by Melissa Clouthier | April 15, 2009 10:55 am
Dan Riehl says it’s the spending[1]. So does Betsy[2].
Glenn Reynolds[3] calls them, in the Wall Street Journal[4], a “they’re really a post-partisan expression of outrage.”
Michelle Malkin talks repeatedly of “generational theft[5]“, as in people are protesting robbing our children to pay for the current generation’s mistakes.
MaxedOutMama brilliantly discusses the economics of things[6]. The Tea Party folks, myself included, might not understand the details, but the principles of things are clear. She says here[7]:
But with employment declining, and CRE busting so badly, and with corporate profits in a profound swoon, the fundamental economic choices facing a government are:
The government lets the natural economic cycle run its course (and that natural economic cycle is for a depression-like event), or
The government intervenes to bring needed infrastructure investments a few years forward, which puts a floor on the drop in economic activity, supports employment, and knocks the bottom off the cycle.
Our current leaders in Congress seem to have chosen yet a third way to produce a lengthening and deepening of the natural economic cycle, which is to pull money out of the private sector and to invest it in projects such as research grants for non-viable energy production, mandates for utilities to spend on higher-cost energy production, investments in frilly socially attractive programs (community outreach?), and throwing money into non-viable financial institutions. These steps pull money out of gross private domestic investment instead of supporting it.
I don’t think it makes Americans extremists[8] because they see the implications for this government mess. The protesters are protesting a tone-deaf government, bailouts, spending, and just the implications for the future.
Some aren’t protesting at all…and taking a vacation[9].
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