Parallel: adj. extending in the same direction, everywhere equidistant, and never meeting
Planet: n. any of the celestial bodies that in ancient belief have motions of their own among the fixed stars
As the $787 billion stimulus bill weaved its way through Congress Friday night – an effort many economists think is not nearly BIG enough – the Republicans almost unanimously voted against it. In fact John Boehner went so far as to dump a copy of the 1,071 page bill on the floor in a gesture of supreme contempt, saying it’s all “about spending, spending, spending.”
[Question: in spite of Democrats antipathy towards Bush's shameful policies, did any congressperson try this sort of disdainful political theater?? It's soooo tacky. Soooo GOP.]
This, after Obama made all sorts of bipartisan gestures and concessions ($282 billion in tax cuts over the next two years… the biggest ever!) Which means that the Republicans voted AGAINST a tax cut… and AGAINST spending to create millions of jobs (jobs which were lost by at least as many Republicans as Democrats).
And now they’re going on all the talk shows with their new talking point: this is “generational theft.”
Generational theft! My jaw is scraping the floor. Forget for a moment about how the Bush administration took a trillion dollar surplus from Clinton and managed to leave Obama with a trillion dollar deficit, an economy in shambles, our reputation in tatters – for what? An illegal and failed war? Wasteful spending and incompetent management in every corner? Tax cuts for the wealthiest? Was that not generational theft?
Maybe they’re hoping we’ve already forgotten that. Ok. fine.
Let’s just go back ten days to Feb. 4th. That’s when a group of 32 Republicans put forth an alternate economic rescue bill for a very regressive $3.1 trillion tax cut that wouldn’t even start until 2011.
As Dailykos blogger LeftyCoaster said at the time:
The Senate Republicans’ tax cut would be paid for with massive federal borrowing, or as the Republicans like to call it [when Obama spends money] “Generational Theft”. Of course that’s not how they describe their tax cuts “We call it the American option” the amendment’s author Jim DeMint told the Senate. I call it the oligarchy option.
How a tax cut that starts in 2011 is supposed to help the economy in 2009 is too much of a stretch even for Republican Voodoo Economics. Logic was never was a part of the Republican repertoire.
The most significant feature of this tax cut proposal was a cut in the top rate for individuals and businesses from 35% to 25%. A naked favor for the wealthiest Americans, that would destroy the progressive structure of the American income tax system.
This Republican proposal was only a tax cut with no infrastructure spending, and no additional help for those being thrown out of work, for those losing their health insurance, and eventually their homes.
It’s clear the GOP lives on another planet, where none of the citizens can add or subtract, few of them read the paper, and most of them have Alzheimers.