I shake my head at the news a lot these days. For instance, why are middle- and lower-class folks pushing Congress to extend tax cuts for people who make significantly more money than they do? Are they brainwashed or what? It doesn’t make any sense, especially when our country could use the tax revenue.
With that, I admire President Obama for refusing to compromise on this issue. He’s tried the bipartisan route only to be shut down at ever turn by the “Party of No.” That’s the same party that’s in favor of extending tax cuts for the rich, the same party that screwed our economy like a cheap hooker only to fling her aside and pretend they’ve never seen her before.
Listen up, folks: The president is trying to make YOUR tax cuts permanent while insisting the wealthy pay their fair share. (Please re-read that last sentence until it sinks in.)
And Mr. President, you don’t need to apologize for standing up for what’s best for Americans. That’s your job. Just because they don’t understand, just because they’re uninformed and shutter at facts doesn’t mean you should back down. No, you should stand your ground. Don’t allow people to play politics with our country’s future, padding their pockets along the way. I repeat: Stand your ground.
Here’s our president in Ohio, yesterday, speaking on this very topic:
This article appears in Sep 7-13, 2010.
Yes, it makes so much sense to punish the rich for being successful! After all, it is the rich that support the economy and provide jobs. When is the last time a bum on welfare was able to provide work for anyone?
How about this crazy idea: the government should cut spending.
SP:
It was a rich person who layed off you or your neighbor and sent your job to the Far East.
Taxes have no effect on whether or not a rich person hires anyone. The hiring decision is based solely on need. If a company can make more money on your labor than you cost, you will get hired. What creates jobs is demand for the product or service being provided.
If you want to create a job, go out and buy something.
If you want to reduce the cost of labor for the company who provides the jobs, stop fighting efforts to control runaway health insurance costs. THAT is killing jobs. Remember the formula: The employee must cost the company less than the income the employee generates.
The Bush Tax cuts are a major factor in the huge deficit.
DLP – if I was laid off or my job sent to the Far East, it’s only because of the increased regulations and higher taxes placed on corporations (and those horrible rich people!). You’ve got it partly right that I should go out and buy something if I want to create a job but how am I supposed to do that when I’m a)laid off and b)this country doesn’t produce anything anymore? The only jobs being created are in the bloated service and government sector which does not produce anything that I can go out and buy. Which brings us back to those pesky rich people; THEY have the money to go out and buy something and create jobs!
PS: can you please explain how the Bush tax cuts are a major factor in the huge deficit? As far as I know, the majority of the deficit (which was GREATLY increased by Obama) was created by government spending.
I always find the “shut down by the party of no” argument hilarously wacky. The Dems control the WH, the Senate and the House…the latter since 2006. The Repubs couldn’t swing a barn door closed in Washington if they wanted to.
Bush was spending about 1.4 billion a day while in office and the majority of that after 06 when the Dems took control of the House. In case you didn’t know, bills authorizing spending originate in the House. Obama is spending about 4.7 billion a day and every dollar government spends it must take it first from the private sector where it represents real resources. It really doesn’t matter how government got the dollar…taxing it or borrowing it…the problem is spending, not tax cuts. It is spending that adds to the deficit, chokes business investment and slows economic growth because more and more tax dollars must be used just to pay the interest on increasing debt…a colossal waste of resources.
As for which party screwed the economy “like a cheap whore?”…when lib politicians thought it would be good idea to compel banks to make loans to insolvent people, i.e. constituents who consistently vote for lib politicians…and then backed those loans with the faith and good credit of the American taxpayer through government chartered Freddie Mac and Fannie Mae…who then bundled the risky mortgages as securities and sold them world wide, it was the likes of Barney Frank, Christopher Dodd and Barack Obama who in using the finanial industry to promote an activist, left-wing political agenda planted ticking time bombs in the nation’s economy.
In the 90’s under the Community Reinvestment Act (CRA) a bank could not get federal approval to merge, expand or grow unless it had a favorable CRA rating which was based on how many loans it made in neighborhoods measured by race and income benchmarks, not creditworthiness. So community organizations like ACORN, through political pull had unprecedented power to direct huge pools of banking capital to people who would not otherwise qualify…a perverse moral hazard was born and the rest is history. Free market capitalism and fiscal conservativism had n-o-t-h-i-n-g to do with it.
And it continues right now today. Nothing has changed. The car is out of the ditch and freefalling over a cliff.