Tag Archive for national debt

Why Is Andrew Sullivan So Dumb?

 

Joel B. Pollak

by Joel B. Pollak

“Why Are Obama’ Critics So Dumb?” That’s the question posed by
Andrew Sullivan in the cover story of this week’s Newsweek.
But you’d have to be stupid, fanatical, and dishonest to argue–as
rig Truther Sullivan does–that Barack Obama’s failures are part of
an ingenious “long game” that is destined to succeed.

If this is the best Obama’s supporters can do, Obama’s only hope
for re-election is the weak Republican field.

Sullivan, who claims to care about national debt, begins by arguing,
contrary to reality,that Obama’s massive $787 billion stimulus
(actually, $862 billion) turned the economy around. He offers no
proof other than the post hoc, ergo propter hoc fallacy familiar from
basic economics. Sullivan also ignores the composition of the stimulus,
which shoveled cash to cronies and bloated big states with their
massive public sector obligations.

In addition, Sullivan claims that Obama’s auto bailout succeeded–when
in fact it pushed aside property rights and subsidized failed “green”
cars, rather than allowing car makers to rebuild through normal
bankruptcy. He also commends Obama for continuing George W. Bush’s
bank bailouts–but does not mention the Dodd-Frank financial “reforms”
that enshrine “too big to fail,” hurt small businesses and fail to
address Fannie Mae and Freddie Mac.

Next, Sullivan tries to defend Obama on taxes, pointing out that the
president passed tax cuts as part of the stimulus. He ignores the
numerous new taxes and tax increases that Obama signed into law–from
higher cigarette taxes to the many ObamaCare taxes–as well as the
glaring fact that Obama has been campaigning for the past several
years on the promise to raise taxes on the rich, and would have done
so if not for Congress.

Sullivan’s defense of ObamaCare is that it is more “moderate” than
it might have been. That is hardly a measure of success–and after
devious accounting tricks, thousands of waivers, and the abandonment
of ObamaCare’s Community Living Assistance Services and Supports
(CLASS) program, the law is clearly on a path to failure.
Fundamentally, it is unconstitutional–a reality Sullivan does
not care to note in his encomium to Obama.

On foreign policy, Sullivan hails Obama’s success in the death of
Osama bin Laden–giving a fantastical account of the president’s
courage, and perpetuating the false meme that Bush had “ignored”
Al Qaeda. In fact, it was the war in Iraq–and the interrogation
methods that Sullivan decries–that produced the intelligence that
led to bin Laden.

Aside from the war on Al Qaeda, Obama squandered every diplomatic
and military success bequeathed to him by Bush. He destroyed missile
defense in Europe, and wasted hard-won gains in Iraq by withdrawing
troops against the advice of the military. While appeasing Iran and
gutting the future of our defense, Obama alienated and undermined
U.S allies. Sullivan, who detests Israel, even applauds Obama’s
pointless confrontation with Benjamin Netanyahu–hardly a way to sell
a second Obama term.

Having dealt with conservatives (in his own mind at least), Sullivan
lists reasons that the left should be pleased with the president they
elected. He’s correct that liberals should back Obama; they will never
again see a U.S. president with such radical policies and pedigree.
But he overlooks the degree to which Obama has discredited left-wing
theory by exposing its flaws in practice–the real reason the left is
distancing itself from him.

What is most telling in Sullivan’s admonition to liberals is his use
of Obama’s inaugural metaphor of the “clenched fist.” The president,
he says, “begins by extending a hand to his opponents” and outwits
them when they respond “by raising a fist.” Yet Obama was referring
to foreign policy, not U.S. politics. Once in office, of course,
Obama embraced America’s enemies and bullied domestic opponents–as
even the left knows all too well.

Sullivan quotes George Orwell: “To see what is in front of one’s nose
needs a constant struggle.” What is in front of Sullivan’s nose is
Obama’s incompetence. He has coasted on the military success of his
Republican predecessor, and is taking credit for moderate economic
progress enabled by a Republican Congress that has held taxes,
regulation, and spending in check. If he wins in 2012, Obama will
again have Republicans to thank.

Buffett to Republicans: if you pay, so will I

ReutersReuters –
  • Berkshire Hathaway Chairman Warren Buffett attends a news conference after the opening ceremony of Tungaloy Corp's new plant in Iwaki, Fukushima Prefecture November 21, 2011.  REUTERS/Kim Kyung-HoonBerkshire Hathaway Chairman Warren Buffett attends a news conference after the opening ceremony of Tungaloy Corp’s new plant in Iwaki, Fukushima Prefecture November 21, 2011. REUTERS/Kim Kyung-Hoon

WASHINGTON/BOSTON (Reuters) – Warren Buffett is willing to put his money where his mouth is, if only congressional Republicans would join him.

