Historical Perspective On Hope & Change

22 02 2010

What James Madison said about Hope and Change

By Dan Scott

What would the Founding Fathers say about our handling of the country if they were able to comment on the current state of affairs? It is easy to put words in their mouths but fortunately, we have for posterity recorded their words and intents to refer to for clarity in times of need. Some may say that this is a new day and age, therefore what the Founding Fathers had to say is simply not relevant to our current circumstances. Those who say this do so in ignorance of human nature and for self-serving reasons. Humans over the past 5000 years of recorded history may have advanced in terms of knowledge; however, their motivations and emotions are still no different now then they were in the past. It is motivation and emotion that govern human character, not knowledge and the Founding Fathers knew well the passions that influence those in power.

We were warned 200+ years ago against fickle governments. In fact, we were warned that the point of fickleness in government was for the few to gain an advantage at the expense of the many. Here is what James Madison had to say about Hope and Change as espoused by Barack Obama when he said he wanted to remake our society:

Another effect of public instability is the unreasonable advantage it gives to the sagacious, the enterprising, and the moneyed few over the industrious and uniformed mass of the people. Every new regulation concerning commerce or revenue, or in any way affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the few, not for the many…

 

Sound familiar? The GE’s and the Chicago Carbon Exchange’s of the country are more than happy to profit from government mandates regarding such things as wind power or ethanol or solar panels.

…In another point of view, great injury results from an unstable government. The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government? In a word, no great improvement or laudable enterprise can go forward which requires the auspices of a steady system of national policy.

 

Federalist Paper Number 62

Unlike those who currently run this government, business people understand what makes the economy go, it’s called investment in plant and equipment setting the stage for job expansion. The point of all investment in plant and equipment is to use capital to either improve the efficiency of the manufacturing process or reduce the energy used, both of which adds to the bottom line or at least preserves it in the face of rising costs.

Thanks to Obama and liberals in Congress, the economy isn’t adding jobs, it’s shedding jobs because everyone is hunkering down for the next big cost of doing business, i.e. the CO2 foolishness where businesses will have to count CO2 molecules in some yet to be determined manner. Until Obama and the rest of his incompetent advisors tell Pelosi and Reid to drop all this nonsense about tax increases, healthcare expense increases and bar the EPA from regulating CO2, no businessman in his right mind would take the outrageous risk of being saddled with expenses that will in all likelihood far exceed any hope of profit, much less return on investment. We have yet to hear them swear any of these things off. No, they continue to hold on to those things and then offer ridiculous Faustian Bargains of one-time tax breaks if someone would be so foolish as to take the plunge.

The solution on the other hand is clear:

1. Unleash the oil and gas companies to drill domestically, thousands upon thousands of high paying jobs would be created without one red cent of taxpayer funds. Indeed, government coffers would swell from royalties and taxes on new domestic energy production off setting foreign imports.

2. Squash all talk of future tax increases, making permanent the Bush Tax cuts, dispense with the CO2 foolishness and so called healthcare reform – or rather screw up.

3. Lower the tax on businesses if not eliminate them on capital gains and others. All taxes on business are passed on to consumers and the poor who bear that tax burden disproportionately.

4. Repeal the CRA and every agreement that had anything to do with social responsibility based lending, i.e. no more bad loans to people who can’t pay them back.

The effects would be immediate starting with the price of gasoline as shown by just talking about repealing the drilling ban when then President George W Bush signed an executive order to rescind the previous executive orders against drilling off shore. The whole current downward spiral started by meddling in the economy by yours truly then Senator Obama, Pelosi and Reid when they broke their 2006 campaign promises, EVERY LAST ONE OF THEM but especially the one about lowering the price of gas.

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