CNN's Rick Sanchez: 'Tax Cuts Are Spending, Right?'

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On Friday's CNN Newsroom, anchor Rick Sanchez dazzled viewers with his profound grasp of economics.  His guest was CNN chief business correspondent Ali Velshi, whose most recent achievement was being called "incompetent" by Rush Limbaugh:

SANCHEZ: You know, it's funny, but, as I hear him (President Barack Obama).talk, I'm just thinking, tax cuts are spending, right? I mean, they really are, because you have got to get it from somewhere.

VELSHI: Right. If you think about it, is -- your own budget, right? If you have less money coming in, you have to have less money going out.

The issue is that -- the argument is that, tax cuts, while it brings less money into the government, which means it lowers the amount of money the government has, which makes it the equivalent of spending, it stimulates the economy, because it lets -- people will use that money in another way.

The way tax cuts could be considered spending, a contention with which Velshi agreed, is if one believes that all income belongs not to the individual earning it, but rather to the government.  It's then government's option to determine how much people are permitted to keep and if they're using it "appropriately."

Sanchez's reasoning reminds me of President Bill Clinton, who said of the budget surplus: "We could give it back to you and hope you spend it right." But "if you don't spend it right," bad things would happen to Social Security and other programs.

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Sanchez's implicit suggestion is that government has first claim on the earnings and investments of its citizens.  That conflicts with our laws and our history.

It doesn't, of course, conflict with the liberal prattle routinely enaged in by Sanchez.  He's the guy who read his viewers' minds and knew they couldn't understand Sarah Palin.   He's the man who called out Joe the Plumber.   Almost every day he has Patricia Murphy as a guest to explain current events.  Introducing her as the editor of CitizenJanePolitics.com, he doesn't mention that her work history includes employment with three U.S. senators, all of them Democrats.   This would explain where she's coming from politically, but perhaps Sanchez doesn't think her background is relevant.   

Rick Sanchez was in the vanguard of blending CNN with social network sites like Twitter, Facebook and MySpace.  Urging his viewers to voice their opinions, he reads some reactions while others stream across the bottom of the screen.  There are invariably a highly disproportionate number of liberal opinions aired.

With only 53 percent of voters opting for Obama in the election, it's not reasonable to presume that Sanchez hears from almost no conservatives.  I have sent him numerous Twitter messages and, in fairness, note that he's aired perhaps half a dozen of them.  Certainly he's receiving communications from many other conservatives, yet broadcasts almost none of them.

Rick Sanchez is using new social networking technology to advance an old reality: mainstream media's liberal bias.


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DUCT TAPE ALERT!!!

All I can say is

AAAAAARRRRRRGGGGGGG!!!!!!

Hey Rick!  They have to have money to "spend it" or "give it back."   So if there is a tax cut and they don't collect that money, how does either of those things happen?????

There is no reasoning with these people

It just boggles the mind!

Sanchez is shameless.

 

 

 

I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson

All I can say is

All I can say is

AAAAAARRRRRRGGGGGGG!!!!!!

Same here, MB, but louder and longer.

I'm not Milton Friedman, but I feel like him next to these clowns.

“There are no easy answers' but there are simple answers. We must have the courage to do what we know is morally right.” - Ronald Reagan (1964 Republican Convention)

Rick is dumber than a box of rocks

Always has been. He once urged South Floridians to trim our trees as a hurricane was headed in. Que'lle idiot! He worked for the tabloid WSVN in Miami...I'm not sure if CNN is a step up or not, but I'm glad he's no longer gracing our airwaves locally.

 

 

He may be dumb, Blonde

but he sure smiles at the camera purty.  Which is a journalistic basic for newsreaders these days.

Yeah, Mike

You had Blago, we had Sanchez.

Good riddance to bad rubbish...both of them!

 

Blago and Sanchez, Blonde

You had Blago, we had Sanchez.

As recently as 2005, The One said he was proud to stand behind Blago.  Now he probably proudly stands behind the imbecilic ravings of the Rickster.

Now, now, Mike

He's probably just jealous of all that hair.

 

Ali Velshi is

Ali Velshi is incompetent.  Lowering tax rates puts more money in the hands of individuals and businesses.  When individuals have more of their own money to spend, that stimulates natural demand for goods and services...which means that businesses have a need to create more jobs to meet consumer demand (and, with the tax rate cuts, the ability to do so).  When jobs are created, there are more taxpayers...more taxpayers mean more tax revenues...meaning that if you cut tax rates, the government actually realizes more tax revenue.  The only problem is wasteful government spending.  As for that fat, intellectually vacant windbag Rich "Drunken Pedestrian Killer" Sanchez, he is just the living personification of Ted Baxter. 

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." -Winston Churchill

Mohammed Ali Velshi

He's a socialist. How else can you explain it?

Somone should ask one of these morons where does the money the government spends comes from?

Senor Sanchez learned economics from Hugo Chavez.

"I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them."
George Mason

Bolton/KEYES 2012 

Liberal-think

All money belongs to the gub'ment. The money they allow us to keep is still theirs. Think not? Try making a transaction > $10,000. They're all over you like stink on liberals. So yes, I can see their perverted reasoning...

How about Velshi?

Velshi isn't any better, and he's the "expert." 

