Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

The Bully Pulpit

July 26, 2011March 24, 2017

I got an email from the Christian Family Coalition asking me to take part in a survey. The survey question was: “Should House Republican leaders cave in to President Obama’s demands and raise the debt ceiling again?”

The Christian Family Coalition? I’m frankly not sure this is the loving way Jesus would have framed the question. For one thing, everyone is demanding we raise the debt ceiling, not just President Obama, for the simple reason that Congress has already incurred this debt. The alternative is for the United States to default on its commitments, wrecking its credit. By the tone of its question, is the Christian Family Coalition saying that’s what we should do?

Apparently so. When the results of the poll were revealed, 85.2% said, no, we should not raise the debt ceiling (and another 3.2% were “unsure”).

It seems to me that “bully pulpit” has in recent years come to take on a whole new meaning. It’s bullies, preaching from the pulpit. In this case, preaching on behalf of those who would cut aid to the needy in order to protect millionaires and billionaires from having to pay even one cent more in tax on dividends and capital gains than they are paying today (15%) – let alone the 28% they paid under Ronald Reagan.

House Speaker Boehner, meanwhile, in his rebuttal last night, said that if hedge fund managers were in the same tax bracket as their secretaries, or if Exxon’s tax subsidies were eliminated, jobs would be lost. This is SO not true. Nor has he ever explained how, under the “job-killing” Clinton/Gore tax rates, we added 23 million new jobs, while under the magnificent Bush rates we have today, that must be preserved at all costs, we’ve added almost no jobs at all. His position makes no sense in theory (if anything, higher tax rates make it cheaper to hire new workers, as more of the tax-deductible cost is picked up by Uncle Sam) and it definitely makes no sense in practice – we’ve tried it.

DVAX

We paid $2.77 and $2.58 earlier this month. It closed last night at $2.51. Guru says he agrees with this report from William Blair that puts the fair market value at $8.

Post navigation

← Devastating Social Security?
Invest To Win The Future →

Quote of the Day

"We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear."

Ross Perot, 1988

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Our Record-High Stock Market

    June 30, 2025
  • Stuffing The Goose

    June 30, 2025
  • Yes! (Plus A Bonus)

    June 29, 2025
  • How Does THAT Make You Feel . . .

    June 27, 2025
  • Randi, David, Ken, and HYMC

    June 26, 2025
  • Six Links For Your Consideration

    June 25, 2025
  • Weekend Reading

    June 20, 2025
  • Oh, My

    June 18, 2025
  • 3 Quick Clips

    June 17, 2025
  • A Quick Poem

    June 15, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams