Tag Archives: Greed

Commentary

Who is right about social justice: Glenn Beck or Jim Wallis?

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Here is a Washington post editorial by the executive producer of the Glenn Beck show. (H/T Michelle Malkin)

Social justice is often used as a code word by the left to promote government-controlled redistribution of wealth to favored special interest groups at the expense of other unfavored groups in order to keep the party in power in power. It’s vote buying, essentially, but with the illusion of helping others. And the goal is the equalization of material wealth regardless of personal choices, including moral choices.

Recently, Glenn Beck warned his viewers to beware of churches that push social justice as though it were sanctioned by Christianity somehow.

This is part of the information Glenn revealed in a special TV show about American extremism of the 20th century. In the context of promoting that special, he began talking about how the far left was once again using this terminology to politicize churches. The specific example he named was Rev. Jeremiah Wright.

He told his listeners that if they were in a church that preaches Jeremiah Wright-style social justice, they should leave–or at least get educated on what exactly that means. It took him all of eight seconds to clarify the type of church he was speaking of, but that was long enough for most in the media to end the transcript.

Suddenly, Glenn was accused of attacking the central tenants of the bible, because he supposedly believed that any church that wants to help the poor should be immediately evacuated. This absurd narrative is mainly the product of Rev. Jim Wallis.

To restate the obvious, some simply use the term “social justice” as a substitute for “outreach to the poor.” This is not the kind of “social justice” Glenn was talking about. The fact that this term has been utilized for purposes other than good Christian charity is well documented.

[…]But for Wallis to continue getting attention, he must act as if he believes Glenn is against churches helping the poor. Any honest observer would realize that isn’t the case. Is anyone on earth against charitable outreach to the poor?

Certainly not Glenn.

In his book Arguing With Idiots, Glenn describes helping those less fortunate as an “obligation.” He wrote that capitalism “will inevitably fail if individuals stop caring about the welfare of others.” He just believes the bulk of the help should come from people like you and me, not government bureaucracy. When is the last time you felt charitable on April 15?

[…]Wallis is just as revealing when speaking of his current economic views: “I’m not a liberal, I’m a radical.” Asked if he was calling for the redistribution of wealth across society, he responded: “Absolutely. Without any hesitation. That’s what the gospel is all about.” This is a man that believes an affluent church is no less than “an affront to the gospel” and he’s talking about Glenn being divisive?

I think it’s important to understand just how radical people are when they pass themselves off as Christians, yet have no place for individual charity or the notion of private property, both of which are central in the Bible. I think that Jesus expects us to work in order to have things to share with others, because in that sharing, we can imitate him. The money I earn by the sweat of my brow should not be used by popular people in government to buy votes by subsidizing destructive behaviors, all while blaming me for the behaviors of others.

So I favor capitalism, free markets, private property, the rule of law and voluntary charity by individuals and private organizations – like CHURCHES! To understand what capitalism is, you can watch this lecture entitled “Money, Greed and God: Why Capitalism is the Solution and Not the Problem” by Jay W. Richards, delivered at the Heritage Foundation think tank, and televised by C-SPAN2.

If you can’t see the Richards video, here is an audio lecture by Jay Richards on the “Myths Christians Believe about Wealth and Poverty“. Also, why not check out this series of 4 sermons by Wayne Grudem on the relationship between Christianity and economics? (a PDF outline is here). Here’s a lecture featuring Jay Richards from the libertarian Cato Institute. And you can listen to Ron Nash’s course on Christianity and economics.

More posts from Neil Simpson on Jim Wallis and his Sojourners group:

Related posts

News

First Things reviews Jay Richards’ Money, Greed and God

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Short book review here.

