Wednesday, December 15, 2010

Obama Tax Cuts for the Rich. Also, Where's the Tea Party on Spending?

So, President Obama said today that he is convinced that this tax cut plan will help grow our economy and create jobs in the private sector. Mr. President, how can you say that when the experts for decade after decade have shown that tax cuts don't create jobs!! Quoting the author, John Keefe, of CBS Money Watch: "A strong pace for job creation is two million or more a month. The Bush tax cuts of 2001 were followed by job losses for about a year, and didn’t get near two million a month until November 2003." See the below graph (click to enlarge) for a visual representation of this:So, basically, President Obama is the newest, minted, Republican. He has essentially ceded the tax debate to the Republicans and Conservatives by lobbying for a tax plan that was started by the man he fought so hard to replace; George W. Bush. And people wonder why I'm now a Green Party supporter; with Democrats like Obama? I understand the position that he's in but it was he, and the other Democrats that put him in this position. So, (as usual) they have no one to blame but themselves. They never let a good idea get in the way of capitulating. Yet, as usually they attack the watch-dog voters who in this case happen to be Liberals.

Meanwhile, the Tea Party is showing it's true party platform, which is nothing less than supporting what the corporatist Republicans on this tax cut "compromise." The Tea Party nearly rioted over when the Democrats used government spending to improve the health care for all Americans. Yet, now that this tax package rolls in at a cost of $900 BILLION, (which, is more than the stimulus package) they are silent. I always knew that they were phonies but this confirms it. Their conviction ends up fading like the flavor of weak tea.

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2 comments:

TAO said...

Well, it used to make me mad when someone would refer to GWB as "a liberal"....

Now I find out that if I criticize Obama I might be a racist....

All the tax cuts, all the spending, and two wars and we created no jobs from 2000 to 2009....

I am starting to realize that GWB might have been a liberal...

In exactly the same way Obama is a liberal....

Handsome B. Wonderful said...

Exactly, Tao.