okay so to be sure I got this straight
The GOP keep insisting that Low taxes for the wealthy and corporations brings investments and job growth, Yet after 10 Years of the LOWEST rate in history, there is none.
The Left even granted you your extension of this wealthfare in 2 Budget years (because you pulled a NO vote and threatened not to pass ANY extensions letting Unemployment and the Tax credits for the Middle class expire - Boehner's "If you couldn't keep ALL cuts then you would vote for nothing plan" of December 2010?) And STILL it has produced no growth or investments with a stale mate for average consumers and small business lending? I am confused? You said there would be growth if the banks and corps didn't pay high taxes?
They also assert that it is Obama who is accountable for jobs, yet unanimously vote NO to the very bill that would create thousands of jobs in each of the states you are supposed to represent? For no other reason than good ol fashioned Posturing, making sure when you try to get another 4 years in your seat your record shows you never supported any Democratic/Obama policies.
They supported Bush's 700 Billion dollar TARP which bailed out Wall Street provided they agreed to continue lending, Yet vote against Regulations that prevent them from defrauding the consumers that they work for and holding them accountable when they fail to deliver?
They tell the people they represent "I won't vote for Obama's Stimulus"...yet fail to reveal that TWO THIRDS of what comprises the spending is MAINTAINING THE BUSH TAX CODE! Of which you won't vote to let even the top 1% be cut from the Spending?
GE was able to earn a 3.5 Million dollar Green Energy Tax Credit while also NOT paying one dime on 14 BILLION in earnings. Is that what the GOP meant by Growth and Investment? Because GE is also adding 8000 jobs they said, over the next 18 months....I am just not sure if that will be before or after they close their Wisconsin Plant and move it to China (which they also announced) speaking of Wisconsin....how does Ron Johnson not only vote NO on Creating Jobs but has a voting record that helped GE stick it to his state - I'd love to see what they (GE) contributed to his "campaign stimulus package"?
Even less stimulating are the raw numbers. In simple terms - of 234 billion dollars of 'Tax Cuts' for 2010 alone, More than HALF was divided amongst the Top 1% - read 121 Billion dollars for 1.4 million taxpayers - leaving 113 Billion for the other 130 million tax payers - Do You get that? this THIS is what the 1:99 protestors (those that know anyways) are enraged about!!!! HALF of the RELIEF we were sold went to the very people that DO NOT NEED RELIEF, and the worst part is that by 2005 those making less than 75K already received the most they would get - remember the 350 dollar check mailings? and another 25$ or so a week in your paycheck...A Far Cry from the 85,000 in relief that someone like Koch, Dimon or G Dubbya himself gets. So basically for the last 5 years we have been been padding pockets of those in the Top while Crippling those at the bottom. And the GOP has the gal to demand you continue this? They look you in the eyes and tell you if you keep the rich, rich our economy will Grow but the numbers for the last 10 years do not lie and for the Obama haters - it was CONGRESS that continued to pass the tax breaks and Vote No when Obama tried to halt it. Smoke and Mirrors folks and those with the most 'blood' on their hands are already long gone enjoying pensions, parachutes, and life in the top 1%
Bush pitched these breaks in 2001. Under his watch that year there were 132 Million jobs. 3 years later in 2004 the economy showed a drop to 131.4 million jobs. By 2007 there were a reported 137 mil. jobs for a total growth of a whopping 4.8 percent. In stark comparison, there were 111 million jobs in 93 when Clinton Raised taxes, 6 years later his economy boasted a 16 percent GROWTH with more than 129 million jobs. In 2008 - 2010 not only did we loose jobs but Investments as well.
A House whose only consistency in voting is doing Nothing is not working. Tax cuts for Millionaires is not working. And 14 Million Americans are not Working either. The only difference is The Republicans Not Working on that hill are still collecting a 6 figure paycheck at the same time they are voting NO to your Jobs, and campaigning to eliminate your Unemployment Benefits, Medicare, and Soc Security as "costly entitlements." while they are receiving universal free healthcare, and striving to get that congressional pension.
Moral of the story folks: A Mad Man once said "Tax relief will create new jobs, tax relief will generate new wealth, and tax relief will open new opportunities." A Wise Man once said "Insanity is doing the same thing over and over and expecting a different result."
as always the views expressed in this rant are my own, comment at your own risk as their is no life guard on duty
No comments:
Post a Comment