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The Demise of the GOP as We Know It?

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  1. Raising taxes on the rich will not be paid by the rich. They’ll be paid by consumers through cost increases. The cost of doing business [and taxes are a cost of doing business] will go up, and will be transferred in the form of price hikes and in job loses. This is a class envy ploy by the left to get the republicans to raise taxes so that they can beat them over the head with it in the next election, and to dis-hearten and depress the the Tea Party movement. I say don’t fall for it!!!

    • I agree!! Even Charles Payne says the U.S. Treasury can pay all outstanding obligations and we the taxpayers have a lot left for existing programs.

    • Anonymous; expect us

      “IF” Tea Party support for the 1% is disheartened/depressed they really should not be, the organizers and their billionaire friends all got the 10-year tax cut extension they invested in. The Tea Party performed and delivered.

      Alternatively, we’ve just begun to fight back in recent couple weeks. When we do, you call it class envy or war. (Incidentally, check the polls, (Rueters and PPP) the Occupiers earn twice the favorability points as Tea Party. Your own rhetoric is about to make the conceptual abstraction of “class warfare” a household word and… “a good thing.” Keep it up.)

      First, Conservatives own half of the US Congress today. They have a responsibility to the people of this country.

      Second, our financial system and economy was compromised by 5 banks (and the 1% executives who earned bonuses for doing so), trading 95% of the $62 trillion value in credit default swaps, unregulated under Bush, in credit default swaps on the derivatives market. The value of that market grew from $1 trillion in value to $62 trillion between 2001 and 2008…under Bush. Problem was, these banksters were allowed to place bets they could not pay when called. They were also allowed to bet against the loans they made to their very own clients/borrowers. They were left ‘unregulated” and they were irresponsible. Greenspan was wrong in his guess about these sophisticated players in our capitalist system, admittedly. The banks were not able to protect their own interests from their own executive’s bonus structuring. We are paying the pay price.

      Conservatives need to fix our financial system… now. Occupier’s troop strength will grow… to be able to fix it ourselves. If, (when), we get there…. you can be sure we’ll fix what ever else we believe is broken.

      one voice of 99% and occupy protesters.

  2. The author makes some very strong points but ultimately fails on account of misrepresenting the fundamental argument. This is not about Republicans simply refusing to conceed to any revenue increases, this is about Republicans clinging to the mandate they believed got them elected and refusing to compromise until Democrats show an ounce of good faith. After the Health Care travesty who can blame them?

    Hopefully Republicans will find a way to own the legitamate “loop hole” issues, like how GE managed not to pay a penny in taxes. I even bet that could be directly linked to Democrat policy.

    If they allow Obama to misrepresent the issue as “Republicans once again protecting the uber-rich at the expence of everyone else” and continue to paint a false impression that “Dems only want to close unintended loopholes that corporations exploit”, Republicans will have utterly wasted every last penny of political capital they earned in the last election, and may even owe quite a few.