Democrats & Liberals Archives

Shorter Mitch McConnell: The Rich are Too Poor, Help them!

Somebody needs to teach Mitch McConnell a lesson or two about economics. follow me over the jump for the offending quote.

We can't let the people who've been hit hardest by this recession and who we need to create the jobs that will get us out of it foot the bill for the Democrats' two-year adventure in expanded government."

That's right, he's asking for charity for the rich. This is your Republican's populism, which says that the people hardest hit are the folks who still can pay for their food, still can live in comfort and luxury, who aren't losing their jobs in such great numbers, and aren't living paycheck to paycheck.

It isn't class warfare to say that the Rich don't need this money. Corporations and wealthy individuals in this country have a greater share of our wealth than they've had since the stock market crashed.

In 1929.

They literally don't need the money. The rest of us do, and the rest of us will actually spend it, and spending it will turn the wheels of the economy much, much more effectively. Tax cuts in a time like this are generally not too effective, but every dollar counts for the struggling middle class and poor. To expect them to drive a consumer economy without money is silly. That is why Democrats will extend the tax cuts by legislative effort for those making less than 250,000.

Republicans, though, are set to try and filibuster this, to make sure the haves, have even more. Well, if they were really strapped for cash, we would see all boats lowered by the low tide. The rich in this country, though, have seen their share of America's wealth rise.

This position is purely an attempt by the Republicans to prove something that's never been proved: that by making the wealthy more wealthy, the benefits trickle down to everybody else.

Well, they just got done trying to trickle down trillions of dollars in the same way. It did not work.

America does not need to return to this kind of ineffective and corrupt policy. It needs a tax policy that actually works. But to get that, we first need an economy that works. Question is, is the corruption in Washington, which the Republicans in Washington only intend to increase, going to allow the rest of the country to share the wealth our productivity generates, or are they going to continue the pointless concentration of wealth in the hands of a few in this consumer driven economy?

Posted by Stephen Daugherty at September 14, 2010 8:17 AM
Comments
Comment #308445

Stephen,
Personally I believe Congress needs to allow all the Bush Tax Cuts expire at the end of the year. For designed to give back a surplus which never happened, I do believe the Members of Congress need to debate the issues which call for the wamted tax cuts with no strings attached.

Instead, I would like the Democratic and Republicans to create a tax cut which would allow all American Citizens to invest, purchase, and own the future. For why some on Wall Street and Main Street may push the idea that people should be civen umbridled control of tax cuts. Due to the fact Congress is suppose to act like good stewards of the taxpayers money than I do believe all tax braks at this time should lead to America as a Whole becoming Energy Independent and building a Self-Sustainable Green Government and Society.

Besides, giving the present Congress a two month window to make a deal or face losing it all should keep both sides focused on how to best grow the economy and create the good paying jobs needed in the 21st century.

Posted by: Henry Schlatman at September 14, 2010 1:49 PM
Comment #308446

The wealthy got tax breaks so we lower monkey’s could get trickled on. But, the wealthy either sat on their Cheney/Bush created new dollars, or sent them overseas so Chinese workers could get trickled on.

Conservatives now say that if we cut off the wealthy supply of new money they will stop trickling on us…hmmm…considering what the tax cut trickle helped cause, and what, in the aftermath, did not help cure…well, maybe stopping the trickling-on could be the cure we’ve been looking for. 700-800 billion ain’t hay.

Posted by: Marysdude at September 14, 2010 2:03 PM
Comment #308449

McConnell understands it’s up to everyday citizens to speak out on behalf of the wealthy. They shouldn’t have to lobby for themselves. They would look like idiots. Thank goodness the tea party is doing more than their share.

Posted by: Schwamp at September 14, 2010 2:47 PM
Comment #308452

When the GOP takes over the House in November, they are going to have awfully hard time maintaining support for their proposals. See here. The reality is that this is a center-left nation and will be for many years to come.

Posted by: Warped Reality at September 14, 2010 3:22 PM
Comment #308453

What really gets me is that The Republicans are doing damage control after their leader in the House of Representatives said he would be willing to ditch the tax cuts for the rich and just give it to the middle class and poor.

