Can't believe this, Conservative WSJ Noonan blasts Shrub

[bluedawg12]

My eyes must be deceiving me. Never thought I’d see this in the Wall Street Journal.

Conservative former Reagan speech writer and Wall Street journal editor Peggy Noonan takes a weed whacker to the shrub. From Iraq, to spending, to Home land security and on down the line.

Looks like conservatives are pulling away from this neoconnie administration.

Check it out.



http://www.opinionjournal.com/columnists/pnoonan/

'Whatever It Takes'
Is Bush's big spending a bridge to nowhere?

Thursday, September 22, 2005

> snip
Republicans have grown alarmed at federal spending. It has come to a head not only because of Katrina but because of the huge pork-filled highway bill the president signed last month, which comes with its own poster child for bad behavior, the Bridge to Nowhere.

A lot of Bush supporters assumed the president would get serious about spending in his second term. With the highway bill he showed we misread his intentions.

The administration, in answering charges of profligate spending, has taken, interestingly, to slighting old conservative hero Ronald Reagan. This week it was the e-mail of a high White House aide informing us that Ronald Reagan spent tons of money bailing out the banks in the savings-and-loan scandal. This was startling information to Reaganites who remembered it was a fellow named George H.W. Bush who did that. Last month it was the president who blandly seemed to suggest that Reagan cut and ran after the attack on the Marine barracks in Lebanon... snip<

[castiron]

1. ten bucks says they will deliver a neo-con substitute B4 the

Dems deliver their own.

[bluedawg12]

2. Never count them out- revisionism is starting

Dubya? Dubya who? He's not one of us, a true conservative.

[FreedomAngel82]

8. Exactly

They have elections coming up and they watch the polls. They claim not to but we clearly know they do.

[rodeodance]

4. when they seriously whine about spending on things like weapons and

war instead of social spending. I will take listen.


......If we are going to increase spending and the debt every year;

If we are going to become a movement that supports big government and a party whose unspoken motto is "Whatever it takes";

If all these things, shouldn't we perhaps at least discuss it? Shouldn't we be talking about it? Shouldn't our senators, congressmen and governors who wish to lead in the future come forward to take a stand?

And shouldn't the Bush administration seriously address these questions, share more of their thinking, assumptions and philosophy?......

[girl gone mad]

3. What an idiot.

She shilled for him in the election because she thought he would do better in his second term?

Who could take her seriously?

[rodeodance]

5. she is primarily worried about the Katrina spending--she should start

with the needless WH unaccountability and needless spending on war and weapons!



....Of the $100 billion that may be spent on New Orleans, let's be serious. We love Louisiana and feel for Louisiana, but we all know what Louisiana is, a very human state with rather particular flaws. As Huey Long once said, "Some day Louisiana will have honest government, and they won't like it." We all know this, yes? Louisiana has many traditions, and one is a rich and unvaried culture of corruption. How much of the $100 billion coming its way is going to fall off the table? Half? OK, let's not get carried away. More than half.

[The Backlash Cometh]

10. Maybe she should sell off her summer cottage and give the proceeds

to the Katrina effort? HEy, maybe ALL rich Republicans should sell off one of their houses and give the proceeds to the Katrina effort?

If they're truly concerned, then the only answer is private contributions.

[atommom]

14. She needs to take a long, hard look at how much of the money

earmarked for Iraq has fallen off the table. That's the scandal they don't seem willing to address.

[bluedawg12]

6. I'd like to think they will self destruct but

I smell the cons distancing themselves from shrub in order to recast themsleves as true cons who were led astray so they can re-emerge for the mid term and later, preznitential elections.

Looks like the chimpco fooled them,too.

It will be a pleasure to use her talking points to defend mine!

[NightOwwl]

7. Rove has given them permission to give Bush the old heave-ho.

Chimpy is dragging the entire Republican party down the sewer. He's finding out the hard way Rove will choose power over loyalty any day.

[The Backlash Cometh]

9. Too late, Noonie. You smelt it, you delt it.

[WCGreen]

11. Reagan did cut and run after the Beirut Attack....

And then he bombed Grenada to boost moral in the military...

She's a runt, a no talent hack who climbed her way to the top of the conservative media pack simply because she was the only girl at the time playing the game.....

Think Ann Coulter and you can then put this hoary woman in perspective....

[Skittles]

15. that's what's really upsetting the Reagan Whore

a diss on Reagan

[WCGreen]

16. You got it.....

[Paladin]

18. Absolutely

As I've said before, I'm confident I could drive down the street to our local high school and find kids on the student paper staff with better journalistic skills than Noonan's. And the kids' writings wouldn't be burdened with the repulsive psycho-politico-sexual hangups that are a regular part of Noonan's works. She and the WSJ editorial page are a perfect fit.....

[Mountainman]

12. Don't take it as a good sign. They conservatives want to cut social

spending. All these calls for spending cuts don't include cuts on anything that goes to the repuke supporters. They want to continue the war spending, continue the tax cuts, spend to rebuild NOLA and cut spending on social programs.

