Mr. Goolsbee said the White House was betting that after a two-year extension of tax policies of President George W. Bush, it would be far harder for Republicans to defend the tax cuts for the wealthy in 2012, when the economy is expected to be stronger, thereby weakening their argument that allowing tax rates to rise for the rich would hamper the recovery.
“In 2012, I believe they will have to stand up and defend, on their own merits, that they think these high-income tax cuts work,” he said. “And they will not be able to do that because they don’t.”
I'm sorry. That's some stupid sh*t.
The 2001 Bush tax cuts have been in place for....let's see now....over 9 years. During those 9 plus years jobs growth flatlined. By the time the White House door hit Bush's ass net job growth during his presidency was.....zero.
There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.
So, I'm freaking guessing that if any of this bullpucky Goolsbee and Obama are talking about had anything to do with winning an argument based on the recent-history merits....then the argument is over, and has been for quite a while. Cutting taxes, especially those which benefit the wealthiest the most, do not result in new jobs being created.
Obama and Goolsbee are "betting" that 24 more months of the same old manure will make a difference when it comes to who is perceived to be correct in their taxes-on-the-rich policy. And that is a very bad bet....if it's really an honest one. Two words here when it comes to perception: "death panels." Perception is dictated by mostly very wealthy media types. The types who desire to keep the tax rates on their millionaire earnings low.
If the economy does recover a bit, as it is expected to in 2011, then Republicans will successfuly argue, through their hometeam media mouthpieces, that keeping those tax rates low on the zillionaires turned the economy around. How that helps Obama, I have no clue.
This is all just a bunch of foolishness. Obama did not have the right approach to cutting a deal with the Republicans. Instead of going to House Democrats first, for Christ's sake, he went to Republican Senators to make a deal.
The truth is that Obama wanted the tax cuts on the wealthy to be extended...in the very same way that Obama, while telling us he wanted a robust public option in health care reform, had already cut deals with AHIP through Max Baucus which prohibited a public option......Obama probably wants the tax cuts on the filthy rich to continue thinking those rich folks will put their money at play in the economy. All I can say is.....how's that been workin' out for ya' the last 9 plus years?
It is difficult for any liberal to accept the fact that these stupid, stupid people are going to have another go at this trickle down, crackpipe, horsesh*t.
Josh Marshall says Obama has lost his swagger.....needs to get his swagger back.
The way I see it, swagger is as swagger does, at least that's what Gump's mother told him.
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