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Archive for May 6th, 2012

Today’s a big day in European politics. French voters are going to the polls to decide the fate of Nicolas Sarkozy, the socialist incumbent. I’ve endorsed Francois Hollande, the Socialist challenger, so I’m curious to see what will happen.

The more important contest, though, is in Greece. Voters are electing a new Parliament, and it will be interesting to see whether the two establishment parties (both of which are statist, of course) hold on to power.

The looters and moochers that comprise the Greek electorate are in a pissy mood and may opt for various protest parties.

That’s not too surprising, but the press coverage of the election is a bit surreal.

An article in the EU Observer is entitled “Greek elections to usher in anti-bail-out parties,” and the opening paragraph echoes this title, implying that Greek voters don’t like bailouts.

 Greece’s two main parties are set for heavy losses in Sunday’s (6 May) elections, with anti-bail-out groups on the extreme left and right to enter parliament for the first time, raising again the prospect of an exit from the eurozone.

There’s just one tiny problem with the both the title of the first paragraph. Contrary to what’s written, the new political parties are pro-bailout. They are quite happy to mooch off German taxpayers, American taxpayers, and anyone else who is stupid enough to send money (after all, somebody has to finance critical functions of government, such as collecting stool samples from people who want to set up online companies and subsidizing pedophiles).

What gets them upset is the notion that they should do anything in exchange for these handouts. Perish the thought!

If the media had any brains (I don’t think this is a case of ideological bias), they would change the title from “Greek elections to usher in anti-bail-out parties” to “Greek elections to usher in anti-conditionality parties.” Or something like that.

I actually hope these anti-conditionality parties prevail. Because if they get power and say that they won’t do anything to fix Greece’s budget, maybe the fiscal pyromaniacs at the International Monetary Fund and elsewhere will finally stop the bailouts.

Which is what I said was the right approach way back when the crisis began. So maybe after every other option is exhausted, the right thing will finally happen. Hope springs eternal.

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I shared an amazing video last year featuring Margaret Thatcher exposing the left for wanting to keep the poor destitute if that was the price of hurting the so-called rich.

Deroy Murdock makes similar points in a great column for National Review.

For too many liberals like Obama, “fairness” is not about enriching the modest; it’s about impoverishing the moneyed. Multibillionaire Warren Buffett has energized liberals with his still-unverified claim that his tax rate lags his secretary’s. …Somehow, reducing the secretary’s taxes never came up. Instead liberals demand the so-called Buffett Rule, an instrument for bludgeoning the successful rather than boosting the downtrodden. …Here’s how the Right should challenge the Left: “If you dislike income inequality, lift those with the least. Let’s adopt universal school choice, allow personal Social Security retirement accounts (to democratize long-term capital accumulation), radically reduce or eliminate America’s anti-competitive 35 percent corporate tax (to supercharge businesses), and pass right-to-work laws (so the jobless won’t fester outside closed shops). Let’s build the Keystone Pipeline (to create 20,000 blue-collar positions right now and lower everyone’s energy costs), frack for natural gas, and tame the EPA, OSHA, SEC, and other power-mad bureaucracies, so U.S. companies will stay here, and foreign firms will move in.”

Needless to say, the left will not accept Deroy’s challenge.

Too many of them care about enriching teacher unions, for instance, more than they care about educational opportunity for poor children.

And most leftist leaders would like to impose higher tax rates on success, even if the government collects less revenue.

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