FIAF

Meet the new commies. Same as the old commies.
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And then there’s this tool.

There’s no better proof of that than the so-called debate over extending the Bush tax cuts on incomes above $250,000. Unable to defend more tax cuts for the rich, Republicans like to pretend that their real concern is for job creation, citing the fact that about half of all business profits now flow through partnerships and small corporations that are taxed at personal rates.

But look more closely at the argument and it turns out to be “largely bogus,” according to Eric Toder, a former Treasury and IRS official who now works at the nonpartisan Tax Policy Center. Very few of those businesses earn more than $250,000 in profit, and those that do tend to be very successful hedge funds and law firms that are flush with cash and unlikely to be dissuaded from hiring extra employees or make new investments because of a 4 percentage-point change in the marginal tax. Because most hiring and investment can be done with pre-tax dollars, Toder said, the tax rate is largely irrelevant to those decisions.

First, that “very few” number is figuring in all the untold numbers of “businesses” that basically make no money, have no employees, and is merely some retiree selling crap on ebay. I’ve addressed that here before. And, I *think* most folks run businesses in order to make money, not hire folks. That’s merely a positive side effect. So, when the tax rates go UP on those businesses, they lose a bit of their “profit.” Which, according to Mr. Pearlstein, the business owner is just supposed to ignore. Keep on hiring. Take that loss.
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Now, to really work up a froth, we’ve got (put on protective helmet now) Eugene Robinson. Robinson likes John Podesta’s ideas. FUCK the American people, Obama won. [two years ago]

For what it’s worth, my advice for Obama is to forget the Republicans. Not literally, of course – the new House leadership is going to make itself hard to ignore. But ultimately, it’s the president who sets the agenda and who ultimately is held accountable for America’s successes and failures. Obama’s focus should be on using all the tools at his disposal to move the country in the direction he believes it must go.

Tools like the Executive Order.

The Center for American Progress report notes that on the economic issues that so absorb the country, Obama has the power to help jump-start the real estate market by issuing orders that could speed the untangling of the foreclosure mess – and also begin to move the vast inventory of foreclosed properties that weighs so heavily on home prices.

We could make him KING. Wouldn’t that be kewl?

He’s the Decider now.

The proggs have lost their minds.

And now, here’s the cast from Glee performing “Don’t Stop Believing” Korn doing some Pink Floyd. Sorry, but I don’t know how to get the “r” to turn around.

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5 Comments on “FIAF”

  1. Hotspur Says:

    The sooner the Failure-In-Chief rides off into the sunset to bask in the memories of His Greatness for the rest of his life, the better we as a country will be.

    I had plenty of reason to revile my lefty friends before 2008, but they gave me an overriding reason when they inflicted this asshat upon us.

    It took us 232 years to elect our first black president. How much longer will we have to wait to elect our first competent black president?

  2. MCPO Airdale Says:

    It amazes me how much, under GWB, they screamed about a police state. Now, nary a whimper. Frankly, it amazes me.

  3. MJ Says:

    But ultimately, it’s the president who sets the agenda and who ultimately is held accountable for America’s successes and failures.
    ——-
    Ins’t this the same Eugene Robinson who blamed everyone for Obama’s failures but Obama? He’s such a hack.


  4. Wait, so Prez Obama is supposed to ignore the Republicans? What happened to being the Great Uniter, seeing everything in Purple, etc??

  5. jw Says:

    Podesta is a fool. Fools follow fools. Like lemmings off the cliff.


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