Thursday, February 14, 2013
Why Do the Democrats Now Like 98% of the Bush Tax Cuts?
After all these years of denigrating and demonizing George W. Bush for getting his tax cuts instituted in 2001 and 2003, we now see that the Democrats agree that 98% of the Bush tax cuts were worthy of support. What changed their minds? What bunch of hypocrites.
You could say that 98% of the Bush tax cuts were good for the country as the Democrats voted overwhelmingly to make them permanent. Was it all political theater? Was their main goal to stick it to the upper 2% to satisfy their base of ultra-liberal lunatics? Of course it was!
The liberal loons showed their true colors - everything is about power and if the opposition has a good idea (like lowering taxes) or have made a good policy decision, they would move heaven and earth to not let them get credit as it might undermine their chances to maintain power. Remember when Bush proposed to let younger workers use part of their Social Security taxes to set up private accounts, using blue chip stocks and AAA bonds, to supplement their retirement savings and payout when they retire, as was proposed by Democrats Daniel Patrick Moynihan and John Breaux, the Democrats shot that down as being an attack on the soon to be bankrupt Social Security system? Most economists said that this partial privatization of Social Security would return 2 or 3 times the retirement benefits to future retirees than the present system would return. Bush even proposed that if the worker wanted to remain in the regular Social Security program, they could make that choice. It was a win-win proposal, but they couldn’t let Bush get credit for that innovative change, could they?
The attack on the successful people (the so-called rich) of our country by the Democrats was all symbolism over substance. The revenue that will be raised by punishing the rich (a/k/a the successful) will only result in about 1% of our yearly deficit. Even if you taxed the wealthy at 100% it still wouldn’t reach the yearly deficit that we run up each year. It is all smoke and mirrors and geared to pacify their ultra-liberal base of supporters who really hate the rich (a/k/a the successful) people who now pay 70% of all the income taxes paid to the government.
Why haven’t we come out of our financial doldrums since Obama took office? Would it have anything to do with his fiscal policies? Of course it would. His policies of putting a moratorium on us capturing our vast amounts of natural energy (oil, coal, and natural gas); his ill-timed Affordable Care Act (Obamacare) that has actually increased health care costs; his constant expansion of the federal workforce (federal employment has increased by over 200,000 since 2009); and his overreaching of trying to implement his green energy program and his wasteful loans to companies (crony capitalism) on the verge of bankruptcy and finally bankruptcy itself, have all contributed to our financial malaise.
So yes, the Democrats now think that Bush was right by lowering the tax rates, but they don’t want to give him credit. Class warfare is one of the things that Obama guru, David Axelrod, and Obama have used in the past and will continue to use in the future to try to advance their Marxist/Socialist ideology.
Will we finally come to our senses? Maybe when we reach the status of Greece or Spain, it’ll finally sink in that we have been sold “snake oil” instead of a dose of “Moving Forward” B.S. as was articulated by Obama.
Conservative commentary by Chuck Lehmann