WASHINGTON -- President Obama, who came into office pledging to end the toxic political infighting in Washington, is going back on the attack in a last-ditch effort to save his party from a potentially disastrous defeat in the midterm elections.
In speech after speech, as he goes about the country defending his failed economic policies, he repeats the Democrats' big lie: that Republicans are the party of "no," opposing his agenda for change without offering any constructive alternatives of their own.
Vice President Joe Biden has been peddling the same line, as he did Sunday in an interview with ABC News, saying that the GOP would take the country back to the policies of the past that led to the mess that Obama inherited, and suggesting that the Bush tax cuts caused the recession.
Nothing of course could be further from the truth, but Obama and his team seem to be getting away with these charges without the slightest challenge from the Washington news media.
Republicans have, in fact, offered numerous proposals to get the economy back on track, producing jobs and growth. They do not call for massive new government spending because they do not believe that works -- and the evidence so far says that it hasn't.
If nearly $4 trillion in annual federal spending has not fueled robust economic growth, Obama's $800 billion in new spending isn't going to do it either, and last month's below-par 85,000 new private-sector jobs tragically demonstrates that.
Instead, Republicans in Congress have been offering a number of proposals to enact tax incentives for businesses and workers to boost incomes, spur new capital investment and create many more jobs.
Last year, for example, in the midst of the legislative battle over the Obama spending stimulus bill debate, the 115-member House Republican Study Committee called for an additional across-the-board 5 percent tax cut, and lowering of the top corporate tax rate from 35 to 25 percent.
More recently, Republican Reps. Jim Jordan of Ohio and Jason Chaffetz of Utah, on behalf of the Republican Study Committee, introduced H.R. 5029, the Economic Freedom Act, which would cut the deficit and end the bank bailout program and Obama's remaining stimulus spending binge. Among this bill's other provisions:
-- Cut the payroll tax in half for the remainder of 2010, thus putting immediate cash into worker paychecks and sharply lowering each employer's hiring costs.
-- Reduce the individual and corporate capital gains tax to spur new business capital investment in the economy.
-- Lower the corporate tax rate to 12.5 percent; eliminate the death tax and provide business expense tax breaks for new equipment and technology to accelerate business reinvestment.
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