Reuters: Health reform to worsen doctor shortage
Speaking truth to old-stream media bias.
The key result ... is in panel C, which shows the behavior of real GDP following an innovation of one percentage point to our series of exogenous tax changes ... The estimated maximum effect is a decline of 2.93 percent after ten quarters ... the effect falls to -1.84 percent after 15 quarters, and then remains roughly at that level."
Great article! Basically the D's are campaigning that it's either 'The Democrats or the Devil'.
Good News: we've got energy independence.
Even many of the Dems agree that adjourning now is not the right thing to do.
French budget makes 'historic' spending cuts...
WASHINGTON – A group of 47 House Democrats are telling party leaders they want to continue Bush-era tax cuts on investment income, breaking ranks with President Barack Obama and exposing divisions among Democrats over their party's pre-election message about taxes.
The lawmakers, led by Rep. John Adler, D-N.J., have sent a letter toHouse Speaker Nancy Pelosi saying they strongly support extending the current tax rates on capital gains and dividends.
"Raising taxes on capital gains and dividends could discourage individuals and businesses from saving and investing," said the letter, dated Friday and released Tuesday. "We urge you to maintain the current tax rate for both dividend and long-term capital gains taxes."
Tax cuts enacted in 2003 set the top tax rate on capital gains and dividends at 15 percent. Those tax cuts expire at the end of the year, and Obama wants to let the top tax rate on capital gains and dividends increase to 20 percent for individuals making more than $200,000 and married couples making more than $250,000.
But if all 47 Democrats who signed the letter side with Republicans, they could prevail in extending the investment tax rates for all taxpayers, including the wealthy. The letter was signed by a several vulnerable freshman and members of the conservative Blue Dog coalition.
The tax cuts on investments were part of a sweeping package enacted under former President George W. Bush that lowered income taxes for families at every income level. All the tax cuts expire at the end of the year.
Obama and Democratic leaders in Congress want to extend the tax cuts for individuals making less $200,000 and married couples making less than $250,000. Republicans and a growing number of rank-and-file Democrats want to extend them all — even those for the wealthy — at least temporarily.
Democratic leaders in Congress had been pushing for a vote to extend middle-class tax cuts before lawmakers go home to campaign for the Nov. 2 congressional election. But action on the tax cuts was postponed until after the election when Democrats could not agree on how to proceed.
With no vote on the tax cuts scheduled before the election, Democrats are left writing letters to their leaders to publicize their positions.
"The Speaker has stated clearly that Congress will extend middle-class tax cuts this year," Pelosi spokesman Brendan Daly said. "There is no question that Congress will do so."
Republicans, meanwhile, say it is irresponsible for Democratic leaders to send lawmakers home without addressing the Bush tax cuts.
"I think it's a dereliction of duty for Speaker Pelosi to adjourn this Congress without addressing the number one question on the minds of Americans and small businesses, and that is, what's my tax rate going to be?" said House Republican Whip Eric Cantor of Virginia.
Senator Bob Casey is a dummy when it comes to the economy.
The jobs agenda put forth by Senate Democrats has begun to lose support within their own caucus, including a Tuesday vote in which a bipartisan filibuster defeated a bill to stop jobs from being shipped overseas.
The bill and a stopgap spending measure were likely the last major debates before Senators leave town this week to prepare for November's elections.
The jobs bill would have offered a payroll tax break to companies that move jobs from overseas to the United States and would have withdrawn tax writeoffs from companies that laid off U.S. workers and replaced them with employees overseas.
But four Democrats and one Democratic-leaning independent joined 40 Republicans to filibuster the bill, arguing that it was too blunt an approach to a very delicate problem. Among the opponents was the chairman of the Finance Committee, Sen. Max Baucus, Montana Democrat, who had said the bill would put U.S. companies at a "competitive disadvantage."
"The reality of the consequences for manufacturing jobs in the United States was cast aside to create a debate for political demagoguery,"Sen. Charles E. Grassley, Iowa Republican, said.
The measure was the latest "jobs bill" Democrats have put on the floor in recent months, with varying degrees of success. A small-business lending fund measure was signed by President Obama earlier this week after a smattering of Republicans broke with their leaders to back it.
Overall, though, Democrats have had a difficult time both in getting their jobs packages passed and in connecting with voters, who are concerned about the unemployment rate, which ticked up to 9.6 percent last month.
In the run-up to Tuesday's vote, Democrats blamed Republicans for blocking many of the Democrats' attempts.
"We're in a situation now where too many colleagues seem to be rooting for failure," said Sen. Debbie Stabenow, Michigan Democrat, who was one of the leaders in the push for the bill to stop jobs being shipped overseas.
And Sen. Bob Casey, Pennsylvania Democrat, said he "can't think of a single big idea [Republicans] have offered to create jobs."
Economics according to Obama: Taxes on capital gains and dividends should be higher, for "fairness," even if this results in less investment, lower growth, more joblessness, smaller revenues for the government and more federal debt.
You talk about being a ding-a-ling and how that makes you ineligible to be a politician.
For the first time in my adult life, I agree with Obama,
(H/T RedState)
Here are three quotes left in the comments section of that post that say it all:
"I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes." —Thomas Paine December 23, 1776
"It can't happen without you, without a new spirit of service, a new spirit of sacrifice." —President-Elect Barack Obama, November 4, 2008
"It stands to reason that where there's sacrifice, there's someone collecting sacrificial offerings. Where there's service, there's someone being served. The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." —Ayn Rand, The Soul of a Collectivist, For the New Intellectual, 73
When the R's take the congress this November (I'm seeing that now from my front porch), then next January they get the subpoena power of the majority... Look out corrupt D's
CHRISTOPHER COATES' TESTIMONY ON THE DOJ RACISM SCANDALS makes the Washington Post front page.
A veteran Justice Department lawyer accused his agency Friday of being unwilling to pursue racial discrimination cases on behalf of white voters, turning what had been a lower-level controversy into an escalating political headache for the Obama administration. . . . The rare spectacle of a Justice Department lawyer publicly rebuking the department's leaders came amid heightened legal and political fallout from the case. The commission is to issue a report on the matter next month, and an internal probe by the department's Office of Professional Responsibility is pending. . . .
"We had eyewitness testimony. We had videotape. One of them had a weapon. They were hurling racial slurs," Coates said. "I've never been able to understand how anyone could accuse us of not having a basis of law in this case."
I guess this story has officially broken out of the blogosphere now. I'm not sure that attacking the Civil Rights Commission is a smart response by DOJ.
Related: Hans van Spakovsky: Time for Change: Gov't Must Address Lawlessness Uncovered by Christopher Coates. "Unless senior officials at Justice take steps to repudiate such policies, they will destroy public confidence in the legitimacy of the Civil Rights Division's enforcement of voting rights laws, and its stewardship of the election process. If Fernandes and King have the views described by Coates, they should resign or be fired. And Perez has a responsibility to explain why he misinformed the Civil Rights Commission and why he took no steps to investigate problems Coates identified to him."