Posted on 07/11/2010 4:04:04 PM PDT by blam
Japan Just Showed Why U.S. Democrats Will Be Doomed If They Try To Raise Taxes
Vincent Fernando, CFA
Jul. 11, 2010, 11:53 AM
Japan's incumbent political party suffered a massive defeat at the polls this Sunday, as upper house elections left the Democratic Party of Japan with just 47 seats.
The result was far short of prime minister Naoto Kan's 54-seat goal, though the DPJ should still retain power due to their majority in the lower house.
So what's being blamed for their defeat this Sunday? Trying to raise taxes:
Reuters:
"Kan lost the election calling for a sales tax hike," said Koichi Haji, chief economist at NLI Research Institute.
"That is a huge setback for fiscal reform. Now the question is whether Kan can stay in power or not."
The Democrats swept to power last year promising to cut waste and focus spending on consumers to boost growth. Public backing nosedived due to indecisive leadership and while government ratings rose when Kan took over last month, they slipped after he floated a rise in the 5 percent sales tax to help rein in debt.
PM VULNERABLE
A poor election outcome leaves Kan vulnerable to a challenge from party powerbroker Ichiro Ozawa -- a critic of his sales tax hike proposal -- ahead of a September party leadership vote. Few, though, would expect Kan to go without a fight.
Without a coalition majority, the Democrats will need to seek new allies, hampering their push for fiscal reform including a possible sales tax hike.
This is an example of how voters can initially decry budget deficits, but then punish the party who tries to raise taxes as a solution, even the party they once showed overwhelming support for.
[snip]
(Excerpt) Read more at businessinsider.com ...
The Marriage Penalty will be reinstated, hitting Middle Class Two Income Families.
The Rich is a matter of perspective. If you have two nickels to rub together, the Democrats think you're rich.
They’ve claimed they will extend the Bush tax cuts for the lower brackets.
This article makes it clear that the citizenry of any country do not want tax hikes and do not want to see budget deficits.
Therefore, the only way for a politician to actually give the people what they want is to shrink the size and scope of the government.
It ain’t rocket science... well, except to a libtard.
“...they will leave the country with a going-away present...”
And, if any impropiety and illegality are found, the country will leave them all a present right where the sun doesn’t shine.
IMHO
If the Democrats raise taxes, saying they’re doing it
“for the children”, those brilliant, smart, really really bright, intellectual, highly-educated, non-conservative, left-leaning “independents” will fall for it hook, line and sinker and vote left once again.
IMHO
The Democrats are not going to try to raise taxes. They are going to do it. And they will not suffer at the polls for doing it. Why? Because after the 2008 elections,they have developed a new voting base, idiots,a/k/a as young and college students and illegals. Factor in voter fraud and intimidation at the polls, control of the courts and media. This is why, behind the scenes, the Democrats are not panicing.
Because there will NOT be enough votes to override a veto.
“The Democrats are not panicking...”
Because.....”The fifth column is already in the city....”
Correct. And the motto of the Republican Party is: “Kiss the Democrat’s asses good enough and perhaps they they will spare us.”
“And, if any impropiety and illegality are found, the country will leave them all a present right where the sun doesnt shine.”
Unfortunately it will be perfectly legal - however, most Dems will still be around after the election and will have to think REAL HARD regarding voting for a set of policies that were SOUNDLY REJECTED in the mid-term elections just weeks ago.
“Kiss the Democrat’s asses good enough and erhaps they will spare us.”
Please explain.
Thank you.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.