Republicans Say Tax Cuts Do Not Stimulate The Economy

Republican ElephantDid that get your attention? Good, stay with me for a moment. — So we all know Mitt Romney, Paul Ryan and every other beltway Republican is on record as saying the “stimulus” didn’t work. When we say stimulus, we are talking about the American Recovery and Reinvestment Act of 2009. This piece of legislation, passed in the first months of the Obama administration, contained tax incentives for companies, tax breaks for individuals, infrastructure investment, education funding, and more. Fully one-third of the “stimulus” was in the form of tax cuts.

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Paul Ryan: Member of the Republican Obstructionist Party Controlling the House

Congress’ approval rating is lower than that of former Vice President Dick Cheney, and that’s really hard to pull off! Yet this didn’t stop Mitt Romney from choosing Paul Ryan, a member of congress, more specifically, a member of the majority obstructionist party controlling the House. In the era of the Obama administration, obstructionist is just another way of saying Republican. Mitt Romney didn’t have to choose a current member of congress, but that is exactly what he did, and so the low approval rating of congress will be part of the critique of the Romney-Ryan campaign. And President Obama wasted no time making this connection in a speech on Monday in Iowa:

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Republicans endorse English as official language, offer nothing constructive to create jobs

All you hear from Republicans is how President Obama has failed on the economy and how the “stimulus didn’t work,” yet Republicans offer nothing constructive. The one thing that “do nothing” Republicans in congress are actually quite good at doing? Obstruction. Well, that and trying to pass bills that have nothing to do with improving the country, whether it’s nearly 3 dozen votes to repeal the Affordable Care Act (Obamacare), restrictions on women’s rights or today’s waste of time: a hearing about an “English-only” bill proposed by, you guessed it, House Republicans.

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Not Cheering – Not Zero

A new report released by the non-partisan Congressional Budget Office (CBO) estimates that the stimulus bill that went into effect in February 2009 has created between 1 million and 2.9 million jobs. While this falls short (even at 2.9 million) of where job creation needs to be it also invalidates the right-wing narrative that the stimulus didn’t work. Just this past week Sean Hannity falsely stated we are losing 400,000 jobs a month.

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Bad Ideas Die Hard

As the economy increasingly begins to resemble the scene pictured below from Live Free or Die Hard (2007) we still have persistent calls for incredibly stupid ideas on how to fix the economy. Republicans in congress led the charge with stupid ideas and many Democrats appear to be complicit in the madness.

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