Originally Posted by
Modus Ponens
Thomas Sowell is a slick liar. Let's take another look at his dog-and-pony show:
Of course Sowell conveniently neglects to mention the Republican dominance of the Legislature for 3/4 of Bush's presidency. That kills his credibility, right out the gate.
This is mostly a coincidence (and the remainder of it, we shall see, is the responsibility of Republicans). The surplus was a result of Clinton-era tax rates (higher than in the Reagan-Bush years) plus the additional revenues generated by the dot-com boom. Clinton also acted early in his administration to restrain the growth of discretionary spending and to limit the growth of deficits. Indeed, success in these areas, as figures like Alan Greenspan have attested, set the stage for the boom of the latter half of the decade.
Well, this claim is rubbish. Again he takes a hit to his credibility. Has Sowell never heard of the President's annual budget to Congress? Through it, the President's voice in crafting legislation is powerful, if indirect.
You can count the number of bills that Bush vetoed on one hand. The grand total for his first 4 years in office? You know, when there was no Democrat-controlled house of Congress to be found? Zero.
Look at this! This is simply a flat-out lie. Sowell here is speaking of the national debt as a "situation created by" President Obama, when the simple plain fact of the matter is that it has been decades in the making - and by far the lion's share of it has been generated under REPUBLICAN rule!
Mmn-Hmm. That's right, Tom. And pray, just who were those "politicians"? You got it - Gingrich-era Republicans like Phil Gramm. It was in the second half of the Clinton administration that the Republicans took the crucial steps eliminating oversight and conflict-of-interest prohibitions, that resulted immediately - in 2002 and in 2008 - in a wave of Wall Street scandals.
I just love the bait-and-switch that the Cons pull on the Independents. When government is shown to be corrupt or dysfunctional, the Cons will if at all possible pin it on the Democrats: but if they're the one's who are the crooks - even when they're caught dead to rights! - then they turn and rail against "government." Throw in a few charges of class warfare, some Godgunsandgays politics, and the Independents, like sheep go straight back into the voting booth and vote for their corporate masters, again. Have to hand it to you Cons. It's a damn brilliant scam you've got running.
The Democrats are complicit in the mess, it's true. But without the lifting of the prohibitions on risky lending practices in the first place, the banks would not have been issuing the mortgages that Fannie and Freddie ended up serving as surety for. The problem all goes back to Wall Street greed, and their bought and paid for conservative politicians.
And who controlled the House when Bush made this courageous complaint? Looks like Tom has already forgotten the point the started with: that Congress is front-and-center when it comes to responsibility for this current mess.
It'd be good for him to at least start taking his own advice.
And what, exactly did the Republican-controlled Congress try to do - they had twelve years, remember! - about these two sacred cows?!
I love it! Here we are, back to "the politicians," again. But you really can't blame the Cons, when the Independents buy the lies hook, line and sinker.
Sowell is supposed to be smart man, but you see, to be a Con is to check your brain at the door and pick up your credentials as a professional hypocrite.