Friday Open Thread [10.28.11]
So Arizona is a swing state where, right now, President Obama is leading Mitt Romney by 5, and that is the closest matchup. It all goes to show what massive discrimination on a fascist scale does to a party.
And now, because it is Friday, something non-political:
PHANTOM WATER EDIT from Chris Bryan on Vimeo.
One of these statements is by Paul Ryan, the other is by Chris Coons. Who said which one?
1. “Reforming the corporate and individual tax codes in such a way that simplifies them and lowers rates while raising revenue is critical to our economic recovery”
2. “I believe you can get higher revenues through tax reform and economic growth.”
Just guessing, but I’d go with #1 for Coons — Same message in twice as many words.
Good one. They are true… A roaring economy does generate much higher revenues than a weak insipid economy.
The problem is that cutting taxes further, cutting government expenses more, deflates the economy…
We will need to go through several more years of deficit spending. That has to take place because if we don’t generate or jump start the economy and put 16 million Americans back to work, we will have bigger problems down the road.
Cutting taxes shows a brief economic spurt, then, the economy drops like a rock. 1920’s are a great example. Tax Cuts led to the Great Depression. The 2000’s are another great example. Tax Cuts led to the Republican Philosophy Depression…(maybe a recession because Americans put in a Democrat quickly enough to stop the bleeding).
Raising taxes cause economies to boom, grow monstrously. As soon as Clinton announced he would have no choice but to raise taxes to get the deficit in line, the stock market took off. It was the news they were waiting for…
As soon as we do the same, make it clear that WE WILL BE RAISING TAXES, then companies can go forward with their expansion plans they have sitting around just waiting for the Bush Tax Cuts to Expire…. Mitch McConnell is today’s John Calhoun, that man who ardently defended slavery as an “economic good”, setting back all attempts to eradicate, forcing the war. Mitch McConnell is playing that role today.
The ad depends on the viewer knowing that there is a Democratic alternative to allowing the foreclosure crisis to “hit the bottom.”
Is there a Democratic alternative? If there is one, I’ve never heard about it.
Yesterday I imagined that there were some sane Republicans left somewhere. Today I read this from George Will in Today’s Talking Points Memo:
There is no place for data in today’s GOP.
#1 is Coons, #2 is Ryan.
They do have some differences on the definition of “tax reform.”
Coons explains in his jobs plan that his ideal tax reform is Bowles Simpson, with its 29% top rate on the rich, funded by austerity for the rest of us (that’s a jobs plan?)
Ryan’s tax reform is his own even darker plan already passed by the House with its 25% top rate on the rich, and zeroing out all other taxes on the rich including capital gains, dividends, estate, and corporate income tax. And even more austerity for the rest of us.
Both depend on the magic of tax cuts to create more revenue and more jobs. I wouldn’t buy a used unicorn from either of those guys.
Heres an ad that the Dems should run if mitt gets the nod
http://www.huffingtonpost.com/2011/10/28/jon-huntsman-mitt-romney_n_1064708.html