There is nothing in that article to make us happy. I see it as a back door way of continuing the right wing attack on the poor and middle class.

[supernova]

13. That's exactly right, Mountainman

Their precious war machine will get all the money it wants and then some.

It's the human side they think we can live with out. Sick bastards.

[kineneb]

22. and when the poor and middle classes have nothing left to loose

the revolution will be televised

[Lone_Wolf]

17. Part of their strategy...

Peggy Noonan is pretty much told what to write. She has no original thoughts of her own. It's a repuke election strategy.

This is the beginning of the anti-* Repukes who will claim to be against *'s policies. However, once they are in office, they'll continue them.

[geckosfeet]

19. They have to re-organize and line up behind the next generation

administration. Must start to cultivate loyalty to the new order. Its the same old crap. Pretty reliable and predictable. Bow to power and get on the gravy train.

Whats really important is that dems start to figure what they are going to do to take back the congress, senate and white house - and KEEP it.

[Phoebe Loosinhouse]

20. Did the "1000 points of light" just get their electric bill?

There has never been a person more in love with their own convoluted tortured prose (unless it's me! - although I don't sport the lunatic smile and Pat Robertson eye twinkle that she has going on ) She used to be a regular on Hardball and I think she got too poetically loony for even Tweety.

[Lochloosa]

21. Too little too late....falling on deaf ears!

[cassiepriam]

23. Looks like Bushie is getting the heave ho big time by his pals....

this is what happens when you screw up so bad the American people
actually begin to question the propaganda. Guess Bushie will be
the scapegoat.

[coda]

24. Any blasting is due to a percieved attack on St. Reagan

"This week it was the e-mail of a high White House aide informing us that Ronald Reagan spent tons of money bailing out the banks in the savings-and-loan scandal. This was startling information to Reaganites who remembered it was a fellow named George H.W. Bush who did that."



Somebody had to clean up the mess St. Reagan made. Maybe the reason you don't remember Reagan era bailouts is because you are a Reaganite?


December, 1982--Garn - St Germain Depository Institutions Act of 1982 enacted. This Reagan Administration initiative is designed to complete the process of giving expanded powers to federally chartered S&Ls and enables them to diversify their activities with the view of increasing profits.

1982-1985 Reductions in the Bank Board's regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year. The average examiner has only two years on the job.

July, 1985-- Chairman Gray(Reagan appointee) begins transfer of federal examiners to the twelve regional Federal Home Loan Banks so that they are no longer overseen by OMB and their salaries are paid directly by the Bank Board system.

August, 1985--Only $4.6 billion in FSLIC insurance fund. Chairman Gray tries to gain support for recapitalizing FSLIC on Capitol Hill. In 1986, GAO estimates the loss to the insurance fund to be around $20 billion.

December, 1985--Bank Board allows S&L examiners to "classify" questionable loans and other assets for the purpose of requiring loan loss reserves.

August, 1987--Competitive Equality Banking Act of 1987 enacted. The Act authorizes $10.8 billion recapitalization of the FSLIC with only $3.75 billion authorized in any 12-month period. Also contains forbearance measures designed to postpone or prevent S&L closures.

February, 1988--Bank Board introduces the "Southwest Plan" to consolidate and package insolvent Texas S&Ls and sell them to the highest bidder. The strategy is to resolve insolvencies quickly while conserving scarce cash for FSLIC. The Bank Board uses a number of strategies to pay for the difference between assets and liabilities of the failed institutions: FSLIC notes, tax incentives, and income, capital value and yield guarantees. The Bank Board disposes of 205 S&Ls through the Southwest Plan with assets of $101 billion

1986-1989 Compounding of losses as insolvent institutions are allowed to remain open and grow, allowing ever increasing losses to accumulate.

1989--President Bush unveils S&L bailout plan in February.

http://www.fdic.gov/bank/historical/s&l/




And besides all that, why would we have to bailout a jackpot?
Any guesses as to who the "we've", is?

-
"All in all, I think we've hit the jackpot."

- Ronald Reagan signing the Garn-St.Germain Act, a Reagan Administration initiative, which canceled much of the S & L regulation of the last 50 years. October 15, 1982
-



"Last month it was the president who blandly seemed to suggest that Reagan cut and ran after the attack on the Marine barracks in Lebanon. Poor Reagan. If only he'd been strong he could have been a good president. "


Instead of refuting it, a change of subject will have to suffice.

The truth stings like a bitch.

[CatWoman]

25. awwww

poor peggie, weggie

they are slamming her man-god, ronnie

wah!!

wah!!

[yellowcanine]

26. Heh - Peggy Nooner won't stand for no Ronnie bashing, even from Bush.

Somebody pass the popcorn.

[bluedawg12]

27. How do we take her criticism of shrub and turn it into

a platform that resonates with the broad spectrum of voters?

If we don't the repugs will just get another rider for the same horse in '08.