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Posts Tagged ‘Rick Santelli’

Tuesday morning on CNBC, the spazzy white guys in lower Manhattan were debating how the administration and Congress can best repair the economy, and mainly the jobless numbers. At one point, Rick Santelli, the hyperkinetic shoutcaster and instigator of the tea party movement, began to flail around, waving his arms above his head while yelling, “Stop spending! Stop spending! Stop spending!”

And contrary to accusations from one of the other spazzy white panelists, Santelli insisted he wasn’t calling for more tax cuts. Just a freeze in government spending. Somehow.

Fine. Show us another time in American history when a spending freeze — and a spending freeze alone — jump-started an economic recovery following a deep recession and high unemployment. Show us. Where in the world is Santelli getting this?

It doesn’t really matter from which hole Santelli’s latest television meltdown was extricated. Suffice to say, there is no historical precedent for any such thing. In fact, the often-referenced spending cuts of 1937 caused the opposite effect: a backslide in the economic recovery during the Great Depression. Oh, sorry. There we go again — referencing actual “history” instead of just screeching incongruous, contradictory and unsubstantiated nonsense, which seems to be the accepted style of discourse these days.

Santelli’s rant is just another performance in a broader strategy by the Republicans and tea party movement to deliberately sabotage the economic recovery. Not unlike Santelli’s “stop spending” idea, this is a strategy which also, to the best of my knowledge, has no historical precedent. For the first time ever — and this is worth repeating — one of the two major political parties in America is sabotaging a delicate economic recovery for the sake of humiliating the president and his party, and subsequently recapturing a political majority.

More than a year ago, Rush Limbaugh both predicted this and set the table for it to occur. They want the president to fail, and now it’s clear that they’re willing to take the economic recovery down in order to make it so. Is there any doubt who leads the Republican Party?

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Throughout history, there have been more than a few unfortunate and ill-conceived branding and marketing ideas to have been thrust into public view. I’m not just talking about minor infractions like the recent Cocaine energy drink or that children’s candy with the hard plastic “prizes” suitable for choking buried inside. I’m talking about serious failures. Probably the most famous example of an epic fail product was the diet pill known simply as “Ayds,” circa 1982. The slogan: “Why take diet pills when you can enjoy Ayds?” I’m not making that up.

In the past several years, this caliber of epic fail has also appeared at various political protests. There’s the infamous mullet-headed pro-war demonstrator holding a sign reading: “GET A BRAIN! MORANS.” And just a couple of weeks ago, there was this display of fail by a protester from the far-right blog Free Republic:

As the sign demonstrates, the funniest and most contradictory aspect of the recent far-right revolution is, hands down, the tea bag thing. But it’s not just about the double entendre aspect of “tea bagging.” A lot of it has to do with the idea that far-right conservatives are emulating the Boston Tea Party.

Let’s recap. It began with the on-air rant from the floor of the Chicago Mercantile Exchange by the Coward Rick Santelli — “coward” because he’s apparently too afraid to go on The Daily Show and, instead, Jim Cramer went on and took a beating for something that Santelli basically started. Nevertheless, according to one of the official tea bag websites, Santelli is credited as the patron saint of the movement.

And unless I’m mistaken, the basic idea of the tea bag revolution is to protest against government bailouts and in favor of tax cuts for the wealthiest five percent of Americans. Ultimately, the tea baggers (can I call them that?) appear to be against allowing the Bush’s tax cuts to expire. Strangely, they also appear to be against President Obama signing into law the largest middle class tax cut in history. They’re also against helping middle and working class “losers” keep their homes. (By the way, your neighbor’s mortgage is your problem. Just watch your property values plummet as soon as there’s just one foreclosure on your block.)

This series of Obama policies, they say, portends tyranny in America. Of course none of the policies of the Bush administration were considered tyrannical by many of the current tea bag leaders. You know the list of Bush trespasses. The illegal searches and seizures, the illegal electronic eavesdropping and torturing. The suspension of habeas corpus, the record deficits, the doubling of the national debt and so on. None of that was tyrannical. But allowing the tax cuts for the wealthiest five percent to expire is absolutely the vanguard of totalitarianism.

So the organizers of the movement have picked up on Santelli’s tea party reference and are rebelling against higher taxes for the rich and corporations by purchasing thousands of tea bags and dumping them into various waterways.

To sum up: higher ’90s-era tax rates for the wealthy and corporations? Tyrannical. Tax cuts for the middle class? Also tyrannical. Therefore, emulate the Boston Tea Party as a means of underscoring these positions.

Here’s the problem.

The Boston Tea Party was ultimately precipitated by a massive corporate tax cut.

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After nearly three decades of Reaganomics in which the wealthiest two percent of Americans have grown exponentially wealthier while middle class wages have remained stagnant, a growing faction of super rich Americans is seriously pissed off — and their Wingnut Revolution is upon us.

Sure, the interests and influence of the wealthiest two percent make them more responsible than most for the free market policies that created this current economic crisis. But if there’s one thing we’ve learned about those responsible for this recession, it’s that the concept of accountability is about as foreign as their live-in au pairs. Instead, they’re blaming this on Barney Frank and a legion of “losers” (read that: working class minorities) even though Ben Bernanke himself has debunked this myth.

But accountability (a “reckoning” as President Obama called it) is underway in the form of the president’s housing proposal, his healthcare plan and, naturally, the recovery act. At the end of the day, ninety-five percent of Americans will benefit from what amounts to the largest tax cut in American history, along with increased access to affordable healthcare and millions of new jobs.

Though, alas, the super rich will have to pay slightly more in taxes.

Yeah, that’s a shame.

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