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Thursday, 11 April 2013

Intellectual Dishonesty Bi-Partisan Style

Posted on 14:00 by Ashish Chaturvedi
Patrick Murphy has managed to recruit Steve Stockman for his bipartisan coalition  of morons, the far right extremist who is suspected to have been in cahoots with the domestic terrorists who blew up the OK City Federal Building

-by Bob Lord

If you're sick and tired of partisan bickering in Congress, you may want to reconsider.

You see, one month ago, the "freshman bi-partisan caucus," or "United Solutions" gang, as they're calling themselves, led by 29 year-old Democrat Patrick Murphy of Florida, issued their manifesto, in the form of a statement to President Obama and House leaders in both parties, outlining their supposed bi-partisan solutions. You can find the entire letter here. According to this bi-partisan caucus, which by my count numbers 36 including 13 Democrats, their statement outlines areas of "common ground." My own assessment is that the supposedly common ground bullet points in the statement either are taken straight from the Republican playbook or are proposals with which nobody could conceivably take issue, like "aggressively pursuing Medicare fraud." Wow, that's thinking outside the box.

But the real gem in the United Solutions manifesto is the second bullet point, which reads in full:
Promote economic growth to generate revenue-- Of critical importance is a fair and broad tax plan including eliminating excessive corporate subsidies, tax loopholes and other subsidies to provide lower rates, that will encourage a pro-growth economy, providing added revenue for the federal budget.  We must also encourage innovation with less stringent regulation to help small businesses grow, which will lower unemployment.
How clever! A bi-partisan pander to the top 1% and corporate America. In order to reduce deficits at a time when tax rates on those at the top are near 75-year lows, their "United Solution" is to lower rates.

Of course, if you read the bullet point without keeping its heading in mind, you easily could get the feeling that our bi-partisan friends want to close loopholes and eliminate subsidies as a means of raising revenue. Something tells me this misimpression is what the Democrats in the caucus were hoping for. But you need to read closely. The "fair and broad tax plan" is not intended to close loopholes and eliminate subsidies for the purpose of raising revenue, at least not directly (more on that later). Instead, the loophole closing / subsidy elimination is to be done in order "to provide lower rates."

And, reading carefully, our bi-partisan friends do not wish to eliminate all corporate subsidies, but only the "excessive" corporate subsidies and "other subsidies." Unless there is intellectual dishonesty afoot here (now there's a loophole you can drive a truck through), this means the United Solutions caucus intends to identify for us which corporate subsidies that flow to the members of their collective donor base are "excessive" and must be eliminated, and which corporate subsidies are just sort of, you know, modest, run of the mill subsidies. And supposedly, the "other subsidies" must not refer to any corporate subsidies. Otherwise, there'd be no need to single out the "excessive" corporate subsidies. The net-net: the United Solutions gang is going to eliminate all subsidies except those corporate subsidies they do not deem excessive. So, if you're a non-corporate subsidy recipient, buh-bye, but if you're a corporate subsidy recipient, well, what's not to love? They're going to have a friendly discussion about excessiveness with you. And, of course, your lobbyist is most welcome. Oh, and bring your checkbook.

How about the revenue raising? This will be done through a variant of supply side economics in which you deem one segment of the supply side to be more prolific at revving up the economy than another. Under traditional supply side economic theory, you reduce taxes on all those capable of making investments that will spur economic growth. Our bi-partisan friends have refined that strategy. They're going to reduce taxes on some, but not all, of their friends and increase taxes on others by the same amount. In other words, they're going to "redistribute" wealth. Logically, the increased tax on those who have their loopholes closed or "excessive" subsidies eliminated would reduce growth. But because our bi-partisan friends have ascertained that the folks whose taxes will be reduced are the more prolific of the "job creator" class, the gains will outweigh the losses, and we'll be awash in new revenue. It's really quite simple.

