Generous With Other People's Money
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Posted: 12/03/08
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Generous With Other People's Money
By Thomas E. Brewton
Liberal-progressives presume that they can do no wrong, so long as
they take other people's money for the benefit of the secular and
socialistic welfare state.
Citicorp's Robert Rubin is getting harsh words from investors who ask
why he should receive $115 million in annual compensation, while
shrugging off any suggestion of personal responsibility for the
banking giant's horrendously imprudent investment policies. Mr.
Rubin says that he was merely a broad-gauge policy advisor, that
problems arose from the policies he supported only because of poor
execution by underlings.
In the same vein, liberal-progressives steadfastly maintain that
socialist welfare-state policies always fail only because the
government didn't spend enough money, long enough.
Like New Jersey governor Jon Corzine, his liberal-progressive, former
Goldman Sachs colleague, Mr. Rubin, the Clinton administration's
Secretary of the Treasury, apparently believes that liberal-
progressives can do no wrong, because they know what is best for you
and me. What is best in their judgment is confiscating our earnings
and redistributing them to favored special-interest groups in the
name of social justice.
Redistributing wealth, in the dogma of the socialist religion, is a
step in the direction of eliminating private property ownership.
That mythology, elaborated in Jean Jacques Rousseau's "Social
Contract," instructs us that original sin was the advent of private
property, which changed human nature and introduced greed, crime, and
warfare to society.
In the Judeo-Christian tradition, original sin was Adam and Eve's
eating fruit of the tree of knowledge, seeking to become God's equal
in knowledge and power. Christians and religious Jews are schooled
to eschew preoccupation with self and to seek ways to help others,
while prayerfully acknowledging that all their blessings come, not
from themselves or the secular political state, but from God.
In contrast, liberal-progressives like Messrs. Rubin and Corzine
assume that they have successfully eaten the fruit of the tree of
knowledge (the modern gnosticism of socialism) and are therefore wise
and powerful enough to play God here on earth.
Just as in Mr. Rubin's failure to take responsibility for disaster on
his watch at Citicorp, liberal-progressive Republicans and Democrat/
Socialists repeatedly raise taxes to confiscatory levels, and expand
the nanny state with deficit financing, heedless of the destructive
effects on public morality and financial stability.
Liberal-progressivism's welfare state encourages self-centered,
special-interest greed, evidenced currently in the public's
unwillingness to reduce government spending in the face of
approaching bankruptcy at state and Federal levels.
Ironically, the Federal Reserve's massive over-expansion of the money
supply to finance deficit spending, the be-all and end-all of liberal-
progressive policy, is the root cause of the financial system
disaster in which Citicorp played a major part. Mr. Rubin, we may
suppose, sees no connection between his advocacy of imprudent
policies in the Federal government and their fostering greed at
Citicorp.
Thomas E. Brewton is a staff writer for the New Media Alliance, Inc.
The New Media Alliance is a non-profit (501c3) national coalition of
writers, journalists and grass-roots media outlets.
His weblog is THE VIEW FROM 1776
http://www.thomasbrewton.com/
Email comments to viewfrom1776@thomasbrewton.com
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