tag:blogger.com,1999:blog-3776665703590564248.post6347265043101958636..comments2024-03-27T01:57:19.605-04:00Comments on Return To Excellence: Responses - What Will These People Do Then?ReturnToExcellence.nethttp://www.blogger.com/profile/18149859814999976879noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3776665703590564248.post-91277226127287587632011-05-29T19:52:37.823-04:002011-05-29T19:52:37.823-04:00sorry I had a type -- 1996 actually is 2006 correc...sorry I had a type -- 1996 actually is 2006 corrected below:<br /><br /><br />The Heritage Group ‘won’ a vote from John’s audience while considering budget plans from a bi partisan think tank, another conservative think tank American Enterprise group, and a liberal think tank. The main point I want to make is that although John did a fairly good job in challenging all think tank policies he did not challenge the following few critical ones:<br /><br />1 – Liberal group’s drive to Repeal the Bush Tax cuts to save $4 trillion in 10 years:<br />This is totally false. Treasury Dept statistics indicate that tax revenues increased by 30% from 2003 – 2007. Whenever the tax base is decreased long term the US economy responds well and grows enough to generate more Treasury revenues than prior to the tax cuts. For more evidence, go to Treasury Dept statistics for the Kennedy, Reagan tax cuts and also Clinton’s 1997 capital gains tax cuts. Why did not Stossel quickly refute the liberal think tank assertion with these facts. The myth that tax cuts depress Treasury revenues is rampant in the liberal media and with Democrats. Some may be ignorant but others may actually know the truth but since it is against their anti capitalist agenda, they lie!<br /><br />Obama has consistently gotten away with this myth. Obama has left himself wide open many, many times with this myth when he makes the following point: (not a quote but close) – Under the Bush Tax cuts the rich have gotten richer, their incomes have gone up much more than the middle class. Yes – exactly 100% true – and the extra income added substantially to Treasury coffers! Why no Republican challenges Obama with pure simple facts is incredulous. One other interesting fact: The NY Times reported in 2006 that Treasury revenues will increasing faster than expected and referred to the Bush Tax cuts as a factor. I will try to find this article. Must have been not caught by the NY Times editors / dr. Mgt.<br /><br />2 - Liberal Think Tank stated that the economy prospered very well in the 90’s without the Bush Tax cuts and thus stated we should go back. Nonsense! There is one very, very significant difference between the 90’s and 2011: US government (federal, local, state) is now 44% of GDP, up from 35%. That is why we cannot go back to Clinton era tax rates and expect positive economic growth. 44% of GDP to public sector crowds out private enterprise, the only true long term jobs producer. Again Stossel blew it.<br /><br />3 – Bob Beckel – one of the 3 judges stated at least twice when praising the liberal think tank that the free markets caused the 2008 economic debacle. Again go to my blog http://economics501.wordpress.com/2010/12/ for the root cause of the 2008-09 Great Recession. Stossel did not touch this.<br /><br />Conservatives and Capitalists must do a better job in addressing these myths – before we have a 100% Socialist US.Ted Hruzdhttp://economics501.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-13158951159519701062011-05-29T19:14:11.577-04:002011-05-29T19:14:11.577-04:00Doug - Here is another prespective, same topic - h...Doug - Here is another prespective, same topic - how we do not sufficiently challenge the Left. After watching John Stossel special last night on Fox News with topic of what Think Tank has the best solution to our budget woes, I was amazed that John missed 3 critical myths the Left continuosly expands on:<br /><br />John Stossel - May 28, 2011 - Fox News Special: Best plans to address US budget woes<br /><br />The Heritage Group ‘won’ a vote from an John’s audience while considering budget plans from a bi partisan think tank, another conservative think tank American Enterprise group, and a liberal think tank. The main point I want to make is that although John did a fairly good job in challenging all think tank policies he did not challenge the following 3 critical ones:<br /><br />1 – Liberal group’s drive to Repeal the Bush Tax cuts to save $4 trillion in 10 years:<br />This is totally false. Treasury Dept statistics indicate that tax revenues increased by 30% from 2003 – 2007. Whenever the tax base is decreased long term the US economy responds well and grows enough to generate more treasury revenues than prior to the tax cuts. For more evidence, go to Treasury Dept statistics for the Kennedy, Reagan tax cuts and also Clinton’s 1997 capital gains tax cuts. Why did not Stossel quickly refute the liberal think tank assertion with these facts. The myth that tax cuts depress Treasury revenues is rampant in the liberal media and with Democrats. Some may be ignorant but others may actually know the truth but since it is against their anti capitalist agenda, they lie!<br /><br />Obama has consistently gotten away with this myth. Obama has left himself wide open many, many times with this myth when he makes the following point: (not a quote but close) – Under the Bush Tax cuts the rich have gotten richer, their income have gone up much more than the middle class. Yes – exactly 100% true – and the extra income added substantially to Treasury coffers! Why no Republican challenges Obama with pure simple facts is incredulous. One other interesting fact: The NY Times reported in 1996 that Treasury revenues were increasing faster than expected and referred to the Bush Tax cuts as a factor. I will try to find this article. Must have been not caught by the NY Times editors / sr. Mgt.