The Obama Administration loves tax cuts….in China
posted at 7:33 pm on April 6, 2012 by John Hawkins
If what’s good for the goose is good for the gander, then why doesn’t the Obama Administration think what’s good for the Chinese Dragon is also good for the American Eagle?
While making positive comments about the most recent five-year-plan developed by the Communist government of the People’s Republic of China, Undersecretary of State Robert Hormats specifically applauded China’s decision to lower taxes because it would spur economic growth.
….“China lowered taxes very recently, which will help increase demand, but it’s also good to boost consumption in China,” said Hormats. “So I think what’s interesting is that—sure, there are issues with China that I’ve mentioned–but I think a lot of the reform procedures that are going on in China are consistent with the kind of things that we think will be good for China and for the global system.”
Meanwhile, in a speech in Vermont on Friday, President Barack Obama argued that it was “basic math” that taxes needed to be increased on wealthy Americans so the government could provide more to the poor.
“But if you’re making more than $1 million a year, you can do a little more,” Obama said. “This is not class envy. This is not class warfare. This is basic math–that’s what this is.
“Look, if somebody like me gets a tax break that they don’t need and that the country can’t afford, then one of two things are going to happen–either it adds to our deficit, or we’re taking something away from somebody else,” said Obama.
“Look, there’s no way of getting around that,” said Obama. “Either folks like me are doing more, or somebody who can’t afford it is getting less. And that’s not right.”
Wait, so according to the Obama Administration, cutting taxes in China “will help increase demand, but it’s also good to boost consumption,” while cutting taxes in America “either…adds to our deficit, or we’re taking something away from somebody else.” It’s almost as if Hormats is pointing out the obvious economic benefits of a tax cut while Obama is completely ignoring those same benefits.
But, to what end? Why would the President do such a thing? Has he had any recent head trauma? Could he be a double just PRETENDING to be the President? Wait, you don’t suppose that Barack Obama could be stoking class warfare and touting policies that are bad for America because he thinks it will help him politically, do you? Wait, what am I saying? This is a man who campaigned on hope, unity, and a new tone in Washington. Certainly he wouldn’t stoop to demonizing American citizens and pushing bad economic policy for the sake of mere politics. Sigh…I guess the explanation will just have to remain as one of those great mysteries, like whatever happened to Jimmy Hoffa.