Tuesday, June 29, 2004
Why the neo-cons got me P.Oed enough to leave the GOP.
- 9.6 BILLION for a tobacco "buyout?" Yet another freakin' subsidy pushed by W. Either you make a living growing crops or you don't. The government has no business propping up this stuff. It encourages an expenditure of resources (human, monetary, material) in a field where the return is negative. And costs the rest of us in either higher taxes or a higher national debt.
- $169 million in tax credits for Puerto Rican rum: .... ..... I can't even comment on this. It's so mind-boggling I can't even wrap my head around it. Do you mean to say that we are essentially propping up the rum industry in PR to the tune of 169 million dollars?? It's freaking RUM! If you can't sell booze profitably, you're doing it wrong.
- The tax rate cut for manufacturing: This will blatantly distort the business economy, forcing businesses to restructure to qualify for the cut. This is a sop tossed at key states like PA and OH that Bush needs in November but have lost manufacturing jobs. Much like the steel tariff, it's economics gone awry, mucking up the order of things. Better to simply lower the corporate tax rate across the board. Of course, since they all are HQed overseas, it's not like we'd be losing much money anyways...
I look at these items, and it's like the GOP is channeling 70s style Democrat economic theory. What the Hell are they thinking??
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