Jan 04 2013
The GOP has hit rock bottom. In DC – where its so-called ‘leaders’ are knighted – the GOP has gone native and become a slight variant on the spend-mad democrats. The reality of the 2011 debt ceiling and 2013 fiscal cliff fiascoes have made that crystal clear. Even though Speaker Boehner is mouthing the right platitudes – again.
The American Dream is in peril so long as its namesake is weighed down by this anchor of debt. Break its hold, and we begin to set our economy free. Jobs will come home. Confidence will come back.
We do this not just to boost GDP or reduce unemployment, but to secure for our children a future of freedom and opportunity. Nothing is more important.
As the saying goes: “Fool me once, shame on you. Fool me twice, shame on me“.
Well, in the words of the great Who: “We won’t get fooled again!”
Boehner and McConnell should have had their priorities straight at the end of the last Congress, not starting with this one. Not sure why anyone should believe a word of this anymore.
It is becoming more and more obvious that the DC crowd is short sighted and incompetent.
If someone had woken you from a dead sleep 20 years ago and asked what the Republican Party stood for, you would’ve had no trouble answering: Fiscal restraint, a strong national defense and lower taxes. Those were the three pillars of the GOP.
For reasons that aren’t entirely clear but are probably related to panic and a basic lack of principle, the Speaker of the House and other Republicans in Congress signed on to Democratic calls for “balance” between tax hikes and spending cuts — this despite the overwhelming evidence that spending is the real problem.
So, even before the negotiation began, they abandoned decades of principle on taxes. The result: Two months later, we have a deal, but no balance. It’s all tax hikes.
Many contended Republicans had no choice. The effects of the fiscal cliff were so severe, they said, that a deal — any deal — was imperative. Republicans would be blamed if negotiations fell through.
Recognize this argument? It’s common on Wall Street, where nothing matters but the next fiscal quarter. It pretty much sums up why America is in such steep decline.
Congress can’t plan for the long term and the GOP congress–critters have no spine to sacrifice for the future of our kids. They stole our kids future earnings to get some whacked ‘deal’ and good press. Plain and simple.
And was the deal good for Main Street? No! Unless you like stealing from your kids’ futures.
Who was it good for? The usual political power brokers:
There’s plenty to lament about the capital and income tax hikes, but the bill’s seedier underside is the $40 billion or so in tax payoffs to every crony capitalist and special pleader with a lobbyist worth his million-dollar salary. Congress and the White House want everyone to ignore this corporate-welfare blowout, so allow us to shine a light on the merriment.
Thus Michigan Democrat Debbie Stabenow was able to retain an accelerated tax write-off for owners of Nascar tracks (cost: $78 million) to benefit the paupers who control the Michigan International Speedway. New Mexico’s Jeff Bingaman saved a tax credit for companies operating in American Samoa ($62 million), including a StarKist factory.
Distillers are able to drink to a $222 million rum tax rebate. Perhaps this will help to finance more of those fabulous Bacardi TV ads with all those beautiful rich people. Businesses located on Indian reservations will receive $222 million in accelerated depreciation. And there are breaks for railroads, “New York Liberty Zone” bonds and so much more.
But a special award goes to Chris Dodd, the former Senator who now roams Gucci Gulch lobbying for Hollywood’s movie studios. The Senate summary of his tax victory is worth quoting in full: “The bill extends for two years, through 2013, the provision that allows film and television producers to expense the first $15 million of production costs incurred in the United States ($20 million if the costs are incurred in economically depressed areas in the United States).”
See – nothing for small businesses but a tax hike. But if you are a large business with money to spend on lobbyists….
It is time for the GOP ‘leaders’ to put up, or be shown the door:
But after 85 House Republicans joined Boehner in raising taxes without spending reductions during the end game of Monday night’s fiscal-cliff negotiations, Tea Party leaders and conservative activists from around the country are dusting off their tri-corner hats and “Don’t Tread On Me” signs, and now say that their members are as energized as they have ever been since the first Tax Day protests in 2009. And the Republican Party, they add, had better beware.
“We now have 85 members of the House who have shunned their noses at us,” said Dustin Stockton, a Texas- and Nevada-based operative and the chief strategist of The Tea Party.net. “Our job now is to recruit and inspire and motivate people to run against those Republicans who did it.”
I wish we in VA could join in the house cleaning, but the GOP here won’t let anyone vote in primaries to select their leaders anymore. Just more GOP-brand socialism at work for the elite class.