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Reply to "GOP says it'll block bills until tax cuts extended"

quote:
Originally posted by rocky:
Once again, the rethugliteacons are not showing their true hand. The following is an excerpt from The Economist:

If republicans are so worried about the "a job-killing tax hike" discussed in their letter (a distinctly Keynesian perspective by the way), then use the money gained from allowing the tax cuts to expire for the wealthy to fund an extension of the Making Work Pay tax cuts in the stimulus package that went to middle and lower class households. The GOP is refusing to extend the Making Work Pay tax cuts, apparently the jobs lost when taxes go up for the non-wealthy don't count. Since these tax cuts are likely to result in more spending than tax cuts for the wealthy, this would increase rather than decrease jobs. If the GOP really cares about jobs, they'll get on board. If they block the legislation, as they most likely would, then we'll see who is reading the "verdict" from the election correctly.


C'mon rocky. This is NOT from The Economist (a respectable British magazine; center-left on social issues; center-right on economics). This is from a lefty professor at the University of Oregon who has a blog: The Economist's View.

Maybe someone should start a "rocky's lie of the day" thread.

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