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George Will explains Obama’s dependency agenda at CPAC 2010

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From Muddling Towards Maturity: George Will’s speech at the 2010 CPAC convention. He is a moderate conservative.

Part 1:

Topics: the conflict of freedom and equality, equal outcomes vs equal opportunities, wealth redistribution vs liberty, dependency on government, public sector vs private sector, cash for clunkers, state capitalism, credit, crony capitalism, subsidizing failure, TARP, profit and loss, risk, incentives, freedom to succeed or fail, cradle to grave welfare, SCHIP, socialized medicing, single payer health care, social security, medicare, vouchers, school choice, public education, public option, choice and competition, inter-state commerce.

Part 2:

Topics: health savings accounts, private property, stewardship and ownership, drug companies, health insurance, dependency agenda, entitlement mentality, lawsuits, trial lawyer lobby, tort reform, personal responsibility, stimulus, public and private sector wages and benefits, union payoffs, income tax, moral hazard, death tax, envy, farm subsidies, bureaucracy, schools vs families.

Here’s the graph he mentions of who pays for taxespays for taxes. High earners pay for everything and the low earners pay for nothing. High earners don’t depend on government but low earners do depend on government.

Part 3:

Topics: crisis as a means to enlarge government, manufacturing a crisis using massive deficits, environmentalism as a manufactured crisis, how bigger government means small individuals with less freedom, structure of american government, the founding fathers, free will, personal responsibility, small government.

By the way, many people are saying that Glenn Beck’s speech was the best of the conference. And you can watch it here at Caffeinated Thoughts. The best part starts at 25:25 minutes in where he explains being broke and turning his life around, and talking about the freedom to fail and personal responsibility.

UPDATE: ECM sent me this article about George Will’s appearance on ABC’s This Week.

Video:

Excerpt:

TERRY MORAN, HOST: There’s a sense that something is broken in Washington summed up this week by Senator Evan Bayh (D-Ind.) who announced his retirement. I think it’s fair to say he’s leaving in disgust. Here’s what he had to say.

SENATOR EVAN BAYH, (D-IND.): I have had a growing conviction that Congress is not operating as it should. There is much too much partisanship, and not enough progress. Too much narrow ideology, and not enough practical problem solving. Even at a time of enormous national challenge, the people’s business is not getting done.

MORAN: Is he right, George?
GEORGE WILL: Well, it’s hard to take a lecture on bipartisanship from a man who voted against the confirmation of Chief Justice Roberts, the confirmation of Justice Alito, the confirmation of Attorney General Ashcroft, the confirmation of Condoleezza Rice as Secretary of State. Far from being a rebel against his Party’s lockstep movement, Mr. Bayh voted for the Detroit bailout, for the stimulus, for the public option in the healthcare bill. I don’t know quite what his complaint is, but, Terry, with metronomic regularity, we go through these moments in Washington where we complain about the government being broken. These moments have one thing in common: The Left is having trouble enacting its agenda. No one when George W. Bush had trouble reforming Social Security said, “Oh, that’s terrible – the government’s broken.”

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.

News

How Obama rewards Democrat special interest groups

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One way to reward your favored special interests is to exempt them from the taxes that everyone else has to pay.

Consider this article from CNS News. (H/T ECM)

Excerpt:

President Barack Obama on Thursday announced a plan to impose a new tax on banks to cover an expected $117 billion shortfall in the Troubled Assets Relief Program (TARP). The tax would apply to 50 financial institutions, which have assets of more than $50 billion, and would constitute a 0.15 percent tax on the TARP liabilities of these institutions.

However, auto companies General Motors and Chrysler, which are not expected to pay back all of their $66 billion of TARP money, will not be subject to the tax. Also exempted from the tax would be mortgage institutions Freddie Mac and Fannie Mae, which are largely responsible for the financial meltdown in 2008.

What do you suppose that businesses do when the government tells them to pay more taxes? Well, they just pass that on to their consumers.

But there’s more.

Consider this article from the Heritage Foundation. (H/T ECM)

Excerpt:

After a long-week of negotiations, unions have won an exemption from the excise tax on high-cost “Cadillac” health insurance plans. The excise tax would fall on health insurance plans that cost more than $8,500 for individuals and $23,00 for families (the union deal reportedly slightly increases these thresholds) starting in 2013. It is one of the many tax hikes proposed by Congress to partially offset the cost of its take over of the health care system.

Obama’s union supporters are getting exempted from another tax that will be paid by non-unionized workers.