Does Tax Law Make You Crazy?
I've lost track of exactly what day it happened. All the days seem to be running together since Obama 'caved in' to Yertle the Turtle Mitch McConnell. Although, depending on who you talk to, I might be referring to the day Obama hoodwinked Mitch McConnell into going along with some more government stimulus. I guess it depends on whose analysis you believe the most.
During the fifteen minutes or so that I travel to work in the morning, I listen to Stephanie Miller on Green960, and listen to Randi Rhodes (if I get out early enough) or Karel on the way home.
So, let's go back to the day we found out Obama and McConnell had negotiated a deal to give the Republicans their cherished Bush-era tax cuts for the rich folk for another couple of years, and some ruling class props to rich families to evade more estate taxes, in return for an extension for unemployment benefits, and some investments in small business and green energy. To be honest, it's not easy for us ordinary folk to figure this stuff out, so we turn to people we trust to help sort things out. So, let's see, how do my political gurus feel about this?
Keith Olbermann says Obama is 'Goddamned wrong' and betrayed his base.
Rachel Maddow thinks Obama completely sold out, and looks somewhat pitiful in the whole affair.
Lawrence O'Donnell thinks Obama got the best part of the deal.
Randi Rhodes, on the other hand says we should relax. There's more bucks for stimulus than sops to the rich, so Obama got a better deal. Stephanie Miller also thinks Obama did the only thing he could, and Karel is 'done with Obama.'
Not a very unified picture, is it?
When the news broke, I was angry too, and emailed Senator Bernie Sanders from Vermont, who I had heard was going to filibuster the bill. Bernie spoke for almost 9 hours about the evils of the bill, and I agreed with most of what he said. But then strange things started to happen on the right wing...
Charles Krauthammer, the right wing nutjob pretender to the William F Buckley throne of self-important pundits, wrote an article about how Obama swindled the Republicans, and the Democrats didn't even know it! Then Rush Limbaugh, the drug-addled Jabba the leader of the GOP tells us that he hopes Obama's tax deal fails! Pretty much the same words he uttered two years ago that defined the party of HELL NO YOU CAN'T! And finally, to put the nail in the coffin, if you think you can read Sarah Palin's tweets it would also seem she's against the deal!
Many of my friends on facebook have passionately posted their disgust for Obama selling out, so it's a real mixed bag of feelings out there.
Politics is a very complex, convoluted form of energy transfer. I think that it probably was the best deal that could have been made, given these circumstances, and who Obama was dealing with. The GOP was perfectly willing to let taxes go up for all Americans, and let the unemployed sink deeper into poverty, so there was no incentive on their part to 'play nice.' I think the lure of getting these totally unnecessary, totally hypocritical (from a deficit POV) tax cuts was irresistible to McConnell. In return, Obama saved a lot of Americans (the hostages) a lot of pain, and got more stimulus money too. This is all about jobs, jobs, jobs. If we're still at this rate of unemployment in two years, there is little hope for Obama, save the possible candidacy of Palin.
Could this deal have paved the way for the historic repeal of Don't Ask Don't Tell we witnessed yesterday? Hard to prove either way.
So here's the deal: We have 2 years
- to take back Congress
- to mount some creditable media pushback to the FauxNews propaganda machine
- to halt the flood of anonymous political money
- to get this country's economy back on track
Is your hair on fire yet?