GOP to jobless: Drop dead

Discussion in 'Politics' started by Flaylo, Nov 17, 2010.

  1. Flaylo
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    Flaylo Handsome Devil

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    Steven Pearlstein - GOP to jobless: Drop dead

    "If you want a serious discussion about changing the structure or mandate of the fire department, the time to have it is not when the entire squad is out fighting a three-alarm blaze. That's exactly the situation with the Federal Reserve and the debate over the dual mandate. Only two weeks after the midterm election, it seems clear that the 2012 campaign has begun. For too many Republicans, the aim is to politicize policy, trash the institutions of government and intimidate anyone who might disagree with their radical ideology.

    There's no better proof of that than the so-called debate over extending the Bush tax cuts on incomes above $250,000. Unable to defend more tax cuts for the rich, Republicans like to pretend that their real concern is for job creation, citing the fact that about half of all business profits now flow through partnerships and small corporations that are taxed at personal rates.

    But look more closely at the argument and it turns out to be "largely bogus," according to Eric Toder, a former Treasury and IRS official who now works at the nonpartisan Tax Policy Center. Very few of those businesses earn more than $250,000 in profit, and those that do tend to be very successful hedge funds and law firms that are flush with cash and unlikely to be dissuaded from hiring extra employees or make new investments because of a 4 percentage-point change in the marginal tax. Because most hiring and investment can be done with pre-tax dollars, Toder said, the tax rate is largely irrelevant to those decisions.


    That's the micro view. The macro view, from the forecasting firm Macroeconomic Advisers of St. Louis, is that not extending tax cuts for high-income households would reduce gross domestic product growth by - drumroll here - two-tenths of one percent in each of the next two years. And the difference in the unemployment rate? A whopping one tenth of one percent!

    These inconvenient truths, however, are simply ignored by Republicans, who would have us all believe that extending upper-income tax cuts is the most crucial economic issue we face - not just this year but for all time
    ."



    The Democrats shouldn't compromise shat and make the Repugs prove unequivocally that tax cuts for the richest should be extended. I'm sick and tired of righwting asshats trying to brainwash Americans into believing that trickle down shat works despite abundance of evidence to the contrary, facking bought-off SOBs.
     
    Last edited: Nov 17, 2010
  2. topspin
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    topspin BANNED

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    yawn
     
  3. WillowTree
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    WillowTree Diamond Member

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    This tactic didn't work out well for Grayson. Now did it?
     
  4. Flaylo
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    Flaylo Handsome Devil

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    Have any brighter ideas dumbass? I'm sure yawning is the best option to lower the deficit :rolleyes:
     
  5. Flaylo
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    Flaylo Handsome Devil

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    Trickle down didn't work, have any explanations except for unprovable partisan bullshat from the right?
     
  6. manu1959
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    manu1959 Left Coast Isolationist

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    it is 250,000 in income not profit....
     
  7. theHawk
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    theHawk Registered Conservative

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    What the hell does that have to do with anything? Tax rates are based on individual's incomes, not how much profit a business makes.
     
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  8. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Yep.....


    *YAWN* (the sequel)
     
  9. manu1959
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    manu1959 Left Coast Isolationist

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    not to mention the unemployed and poor people don't create jobs....demand for goods and services does.....you need money to buy goods and servcies....

    but wtf....give the government all your money so they can build schools and roads and shit in third world countries ..... why americans let thier government send billions around the world while this places goes to hell in a hand basket is beyond me....
     
  10. manu1959
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    manu1959 Left Coast Isolationist

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    bailing out the unions and banks is form of trickle down.....but i am sure you will claim that worked....

    tell me how is taking more money from the citizens going to stimulate the economy and create a demand for goods and servcies thus creating jobs
     

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