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Cheap Political Theater (Thomas Sowell)
Jewish World Review ^ | March 24, 2009 | Thomas Sowell

Posted on 03/23/2009 6:57:21 PM PDT by jazusamo

Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time.

Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses— which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them.

Whatever the political or economic issues involved, this is not the way such issues should be resolved in America. We are not yet a banana republic, though that is the direction in which some of our politicians are taking us— especially those politicians who make a lot of noise about "compassion" and "social justice."

What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

(Excerpt) Read more at jewishworldreview.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Front Page News; Government
KEYWORDS: 111th; aig; bonus; democratbrownshirts; democratcongress; democrats; dodd; frank; sowell; thomassowell
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To: jazusamo
Thank you for the ping, jazusamo.

It was once upon a time in America we voted into office the "best" representative (we thought) of "WE, THE PEOPLE".

The American left thinks America is arrogant, brutish, and evil. And so, the people who think this of America have voted into office the people they think best represents this view of their own. And so it is. We have low-lifes with a gangster mentality sitting in elected office.

Some of the voters think this is GREAT! That now the uber "real" America is being represented to the world.

D-Frank and D-Dodd stridently, vigorously legislated for the confiscation of wealth by their constituents, and are now tribally hacking away at the very corporations the D's set-up to perform this confiscation of wealth. The D's are cutting out the middle-men, played as stooges by the D's.

This is Main Street Thuggery. And those of a low-level education and certain other cranial and spiritual limitations see this as a Victory for them. What they don't see? They are also considered usable, malleable blobs of worthless tissues by the very same "playahs".

the sheep look up. And Rev Wright et al applaud.

The American Congress is beginning to resemble Africa's turmoil.

51 posted on 03/24/2009 2:52:28 AM PDT by Alia
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To: Darkwolf377
Who is Barney Frank that he has such authority?

All joking and insults aside, is he such an incredible expert on these matters that he should be tossing around his considerable weight on these subjects?

Sowell explains it perfectly:
Just as everyone seemed to be a military expert a couple of years ago, when it was chic to say that the "surge" in Iraq would not work, so today everyone seems to be an expert on executive pay.

52 posted on 03/24/2009 3:01:50 AM PDT by conservatism_IS_compassion (The conceit of journalistic objectivity is profoundly subversive of democratic principle.)
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To: jazusamo
Thanks for the ping to a fine article. You wouldn't think that there was anything left to say about this fiasco, but Sowell manages to provide a few nuggets:
Just as everyone seemed to be a military expert a couple of years ago, when it was chic to say that the "surge" in Iraq would not work, so today everyone seems to be an expert on executive pay.

The real point is to pander to envy and resentment against people who make a lot of money. Envy is always referred to by its political alias, "social justice." But to put the lives of the wives and children of executives at risk for the sake of Beltway grandstanding shows how low our political saviors have sunk.

Speaking of demagogues distracting people into mob action against arbitrarily chosen targets puts me in mind of the dystopian short story, The Lottery, by Shirley Jackson. Which I had to read in college half a century ago - and only in recent years ever connected to left wing politics. But then, Alinsky rule #12 amounts to that very thing.
53 posted on 03/24/2009 3:29:59 AM PDT by conservatism_IS_compassion (The conceit of journalistic objectivity is profoundly subversive of democratic principle.)
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To: cookiedough
I wonder what he thinks we should do about it. I wish he would write about that. I feel helpless.

I'm thinking of Belize myself. Of course my family thinks I'm nuts and do not support this but as the crisis deepens, one must make plans whether to weather the storm or cut and run.

54 posted on 03/24/2009 3:54:22 AM PDT by BipolarBob (When do we call Obama "Dear Leader" and learn the new salute?)
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To: BipolarBob

Belize is my husband’s choice too.


55 posted on 03/24/2009 4:31:23 AM PDT by tsmith130 (If I had wanted him to succeed, I would have voted for him. I didn't...so I don't.)
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To: jazusamo

Who will bell the Queeah?


56 posted on 03/24/2009 4:34:17 AM PDT by bert (K.E. N.P. +12 . John Galt hell !...... where is Francisco dÂ’Anconia)
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To: DB

Changing the way you see things can also change your reality. You can create your own rules for changing your reality.


57 posted on 03/24/2009 4:41:04 AM PDT by hari011
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To: jazusamo
We are not yet a banana republic,

Presently, we are only trying to imitate one. As the imitation becomes more practiced and intense it will become the real thing and we will know that we have "arrived."

58 posted on 03/24/2009 5:18:39 AM PDT by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: Darkwolf377

59 posted on 03/24/2009 7:13:36 AM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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To: ding_dong_daddy_from_dumas
So, true.

And as far as the bonus sideshow.

"It’s a farce -- a sham."

It's like toddlers fighting over a sugar packet in the parlor, while Snidely Whiplash sneaks out the back with a 50lb sack of Sugar that was supposed to last the family all winter.

60 posted on 03/24/2009 10:23:30 AM PDT by norraad ("What light!">Blues Brothers)
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To: Darkwolf377

Thanks again...Yes it was Moses and if I’d have read much or paid attention I wouldn’t have forgotten. It’s astonishing how Frank has the guts to sit up there on that Committee and preach to or grill anyone!


61 posted on 03/24/2009 10:42:25 AM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: DB

Sadly I have to agree. Even many Dems of the past wouldn’t have stood for this, it wasn’t too many years ago that most in Congress had at least some regard for our country.


62 posted on 03/24/2009 10:46:15 AM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: Alia
This is Main Street Thuggery.

The American Congress is beginning to resemble Africa's turmoil.

Well said and it's sickening this is happening in our great country. The patriots must unite and turn this around before it's too late.

63 posted on 03/24/2009 10:52:30 AM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: conservatism_IS_compassion

My pleasure and this was an especially good piece by Dr. Sowell. I appreciate the links and will take advantage of them when I get caught up.


64 posted on 03/24/2009 10:57:22 AM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo
For me, this is the money line.

If members of Congress can't be bothered to read the laws they pass, then they have no basis for whipping up lynch mob outrage against people who did read the law and acted within the law.

It truly is a case of our country being great in spite of, and not because of, our elected officials.

65 posted on 03/24/2009 12:08:21 PM PDT by Sergio (If a tree fell on a mime in the forest, would he make a sound?)
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To: Sergio

I agree, Sergio. It reflects the sacifice of the many that care greatly about our fine country, the many that take up the slack for those that don’t.


66 posted on 03/24/2009 12:29:15 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: repubpub
" Just who in MA keeps punching his chad to get him elected into office time after time?"

The oak-tree seed.

67 posted on 03/24/2009 12:54:42 PM PDT by TheOldLady
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To: jazusamo
I wonder if we might interpret the bonus "scandal" by making the following substitutions:

1. For "AIG Executive Bonuses" read "Reichstags fire."

2. For the bonus recipients, substitute "Marinus van der Lubbe" (the dutch communist framed for the arson)

3. For the busloads of Acorn activists being transported around to hold "boisterous" (i.e., borderline violent) demonstrations at AIG offices, substitute Sturmabteilung (aka the SA).

Any one see the resemblance?

BTW - If the analogy holds, Acorn members might want to read up on the events of June 30 to July 2, 1934 -- the period also known as The Night of the Long Knives.

68 posted on 03/24/2009 9:10:01 PM PDT by NJ_Tom (Who ever though that Kenya would be the next nuclear power?)
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To: NJ_Tom

I hear you and if Acorn people can read they should think long and hard about it.


69 posted on 03/24/2009 9:23:42 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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