As a father of a special needs son who has darker skin than most African Americans in our culture today, I am more sensitive than most when it comes to how people wish to construct the future world that he will be forced to live in.
Having said that I've also suffered my last bit of stupidity uttered by those who wish to reduce him and everyone else to merely how much the government should be giving them, based on what color their skin is. That stupidity is racism. That stupidity has not been banned by supposed "civil rights" defenders." And that stupidity seeks to keep their fellow African American citizens in the ghetto, at the back of the bus, in the gang, in the single parent home, and nearly every other stereotype you can apply.
Only with these purveyors of racist stupidity they seem to be unaware that they seek to only further enslave themselves to special interests they do not serve their long term well being.
Christian Dorsey is one of these purveyors, moments ago completing a stint on Cavuto's show on Fox News. Dorsey is the Director of External & Government Affairs at the left leaning Economic Policy Institute.
In a series of rapid fire questions Dorsey implied all of the following false ideas:
1. That tax-cuts create deficits...
2. That the medicare drug benefit, bailout, and stimulus packages, account for little of the current defecit...
3. That the Obama stimulus package has created in excess of one million jobs...
Christian Dorsey needs to get out more, because Christian Dorsey doesn't know a bloomin' peep of what homie's spouting...
1. Tax Cuts on the top marginal rates have created RECORD REVENUES in the federal treasury in Washington DC. Historically they have done so 3 times under both Democrat and Republican administrations, and in doing so they singularly armed the Government with the best possibility of reducing deficits on all three occasions.
Dorsey knows this though. Under the Kennedy, Reagan and W. Bush administrations top marginal rates were significantly reduced. Under all three, the year following implementation the U.S. Federal Treasury took in RECORD revenues. Dorsey also knows that deficits are not ultimately, or I should say totally or completely healed by revenue alone. When a President issues a tax cut, and small business put lots of people to work, and lots of working people create larger and larger tax revenue sources, and those taxes are paid accordingly, and the Government finds itself the beneficiary of revenues to a surplus degree, only half of the equation to eliminate deficits has occurred. If Congress, as a result of seeing all this money come in, licks its chops and tosses out all kinds of additional spending measures to secure pork for back home - then a deficit not only doesn't get paid down, but can actually increase.
Such was the case in all three instances. And Dorsey knows it.
2. Dorsey implied that government spending wasn't the primary cause of the deficit. Yet even in his own terms he stated the expansion of medicaid (read the drug benefit of 2003) and the bailouts and stimulus packages were somewhere between a third and half of the current deficit.
Thus Dorsey the unwitting, or dishonest chap he is plays right into the hands of my argument to his first point. The drug entitlement program was the largest expansion of government since FDR. The U.S. Government turned around and not only spent the revenues they had taken in, but spent beyond that. Barney Frank and the Congressional Black Caucus during that point in time had also forced other companies on Wall Street and beyond to be saddled with buying the phony mortgages from Freddie Mac and Fannie Mae. In doing so the cracks for the economic crisis were formed and when the bankruptcies came due the bailout and stimulus race was on. Dorsey's refusal to admit that spending had any part in the equation to create the deficit betrays a level of dishonesty that is bold even for leftists.
3. Dorsey then threw out the easily disproven number that the Obama administration's stimulus program had CREATED 1 million jobs. (For the record, not even the Obama administration attempts to be this farcical in its nonsense about jobs.)
The best number that the Oministration can come up with is roughly 60,000 "saved" jobs. However many of those have been jobs we have learned since were never in fear of being lost, and in fact some of the stimulus money went to giving raises to people that otherwise wouldn't have been in danger of losing their jobs.
What is provable and easily so is that on Obama's watch 3 million fewer people are working than when he came to office. What is easily provable is that he promised he would let the unemployment rate peak at 8% and
that it is currently well over 10% nationally, 17% in terms of the number of people not making the income they need, 23% amongst blacks in Michigan, and
35% amongst black men across the nation.
The ONLY SOLUTION to the current economic crisis is long term tax relief for all Americans yes, but most importantly for "the rich." Who are "the rich?" Well, I'm not talking about Bill Gates or Warren Buffett.
I'm talking about all those "rich" small business owners that create two out of every three new jobs that are created. Empowering the small business to be able to succeed, helps everyone across the board. The same also happens when small businesses grow and are able to become medium businesses or even *gasp shock gasp gasp* "big" businesses. But all of those to a lesser degree.
Getting small businesses to take the risk to begin, develop, grown and succeed--strictly on the merits of their own efforts IS the long term economic solution to America's financial woes.
Mr. Dorsey's bio at the EPI tells us he has much experience in getting community groups to advocate on their behalf. In other words he's great at getting unemployed people to moan about how bad they have it until the government gives them something.
What Mr. Dorsey refuses to see is that if you simply got everyone from advocacy to gainful employment, their gripes would decrease, and their standard of living would increase.
But then Mr. Dorsey wouldn't have anything to do with his time... poor him.
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