Here’s one of the main reasons that we, the people, are not represented by the Republican Party. The Washington Post writes that Cantor’s loss in Virginia is bad for “big business”.
Of course, we’d already known of that linkage for years. GOP Establishment freshman Senator, Jeff Flake, was a lobbyist before he ran for office. But for those to whom it was unknown, the US Chamber of Commerce’s recent statement of its intent to fight the Tea Party removed all doubt.
So what is the GOP’s excuse for the bailouts and pandering to “big businesses”? One thing they tell us is that they are “too big to fail”. Is that true? I don’t think so. The nation’s largest employers are small businesses, not big ones. Putting even that aside, why was it that the big businesses, so important to the GOP it seems, were set to fail in the first place? Why do most businesses fail? It’s because they are poorly managed or that their products are no longer in demand for one reason or another. It could be that their products have become too expensive relative to alternatives, that they have failed to maintain necessary quality or that they have simply become obsolete. It’s usually the activities of much smaller businesses which make products of big businesses obsolete. Heard of Kodak lately? Digital Equipment Corp.? They were great companies for years, but their products were made obsolete by many smaller companies. In fact, most innovation comes from smaller companies. Thus, when the GOP or government in general uses our money to keep failing “big businesses” alive, are they doing us any favors, I mean, apart from the fact that our policy concerns were thrown out the window in order to pacify the big businesses? In so doing, they’re in effect choosing to keep dying dinosaurs alive while hurting others in similar industries which are well-managed and have good products. When they let the small businesses wither to save the big ones, they’re killing innovation and efficiency. Every “big business” was first a small one. Then of course there’s the generally felt resulting effect of higher taxation/increased borrowing to cover the bailouts, which diminishes the available income to purchase anything that any of the nation’s businesses produce.
Just as the Democrats did with real estate financing back in the Clinton years and continue to do now, Republicans in congress are using the power we give to them to tinker in the business community. They intervene in those areas of business they do not understand to achieve a political result, not an economic result. The political result is donations and cooperation with statist political aims. I don’t recall reading anything in the constitution which gave them that authority. “Regulating commerce” was meant to create conditions within the nation such that commerce could flourish. It did not mean that it was up to the senate to direct, manage or otherwise interfere with that commerce. The founders’ “regulate” came from the Latin “Regulare”, meaning “to make regular” – not to direct or rule! Once again, we have those we conservatives have put into office (they simply would never have been elected without our votes) only to see them behave as Democrats.
We have to separate Washington from business and commerce. Regarding the Clinton administration interference with real estate, when it all came crashing down, two of those people who were largely responsible for the failure, Dodd and Frank, were front and center claiming to be our salvation! Yes, those who told us not to worry, those loans were all good, professed now to be the solution to the problem and by the way, all along, it was just "greedy bankers" who were at the bottom of it all! The result was the Dodd-Frank legislation, which along with Sarbanes-Oxley, needs to be repealed every bit as much as Obamacare needs to be repealed. Speaking of the latter, has anyone heard lately any of the Establishment GOP telling us that we need to repeal the Affordable Care Act?
So ask yourself, who do these Republicans represent? As conservatives, we are the majority of registered Republican voters. We elect these people and put them in office, for without us, they wouldn’t stand a chance. Are they representing you? Which of those you favor for office are discussing the need for this separation?
June 12, 2014