Yet Another Post On Rubio's Enomomic Nonsense

Marco Rubio advocates the three solutions to spur job growth extend the 2001 and 2003 Bush tax cuts, cut corporate taxes and repeal Obamacare. A Congressional Budget Office report splashes cold water on Rubio's economic nonsense. Here is a breakdown of what would provide the most stimulus for the economy. Zandi found the Bush tax cuts would bring back 38 cents for every federal dollar spent. Cutting corporate taxes would garner 30 cents.

$1.73 – Food stamps
$1.64 – Extending Unemployment Insurance
$1.59 – Infrastructure spending
$1.36 – Aid to states
$1.26 – Refundable tax credit
$1.03 – Temporary tax cut
$1.02 – Non-refundable tax rebate
$.48 – Extend AMT patch
$.37 – Make dividend and capital gains permanent
$.30 – Corporate tax cut
$.29 - Make Bush tax cuts permanent
$.27 – Accelerated depreciation

Economist Mark Zandi of Moody's did his own breakdown of what government actions would create the most stimulus for the economy. The Bush tax cuts ranked near the bottom.



If government is going to commit actions to spur the economy than the measures need to create the most bang for the buck. Tax cuts for the rich do not do that. What makes Rubio's horrible economic policy proposal worse is he fashions himself as a fiscal conservative. Rubio from the Weekly Republican address.

Today the American Dream is threatened by out-of-control politicians in
Washington who think that more government deficit spending is what it
takes to grow our economy. That has never worked anywhere it’s been
tried and it won’t work now.

The Center On Budget and Policy Priorities analyzed CBO findings on what would be the biggest factor in the deficit for the next decade. Extending the Bush tax cuts far outrank Obama's stimulus. View the chart below.



Rubio is one to talk about wasteful government spending. As Florida House Speaker, Rubio approved a lavish $48 million 1st District Court of Appeal courthouse that has earned the nickname the "Taj Mahal." A $35 million bond was used to help fund the courthouse project. An amendment for the courthouse project was added the last day of the legislative session without the knowledge of most Florida House members. Charlie Dean, R-Inverness said he refused to approve the project when Judge Paul Hawkes and Judge Brad Thomas lobbied him for a new courthouse.

Now, a key legislator has raised new questions about how that happened. Sen. Charlie Dean, R-Inverness, was chairman of the House committee that oversaw court expenditures. Dean says he rejected a plea from Hawkes and Thomas to fund the courthouse after Dean toured the existing courthouse. He said he rejected it because the state was slashing budgets, and he said the courts had more important needs than the construction of a new courthouse for the appellate court.

Dean said Hawkes and Thomas indicated they would go around him to get the funding they needed.

"He (Hawkes) just looked at me and grinned and said, 'I got friends,' '' Dean said.

Dean said the two judges had help from Richard Corcoran, then chief of staff for House Speaker Marco Rubio, and from Hawkes' son Jeremiah, who was general counsel for Rubio.

CFO Alex Sink has ordered an audit of the project. Charlie Dean deserves credit for raising a stick about the courthouse. Rubio has much explaining to do.