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GOP strategist Steve Schmidt slams Republicans: Tax cut scam a ‘travesty’ (VIDEO)

GOP strategist Steve Schmidt slams Republican Senators and the tax cut scam (VIDEO)

Republican Strategist Steve Schmidt lays out the case for how pathetic Republican Senators and Congresspeople are for a tax cut scam that will cripple the next generation. He sounded as if the enactment of the bill is a far gone conclusion. We must not make that assumption till we exhaust all avenues.

Steve Schmidt excoriated his party as he has been doing since they have abandoned all principles he believes the GOP use to represent. Many do believe that the current Republican Party is just the vivid instantiation of their policies when they have total control of the government. And it is not pretty.

Steve Schmidt expanded on two tweets he made recently with Brian Williams.

GOP Steve Schmidt prescient tweets

There isn’t one single GOP Senator who could forthrightly and competently answer this question— What is it that you are voting for? They have 0 idea. None.

Every single Gen X’er should be outraged as we watch a bunch of septuagenarian and octogenarians load another 1.5 trillion in debt on the backs of our pre teen and teen age kids. The beggaring of the country for special interest donations is immoral

 

“We’re seeing a complete and total collapse, Brian, of any rigor around the policy-making process in this country,” Steve Schmidt said. “We’re a nation of 330 million people. This legislation affects everybody. The number one economic challenge of our time that’s driving so much turbulence in our politics, so much extremism in the parties, is the fact that working-class people haven’t seen a real wage increase in a generation. It’s creating a crisis of confidence in free market American capitalism for Millennials and so many other Americans. And it can have a profoundly bad effect for future opportunity in this country. This bill does nothing about that problem. It does nothing to drive economic growth. What it does do is it lowers corporate tax rates. No one pays the statutory rate in the first place. And it does it by loading up another trillion and a half dollars on the national credit card that will be paid by my kids and grandkids and your kids and grandkids. And it’s just a travesty.”

Schmidt gets the correlation between the social angst that can be manipulated. Unfortunately, he is yet to acknowledge that after several decades of failure, it is our economic system that is defective. The solution is waiting as soon as we stop worshiping capitalism as a religion and start using it solely as a tool in a real economic system that serves people and not capital.

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