And so it is that our "Beloved Leader" continues to show all that he is in fact an enemy of the people by exhibiting through his continuing stubbornness that the American people should not be able to keep more of the money that they work so hard for. He sees the government as being more deserving of that money than the people who actually do the work to earn it. And the fact that he is so completely unwilling to curb what is so obviously a scandalous spending binge, and to then turn around and use that same out of control spending as the excuse needed for raising taxes is completely inexcusable. But what this action does do, is to very clearly lay bare the fact that behind the current economic policies being pursued by Barry and the many members of his party, is the intent to rob from the American people the ability to enjoy the fruits of their labor. When it comes to the Bush tax cuts, which are due to expire at the end of the year, Barry has continued to advocate that only the ones that apply to individuals making less than $200,000 and families making less than $250,000 should be allowed to stay in effect. Always the whiner, he is busy trying to cast the Republicans as being the reckless ones here, by his saying that it is they who are holding those middle class tax cuts hostage by insisting that all of the tax cuts be extended. Barry said he was doing his best to present why it is that he thinks that Congress must let tax cuts for the wealthy expire at the end of this year, arguing the government cannot balance its books without that revenue. Someone needs to tell him that the government’s books would be a Hell of a lot easier to balance if wasn't for his purposely destructive level of spending that borders on being grotesque. And so it was during a recent campaign speech in Cleveland, that Barry once more blasted Republicans for doing nothing more that sitting "on the sidelines" while he and congressional Democrats were busy doing all of the heavy lifting as far as getting the economy back on track. Working being defined by Barry as pushing to pump even more money into the economy the most recent example of which is yet another “stimulus”, on which he wants to spend another $180 billion that we simply do not have. And he is forever making the claim that he is the one now being forced to clean up after what he said were the excesses created during the Bush Administration that have led us to the present economic downturn. You know, every time I hear him say that this whole mess can be traced back no further than the last administration I just want to scream. This whole mess got its start way before 2000, and it was all thanks to the Democrats. This whole mess got its start under Jimmy "Peanut Brain" Carter and was then made even worse under "BJ" Clinton. Now don't get me wrong, I have my own issues with "W", but he and the Republicans did try to reel in the initial culprits that got this mess rolling. That would be Fanny and Freddie and long before 2008, and it was the DEMOCRATS who effectively stopped dead in its tracks any sort of reform from ever taking place regarding either one of these entities. So Barry can just start whistlin a different tune on that one and exhibit just a little honesty for a change. He’s just so pathetic!
Barry’s latest tactic is his attempting to paint House Minority Leader John A. Boehner, Ohio Republican, as being the enemy and as the reason poor Barry hasn't yet managed to revive the economy. Which rings more than just a little hollow when one looks at the still sizable Democrat majorities in both Houses of Congress. Mr. Boehner, who in his own speech in Cleveland late last month challenged Barry "Almighty" to join together in a bipartisan effort to cut spending and extend all of the Bush tax cuts. But Barry has repeatedly shown that he has absolutely no interest in anything bipartisan, saying, "There was just the same philosophy we already tried for the last decade, the same philosophy that led to this mess in the first place: cut more taxes for millionaires and cut more rules for corporations." Again, his only response is nothing but more complete BS. He continues to make it very clear that he is very strongly opposed to any bipartisan compromise the end result of which would result in extending the Bush tax cuts in any way for those who he sees as being the "wealthy" beyond the end of this year. Meanwhile, White House Press Secretary Robert "The Idiot" Gibbs has continued to staunchly defend the president's position on eliminating the tax cuts. “The president's viewpoint is that we cannot afford to extend the tax cuts for those making more than $250,000 a year," Gibbs said. "Most of the spending for extending those tax cuts comes from … incomes that surpass $1 million. Roughly, for a millionaire, that's $100,000 tax cut. I don't think the president believes that we are a $100,000 tax cut from a millionaire away from an economy that works for families that are making $40,000 a year." House Republicans, led by Mr. Boehner, have outlined their own proposal and it essentially calls for continuing all of the Bush tax cuts, including those for the wealthiest Americans, and for returning spending to 2008 levels, which Mr. Boehner has said would save nearly $100 billion in the next fiscal year. "If the president is serious about finally focusing on jobs, a good start would be taking the advice of his recently departed budget director and freezing all tax rates, coupled with cutting federal spending to where it was before all the bailouts, government takeovers and 'stimulus' spending sprees," he said. But then that's the real question isn't it. Is Barry really serious when he says that his focus is on jobs and in strengthening the economy, or is all about something else? Mr. Boehner has said he doesn't understand why the president wouldn't allow a two-year moratorium on tax increases. He told ABC's "Good Morning America, "What that will do is help small businesses who have no clue what the coming tax rates are going to be, gives them some certainty. And if we're able to do this together, I think we'll show the American people that we understand what's going on in the country and we'll be able to get our economy moving again, and get jobs growing in America." But it was White House senior adviser David Axelrod who told Fox News that the president isn't supporting tax cuts for high-income earners because they "aren't asking for them, don't need them and have the money to spend. We have to focus on the priority, which is getting the middle class moving again." This coming from