After arguing on Sean Hannity’s Great American Panel last night that the key to reviving the economy is an across-the-board extension of the Bush tax cuts, the in-box filled with the predictable denunciations of the rich, of Bush, of Fox News and, of course, of me.
It is remarkable how many left-wingers watch FNC in general and Sean and the GAP specifically. No wonder MSNBC has such a small audience. Even the hard left prefers a real conversation to an echo chamber.
To all of the Bush haters, the issue isn’t your opinion of the last president, the “rich,” Rupert Murdoch or me.The only issue is whether stopping the massive tax hikes will help grow the economy and create real jobs, not fake jobs that would not exist but for government subsidies that must go away, and soon.
Real, lasting employment comes from real, market-driven investment spurred by private individuals making, keeping and reinvesting wealth. The folks who make the money are simply much better positioned to invest that money to make more money than is the president, Joe Biden, Lawrence Summers, Timothy Geithner, Nancy Pelosi, Charles Rangle or Harry Reid. The sad truth is that Democrats and the hard left base that drives the party seem much more focused on punishing success and continuing the campaign of 2008 than they do with creating the conditions for real, sustained economic growth.It will take political shock treatment on November 2 to reconfigure the mindset of the Beltway and to dispatch new majorities in the House and perhaps even the Senate to get growth, not ideology, back at the top of the legislative agenda.