PewResearchCenter Publications
Most Support Raising Taxes on High Incomes to Reduce Deficit
September 26, 2011
The public’s confidence in congressional leaders, particularly Republican leaders in Congress, has plummeted as the nation prepares for another round of deficit reduction debates. Just 35% say they have a great deal or fair amount of confidence in Republican leaders in Congress to do the right thing when it comes to dealing with the federal budget deficit, down from 47% in May. Fully 62% say they have little or no confidence in the Republican leaders on this issue.[...]
Not with my TAX CUTS you don’t!
That is the refrain heard from neocons as America struggled to upright a listing economy. And the neocons tax cuts could not be touched – not even to save an American economy in distress. But America’s ombudsmen(voters), in their wisdom, had placed them into positions of power. And the neocons were face to face with a problem America’s ombudsmen(voters) wanted solved.
The Republicans(neocons) started fighting the 2007 recession they caused the same way Republicans of 1929 fought their depression. Both focused away from the cause of the problem. Banks are part of the neocons’ political base.
In the 30′s Republicans focused on increasing America’s income via tariffs. And they were met with the same kind of response that the neocons gave to helping out in America’s financial needs.
Not with my tariff money you don’t!
That was the “tariff” refrain from other countries. And what had been called a depression became a GREAT DEPRESSION of the 30′s.
In 2011 the neocons shied away from increasing America’s income. Instead they focused on decreasing America’s debt. And labor jobs was “it”.
In both cases (1929 and 2007) the financial industry played more than a passive role in the economic distress. Perhaps the reason why the financial industry could play a decisive role in 2007 was the preparation that was done by neocons in 1999.
In 1999 certain banking laws were removed. Those laws had protected America’s economy for seventy-some-odd years. The neocons removed that protection from America’s economy. That returned the banking scenario back to depression era banking rules. All that remained was for somebody to come along and take advantage of banking de-regulation. Somebody did in 2003 and by December of 2007 America reaped the “rewards” of what the neocons did in 1999.
May the Good Lord have mercy on America’s financial soul.
Tags: congressional leaders, deficit, gop leaders, not with my tax cuts you don't, obama draws confidence, public confidence
