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Awww ... Poor, Poor Kudlow at CNBC!
I love stories like this that get flogged by Drudge: http://www.cnbc.com/id/29434104
Apparently dropping W's tax gift to the weathly and going back to Clinton's tax rate is a "war on investors"! Yes, you know, those super-smart morally-based investors & hedge-fund traders, you know, regular Americans that helped lead us into this current economic mess we face!
I now do believe that there is now end in sight to the greed and scrupulous behavior of Wall Street professionals.
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Maybe the gig is finally up for this band of GOP "conservatives". Feeding the wealthy with tax cuts while placating the less fortunate on social issues as God, gays and guns won't do it any longer. Now that everyone is suffering, the veil is being lifted.
This is particularly evident at CPAC this week.
Just look at how Gov Pawlenty today said that they way to win back "Sam's Club" Americans is through focus on social issues.
That's right. That is their belief. That we need more anti-gay policies, not jobs, bridges, roads or schools.
They have completely lost their way.
February 28, 2009 1:33 PM | Reply | Permalink
Is there a bigger economic-sector jackass than Larry Kudlow? Now? Here in America? Kudlow is the Michael Phelps of the Fiscal Jacquesasserie'.
Even the Right can't stand him. Here's Pat Buchanan from a few days ago:
Larry Kudlow, shut the f*ck up!
February 28, 2009 2:11 PM | Reply | Permalink
THE WAR ON THUGS
I kind a like that. pretty good.
If there is a war against investors of old, I am all for it!!!!!!
February 28, 2009 9:36 PM | Reply | Permalink
Curious typo: "I now do believe that there is now end in sight to the greed and scrupulous behavior of Wall Street professionals."
"now an end" or "no end" in sight...?
"Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements." - Kudlow
How 'bout them unsuccessful earners? And what tax on capital and private funds, I never heard that before.
That said, it's true that raising tax rates can have an anti-stimulative effect just as lowering tax rates can be a stimulus. The thing is, if tax cuts are .99 stimulative, then tax raises would mirror that... and if government spending is say 1.5 stimulative, then you're paying 99 cents to get a buck fifty. Kudlow forgets this minor part of the picture ... conveniently I guess.
February 28, 2009 10:57 PM | Reply | Permalink
Kudlow is one of those guys who has a show just so he can hear himself talk...He has no interest in points of view other than his own, and is continually cutting people off to spout his own drivel...He's just an economic Bill O'Reilly...
February 28, 2009 11:14 PM | Reply | Permalink
You hear Obama talk about the status quo and you realize these guys REALLY DON'T WANT CHANGE.
February 28, 2009 11:18 PM | Reply | Permalink
Kudlow's article (assuming you read it) was a lot more than just tax cuts to the wealthy. He brings up many valid points including the cap-and-trade tax that's going to affect everybody. Taxes on capital gains will affect the majority of Americans (last time I checked over half the country owned stocks). The middle class (despite what Obama preached on Tuesday) will not be getting a tax cut.
March 1, 2009 1:06 AM | Reply | Permalink
Bill, being disagreeable the way you do does not count as presenting sound or rational disagreement. Try to make it amusing if you won't make it serious!
A word to the wise...
March 1, 2009 2:08 AM | Reply | Permalink