Posted on 09/11/2001 2:01:10 AM PDT by JohnHuang2
Edited on 04/21/2004 9:00:33 PM PDT by Jim Robinson. [history]
Democrat leaders have been pounding President Bush over his 10-year, $1.3 trillion income tax cut.
The steady flow of rhetoric has the tax cut favoring the rich, erasing the budget surplus and being ineffective in stimulating the economy. As for the Democrats' plan to revive the economy, Senate Majority Leader Tom Daschle, D-S.D., refuses to offer any proposals, saying it's up to the president to move first.
(Excerpt) Read more at jacksonville.com ...
The sky is falling! The sky is falling!
Everywhere, you can hear the din of the doomsayers -- an oddball bunch who draw from the grimness an obdurate contentment and satiation; like a clump of fortune tellers, with fiery eyes and scowling brows plumbing the depths of their crystal balls, they herald darkness and despair.
"U.S. UNEMPLOYMENT JUMPS", proclaimed CNN, barely containing their glee as Friday's employment report was announced.
"UNEMPLOYMENT RATE JUMPS TO 4.9%", screamed CBSNEWS' MarketWatch website.
To hear the prophets of gloom and doom tell it, America is finished.
An economic curse has descended upon us, say the soothsayers of sorrow with melancholy tongues.
Our cornucopic days of roaring opulance and riches are behind us, forever lost, as misery and indigence awaits us.
In the minds of lefties, images of soup kitchens and unemployment lines stretching as far as the eye could see dance in waves of enchantment, as the rush of adrenalin transports them to Nirvana's very embrace.
Exaggeration and hyperbole, you say?
Some might think so.
But think again.
For, behind the long faces of solemnity with each new jolt in the unemployment rate; the feigned expressions of shock at the almost daily carnage on Wall Street, lies a thinly disguised narcissistic conceit, a ray of comfort, borne of a sense of "vindication", somehow.
Whether the gloomers and doomers admit it or not, their destructive resentment of wealth and achievement -- their implacable envy and pitiless grudge -- drives them to relish the bad news.
Donning their phony "populist" facade, the mission is to spread panic, to whip up hysteria into a lather, in hopes of provoking a mass stampede for the exits.
Their ultimate goal? A glaringly apparent desire to undermine confidence and faith in America itself; to cast a pall on Reagan's 'Shining City on a Hill'.
But here's something for the namby-pambys to chew on: America is coming back.
The notion that the most vibrant economy in the world can not and will not ever recover, that our people are condemned to slouch perennially in abysmal morass is the stuff -- not of realists -- but of cowards and milquetoasts.
American capitalism is irrepressible -- a pulsating force of unbridled dynamism; the focus -- not of evil -- but of boundless envy, the world over.
It survived the Carter administration -- what more need be said?
From the beginning of the year, the sequence of events remarkably parallel the situation Reagan inherited in 1980, differing only in degrees of severity.
Then -- as now -- the incoming GOP president grappled with the mess his predecessor so thoughtfully left behind.
And, then -- as now -- the fiercely disloyal opposition, unrestrained by notions of shame nor decorum -- were on the warpath as ever, attempting to blame the incumbent.
Little did the miscreant fools realize they unwittingly set the stage for Reagan to accrue all the credit when the economy came roaring back.
Fasten your seatbelts: History is about to repeat itself.
My two cents..
"JohnHuang2"
There are two Democrats who could be stripped off for a bi-partisan tax cut. Cutting the social security payroll tax makes sense because SSI taxes are highly regressive. They also represent double taxation-- IRA contributions are tax deductible, Social Security taxes are not.
Both Conrad and Dorgan have the unique quality of being former state tax commissioners and, among all the Democrats, are among the brightest when it comes to understanding such issues. Conrad's ticket to the senate was the combination of luck in running against a RINO and acheivement in boiling down the North Dakota state income tax return so it could be filed on a postcard. Dorgan has been sharply critical of Alan Greenspan. These are two guys which Bush could not only peel off, but could possibly appoint to the Federal Reserve and/or Internal Revenue Service with good results.
I don't care for the liberalism of either Senator, but I do give them credit for having the brains and independence to occasionally get off the socialist plantation.
After losing the Congress it looks like at least some of the Dems gave up on that strategy, ha ha ha.
I couldn't agree with you more, Carolinamom =^)
Thank you very much, my friend. You're in 'incurable optimist' yourself, actually. =^)
Exactly..hey, even a broken clock is right twice a day =^)
Your opinion is worth far more than two cents
...... and I hope your right
.
Classic Daschle. President Bush ALREADY made the first move. Damn, I would hate to play chess against Bush.
Now that he is running for president, maybe some brave reporter could ask Kerry "Senator, did you take an economics course between 1993 and today, or is your support for tax cuts to stimulate the economy just a political position given your support of government spending in the past?"
I'm not holding my breath, ha ha ha. Why don't any DC reporters remember this and ask him?
I agree--let them destroy the Economy in people's minds so Bush can get the credit for saving it.
Houston Chronicle--TODAY'S TOP STORIES-- Poll: Most say roll back tax cuts to safeguard Social Security -- As Republicans entertain more tax cuts to boost the limping economy, a new poll Monday showed the majority of Americans favor rolling back President Bush's 10-year, $1.3 trillion tax cut plan that took effect July 1. According to a Washington Post/ABC News poll, 57 percent of Americans favor rescinding tax cuts over using Social Security or cutting federal programs to make up for shortfalls in the budget.
I particularily enjoyed your "right on" accessment on our economic system of capitalism. Of course I always enjoy your finds and opinions anyway.
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