And the teabaggers are protesting...What? A 3% rise in the tax rate for millionaires?
Anti-Obama Taxpayer Tea Parties steeped in insanity.
Or maybe they'll do it for some other reason. The FreedomWorks site says the Tea Party movement began in reaction to President Obama's corporate bailouts and ensuing yawning budget deficits. These same conservatives, however, were mum when George W. Bush erased our budget surplus and put us deep in the red by drunken spending on a pointless war in Iraq and by, yes, granting massive tax rollbacks for the loaded country clubbers who fund the GOP (and Armey's FreedomWorks). Another bothersome detail: The bailouts were also initiated by Bush.
Nobody I know is very pleased with the billions ladled out to teetering banks and corporations. Yet a clear majority of Americans are sophisticated enough to know that these bailouts are a necessary evil and are intended -- unlike the lollipop Bush tax cuts -- not for personal profit but rather as a radical, emergency measure to help Americans keep their jobs, their homes and their retirement.
And while way too many otherwise sane Republicans are actively pandering to the tea-bag battalions, some old-fashioned conservatives are calling out the Teabaggers for their silliness. Writing in Fortune magazine, conservative policy analyst Bruce Bartlett, who has a long anti-tax history, says: "The irony of these protests is that federal revenues as a share of the gross domestic product will be lower this year than any year since 1950. ... The truth is that the U.S. is a relatively low-tax country no matter how you slice the data."
The Tea Party movement, more than anything else, is a rather garish display of a Republican right that seems to have lost not only the national elections but also any semblance of political bearings. Staying on this course, the GOP risks -- in the words of one pundit -- becoming "the Talk Radio Republican Party."