Thursday, January 29, 2009

Co-president

I wish they'd proposed this in 2000.

Rush Limbaugh also makes an appearance in today’s Journal. He has a clever idea to give Obama 54 percent of the $900 billion package — equating that amount to the new president’s electoral majority — while 46 percent, which was John McCain’s electoral tally, would go to a tax-cut plan that would halve the U.S. corporate tax rate and provide a capital-gains tax holiday for one year, after which the investment tax would drop to 10 percent.

Besides the sheer lunacy of this clever idea, it's unclear what he means by "electoral majority." Obama won 365 electoral college votes to McCain's 173. That's a 68% majority. It's math skills like that that make Larry Kudlow to be the go-to guy on ideas to fix the economy.

Ok, let's give the idiot the benefit of the doubt and assume that in his fever brain he meant the popular vote. The gap between the two candidates represented a landslide in modern politics. But beyond that, wasn't it on the very subject of the economic crisis -- and McCain's various reactions to it -- that Americans decidedly declared they had no confidence in McCain's leadership at all?

So Larry the Clown should shut the fuck up. But first, let's run down the various criticisms with the stimulus bill burped by Kudlow and the various other Bush economic stalwarts determined to oppose the legislation no matter how many kittens Obama promises them along the way:

  • It's too large.
  • It doesn't cut taxes for the wealthy or cooperations sufficiently.
  • It gives too much money to the states who have been profligate, apparently, in providing aid to the unemployed and the uninsured. And children. And mothers expecting children. Etcetera.
  • It cuts taxes for people who only pay payroll "pay no taxes."
  • Repairing crumbling infrastructure is both "pork" and will take too long.
  • What would Reagan do?
  • FDR caused the Great Depression
  • Do nothing.
  • Laffer Curve!!!!1!!

The fact that the cable media gives these shrieking harpies more air time than they do sensible people doesn't make Republican opposition any less chaotic, confused, contradictory, and oh yeah, cynical.

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