This is logic equivalent to Obama's: "So then you get the argument, 'well, this is not a stimulus bill, this is a spending bill.' What do you think a stimulus is? That's the whole point," Obama said to laughter. "

No. A "stimulus" is spending that spurs others to spend and lend. Not all spending is stimulus. This package is filled with spending that has no effect, other than the project it's spent on. It doesn't lead to anything else.

The scary part is that Obama, and the idiots who laughed with him, think he made a devastating point.

Tax money that isn't coming in ... is spending. So if I lose my job and lose my income ... I "spent" it?

Velshi the expert

On a CNN team that includes Playboy CEO Christie Hefner as an "economic analyst,” being deemed the "expert" might not be all that nifty.

KC,  I brought up that

KC,  I brought up that identical point yesterday re Obama's smart-aleck remark.  Apparently he doesn't know the difference and neither did his audience. 

 Scary, isn't it?

"Make work" jobs from the government are not still "jobs" as George Stephanopoulos said to Michael Steele.  It's no more a stimulus to economic activity than a parent who pays a child to do chores around the house.

And if you think that's scary, the big headline on Drudge leads to this story which is positively terrifying!!

Someone (anyone? anyone? Bueller?) needs to make a HUGE stink about this!  I don't think anyone in this country knows just how massive this is!  I know I never imagined it being this bad!

 

 

 

I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson

You may be my source

I don't recall it specifically, but I probably read that line and it stuck. But I have no need to apologize, I steal lines from everyone! LOL!

Allow me to promote Robert Samuelson's article today in the WaPo. I'm no economist, so no one should trust me. But what Samuelson is arguing sure seems to make sense to me.

As proposed by President Bush, the $700 billion Troubled Asset Relief Program (TARP) aimed to rehabilitate the private credit system. The Treasury would buy some of banks' bad loans. Thus strengthened, banks could increase lending and offset dwindling securitization. But the Bush gambit failed. The Treasury changed course. It injected capital directly into banks after deciding that it was too difficult to put a price on the banks' bad loans. Unfortunately, banks remain reluctant to lend because they still have lots of bad loans on their books.

And later ...

If the financial sector isn't revived, the economy will stay depressed.

Shouldn't our agenda be, then, to address those bad loans? And if they're the heart of the problem, don't do anything else until they're addressed? That makes sense to me. But I don't see that happening in any of these plans.

 

No apologies, KC

I don't recall it specifically, but I probably read that line and it stuck. But I have no need to apologize, I steal lines from everyone! LOL!

Swiping stuff is the reason God invented the Internet.  I think.

Re: No Apologies

Don't you mean that swiping stuff is the reason God created Al Gore to invent the internet? I would normally let this slide, but Al hates it when God takes credit for his work. 

We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion that the fat man got that way by taking advantage of the thin one.

-Ronald Reagan

KC  that was a GMTA, not

KC  that was a GMTA, not an accusation of theft!!

Now, the tagline IS mine....well, I legitimately stole it from Bart Simpson, so I'm keeping that! 

I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson

Theft

There's so much theft going on here, a Congress could break out.

I guess...

If spending is stimulus, then I guess all the money sent to Bernie Madoff by his victims was also stimulus. Stimulus to allow Bernie and his clan to lure others into spending on the Madoff family stimulus plan. (aka Ponzi Scheme)

Like I said somewhere else

Like I said somewhere else around here last night, thanks to fifty + years of government-run "education," we are now too stupid as a nation to get oureselves out of the economic mess the idiot government has gotten us into.

Nobody in Washington, and that includes the near-clueless republicans, has come anywhere near to talking about the one thing that just might work to turn this thing around, and that is the confiscatory corporate and personal income tax system in this country.

There is over $13 trillion being held offshore by American corporations, much of which just might find its way back here except for the fact that the government is going to snatch a huge portion of it as soon as it does.

I don't blame them for keeping it out. I would be, too, if I were them.

This country could very well wind up in a decade-long depression because of brainless, uneducated ignoramus' like Rick Sanchez, as we appear to now be a nation that is grossly overly populated with these idiots.

-Dave

Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.

School Vouchers

Why else do the democRATS fight tooth and nail over 'school vouchers'?

The 'new' GOP needs to bring this issue back.

"I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them."
George Mason

Bolton/KEYES 2012 

Sarge, its too late. The damage, as they say, has been done.

I ran in to one of my former econ professors the other day while shopping for groceries, as he lives nearby and is now retired.

He is if the opinion that, given the "solutions" he has seen so far, it is just possible that this nation may never really recover from this, as our debt load has become so crushing as to make a full recovery impossible.

-Dave

Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.

Well then..

.. to quote Thomas Jefferson:

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. 

"I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them."
George Mason

Bolton/KEYES 2012 

Former econ prof, RD

I ran in to one of my former econ professors the other day while shopping for groceries. . .

For a second there, I thought this sentence would end with "and he's a bagboy now."

Hey Rick

Maybe if someone drew you a picture

I am flabbergasted that these icons of the media could be so frickin DENSE.  It has to be a faked 'puzzlement'.... it has to.  I'd say this is anti-talking point deflection technique #479

All that is necessary for the triumph of evil is that good men do nothing.  -Edmund Burke

Good depiction, katainkent

But the CBO analysis of the House bill shows 22 percent is for tax cuts.  We simply can't afford that.  FedGov needs more, more, more.