This Politico story from Friday was had a few odd items, GOP pitches its own econ plan
Boehner, in remarks on the White House driveway, warned that “government can’t solve this problem.”
That would be the same House Minority Leader John Boehner of Ohio who just voted for Bush’s $700 billion stimulus package. The one that Bush insisted have minimal Congressional oversight because just a few months ago John Crybaby Boehner was a a worshiper of big gov’ment intervention, but has changed his religion when a Democrat asks for a better stimulus package with more control over how it is spent. Why would this election change the Right’s habitual tendency to do complete flip-flops in the name of partisan loyalty over what is best for America. Boehner also made a it a point to that businesses should be given even larger tax breaks – a debatable idea that President Obama proposed in December, but Boehner’s proposal is yet again more noise then substance – he voted against energy efficiency tax credits for businesses and individuals ( many of the Obama tax cuts remain in the stimulus package currently being proposed). Jon Kyl, R-Ariz. was also in the same picture at Politico with Boehner; another Republican that voted for Bush’s $700 billion dollar stimulus, but suddenly in 2009 has grave concerns about all this deficit spending. Its mildly interesting to read Kyl’s statements about federal budget deficits over the course of the Bush presidency. He has been utterly consistent – complaining about runaway government spending as his party controlled Congress and the White House, while voting for every Bush budget. Kyl has a master’s degree in Republican bullsh*t. It obviously works since he has managed to bs Arizona voters into keeping him in office. This group, that included Boehner, Kyl and Senate Minority Leader Mitch McConnell(R- Ky) asserted,
Republicans in the House would also like assurances in the bill that Congress will not raise taxes to pay down the $550 billion in federal spending laid out in the Democrats’ bill.
Brilliant piece of economic concern and insight from the party that took the federal budget from a surplus to an historic deficit – a deficit which is in reality a loan on which the nation – individuals and businesses must pay interest. The average American doesn’t have to have a degree in economic to know that Boehner, Kyl, McConnell and most of the Republican party shouldn’t be allow anywhere near a checkbook or spread sheet. Many may not remember, especially since it barely registered on the average Americana’s economic radar, but Republicans tried using tax rebates to jump start the economy in early 2008. That stimulus package failed (the last paragraph at the link about Obama’s plan was bunk and has since changed because of the new president’s attempt to compromise with Republicans) to stimulate much of anything. People paid their utility bills with it or put it in the bank. They didn’t buy the cars, wash machines and other hard goods that stimulate the economy. 10 Absurd Conservative Myths About Obama’s Recovery Plan
2. If we can’t afford (insert pet project here), we certainly can’t afford this.
Yes, we can. What we really can’t afford is a huge recession that undercuts the tax base. That’s a vicious cycle that will make it increasingly harder to dig out the longer this goes on. The Congressional Budget Office projects that the current slowdown will cost the federal government $166 billion in lost tax revenues in 2009 — a number that could easily get even larger in coming years if we fall into a real depression. If we get on that trendline, we could lose a trillion dollars in government revenues by the end of Obama’s first term. We need to invest what we have while we still have it if we hope to have a strong economy going forward.
This argument is based on the limited view that wealth is mainly generated by loaning or borrowing at interest — a common enough assumption among financial people over the past 30 years. A more progressive view is that real wealth is generated by labor, combined with access to resources required for production. Putting people to work creates wealth. So does ensuring that our current failing energy regime is replaced as rapidly as possible with one that’s infinitely renewable and that we will finally be in full control of. And so do other kinds of infrastructure investments, which form the footing on which a new round of businesses can rise and thrive.
Businesses have always invested their capital to create more capital. The best parts of Obama’s proposal involve getting the government to do the same thing. Conservatives are resisting this because don’t believe that there’s such a thing as the common wealth — which is how they’ve rationalized their plundering of our common assets. We need to make it absolutely clear that we do believe in the common wealth — and that their assaults on everything that allows America to generate national wealth are going stop, right here and right now.
The “vicious cycle” is exactly what hard core wingers like Boehner, Kyl and pundits want,
Asked for a response by National Review yesterday, Limbaugh said that Obama’s “plan is to isolate elected Republicans from their voters.” He added that passage of the stimulus bill would hurt Republicans electorally:
Obama’s plan would buy votes for the Democrat Party, in the same way FDR’s New Deal established majority power for 50 years of Democrat rule, and it would also simultaneously seriously damage any hope of future tax cuts. It would allow a majority of American voters to guarantee no taxes for themselves going forward. It would burden the private sector and put the public sector in permanent and firm control of the economy. Put simply, I believe his stimulus is aimed at re-establishing “eternal” power for the Democrat Party rather than stimulating the economy because anyone with a brain knows this is NOT how you stimulate the economy.
I don’t know whether Limbaugh was speaking from his multi-million dollar vacation home in Florida or his multi-million dollar penthouse in New York, or maybe one of the swank hotels he stays at in London. Limbaugh is an expert on economics; America or rather the upper two percent, is currently reaping the rewards of his Church of the Trickle Down.
We’ve actually only gotten second hand snips of what President Obama said in that meeting with Republicans the other day. One zinger was the suggestion that republicans start listening to reason rather then Rush Limbaugh. I think Obama was doing a little tongue in cheek concern trolling. Obama and Democrats probably, and certainly speaking for myself, hope that Republicans do listen to the Limster. I would like to take a moment to offer some sincere gratitude to Rush, Coulter, Malkin, Powerline Blog, Grover Norquist, George W. Bush, Dick Cheney, Fox News, Sarah Palin, Redstate, The National Review and all the other miscreants of the Conservative movement for their help in 2006 and 2008. Without their bizarre world view, lack of ideas, pathological lying, moral and financial corruption in addition to their complete ineptitude at governing – well it all gave Democrats that extra motivation and all moderate minded Americans have a competent president and a majority in Congress. Contrary to Limpie’s head spinning attempt to portray himself as both victim and hero, I wish that Limbaugh and the Right continue to do what they have always done – undermine America. In doing so, even if Democrats are only marginally successful at governing they can look forward to that 50 years of Democratic majorities that makes Limpie cry for his nanny in the middle of the night.
There are two things going on here. One prong of the Great Unifier’s plan is to isolate elected Republicans from their voters and supporters by making the argument about me and not about his plan. He is hoping that these Republicans will also publicly denounce me and thus marginalize me. And who knows? Are ideological and philosophical ties enough to keep the GOP loyal to their voters?
To understand what that drivel means you have to be a paid up member of the Kool-Aid Drinkers for Rush Club. Where upon you will get a secret decoder ring in the mail.