Pushing Pelosi's Tax Cut Repeal

by: David Sirota

Fri Jan 23, 2009 at 01:31

I appeared on Fox Business with Neil Cavuto tonight to discuss House Speaker Nancy Pelosi's push to immediately repeal the Bush tax cuts for the wealthiest one percent of income earners. You can watch the segment here.

As you can see, I echoed Pelosi's point about the $226 billion in tax cuts showing no signs of creating the kind of jobs growth that spending would. Cavuto counters by falling back on the canard about the New Deal supposedly failing to boost the economy - a canard that ignores the verifiable fact that the pre-World War II New Deal era saw the sharpest drop in the unemployment rate in American history.

You can watch the full debate for all the back and forth, but let me just conclude by saying that while I don't agree with Cavuto on a lot of things, I do appreciate him devoting a significant chunk of airtime to debate economic issues like this. He's conservative, no doubt - but he's not a Republican automaton in that he seems genuinely interested in having a real debate. I appreciate that, because I think progressives can find some common ground with principled conservatives (as opposed to partisan hacks), and because I think principled arguments are far more informative to the public than strictly partisan spats.

Additionally, I appreciate anyone willing to give a progressive a forum to push a repeal of Bush tax cuts for the wealthy. $226 billion is a helluva lot of money that we can reclaim for more important priorities than another giveaway to the rich.  

David Sirota :: Pushing Pelosi's Tax Cut Repeal

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Lookin' good, man! (4.00 / 2)
Keep it up!  

REID: Voting against us was never part of our arrangement!
SPECTER: I am altering the deal! Pray I don't alter it any further!
REID: This deal keeps getting worse all the time!

he buried the lede (4.00 / 2)
Sirota shaves!

[ Parent ]
Hmmm.... (4.00 / 5)
"but he's not a Republican automaton in that he seems genuinely interested in having a real debate."

Not sure about that. Seems he was more interested in repeating his talking points over and over and when you refuted his (erroneous) claims, he would quickly switch the subject to something else. Classic Fox pundit school.

Good job though. Keep it up and maybe all of Fox & Friends will realize that, yes, we are back at the point where we believe government can help solve problems in society.  

It's a crime (4.00 / 3)
David doesn't have his own cable news show

There's a slot open at MSNBC... (4.00 / 1)
David, are you listening?  Send them some video and a resume.

I'm dead serious!

You may be surprised.  I got a radio gig out of college that way... I heard from a friend there was an opening to be an sports commentator at a station out of state.  Of course, I was totally unqualified, but I sent in a resume and a tape ...  and, they were so impressed with my chutspah, they offered me another job right on the phone!

You're photogenic and have a great voice and presence... you also are a known name on TV.  Think about it, but don't think too long... that 10pm slot won't be open for long!

REID: Voting against us was never part of our arrangement!
SPECTER: I am altering the deal! Pray I don't alter it any further!
REID: This deal keeps getting worse all the time!

[ Parent ]
I'd Love It If They Give It To Sirota. (0.00 / 0)
I agree, he would be awesome with his own show. Besides, having his own TV show Sirota will be able to spread his message to a wider audience, not to mention his voice would become a lot more prominent when criticizing Obama if Obama's Administration moves too much to the Left, especially on economic issues.

[ Parent ]
Correction! (0.00 / 0)
I mean to say "if Obama's Administration moves too much to the RIGHT"! Damn, how did I mess that one up?

[ Parent ]
Yes David could be a top contender and great choice for MSNBC spot.. (0.00 / 0)
    Worth going for David, you'd be able to educate as well as report and add commentary...

     "Ours is not a system based upon trust but one of suspicion.."  Thomas Jefferson

[ Parent ]
Cavuto is one of the very worst. (4.00 / 3)
He doesn't deserve any respect at all, but I admire your restraint.

$228 billion? (0.00 / 0)
I've seen your clips where you support the bailout/TARP etc. so how can you quibble about $228 billion? The entire government is set up to sustain a Theiving Class!

Look at the last year! THEY caused the crisis (Geithner, Ken Lewis et. al.) and THEY are still there making billions of personal wealth!

Reminds me of the fall of the Soviet Union.

I think you are thinking of the wrong guy... (0.00 / 0)
...Sirota's has been adamantly against all bailouts from the start...

REID: Voting against us was never part of our arrangement!
SPECTER: I am altering the deal! Pray I don't alter it any further!
REID: This deal keeps getting worse all the time!