an official representing an administration that has done more, and in a very short period of time, to decimate the middleclass than any previous administration that has come before it. Another senior administration official said the president will endorse extending expiring tax cuts only for the middle class. "No economist has argued" that extending tax cuts for wealthier earners "has a great 'bang for the buck' for the economy," the official said. But what this senior administration seems to be very willing to gloss over is the fact that these top income earners are responsible for over 37 percent of all purchases made. So if their taxes go up, where's their incentive to spend more of the disposable income that they now will have less of because of Barry's tax increases. DUH! Furthermore, this same senior administration official claims, increasing tax revenues from the wealthier taxpayers to reduce deficits "is a much better use of that money." WHAT, SAYS WHO? That is a 'values' statement," the official said, arguing that 97 percent of small businesses "aren't touched by this, and the 3 percent of them that are largely lawyers and lobbyists and financiers … the Republicans want to masquerade them as small businesses." Someone needs to let those 97 percent of those small businesses in on this so that they know that they won't be affected. What an idiotic and nonsensical statement to make. And it is one that has zero basis in anything that would even remotely resemble as being fact. Martin Feldstein, who was economic adviser to President Reagan said all of the Bush tax cuts should be extended for two years because even letting those for the wealthy lapse would be “a blow to a very fragile economy.” A point, I might add, that Barry doesn't seem to get and thus does not agree with.
Barry is also busy making the case for yet another attempt at reviving the economy, through what essentially is a second stimulus, even though that’s not what they’re calling it. They’re not calling it a second "stimulus", because they see that as a phrase that has taken on some rather negative political connotations since the original $800 billion recovery plan and subsequent additions have failed so miserably. Such as failing to keep unemployment down to anywhere near the 8 percent that was promised. But look folks, if it looks like a duck and it quacks like a duck, guess what, IT'S A DUCK! Or in this case a “stimulus.” So now this new “stimulus” comes to us in the form of $180 billion in expanded business tax cuts and also additional infrastructure spending. The president's plan includes a trio of proposals that he “claims” will spur economic growth through tax cuts and investment. This, the latest of Barry’s economic boondoggles, includes three proposals which includes $50 billion for infrastructure investment, a permanent expansion of research and development tax credits for companies and new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011. Barry “the economist” has claimed that these three major steps will help boost jobs and have an overall positive impact the economy. His first step is the pouring of even more taxpayer funds into road and rail infrastructure projects. Now wait just a minute, I may have been born at night, but it sure wasn’t last night, ya know? Isn't that what he said the first "stimulus" package was supposed to do. So I guess I'm just not getting what more money will do, because if the first attempt failed so obviously to yield anywhere near the positive results promised, what exactly is $50 Billion more gonna do? His second and third step of making the research and development tax credit permanent and speeding up tax write-offs for firms when they purchase equipment is not seen as providing much of anything in the effort to strengthen to economy. In fact, Nigel Gault, chief economist for IHS/Global Insight, an economics consulting firm, said he liked both the infrastructure and R&D proposals but “they’re not going to kick-start the economy.” Anyway, as is stands right now, Barry's additional infrastructure proposal presently faces a pretty uncertain future with members of both parties who are more than a little wary about creating any additional spending ahead of November's elections. Even one of Barry's key allies, Sen. Michael Bennet of Colorado, has already announced he would oppose the measure, making the arguments, as many others have, that infrastructure projects can be funded through last year's $814 billion Recovery Act. And so far Barry has gotten no support from Senate Republicans, who, thank God, as long as they stick together, hold enough votes to block anymore wasteful spending action. The administration has attempted to make this new “stimulus” package more attractive to Republicans and business groups in order to improve the chance of passage in the short time Congress will be in session before lawmakers go home to campaign. But the political reality here is that Barry is doing nothing more than simply daring the Republicans to oppose the plan, in an attempt to prove the Democrats’ contention that Republicans will block even their own ideas in their effort to deny Barry any legislative victories. But like I've already mentioned, Barry has substantial majorities in Both Houses and he still should be able to get what he wants by convincing no more than one Republican to go along with him. But the problem lies within his own party. And by proposing business tax breaks that according to nonpartisan analyses, would do more to stimulate the economy than extending the Bush tax rates for the wealthy, Mr. Obama hopes to buttress Democrats’ opposition to extending those rates. And then things get really nauseating when we have Robert “The Idiot” Gibbs this past Tuesday, spewing nothing more than absolute drivel when he says that, "This is about long-term economic growth. This isn’t about the next 60 days or the next 90 days. This is about how do we get our economy fully back on track, how do we get the millions that want to work back to work, and how do we repair the economic damage that’s been going on not just over the past two years but over the past 10 years.” Have you ever such a crock in your entire life? Of course its about at least the next 50+ days! Republicans’ early reactions to the “stimulus” were hostile, as they should have been, especially to Barry's proposals to close corporate tax loopholes to offset any costs. “If the offsets for this new package are other tax increases, then it’s a nonstarter,” Senator Charles Grassley, a senior Republican of Iowa, said in a statement.
