One of the biggest dishonest moves by the neocon/teabagger driven GOP and it's pundits and parrots is trying to categorize the ending of the Bush tax cuts for the rich as "raising taxes".
The Bush tax cuts were originally designed to "sunset"....they were a temporary measure to give the rich folks/big business owners breathing room to get their acts together, take in some cash and then reinvest that cash into their businesses (aka jobs for the rest of America).
Well, as history shows, that didn't happen....the rich folk downsized, outsourced and off-shored their tax cut money....and they're not too keen on putting it back into the economy.
Part of the recent "deals" regarding our economic recovery that the Obama administration made was to "extend" the Bush tax cuts DESPITE THE FACT that it keeps billions out of the coffers....the GOP was lock step about this during their filibuster crazed actions in the last two years. Instead, they have this insane notion that if you DON'T create jobs but instead just eliminate social programs, the country will be economically saved.
Saved for whom, exactly? Because cutting social programs and services, plus destroying unions IS NOT CREATING JOBS, as the people who had the tax breaks to do just that DIDN'T. So, since the Bush tax cuts DID NOT DELIVER, let them sunset and put that money into the coffers so at least you can have federal programs and State programs to create some jobs....because if you don't have a job, you don't buy stuff. And if you don't have any type of social security/medicare to fall back on during old age/tough times, you become even a bigger burden on society (unless we start a "Soylent Green" program).
Nope, the GOP won't have none of that....rich folk must not go back to the Clinton era taxes where they were doing just fine....they can afford to, they just don't want to.
So the S&P (no liberal institution by any means) put the blame where it rightly lays at this crossroads....at the Party of No's feet, and they don't like it. So the neocon spin machine goes into overdrive......pointing to Wall St.'s plunge as justification of their right wingnut rhetoric. Thing is, this recent loss in Wall St. is NOT unique (see 2008)...and when you add the foreign market influence, etc., one has to wonder why everyone is so shocked by this outcome. Repeating numbers that previously weren't announced in such detail when these events happen is just part of the "gee, it's Obama's watch" scenario that all are playing into....but the GOP has been put in the public's crosshairs, and deflection to Obama alone just isn't cutting it.
And the band played on.
