So Much For Bipartisanship Mr. President!

THAT (the president's press conference this morning) was NOT leadership! He said that both sides need to drop the partisan/political rancor and work together Then HE went on a partisan rampage against Republicans ... again(!) ... ON NATIONAL TV!!! The hypocrisy of this man is amazing. Bush tax cuts, Bush wars, blah, blah, blah, same-o, same-o, same-o. He wouldn't last 10 minutes leading a large for-profit company this way.

He regurgitated one of his favorite lines AGAIN! Bush implemented his tax cuts "without paying for them". It's only about the thousandth time he's demonstrated this astounding lack of understanding of basic economics.

Bush's tax cuts DID pay for themselves folks ... by boosting employment. Yes each individual's tax payment was reduced but when the action puts more people at work the net, I SAY NET, result is INCREASED revenue which more than compensates for the loss of per-person tax payments. I'll say it again. Just over ONE MONTH AFTER BUSH's biggest tax cut for the rich in 2003 the unemployment rate started back down to 4.4% and a couple months later federal revenue started back up and reached a RECORD $2.5 Trillion. Both of those happened DIRECTLY AFTER Bush's tax cuts. How can one logically argue that his tax cuts hurt both employment and federal revenue when, as a matter of RECORD(!), BOTH went up immediately after ... and went up strongly!!!

Yes, each individual's tax payment decreased under Bush's tax cuts. But those tax cuts put many more people to work. The math is so simple even a Harvard grad should be able to understand it: more people paying taxes = HIGHER(!) federal revenue. How on earth can one argue that the tax cuts didn't pay for themselves or that they hurt federal revenue when federal revenue proceeded to set a record shortly after??? Good Grief!!! Here's an analogy that perhaps President Obama could understand.

When companies have serious competetion eating into sales they often try reducing the prices of their products in hopes that it'll attract more buyers. If they attract a great enough number of additional customers, that will MORE than compensate for the price reductions and they will make MORE profit via the INCREASED NUMBER OF CUSTOMERS ... even though product prices were reduced. Obama's equivalent argument to such a business if he were the CEO would be: "no, we must not reduce prices because it'll reduce revenue." [That's the SAME as telling us "no, we must not reduce the tax each person pays because that'll reduce revenue."] THAT'S ONLY TRUE IF THE PRICE REDUCTION DOES NOT LEAD TO MORE CUSTOMERS BUYING THEIR PRODUCTS. The corollary argument for taxes would be REDUCED REVENUE IS ONLY TRUE IF THE TAX REDUCTION DOES NOT LEAD TO MORE CITIZENS PAYING TAXES.

So, there's the president on national TV today 'leading' cooperative efforts by spending most of his time criticizing the side he disagrees with. IN PUBLIC NO LESS!!! THAT is NOT effective leadership. THAT is PARTISAN RANCOR that he himself criticized just minutes earlier.