Economists Alarmed: McCain Would Stay the Course on Bush Tax Policies

Like peas in a pod. Wait, weren’t the pods in Invasion of the Body Snatchers?

If you’ve been deluding yourself that having John McCain as our president couldn’t be all that bad since almost anything beats what we’ve got now…I have some bad news. McCain would be even worse.

How can any responsible or intelligent person — anyone able to operate a toothbrush, say — look at the economic mess we’re in and decide that the answer is less revenue?

…budget experts say his numbers do not add up.

McCain’s promises to reduce wasteful spending if elected president in November would not begin to cover the costs of his proposed tax cuts, analysts say.

He also has not yet explained how he would rein in the health-care and retirement costs expected to swamp the federal budget as some 77 million people retire from the U.S. work force in the coming decades.

On top of that, a President McCain would inherit a $400 billion budget deficit, wars in Iraq and Afghanistan that cost nearly $200 billion per year and a similar bill for interest payments on the $10 trillion national debt.

Many experts said McCain’s proposals would make the fiscal picture worse.

It’s funny how different McCain the senator was from McCain the presidential candidate. Suddenly, being Bush all over again makes sense to the “maverick.”

He angered conservatives when he opposed President George. W. Bush’s income-tax cuts in 2001 and 2003 on the grounds that they favored the wealthy and were fiscally irresponsible. He now supports making them permanent, echoing Bush in saying that allowing them to expire would amount to a tax increase.

How can any responsible or intelligent person — anyone able to operate a toothbrush, say — look at the economic mess we’re in and decide that the answer is less revenue? This is madness.

But it’s good for Exxon/Mobil.

McCain also wants to slash corporate tax rates from 35 percent to 25 percent and allow businesses to immediately write off capital expenses. He has called for reforming the Alternative Minimum Tax, initially targeted at the wealthy but now snaring many middle-class taxpayers.

These tax cuts would shrink annual federal revenues from $4.55 trillion today to $3.4 trillion in 2018, according to Len Burman of the Brookings Institution’s Tax Policy Center.

Federal revenues would account for 15.3 percent of U.S. gross domestic product, the lowest level since 1950.

Ah yes, 1950. Let’s turn back the clock and all return to a time when John McCain was a strapping 14-year-old, fresh from his home in Panama but poised to attend prep school in Alexandria, Va. Things were simpler then, or so they tell me since I wasn’t born yet. So enough memory lane. The next president cannot propose any more tax cuts unless he or she wants to officially bankrupt America.

Third Term for Bush: Mehlman, Rove to Advise McCain

Ken Mehlman, the closeted heterosexual former Bush campaign aide who recently headed the Republican National Committee, and Karl Rove, Bush’s unscrupulous former advisor, are helping out with strategy for John McCain, guaranteeing — as if a guarantee were needed — that the 2008 campaign will be the nastiest ever fought:

Ken Mehlman, who ran Bush’s 2004 campaign, is now serving as an unpaid, outside adviser to the Arizona Republican. Karl Rove, the president’s top political hand since his Texas days, recently gave money to McCain and soon after had a private conversation with the senator. A top McCain adviser said both Mehlman and Rove are now informally advising the campaign. Rove refused to detail his conversation with McCain…

Rove explained that he and McCain “got to know each other during the 2004 campaign.” In a separate interview, Mehlman noted that “McCain was completely loyal to the president in 2004 and worked incredibly hard to help him get elected.”

‘God Hates Fags’ Church to Protest Funeral of Murdered UNC Student President Tomorrow

Eve Carson and Lauren Burk

Members of the Westboro Baptist Church, a Christianist hate group whose members are mostly members of the family of Fred Phelps, a disbarred attorney, are at it again, feeding off the misery of innocent, grieving families:
Chapel Hill police have a photo of a suspect who used Eve Carson’s ATM card – Auburn police have arrested a suspect in the murder of Lauren Burk

Westboro Baptist Church, a group known for protesting and picketing funerals and memorials of fallen soldiers, is planning to picket at the Sunday afternoon funeral of 18-year-old Auburn freshman Lauren Burk, according to the group’s Web site. Burk was killed Tuesday night. Police are investigating her death as a murder…

The group is also planning to picket the funeral of Eve Carson, UNC student body president who was killed Wednesday morning.

