A Decade of Rhetoric

Most economists agree, taxes are detrimental to a recovery, and there are folks on both sides of the aisle looking to stimulate the economy as this is an election year. Yet the Obama/Pelosi gang insists on waging some asinine class warfare policy of refusing to extend the Bush tax rates for the top 3% of wage earners. They sure want to extent the tax cuts for the middle class, but wait….

Wouldn’t that be an admission of the obvious? It contradicts a decade of rhetoric about the Bush tax rates benefiting only the rich millionaires and billionaires in this country. On top of that, they want to extent the majority of the tax cuts, and rename them: “The Obama Tax Cuts for the Middle Class”. How insulting. I assure you, NOBODY is getting a tax cut, NOBODY! The most you could hope for with this extension would be to keep your taxes at the current rate, there is NO tax CUTS here, people.

Pelosi sure did squawk about how this extension would be voted “without a doubt” before the mid-term recess, assuring us all that she had this covered. Boehner called her bluff as he gained 39 or so blue dog Dem votes to extend ALL tax rates, and Pelosi caved. So now, congress has recessed early to campaign to save their political lives without the extension for any of us. Leaving something like this to the lame duck session is extremely risky. If for some reason the extension is not passed, either procedurally, or to punish the “rich”, and the largest tax hike in US history is exacted on this struggling economy, it would amount to political suicide.

So here is a decade of rhetoric of my own: STOP THE SPENDING! Cut the corporate tax rate, capital gains, extend the current rates for everyone PERMENENTLY and for heaven’s sake stop referring to people making over 200K a year “millionaires”. I am convinced that a few small measure such as these would remove the majority of the uncertainty that is handcuffing our economic outlook. Put the people’s concerns above the unpopular redistributive policy and you might save yourself from the indignity of being viewed as the worst POTUS in history.