Quote:
Originally Posted by TheMercenary
I think they, both parties, went into it knowing they were going to fail.
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Every Republican entered negotiations having already signed a very public document to not raise taxes on the rich. Any Republican that did not abide by that signing was routed from office. No Republican can negotiate in good faith until after the next year's electrons.
Everyone knows that eight years of tax reductions to the rich has resulted in less jobs and a large recession. As was true with previous tax cuts to stimulate the economy. As usual from history, tax cuts caused a minor economic stimulus in the middle 2000s. And then contributed to this current recession.
A classic example of economics taking revenge. As cited previously with the "Lawn example". Pass a law that required everyone to replace their front lawn annually. Then jobs are created for all. Followed by greater job losses many years later. Economics always takes revenge on all when money games are used to 'stimulate an economy'. Deja Vue.
Until Republicans admit that taxes must be restored to Clinton levels, then nothing will be solved. We know Clinton tax rates resulted in a booming economy and the elimination of deficits. Extremists must forget reality to let Limbaugh tell them something different.