A collection of newsworthy information as reported from newspapers, magazines, and blogs.
Saturday, September 18, 2010
Things You Should Know About Democrats Who Oppose The Bush Tax Cut
President Obama's plan to let Bush-era tax cuts expire for wealthier Americans -- many of whom own small businesses that economists say are the No. 1 producer of new U.S. jobs -- is in jeopardy following the release of a letter signed by 31 House Democrats who are calling on Speaker of the House Nancy Pelosi to extend them.
The letter warns Pelosi and Majority Leader Steny Hoyer that "raising any taxes right now could negatively impact economic growth," adding "our economy is still recovering and decisive action needs to be taken to assist the recovery moving forward."
Bean will face Republican Joe Walsh in the general election. They say Walsh lied when he failed to disclose a home foreclosure in 2009 and he didn't submit a U.S. House financial statement after announcing his candidacy.
A Republican Senator from South Carolina, Jim DeMint authored and article titled "Washinton can hear you now." Senator DeMint snarls at the idea that a candidate needs to be electable. Republicans have a slate of candidates who believe in free-enterprise economics, limited government, and individual liberty. DeMint said we will balance the budget, repeal the unconstitutional health-care takeover, create a predictable tax and regulatory environment in which businesses can create jobs, and restore a sense of fairness to the economy. He did not point out how he was going to do this. Instead he rallies the Tea Party, "I knew in my heart that the Republican Party could save this country if it could recruit more members to stand up for the priciples of freedom. DeMint gave the Tea Party their talking points; out of control government spending, creating entitlement programs, and taking over car companies, mortgage companies, the health-care system and financial reform . Now, how are these principles going to help the economy? Based on past exhibits, Republicans have no plan.
DeMint further states that after Barack Obama was elected president, Washington's economic policies went from bad to worse, and none of his so-called legislative achievements (health care and financial reform) lives up to its label. In a short time, the Obama White House and Pelosi-Reid Congress have made clear that they intend to push America to the left of Europe. In other words, all of the economists are wrong. Other than being slanderous and attacking, DeMint has created campaign slogans and sound bites that have no validity.