Why are the Republicans afraid of ticking off the two to three percent of Americans who wouldn’t keep their lower rates? In any sane political universe, a tax cut to ninety-seven percent of Americans would be a winner.

Posted by: Stephen Daugherty at September 14, 2010 3:38 PM
Comment #308455

P.S.-
If Republicans don’t want to give credence to the Democratic efforts to paint them as holding tax cuts for the vast majority of Americans hostage to the cuts for the rich, now might be a good time to abandon plans in the Senate to filibuster a bill that doesn’t have the tax cuts for the rich in them.

Posted by: Stephen Daugherty at September 14, 2010 3:41 PM
Comment #308460

The reality is that this is a center-left nation and will be for many years to come.

Posted by: Warped Reality at September 14, 2010

Thanks for the great laugh WR. I read your link and could not find even a hint that your comment above was mentioned, much less true.

What I did find was that a majority of Americans are center or middle right. Perhaps we should enlist the help of Mr. Daugherty so he can sort out the “facts”. LOL

Posted by: Royal Flush at September 14, 2010 5:25 PM
Comment #308461

SD, the reason the GOP is backing away from the House Minority leader’s comments is that the rightmost 35% has been radicalized so much that they absolutely demand 100% allegiance to conservative orthodoxy. Unfortunately, this 35% is really energized and will likely make a majority of November’s electorate. Fortunately, their energy will die down when Boehner becomes speaker and is unable to make any of their ideas work. Then the Left will regroup and get the nation back on track to success for the rest of the decade.

Posted by: Warped Reality at September 14, 2010 5:27 PM
Comment #308462

In any sane political universe, a tax cut to ninety-seven percent of Americans would be a winner.

Posted by: Stephen Daugherty at September 14, 2010

In any sane political universe, keeping taxes for 97% (a false comment) of Americans the same would not be called a tax cut.

Posted by: Royal Flush at September 14, 2010 5:30 PM
Comment #308464

RF, if the nation is center-right, then why do rightist proposals only garner the support of a minority of these poll respondents? A majority oppose repealing the health care law, and 2/3 of the respondents favor repealing the Bush tax-cuts for the wealthiest Americans.

Posted by: Warped Reality at September 14, 2010 5:35 PM
Comment #308466

This link is only for my fellow liberals. Conservatives will not understand a word of it anyway. There is much thought put into it, and thinking and acting along these lines can only help our national future.

http://www.huffingtonpost.com/news/third-world-america

Posted by: Marysdude at September 14, 2010 5:39 PM
Comment #308467

WR…from your own link…”Poll respondents continue to disapprove of President Obama’s signature healthcare legislation, 45 percent to 38 percent.” I guess you missed that.

WR also wrote; “2/3 of the respondents favor repealing the Bush tax-cuts for the wealthiest Americans.”

Really? Here is what your own link stated…”On tax cuts, respondents divided into roughly thirds on whether to extend all the tax cuts, repeal them, or repeal only cuts for the wealthy and extend the rest.”

Please point out to me WR how you get 2/3 favoring repeal of the tax cuts.

Perhaps WR should get some tutoring from Mr. Daugherty on how to parse facts so no one notices the deviation from truth.

Posted by: Royal Flush at September 14, 2010 5:46 PM
Comment #308469

Dude, thanks for the warning about reading your link to the huff and puff post. I wouldn’t wipe my butt with that rag, much less read it.

Posted by: Royal Flush at September 14, 2010 5:51 PM
Comment #308470

RF, where have your reading comprehension & math skills gone?

1/3 support repealing all the tax cuts, 1/3 support repealing tax cuts only for the wealthy only. 1/3+1/3=2/3 support repealing tax cuts for the wealthiest Americans.

Looking at the graphic, only about 32% of people support repealing the health care law. It is true that another 13% of people disapprove of the law, but they want to wait to see it if it works or they don’t know what Congress should do.

Posted by: Warped Reality at September 14, 2010 6:06 PM
Comment #308471

Royal Flush-
What makes Obama’s proposal a tax cut is that whatever Obama does, the Bush Tax cuts, by law, were set to go away.

