Archive for the ‘Rudy Giuliani’ Category

Rudy: Buying Votes With Trillions In Tax Cuts?

Friday, January 11th, 2008

Rudy Giuliani, in an apparent effort to assert his relevance in the Republican presidential primary, has introduced a new ad in Florida (see below) in which he touts his tax cutting prowess and promises to propose trillions of dollars in reductions on his first day in the White House.

Rudy has argued that tax cuts will actually increase the revenues the government collects. In saying as much, the former Mayor of New York ignores the actual dynamics behind his misleading oversimplification. Clearly, if one looks at tax rates in the context of one year…say 2008…a reduction in tax rates will not magically, within that year, raise the revenues paid to the government.

The only way tax cuts can increase revenues is if the money that isn’t paid to the government is reinvested such that it stimulates economic growth and jobs. If that happens, then the assumption is that corporations will have more income and more individuals will have jobs which will facilitate more tax revenues being paid in the future. Hence, there is a lag during which the government will likely experience reduced revenues…and there’s no guarantee the tax cuts will produce the added revenues promised.

Lost in the Giuliani strategy is any analysis of where the money from these tax cuts is actually being spent. In the new global economy, wherein American corporations are quickly becoming multi-national giants, the trend is to move jobs to cheaper labor markets in foreign nations. Hence, granting tax reductions to these corporations (I believe Giuliani want’s to reduce the corporate rate from 35 to 25 percent) may actually facilitate their efforts to shift manufacturing and service industry jobs out of the country.

If tax cuts are used in this manner…the concept of supply side economics…or what many used to call a trickle down strategy…there are reasons to doubt their potential to increase future revenues or jobs as expected in the past. Yes, the bottom line of some corporations may increase and possibly result in higher tax burdens. However, that ignores the many tax loopholes available to corporations. Even worse, given the shifting of investment capital and jobs to other nations, the stateside job creation necessary to generate higher revenues for the government isn’t apt to materialize.

In the end, that means the tax cuts aren’t likely to produce the added government revenues Giuliani is promising in his campaign rhetoric. The fact that corporations are prone to funding campaigns whose policies will benefit them serves as an incentive for politicians to make such promises…and then deliver them once elected.

A brief look at the Bush tax cuts and the economy during his tenure support my contention. By and large, the economic growth of the past five years has been the result of artificially low interest rates which allowed homeowners to spend their equity in order to bolster the economy. Below I’ve included a second video clip containing Ron Paul’s observations on the economy and interest rates. I don’t agree with the congressman on a number of issues, but he’s on the mark with regards to this issue.

Further, public sentiment (consumer confidence and polling) has never fully reflected the Bush administration’s assertions that the economy is robust. This results from the fact that the average citizen doesn’t believe that higher incomes and meaningful job growth were part of this recent period of economic expansion. Simple math tells us that energy costs alone have offset the meager tax cuts afforded to the average citizen.

Not only were the Bush tax cuts inconsequential to most Americans, they did little to create a growth economy. Did they soften the last recession? Probably…but they didn’t translate into the intended long term stimulus and there isn’t any reason to believe Giuliani’s will either. It’s time to dismantle this oft heard GOP canard.

Like decorations on a Christmas tree, the allure of tax cuts is compelling. Unfortunately, a misguided focus on pretty trimmings may lead one to ignore the fact that the tree is brittle and vulnerable to calamity. While Rudy Giuliani would have us believe that his huge tax cuts will ignite our economy, he may actually be pouring fuel on an unhealthy economy that lacks the root structure to insure steady and sustainable growth. Rudy’s plan may well be the match that starts a fire we’re not prepared to extinguish.

Rudy Giuliani Ad - “First Day”

Ron Paul On The Economy: Fox News South Carolina Debate

Cross-posted at Thought Theater

Presidential Politics: Iowa In Pictures

Thursday, January 3rd, 2008

Given my own level of ambivalence at this particular juncture in the Presidential campaign (aside from supporting the eventual Democratic nominee), I decided to offer my own commentary on the Iowa primary in pictures.

Feel free to offer your own observations.

The Prince Of Prayer Nails One

Mike Huckabee Nails One

The Diva Comes Out On Top

Barack Obama Diva Power

Hair Today - Gone Tomorrow

John Edwards & Mitt Romney: Hair Today, Gone Tomorrow

Not The Last Leg For Hillary

Not Enough Support For Hillary

Iowa Dishes Rudy, Rudy…Far Too Fruity

Rudy Giuliani: Far Too Fruity

Cross-posted at Thought Theater

You guess what Rudy was on during this interview..

Monday, December 10th, 2007

A heartfelt thank you to Shakesspeares Sister for this video. Its short and frankly..I am left wondering wtf this man was on when he sat down with Timmy Russert Sunday morning, he looks and sounds like a complete ass ( which he is btw);

Top 10 Ways To Identify An Evangelical Republican

Saturday, December 8th, 2007

In the aftermath of a week of bully pulpit ballyhoo from the GOP presidential candidates, I decided to address my disdain in the only manner which would allow me to stomach the subject…sarcasm.

Having watched Mitt Romney tell us the meaning of faith in America and listened to Mike Huckabee toss tactical banana peels at the Bostonian’s (former Massachusetts liberal) forever flip-flopping feet, I found myself wondering which candidate would soon be sporting a wooden cross on his shoulder for the duration of the campaign.

Fortunately, there may well be a silver lining hidden in these holier than thou high jinks. By the time the GOP is done vetting it’s candidates, the average fair minded American may find them to be far too extreme and far too beholding to their religious right-ocrites. We’ve all heard the expression “if you live by the sword, you die by the sword”…well…2008 may provide a worthy successor, “if you live by the lord, you die by the lord”…especially when you spend all of your time fighting about which lord to worship.