Both funerals are listed on the WBC site’s online picket schedule for Sunday.

Eve Carson, 22, of Athens, Ga., was murdered on March 5:

[…]

In 1999, Candidate Bush Attacked Dems on Gas Price at $1.64, Demanded Clinton ‘Jawbone’ OPEC – But Now as Price Heads to $4 Bush Does Nothing

Flashback — CNN, June 23, 2000:
Bush was critical of Al Gore in the 2000 campaign for being part of “the administration that’s been in charge” while the “price of gasoline has gone steadily upward.”

Gas prices have soared this week to a national average of $1.64 a gallon, and to well over $2 a gallon in the Chicago and Milwaukee area, setting off a frenzy of finger-pointing involving the Clinton administration, Congress, oil companies and refineries, and the Organization of Petroleum Exporting Countries.

In 2000, the Republicans used the spike to $1.64 as a campaign issue to bash the Clinton administration and Democratic candidates in the election that year, especially Al Gore:

In June 2000, Republican politicians urged President Bill Clinton to fire his energy secretary, Bill Richardson. Richardson, Michigan Sen. Rod Grams explained, was presiding over an “energy disgrace.” Clinton, many conservative commentators urged, should be raked over hot coals for vetoing congressional measures that would have opened up much of the Alaskan wilderness to oil drilling.

Meanwhile anti-tax think tanks such as the rightwing Heritage Foundation, rushed into print with reports advocating massive rollbacks of federal and state gasoline taxes and clean air standards for gasoline. Finally, anti-environmentalists jumped into the fray, lambasting Vice President Al Gore for implicitly condoning an OPEC supply squeeze that would drive up oil prices and thus, the conspiracy theory went, force Americans to drive less — which Gore, with his wacky ideas about global warming, was apparently salivating at the mouth about.

And:

[…]

Canadian Prime Minister Confirms Clinton Campaign Did Not Soften Stance on NAFTA Through Back Channels

Obama Campaign First Denied a Similar Story But Then Admitted It Was True – Obama Said His People Acted ‘Naively’

A spokesperson for Stephen Harper, the conservative prime minister of Canada, has denied reports that his administration received back-channel communications from the Hillary Clinton campaign that soft-pedaled Clinton’s statements that, as president, she would re-negotiate NAFTA:
Mr. Harper’s communications director, Sandra Buckler, said yesterday that Ms. Clinton’s campaign did not brief Canadians on its NAFTA stand. “The answer is no, they did not,” she said.

Mr. Harper’s communications director, Sandra Buckler, said yesterday that Ms. Clinton’s campaign did not brief Canadians on its NAFTA stand. “The answer is no, they did not,” she said.

That will likely be a reassuring public response for Ms. Clinton’s campaign, which used the leaks to hobble Mr. Obama with charges that he attacked NAFTA on the hustings but reassured Canada in private.

The Clinton campaign suggested Obama’s attacks on NAFTA were merely political rhetoric intended to garner votes in the Ohio rust belt where NAFTA is blamed, in part, for wrecking the economy:

CTV, the well-regarded Canadian news network, reported this week that a top Obama adviser contacted the Canadian government to calm fears that the senator was serious about rewriting pro-corporate deals such as the North American Free Trade Agreement to benefit workers, farmers and the environment. According to CTV, the Obama adviser told the Canadians that “when Senator Obama talks about opting out of the free trade deal, the Canadian government shouldn’t worry. The operative said it was just campaign rhetoric not to be taken seriously.”

After that report aired on Wednesday, an Obama campaign spokesperson claimed in an interview with CTV that “no message was passed to the Canadian government that suggests that Obama does not mean what he says about opting out of NAFTA if it is not renegotiated.”

