"Do or Do not. There is no try."

Brazen: Eric Cantor’s Chutzpah

Eric Cantor’s op-ed laying out the Republican agenda is filled with the kind
of distortions you’d expect, but this passage deserves special commendation.
After decrying a National Labor Relations Board Ruling, he continues:

Such behavior, coupled with the president’s insistence on raising the top tax rate paid by individuals and small businesses, has resulted in a lag in growth that has added to the debt crisis, contributing to our nation’s credit downgrade.

So Cantor is arguing that S&P downgraded U.S. debt because of President
Obama’s future plans to increase the top tax rate. That’s such a mind-boggling
claim that even Cantor cannot bring himself to put it in quite these terms. So
instead he breaks it into a series of steps.

First, he claims that the future promise of upper-bracket tax hikes “has
resulted” in a lag in growth. (Question: if the mere possibility of future tax
hikes is enough to depress growth, why don’t we go ahead and just raise taxes?
If we’re going to get the slower growth anyway, might as well get the revenue,

Second, the lag in growth “caused” by hypothetical future tax hikes added to
the debt crisis.

Third, the debt crisis contributed to the downgrading of the debt.

It’s a fairly brilliant bit of rhetoric. After all, S&P specifically cited the Republican threat to fail to lift the debt ceiling and Republican refusal
to consider any tax increases
as the cause of the downgrade. cantor has
found a way to present Obama’s support for higher taxes as the cause of the
downgrade. That’s so brazen I almost have to admire it.

By: Jonathan Chait, The New Republic, August 22, 2011

August 23, 2011 - Posted by | Businesses, Class Warfare, Congress, Conservatives, Consumers, Corporations, Debt Ceiling, Economic Recovery, Economy, GOP, Ideologues, Ideology, Income Gap, Labor, Lawmakers, Middle Class, Politics, Republicans, Right Wing, Tax Loopholes, Taxes, Teaparty, Wealthy | , , , , ,

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