As the Occupy Wall Street demonstrators House Minority Leader Eric Cantor called "mobs" took their protests to cities around the country, Republican frontrunners Mitt Romney and Herman Cain denounced the rallies as "class warfare." Meanwhile in Washington, President Obama signaled his support for a 5.6% tax surcharge on annual incomes over a million dollars in […]
Category: Economy
Back in April 2009, Daily Show host Jon Stewart summed up the Tea Party movement, "I think you might be confusing tyranny with losing." His description, it turns out, was exactly right. Tea Partiers complained they were "Taxed Enough Already" despite virtually all receiving tax relief from President Obama and America seeing the total federal […]
This week, Vice President Joe Biden inadvertently turned the heat up on his boss - and warmed conservative hearts - when he declared it's "totally legitimate" for the 2012 presidential election to be "a referendum on Obama and Biden and the nature and state of the economy" because "we're in charge." His candor and willingness […]
For conservatives in general and Tea Partiers in particular, South Carolina is often looked to as a model and a harbinger. 150 years later, the birthplace of secession was hailed as a forerunner of the Tea Party movement. Governor Nikki Haley, Rep. Joe Wilson and Senator Jim Demint (who hosted a GOP presidential forum on […]
Unveiling his $3 trillion debt reduction package Monday, President Obama declared, "This is not class warfare. It's math." But for Republican born-again deficit hawks committed to perpetuating the lowest tax burden in 60 years and the highest income inequality in 80, the accusation is that Obama is threatening to restart a class war their side […]
On Thursday, House Speaker John Boehner peppered his address to the Economic Club of Washington with a dozen mentions of America's so-called "job creators." But in claiming that high taxes and unnecessary regulations have "pummeled" his supposed job producers, Boehner willingly misrepresented the source of and solutions to the nation's economic problems. After all, recent […]
With U.S. income inequality at its highest level in 80 years and the total federal tax burden at its lowest in 60, the last thing America needs to do is further reduce the capital gains tax. As a decade of data shows, the Treasury-draining Bush capital gains and dividend tax windfall for the wealthy not […]
When is a tax cut not a tax cut? According to Republicans, when those receiving it are working Americans and the President proposing it is a Democrat. Because after they spent 2010 ensuring the extension of the Bush tax cut windfall for the wealthy by insisting "you should never have to offset the cost of […]
To mark Labor Day 2011, conservative flame-thrower Michelle Malkin offered American workers a look back at the "top 10 union thug moments of the year." As it turns out, Malkin's union-bashing hyperbole differs little from the leading lights of the Republican Party. While Sarah Palin has decried "union thugs," Mitt Romney promised to take on […]
On Friday, Republicans deployed two talking points - one new, one old - in response to the grim news that the U.S. economy added no new jobs in August. The same GOP leaders who in January gave credit to the "newly elected House Republican Majority" for the economy's strong performance in the fourth quarter of […]