And interesting, too. Under W. Bush, we learned that redistributing wealth from the bottom and the middle to the top would spur the economy and generate revenue. Now, we're learning that if we redistribute that wealth from some of those at the top to others at the top, we'll spur growth and generate revenue. The overall result is that we'll have redistributed wealth from the bottom and the middle to a portion of the top. I'm looking forward to see how this works out. I guess if the economy contracts, we could try going the other way-- that is, reverse the United Solutions plan, then raise rates further while creating more "excessive" corporate subsidies. Heck, maybe we'll just cut GE a big check each year. Oh wait, we already do.

Of course, last but not least, the United Solutions gang proposes we "encourage innovation with less stringent regulation." At first I thought that was a sop to the porn industry, but they must intend something else. I'm a bit at a loss here because everytime I try to think of an industry other than the porn industry where regulation gets in the way of innovation I think of the finance industry (you know, derivatives, credit default swaps, high-speed trading, etc.). Certainly, 36 freshmen would not be that cynical, would they?

I must say, after this tiny taste of bi-partisanship, partisan bickering doesn't seem quite so bad anymore.

And I hope that after Nancy Pelosi read this, she had a nice, motherly conversation with her 13 young pups and explained to them that they need to be more careful with their lunch money.

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Blog Archive

  • ▼  2013 (500)
    • ►  July (35)
    • ►  June (150)
    • ►  May (153)
    • ▼  April (148)
      • If Gay Marriage Were Legal In 1998, Maybe Paul Cro...
      • Ted Cruz vs Chris Van Hollen-- How To Win Friends ...
      • Well, Of Course Rich Kids Are Smarter Than Poor Kids
      • Colbert's Sister-- Next Tuesday
      • NRA Shills In The Senate In Trouble-- At Least On ...
      • Still-active NBA center Jason Collins comes out --...
      • Is The GOP Still In Thrall To The Lavender Scare?
      • Big Brother Never Goes Away-- CISPA Is A Real Dang...
      • Maybe It Really Isn't Fair To Always Just Blame Th...
      • If you've kept up on your mega-bundling, Paris cou...
      • Awwwwww... Frank Luntz Gets Outed-- And Then Gets ...
      • Sunday Classics: My dark history with the rolllick...
      • Does Anyone Think The Republican Party Is The Same...
      • How Long Before Half the Gays Will Vote Republican?
      • Better Know A District-- Or, Better Yet, A Top Not...
      • TV Watch: Say, has anybody been watching this CBS ...
      • South Carolina Closets
      • Swing Districts-- The Utter Failure Of Steve Israe...
      • Unanimous Consent-- If Not Courageous
      • Sunday Classics re-preview: Enter Donizetti's phon...
      • Ooh please, could we have Todd Akin to kick around...
      • This Tragedy Among GOP Closet Cases Is No Longer I...
      • Big Business And Immigration... And Paul Ryan
      • Conspiracy Theory Lunatics Are Now Part of The Rep...
      • Will Her Fealty To The NRA Cost Kelly Ayotte A New...
      • So what would YOU have said at the opening of Chim...
      • You Might Be A Republican If... You Think First Gr...
      • What Has The Republican Party Done To The American...
      • Guest Post By Jay Stamper, Who's Running For The S...
      • Ugly On The Outside
      • TV Watch: Newfangled ways of measuring time (1): F...
      • Ending Jail Overcrowding in LA County-- Guest Post...
      • EMILY's List Up To No Good Again-- In L.A... And I...
      • NRA And K Street Lose A Powerful Senator-- Max Bau...
      • Jim Kolbe (R-AZ) Who Once Voted For DOMA Is Gettin...
      • American Political Elites Are Really Bad-- Roundup
