Americans side overwhelmingly with Obama and the Democrats on fiscal policy

By Michael J.W. Stickings

I've got this, Speaker. You lose.

Reflecting the right-leaning, Republican-friendly, split-the-difference views of the Beltway media generally, NBC is pumping up a new poll that suggests Americans are hungry for compromise:  

An overwhelming majority of Americans want Congress and the Obama White House to reach a deal featuring both tax increases and spending cuts to avert the so-called fiscal cliff, according to the latest national NBC News/Wall Street Journal poll.

Oh really. So Americans just want each side to give in and meet halfway, because apparently each side is equally right/wrong and perfection can be found right in the middle alongside the Beltway media and its indisputable wisdom? 

Uh, no:

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Newt refuses to admit he got it totally wrong on Clinton tax hikes on the rich

By Michael J.W. Stickings

He may fashion himself a historian, but really he's just a partisan revisionist, particularly when it comes to himself:

On Sunday, during an appearance on Meet The Press, MSNBC's Lawrence O'Donnell confronted Newt Gingrich for falsely predicting in 1993 that the economy would suffer if then-President Bill Clinton raised marginal tax rates.

Republican are making a similar argument against President Obama's call to raise marginal tax rates on the richest Americans, even though the economy and jobs grew exponentially during the Clinton years when the top marginal tax rate was at 39.6 percent for the top income earners.

Well done, Mr. O'Donnell, for refusing to let Newt get away with his usual bullshit.

Republicans reject Obama's initial "fiscal cliff" proposal, but he was right to make it

By Michael J.W. Stickings

The Times reports:

Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal on Thursday to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, $50 billion in immediate stimulus spending, home mortgage refinancing and a permanent end to Congressional control over statutory borrowing limits.

The proposal, loaded with Democratic priorities and short on detailed spending cuts, met strong Republican resistance. In exchange for locking in the $1.6 trillion in added revenues, President Obama embraced the goal of finding $400 billion in savings from Medicare and other social programs to be worked out next year, with no guarantees.

Tax increases (on the rich)? Stimulus spending? No more Republican-made debt ceiling crises? Now that's some change I can believe in. No wonder Republicans immediately rejected the proposal.

So does that mean it was pointless? Absolutely not.


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