Schansberg encourages Hill to stand firm against bail-out
Schansberg encourages Hill to stand firm against bail-out
Dr. Eric Schansberg, an economics professor and the Libertarian candidate for the U.S. Congress in Indiana’s 9th District, responded to the House defeat of the proposed $700 billion bail-out in the financial sector—and praised Rep. Baron Hill for voting against it.
Asked about Hill’s vote, Dr. Schansberg said, “It’s clear that Baron is not categorically opposed to another bail-out. And he’s not a fiscal conservative by any objective measure. So, I don’t know the reasons for his vote today. Maybe it’s the right vote for the wrong reasons. In any case, I’m thankful that he took a stand today for fiscal conservatism. Hopefully, he’ll continue to have a strong enough spine to hold that position.”
On fiscal conservatism in general and the bail-out in particular, Schansberg said: “At some point, we have to rely on markets again. And we can’t afford to borrow money to bail out industries and try to artificially boost the economy. All of our spending and debt threatens to devalue our dollar further and drive our economy into a ditch.”
On potential policy changes, Schansberg applauded Mike Sodrel’s proposal to suspend the capital gains tax and to revisit “mark-to-market” accounting rules: “From what I’ve read, ‘mark-to-market’ accounting rules are the most underrated cause of the current problems. Certainly, the sub-prime mortgage mess and government involvement in Fannie Mae and Freddie Mac are at the top of that list. But ‘mark-to-market’ combined with aspects of Sarbanes-Oxley seems to be a major contributor.”
1.) I agree that Mike is good at talking about “fiscal conservatism”. But as Baron illustrates on other issues (pro-life, drilling for oil), talk is not enough. The data from NTU, CFB and CAGW are clear that Mike voted like a fiscal moderate. If he had voted like a fiscal conservative– and this was not such an important issue right now– I’d be spending more time with my wife and kids (and quite happy to do so).
2.) My opposition to Planned Parenthood funding is not only counter to Mike’s voting record, but may be the reason for the Pence Amendment in 2007. Why weren’t Republicans talking about this before I brought it up in 2006?
3.) You’re assuming that I’m taking votes mostly from Mike. In 2006, the polling data indicate I got much more from Hill. Presumably because Iraq is less important (and perhaps because fiscal conservatism and the economy are more important), the polling data this time are more mixed. So, it looks like I won’t be able to help Mike out this time.
4.) Mike doesn’t seem to be running an active campaign this time– and according to the polls I’ve seen, he’s down by double-digits. If it looks like a blow out in November, then a vote for me, even by a pragmatist, will not be “wasted”. In fact, a “protest” vote for me would be far more valuable than voting for a major-party candidate who loses by 10%. In any case, I hope voters will be more principled than pragmatic.
Chris Spangle has more to say on this...
I’d like to remind all members of the Republican party that Libertarians are a different party, not a sub-group within the GOP. There are two types of Libertarians: Republicans who realized that the Republicans are no longer Conservatives, and Democrats who realized that socialism is wrong.
It’s time for Republicans to drop the incorrect line that Libertarians are just Republican votes. I am a Libertarian. I vote Libertarian. It is my vote. It isn’t a Republican vote.
And that is precisely the reason why many are leaving the parties. The average voter’s voice carries no weight with the party structure. If you espouse an idea different from the party platform, your voice is silenced, and you are labeled a traitor or a whacko. No debate or discussion is allowed within the party structure.
Neocons (Big Government Republicans) rule the Republicans with an iron fist. I’ll direct you to this post to highlight the treatment of Ron Paul. He is a Taft/Goldwater Republican. The Bush Republicans have effectively labeled him “crazy.”
Honest, thoughtful citizens lose their voice. As a result, you lose my vote.
It is my vote.