Reassessing Ronald Reagan's "Government Is The Problem" Declaration

Ronald Reagan, in his first inaugural address, famously declared that "government is not the solution to our problem; government is the problem." Twenty-eight years later, in the midst of the worst economic crisis since the Great Depression, Reagan's conservative anti-government philosophy of governance and his call for deregulation on all fronts must be critically reassessed. (Video - Speaker Nancy Pelosi 9/29 on the conservative anti-government approach to governance. This is the speech that so offended Republican House members that they felt compelled to voted against Pres. Bush's financial bailout.)

McCain has often quoted Reagan saying, "government is not the solution, it is the problem" and "I'm fundamentally a deregulator." Does McCain Still Agree with Reagan that Government is the Problem? The 2008 candidates' view of the role of government should be one of the central questions during the last few weeks of the campaign. This and other questions on their philosophy of governance should be put to the presidential and vice presidential candidates during their next debate:

"Senator McCain, given the part deregulation has played in the current economic crisis and your support of a massive government bailout of the financial industry, are you now ready to reassess your support of legislation that deregulated the banking system and financial industry?"

"Senator Obama, given the part deregulation played in the current economic crisis would you support eliminating the Enron-Loophole legislation and support restoring the 1933 Glass-Steagall Act, the 1956 Bank Holding Company Act, the 1968 Truth In Lending Act and other financial system regulatory legislation that John McCain has actively sought to eliminate during his time in Congress?"

Similarly, other candidates who will appear on Collin County ballots should be question whether they firmly accept or now question Pres. Reagan's anti-government and anti-regulation philosophy of governance. Conservatives like Republican incumbent for the U.S. 3rd Texas Congressional District, Sam Johnson, age 78, Republican incumbent for the U.S. 4th Texas Congressional District, Ralph Hall, age 85, and Republican incumbent Senator John Cornyn have all joined Republican presidential candidate Senator John McCain, in an avid push to fully deregulate the American financial system and return it to a 1920s-era environment. Johnson, Hall and Cornyn should be asked if they are ready to reassess their votes to deregulate the banking system and financial industry or do they continue to favor yet more deregulation.

Rick Noriega, the Democratic Candidate running for the U.S. Senate seat to replace incumbent John Cornyn, Tom Daley, the Democratic Candidate running for the U.S. House of Representatives 3rd Congressional District seat to replace incumbent Sam Johnson, and Glenn Melançon the Democratic Candidate running for the U.S. House of Representatives 4th Congressional District seat to replace incumbent Ralph Moody Hall each state in their campaign literature that they believe Republican deregulation has gone too far and some regulatory oversight should be restored.

Related postings:
McCain Advocates Deregulating Health Care
Republicans Spending Borrowed Money Worse Than Drunken Sailors
Obama's Economic Blueprint for Change
Joe Biden On The Economy
Republican Deregulation To Cost Taxpayers $1.5 Trillion
A New "New Deal" For America
A Republican Legacy To America

Rick Noriega Wins ActBlue's Blue America Contest

Rick Noriega, the Democratic nominee to replace Bush enabler John Cornyn for the U.S. Senate seat for Texas, this weekend won the Blue America Senate contest with 947 donors who contributed $20,500.

On Sunday I attended the "Vote Democratic to Fix Our Future" dinner hosted by the Texas Democratic Women of Collin County where Col. Noriega was one of the speakers. In his remarks about the financial mess George Bush, John McCain the Republican Party have given American taxpayers Noriega said, “I am outraged that taxpayers are having to foot the $700 billion bill to clean up the mess made by greedy Wall Street investors and mortgage lenders. This is what happens when John Cornyn takes nearly $1.5 million from the perpetrators of the crisis, spends six years championing an anything goes culture on Wall Street, and abdicates his duty to protect Texans from Wall Street greed. Cornyn’s special interest record is something Texans have come to expect but can no longer afford."

John Cornyn has new campaign ad out where he says, "No one is happy with the way things are being done in Washington" and America needs real change. Senator Cornyn is right, we do need real change - Texans need to change the political leaders who have taken America down the wrong road for the last eight years.

Cafferty: If Palin "Doesn't Scare The Hell Out Of You, It Should"

"If John McCain wins, this woman will be one 72-year-old's heartbeat away from being president of the United States, and if that doesn't scare the hell out of you, it should," CNN's Jack Cafferty said.

National Review's Kathleen Parker writes that the hockey mom / Governor Palin actually might not be ready to be a heartbeat from the presidency.

Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who Is Clearly Out Of Her League.

No one hates saying that more than I do. Like so many women, I’ve been pulling for Palin, wishing her the best, hoping she will perform brilliantly. I’ve also noticed that I watch her interviews with the held breath of an anxious parent, my finger poised over the mute button in case it gets too painful. Unfortunately, it often does. My cringe reflex is exhausted.

In her column on the conservative magazine's Web site Friday, Parker notes Palin's life story sets her apart from traditional feminists, but she realizes that those superficialities alone aren't enough to prepare her for the White House. Unfortunately, as Palin's recent appearances reveal, she doesn't have much else to offer.

Indeed, no presidential nominee of either party in the last century has seemed so willing to endanger the country's security as McCain in his reckless choice of such an unqualified running mate. McCain is 72 years old; has had four melanomas, a particularly voracious form of cancer; and he refuses to release his complete medical records.

Bush Risks Wrath of Main Street To Save Banks

The Independent UK
Friday, 26 September 2008

A fictional scenario of financial collapse could not improve on the perfect storm that is battering the US economy. The crisis has been a decade or more in the making, but the hurricane has struck with its full fury at the worst imaginable moment.

The least trusted and most unpopular president in the country's modern history is serving his final months, his credibility and moral authority close to zero as he tackles a disaster partly, at least, of his own making. In the partisan heat of the campaign to replace him, politics cannot but intrude on the most sober judgment.

Proof of that came last night when, after a bailout deal seemed close, Republican Congressmen rebelled – against a measure urged by a Republican president. Suspicions were rife that their resistance was largely aimed at giving cover to John McCain, who had rushed back to Washington only for an outline agreement to be reached without him.

Read the rest of the story