Kay Bailey Hutchison’s Bizarro World: ‘Every Major Tax Cut In History Has Created More Revenue’
In the budget released yesterday, the Obama administration announced that it would end the Bush tax cuts on the wealthiest Americans, as well as shut off loopholes that effectively eviscerate corporate tax revenues, all in an effort to fuel a robust domestic agenda and start lowering the deficit.
Predictably, the right wing is up in arms over the small tax increase for the richest businesses and families. Sen. Kay Bailey Hutchison (R-TX) complained to a friendly crowd at CNBC this morning that Obama’s tax increases would harm the economy, and insisted the best way to raise revenue is to cut taxes:
HUTCHISON: I think we get revenue the way we’ve done it in the past that has been so successful in the past and that is tax cuts…Every major tax cut we’ve had in history has created more revenue.
In the budget released yesterday, the Obama administration announced that it would end the Bush tax cuts on the wealthiest Americans, as well as shut off loopholes that effectively eviscerate corporate tax revenues, all in an effort to fuel a robust domestic agenda and start lowering the deficit.
Predictably, the right wing is up in arms over the small tax increase for the richest businesses and families. Sen. Kay Bailey Hutchison (R-TX) complained to a friendly crowd at CNBC this morning that Obama’s tax increases would harm the economy, and insisted the best way to raise revenue is to cut taxes:
HUTCHISON: I think we get revenue the way we’ve done it in the past that has been so successful in the past and that is tax cuts…Every major tax cut we’ve had in history has created more revenue.
Rep. Hensarling: Recessions are just ‘a part of freedom.’
Thursday morning on C-SPAN’s Washington Journal, a caller asked Rep. Jeb Hensarling (R-TX) how Republicans would solve the current economic crisis. He replied by insisting that the best cure was more tax cuts, and said that recessions are simply “part of freedom”:
I don’t think we can figure out how to outlaw recessions any more than we can outlaw tornadoes or outlaw hurricanes. … Economic growth has never gone in one straight line up. It goes in a zigzag line. It’s a part of freedom. Sometimes freedom can be messy. Sometimes freedom has reversals. But it certainly beats the alternative.
Thursday morning on C-SPAN’s Washington Journal, a caller asked Rep. Jeb Hensarling (R-TX) how Republicans would solve the current economic crisis. He replied by insisting that the best cure was more tax cuts, and said that recessions are simply “part of freedom”:
I don’t think we can figure out how to outlaw recessions any more than we can outlaw tornadoes or outlaw hurricanes. … Economic growth has never gone in one straight line up. It goes in a zigzag line. It’s a part of freedom. Sometimes freedom can be messy. Sometimes freedom has reversals. But it certainly beats the alternative.
CPAC audience roars with applause when speaker suggests Obama wasn’t born in U.S.
ThinkProgress is attending the right-wing Conservative Political Action Conference today. Earlier this afternoon, Cliff Kincaid, head of a conservative group Accuracy in Media, introduced Rep. Mike Pence (R-IN). Kincaid suggested that President Obama is a communist, then suggested Obama was not born in the United States — to which the crowd cheered wildly.
ThinkProgress is attending the right-wing Conservative Political Action Conference today. Earlier this afternoon, Cliff Kincaid, head of a conservative group Accuracy in Media, introduced Rep. Mike Pence (R-IN). Kincaid suggested that President Obama is a communist, then suggested Obama was not born in the United States — to which the crowd cheered wildly.
BillO and Ingraham really hate being reminded of conservatives' epic failures
Laura Ingraham didn't like President Obama's speech to Congress the other night. What apparently got her goat the most, judging by her carping on Bill O'Reilly's show last night, was what she calls "the immature and rather unbecoming Bush-bashing" -- even though she acknowledges that Bush was never mentioned by name.
Laura Ingraham didn't like President Obama's speech to Congress the other night. What apparently got her goat the most, judging by her carping on Bill O'Reilly's show last night, was what she calls "the immature and rather unbecoming Bush-bashing" -- even though she acknowledges that Bush was never mentioned by name.
There's a reason for that: Obama wasn't blaming Bush specifically for the problems he inherited but conservative Republicans and their misbegotten recipes for certain failure.
