Rush once again showed today why he gives the liberals fits. While Obama pretends to be bipartisan about how he will govern, he doesn't really need to, he hasn't, and he probably won't be. In fact he intends to have the government make a power grab from the private sector the likes of which we have not seen since the New Deal. From health care, to automakers, to banks, his Trojan Horse plan is to nationalize as much as he can under the banner of "economic recovery."
The Democrats intend to spend $1 trillion of taxpayer money (that we haven't even earned yet) on government make-work programs like paving roads and painting bridges. But none of this will create any new private sector jobs. Since our economy is based upon the creation of private sector jobs and the sale of goods and services those companies produce, Obama's proposal is destined to fail.
So Rush has proposed, in the spirit of bipartisanship, a compromise, The Obama-Limbaugh Bipartisan Stimulus Plan of 2009.
Mine is a genuine compromise. So let's look at how the vote came out, shall we? Fifty-three percent of voters in this country -- we'll say, for the sake of this proposal, 53% of Americans -- voted for Obama. Forty-six percent voted for Senator McCain, and 1% voted for wackos. Let's give the remaining 1% to President Obama, so let's say that 54% voted for President Obama and 46% voted for Senator McCain. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me.
These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. So Obama gets $540 billion to spend his way. The other people of this country who did not vote for his way get $460 billion spent the way they would like it spent. This is bipartisanship! This is how bipartisanship really works. Okay, Obama wins by a 54-46 majority, so he gets 54% of the trillion bucks. Spend it his way. We get 46% of the trillion bucks to spend our way, and then we compare. Then we see which stimulus actually works and works the fastest, and I will guarantee you that if this plan is adopted, just the announcement that $460 billion will go toward paying for tax cuts, capital gains, and corporate tax rates -- we could throw in some personal income tax rate reduction in order to make sure that the voters don't think it's all about helping the big guys. But we need jobs, do we not?
Who hires people? Businesses! Businesses need tax cuts. The US corporate tax rate is obscene. It is the highest of all industrialized nations. It's 35%. Cut it. Cut it in half. Make the capital gains rate go away for three months, and then get out of the way to see what happens on Wall Street. And once Wall Street starts ticking up 500 points a day, you watch what happens to the rest of the private sector. It will follow right along. This would ensure a bipartisan compromise bill, as Democrats have said that they're always about. It would satisfy the American people's wishes, as polls currently note; and it would also serve as a test, going forward, as to which approach best stimulates the growth of jobs -- and it can be measured side by side. It could be determined where the new jobs are coming from.
As Rush notes, were Obama to announce he were even considering a plan like this, the markets, being forward looking, would jump simply on the news it was being considered (contrast the way the market has reacted to a trillion dollars of proposed government spending). They would go through the roof if businesses actually received $460 billion in tax cuts. Unemployment would drop like a stone as orders for new equipment jumped and plans were made to expand into new markets.
Let's push this plan and see just how fresh, new, open-minded, and bipartisan Obama really is.
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Comments
Ugh. You guys still drinking this stuff? what happened to "we must support the office of the president! Its patriotic!" I digress...
Mine is a genuine compromise. So let's look at how the vote came out, shall we? Fifty-three percent of voters in this country -- we'll say, for the sake of this proposal, 53% of Americans -- voted for Obama. Forty-six percent voted for Senator McCain, and 1% voted for wackos. Let's give the remaining 1% to President Obama, so let's say that 54% voted for President Obama and 46% voted for Senator McCain. (... I'll give you this, even though for the last 8 years, the republican line was screw the minority....) As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me. (... Could we just credit the $460 billion towards IRAQ that about 46% of use didn't want to do in the first place? )
These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. So Obama gets $540 billion to spend his way. The other people of this country who did not vote for his way get $460 billion spent the way they would like it spent. This is bipartisanship! This is how bipartisanship really works. Okay, Obama wins by a 54-46 majority, so he gets 54% of the trillion bucks. Spend it his way. We get 46% of the trillion bucks to spend our way, and then we compare. Then we see which stimulus actually works and works the fastest, (... part of the problem we are in is due to works and works the fastest. We can't even make our own medicines anymore because of the corporations outsourcing to the far east...) and I will guarantee you that if this plan is adopted, just the announcement that $460 billion will go toward paying for tax cuts, capital gains, and corporate tax rates -- we could throw in some personal income tax rate reduction in order to make sure that the voters don't think it's all about helping the big guys. But we need jobs, do we not?
(...Yes we do need jobs, but jobs that pay more than minimum wage, tax cuts will only stimulate short term jobs...)
Who hires people? Businesses! Businesses need tax cuts. The US corporate tax rate is obscene. It is the highest of all industrialized nations. It's 35%. Cut it. Cut it in half. Make the capital gains rate go away for three months, and then get out of the way to see what happens on Wall Street. And once Wall Street starts ticking up 500 points a day, (... how will this happen?...because?? Banking system has not been fixed yet there is no trust in it yet...) you watch what happens to the rest of the private sector. It will follow right along. This would ensure a bipartisan compromise bill, as Democrats have said that they're always about. It would satisfy the American people's wishes, as polls currently note; and it would also serve as a test, going forward, as to which approach best stimulates the growth of jobs -- and it can be measured side by side. It could be determined where the new jobs are coming from.
... interesting test theory. It would be fun to see, if the country wasn't in such a dire situation. I would also remind the right, that no less than a year ago, Bill O'Riely reminded us all that the President should be supported, and not to do so is un-patriotic.
:-)
Barack obama is a socialist and rush is the only one who saw through is crap and is a defender od the rights of the constution! Free interprise system!
Terry carson
its amazing how some of you eat this crap up. what did 8 years of president bush give you? you had a republican president and you had majority in the house and senate for 6 of those years! what did it get us!!! It got us in a recession. And the whole time it was the same chant! support your president! blah balh balh! support bush or your not a real American. Blah Blah BLAH. now your true colors are showing.
GO lookup the word socialist i bet you don't even know what it means.
You're hilarious, I'm adding you to My Examiners.
Conservatives have been reminding liberals since 2001 that popular vote doesn't elect presidents, electoral votes do. The right is so against eliminating the Electoral College because they know it favors them.
So, let's be consistent, shall we Bill?
With that in mind, my counter-offer to Rush is to use the percentage of the electoral votes as a guide instead.
That comes to 32% for tax cuts.
Fair is fair.
-Jim L Cunningham
DC Progressive Examiner
Jim, as you might expect, I have a better idea. Why don't we look at a map of the counties and divide the cash, pro-rata, by the number of counties each guy won. Do a search for "county by county electoral map 2008" (I would give you the link, but we haven't evolved that far yet) and let's go with that. I like Al Gore's approach - whoever has the most wins.
Nah, let's use the Princeton "Changing America" map that shows which counties votes either more left or more right this year. After all, that shows the recent sway of opinion. ; )
www.princeton.edu/~rvdb/JAVA/election2008/
It's the one at the top.
-JLC
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