[ Parent ]
Agreed on finding common ground with principled conservatives (4.00 / 2)
Especially economic conservatives.  Social conservatives are going with their heart, so it's pretty tough to have an actual discussion.  A lot of economic conservatives are going with their head and their core belief in neo-liberal economic theory.  You can have a legitimate discussion with someone like that.  I don't know whether or not Cavuto is one of them, but I'm always happy to hear people in the blogosphere trying to have legitimate discussions with rational conservatives.

Keep fighting. (4.00 / 2)
Pelosi is right on this.  When the Rs say the stimulus is too big, we need to remind them that ending Bush's tax cuts will push the deficit down.

The Bush Tax Cuts were Immoral... (4.00 / 1)
    Had Bush cut the taxes to the Middle class rather than the top 1% and mostly the top .07% we might have had an economic boom for most of these last 8 terrible years...

   For once Nancy Pelosi is advocating something and showing some back bone, that I support it's a good feeling...for a change..

   Now the real expert or who's opinion on this, all respect to you David is Peter Orszag...what does he see as the advantage or disadvantage to repealing the Bush Tax Cuts and transferring them to the middle class and working class those who make under $150,000 as a couple or what is it $100,000 as a single person..

  Will these stimulate the economy greater and or increase the revenue to the Treasury, two factors that are the primary consideration..?


     "Ours is not a system based upon trust but one of suspicion.."  Thomas Jefferson

Looking weak (0.00 / 0)
Whenever I see a link for the video of a progressive's appearance on television I click over eagerly, hoping to see a strong progressive, an informed progressive, a progressive who won't be bullied or shouted down.

And nine times out of time I am disappointed.
For all your knowledge, for all your experience, for all your wit and wisdom (in writing) you are just another wimpy liberal on TV, another Alan Colmes getting pushed around.

Too many pauses, too much uncertainty, too much hesitation.
Twenty years of irregular viewing of these shows has proven to me they are verbal boxing matches.
And we liberals/progressives are third-rate, undertrained, fighters.
I am not saying we should fight their oversimplifications with our own.  I am saying we should fight their oversimplifications with our knowledge and with facts.

He asked you directly, "When have we ever come out of a recession spending?", and you hesitated.  You sounded unsure, you were unsteady on your feet.

You're wrong, he doesn't want to have a real debate.  He wants to put out his talking points.  Just because his talking points are dressed up like thoughtful analyses doesn't mean they really are thoughtful analyses.
They're propaganda talking points.  Trickle down economic "theory" is thoroughly discredited.  The last twenty-eight years prove it.  The facts are with you.  
But you fail to use the weapons you have.

The correct response to his weak jab was a power punch or a roundhouse.  I know you know the answer to his question.  You could have sent him back on his heels.
But you didn't.  Another weak television liberal.  Must be the effects of a good education.

When. Will. We. Learn?

Addendum (4.00 / 1)
"Why is putting the money in the hands of people in the form of food stamps, or using it for infrastructure, better than giving tax cuts to the rich?"

"Because the only way to grow an economy is from the ground up.  Consumers with no money cannot consume, and so cannot create demand.  If there is no demand, business will contract their operations.  If businesses contract operations, their income will fall, and lenders will become reluctant to lend. Or business will lay off workers, thus reducing workers' income, in turn reducing demand.

But if consumers have enough money to increase aggregate demand, then producers will realize they must hire more people, or buy more machines, or borrow money, to keep up with demand.  If they hire people, these people have incomes and become consumers.  If they buy machines, the producers who make machines expand their businesses, with the same effects.  If demand for capital increases, and lenders see that demand is increasing, they will feel safer about lending.
If you use the money for infrastructure, you will increase employment because the companies with government contracts will need to hire workers.  If you increase employment, you will increase aggregate demand and the economy will grow.

But if you give tax cuts to rich people who don't need it to actually live, who don't need it to make car payments, buy groceries, buy home computers, and furniture, and food, and diapers, etc., they will just try to find ways to make money with money.  Which is what we have had for the last eight years and look where that got us."

I only took two semesters of economics in college and even I understand this.
Why don't television progressives/liberals understand this message?


[ Parent ]
could have been better david (4.00 / 1)
i agree with some of these commentators, cavuto seemed to win the debate, he had an answer to your clinton fact about how raising taxes has helped the economy,
when asked about how creating temporary jobs via spending projects would have long term growth effects, while also saying we shouldnt look at fdr because it took too long,
-i have seen you on cavuto before and he seems to constantly cut you off when you get to the ten word frontier, stick it too him david, we are rooting for you, watch that click of obama's press secretary gibbs stick it to hannity calling hannity an anti semite, hannity tries and tries to cut gibbs off, but gibbs continues, steady and on point, and hannity has not choice but to back down or look a fool,
keep up the fight,  

whatever you think people owe you, that is what you owe people


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