Steve Kornacki has a new show on MSNBC called “The Cycle”, and if it keeps doing stories like this, he’s going to be great. Kornacki points out that Obama’s proposed tax increase on the rich is exactly the same thing that Bill Clinton did when he was president. Back then, Republicans claimed that it would kill jobs and wreck the economy. But they were completely wrong. Unemployment dropped. The deficit was eliminated. The economy went gangbusters.
Now, Republicans are making the same baseless claims about Obama’s proposed tax increase, even though it will only take things back to the rates as they were under Clinton, when the economy and employment were doing great.
So my question is, are the Republicans lying, or just stupid?