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GoLeft TV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 11:29 AM
Original message
Ed Schultz: Democrats Hoodwinked on Tax Cuts
 
Run time: 08:51
https://www.youtube.com/watch?v=z4_Eu_5CACc
 
Posted on YouTube: December 15, 2010
By YouTube Member: golefttv
Views on YouTube: 2
 
Posted on DU: December 15, 2010
By DU Member: GoLeft TV
Views on DU: 1559
 
As the Senate nears a final vote on the extension of the Bush tax cuts, Ed Schultz points out that they are setting themselves up for major losses in 2012. As Ed says, the Democrats have been hoodwinked on this deal.
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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 11:36 AM
Response to Original message
1. Whatever, Ed. You blowhard! You just want to stir the pot for RATINGS!
President Obama is trying to move the country forward. I suppose you would rather he plant his feet and refuse to move just like the repukes have done for the last two years?

And who pays for government not doing the people's work? The rich? HAHAHAHAHAHA! no! THEY WILL STAY RICH EITHER WAY!

The POOR AND MIDDLE CLASS WILL PAY IF WE DON'T WORK TOGETHER!

COMPRISING IS WHAT THE AMERICAN ELECTORATE HIRED THEM TO DO!!

COMPROMISE, YOU FUCKING IDIOTS!!!!!!
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GoLeft TV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:04 PM
Response to Reply #1
2. a little rationale
You openly admit that the Republicans have been unwilling to budge for the last two years. So explain why it would make sense for Democrats to cave in when the Republicans won't concede? Doing so defies all logic and reason.
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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:10 PM
Response to Reply #2
4. The electorate voted for everyone in congress to compromise to get the
people's work DONE! We didn't vote for both sides to stand their ground and not budge, in effect, ABANDONING people who need help the most in the lower and middle classes.

compromise is a necessity of any government, of any relationship. otherwise we all FAIL. But I guess failing is ok as long as we didn't "cave".

what utter bs.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Dec-15-10 01:31 PM
Response to Reply #4
19. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 05:08 PM
Response to Reply #4
25. We voted democrat for change, not to conpromise" with repukes
And they have been calling the shots for the past two years. The election certainly was not for more of the same as it was under bush!
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awoke_in_2003 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:11 PM
Response to Reply #1
5. anymore...
I expect democrats to talk a good talk, then when it comes down to the wire to cave in and give the republicans exactly what they want. This is all the democratic leadership seems capable of. They are either weak or complicit.
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dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:16 PM
Response to Reply #5
6. It's why the Republicans never have to cooperate
they know the Democrats will cave in and give them 99% of what they want.
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awoke_in_2003 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:18 PM
Response to Reply #6
8. i think they give the reps everything they want...
the republicans know how to haggle- you don't start the debate with your real offer, you start high and haggle down to it. We don't seem to get that.
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rabies1 Donating Member (434 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:23 PM
Response to Reply #6
11. Are you sure it isn't 99.9%?
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dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:32 PM
Response to Reply #11
13. I was counting the 13 month UI extension & middle class tax cuts as 1%
I'm sure if the Republicans got what they really wanted the only extension would have been the tax cuts for the wealthy.
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sirthomas66 Donating Member (336 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:18 PM
Response to Reply #1
7. Compromise to Obama is giving away a mountain for a molehill.
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niceypoo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:23 PM
Response to Reply #7
12. A temporary mole hill at that
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niceypoo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 12:23 PM
Response to Reply #1
10. Forward?
Supply side economics is backward.
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suede1 Donating Member (770 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:52 PM
Response to Reply #1
14. It matters what the compromise is. This one is terrible. And it will hurt the country.
How can anyone support the attack on SS?
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forty6 Donating Member (849 posts) Send PM | Profile | Ignore Wed Dec-15-10 02:06 PM
Response to Reply #1
20. There is compromise, and there is giving away the store!
There is belt-tightening, there is everyone having a little sacrifice for the health of the nation, and there is feasting out on your own seed corn with no concern about tomorrow, nor about anyone else's starvation.

Somehow the MYTH that giving the rich more and more tax cuts will create jobs WAS a MYTH before the November elections, according to Democratic candidates, and NOW, even here at the DU, some people are believing that the MYTH became a FACT !!

