Can we call them “Socialists” yet?

January 19, 2012

Harking back to some of the worst excesses of the New Deal, six Democratic members of the House lead by Denis Kucinich (D-UFO) and all but one members of the Congressional Progressive Caucus, have proposed an additional tax on oil companies to be levied when profits rise above “a reasonable level”:

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

The Gas Price Spike Act, H.R. 3784 (PDF), would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding “a reasonable profit.” It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.

The bill would also seem to exclude industry representatives from the board, as it says members “shall have no financial interests in any of the businesses for which reasonable profits are determined by the Board.”

And, of course, “reasonable” would be in the eye of the beholder: in this case, appointees of Barack Obama, renowned class warrior and Socialist. What could go wrong?

Of course, this isn’t about the economic ignorance of the members sponsoring the bill; they’re leftist Democrats, progressives. It’s practically an unwritten law that you have to give up any understanding of basic economics to join that club. The idea that these profits can be returned to shareholders, including pension funds and individual middle-class Americans, many on retirement, via dividends and capital gains is immaterial. And don’t even think of suggesting that these oh so unreasonable profits could be used to expand the business or explore for more oil —or both!— thus creating jobs.

Like I said, to join the club, you have to forswear any economic common sense.

No, this bill, which will never pass the House or even get out of committee, is nothing more than an election year appeal to the worst of Americans populist instincts: class warfare, punishing those “evil” oil companies, and looking for a scapegoat for high gas prices rather than understanding the Law of Supply and Demand. Oh, and already-high federal, state, and local taxes.

It’s all about pandering to people’s frustrations, so they won’t blame the real cause: the radical and against-all-reason natural resources policies of the Democrats and their environmentalist allies that keep us from developing the vast resources we have.

It’s the political equivalent of “Look! It’s Elvis!”

But, let us not forget, it’s also about control and power. These are, after all, progressives, social democrats. Some are full-blown Socialists. It’s their belief that only government can fairly (in their definition, again) distribute wealth. They may not be Marxist, and are thus willing to allow the shareholders to still own their companies, but government has first call on “your” money, to do with what it will. You can keep whatever they decide is reasonable.

Which is why I put “your” in quotes.

In their world, you are not a free citizen with unalienable rights, but a dependent who must wait to see how much of what you earn government will let you keep.

So, while this bill may be a bit of populist red meat that will never pass, it has a very real and very pernicious-to-liberty philosophy behind it.

And it’s another example why the Democrats should never win another election again.

via Jammie Wearing Fool

RELATED: Pirate’s Cove has suggestions for other “reasonable boards.”

(Crossposted at Sister Toldjah)

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Schadenfreude is oh-so sweet

March 21, 2011

For years I had to watch while the Kook Left slammed George W. Bush again and again over Iraq. While that was annoying, it was expected; they aren’t called “moonbats” for nothing. But what made it maddening was the cynical exploitation of said kooks by the Democratic party, the leaders of which put their short-term electoral fortunes ahead of the nation’s interests in a time of war. Foremost among them was one Senator Barack H. Obama, who said:

The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation.

As Commander-in-Chief, the President does have a duty to protect and defend the United States. In instances of self-defense, the President would be within his constitutional authority to act before advising Congress or seeking its consent. History has shown us time and again, however, that military action is most successful when it is authorized and supported by the Legislative branch. It is always preferable to have the informed consent of Congress prior to any military action.

My, how time flies. Just four short years later, and now-President Obama has launched his own war in Libya. Sure, he got the permission of the UN Security Council and the agreement of the international community (all bow), which is all that really matters to a progressive transnationalist, but he forgot that little part about honoring the Constitution and obtaining the “informed consent of Congress.” And that has the moonbats meeping and gibbering in outrage.

I love it:

A hard-core group of liberal House Democrats is questioning the constitutionality of U.S. missile strikes against Libya, with one lawmaker raising the prospect of impeachment during a Democratic Caucus conference call on Saturday.

Reps. Jerrold Nadler (N.Y.), Donna Edwards (Md.), Mike Capuano (Mass.), Dennis Kucinich (Ohio), Maxine Waters (Calif.), Rob Andrews (N.J.), Sheila Jackson Lee (Texas), Barbara Lee (Calif.) and Del. Eleanor Holmes Norton (D.C.) “all strongly raised objections to the constitutionality of the president’s actions” during that call, said two Democratic lawmakers who took part.

Kucinich, who wanted to bring impeachment articles against both former President George W. Bush and Vice President Dick Cheney over Iraq — only to be blocked by his own leadership — asked why the U.S. missile strikes aren’t impeachable offenses.

Kucinich also questioned why Democratic leaders didn’t object when President Barack Obama told them of his plan for American participation in enforcing the Libyan no-fly zone during a White House Situation Room meeting on Friday, sources told POLITICO.

And liberals fumed that Congress hadn’t been formally consulted before the attack and expressed concern that it would lead to a third U.S. war in the Muslim world.

While other Democratic lawmakers have publicly backed Obama — including House Minority Leader Nancy Pelosi (D-Calif.) and top members of the Armed Services, Foreign Affairs and Intelligence committees — the objections from a vocal group of anti-war Democrats on Capitol Hill could become a political problem for Obama, especially if “Operation Odyssey Dawn” fails to topple Libyan leader Muammar Qadhafi, leads to significant American casualties, or provokes a wider conflict in the troubled region of North Africa.

So now the Kook Left*, which the Democratic leadership wielded like a baseball bat to bludgeon Bush, has turned on… the Democratic leadership.

Why yes, I believe I will have another helping of schadenfreude, thanks. It’s delicious!

via Jim Geraghty’s Morning Jolt

*I mean, just look at the names on that list.

(Crossposted at Sister Toldjah)