Party like it’s 1995!
Obama will spend Tax Day promoting his middle-class tax cut, while Dick Armey and Newt Gingrich lead their Tea Party movement off a cliff.
Topics: Glenn Beck, Barack Obama, Politics News
Protests are as American as apple pie, and that includes the Glenn Beck, Fox News and CNBC backed “Tax Day Tea Parties” on Wednesday. The work of a small if increasingly angry echo chamber of Obama obstructionists, they’ll come and go without hurting the president’s political approval ratings. We’re covering them — and we’re asking you to help us cover them — but it’s entirely possible to make too much of them.
Just in time for this day of massive protest, Gallup released a poll showing that 61 percent of Americans believe the income taxes they paid this year are “fair,” and more Americans now say the amount they pay is “just right” than “too high” — one of the most pro-tax outcomes since Gallup began polling on this question in 1956. Great timing, Tea Partiers! Way to have your fingers on the nation’s pulse.
Still, it’s interesting to examine what Obama’s opponents think are winning messages at a time when they’re utterly shut out of power. Remember that when CNBC’s Rick Santelli kicked off the tea-party movement, he was railing against a small component of Obama’s credit-crisis plan intended to help homeowners avoid foreclosure. The entire TARP program will easily cost a trillion dollars; Timothy Geithner’s PPPIP (“Public Private Partnership Investment Program,” or “Cash for Trash” in Paul Krugman’s words) will cost an estimated half-trillion more. But Santelli got upset about “losers” who bought homes they couldn’t afford, and who’d get helped out by taxpayers — who will get only a fraction of the money Obama’s spending on the crisis.
Imagine that: Not a word from Santelli about bailouts for bankers and other plutocrats with criminally poor judgment. Likewise, yesterday I was on MSNBC’s “The Ed Show” with radio talker Neal Boortz (who’s joining Sean Hannity at the tea party protest in Hot-lanta!) and host Ed Schultz was railing (appropriately) against the way banks and credit card companies are taking TARP money with one hand, and then raising interest rates and consumer fees on the other. TARP oversight director (and my personal hero these days) Elizabeth Warren is livid about it, telling the Wall Street Journal: “The people who are subsidizing the activities of the banks through their tax dollars are the same people who are furnishing the high profits through consumer lending. In a sense, we’re asking taxpayers to pay twice.”
Joan Walsh is Salon's editor at large and the author of "What's the Matter With White People: Finding Our Way in the Next America." More Joan Walsh.





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