Bob's Corner:I have been speaking a great deal around the state of Washington and the voters are energized. They are extremely angry at both political parties.
They fear for the future of their country and the free enterprise system. They expected it from President Obama, but they have been gravely disappointed in the lack of leadership and backbone on the part of Republican members of Congress. I have never heard such anger by conservatives and long-time major GOP donors toward the elected Republican members of Congress as I am hearing now.
They wonder why Glenn Beck, Rush Limbaugh, Sean Hannity, and Bill O’Reilly are speaking out more against the Obama agenda than the congressional Republican leadership.
Meanwhile the waste of billions of dollars of taxpayer money continues. Has anyone in the GOP leadership criticized Microsoft for receiving federal stimulus funds for a bridge linking their campuses or for the millions of dollars wasted on “shovel ready” road projects in which blacktop is being laid down quickly (whether it is needed or not) in order for local governments to receive federal funds?
The $300 billion stimulus bill from July 2008 was a failure, and so was the $700 billion TARP in October 2008. Where are the cries by the GOP leadership for oversight hearings or GAO reports? The purposes of HR 1424 (TARP) were to:
- “Protect home values, college funds, retirement accounts, and life savings.” Tell that to many senior citizens who have lost 40 percent of the value of their retirement accounts in the past 16 months or to seniors who have lost a considerable value in their homes.
- “Preserve home ownership and promotes jobs and economic growth.” Look at the homes in foreclosure and unemployment numbers. Only 49% of Americans say home is now worth more than mortgage (Rasmussen Reports May 12)
- “Maximize overall returns to the taxpayers.” The government is doing a great job maximizing a negative return.
- “Provide public accountability for the exercise of such authority.” We have seen that this is a joke. The Federal Reserve apparently cannot account for $9 trillion in off-balance sheet transactions and they seem to have no idea on what the losses are on its $2 trillion portfolio. And their Inspector General appears clueless. Where are the Congressional oversight hearings? How has the $700 billion been spent?
On February 17, 2009, President Obama signed into law the $787 billion stimulus bill that he said would create or save 3.5 million jobs. Since then we have lost 16,000 jobs per day! (Source: House Republican Conference).
Where is the outcry from the elected Republican leadership? Even Republicans who supported some or all of these stimulus measures should be willing to call for proper oversight and accountability procedures.
The people I speak to are tired of the increasing amount of government intrusion into their businesses and lives. 80% of Americans want Government to sell their stake in GM, Chrysler right now (Rasmussen Reports. June 16)
The Republican Congressional Leadership squandered its image by overspending and promoting government bailouts of failed companies. The only way to regain trust — not only in the Republican Party but in our governmental institutions — is for conservative elected officials to act like statesmen. Earn respect by demanding accountability and reform. They need to act now before it’s too late.
Bob Williams, Founder & Senior Fellow Evergreen Freedom Foundationwww.effwa.org