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OpEdNews Op Eds    H3'ed 8/31/10

Reasoning? What Reasoning?

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And about all that job creation we were supposed to get for our money? Well, the official unemployment rate is 9.6%. But the real rate, the real human suffering , is more like 17%, and growing.

Even those in Congress, the rich got richer thanks to the Bush tax cuts they voted into law.


Sen. John Kerry, (D-Mass) saw his net worth jump $20 million last year.

Rep. Jane Harman saw her family fortune jump by $40 million in just the last year.

Rep. Michael McCaul, (R-Tx) saw his piggy bank fatten by $25 million this year.

Even House Speaker, Rep. Nancy Pelosi, (D-Ca.) saw here net worth jump a healthy $9 million last year.

(The full list of the top 50 richest members of Congress)


No wonder the Bush tax cuts are (yes, I said "are", not might) going to be extended before they expire in January. It has nothing to do with jobs. It has everything to do with the simple fact that people smart enough to get to Congress or smart enough to get to the top in business, are not about to vote against their own interests. (Unlike the small army of morons they've whipped up read Tea Party to do exactly that... agitate and vote against their own and their children and grand children's best interests. They're like a bunch of chickens taking up a collection for a monument to Col. Sanders.)

So, ladies and germs, as you listen to all the "reasoning" behind extending the Bush tax cuts, remember all this. There's nothing, by the way, you can do about it. All that democracy stuff doesn't apply here. But at least feel insulted that they'd think you are dumb enough to actually believe after all that's happened over the last decade that continuing to under -tax the rich is just the medicine America needs to revitalize our working and middle classes.

I mean, who you gonna believe -- them or your lying eyes?

toon
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Stephen Pizzo has been published everywhere from The New York Times to Mother Jones magazine. His book, Inside Job: The Looting of America's Savings and Loans, was nominated for a Pulitzer.

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