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Showing posts with label 1976. Show all posts
Showing posts with label 1976. Show all posts

Monday, July 27, 2015

WHEN SAM CRIED UNCLE

Never eat with your fingers, my late mother said, but when I am really hungry all bets are off. Never start driving with a cold engine, my mechanic said, but when I have to get somewhere fast all bets are off. Never extrapolate a principle from an anecdote, my logic teacher said, but when I need to report the voice of the people as a journalist all bets are off. The first Joe Sixpack I talk to is nominated as the Oracle of Delphi.

This brings us to the story of how I came to appreciate the greatness of the first Reagan Tax Cut at 30,000 feet.

Airborne over the heartland, sipping watered-down Diet Coke and munching on stale peanuts, having snickered my way through the pap in the airline “magazine” and made three abortive stabs at writing a column on the barf bag, I was left with no other choice: it was time to stop ignoring my seat neighbor. He was a nice guy about forty-five, with a thriving business, and the rare bird who would admit out loud to being a Republican.

The subject got around to my career and the evolution of my political consciousness. I talked about getting behind Reagan back in 1976, when I was just eighteen, talking him up to skeptics for four years, and then the exhilarating ride to victory in 1980. I described the legislative battles that began after that, pushing for the 1981 and 1986 tax cuts, and what a huge sea change was accomplished by getting the top tax rate down from seventy percent to as low as twenty-eight before it began inching its way back up to its current 39.6.

 “Wait a minute,” he says, clearing his throat apologetically. “Are you trying to tell me they used to take seventy cents of tax off a dollar of earnings?”

OMG! It hit me like a sudden airplane lavatory flush, like a food service cart behind the knees, like a spasm of turbulence, like the credit card bill after the vacation. This guy who is forty-five now was just ten in 1980. He cannot even conceive of a world where you make a hundred dollars, 70 for Uncle Sam, 30 for you. Richard Daley getting the dead guys to vote in Chicago is not an image he can register. Tip O’Neill smoking his huge cigar poolside in Florida and cutting deals with labor leaders is not in his database.

This is a source of great pride for the GOP. Its accomplishments in the Reagan Era are what define the perimeter of today’s political spectrum. A politician who suggested a return to a seventy-percent rate could not get one percent of the vote even if he was running against Michael Vick for dog-catcher.

But I would argue the key to all of it, the Caitlyn Jenner moment when there was no turning back, came in the first Reagan tax cut, the Economic Recovery Tax Act of 1981. Lowering the top rate from seventy to fifty provided the moral pivot. By rejecting the notion that the government can ever own more of your human output than you do, it revived the principle of the autonomy of the individual citizen. People can no longer be brainwashed into believing the ruling class knows better than we do how to run our lives.

All this happened in twenty-one days of astonishing leadership. The newly elected President Reagan had the Congress running scared. His popularity was immense and Democrats challenged him at their peril. A tide in the affairs of men had turned against them, and there were slings and arrows preventing them from stealing outrageous fortunes. With Reagan lifting the country’s spirits after the Carter malaise, and promising that his tax cut would restore the sovereignty of the individual without cutting the Treasury’s bottom line, the Democrats were stymied.

Twenty one days. The bill was introduced in the House on July 23, 1981. There were some wrangles and modifications; at one point the President had to go on TV and appeal to the citizenry. Popular opinion stood overwhelmingly with the President; on August 3rd and 4th, the two Houses of Congress passed the bill. By August 13, a scant three weeks after the bill began its odyssey, it was signed by a casual Ronald Reagan on his ranch in the hills of California. It was High Noon for Republicans, film noir for Democrats.


Via: American Spectator


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at 7/27/2015 02:30:00 AM No comments:
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Labels: 1976, Ronald Reagan, Uncle Sam

Saturday, March 1, 2014

Ukraine, Syria, Iran -- America isn't leading from behind, it's being left behind

Russia, flush with new-found wealth from oil exports, expands its military reach and political influence abroad. A war-weary America slashes defense spending and retreats from the world. The president embarks on a massive government-subsidized program to develop alternative energy to replace fossil fuels.
Pundits cluck about America in retreat, and point to the rise of an Asian economic superpower. That’s the world circa 1976, but it sounds like quotes ripped from today’s headlines.
The Obama administration is looking a lot like the Carter administration. Only worse. 
History has a way of repeating itself, or to quote the great Yogi Bera, it’s déjà vu all over again. The Obama administration is looking a lot like the Carter administration. Only worse. 
President Obama may think the Cold War is over, as dated as yesteryear’s fashions. But President Putin thinks it’s game on, and Russia is winning. And there is ample evidence to support his claim.
I can’t wait for the pictures from the next Obama-Putin meet-up. It will be in June in Sochi, where President Obama would NOT go for the Olympics, but has to go for the G-8 summit. 
In the past, Putin has looked bored, picking lint off his sleeve while Obama droned on. 
This time he’ll no doubt have a smirk on his face: he’s got Snowden safely ensconced in Moscow, he’s calling the shots in Syria, he’s taken America’s place with Egypt, and Europe is addicted to his natural gas. 
Via: Fox News
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at 3/01/2014 09:37:00 AM No comments:
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Labels: 1976, Carter Administrations, Obama Administration, President Obama, Russia, Ukraine
Location: Washington, DC, USA

Monday, October 15, 2012

Obama Bans Drilling in Half of Alaska's 'Petroleum Reserve'


WALL STREET JOURNAL - President Obama is campaigning as a champion of the oil and gas boom he's had nothing to do with, and even as his regulators try to stifle it. The latest example is the Interior Department's little-noticed August decision to close off from drilling nearly half of the 23.5 million acre National Petroleum Reserve in Alaska.
The area is called the National Petroleum Reserve because in 1976 Congress designated it as a strategic oil and natural gas stockpile to meet the "energy needs of the nation." Alaska favors exploration in nearly the entire reserve. The feds had been reviewing four potential development plans, and the state of Alaska had strongly objected to the most restrictive of the four. Sure enough, that was the plan Interior chose.
Interior Secretary Ken Salazar says his plan "will help the industry bring energy safely to market from this remote location, while also protecting wildlife and subsistence rights of Alaska Natives." He added that the proposal will expand "safe and responsible oil and gas development, and builds on our efforts to help companies develop the infrastructure that's needed to bring supplies online."
The problem is almost no one in the energy industry and few in Alaska agree with him. In an August 22 letter to Mr. Salazar, the entire Alaska delegation in Congress—Senators Mark Begich and Lisa Murkowski and Representative Don Young—call it "the largest wholesale land withdrawal and blocking of access to an energy resource by the federal government in decades." This decision, they add, "will cause serious harm to the economy and energy security of the United States, as well as to the state of Alaska." Mr. Begich is a Democrat.
The letter also says the ruling "will significantly limit options for a pipeline" through the reserve. This pipeline has long been sought to transport oil and gas from the Chukchi Sea, the North Slope and future Arctic drilling. Mr. Salazar insists that a pipeline could still be built, but given the Obama Administration's decision to block the Keystone XL pipeline, Alaskans are right to be skeptical.
Via: The Wall Street Journal

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at 10/15/2012 09:58:00 PM No comments:
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Labels: 1976, Alaska, congress, Mark Begich, National Petroleum Reserve, North Slope, President Barack Obama, Wall Street Journal
Location: Los Angeles, CA, USA
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