O'Reilly briefly reminds us, of how Bush's bad governance opened the door for yet another great national disaster -- namely, 9/11:
O'Reilly briefly reminds us, of how Bush's bad governance opened the door for yet another great national disaster -- namely, 9/11:
O'Reilly: You know what was interesting: After 9/11, when we were attacked, President Bush did not blame President Clinton. I did, partially. I said Clinton wasn't aggressive enough. Other pundits pointed out that under the Clinton administration, there were a series of attacks by Al Qaeda. And there was a response but it wasn't --
Ingraham: Yeah, I pointed it out too.
O'Reilly: But Bush never did that.
Ingraham: Extremely gracious.
O'Reilly: Bush never said, you know: 'My predecessor didn't take aggressive enough action, and now I'm left with this huge mess.'
Ingraham: Yeah, I pointed it out too.
O'Reilly: But Bush never did that.
Ingraham: Extremely gracious.
O'Reilly: Bush never said, you know: 'My predecessor didn't take aggressive enough action, and now I'm left with this huge mess.'
Glenn and Jonah decry 'liberal fascism' ... while touting right-wing populism
You knew Jonah Goldberg had to be somewhere on the set the other day when Glenn Beck opened his Fox program with this:
If you believe this country is great, but progressive fascists are trying to destroy it, this is your wake-up call!
Before explaining exactly what this means, he offers a bit of emotional instability he'd indulged earlier that day: "This morning I kind of lost my mind on Fox and Friends." And he runs the clip, a shoutfest with Steve Doocy:
Doocy: But Glenn, the foundation of our country is our financial services industry. If that goes kaput, we are all screwed.
Beck: No, no. The backbone of our country is not our financial institutions.
Doocy: Yes it is!
Beck: It is not! It is the American people! I do not believe in the government, I do not believe in the banks! I believe in the people! Let the people fix the problem!
You knew Jonah Goldberg had to be somewhere on the set the other day when Glenn Beck opened his Fox program with this:
If you believe this country is great, but progressive fascists are trying to destroy it, this is your wake-up call!
Before explaining exactly what this means, he offers a bit of emotional instability he'd indulged earlier that day: "This morning I kind of lost my mind on Fox and Friends." And he runs the clip, a shoutfest with Steve Doocy:
Doocy: But Glenn, the foundation of our country is our financial services industry. If that goes kaput, we are all screwed.
Beck: No, no. The backbone of our country is not our financial institutions.
Doocy: Yes it is!
Beck: It is not! It is the American people! I do not believe in the government, I do not believe in the banks! I believe in the people! Let the people fix the problem!
Rick Santelli says White House threatened him, then blames his wife as he backtracks
Rick Santelli went on the air with ex-con G. Gordon Liddy and said the White House was threatening him after his Wall street-wingnut-frat boy rant on CNBC.
SANTELLI: He started that press conference saying, "I don't know where he lives. I don't know where his house is." This is the press secretary of the White House. Is that the kind of thing we want? Is that what it --
LIDDY: That's a veiled threat.
SANTELLI: It really is. You know what? This isn't about left or right. I wasn't for any of the bailouts under the last administration. But I don't realize or recall reading the Declaration of Independence or the Constitution where it says that once you vote for somebody in November, you put duct tape over your mouth and you can't say a word for the next four years. That's just not right.
LIDDY: No, it isn't. And that's a veiled threat, you know, "We know where you live," and so forth.
SANTELLI: It really -- it's quite scary.
LAUER: Let me take this a step further. Robert Gibbs, the White House press secretary, commented, called you out in the briefing room, and after you heard his comments, you said that he was threatening you. Are you serious about that?
SANTELLI: Listen, let's put it this way. Matt, you're married, are you not?
LAUER: Yeah, I am.
SANTELLI: OK. This is more about the feelings my wife had when she watched the body language and listened to what he was saying, and I think you understand --
LAUER: But this is the White House press secretary. Do you think he's going to threaten you on national television?
Hate groups blame Obama, economySPLC report says hate group numbers are up 54 percent since 2000.
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