Taxes would reset to their old rates, if he did nothing.

You want to parse that? Let’s see. Republicans pass a law with a Republican Majority under rules that are actually meant to make it easier to fix deficits, rather than widen them. To pull that off, they have to write it to sunset in ten years, which is what we’re approaching right now.

Put simply, Republicans wrote the logical equivalent of a tax hike into their tax cut bill, a tax hike time bomb. Their hope would be that they would be back in a position to make everything permanent at the end of that time.

If the Republicans succeed in blocking a Democratic bill, they will be fully responsible for the state of affairs that results.

Oh, and WR gets 2/3rds by adding up the people who want the whole tax cuts repealed, and those who simple want only the middle class tax cuts renewed. That is, logically, everybody who doesn’t want the tax cuts for the rich to be extended.

On Marysdude’s article? Why don’t you tell us what’s wrong with that person’s points, rather than simply falling back on a lazy assumption that everybody should just believe you’re right?

Posted by: Stephen Daugherty at September 14, 2010 6:21 PM
Comment #308478

dude, thanks for the info. I checked and found that MH is going to be at a bookstore only about 20 miles from me. going to check into that……..

Posted by: jane doe at September 14, 2010 8:48 PM
Comment #308495

Third World Status is upon us and growing stronger each day. We are now 25th in the world in Math and 21st in Science. Our economy is shot, the rich are getting richer, while the middle class shrinks out of existence, and conservatives think the best way to solve all this is to keep tax cuts for the wealthy so they can send that money overseas. That ought to take care of our math and science problems…hmmm…maybe we should concentrate more on the 2nd Amendment…these other things are too hard to take care of, and when the revolt comes, it will be better if we are well armed.

Posted by: Marysdude at September 14, 2010 11:20 PM
Comment #308511

On Marysdude’s article? Why don’t you tell us what’s wrong with that person’s points, rather than simply falling back on a lazy assumption that everybody should just believe you’re right?

Posted by: Stephen Daugherty at September 14, 2010

Simple to understand. He cautioned conservatives not to read the Huff and Puff piece, and I didn’t.

Posted by: Royal Flush at September 15, 2010 11:39 AM
Comment #308513

WR asks, “RF, where have your reading comprehension & math skills gone.”

I guess to that same dark place that harbors your writing skills.

Posted by: Royal Flush at September 15, 2010 11:42 AM
Comment #308519

Royal Flush, et al.-
Am I going to have to step in here?

Oh, and in other news, John Boehner’s moment of clarity appears to be over.

Posted by: Stephen Daugherty at September 15, 2010 12:40 PM
Comment #308537

RF,
I shouldn’t have denigrated your reading comprehension or math skills. Sorry about that.

In any case, I see that you have not refuted my earlier points. A majority of Americans oppose repealing the Health Care Law and 2/3 of Americans support letting the tax cuts on the wealthiest Americans expire. When you look at things on a policy by policy basis, the country remains pretty center-left on a range of issues. Only 40% of Americans self-identify as conservative. Yes, I know only 20% tend to self identify as liberal, but the lion’s share of so-called moderates lean to the left when you ask about specific issues, as identified in the poll. Looking ahead to 2012 and beyond, if the GOP wants to win more than the 40% who self-identify as conservative they will need to adapt their message and platform to appeal to people who don’t self-identify as conservative. This will probably mean a moderation of their proposals. Right now, the GOP has the economy to distract voters from the consequences of their rightist policies, that won’t be true in 2012 or succeeding elections.

Posted by: Warped Reality at September 15, 2010 4:11 PM
Comment #308541

Another link to ponder.

Posted by: Warped Reality at September 15, 2010 4:58 PM
Comment #308545

WR wrote; “RF,
I shouldn’t have denigrated your reading comprehension or math skills. Sorry about that.”

Thanks for writing that and since I have a pretty thick skin it only raised a few blisters.

I guess we will just have to disagree on polling data as mine disagrees with yours. That’s OK, polls are notoriously slanted to reflect the pollsters agenda.

Posted by: Royal Flush at September 15, 2010 5:28 PM
Post a comment