ORLLY?
Over at the NRO, Larry Kudlow comes up with this gem
Hillary’s been out proclaiming her government redistributionist message of “shared prosperity.” Her growth-paralyzing solution? Increase taxes on Americans making more than $200K a year. This is France before Sarkozy stuff.
Incidentally, Hillary’s tax hike plan would slaughter somewhere around 25 million small, owner-operated businesses. How’s that for sound economic policy?
A couple of quick thoughts. Larry, bubbelah, it's tough to accuse Sen. Clinton a growth paralyzing solution when we have almost no growth at all. That's right chief, our GDP grew at .6% in the first quarter this year, the worst growth in four years.
Must be all those tax increases Bush has passed. What's that you say, George Bush has only passed tax cuts. Hmm, you mean with all those tax cuts we have almost no growth? Wow, without growth from those tax cuts, all we are left with is a crippling deficit. But that's the kind of policy Larry loves.
Economic growth slows to a near halt
By JEANNINE AVERSA AP Economics
Writer
WASHINGTON (AP) -- Economic growth skidded to a near halt in the first quarter, with the worst showing in more than four years raising concerns about how long the country's sluggish spell will last.
The Commerce Department reported Thursday that gross domestic product increased by just a 0.6 percent pace in the January-through-March period, much weaker than estimated a month ago. Government statisticians slashed by more than half their first estimate of a 1.3 percent growth rate for the quarter.
Second point is pretty simple. We heard the same kind of dire predictions about a Clinton tax increase in 1993. Didn't happen. Republicans were wrong then. No reason to believe that they are right now.
So to sum up, Clinton passes tax in 1993, Republicans claim the sky will fall, and yet we had growth. We are in year 6 of Bush tax cuts, and we have no growth. But Larry Kudlow would have you believe that his way is the best way, regardless of the facts.
posted by BC @ 8:28 PM
3 comments
3 Comments:
The sky is falling!!!
Larry Kudlow is so full of ..it.
I am doing this off the top of my head, but this is how outragious(out and out LIE) his statement is.
25 million small business owners would be wiped out by increasing taxes on income of more than $200,000(the number looooks biggerrr this way.
3 hundred million people total. I'll be overly generous and say that 60% of our population pays taxes; most of the others would be under age, or too old to work. That's 180 million tax payers.
180 dived bt 25 equals approximately 16%. According to Kudlow, 16% of All American taxpayers are small business owners currently making more than 200k. Forget all the NON small business owners who make more than 200k.
The number is TOTAL CRAP!! This from some schmuck who is on TV everyday as somebody who knows what he is talking about.
In my previous post, 16% should be 14%.
This is for Cliff. I saw you do this to a different question somewhere, but that does not matter. The point is that you called the other person on his BS and asked him where he got the numbers he used, before you made any effort to rebut his statement.
When Kudlow ( or a Republican Politican) says 25 million da da das will lose , forget rebutting the question, but immediately ask, where did you get that number, and refute it's possibility immediately.
As the previous poster said sarcastically, "the sky is falling"! That's how they keep the scare war going; by quoting big numbers that scare people, and in all reality, probably have no reality.
We have to quit rebutting BS numbers and call out the propogandists on where they get their numbers and the probalbe impossibility of their number being REAL.
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