While Rome burns, Isakson Fiddles
by Chuck Donovan
Johnny Isakson seems to think that all we have to do to fix our economy is to continue to prop up his buddies in the real estate business. Here is the first paragraph from his latest newsletter:
“Over the last week I have worked with Senate leadership to craft a compromise amendment to extend and expand the current first-time home buyer tax credit, which is set to expire on November 30, 2009. This amendment would include buyers in the “trade-in” or “move-up” market, because I believe the real housing recession is in this market in which citizens are putting off purchasing their next home. The amendment would continue the $8,000 tax credit for first-time home buyers and would establish a new $6,500 tax credit for “move-up” buyers so long as the home they are leaving has been used as their principal residence for five years or more.”
Johnny is rushing to again shore up the real estate industry while the rest of the economy and the US dollar itself are in shambles. Just how many Americans does Johnny think are capable of being first-time or move-up home buyers? After this silly little tax trick puts a few extra dollars into the pockets of a lucky few, what will be Johnny’s next trick? How many more tax credits can Johnny offer without making a penny’s worth of spending cuts?
What the soon-to-be ex-Senator does not seem to understand, is that he is not legislating from a seat next to the gods on Mount Olympus. The real estate problems we face are just a symptom of the economic destruction Johnny Isakson, the Republicans, and the Democrats have brought down on the entire country. Their failure to deliver on decades long promises of less government, less complex taxes, less debt, and better fiscal responsibility are the reason for all of our economic problems.
If Johnny really wanted to fulfill his oath to “uphold and defend the Constitution of the United States”, his primary efforts would not go to his friends and old business partners, he would instead work to give all Americans more freedom of choice. One way to do that would be to make the tax system less complex, not more complex. Johnny could work to lighten the heavy burden of regulations that crush the efforts of working Americans and American businesses. He would work to make the difficult decisions necessary to bring back the power of the dollars Americans work hard to earn to buy things, yes even things like homes. Such efforts would empower individual Americans who are suffering through this economic downturn, the same individual Americans who will do the work to make us recover. Instead, our Senator works to empower those who hand over large “contributions” to Johnny.
It is now clear, after all of the years the Republicans have promised less government and fiscal responsibility, they have no intention of actually delivering on that promise. How many times do Johnny Isakson and the Republicans have to show us who they truly are before we will believe them?