Free Markets, Free People

Middle Class Tax? Knock, Knock – “Hello Out There!”

Read this carefully. This is from George Stephanopoulos:

To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, “We’re going to have to do what’s necessary.”

Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.

“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”

“We will not get this economy back on track, recovery will be not strong and sustained, unless we convince the American people that we are going to have the will to bring these deficits down once recovery is firmly established,” he said.

For the gullible who believed their taxes weren’t going to go up “one dime”, Turbo Tax Tim is laying the ground work to prove your gullibility.

For those who never believed the “promise” to begin with, big surprise, right?

But the more important point is found in Geithner’s last sentence in the cite. In there he’s telling the public that they have to bear the cost of this administration’s profligacy. Because, you see, they spent your money (like the porkapalooza they called the “stimulus package”) like drunken sailors on shore leave and it is now up to you – the sober ones in this deal – to bail them out. But watch ’em – they’re going to claim they saved the economy.

And now they’re ready to save the climate and fix your health care too.

Yes some very hard choices are going to have to be made – some adults are going to have to stand up to Timmy and the boys and say “no”.


14 Responses to Middle Class Tax? Knock, Knock – “Hello Out There!”

  • Yes some very hard choices are going to have to be made – some adults are going to have to stand up to Timmy and the boys and say “no”.

    And whose voice will they hear?  Or more succinctly, whose voices will they choose to listen to?  Voices like that of Pelosi?  Voices like that of Kucinich?  Or even voices like that of Erb?

    As the debate continues, watch the Administration stack the deck.  How?  With a compliant media as unwitting (or even willing) participants, watch the venues grow ever more partisan.  Watch the questions from these partisan crowds become ever more arranged.  Watch the debate become ever more orchestrated.  Watch the entire process become ever more propogandized.

    The Tea Parties of the past will continue but, as in the past, will be ignored.  The voices heard in the staged events will be all that is heard.  Those will be the voices that will be listened to and those are the voices of the people, through the media,  that the public will hear.  And the result will be applause from those who are being saved directed at their savior – Obama.

  • I see a lot of posts from people responding to this in a similar vein. Here’s what I’m not getting: the whole “They spent all your money” etc. meme. Geithner wasn’t SecTreas and Obama wasn’t president when the bailouts were first done, both candidates voted TARP/etc, and there was a massive deficit before Obama took office. Now obviously Geithner was at the NY Fed and Obama was pro-bailouts as a senator. Both of these guys were *part* of the problem but most of the spending was done before they took office – yet all I’m seeing is “Obama spent all your money and wants to raise your taxes.” Take comfort in simple answers much?
    And as far as campaign promises go, McCain said he was going to balance the budget in one term! Of course they were lying. It’s crappy but I’m not understanding why it should be shocking to us unless we’re just looking for something to be outraged by. Newsflash: the president lied about something while campaigning. Also dog bites man.

    • Was Geithner SecTres when the “stimulus” was passed? Was he SecTres when the umpteen trillion 10 year budget plan was put forward to Congress?

    • Newsflash, he campaigned pretending he was ‘change’, and ‘transparent’ and ‘honest’ and ‘ethical’.
      And like a sack of dog poo in a brandy new package, you bought it, didn’t you?
      And now that you opened it and discovered the poo, you’re trying to tell yourself, and anyone else who will listen, that the other guy would have done EXACTLY the same thing anyway.
      Oh, and besides, it was all Bush’s fault!

    • But, hey, don’t let facts cloud judgment –

      In the early months of his presidency, President Obama has shown he isn’t afraid to spend billions of dollars on corporate bailouts or to run up trillions of dollars in U.S. debt to battle an economic crisis.
      But in doing so, he has initiated the largest expansion of federal government since World War II and set up a massive challenge for his administration — one that officials are already warning will be fraught with peril.
      During the first 100 days of his presidency, Obama has signed a $787 billion stimulus bill into law, proposed an eye-popping $3.6 trillion budget for the next fiscal year, taken over a massive $700 billion Wall Street bailout program and created other billion-dollar programs to help grease the economic wheels.
      Analysts call the spending spree “unprecedented” when the nation is not in a declared war, and they say the challenges that accompany it are a logical result.

      My emphasis – “spending spree unprecedented” being the very very key words.
      And if you don’t think the Health Care plan, or Cap & Trade (save the world!) are going to raise your taxes and certainly your cost of daily living, well, there’s not much more to say.
      You’d think White House security would be able to stop a couple of age 60+ guys (Bush and Cheney) dressed in ninja suits,  from sneaking into the White House and forcing Spammy to sign spending bills at sword point.  But since Bush is makin him do all this, I have to leave that scenario open as a possible explanation when Spammy blames Bush (again) for what he’s doing.

  • What school of economics says raising taxes is key to getting an economy on track?

    • “What school of economics says raising taxes is key to getting an economy on track?”

      It is the School of Karl Hussein Obama Marx. That schmuck who the media keeps telling us is President.

  • The school that says the more we set up businesses and the economy to fail, the more people will need to depend on the government.

  • I swear I used the Reply button under Jody’s comment.

  • So, Mr. Tax Cheat says he will “have to do what is necessary”?

    How is this, Little Timmy? If you and your crooked boss dare to raise taxes on the American people in the midst of a recession, while you and your ilk have spent us into near bankruptcy, while your clownish administration and their willing dupes on Capitol Hill foist a socialized health care system on us, WE will have to do what is necessary. We will have to vote the Democrats out of office EN MASSE in 2010, and then we are going to send your Dear Leader back to illinois in 2013 for some much needed rest and community reorganizing.

    We will have to do what is necessary to save this country from the thugs and slusg you and your maladministration are composed of.

  • Geithner was president of the Federal Reserve Bank of New York when TARP was passed .. hardly out of the loop.

    • I had pointed out from his nomination announcement that, being president of the New York Federal Reserve Bank, Geithner has so much blood on his hands. The NY Fed’s job is to manipulate interest rates. As president, Geithner’s job was simply to follow the Fed Chairman’s bidding.
      Geithner’s nomination was announced on the third Friday of November, and it was deliberately chosen. The third Friday is when stock options expire, so you tend to see a little bit of a market rally in the afternoon. Even Larry Kudlow, IIRC, fell for the BS that “Oh, markets rallied because they have confidence in Geithner.”

  • McCain said he was going to balance the budget in one term!
    Was this before or after TARP ?
    The problem of having long (seemingly endless) campaigns is that the promises at the beginning look pretty dumb by the end, but I noticed that Obama is still running on the early promises … even when the economic landscape has taken a magnitude 11 earthquake.

  • It really grates on me to hear politicians talk about “reducing the deficit.” It is dishonest wordplay of the worst stripe.  It’s like a thief explaining to the public that next year he plans to carry out fewer break-ins at local homes and the locals considering that an improvement.  Especially when this year, he broke into more homes than he had in his entire career as a criminal.
    This allows the current administration to present tax increases as a temporary stopgap.  “We need to raise taxes so we can lower the deficit like we promised!” But like any past administration, you’ll never mention the debt.  At some point the public needs to understand that lowering the deficit doesn’t lower the debt.  And lowering the deficit is meaningless when you’re comparing future deficits to the largest one in US history.