ROSKAM DISSATISFIED WITH FISCAL POLICY
The title of last Wednesday's article (in Glen Ellyn News, February 25, 2009) on Congressman Peter Roskam's economic views might lead one to think he finally understands how the fiscal policies of the last eight years of Republican rule have put America into the economic collapse we new endure.
But no, the Congressman wants us to essentially return to those policies of enormous tax cuts for the wealthy and let the marketplace unravel the mess it got us into, with a great assist from the Bush administration, in the first place.
The free market failed because those in charge, including Roskam, allowed sensible and sane regulation be swept aside so economic pyramid schemes like fraudulent mortgages and indecipherable financial instruments could destroy our critical credit system, while companies were allowed, even encouraged, to outsource American jobs to pump up the bottom line and the stock market.
Roskam's iconoclastic economic philosophy prevents him from recognizing his and its role in the collapse of our economy occurring right before our eyes. His support of two senseless and self destructive wars costing four hundred millions of dollars daily adds further fuel to our economic funeral pyre.
In fact, the Obama stimulus package may be insufficient to fully jump start our economy precisely due to his willingness to water it down with Republican demands for additions and subtractions. This magnamomous effort at true bi-partisanship resulted in zero Republican votes in the House and just three in the Senate, albeit, enough to prevent a filibuster and guarantee passage.
The Congressman should also realize the election is over and electioneering hyperbole must end. His statements such as asserting Obama "got rolled" and that the Democrats are "running roughshod over our ideas because they have an R at the end of the name" do not move the debate on our economic salvation one iota.
Originally published on Jerry Moore's blog Suburban Shoutout at http://www.mysuburbanlife.com/ March 2, 2009
But no, the Congressman wants us to essentially return to those policies of enormous tax cuts for the wealthy and let the marketplace unravel the mess it got us into, with a great assist from the Bush administration, in the first place.
The free market failed because those in charge, including Roskam, allowed sensible and sane regulation be swept aside so economic pyramid schemes like fraudulent mortgages and indecipherable financial instruments could destroy our critical credit system, while companies were allowed, even encouraged, to outsource American jobs to pump up the bottom line and the stock market.
Roskam's iconoclastic economic philosophy prevents him from recognizing his and its role in the collapse of our economy occurring right before our eyes. His support of two senseless and self destructive wars costing four hundred millions of dollars daily adds further fuel to our economic funeral pyre.
In fact, the Obama stimulus package may be insufficient to fully jump start our economy precisely due to his willingness to water it down with Republican demands for additions and subtractions. This magnamomous effort at true bi-partisanship resulted in zero Republican votes in the House and just three in the Senate, albeit, enough to prevent a filibuster and guarantee passage.
The Congressman should also realize the election is over and electioneering hyperbole must end. His statements such as asserting Obama "got rolled" and that the Democrats are "running roughshod over our ideas because they have an R at the end of the name" do not move the debate on our economic salvation one iota.
Originally published on Jerry Moore's blog Suburban Shoutout at http://www.mysuburbanlife.com/ March 2, 2009
posted by Walt Zlotow at 6:40 PM
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