Throw Them Out
The complete acceptance of the cretin in chief's lying as his modus operandi is becoming a serious detriment to the office of president. As noted at Eschaton yesterday, the president's approval rating is less than 30%, descending into the level of Nixon's administration. Nixon resigned. An administration that cannot be trusted cannot run this country.
Today at WaPo, the paper talks about his statements in the recent op-ed he wrote, rather than negotiating directly with the Democratic Congress. It calls them incorrect. That means lies.
PRESIDENT BUSH wrote in a Wall Street Journal op-ed Wednesday that "it is also a fact that our tax cuts have fueled robust economic growth and record revenues." The claim about fueling record revenue is flat wrong, and it is shocking that the president should persist in making such errors. After all, tax cuts are the central plank of his domestic policy. How can he fail to understand the basic facts about them?
This is not just our opinion. Harvard's N. Gregory Mankiw, an economic conservative who served as chairman of Mr. Bush's Council of Economic Advisers, has tested the hypothesis on which Mr. Bush's claim is based: He looked at the extent to which tax cuts stimulate extra growth and the extent to which that growth generates extra tax revenue that offsets the initial loss of revenue from the tax cut. Mr. Mankiw's conclusion: Even over the long term, once you've allowed all of the extra growth to feed through into extra revenue, cuts in capital taxes juice the economy enough to recoup half of the lost revenue, and cuts in income taxes deliver a boost that recoups 17 percent of the lost revenue. So a $100 billion cut in taxes on capital widens the budget deficit by $50 billion, and a $100 billion cut in income taxes widens the budget deficit by $83 billion.
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Mr. Bush's op-ed included nice statements about bipartisan cooperation. But the Democrats would be more likely to cooperate with the president if he stopped making things up.
It is understandable that the White House has gotten the country so deeply into debt if they are totally unable to face the truth. It is also time to stop them. Whatever it takes, the country is being railroaded into a position of weakness, debt, commitment in foreign wars that it can't win, by a crooked bunch of liars. That is the truth our government has to face,
Today at WaPo, the paper talks about his statements in the recent op-ed he wrote, rather than negotiating directly with the Democratic Congress. It calls them incorrect. That means lies.
PRESIDENT BUSH wrote in a Wall Street Journal op-ed Wednesday that "it is also a fact that our tax cuts have fueled robust economic growth and record revenues." The claim about fueling record revenue is flat wrong, and it is shocking that the president should persist in making such errors. After all, tax cuts are the central plank of his domestic policy. How can he fail to understand the basic facts about them?
This is not just our opinion. Harvard's N. Gregory Mankiw, an economic conservative who served as chairman of Mr. Bush's Council of Economic Advisers, has tested the hypothesis on which Mr. Bush's claim is based: He looked at the extent to which tax cuts stimulate extra growth and the extent to which that growth generates extra tax revenue that offsets the initial loss of revenue from the tax cut. Mr. Mankiw's conclusion: Even over the long term, once you've allowed all of the extra growth to feed through into extra revenue, cuts in capital taxes juice the economy enough to recoup half of the lost revenue, and cuts in income taxes deliver a boost that recoups 17 percent of the lost revenue. So a $100 billion cut in taxes on capital widens the budget deficit by $50 billion, and a $100 billion cut in income taxes widens the budget deficit by $83 billion.
**************************************
Mr. Bush's op-ed included nice statements about bipartisan cooperation. But the Democrats would be more likely to cooperate with the president if he stopped making things up.
It is understandable that the White House has gotten the country so deeply into debt if they are totally unable to face the truth. It is also time to stop them. Whatever it takes, the country is being railroaded into a position of weakness, debt, commitment in foreign wars that it can't win, by a crooked bunch of liars. That is the truth our government has to face,
Labels: Dirty Tricks, Neocons
posted by Ruth at 3:15 AM
1 Comments:
letterman said bush's ratings are below freezing.
-jello
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