down payment being portrayed as victims.

In 2001 we did the math and figured out what we could actually afford on ONE income while putting 20% down. THEN went to get pre-approved for a loan. Here's the word for word interaction with me and the 20 something lending agent.

Lending agent: " This is all the loan you want!? You can afford DOUBLE this loan!"

Homeschool Mom: "No, we can GET double this loan, that does not mean we can AFFORD double this loan. There is a world of difference between the two."

Then we told the sales person exactly what we could afford and that we were unwilling to look at any home above that.

Atlas ....paging Atlas...
Don't you wish Ayn Rand had lived to see this?

Stand back, I say, and let it crash. Up from the ruins will spring new and vigorous reality bereft of all the baggage ... and the people who get hurt by it are the people who really need a good kick in the head by Reality, so they can learn that what goes up DOES go down, and sometimes in the same lifetime. After all, the Berlin Wall went up when I was young AND down while I was still in vigorous middle age. And if that can happen, anything can happen.

Daddy used to call it the School of Hard Knocks. I think it's past time for School to be in session.
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