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In reply to the discussion: About Me and the Prez [View all]

hfojvt

(37,573 posts)
3. I cannot be happy about it
Fri Mar 28, 2014, 12:13 PM
Mar 2014

I mean, it was nice that Hillary, McCain and Romney were defeated (altough I remember you being against that first defeat) but from the hopes I had in 2007 and 2008 to the bitterness of the actual results.

I am pissed off instead.

And it seems to me that Obama deserves much of the blame.

I think Krugman, who also pissed me off here (once again) explains it fairly well, in a backwards fashion.

"To see what I’m talking about, start with actual policies and policy proposals. It’s generally understood that George W. Bush did all he could to cut taxes on the very affluent, that the middle-class cuts he included were essentially political loss leaders. It’s less well understood that the biggest breaks went not to people paid high salaries but to coupon-clippers and heirs to large estates. True, the top tax bracket on earned income fell from 39.6 to 35 percent. But the top rate on dividends fell from 39.6 percent (because they were taxed as ordinary income) to 15 percent — and the estate tax was completely eliminated.

Some of these cuts were reversed under President Obama, but the point is that the great tax-cut push of the Bush years was mainly about reducing taxes on unearned income."
http://www.nytimes.com/2014/03/24/opinion/krugman-wealth-over-work.html?hp&rref=opinion

Because Krugman is once again in the tank for Obama, and says it wrong. The example that he gives right here

"But the top rate on dividends fell from 39.6 percent (because they were taxed as ordinary income) to 15 percent — and the estate tax was completely eliminated."

The fact of the matter is, the sad sad truth, the dirty low down, is that those cuts were NOT reversed under Obama. Instead, MOST of them were made PERMANENT under Obama. And that after not one, but TWO electoral victories where the American people supposedly demanded something different.

Dividends are still, permanently, taxed at a lower rate than wage income and the estate tax was permanently lowered with a permanently higher (and inflation adjusted) exemption.

Strangely enough, I almost feel like if McCain was elected that Congressional Democrats would not have allowed that to happen.

Even if that is not the case, and I concede that is just speculation, to me it is very aggravating that electing Democrats led to such sh*tty results.

It's like you said. We "work to prevent Republicans from screwing us over".

Only to have Democrats screw us over.

So I mean, just fuck, fuck and triple goddamn fuck. What is the POINT?

Is THIS the best we can do?

Because, dammit, it is NOT good enough. Not by a long shot.

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