2 Quotes for the Morning – both about the Unreality of John Boehner’s economic views.
If you heard the Speaker make hos speech the other day then you know he is insisting on spending cuts before the debt ceiling can be raised. He is also pushing the classic Republican point of view on cutting taxes on the rich because they will invest in American jobs. Of course they haven’t in the last couple of years as their taxes were slashed.
Perhaps Boehner is not aware that the “trickle-down theory” didn’t work for Reagan or either one of the Bushes. Republicans have limited historic vision… primarily because it is the multimillionaires that provide their funds.
As James Rowley and Mike Dorning said on Bloomberg this morning:
“Boehner’s statement in his Wall Street speech that government spending ‘is crowding out private investment and threatening the availability of capital’ runs counter to the behavior of credit markets… Boehner also said the 2009 stimulus program ‘hampered job creation in our country,’ a view at odds with the Congressional Budget Office‘s findings last August. The stimulus package increased the number of people employed by between 1.4 million and 3.3 million and cut unemployment by between 0.7 percentage point and 1.8 percentage point, according to CBO.”
“Even more alarming, because it has consequences beyond the debt-ceiling debate, is the incoherent, impervious-to-facts economic philosophy undergirding Boehner’s remarks.”
- Boehner Speaks On Debt Ceiling (npr.org)
- Rep. John Boehner holding America hostage over debt ceiling and spending cuts (crooksandliars.com)
- Rep. John Boehner Tells TODAY: Tax Increases Are ‘Off The Table’ (mediaite.com)
- Boehner contradicts self on debt limit, criticizes Bush Treasury secretary (americablog.com)
- Speaker Boehner: Tax hikes are ‘off the table’ (seattletimes.nwsource.com)
- Dear John (duanegraham.wordpress.com)
Posted on May 11, 2011, in budget, Business, campaign, Congress, Corporations, Economics, election, Finance, government, Health Care, history, Labor, Legal, Lies, News, Opinion, Politics, President Obama, Taxes, Television, Warning, Word from Bill and tagged Boehner, Congressional Budget Office, John Boehner, Republicans, Ruth Marcus, Speaker (politics), Wall Street, Washington Post, White House. Bookmark the permalink. Comments Off on 2 Quotes for the Morning – both about the Unreality of John Boehner’s economic views..