Obama To The American People: Vote Me Out If You Want Economic Growth

The AP reports something interesting today…

The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily.

Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000.

Tax cuts for people of all incomes are due to expire at year’s end.

Carney’s stand came after former President Bill Clinton caused a political headache for the White House by suggesting in an interview that tax cuts for people of all incomes — including the rich — should be extended into 2013 to avoid economic harm and allow time for a broader fiscal deal.

Pressed directly on whether Obama would support a temporary extension, Carney said: “He will not. Could I be more clear?”

How easy is this for Mitt Romney? All he has to say is “I’m with Bill Clinton. We need to make sure we don’t raise taxes in the middle of Obama’s depression.”

If Romney wants, he can also pull out a history lesson.

In 1930, the unemployment rate was 8.7 percent. That was a recession in the wake of the 1929 stock market crash.

Herbert Hoover, who was president at the time, signed the Revenue Act of 1932 in June of that year. That Act raised the top tax rate to 63 percent.

Unemployment for 1932 averaged over 23 percent by the time the effect of Hoover’s tax increase on the rich (along with the disastrous Smoot-Hawley tariff hike in 1930) was fully felt. It was three years later before it fell below 20 percent.

That might be a little too far gone for people who aren’t history buffs, but Democrats love to hang Hoover around the GOP’s neck. To dredge Hoover’s carcass up and throw him on Obama might be great fun.

It’s amazing that the Obama camp thinks they can carry the whole soak-the-rich/class-warfare standard all the way to the election and that’s a winner for them. Sure, there are polls out there which show that folks are receptive to soak-the-rich. Go poll likely voters and ask them if they think jacking tax rates on everybody will (1) fix the deficit and/or (2) grow the economy.

It came out yesterday that 88 percent of Obama’s 2008 donors haven’t coughed up to him yet this cycle. Does he think the ones who make over $250,000 a year and who aren’t hard-core lefties will be more likely to pony up this time knowing his tax stance, or less?

We keep saying it, and we keep getting validated – Obama’s people are NOT brilliant. They’re clueless.

http://thehayride.com/2012/06/obama-to-the-american-people-vote-me-out-if-you-want-economic-growth/ 




Given that Clinton has already said Mittens has passed the "threshold for eligibility" and has a wonderful track record in the business realm I'd LOVE to see Mittens grow balls enough to utter a statement like that! Hell, getting that guy to utter that he'd repeal OwedumbaCare is a major chore and 70+% of Americans want that failed legislation to die.

CLINTON: [W]hat I think we need to do is to— find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now, and then deal with what’s necessary in the long-term debt reduction plan as soon as they can, which presumably will be after the election.

BARTIROMO: So does that mean extending the tax cuts?

CLINTON: Well, I think what it means is they will have extend—they will probably have to put everything off until early next year That’s probably the best thing to do right now. But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people.

And I don’t think the president should do that. That’s going to—that’s what they’re fighting about. I don’t have any problem with extending all of it now, including the current spending level….The real issue is not whether they should be extended for another few months. The real issue is whether the price the Republican House will put on that extension is the permanent extension of the tax cuts, which I think is an error.

To the uninitiated, this sounds like a cave. But it’s actually the prevailing school of thought on Capitol Hill. There just won’t be enough time between the election and the New Year to address all of these issues, so Congress may just extend its own deadline until early 2013 to avoid severe economic recriminations. Rep. Chris Van Hollen (D-MD) has suggested as much, as has Rep. Paul Ryan (R-WI) — the top House Dem and GOP budget guys.

Got a citation for that 70+%?

Just need a majority of SCOTUS to kill it.
Obama knows they've already killed it. It'll be official shortly..=d>

I already have one. It's a nice one.

I got a citation for running a red light the other day.... 😞

Use the g00gl3!

It's pretty damn easy.

Easier than letting panels of lawyers dump their exorbitant fees into judge's pockets!