So with elections now less than two months away, Barry "Almighty" is desperate to bolster his party's chances and improve his own sagging approval ratings. He is telling voters that they have a very clear choice of either continuing the policies of President Bush or his own policies, which he claims have worked to lessen the recession, although "progress has been painfully slow." Painfully slow? How about totally nonexistent! Thus, Barry continues his attempts to draw that stark line between Democrats and Republicans and, and seems to enjoy whining about how the political battles on Capitol Hill seem to center more around battling him, and not on improving the country. Again he tries to make it sound as if it's all about him, he’s a victim of those mean Republicans. Is this poor me routine wearing as thin on everyone else as it is on me? Polls show voters increasingly disapprove of Barry's pathetic record on the economy and don't see any results from what has proven to be what so many said it was at the very beginning, a bogus $814 billion "stimulus" package/slush fund. The president is also how facing the headwind of an unemployment rate that ticked up in August to 9.6 percent, a long way from that promised 8 percent. Hey y’all, how's that "Hope and Change" workin for ya? And speaking about Republicans, Barry loves to repeat the claim that, "They’re making the same calculation they made just before the inauguration: if I fail, they win," he said. "Well, they might think this will get them where they need to go in November, but it won’t get our country where it needs to go in the long run." Well, a substantial election victory by the Republicans would definitely be a very big step in what is seen by many as being the right direction toward getting our country where it so desperately needs to go. Because what we are in very bad need of right now is some roadblocks being put up that will, if not stop, at least slow down this rapid slide to the left of Barry’s specific making. Republicans have said that they want to give businesses and consumers certainty and that an expiration of the tax cuts would hurt small businesses in particular. Democrats, though, have sought to seize on Republican concerns about the deficit in their defense of allowing the tax cuts for wealthier Americans to expire. They say an extension would add $700 billion to the federal tab over the next decade. Even Secretary of State Hitlery Clinton has now jumped into the fray, labeling the U.S. deficit, projected to weigh in at about $1.4 trillion this year, a national security threat. Speaking at the Council on Foreign Relations, she warned that mounting debt undermines the nation's "capacity to act in our own interest." Democrats face lower poll numbers, internal divisions and the potential to lose the majority in the House as they approach the midterm elections. The Times reported that some Democrats hope that the president's remarks would help to "rally wavering lawmakers who…feel increasingly vulnerable to Republican attacks." The office of Senate Republican leader Mitch McConnell has released a statement saying the president's position is nothing more than an exercise in job killing. "As you may have seen this in the New York Times, President Obama is not only rejecting compromise, he's insisting on a tax hike next year for Americans across the country, including hundreds of thousands of small businesses," a spokesman for the Kentucky senator said. "This is an odd position given the strong bipartisan opposition to tax hikes in Congress, leaving the President in a dwindling group of politicians who still think it’s a good idea to raise taxes in the middle of a recession.” Douglas Holtz-Eakin, a former director of the Congressional Budget Office and an adviser to Republicans, predicted in an interview that “nothing is going to happen between now and the election,” except perhaps for passage of a separate administration package of tax cuts and lending for small businesses. Senate Republicans had been blocking that legislation. So all of the evidence would suggest that while Barry may claim, first and foremost, that his trying to strengthen the economy and bring about job growth, all of his actions say otherwise. So it’s all going to come down to what the American people think in a little over 50 days. My only advice is to make sure that you vote, your friends vote, your neighbors vote and, if they can, your kids vote. This may very well be our last opportunity to get this thing know as our country righted and at least headed in the right direction.
No comments:
Post a Comment