Posts
This group of people have to be " stuck on stupid " to even remotely suggest that more tax cuts for the upper earners/corporations will help to fix our economy.
But this is exactly what CNBC's Lawrence Kudlow is suggesting.
Republican Senate leader Mitch McConnell is absolutely right to warn against Obama’s gigantic stimulus-spending package. McConnell says it “will be the largest spending bill in the history of our country at a time when our national debt is already the largest in history.” As a result, he says the bill “will require tough scrutiny and oversight.”
According to McConnell, scrutiny should include this simple test: “Will the yet unwritten, reportedly trillion-dollar spending bill really create jobs and grow the economy — or will it simply create more government spending, more bureaucrats, and deeper deficits?”
The Republican leader is drawing a clear line in the sand. Okay, good. But the GOP has got to do more. It must start talking about tax cuts to grow the economy. And it must get back to the supply-side by talking about lower marginal tax rates on individuals, businesses, and investors.
Now, I'm all for tough scrutiny and oversight when it comes to spending hundreds of billions of taxpayer dollars to fix anything, but, where was McConnell's concern when 700 billion was apportioned to Wall Street with no oversight involved? Where was Mitch's concern while he and Bush ran this country over a cliff, putting our national debt at its highest levels ever?
Tax cuts to grow our economy? We've had those tax cuts in place for some 28 years and the only economy that they have grown was the economy of the already wealthy, while fucking everyone else.
We don’t need bailout nation. Nor do we need the government picking winners and losers in a massive, Keynesian, new-New Deal spending extravaganza. And it’s not Obama’s middle-class tax cut that’s going to get us out of this economic jam. At best his vision is incomplete. But at worst his aversion to successful earners and investors is a real obstacle to full economic recovery..
I suspect that the Republican/communist Party has found a way yet to keep their hands in the till, hence all of the bullshit ideas and the whining.
If we had an economy without rich people we wouldn’t have much of an economy. That’s why lower tax rates to reward the economic activists — the most prominent capitalists — are so essential.
In fact, the GOP has a great opportunity to challenge Obama’s Keynesian pump-priming by insisting there be a major tax-cut component in any new fiscal package. Republicans shouldn’t merely push for somewhat less government spending. They have to make a bold case that tax rates matter for economic growth and job creation. They must insist that any recovery package includes this key element. Shift the debate. Say clearly that a reenergized economy cannot occur without lower marginal tax rates.
I'm surprised that Kudlow isn't pushing for even more deregulation to help fix or economy.
The whole debate in Washington is heavily skewed toward government spending on infrastructure. It’s all spending and virtually no tax cuts. For a more balanced and effective recovery policy, the GOP has to bolster its argument for spending discipline with a loud case for tax cuts.
Have they not learned that more government spending coupled with the Bush tax cuts do not work?
0 Comments:
Post a Comment