<br /><br />2 - Liberal Think Tank stated that the economy prospered very well in the 90’s without the Bush Tax cuts and thus stated we should go back. Nonsence! There is one very, very significant difference between the 90’s and 2011: US government (federal, local, state) is now 44% of GDP, up from 35%. That is why we cannot go back to Clinton era tax rates and expect positive economic growth. 44% of GDP to public sector crowds out private enterprise, the only true long term jobs producer. Again Stossel blew it.<br /><br />3 – Bob Beckel – one of the 3 panel moderators stated at least twice when praising the liberal think tank that the free markets caused the 2008 economic debacle. Again go to my blog http://economics501.wordpress.com/2010/12/ for the root cause of the 2008-09 Great Recession. Stossel did not touch this.<br /><br />Conservatives and Capitalists must do a better job in addressing these myths – before we have a 100% Socialist US.<br /><br /><br /><br /><br /><br /><br />My comments:Ted Hruzdhttp://economics501.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-23687450196588308182011-05-29T19:04:41.720-04:002011-05-29T19:04:41.720-04:00Re: NY -26 and Republican’s poor response to Democ...Re: NY -26 and Republican’s poor response to Democrats Medicare myths<br /><br />Doug – both responses are spot on. Conservatives and capitalists must do a much better job in passionately explaining their positions and immediately rebutting the Left’s myths and lies. I would like to add to this perspective.<br /><br />Political landscape:<br />Two core factors have altered the political landscape where now a stunning 59% rely on Federal transfer payments at least in part, for income.<br /><br />(1) Largely Democrat but also many complacent Republicans expanded the role of Government in social policy and income redistribution<br />(2) Democrat immigration policy, along with Republican weak resistance, has added many more –some legal, some not, to a reliance on Government.<br /> <br />The Left’s Passion:<br />The Left for decades, with great persistence, has been pursuing a policy to destroy American capitalism and to increase citizen reliance on Big Government. We now have a Nanny state where 48% pay no taxes and 59% receive some income from the Government. How can conservatives and capitalists ( CC ) operate politically long term in such an environment? They made gains in 2010 but 2012 will be much tougher.<br /><br />How the Republicans lost the 2008 Presidential election:<br />Recall that McCain had a slight lead until the first TARP vote. That vote failed. However, before the vote, Nancy Pelosi blamed the economic mess on Bush and Republican economic policies. This was a lie! Root causes included government interference with the housing market, mandating that banks and Freddie/Fannie approve mortgages to those with extremely weak credentials. Community organizers protested on bank CEO home lawns calling them racist if they did not lower standards. HUD secretary Cuomo mandated that at least 50% of Fannie/Freddie business be subprime. Barney Frank resisted numerous requests to rein in highly leveraged Fannie/Freddie. Then Barney Frank stated both were strong and stable in July 2008, freezing many investors; Freddie/Fannie collapsed two months later. Visit my blog for more details - http://economics501.wordpress.com/2010/12/ - ‘Root Cause of 2008-09 Great Recession.<br /><br /><br />Incredibly, no major Republican countered Pelosi, either a Socialist or an economic dunce but a shrewd politician. Where was Bush to counter with the facts, or McCain, Palin, any major Congress person , even Romney – with his venture capital experience? The Left, for the majority of time, has been more passionate that the Right over the past few decades.<br /><br />What to do now?<br /><br />We must immediately rebut all myths espoused by the Left. We must also anticipate their responses and beat them to the punch. We must not just be proactive; we must be preemptive. The Left historically has been more passionate that us. The Left for the most part still controls the media but their grip is loosening thanks to Fox News and internet blogs. Right now we need Paul Ryan to detail on a daily basis if needed, not only aspects of his Medicare plan, but also honest facts about Medicare solvency.Ted Hruzdhttp://economics501.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-53010693146969032562011-05-28T18:39:56.098-04:002011-05-28T18:39:56.098-04:00Very well written. I could not do better myself -...Very well written. I could not do better myself - you have a good command of words. Now my question - what would you do in this situation? Send out your own reply letter to your members telling them you are running for office. Like in horse racing - long shots do win.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-50467450041137927822011-05-28T18:38:31.023-04:002011-05-28T18:38:31.023-04:00Republicans know what they are up against, they ha...Republicans know what they are up against, they have to be out in the lead, say it first instead of responding all the time. Take the lead - they have to get out of the ditch.Anonymousnoreply@blogger.com