Republicans Run Off with Loot

The first repercussions from the November General election are starting to surface

All Democrats support tax cuts for middle class Americans. But Democrats do not support welfare for the multi millionaires and billionaires in the form of tax cuts and relief from estate taxes for the super rich.
Immediately after the election the Republicans ran back to Washington, DC and proclaimed Americans have shown, via votes, that they want multimillionaires and billionaires to have an unlimited extension of tax cuts - and no discussion available because more Republicans are coming in 2011. To hold the President hostage, the Republicans said if the super wealthy did not get tax cuts, all people earning less than one million dollars will have their taxes raised too and those workers who were unemployed because of the economic crash caused by bankers, Wall Street and industrial executives, will no get unemployment compensation. While workers lost their jobs and benefits, most of those tycoons who caused the financial crash walked off with big federal payouts, often recouping 100% of their pay, benefits and bonuses with our dollars.

Now the Republicans are holding the middle class and our Democratic representatives hostage. President Obama has promised to end the tax breaks for the extremely wealthy, but the Republicans promise to ‘stick it” to the average American if he does. President Obama and all recognized economists see the economy improving, so the President does not want to stop middle class growth and spending by taking more family income via taxes. Democrats agree the middle class needs tax cuts and a growing economy with job creation. We have a $14 trillion national debt and the Republicans are forcing our government to increase the national debt by potentially $700 billion dollars and more - that means borrowing more money from China or the middle east - and less control of our government. Meanwhile, the mega wealthy who are getting these tax breaks are spending their money in China, Hong Cong, Taiwan, Pakistan and other foreign countries. Yes, and some of that money funnels back to corrupt officials, Al Qaeda and the Taliban and eventually is used against us in the U.S. in various ways including the illegal drug industry, and against our soldiers. Many U.S. soldiers are killed by weapons bought through the American money chain. The wealthy sell guns to all foreign combatants and the weapons kill our middle-class soldiers.

The Republican behavior is anti-American and reprehensible and we will have to deal with these issues over the next two years. President Obama has chosen not punish the American middle class - so he gave the mega wealthy their demanded tax cuts in exchange for a middle class tax cut extension and an 18 month continuation of unemployment benefits.

We will be debating the tax code and the national debt into 2012, but we must not allow a repeat recession, so the deal to continue to help the middle class must go through now because there will be more Republicans in Congress in January.

President Obama was given a Hobson’s choice. He chose to help the middle class and help the economy. The wealthy billionaires will ride the backs of you and me like drunken cowboys and we can only watch them run off with our money. But, the Central Valley voted to continue this Republican activity for the next two years, so I assume they are happy for the Republican tax cut victory.

Never has the gap between rich and poor been wider. It is the best of times (for the rich), it is the worst of times - eventually we taxpayers must pay in taxes for this booty to the wealthy.