Thursday, December 13, 2012

The Republican Delusions on Economic Policy

Surveys say:

"President Barack Obama won the public argument over taxes so decisively that almost half of Republicans now say he has an election mandate to raise rates on the rich.

"Majorities of about 2-to-1 also read the election results as an endorsement of Obama’s pledge to protect Social Security and Medicare benefits, according to a Bloomberg National Poll of 1,000 adults conducted Dec. 7-10." (via)


"A Wall Street Journal-NBC News poll released late on Wednesday, however, held the potential to shake up the stalemate. Three-quarters of those surveyed, including 61 percent of Republicans, said they would accept raising taxes on the wealthy to avoid the so-called cliff, as Democratic President Barack Obama is demanding.

With Republicans in Congress already divided, that rejection by their own supporters of the core demand of Republican House of Representatives Speaker John Boehner could further weaken his position." (via)


Meanwhile, the Republican delusions are growing:

"Boehner said when he saw the election results in November, he conceded that he and the Republicans would have to be willing to allow some tax increases for wealthy Americans in conjunction with deep spending cuts on entitlement programs. But the president, he said, is being a bully on cliff negotiations. "I think when they won the election, they must have forgotten that Republicans continue to hold a majority in the House," he said. "The president's idea of a negotiation is 'roll over and do what I ask.'" (via)


"Which is to say, it’s a debate between the moderately delusional and the utterly, irreconcilably delusional." (via)                                   

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