November 19, 2010
QUOTE OF THE DAY.... We talked yesterday about the ways in which the Republican tax policy of the Bush era clearly didn't work. While GOP leaders insisted that the massive tax cuts, geared towards the wealthy, would create jobs, generate robust growth, and balance the budget, none of those predictions came true. They actually had it backwards.
Oddly enough, Rep. Mike Pence (R-Ind.), currently the House Republican conference chairman, suggested yesterday that he doesn't think his party's tax policies worked, either.
"Jim DeMint and I are offering legislation on Capitol Hill today to say, look, let's make all the current tax rates permanent, uh, and then let's start to work from there toward putting in place the kind of policies that'll really get this economy moving again. You know, I think it's fair to say, if the current tax rates were enough to create jobs and generate economic growth we'd have a growing economy. It's not working now. Let's at least give some certainty there and then we'll fight for more tax relief."
Those who watch Pence regularly know he's not the sharpest crayon in the box, but this quote is pretty amazing, even for him.
Pence thought Bush's tax cuts would work wonders. He was wrong. This leads Pence to now believe we should keep the policy that he knows didn't work, and then do more of it. It's the patented "fail and fail again" approach to economic policy.
The 112th Congress really is going to be a national nightmare.
—Steve Benen 9:20 AM
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You are amazed that there are limitless variations of STUPID? I'm not. You are shocked that Retugs will dream up endless new ways to express STUPID? I'm not.
The Rethug's one size fits all economic policy is a two phase program:
1."..... tax cuts."
2."..... more tax cuts."
Posted by: robert on November 19, 2010 at 9:28 AM | PERMALINK
Three words:
Sharron Angle Solutions
Posted by: Trollop on November 19, 2010 at 9:29 AM | PERMALINK
He uses the word "certainty", which, of course, is code that means that the lack of growth is due to the uncertainty of the permanence of the tax cuts, not the cuts themselves. This uncertainty started in 2001, I presume.
Posted by: Mudge on November 19, 2010 at 9:36 AM | PERMALINK
And a continuation of Obama's timidity, compromising in advance,postpartisan malarky,incoherent blend of Hooverian and Keynesian economics,Hello! I must be leaving Afghan war plan, and lack of political astuteness completes the nightmare. The Repub House, BHO, and some 5-10 DINO Senators need be retired in 2012. Progressives need to form as strong and coherent as block as did the Tea Partiers.
Posted by: gdb on November 19, 2010 at 9:38 AM | PERMALINK
I think you mean the Tea Partiers are cohesive, not coherent.
Posted by: beejeez on November 19, 2010 at 9:41 AM | PERMALINK
Benen completely misreads Pence.
The money part of the quote is:
"...then we'll fight for more tax relief."
Pence is such an idiot that he believes that the tax rates were not cut enough and if they were cut enough, the treasury would be overflowing in revenues.
Posted by: SadOldVet on November 19, 2010 at 9:43 AM | PERMALINK
gdb - Please take this short-hand, suicidal gibberish and post somewhere else. Anyone who was paying attention to what Obama said in the campaign is not surprised by what he has done over the last two years. If you want more progressive polices, forcefully advocate for them and the appropriate representatives
Anyone who wants to target "DINO Senators" and our actual president in 2012 is part of a circular firing squad, and is not part of any progressive or even intelligent movement. You're a troll or an idiot. Fuck off.
Posted by: Rathskeller on November 19, 2010 at 9:47 AM | PERMALINK
Let's at least give some certainty there and then we'll fight for more tax relief.-Pence
Oh good, I was hoping someone would float the ol' "more tax relief" solution to all our problems. Americans, and most especially wealthy Americans, really are so burdened today.
Proposal for new TEA party mantra:
White people shouldn't have to pay any taxes. Make those coloreds pay up.
Posted by: BluePotSmokesBetter on November 19, 2010 at 10:01 AM | PERMALINK
The 112th Congress really is going to be a national nightmare.
Nyet. It will be a GLOBAL nightmare. What happens in the USA will have global repercussions.
Posted by: josef on November 19, 2010 at 10:17 AM | PERMALINK
Its not the fact that the takers want more tax cuts.
Its the fact that so many Americans who need Roads, Schools, Police, Fire, Ambulance, Emergency Weather Services, and some level of OVERSIGHT over the uncontrolled greed of corporations; also want to defund the government as well.
None of us in America have paid ENOUGH for all the good things we have. Those things cost money, and they cost even more if you have to buy it from a private company. I trust my government, because its made up of Americans, its not like their going to farm out the work to a 3rd world country like your average large American corporation would in a heartbeat.
Posted by: dumn on November 19, 2010 at 10:40 AM | PERMALINK
Maybe this explains why the Republican leadership is turning down the President's dinner invitation (see http://www.nytimes.com/2010/11/19/opinion/19fri4.html) -- they know they'll look even more stupid next to him.
Posted by: R on November 19, 2010 at 10:55 AM | PERMALINK
Unfortunately, after the Citizens United decision this is what the Government will produce for quite some time.
Posted by: Jamie on November 19, 2010 at 11:26 AM | PERMALINK
all this and unregulated nuclear proliferation, what fun
Posted by: Jamie on November 19, 2010 at 11:27 AM | PERMALINK
Steve, this appears to be a backhanded way to win the current tax rate war. He is not conceding anything. The only thing being offered is "Lets keep the tax breaks for the wealthy".
Posted by: ComradeAnon on November 19, 2010 at 12:34 PM | PERMALINK
GOP LOGIC:
There's nothing that risk-taking businesses need more than certainty about tax cuts that had an expiration date set 9-years ago.
Posted by: mr. irony on November 19, 2010 at 1:18 PM | PERMALINK
Let's at least give some certainty there and then we'll fight for more tax relief.
So we need to get some certainty, and then we can change things some more? If they change the tax code again, then they didn't provide any certainty to begin with.
I swear, Republicans have no idea what the word "certainty" means.
Posted by: Boots Day on November 19, 2010 at 2:26 PM | PERMALINK