Daily Archives: February 29, 2012
The amazing hypocrisy of the remaining GOP candidates is astonishing.
They all tout their tax plans as being better than Obama’s and each praises their tax plans as being fiscally responsible and will save money in the long run…NOT!
The Committee for a Responsible Federal Budget – not my favorite people, but they can do their arithmetic – has put together evaluations of the four remaining GOP candidates’ tax and spending plans. Annoyingly, however, they compare these plans to a so-called “realistic baseline” that assumes, among other things, that all the Bush tax cuts are made permanent. So for all the talk of the urgency of deficit control, the need to cut basic social insurance programs, the CRFB is in effect willing to accept as a fait accompli the biggest, most gratuitous budget-busting action of the past couple of decades.
How to fix this? One way would be a current-law comparison, which would involve allowing all the Bush tax cuts to expire. But it also seems to me useful to compare the Republican plans with the Obama administration’s plan, which would at least allow the high-end tax cuts to expire. How does debt under this plan compare with the four Republicans?
Well, here’s debt as a percentage of GDP in 2021 (using the OMB numbers(pdf) for Obama and CRFB for the others):
Yep: as Republicans yell about Obama’s deficits and cry that we’re turning into Greece, Greece I tell you, all of them, all of them, propose making the deficit bigger.
And for what? For reverse Robin-Hoodism, taking from the poor and the middle class to lavish huge tax cuts on the rich.
And I believe that all of them know this, too. It’s pure hypocrisy – and it’s all in the service of class warfare waged on behalf of the top 0.1 or 0.01 percent of the income distribution.
Edit: Emphasis are mine
- “The Party of Higher Debts” (economistsview.typepad.com)
- Norquist: Republicans Will Impeach Obama If He Doesn’t Extend Bush Tax Cuts (kaystreet.wordpress.com)
- Party of Higher Debts (baselinescenario.com)
- Ezra Klein on Repug Budgets (seniorsforademocraticsociety.wordpress.com)
- Can the national debt be cut? How Republican candidates’ plans compare. (csmonitor.com)
- D’oh! Debt Hawks Fear Most GOP Tax Plans Will Increase Deficit (tpmdc.talkingpointsmemo.com)
- 3 of 4 GOP candidates would add to deficits (money.cnn.com)
- New Report on GOP Primary Contenders Says Only Ron Paul Would Reduce the Federal Debt (reason.com)
With his impossibly coiffed and unctuous Mad Men look, Mitt “money bags” Romney oozes the obscenely rich guy persona of wiping his feet with the middle and lower classes (or putting them on the roof of his car). Despite the fact that Willard (an everyman’s name) Romney is estimated to be worth more than $200 million, he makes painful strides to
hoodwink inform average Republican voters that he’s just an average unemployed guy trying to get by. But this predatory capitalist with mountebank business ethics to match doesn’t always remember to pretend that he’s just your average guy. In fact, sometimes he says stuff that would make the Monopoly guy seem average.
Here are some of the greatest Mitt Romney quotes that show him to be the total slimy 0.01 percent guy that he so utterly is:
10. “I get speaker’s fees from time to time, but not very much,” when his fees are $374,000
- Mitt Romney conveniently forgets he once led Rick Santorum by 38 points (dailykos.com)
- VIDEO: Mitt Romney’s Top 10 Out Of Touch Moments (thinkprogress.org)
- This New Comment From Mitt Romney On NASCAR Must Be A Joke (businessinsider.com)
- Just in time for the Oscars, a Mitt Romney parody of “The… (shortformblog.tumblr.com)
- Who does Mitt Romney care about? Mitt Romney, of course (dailykos.com)
- John Cassidy on the Total Incoherence That Is Mitt Romney… (delong.typepad.com)
- Mitt Romney: “Scourge Of The One Percent” (mykeystrokes.com)
In a fiery speech to the United Auto Workers, President Obama defended his decision to bail out the auto industry while ripping into Mitt Romney.
Greg Sargent: “But this speech was about more than the auto-bailout. It was Obama’s case for reelection. This speech constituted Obama’s most ambitious effort yet to weave his defense of the auto rescue into the larger contrast he will try to draw between his vision and the ‘you’re on your own’ ideology he will accuse Republicans of representing.”
Andrew Sullivan: “I worry it positions him a little too far to the left — even if he is addressing a union crowd. But it sure doesn’t make him look afraid or cautious or calculating, does it? It reminds us of the formidable orator any Republican is going to have to counter this fall, and the economic climate and real record that buttresses this president’s case. It’s why he’ll almost certainly win Michigan this fall — and maybe much more.”
Here’s an excerpt:
- Greg Sargent Says That President Obama Has Eaten His Wheaties This Morning… (delong.typepad.com)
- Obama: Auto bailouts worked (politicalticker.blogs.cnn.com)
- Obama, the Non-Candidate (thedailybeast.com)
- Obama hails auto bailout, hits back at GOP critics (newsok.com)
- Analysis: Obama sees ‘load of you know what’ from GOP (whitehouse.blogs.cnn.com)
- Big turnaround in support for auto bailout: Majority now says rescue plan was good for economy (dailykos.com)
- Obama: Politicians rewriting history on autos (thegrio.com)