      • Massachusetts Senate Primary-- One Week From Today
      • Who Remembers Weasel Words? Interpreting Ro Khanna
      • What Can We Learn From What The GOP Is Doing To No...
      • Can The Koch Brothers Turn The L.A. Times Into The...
      • Monday Bits-- Colbert's Sister Going To Congress? ...
      • Will Grassroots Democrats Rise Up And Throw The Bu...
      • Capitalizing On Tragedy
      • Republicans And Their Bankster Buddies Have A Plan...
      • Plato: "The Measure Of A Man Is What He Does With ...
      • How The NRA Prevents Law Enforcement From Catching...
      • Lindsey Graham... Not Courageous
      • Our Chained CPI "Contest" Is Over Tomorrow Morning
      • Surprised That Freaks And Kooks Like Glenn Beck Ar...
      • Mark Smith, Democratic Candidate For Pennsylvania ...
      • Not Enough Retirements In The House To Make Room F...
      • Rep. Steve Southerland In For The Fight Of His Life
      • Lindsey Graham, Dzhokhar Tsarnaev, Drones, Constit...
      • Pervez Musharraf Returns To Pakistan, Declares He'...
      • Sunday Classics preview: There's something about t...
      • The Lamest Ducks In The House-- A Beltway-Eyed View
      • How Will Peter King Respond To Rick Perry's Reques...
      • CISPA... Who Betrayed Us Yesterday And What It Mea...
      • Aaron Schock, GOP Closet Twink, Defends Twinkies' ...
      • It Would Be Great To Get Allyson Schwartz Out Of C...
      • Nuggets-- Mostly Gun Control
      • Whose Fault Was The Gun Control Vote In The Senate?
      • Can Republican Closet Case Lindsey Graham Survive ...
      • 104 Republican Congressmen Voted To Reduce Benefit...
      • Welcome To The Ron Paul Institute... No, Really
      • U.S.A.-- A Country Of Economic Refugees
      • More Bits, More Pieces Than I Actually Intended: R...
      • La Reforma Integral De La Inmigración
      • Is Obama Throwing Seniors Under The Bus So He Can ...
      • When Miss McConnell Passes Will "Ding Dong" Top Th...
      • Bits'n'Pieces-- Guns And Religion
      • Republican Party Civil War Roils Illinois And Alaska
      • "Free" Trade-- Another Way For Conservatives To Un...
      • Marco Rubio: "Keep On Dreamin'"
      • How Badly Will Obama's Chained CPI Error Hurt Demo...
      • New & Noteworthy-- If Not News And Newsworthy
      • EPA Director Confirmation Hearings Turn Into A Deb...
      • How Unfair Are Taxes?
      • Help Save Social Security... And Win A 311 Platinu...
      • Death Penalty For Crooked Congressmen And Their Cr...
      • The case of Penney CEO Ron Johnson: Managerial "ge...
      • How Badly Does The GOP Want To Obliterate Unions? ...
      • Sunday Classics: From brooding depths to sparkling...
      • Republican Party Makes A Decision-- They'll Hold O...
      • TV Watch: "Army Wives" soldiers on, taking large c...
      • Pot, Aliens And Politicians... And The Unending Sa...
      • Paul LePage's Shocking Bully Politics In Maine
      • Chained CPI... Is Suddenly An Orphan
      • Wall Street Was Right About Elizabeth Warren-- She...
      • Sunday Classics preview: A haunting little piece t...
      • Some straight people really are grasping that LGBT...
      • Joe Barton (R-TX) And A Buy Bull Environmental Str...
      • Buck McKeon Throwing In The Towel?
      • Ted Cruz's NRA Filibuster Crushed
      • Take a bow, U.S. Attorney Preet Bharara -- scourge...
      • Boehner Comes Through For China Again-- Defeats Ma...
      • Intellectual Dishonesty Bi-Partisan Style
      • Anyone Want To Run Against ConservaDem Adam Schiff...
      • Any Congressional Democrat Who Backs Cutting Socia...
      • Showdown At the OK Corral... Tomorrow
    • ►  March (14)
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Ashish Chaturvedi
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