The polls show broad support for the tax deal. A Washington Post/ABC poll showed 69 percent support for the package as a whole, but only 11 percent supported all four of the deal’s primary provisions. People like compromise, but not what comprises compromise. This deal is like sausage—everybody likes it, but they don’t necessarily like everything that’s in it. Just eat the sausage, people. We’ll start eating healthy breakfasts after 2012.
Remember that hardcore conservatives absolutely hate this tax compromise. There’s proof right there that it must be helpful. The group Tea Party Patriots is blasting the reinstatement of the estate tax. Yeah, a lot of those people at the tea party rallies look like they’re going to get hit by a tax on estates worth over $10 million. If the people at all those tea party rallies have many estates worth over $10 million, they should be spending more money on professional sign makers. Or at least on a spelling dictionary.
As you listen to the new Republicans in Congress rail about spending, remember this history lesson from the last Democratic president who faced pressure on deficits from Republicans during an economic crisis: when FDR spent, unemployment fell. When FDR cut back under pressure from Republicans, unemployment rose. Like FDR, Obama has a choice. He can listen to Republicans, or he can listen to common sense. In 1938, in this famous fireside chat, Roosevelt recommitted to using government action to relieve the depression. Then, as today, the only reason to listen to Republicans on financial matters is to get a firm grip on what NOT to do.
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Jon Stewart tore into Republicans last night over their continued blocking of healthcare funding for 9/11 first responders…
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