[…]

Bush Almost Admits Recession; Can Global Warming Be Far Behind?

After losing 63,000 jobs in the 29-day month of February, the current occupant was finally forced to admit there’s a problem with the economy. Gee, the total collapse of the housing market, the weakest dollar in modern times, and consumer confidence at 33 percent might be good indicators too.

“Turn out the lights. The party’s over. We are in a recession,” said the chief U.S. economist at IDEAglobal

“Losing a job is painful and I know Americans are concerned about our economy. So am I,” Bush said during a hastily arranged White House appearance on the heels of a gloomy government economic report that said employers slashed jobs by 63,000 in February, the most in five years.

The Labor Department’s report, released Friday, also showed that the nation’s unemployment rate dipped to 4.8 percent as hundreds of thousands of people — perhaps discouraged by their prospects — left the civilian labor force. The jobless rate was 4.9 percent in January.

Bush’s idiotic solution — sinking us deeper in debt by issuing everyone a tax rebate — isn’t seen by anyone with the sense God gave celery as a cure.

“Turn out the lights. The party’s over. We are in a recession,” said Joseph Brusuelas, chief U.S. economist at IDEAglobal in New York.

Don’t count on debt-laden households to spend their way back to growth. As for banks, they are preoccupied with cleaning up their balance sheets after seven months of credit turmoil, which means they are unlikely to throw open the cash spigots. The federal government is mired in debt as well.

Like I said, no one with any sense would think a tax rebate will do anything but deepen the hole we’re in. But Bush is a one-trick pony. Got a problem? A tax cut must be the answer.

“I know this is a difficult time for our economy,” he said. “But we recognized the problem early and we provided the economy with a booster shot.”

Congress passed and Bush signed a stimulus package that will send tax rebates to many families and businesses. But some fear it will come too late – or that people will use the money to save or pay off debt, rather than go on a spending spree that will boost the economy.

Bush gently urged people to do the latter. “When the money reaches the American people, we expect it to boost consumer spending,” he said.

Sorry Georgie. I’m putting it toward my car payment. The sooner I pay that off, the more I can put against my mortgage.

How about you? Are you planning to buy more cheap crap from China with your tax rebate or pay down your debt? Leave a comment; I’d like to know.

Why Clinton Really Wants Florida’s Primary to Count

Hillary Clinton wants Florida’s Jan. 29 presidential preference primary results to stand, and the delegates counted as they are now. Her position is interesting for two reasons. First, Clinton won 50 percent of Florida’s vote back on Jan. 29. Obama won 33 percent and John Edwards, 14. All the other Democratic candidates won a combined total of 1 percent.

Clinton seems to presume that Edwards drew votes away from Obama, not her. She must think that everyone who wanted to vote for her already did so, and she has maxed out her support in Florida. I agree.

Which leads us to the second interesting thing. Clinton seems to presume, like I do, that Edwards drew votes away from Obama, not her. She must think that everyone who wanted to vote for her already did so, and she has maxed out her support in Florida. Again, I agree.

In my case, given a choice of Clinton, Obama, Edwards, and the others, my first choice was Edwards, my second choice Obama, and my third choice Clinton. Today with only two choices, Obama would resoundingly be my first one. Only if I were forced to pick between Clinton and McCain would Clinton get my vote.

Clinton also seems to suspect, as I do, that her conduct on the stump in the time since the Florida primary might cost her votes if another election were held. I doubt, but will hopefully never know, if she could take 50 percent now.

I say “hopefully never know” because I am against wasting taxpayer dollars on another Florida primary. I so detest Howard Dean that I hate to see him win his battle to keep Florida voting later. I am also against a re-do because the sooner we sink a wooden stake in the Hillary Clinton monster (whoops, hope I won’t be forced to resign now), the better for the party. Keeping things unsettled on our side while John McSame’s messages go out loud, clear, and undiluted by competition is bad for Democrats.