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 03:09 PM
Response to Reply #1
22. I disagree strongly with you, bushisanidiot
People who refuse to think for themselves and worship heroes like Bush OR OBAMA are not half as intelligent as they would like to believe. So, if I were you, I would not call other people idiots.

Calling someone an idiot is not an argument. Calling someone an idiot has never persuaded anyone to change their mind.

Imagine a society that is, yes, capitalist, and in which, yes, there are rich and poor, but in which the difference in the take-home pay of a person who is "poor" and one who is "rich" is much lower than it is in our country today.

Children from poor families would have almost as good an opportunity to educate themselves, to be productive, perhaps even innovative or creative, as children from rich families. There would be fewer people without healthcare and, therefore more healthy people. The rich would not fear that the envious poor will rise up and destroy or take what the rich have. The poor would not fear for their futures. The poor would know that they will always have a place to sleep, even if it is not a palace, The poor will not have to worry where the money for next week's groceries will come from.

All of us, rich and poor, would be less angry. The murder rate would decline. People would be more likely to cooperate and work together. Our entire society would be more harmonious. This is the way American pioneers lived in their communities in the Midwest.

We do not have to become a socialist state to move toward a society of the kind that I describe. We can achieve a much healthier society for our children and for ourselves if we simply work toward a just tax system that requires those who benefit the most from the opportunities our society provides to bear ab equitableshare of the burden of the cost of making sure our society is more harmonious.

Many of the greatest discoverers and inventors did not become multi-billionaires from their inventions: Think of Einstein's discovery of relativity, Tesla's inventions concerning electricity, and Salk's work on a polio vaccine. These men might have liked to be rich, but that was not their primary motivation.

This morning, I was thinking how very sad it is that so many Americans have been seduced by the ideology of the sociopathic Ayn Rand. How can anyone follow the social philosophy of a person who was so inept, so unsuccessful in managing her own personal life? She was one very sick chick.

Her own husband was no hero, certainly not a titan of industry or business like the characters in her novels. In fact, this bio makes him sound like a bit of a loser when it came to earning a living:

4.2 Was Rand married? Who was her husband?

Rand married actor Charles Francis (Frank) O'Connor on April 15, 1929, having first met him when they both worked in Cecil B. DeMille's movie The King of Kings in 1926. O'Connor was born on September 22, 1897, in Lorain, Ohio. They remained married until his death on November 9, 1979. Although O'Connor was an actor when he and Rand met, he did progressively less acting work throughout the 1930s, and was unemployed for much of the Great Depression. Over the course of his life he dabbled in various jobs, including running the couple's California ranch (when they lived there) and designing floral arrangements. Later in life he was an amateur painter. His painting "Man Also Rises" has appeared as the cover art for The Fountainhead.<*> (Rand's husband should not be confused with the Irish writer known as "Frank O'Connor," whose real name was Michael Francis O'Donovan.)

http://www.noblesoul.com/orc/bio/biofaq.html#Q4.2

Her knowledge of real life, of raising children, of dealing with the reality that keeps humankind going was very limited in that

4.3 Did Rand have any children?

No. Barbara Branden described Rand's attitude towards having children thusly:

It was a responsibility that she was not interested in assuming. When she was writing Atlas , she would sometimes say that she was "with book." The only children she wanted were her books.<*>

http://www.noblesoul.com/orc/bio/biofaq.html#Q4.2

Rand's philosophy was fiction. I read nearly all of her books in college and was quite taken for a short time. Then I fell in love. It became obvious to me that her ideology does not really support human life. It never rises to a human level.

Obama is not a disciple of Rand from what I can tell, but the "compromise" on tax cuts is a page out of Ayn Rand's theology text.

If we want a society in which we can live together in peace, we have to reject the Rand philosophy, and that means rejecting any "compromise" that will increase the disparity between rich and poor. We cannot afford greater economic disparity. Detroit is already having to cut back on basic sanitary services to portions of the city. We cannot allow American towns and cities to become unlivable. Because state taxes are related to federal taxes in many states, this tax "compromise" will throw state budgets into even worse shape and prevent states from moving away from insolvency and into prosperity.

This "compromise" is a disaster for America and not just for the federal goverment.

Ed Schultz is right.
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cpwm17 Donating Member (383 posts) Send PM | Profile | Ignore Wed Dec-15-10 04:39 PM
Response to Reply #1
24. This "compromise" equals our destruction
We are accelerating toward our destruction. This was started by Ronald Reagan thirty years ago: spend, tax cuts, borrow, deregulate. Obama is now complicit.

