Is John McCain Stupid, or Does He Think We Are?

Discussion in 'Congress' started by Life_Long_Dem!, Oct 29, 2008.

  1. Life_Long_Dem!
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    Life_Long_Dem! Member

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    Is John McCain Stupid, or Does He Think We Are?
    By David Sirota, AlterNet
    Posted on October 24, 2008, Printed on October 29, 2008
    Is John McCain Stupid, or Does He Think We Are? | | AlterNet

    Is John McCain stupid, or does he believe we are? That's the question as he criticizes Barack Obama for allegedly trying to "redistribute the wealth" with a plan to lower taxes on the middle class and raise them on the super-rich.

    Of course, the Democrat's proposal would merely slow down (not fully halt) the less-talked-about redistribution whereby Washington sends middle-class money up the income ladder. Either McCain doesn't know about this kleptocracy and is the dumbest presidential candidate in history, or he thinks America is too ignorant to recognize theft. Which is it?

    I'm guessing the latter, since the evidence is so overwhelming.

    In the last eight years, we the little people have been forced to provide more and more of the taxes fueling America's redistribution machine. As the Congressional Budget Office reports, the $715 billion in tax breaks that President Bush gave to those making more than $342,000 a year began dramatically shifting the overall tax burden from the rich onto the rest of us. Meanwhile, because of lobbyist-crafted loopholes, most corporations pay zero federal income taxes, according to the Government Accountability Office. The result is what Warren Buffett admits: When counting all taxes (income, payroll, property, etc.), billionaires and Big Business often pay lower effective tax rates than their employees.

    The output of the redistribution machine is becoming just as regressive. In the age of Halliburton fraud and ExxonMobil subsidies, our government spends $93 billion a year on corporate welfare. (For comparison, that's roughly three times what it spends on a traditional welfare program like food stamps.) That doesn't include the recent bailout giving $700 billion to the same banks currently doling out $70 billion in executive pay and bonuses -- a scheme the Financial Times says "amounts to a large transfer of resources from lower to higher income earners."

    Thanks to these redistributive policies -- policies McCain championed in Congress -- the richest 1 percent today owns a larger share of America's wealth than at any time since before the Great Depression.

    The Republican standard-bearer likely knows all this, but his fetish is fact-free fairy tales -- the kind presenting seven houses, a beer-industry fortune and lockstep conservatism as mavericky Joe-the-Plumber populism. When it comes to economics, McCain is banking on Americans believing similarly inane myths -- specifically, those portraying obscene affluence as the commonplace achievement under royalist rule.

    During the indigence and socioeconomic immobility of the 19th century's Gilded Age, this meme flourished through Horatio Alger stories. Today, one in five American children live in poverty, and authorities from the Economist magazine to the Wall Street Journal note that our country exhibits the least amount of upward economic mobility in the industrialized world -- less than even Europe's supposedly sclerotic socialisms. In light of that, sustaining the "American Dream" narrative requires updated rags-to-riches fantasies like "MTV Cribs," HBO's "Entourage" -- and now McCain '08.

    The Arizona senator's pulp fiction packs an extra-nationalistic punch, however. We are not only expected to support regressive redistribution, but also to believe that stopping such robbery is subversive. McCain implies Obama is backing Soviet conquest by proposing to finance tax cuts for 95 percent of American workers with tax increases on the richest 5 percent. When Joe Biden said it is "patriotic" for millionaires to pay their fair share of taxes, Republicans waved the bloody shirt of Reaganism and attacked him -- as if Al Capone-style tax evasion is how aristocrats display their true love of country.

    The GOP campaign, in short, is a brew of redbaiting and free-market zealotry, a concoction with a poisonous purpose: resurrecting the everyone-for-themselves pathologies that perpetuate the status quo. And if we revert to selfish form during this economic crisis, then McCain's cynical calculation is correct: America is a confederacy of dunces.

    COPYRIGHT 2008 CREATORS SYNDICATE, INC.

    David Sirota is a best-selling author whose newest book, "The Uprising," was just released this month. He is a fellow at the Campaign for America's Future and a board member of the Progressive States Network -- both nonpartisan organizations. His blog is at Sirotablog.
    © 2008 Independent Media Institute. All rights reserved.
    View this story online at: Is John McCain Stupid, or Does He Think We Are? | | AlterNet
     
  2. sealybobo
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    sealybobo Diamond Member

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    Remember Clinton's tax increase in 93? It was responsible for the incredible economic growth we had for the rest of the decade. It didn't kill jobs. Republicans still think trickle down works!!!

    But doing the right thing cost the Democrats, because Newt took over in 1994.

    Now we are seeing the results of Newt/Delay's policies.
     
  3. auditor0007
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    auditor0007 Gold Member

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    The truth of the matter is that the middle class and lower income earners don't need or deserve a tax break. Most of them aren't paying taxes as it is right now. A family of four, with two younger children doesn't start paying any taxes until they've earned about $46,000. After that, they're only in the 10% tax bracket.

    That being said, the wealthy could be paying more. I have no problem with the wealthy having to pay a bit more, but let's not make it ridiculous. And secondly, any tax increase on the wealthy should go toward one thing only, and that is to reduce the deficit, not to continue overspending on stupid programs that we don't need and can't afford.
     
  4. editec
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    editec Mr. Forgot-it-All

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    John McCain is not stupid.

    He was hoping enough American voters were though.
     
  5. bigdaddygtr
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    bigdaddygtr Senior Member

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    Truth is middle class aren't paying taxes? Are you kidding me?
     
  6. dilloduck
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    dilloduck Diamond Member

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    That economic growth didn't have anything to do with the incredibly stupid sub prime debacle, did it ? :rolleyes:
     
  7. rayboyusmc
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    rayboyusmc Senior Member

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    No it didn't. Nice rhetorical question though.:eusa_whistle:
     
  8. nia588
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    nia588 Active Member

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    what the heck? most middle class Americans don't pay taxes? i don't know what America you live in.
     
  9. sealybobo
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    sealybobo Diamond Member

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    Companies got cocky when times were good and regulations got laxed and they did some shit they wouldn't have been able to do if the GOP didn't over de regulate.

    Same way as people who took out bad loans didn't think bad times were coming, apparently, neither did the corporations.

    But that's why we regulate. I don't regulate a person who buys a mortgage because if they fuck up, they lose their home. No biggy. But when the banks fuck up, it hurts my home, my stocks, and everyone elses.

    Now do you understand why regulations are necessary? It's not socialism. It's common sense. You don't listen to common sense. You get fired up with buzz words like socialism or fascism!!!
     

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