Moving on, the following is my offering to assist voters in determining how to qualify for entry into the GOP’s evangelical enclave. Feel free to offer additional requirements and restrictions. I would hate to be accused of an act of omission…I’ve heard the punishment is ghastly…if you’re not George Bush or an acceptable affiliate.

The Top Ten Ways To Identify An Evangelical Republican:

Number Ten:

They’re opposed to sectarian conflict in Iraq but in favor of sectarian politics in the United States.

Number Nine:

They’re opposed to homosexuality and same-sex relationships but they’ll vote for a presidential candidate who does drag and lived with two gay men if he can beat Hillary Clinton and her “typically” unfaithful heterosexual husband.

Number Eight:

They wouldn’t dare vote for a Clinton given Bill’s disgraceful sexual antics in the White House but they’re happy to support a candidate who used New York City funds to carry on an adulterous affair.

Number Seven:

They criticize Democratic candidates for suggesting they would only nominate pro-choice judges to uphold the law of the land while they require their own candidates to pass religious litmus tests in conflict with the law of the land.

Number Six:

They’re in favor of abstinence only sex education even if it leads to more unwed teen pregnancies and more parent sponsored abortions (call it the evangelical version of NIMBY - not in my back yard; NIMBU - not in my babygirls uterus).

Number Five:

They’re in favor of the separation of church and state if it involves opposing a congressional inquiry into the fundraising and spending habits of leading televangelists but opposed to the separation when it comes to selecting a presidential nominee.

Number Four:

They support candidates who endorse more funding for AIDS in Africa while embracing a candidate who favored quarantining AIDS patients in America as well as having Hollywood fund AIDS research instead of the government.

Number Three:

They tout Ronald Reagan as their political icon despite the fact that he was unable to acknowledge the toll of HIV on gays in America or even utter the word AIDS…while they and their church’s now run around talking about saving Africa from the ravages of HIV…as long as it doesn’t involve condoms.

Number Two:

They talk about their Christian values while they favor denying health care treatment to the children of illegal immigrants. Family values apparently stop at the waters edge (that would be the Rio Grande river).

Number One:

They’ll never make enough money to truly benefit from George Bush’s tax cuts for the rich or condemn his doubling of the national debt but they’re happy to call the Democratic candidates who supported an increase in minimum wage and favor a national health care system unacceptable tax and spend liberals.

Bonus Qualifier:

They abhor the fact that Jesus was tortured, mocked, and condemned to death without due process but they’re damn sure in favor of waterboarding and disregarding the principle of habeas corpus while indefinitely imprisoning war on terror detainees.

The following video clips provide Mike Huckabee’s assertion that his surge is God’s work (therefore proving Mitt Romney is a “Christian” imposter) and some candid discussion of Romney’s faith speech (a speech that pales in comparison to the JFK speech).

Huckabee: Higher Power Responsible For His Surge

CNN Discussion On Romney’s “Faith” Speech & The GOP Religious Test

Olbermann & Robinson On The Flawed Romney “Faith” Speech

Cross-posted at Thought Theater

Rudy Fiddled And Diddled On Gotham City’s Dime?

Wednesday, November 28th, 2007

New York’s semi-smarmy super hero, the drag queen wannabe who no doubt wishes he could campaign wearing Annie Oakley-esque outfits complete with a pair of precious plaid holsters sporting a set of sassy squirt guns, apparently left some rather large loose ends in his winsome wake…and I’m not talking about the backsides of his bevy of former Frauleins. It appears that Rudy made a number of trips to the Hamptons to shack up with Judy “Make Room For My Vuitton” Nathan on Gotham City’s dime.

As New York mayor, Rudy Giuliani billed obscure city agencies for tens of thousands of dollars in security expenses amassed during the time when he was beginning an extramarital relationship with future wife Judith Nathan in the Hamptons, according to previously undisclosed government records.

The documents, obtained by Politico under New York’s Freedom of Information Law, show that the mayoral costs had nothing to do with the functions of the little-known city offices that defrayed his tabs, including agencies responsible for regulating loft apartments, aiding the disabled and providing lawyers for indigent defendants.

At the time, the mayor’s office refused to explain the accounting to city auditors, citing “security.”

The Hamptons visits resulted in hotel, gas and other costs for Giuliani’s New York Police Department security detail.

Now one can speculate what America’s mayor meant by “security” when deflecting questions about these rather suspect expenditures…perhaps his psyche was subconsciously pondering the problems he might encounter if the woman holed up in Gracie Mansion had the goods on her cousin kissin’ diddly dallying husband?

I could include additional excerpts but I’m having way more fun sharing my silly and snide snark. When I read about Rudy’s amorphous accounting, I couldn’t help but harken to the head-scratching that followed his loquacious telephone interludes with wifey number three while standing at the podium to deliver a speech. Perhaps the current Mrs. Giuliani wants to keep account of her hubby…after all, she knows all too well about her hubby’s clandestine capabilities.

Truth be told, I doubt Rudy could afford the crown wife number four might require should he elect to discard his current tiara topped trysterina. Besides, can the leader of the free world be found out to be kitty kaptured? I think not. Anyway, I suspect he will have to keep his untrustworthy tallywhacker in toe for the time being.

In the meantime, it looks like Rudy Rudolpho, the ever morphing mayor, has got some splainin’ to do…and I’m not sure he’s all that capable of selling his version of “vitameatavegamin”.

Cross-posted at Thought Theater