Michael Medved Gets Schooled on Bush Tax Cuts: The ED Show

[Joanne98]

Run time: 04:25 https://www.youtube.com/watch?v=qxNs6OGZQjI   Posted on YouTube: November 16, 2010 By YouTube Member: SocialistLiberal Views on YouTube: 88   Posted on DU: November 16, 2010 By DU Member: Joanne98 Views on DU: 1594

 

[Tippy]

1. K&R for a wealthy man who tells the truth and Ed for having him on and

giving him the last word....

[Roy Rolling]

2. Semantics

are always the conservative argument---it's a tax hike, not a temporary tax benefit expiration. Ironically, the tax breaks were sold in 2001 to the public based on the fact the economy was doing so good therefore the government should lower taxes. Now THE EXACT OPPOSITE is said, the economy is doing so bad, therefore the government should lower taxes.

[immoderate]

3. Tax breaks is the Republican answer for EVERYTHING.

Note: Only "effective" if regressive.

--imm

[herbm]

4. Mike, Mike, Mike. The tax cuts caused this economy in a large part.

[Snotcicles]

5. Michael Medved, a washed-up, never-was. nt

[ElsewheresDaughter]

6. Is there any doubt as to who is the richest & more knowledgeable on this matter? Leo Hindery

[Red Knight]

7. Astonishing

It is simply astonishing to me that the Democrats don't say to the Republicans--okay--you want to argue to the American people that we should go deeper in debt so that rich guys can sit on a fatter pile of money go ahead. We'll gladly argue for the middle class.

The fact that they seem to want no part of that strategy can only mean that they are in this together.

It's an incredible political opportunity beyond just being the RIGHT thing to do--and the Republicans are willing to serve this up on a platter.

Tell them to PROVE how well these tax cuts create jobs.

They can't.

It is either insane of the Dems to let this go--or they just figure it's all one team and they both want those wealthy tax cuts anyway so why fight?

This is as telling and obvious as to the corrupt cesspool in Washington that you'll ever see.

[Hissyspit]

8. +1

[TEXASYANKEE]

10. I could not agree more.

Where Obama goes with this will determine whether or not I will support him in 2012. :-(

[soryang]

9. Use it or lose it, the basic principle of tax law...

If you want to keep "your money" fat cats you're going to have to invest it in tangible capital expansion, not derivatives, not speculation, not hoarding. This is the purpose of progressive tax rates and inheritance taxes. Anything else leads to development of a permanent aristorcracy and a permanent underclass with no purchasing power or social mobility. Oh wait, we already have that. It is called the permanent alienation of capital from commerce and it represents the feudal order before the American and French revolutions.