President Obama’s Tax Cut Deal Analogy

In case people don’t understand why a lot of progressives like myself are upset with the proposed tax cut deal brokered by President Obama and the TP/GOP I wrote an analogy:

Look at it this way. I am the Democrats and I have a large pizza cut in 8 slices. You are the GOP and have a six pack of beer. I don’t need the beer because I have soda pop but you really want some pizza since there is no other food in the house. You also have a trigger to a bomb that will blow up the house next door killing the family that lives there.

A rational person in that position would offer a slice for 3 bottles of beer and the family’s freedom but since I am the Democrats I instead open the negotiation by offering 5 slices for one bottle and your promise to think about not blowing up the house next door. You accept and say we compromised and had bipartisanship and in the words of an old cellphone commercial “Daddy got hosed…”

Here’s the old cellphone commercial

https://www.youtube.com/watch?v=Wmfqpl4-Go8

Republicans continue to publicly lie about Bush tax cuts

Just amazes me that a sitting Senator of the United States would actually LIE on national TV. Senator Lindsey Graham (R-SC) was on Fox “News” Sunday and told the whopper that the Bush Tax cuts would pay for themselves. I understand why Fox “News” didn’t challenge him but why do they still lie like they do in public?

In fact, the Center on Budget and Policy Priorities (CBPP) found that the Bush tax cuts accounted for almost half of the mushrooming deficits during his tenure. As another CBPP analysis forecast, over the next 10 years, the Bush tax cuts if made permanent will contribute more to the U.S. budget deficit than the Obama stimulus, the TARP program, the wars in Afghanistan and Iraq, and revenue lost to the recession put together. Predictably, the Bush tax cuts didn’t come anywhere close to paying for themselves. And as Congressional Budget Office projections revealed in June, making them permanent is the very worst thing the so-called deficit hawks could do to reduce the U.S. debt. 

Lindsey Graham Regurgitates the GOP’s Tax Cut Whopper

As I always ask a GOP friend of my, where are the jobs the Bush Tax cuts were suppose to provide. Here are some other truths about the Bush Tax cuts:

Here, then, are the 10 Epic Failures of the Bush Tax Cuts:

1. Dismal Economic Growth
2. A Decade of Budget Deficits
3. Red Ink as Far as the Eye Can See
4. Disastrous Job Creation
5. Declining Incomes
6. Increasing Poverty
7. A Massive Windfall for the Wealthy
8. Record Income Inequality
9. A Sagging Stock Market
10. Jeopardizing Future Economic Growth

10 Epic Failures of the Bush Tax Cuts

There are some rich people who do get it. One, a billionaire hedge fund manager named Tom Steyer puts it better than I can:

“I think anyone who doesn’t give credit to the system that they are born into is taking an awful lot onto themselves. I mean, I really think that people have sacrificed a lot more than a little tax money to make that system available for all of us. And I would be ashamed of myself if I didn’t give some credit to them,” Steyer said, choking up and pausing to regain his composure.

Billionaire Hedge Fund Manager Chokes Up At The Wealthy’s Lack Of Contribution To This Country

GOP Budget cutter Jim Jordan turns down budget cutting job

Rep Jim Jordan (R-Urbana) who for years has talked about cutting the Federal budget, complained about the spending of the current Congress, promised to cut spending and not raise taxes and was praised by a district newspaper for his promise to cut the budget, turned down an appointment to the powerful House Appropriations committee. Why would a committed budget cutter turn down a place on THE committee that writes the budget?

In a glowing editorial giving Jordan its endorsement, The Findlay (OH) Courier noted:

Jordan believes the Obama administration needs to get a handle on spending, and cut taxes, not raise them, if the country is going to fully recover from the recession.

As a member of the Budget, Judiciary, and Oversight and Government Reform committees, Jordan is positioned to push for many of the changes that the majority of voters in this district favor.

Jordan proposes reducing “discretionary spending,” which includes items outside Social Security, Medicare, Medicaid and defense. He proposes reducing the payroll tax by half for one year, and reducing corporate taxes. He wants to eliminate capital gains taxes and the estate tax.

He believes unspent money from the federal government’s $700 billion bailout of banks in the 2008 financial crisis should be used for deficit reduction.

Published on October 5th 2010 on Section A page 04 Findlay (OH) Courier

You can also check other posts on my blog that quotes Jordan on cutting the budget.

Then today the website “Politico” reported:

Rep. Michele Bachmann (R-Minn.) was asked to be an appropriator and said thanks, but no thanks. Rep. Steve King (R-Iowa), a tea party favorite, turned down a shot at Appropriations, which controls all discretionary spending. So did conservatives like Lynn Westmoreland (R-Ga.) and Jim Jordan (R-Ohio), an ambitious newcomer who will lead the influential Republican Study Committee.

Appropriations panel loses its luster

So why would Jim Jordan turn down a committee assignment that would not only fit in his campaign promises for the past couple of years but would also bring him some prestige?

He doesn’t want to have blood on his hands. The GOP has made no secret they plan on making wide spread cuts to everything except defense and giving tax breaks to the wealthy while raising taxes on the middle class.

