Rush Fatman is wrong again...

Discussion in 'Politics' started by ZZZzzzzzzz, Jan 29, 2009.

  1. (The blimp is wrong again...following the nightmare of Bush who cut taxes and increased spending and left the country broke and so depressed that they even voted in a black man with a Muslim name and little to no experience over a white war he wants to cut taxes and spend again...I think the Fatman is back on the Oxy stimulus plan)

    * JANUARY 29, 2009

    My Bipartisan Stimulus
    Let's cut taxes, as I want, and spend more, as Obama would like.


    There's a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they're left alone. What can make the recession worse is the wrong kind of government intervention.

    I believe the wrong kind is precisely what President Barack Obama has proposed. I don't believe his is a "stimulus plan" at all -- I don't think it stimulates anything but the Democratic Party. This "porkulus" bill is designed to repair the Democratic Party's power losses from the 1990s forward, and to cement the party's majority power for decades.

    Keynesian economists believe government spending on "shovel-ready" infrastructure projects -- schools, roads, bridges -- is the best way to stimulate our staggering economy. Supply-side economists make an equally persuasive case that tax cuts are the surest and quickest way to create permanent jobs and cause an economy to rebound. That happened under JFK, Ronald Reagan and George W. Bush. We know that when tax rates are cut in a recession, it brings an economy back.

    Recent polling indicates that the American people are in favor of both approaches.

    Notwithstanding the media blitz in support of the Obama stimulus plan, most Americans, according to a new Rasmussen poll, are skeptical. Rasmussen finds that 59% fear that Congress and the president will increase government spending too much. Only 17% worry they will cut taxes too much. Since the American people are not certain that the Obama stimulus plan is the way to go, it seems to me there's an opportunity for genuine compromise. At the same time, we can garner evidence on how to deal with future recessions, so every occurrence will no longer become a matter of partisan debate.

    Congress is currently haggling over how to spend $900 billion generated by American taxpayers in the private sector. (It's important to remember that it's the people's money, not Washington's.) In a Jan. 23 meeting between President Obama and Republican leaders, Rep. Eric Cantor (R., Va.) proposed a moderate tax cut plan. President Obama responded, "I won. I'm going to trump you on that."

    Yes, elections have consequences. But where's the bipartisanship, Mr. Obama? This does not have to be a divisive issue. My proposal is a genuine compromise.

    Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let's say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion -- $486 billion -- will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% -- $414 billion -- will be directed toward tax cuts, as determined by me.

    Then we compare. We see which stimulus actually works. This is bipartisanship! It would satisfy the American people's wishes, as polls currently note; and it would also serve as a measurable test as to which approach best stimulates job growth.

    I say, cut the U.S. corporate tax rate -- at 35%, among the highest of all industrialized nations -- in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow. There's no reason to tell the American people their future is bleak. There's no reason, as the administration is doing, to depress their hopes. There's no reason to insist that recovery can't happen quickly, because it can.

    In this new era of responsibility, let's use both Keynesians and supply-siders to responsibly determine which theory best stimulates our economy -- and if elements of both work, so much the better. The American people are made up of Republicans, Democrats, independents and moderates, but our economy doesn't know the difference. This is about jobs now.

    The economic crisis is an opportunity to unify people, if we set aside the politics. The leader of the Democrats and the leader of the Republicans (me, according to Mr. Obama) can get it done. This will have the overwhelming support of the American people. Let's stop the acrimony. Let's start solving our problems, together. Why wait one more day?

  2. "left the country broke" You mean the Goverment.
    Tax breaks put more money in the pocket of the people, the people are more wealthy.

    So if the problerms today are caused by the Goverment being broke what is the sense of making the goverment more broke by spending 800 billion.
  3. [​IMG]
  4. The rich may be richer, but the middle class and the poor are worse off because of Bush's idiotic spend and cut tax policy...

  5. Arnie


  6. Because Limbaugh proposed it. Obama and company will do everything now to avoid any implication that a bill that has any chance of passing will have the taint of Limbaugh on it; right or wrong. I wouldn't cut anyone's taxes who can still afford to eat nor would I fund contraception education or endowment for the Arts programs ...not in a crisis. I might cut corporate tax rates only with a deduction for hiring folded in. This crisis is a result of people on the lower rungs of the economic ladder not being able to afford paying their mortgages right. Then its demand side economics that need bolstering. Like it says, the economy cannot mend itself w/o a viable middle class. When it actually trickles down only then can it trickle back up.
  7. It's interesting that two names are constantly in the news, Obama and Rush. Rush has emerged as the real opposition to Obama. Certainly he is a far better leader than any of the congressional republicans.

    I guess all the predictions that Rush was done were a little premature.
  8. It's simply amazing what the Republican Party has become these days . . . when they have no other "leader" than a self-promoting radio talk show host in Rush Limbaugh.

    How pathetic.
  9. Obama is brilliant to focus on Fatman as the enemy of the state...

    By attacking Fatman's obvious partisanship, it provides an instant demonization of both the Fatman and his extreme right wing wacko ditto headed followers...all without attacking any of the people that actually matter...those who vote in congress.

    While Fatman thinks this is making him more popular, the reality is that it is marginalizing him and his idiot sycophant followers...

    Here comes the fairness act, here comes the fairness act, here comes the fairness act...

    The best thing that could happen is for the big tube of goo to run for public office...hell, with some luck the dumbshit repubs will put him up to run for president...

    #10     Jan 29, 2009