Here’s the full text:

Jay W. Richards channels the spirit of Michael Novak and provides a basic introduction to how and why a Christian can be a capitalist. Because man is made in the image of a creative God, he has the potential to create and multiply wealth. The core components of capitalism—free exchange, limited government, private property—allow this potential better than any alternative system. Although he shows that self-interest is not necessarily selfish, Richards also explains that the market can, in fact, channel selfish actions into positive outcomes. Responding to such critics as Ron Sider and Jim Wallis, Richards argues that the creation of wealth helped by economic freedom and the rule of law provides the best means of raising the poor out of poverty, in contrast to government-based redistribution of wealth or regulations of minimum wage.

Richards also offers critiques of communism, developmental aid to impoverished countries, and global warming, along with an extended argument against the notion that capitalism allows the unchecked depletion of natural resources. Because human beings are creative, Richards reminds us, they are not mere consumers but active producers. In response to charges of consumerism, Richards notes that consumerism comes from gluttony, not from free enterprise itself. The book concludes with a chapter on the workings of the free market as a sign of God’s provident care for sinful man. For those looking to wed faith and economics, the book provides a welcome challenge to reigning orthodoxies.

To understand what capitalism is, you can watch this lecture entitled “Money, Greed and God: Why Capitalism is the Solution and Not the Problem” by Jay W. Richards, delivered at the Heritage Foundation think tank, and televised by C-SPAN2. (Link below)

If you can’t see the Richards video, here is an audio lecture by Jay Richards on the “Myths Christians Believe about Wealth and Poverty“. Also, why not check out this series of 4 sermons by Wayne Grudem on the relationship between Christianity and economics? (a PDF outline is here)

Here’s a lecture with Jay Richards from the libertarian Cato Institute.

UPDATE: From a helpful comment below.

Updated link for video (link in blog results in an error).

http://www.booktv.org/Watch/10489/Money+Greed+and+God+Why+Capitalism+is+the+Solution+and+Not+the+Problem.aspx

News

Republicans want bonuses for Fannie Mae and Freddie Mac CEOs canceled

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Rep. Michele Bachmann

Story here from CNS News.

Excerpt:

Seventy Republican members of Congress want Treasury Secretary Timothy Geithner to cancel up to $6 million in bonuses and deferred compensation — approved before  Christmas 2009 — for the chief executive officers of the failed mortgage giants Fannie Mae and Freddie Mac.

“(T)here’s a letter that’s going to Sec. Geithner from a number of us calling for a rescission of those bonuses,” Rep. Michele Bachmann (R-Minn.) told CNSNews.com Wednesday.

On Christmas Eve, at the same time the Obama administration announced that it was removing any cap on the amount of taxpayer aid to Fannie Mae and Freddie Mac, the failed mortgage giants announced that they had received approval from their financial regulator to pay $42 million in compensation packages to 12 top executives for 2009.

The compensation packages included up to $6 million each to Fannie Mae and Freddie Mac chief executives. For the CEOs, annual compensation consists of a base salary of $900,000, $3.1 million in deferred compensation and incentive pay of as much as $2 million. Public disclosure that the retention bonuses were being copnsidered first surfaced in the Spring.

And naturally my favorite member of Congress was involved:

“(We are pushing) for an ending — an unwinding, if you will — of the U.S. owning Fannie and Freddie. We want out of this sinking business as quickly as we possibly can, and we want to pull the plug on an unlimited taxpayer bailout of Freddie and Fannie,” Bachmann said.

[…]“When Sec. Geithner said that there’d be unlimited taxpayer funding continuing to go into this sinking ship, and then bonuses they’re given?,” she said. “On what basis?  What did they do?  What was the criteria that they could possibly be given a bonus?  The fact that they got unlimited taxpayer money?”

Bachman was referring to Treasury’s announcement that it would send unlimited tax money to Fannie Mae and Freddie Mac, thereby eliminating the current $400 billion cap on emergency aid that Treasury can give without having to come back to Congress for authorization.

Fannie Mae and Freddie Mac are closely tied to Democrats.

Consider this Fox News story.

Excerpt:

Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.

Now remember, he’s only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn’t afford them.

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration’s White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae CEO job.

More here about how the Democrats caused the recession.