Anyone that was paying attention in the 1980's could see this coming. All along you could argue with right-wingers about the national debt, and they would say it didn't matter or blame the Democrats who weren't in control. Now this is the first time that Democrats can be fully held responsible for our downfall - thanks Obama.
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rabies1 Donating Member (434 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:05 PM
Response to Original message
3. 150 million people making under 20 thou. a yr. will pay a tax increase
The unemployment checks will continue up to 99 weeks. If you don't find a job in this
amount of time you will be here again except you wont be able to receive a check. Meanwhile
we've borrowed money from China to give to the filthy rich.
When we talk about this issue again in 2 years, do you think for one moment, after receiving
even more money, they will give in and let this sunset?

Make sure your car is in good condition - at this rate this will soon be your home.
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sirthomas66 Donating Member (336 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:20 PM
Response to Reply #3
9. Excellent! You understand--
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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 01:14 PM
Response to Reply #3
17. 150 million people in the households that will pay more in taxes!
Many of them children living in poverty.
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suede1 Donating Member (770 posts) Send PM | Profile | Ignore Wed Dec-15-10 12:54 PM
Response to Original message
15. A big K & R for Ed! Love it when people are true to ideals. We could use a lot more of that.
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BlueJac Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 01:00 PM
Response to Original message
16. Obama should of tried to do.............
more way before now. Bowing to extend the tax cuts and drilling a hole in Social Security is a hugh mistake. I am done with him, he has done very little of what he promised. I can get that from any damn politician. He is Bush like on so many issues and I hated that SOB. I hear the toilet flushing on this country and it is a shame a so called Democrat is pushing the lever down.
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 01:31 PM
Response to Original message
18. Ed is right..get informed
Problem #1: The deal is a stealth attack on Social Security.

The deal will lower the payroll tax—the tax that funds the Social Security trust. This is a trap for Democrats. Republicans have been coming after Social Security for years and this cut is the biggest threat to the vital program in decades. It will cut one-third of Social Security's funding this year alone and when we need to restore the payroll tax back to its current level, Republicans will cry "tax increases" and could gut it permanently.

Problem #2: For nearly one in three workers, it's a tax increase.

Nearly 50 million working Americans—including all workers making less than $20,000 per year—and millions of federal, state, and municipal workers will see their taxes go up because of the deal.


Problem #3: The deal has not one but TWO millionaire bailouts.

In addition to extending all the Bush income tax breaks for the top 2%, the deal will slash the estate tax. If Congress did nothing, next year the estate tax would be 55% and apply to everyone inheriting $1 million or more. But the deal reduces it to 35% and only people who inherit more than $5 million will have to pay. This second bailout will give a gigantic tax giveaway to a few thousand of the richest families in the country and add hundreds of billions to the national debt.

Problem #4: Unemployment help is insufficient and inadequate.

While the deal extends unemployment benefits for another 13 months for people currently receiving it, millions of unemployed workers who've struggled the most and been out of work more than 99 weeks—since the giant Wall Street banks wrecked the economy—will get no help at all under the deal.4 It's a gamble that there will be jobs in the next 13 months when the insurance runs out, but the tax cuts will go well beyond that. Better to just pass a stand-alone unemployment extension to help all struggling Americans.

Problem #5: Tax giveaways to the rich are a terrible way to create jobs.

Tax breaks for the rich are the least efficient way to create jobs and help the economy grow. In fact the nonpartisan Congressional Budget Office says extending all tax cuts would lower unemployment only 0.1% to 0.3% over the next year5 and that the cost of the tax deal would be $900 billion over the next 5 years.


http://www.mcclatchydc.com/2010/12/08/104986/under-obamas-deal-taxes-will-rise.html
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 02:28 PM
Response to Original message
21. I'm with you, Ed.
God bless Ed Schultz!
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libmom74 Donating Member (577 posts) Send PM | Profile | Ignore Wed Dec-15-10 04:02 PM
Response to Original message
23. I thin Ed is
a little naive here, he is assuming the Democrats and Obama want to win the White House in 2012. I am beginning to think that their real strategy is to F up so much that there's no way the next Republican candidate that runs can lose (even if that candidate is Palin). I know that sounds very tin foil hattish (if that is a word) but why else would "Democrats" cave on or do the exact opposite of what are their supposed core principles?
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