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Sunday, August 15, 2010

GOP Duplicity and Hypocrisy - They Are For It Until They Are Against It

Today at the Huffington Post Arianna Huffington touches upon a subject which I have frequently commented upon - the duplicity and hypocrisy of the GOP/Republicans concerning the Bush Tax cuts, the deficit and unemployment.  See my posts:

Stockman: How the GOP Destroyed the U.S. Economy

Supply Side Economics - Republican Snake Oil And The Biggest Scam In US History

Alan Grayson To Republicans Blocking Unemployment: 'May God Have Mercy On Your Souls'

GOP Mantra Is Now Tough Shit For The Unemployed

I agree with Arianna.  Here is what she had to say:

Turns out the Republicans were against raising the deficit until they were for it -- at least when it comes to extending the Bush tax cuts for the wealthiest Americans (a move that comes with a budget price tag of $700 billion over the next decade). Whenever they are asked to explain the contradiction, the suddenly-plucked deficit hawks -- led by John Boehner -- fall back on the canard that if the Bush cuts are allowed to expire, more jobs will be lost. This reveals a total lack of understanding about how jobs are -- and aren't -- created. Hint: it has nothing to do with the personal tax rate of the people running the business. It has everything to do with demand -- from consumers, advertisers, government contracts, etc. When businesses have more demand, they hire more people. Simple. Maybe Boehner can skip a few rounds of golf and take an Economics 101 class.

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