“Anybody who’s a Republican right now, come June, is going to be accused of hating seniors, hating education, hating children, hating clean air and probably hating the military and farmers, too,” said Jack Kingston (R-Ga.), a fiscal conservative who is lobbying to become chairman of the House Appropriations Committee. “So much of the work is going to be appropriations related. There’s going to be a lot of tough votes. So some people may want to shy away from the committee. I understand it.”

Exactly. Jordan doesn’t want more proof that he hates seniors, education, the unemployed, veterans, and the other groups he voted against during the current congress.

*Update*

The Courier reported on Friday 11/19 that Jordan’s staff says the Politico report was wrong that he never had a formal offer to join the appropriations committee. However they quote his spokesperson Meghan Snyder saying that he would turn it down if it was offered. He wants to be on a special group that will make the decisions on what to cut that will then be vetted in the committee so he can do his damage more in the shadows than if he was on the committee out in the open.

But Jordan’s press secretary, Meghan Snyder, said Thursday he never was offered a seat on the powerful committee.

“There’s a lot of talk about it. He never got a formal call,” Snyder said.

Even if he did, Jordan would not accept an offer for the committee, she said.

Jordan’s focus is becoming chairman of the Republican Study Committee, she said. The group of 116 House Republicans seeks to advance a conservative social and economic agenda. He could find out this week if he got the chairmanship.

“He’s interested in being the conscience of conservatives,” Snyder said.

Jordan is not the only House member to campaign for spending cuts and then appear indifferent about the Appropriations Committee. A scarcity of Republicans wanting to be on the Appropriations Committee was the focus of the Politico article. Campaigning for reduced government spending made better politics than cutting spending will be.

Jordan: Not asked, but not interested By Lou Wilin published 11/19/2010 Findlay (OH) Courier

Early thoughts on 2010 Election results

The 2010 election is not official but it looks like a bad night for Democrats both nationally and here in Ohio. The economy was part of the reason – people out of work – blame the party in power. I have some other thoughts on it.

It looks like the GOP will be sweeping all the offices in Ohio but at this hour Governor is still too close to call.

MSNBC had some exit poll info that showed the main reason for turning out the Democrats was JOBS JOBS JOBS. Anger at the government (the Tea party argument) was only 24%.

Genius Chris Matthews asks maybe if the Democrats had forced the GOP to fight for their ideas instead of letting them obstruct real economy recovery solutions and financial reform the results might have been different.

You think Chris??? Duh! Where have been for two years?

Lawrence O’Donnell was upset that the dirty hippies hurt Blanche Lincoln in Arkansas in the end. 

No Larry, Blanche hurt herself being a blue dog Democrat and throwing labor under the bus.

The only good thing is now the GOP has their chance to try to govern. Good luck to them and may heaven help us all. They have been saying “No!” for so long they don’t have any real idea what they will do to “give us jobs”.

A good spin I would put on it is like a close football game. It is 21 to 20 with 3 minutes left in the game.

Your team is behind and is driving down the field. You end up scoring a field goal to move ahead 23-21 but there is 2 minutes left in the game.

Commentators usually ask “Did you score too soon?”

What then sometimes happens is the other team drives down close enough to kick a field goal and ends up winning 24-23.

In my world the GOP is the team that scored too soon since the 2012 election counts more than 2010.

We will see.

One note is that the GOP is not winning as many seats as they did in 1994 when the economy was not as bad as now.

If people hate the GOP then why will they control the House?

It seems not to make sense. Major polls show the GOP getting control of one or both houses of Congress – while also showing that the GOP have a bad unfavorable rating. How can that be? All because the Democrats couldn’t turn around an economy that took eight years to break in 18 months.

Nearly 50 percent of likely voters prefer a GOP-controlled Congress, which is virtually unchanged from the poll taken two weeks ago; a plurality of all registered voters say it would be a “good thing” if Republicans were in charge of both the U.S. House and U.S. Senate; and almost two-thirds — including about half of Democrats — want to see a significant amount of change in the way President Barack Obama has been leading the country. 

Republicans’ short leash

If Republicans gain majorities in Congress, they would so with a still-damaged brand. Thirty-four percent have a favorable view of the GOP, versus 41 percent who have an unfavorable view.

The Democratic Party’s favorable/unfavorable rating stands at 39 percent to 42 percent. The Tea Party’s score, meanwhile, is 32 percent to 40 percent.

Given the GOP’s low standing, McInturff says Republicans would have a very short leash with the public if they end up controlling Congress. Americans, he argues, will keep voting elected officials out of office “until somebody gets the message — which is fix the economy and get things done in Washington.” 

Poll shows ‘hurricane winds’ for Democrats

The answer is JOBS JOBS JOBS.

It is going to be a bumpy two years as people vote away their social interests in order to try the old new GOP policy of giving welfare to the rich and making the working class as cheap in costs as possible. I mean, I would vote Republican if all I had to base my decision on was FOX “news” and the conservative bias of the main stream media that have been complaining for months that the Democratic polices haven’t worked.

The problem is the economic policies are working all be it slowly. I predict that the pace of recovery will pick up not by anything the GOP will do since anything too radical will be tied up in the Senate (should the Democrats retain control) and the GOP will try to claim credit for it in 2012.

Speaker Boner? Gives me the shivers. All because the Democrats couldn’t turn around an economy that took eight years to break in 18 months.

And yes I misspelled the Tan Man’s name on purpose…