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
Wednesday, October 17, 2001
Walter E. Williams :: Townhall.com Columnist
Vultures and looters gather
by Walter E. Williams
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?


Vultures and looters can always be expected in the wake of tragedies; they take advantage of increased opportunities to steal. Looters were arrested in New York -- caught stealing from shops in the rubble of the World Trade Center. The losses caused by these vultures pale in comparison to Washington-created legalized looting opportunities in the aftermath of the terrorist attack. The airlines industry quickly descended on Congress demanding a $15 billion bailout. Congress caved in. The bailout won't do anything for airline passengers; the beneficiaries are airline creditors and stockholders. Through the bailout, Congress has transferred what is legitimately their risks to the American taxpayer. Airlines managed this feat through an extremely powerful lobby that included wives of congressmen. When Congress caves to legalized looting, you can count on hoards of other people seeking their share of the recently created looting opportunities. Dr. Ron Utt discusses some of these people in his paper published by the Heritage Foundation titled, "Lobbyist Use Tragedy to Raid American Taxpayers." Dr. Utt first quotes H.L. Mencken, writing some 60 years ago in the Baltimore Sun that "government is a broker in pillage, and every election is a sort of advanced auction of stolen goods." Is that too cynical? Dr. Utt reports that the steel industry was in there early with renewed calls for import restrictions on less costly foreign steel. A senator from a steel-producing state declared, "Without steel, we cannot guarantee our national security. Without steel, we cannot build from our tragedy." The senator didn't explain how higher-priced steel that would result from import restrictions would help "build from our tragedy." Then comes the American Bus Association (ABA) claiming that the "U.S. motorcoach industry is in the midst of an economic crisis." ABA is asking Congress for cash handouts, low-interest loans, tax credits, and federal fuel tax repeal. American Society of Travel Agents tell Congress they need $4 billion in grants and low-interest loans. The agriculture industry, a perennial federal trough feeder, sees possible victory for a $167 billion farm bill that was headed for defeat. Farm supporters beef up their handout claim, making the childish assertion that "terrorist attacks have bolstered the argument that food production is vital to the national interest." Dr. Utt says that as egregious as these appeals are, they pale in comparison to appeals by Amtrak. Amtrak officials are asking Congress for a $3 billion emergency cash infusion, while Amtrak's annual revenues total only $2 billion. The National Association of Railroad Passengers (NARP), an Amtrak support group, calls for Congress in the wake of the terrorist attack to enact a $19 billion High Speed Rail Reinvestment Act of 2001. One senator proposed giving Amtrak $37 billion, and a congressman proposed $70 billion in loans and grants for rail infrastructure. By the way, Amtrak already has a new "high-speed" train service that, because of congestion and poor track quality, averages 66 mph between New York and Boston -- the speed most cars travel on Interstate 95. We Americans are a generous people and have voluntarily given close to a billion dollars to victims of the terrorist attack. The Red Cross alone has raised enough money to give every victim's family a $30,000 cash grant. That's true compassion when people are willing to reach into their own pockets to help others. What Congress is doing and being asked to do for various businesses is not compassion at all; it's reaching into the pockets of others, and there is a name for that -- theft. In some ways, I prefer New York's illegal looters. They take property and then take off. Politicians take property and then stand there and bore us with the whys and wherefores of why we should be happy about it.
Share:
Forward Print Single Page
Vote on It:
Average Vote:
 
About The Author
Dr. Williams serves on the faculty of George Mason University as John M. Olin Distinguished Professor of Economics and is the author of More Liberty Means Less Government: Our Founders Knew This Well.
 
TOWNHALL DAILY: Be the first to read Walter Williams' column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.

Join The Debate!

Post Your Comment
(0 comments so Far)
View in ascending order     View in descending order
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.