Saturday, December 4, 2010

Trickle Down Economics' Idiocy 4 Dummies

As an addendum to the post below, Rachel Maddow spelled out why people REALLY need to stop talking about this theory like it's a credible thing on her show tonight:


Also, this, from the New York Times:

"Senior Senate Republican aides said that an extension of all the income tax cuts was a foregone conclusion, but that a deal on jobless aid was possible if Democrats agreed to cover the cost. Democrats expressed indignation that Republicans were insisting on finding spending cuts to offset the unemployment benefits while being perfectly willing to add to the national debt the $700 billion cost of continuing the tax cuts on the highest incomes for the next decade."

Honestly, if Obama doesn't at least put forward an argument to the public against extending the Bush tax cuts, can anyone possibly defend him on any front? If he is so cowardly as to not point out (as Rachel Maddow did above) that these tax cuts are opposed to the interests of all but the richest Americans, as well as America itself, then there's really no reason to keep pretending (if you still are), that he's a "champion of progressive causes" on any front.

"The same process occurs, and has always occurred, in every prevalent morality and religion: the reasons and purposes for habits are always lies that are added only after some people begin to attack these habits and ask for reasons and purposes. At this point the conservatives of all ages are thoroughly dishonest: they add lies."

Friedrich Nietzsche, The Gay Science

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