The American billionaire investor, in the new issue of Time magazine, says he would donate $1 to paying down the national debt for every dollar donated by a Republican in Congress. The only exception is Senate Republican leader Mitch McConnell – for whom Buffett said he would go $3-to-$1.

The idea stems from a New York Times opinion piece Buffett wrote last August in which he said the rich ought to pay more taxes. It sparked an instant controversy, with some Washington conservatives calling on the 81-year-old “Oracle of Omaha” to voluntarily pay extra.

McConnell said at the time that if Buffett felt “guilty” about paying too low a tax rate, he should “send in a check.” This was quickly followed by introduction of a bill to give taxpayers an option on tax forms to make voluntary donations.

“It restores my faith in human nature to think that there are people who have been around Washington all this time and are not yet so cynical as to think that can’t be solved by voluntary contributions,” the Buffett told Time for an article hitting newsstands on Friday.

An aide to McConnell suggested that the Berkshire Hathaway CEO should expand his matching offer to President Barack Obama and his Democrats.

“Senator McConnell says that Washington should be smaller, rather than taxes getting bigger. And since some, like President Obama and Mr. Buffett want to pay higher taxes, Congress made it possible for them to call their own bluff and send in a check,” said Don Stewart, McConnell’s deputy chief of staff.

“So I look forward to Mr. Buffett matching a healthy batch of checks from those who actually want to pay higher taxes, including Congressional Democrats, the President and the Democratic National Committee,” he added.

The jabs over voluntary payments come as higher taxes for the wealthy and extension of payroll tax breaks for middle-class Americans are becoming increasingly contentious issues for the 2012 presidential race. Obama is trying to paint Republicans as only favoring the wealthy, while Republicans are trying to brand the president as relying on tax hikes to fund excessive spending.

Buffett said in the Time interview the United States needed a tax system that favored people who were not born investors.

“We need a tax system that takes very good care of people who just really aren’t as well adapted to the market system, and to capitalism, but are nevertheless just as good citizens, and are doing things that are of use in society,” he said.

Buffett, who has raised money for President Barack Obama recently, also takes swings at Republican presidential candidates Mitt Romney and Newt Gingrich in the Time interview, criticizing Gingrich’s track record and Romney’s ties to the private equity business.

(Reporting By Ben Berkowitz and David Lawder; Editing by Eric Walsh)

NOTICE HOW BUFFET WON’T PAY MORE UNLESS SOMEONE ELSE HAS TO TOO! IT’S IDEOLOGIAL RHETORIC THAT HE’S SPEWING…. TAX THE RICH…. BUT I PERSONALLY DON’T WANT TO PAY MORE TAXES……Oh Buffet is old now. He’s trampled on those he needed to trample on to make his billions and is worried about getting into heaven at this point. It’s the same argument Matt Damon made. “millionaires like me could pay more.” GO RIGHT AHEAD…. THERE IS A LINE ON YOUR W-2 THAT YOU CAN REVISE ANY TIME YOU LIKE WHERE YOU CAN MAKE ADDITIONAL PAYMENTS. The reality is that every single dollar that is sucked out of the market and funneled into the government, whether it’s a rich mans dollar or a poor mans dollar, is another dollar that is being used to it’s least potential…..To service government Chinese debt, or to service SSI, Medicare and Medicaid debt….. Or pay for congress and the senates ear mark habit. Every dollar sucked out of the economy and into the government is a dollar that could have been used to give someone a raise, pay for better benefits or grow a company by hiring someone new.Taxes do not create jobs….. Capital/ cash creates jobs. Buffet sitting atop his billions in his twilight whining about how the government won’t tax him enough is hypocrisy of the highest order…. when he was young and struggling and hungry to build his company I don’t think he would have appreciated some old, waiting to die juggernaut saying that he should pay more. Companies in America are already saddled with a hyper-antagonistic regulatory environment… thats why companies move jobs over seas…. Because you can’t manufacture general goods in America and sell them at good price points with the enviro, labor compliance, SSI, taxes, FICA, FUTA, and workmans comp requirements we place on companies…. A frickin pair of Made in the USA jeans cost $200.00 but you can buy Mexican and chinese jeans for $30.00.Buffet’s grandstanding in his twilight. Its like someone playing a sport for a decade, then winning the championship, then retires to become and analyst and just whines about how the sport is meaningless and stupid and how all the players are egotistical idiots who can’t read…. But you weren’t #$%$ about it when you were champion of the sport and making your millions were you? Hypocrisy.

Comment above by the The Federalist