MCViewPoint

Opinion from a Libertarian ViewPoint

Where D.C. Goes From Here After Pelosi’s Big Day – Gold Goats ‘n Guns

Posted by M. C. on November 10, 2021

What will be terrible coming out of that bill is the new administrative powers, snooping, regulations on travel, cryptocurrencies, etc. which will continue to strangle the middle class and ensure the continued roll up of wealth in the U.S. from the middle and lower classes to major firms.

They will not only wind up with the lion’s share of the funds, but also operate in a landscape where the costs of the new rules fall disproportionately on smaller firms, increasing their competitive advantage.

https://tomluongo.me/2021/11/09/where-d-c-goes-from-here-after-pelosis-big-day/

Author: Tom Luongo

I was contacted over the weekend by Sputnik News to give them my thoughts on Nancy Pelosi’s announcement to force through votes on the two big spending bills she’s been stymied on for months now. The opposition to these bills, even the Infrastructure Bill she eventually got through the House at the midnight hour, is increasing because the perceived need for them is falling.

Sputnik published their article this morning and is worth your time (not just because some of my ideas are presented). Since this bill passed the realization that the “Build Back Better” Bill of Davos’ dreams is still in serious trouble.

The fact that Pelosi arm-twisted this hard so close to last week’s electoral shellacking should confirm for you just how desperate things look on Capitol Hill. There is a fight for the soul of the Democratic Party which is playing out both in Domestic and Foreign Policy. More on that later in the week.

Since Sputnik didn’t use all of my comments I’m publishing them here to keep things brisk and clarify any finer points.

Q:How will the “transformative” Build Back Better Act change the everyday lives of ordinary Americans?

That hasn’t passed yet, and if the moderate Democrats in the Senate were listening to the voters on Election Day, they should continue to hold out against it and kill it completely. Compared to the original text of the bill the BBB Act monetarily isn’t a big deal. Most of Trump’s tax cuts are still in place.

What will be terrible coming out of that bill is the new administrative powers, snooping, regulations on travel, cryptocurrencies, etc. which will continue to strangle the middle class and ensure the continued roll up of wealth in the U.S. from the middle and lower classes to major firms.

They will not only wind up with the lion’s share of the funds, but also operate in a landscape where the costs of the new rules fall disproportionately on smaller firms, increasing their competitive advantage.

Q: Six Democrats, known as The Squad, voted against the infrastructure bill. Do you expect more infighting within the Democratic party, which is soon set to vote on the $1.85 trillion climate, tax, and social policy bill?

Yes, I actually do.  The Democratic Party isn’t a political party per se.  Instead, it is best to think of it as a three-headed coalition of the aggrieved. 

They are in panic mode to ‘just sign anything’ and give their people something to run and fundraise on, even though they already know they’ve lost the mid-terms. 

What happened on Friday was more interesting from the Republican side of the aisle (as always) as enough of them caved to politically neuter “The Squad” on this vote.

These squishy RINOs did what they were supposed to do, betray their constituents at the last minute to serve whatever higher master, in my view the ones who just met at COP26, they answer to. 

By neutering “The Squad” over this vote with the help of RINOs, it will be easier for Pelosi and company to get The Squad to cave over the second bill.  The Progressives got their heads handed to them last night. 

See the rest here

Be seeing you

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