Here's what [the Republicans] argue: Extend the tax cuts for the richest Americans - in fact, make them permanent. Doing so would increase the deficit by $700 billion over the next decade, but this doesn't matter. We did tell you that we're the party of fiscal responsibility, however, so to prove it we'll block the extension of unemployment benefits for millions of jobless workers. Three weeks before Christmas.
In other words, there's no additional money in the national coffers for the victims of the most devastating recession since the Great Depression. But to help investment bankers start the new year right, perhaps with a new Mercedes or a bit of sun in the Caribbean? Step right up, and we'll write you a check.
Friday, December 3, 2010
Democrats Should Show Fight
If the Democratic party is going to stand up to the GOP at all, this is the time. Just because they won the midterm elections doesn't mean you roll over and surrender complete control to them. Do you want cooperation and support down the road? Yeah, sure. I guess. But, if it means not just extending the Bush tax cuts, but making them permanent, than under absolutely no circumstances do you allow this to happen. In fact, if these tax cuts do become permanent it will be nearly impossible for even the staunchest base Democrat supporters to have faith in anyone in public office. Period.
What do the tax cuts mean to Americans, you ask? Well, here is a very simple break down from the great Eugene Robinson of the Washington Post, who writes:
Is this the type of garbage that anyone who voted Democrat in the midterms, or has ever voted Democrat, or has any liberal leanings, or really, any common sense is going to overlook? I really don't see how it would be possible. This one, in my mind falls on Obama, he is the leader of the party. It's time to rally up the troops and crush this in its tracks.
Anybody who has taken any type of Economics course in their life, or even has any sense of how an economy works, or how real world lives are impacted by a complete halt of financial support knows that ending jobless benefits HURTS THE ECONOMY. Think about it, people without any source of revenue take the money given to them by the government and funnel it directly into the economy. This is the money they use to pay rent, buy food, clothes, gifts, make car payments, etc. How is ending that going to help the economy at all?
But, alas, -and I hate to be cynical - the Republicans are not even that clueless to think the tax relief for the wealthiest Americans is actually good for the economy. So why be so adamant it get pushed through? The answer is simple. One, it stops a Democratic agenda, weakens the presidents resume, and what they hope will limit him to one term. Not to mention their chief donators are the ones benefiting most from the tax relief. So, this one falls squarely on Obama's shoulders. The Republicans are crippling the economy, stepping on the little man, and trying to drag Obama out of office after one term. Time for Obama, and the rest of the Democrats, to show some fight and kill the bill. No pun intended. But, I liked it.