The most prosperous times America has enjoyed was when the Corporate and marginal Tax Rates were at it’s highest. There is absolutely NO data proving low tax rates brings on prosperity. Moreover there is also no data supporting giving the wealthy, (the so called job creators) massive tax cuts that trickles down to the masses and “And rising tides floats all boats” The opposite is true actually based on DATA and actual results. When you have Ben Stein on Fox and Friends of all places state this very truth (then he begs not to be killed for saying it) you know it’s telling……..
During this election campaign the American public has been inundated with lies from the Republican Party. Some of these lies have been told and repeated for so long that they have assumed the proportions of myth, and are accepted by a great many Americans. But they are still just Republican lies.
I have been trying to attack these lies one and a times, and have written several posts about them. But Dave Johnson over at Campaign for America’s Futurehas combined them into one very good post. He cuts through all the BS and exposes these mythic lies, and then tells the truth about them. Here are those 8 lies:
3) President Obama bailed out the banks.
Reality: While many people conflate the “stimulus” with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be “non-reviewable by any court or any agency.”) The bailouts passed and began before the 2008 election of President Obama.
5) Businesses will hire if they get tax cuts.
Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.
8) Government spending takes money out of the economy.
Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on “welfare” and “foreign aid” when that is only a small part of the government’s budget.
Many of us already know that Fox News is biased — but it’s actually much worse than that. For years they have used lies, distortions, and race-baiting to divide this country. Recently, it’s gotten downright dangerous. Earlier this summer, a heavily armed man got into a gun fight with police after he was pulled over on his way to kill people at the Tides Foundation — an obscure non-profit that Glenn Beck regularly demonizes on his Fox News TV show.
Fox News is bad news for America — and it spreads, and is legitimized, partly through TVs in public places.
That’s why I’ve joined the TurnOffFox campaign — the first part of a larger campaign to diminish the influence of Fox. It’s about educating people about Fox and getting it turned off in stores, restaurants, and other public places.
Will you join me? It takes just a moment to declare your own household “Fox free”, and at the same time appeal to public establishments in your community to stop playing Fox. And you’ll get a FREE Turn Off Fox sticker when you do. Click here:
No other news organization that’s considered legitimate consistently wages smear campaigns based on lies and race-baiting. But for years Fox News has done exactly that, and the pattern has only gotten worse since Barack Obama entered national politics.