Saturday, December 18, 2010

Congress on Failure: It's Our Motto

And now for the final part on how our political leaders succumbed to their lesser sides of their philosophies.

Congress passed and President Obama signed the extension of the Bush (now Obama) era tax-rates. Everyone in fool-ville is hooting for joy because they all agreed (compromised in agreement anyway) that this is best thing since Congress figured out how they could just raise the nation's debt ceiling. It's not just the the middle-class got a couple more dollars in temporary tax relief (temporary because with the debt increase they will have to pay it back and even more), but most importantly the very well to do got really big tax relief gifts from the politicians. These abundant and lavish gifts are a repayment by our legislators' to the wealthy for their control of the political funding machinery that runs the parties' campaign financing processes.

Now we cannot fault the politicians for bowing to the pressures that the well-healed special-interest groups exert, after all the most important thing is getting elected not what you have to give up or agree to to get there. This is a parallel to the public's lemming-like race toward whatever politician promises to support some totally meaningless or inconsequential policy or position that is more critical to the electorate than any of the responsibilities of a free and democratic society. Besides you can flood the media with tons of lies that satisfy and entertain the public while completely avoiding any meaningful discussion of issues and solutions to the problems that are the true business of the government and the governed.

But surely the continuing the tax-rates at this time are essential to the economy, and particularly the lower tax rate for the rich. All the economists that the government consulted agreed that now was not the time to raise taxes, because consumer spending accounts for the bulk of the economy and … Uh, Wait! The consumers, most of them anyway, are not wealthy and the upper rate tax rate doesn't apply to them. I am sure that the upper 1% spends a lot more than you or me, but I also know that it is the rest of us that makes and sustains the economy. So the tax-cuts for the rich isn't needed because of their spending, which they will continue to do and are able to do regardless of this tax-cut.

I know, the tax-cut for the 1% is because these are the people who create jobs for the rest of us. And if we tax them more, then more of us won't get employed. Yeah that must be it. Wait! If these folks create the jobs that make the economy robust then why haven't they been creating these same jobs already? In fact, shouldn't the bad economy have provided a better opportunity for these folks to have created lots of new jobs by now? Oh, and are most of these folks the small-business owners that we hear about creating most of the jobs in the country? Surely, they're not the CEO of large corporations that are so essential that only they can run our major industries effectively, the heads of the banking and finance institutions that have protected us from fiscal irresponsibility so well, the lawyers and law-firms that do most of their work pro bono just to benefit society, or the politicians who serve the public at great expense to themselves and their families.

Ok, but then the tax-cuts for the rich were necessary because we need to give the Republicans this tit-for-tat in order for the Democrats to get their important gifts. And these Democratic party needs were also essential to the economy because without them the economy would suffer. I guess this just means that our legislators and we ourselves are so stupid that we can't figure out that you could let one bill fail and propose another bill that addresses everything else but that didn't include the cornucopia for the rich.

But now that we have the extension, we can all look toward an economy that will absolutely recover. And if it doesn't work out at least we can't hold the politicians responsible because they did everything that was possible.

Besides the politicians need to start focusing on how to make everyone pay their fair share for the debt we just increased. And they need to make damn sure that the 1% don't get hrt by that.

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