Rolling Stone Magazine: We Need Obama

Rolling Stone Magazine’s Jann Wenner makes the case for Obama. He draws distinctions with the former first lady (and to hear her version of it, the former actual president) that make the feeling I get when I imagine her winning even more like my stomach is full of mud.

[Clinton’s] campaign proved her experience didn’t count for much: She was a bad manager and a bad strategist who naturally and easily engaged in the politics of distraction, trivialization and personal attack. She never convinced us that her vote for the war in Iraq was anything other than a strategic political calculation…

Throughout the primaries, and during a visit he paid to our offices, we have come to know Barack Obama, his toughness and his grace. He would not be intimidated, and he declined to back down, when Senator Clinton called him “frankly, naive” for his willingness to meet leaders of hostile nations. When one of her top campaign officials tried to smear him for his earlier drug use, he did not equivocate or backtrack. On the matter of experience and capability, he has run an impressive, nearly flawless campaign — one that whupped America’s most hard-boiled political infighters. Indeed, Obama was far more prepared to run a presidential campaign — from Day One — than Senator Clinton. And at no point did he go negative with personal attacks or character assassination; as much as they might have been justified, they didn’t even seem tempting to him.

Obama has emerged by displaying precisely the kind of character and judgment we need in a president: renouncing the politics of fear, speaking frankly on the most pressing issues facing the country and sticking to his principles. He recognizes that running for president is an opportunity to inspire an entire nation.

All this was made clearer by the contrast with Hillary Clinton, a capable and personable senator who has run the kind of campaign that reminds us of what makes us so discouraged about our politics. Her campaign certainly proved her experience didn’t count for much: She was a bad manager and a bad strategist who naturally and easily engaged in the politics of distraction, trivialization and personal attack. She never convinced us that her vote for the war in Iraq was anything other than a strategic political calculation that placed her presidential ambitions above the horrifying consequences of a war. Her calibrated course corrections over the past three years were painful. Like John Kerry, who also voted for the war while planning a presidential run, it helped cost her that goal.

Although Obama declined to attack her personally for her vote for the war in Iraq, he did call it, devastatingly enough, a clear demonstration of her so-called experience and “judgment.” He has also spoken forcefully about the need to break the grip of lobbyists — at a time when Clinton is the largest recipient of drug-company donations of anyone in Congress. Clinton could not address this issue at all, and neither will John McCain, who is equally a player in Washington’s lobbyist culture.

Despite Clinton’s spin that her two primary victories this week restore her claim to inevitability, Obama is ahead in the delegate count. Superdelegates appear committed to following the voters’ will. Depending on what happens here in Florida — where just like in 2000, Republicans are in a position to twist the process — and in Michigan, Obama’s chances are strong. I am keeping my fingers crossed, and my hopes high.

If Terrorist Came in From Canada, Is Border Fence Far Behind?

The new faces of terror

It appears the bomber who targeted a military recruiting station in Times Square came in this country via Canada, so you know what that means. Soon the Minutemen will rush north to construct a fence the entire 5,522 miles that separate us from the threat of Canadian extremists. Or not. Maybe they only want to protect our border singular. You know, the brown border. The one with Mexicans on the other side.

High-level law enforcement sources told ABC News that a border stop in Canada has yielded evidence that may be linked to the case, and that individuals are being sought in connection with the case.

O Canada?

Canadian authorities declined to comment on the matter.

Sources said the border stop took place about a month ago, but today U.S. and Canadian authorities were revisiting the incident because of circumstantial evidence noticed at the time of the stop and the behavior of one of four individuals in the car that was stopped.

At the time of the stop, one young man fled the vehicle on foot, law enforcement sources said.

The last time we were threatened by Canada was when Bob and Doug McKenzie foiled a plot by Elsinore Beer’s Brewmeister Smith to take over the world. No one suggested building a fence back then, and I doubt they will now. After all, it’s not like it’s Mexico or something.