It’s in vogue for Republicans to say the 2010 mid-term elections are going to be a repeat of the 1994 Republican Revolution, when the GOP enjoyed whirring electoral successes in all levels of government, taking control of Congress for the first time in 40 years. The parallels between 1994 and 2010 are, after all, striking: health care reform that sits in Americans’ stomachs like a gallon of month-old milk; economic “recovery” packages with non-existent results; and a Democratic president with approval ratings that make even his opponents take pity on him.
Critics of the Republican Revolution would be remiss not to agree that 2010 may hold some stark similarities to that fateful November in 1994. Liberals like to say the 1994 elections were manipulated by a small cadre of undercover conservative operatives. Today, that cadre has morphed into a massive, nationwide tea party movement that makes Obama-maniacs look like pansies. If backroom conservatives hijacked the 1994 election, 2010 will be influenced by limited-government activists whose main trademark is that they’re not in a backroom. …
It’s possible that 2010 could be the perfect set-up for the GOP to retake the White House and rebuild strong majorities in both houses of Congress in 2012. But they’re not going to do it if they don’t get their game plan together or if the game plan doesn’t include the tea party movement that has swept the country.
If the Republicans don’t stick to small-government principles, the tea partiers—who are not allied with either side of the aisle—will work to throw them out on their ears, too.
The failure of the stimulus should come as no surprise. The first stimulus, a far more modest $150 billion under Bush in the form of tax rebates in 2008, did virtually nothing for the economy.
Japan’s economy couldn’t take any more stimulating after numerous Keynesian measures further devastated an already weak economy in the 1990s, spending a total of almost $1 trillion after various versions of stimulus initiatives. The final $70 billion stimulus in 1999 brought that country’s debt of to 128 percent of its GDP.
That should leave us wondering how bad things might get before the president—or voters—seek a change of course.
“It’s fiscal child abuse,” said Chris Edwards of the Cato Institute. “This is something that needed more attention. Even if you create some jobs with it now, you are going to damage or destroy that many jobs down the road when the government has to raise taxes to pay down that debt. At best, we’re benefiting a little bit now for damage to future generations. We’re making a moral judgment here that our consumption right now is worth more than the incomes of young people down the road.”
To get an idea of what life is like in today’s urban America and how leftist big-government policies continue to deteriorate once great cities, look at Ground Zero of inner-city decline: Detroit, Mich. The city that was once one of the wealthiest in the country now stands as a shell of its former self, decrepit and offering a surreal picture of urban decline more reminiscent of a war-torn landscape than one of America’s largest urban centers.
In its prime, Motown was one of the greatest cities in the world. As the birthplace of the American automotive industry, Detroit boasted large factories that shipped American cars to locations around the world. The city’s downtown was dotted with architectural gems and bustling social scenes. By the 1950s, the city’s success garnered the nation’s highest median incomes for Detroit workers, and Detroit families enjoyed the highest homeownership rates of any major American city.
However, for the last half-century, Detroit has been governed by liberal progressives, and today, the city landscape resembles a war zone: crumbling buildings decorated with tag graffiti; children roaming desolate streets; wide stretches of land where once whole neighborhoods stood now sitting vacant as overgrown “urban prairies”; men—young and old—loitering around street corners and liquor stores; and more and more young teenage girls taking on the duties of motherhood. The city’s population pool has drained by more than 50 percent and average home prices have plummeted to an average of just $6,000.
*Rep. Joe “You Lie” Wilson gets to the truth about the Obama agenda.
*Targeting Harry Reid: Danny Tarkanian wants to send the majority leader packing.
*S.E. Cupp urges liberals to check out NASCAR and learn something about America.
*Will Smith goes gaga for Obama.
*Voters tell California where to go.
*Hell in Haiti.
*Letter-writers urge throwing out every single member of Congress.
*Mary Katharine Ham points out the Obama phonies.
*Bush blamed for Hollywood’s lousy movies.
*What’s at stake in the battle over financial reform.
*Lefty Bill Press gets slapped down.
*An NPR reporter gets read the riot act for appearing on Fox News
. . . And more.
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed | Mike Shedlock