The
past eighteen months have seen the Bush tax cuts take the blame
for a domino effect of economic problems. Democratic leaders
have told us how the tax cuts were responsible for the declining
economy. The tax cuts supposedly greatly contributed to rising
unemployment and the falling stock market. The $40 billion Bush
tax cut has even been blamed for the $400 billion swing from a
surplus to a deficit. Basically, the Democrats have claimed the
Bush tax cut to be an absolute disaster for America.
Well,
Tuesday morning saw one of America’s most hailed politicos
trumpeting the virtues of even more tax cuts to jump start the
economy. This figurehead of conservative economic policy ideals
went on to tell his listeners, "In the short term, let us
do what many economists have suggested and prime the pump so
more money goes into the economy."
It’s
going to be interesting to hear how the liberals react to this
proposal. Why I can just see little Tommy Daschle throwing
another fit on the Senate floor, telling America this is
"outrageous!" as his veins bulge on his forehead. No
doubt Al Gore will demand prime time coverage to voice his
displeasure.
All
of the Democrats will want to jump on this one. Dick Gephardt
will tell us, oh, wait a minute. HOLD THE PRESSES!!! Dick
Gephardt said it! How can that be? How can the Democratic
leadership blame the Bush tax cut for virtually all things
economic, then turn around and say we need more tax cuts?
As
Gephardt spoke to his Economic Policy Institute audience
Tuesday, he even eclipsed the disastrous $40 billion Bush tax
cut by telling his plan for a $75 billion cut. His stimulus plan
would also include $25 billion for school construction, $25
billion to help state and local communities protect key
facilities from terrorism, and $75 billion for tax payer financed
health care. By my math, Gephardt is proposing $200 billion in
tax cuts! If Bush’s $40 billion cut created our current
economic situation, imagine what this will do!
The
truth is, for once, Gephardt is making some sense. The Democrats
don’t like to admit it, but common sense says, if you want to
stimulate consumer spending, give the consumers more to spend!
That’s not that difficult to understand, but very difficult for tax
and spenders to admit.
So
where is this all coming from? Did Dick Gephardt have some dream
of revelation Monday night, or is this just more posturing? The
election is but a few days away, the dems are desperate for an
issue. Is this a rehash of the ploy to move to the right before
election, only to jerk the rug out from under voters after the
election? We’ve seen that one before by the dems, but it
doesn’t wash here, as Gephardt is not up for re-election.
I
think Gephardt is playing the sly fox. He sees the trouble his
party is in. He’s looked at the polls. He knows Americans are
paying little attention to Al Gore, they thought little of the
recent Daschle tirade, who has allowed Americans to see the real
Tommy Daschle, which is not a pretty picture. No one seems to
take Hillary serious anymore. I think Gephardt has seen the
trouble the democratic leadership is in and is making an effort
to distance himself from the pack. He has visions of the
Democratic Party nod in 2004, and is posturing for popularity
among the people. But if that’s the case, he is doing so at
the risk of alienating himself from the party in general and the
DNC specifically. Terry McAuliffe must be hemorrhaging right
about now! It will be interesting to see how this pans out in
days to come. No doubt, it will have a mixed reception among the
democrats.