Well some polls are showing some separation in the Republican race. This week could get interesting.
I am still perplexed as to what any Republican will do though. The mantra against Obama is still we must get him out of office because he is hurting the economy and will tax us to death. Yet that doesn't say anything so I have been thinking about that.
The Republican faithful are still really buying into this thought above, but you can feel they still aren't quite sure what to do with their choices. I talk to many people around the country and the Republicans are blindly blaming Obama for the situation now completely forgetting he inherited this mess, yes he hasn't fixed it, but not his fault.
So where do we go from here. It goes back to some previous posts and a bit more. Two things need to happen to help us out. One we do need to reduce spending. A comprehensive look at our spending would be great, will we ever get it, well definitely needs to be seen to be believed.
The other aspect is we need to raise revenue.(and revenue doesn't mean new taxes) Now some people including Obama use the concept of raising taxes to raise revenue. And he runs into the problem of a good realization that only the rich have money to be taxed so he comes out saying the rich need to pay more.. Not the most productive move for him. The rich are spending millions to get rid of him and they use his attack on them to rally the Republican faithful about taxing us to death. Most Republicans are middle class to upper middle class and do not see the separation about taxation for increasing for rich only. Another obstacle in the way of Obama when it comes to taxes and he realizes it, but doesn't communicate it well is that the middle class is already taxed to death.
Not only do we pay income tax, but some pay state tax, property tax, sales tax, gasoline tax, sin tax, the list goes on. If you truly broke down a budget the middle class does pay a disportionate amount of taxes than the rich. And of course Congress doesn't help because they don't care about the middle class. The Republican leadership relies on their faithful to come together at election time so they can elect a puppet to protect the Republican leadership's interests and money. The faithful still don't get this because well there isn't a true conservative voice out there to give them a real choice. There are the faith based conservative sound bites from some of the candidates, but truly protecting our middle class economically and value wise, well you can forget about it. But I am diverging.
The point really is about raising revenue. And this is where Obama is failing. We don't need to raise taxes ( actually they do need to be simplified) but finding ways to raise money within what we have. What the Republican faithful doesn't realize is that the economic oligarchy that runs the Republican leadership
doesn't get that ruining our economy isn't in their best interests so they don't listen to any new ideas. Okay I am diverging again.
The point is to help our country's budget is to think about raising the economic standards of the middle class again. You don't have to raise taxes if people are making enough to pay taxes. In fact you could lower them proportionally if everyone had a decent income. Basically the more people that can pay means there is more coming in and so each person pays less at the individual level. Can we get a President and Congress to realize this, well we need to or we are shot as a country.
So if our brillant Republican candidates want to capture the country's attention they need to break off from the economic oligarchy, forget the Fox propaganda machine, and develop ideas that force the wall street to spend more time earning money with economic development rather than making millions trading off every swing the market. We have brillant minds working 90 hours a week trying to use leverage and arbitrage to squeeze out every dime they can from this volatile market and they can because even the most average trader knows with the right tools you can make money whether the market goes up or down. This is a huge waste of talent and time. Raise revenue by taxing the hell out of this behavior and then give breaks to corporations who truly develop new businesseses and industries that create jobs that grow our economy. Who among the Republicans have this kind of balls?
Decent income, better spending, smart use of taxation policy, not just raising taxes can help this country. It is as obvious as hell especially if some sophomoric hack like me can see it.
Otherwise you get the situation like in Thelma and Louise for the Republican faithful. you already have the middle class heading over the cliff at a hundred miles per hour, what the upper middle class doesn't realize is they are right behind them attached to the middle class car by an unbreakable iron bar that unless they wake up and slam on the breaks they are about to go over the same cliff when the next deal goes down.
No comments:
Post a Comment