Earl Bow Tie Blumenauer "No Fiscal Cliff" and Global Financial Collapse "Best Opportunity"

August 30, 2012

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Congressman Earl Bow Tie Blumenauer has had some interesting things to say about the global financial meltdown and the coming fiscal cliff. His observations make him look like a man out of touch with reality. This is not surprising, considering he’s become a millionaire after all these years in congress. 

Taking a page out of the Rahm Emanuel book of Crisis Management —

Blumenauer told the New York Times in 2009:

‘For him, the global financial collapse is “perhaps the best opportunity we will ever see” to build environmental sustainability into the nation’s infrastructure, with urban streetcar systems, bike and pedestrian paths, more efficient energy transmission and conversion of the federal government’s 600,000 vehicle fleet to use alternate fuels.” 

He also recently poo pooed the coming “fiscal cliff” or taxmegeddon coming at the end of the year:


Rep. Earl Blumenauer, D-Ore., thinks the catastrophe predicted if a combination of expired tax cuts and $102 billion in mandatory spending cuts go into effect Jan. 1 is overblown. The fiscal cliff, Blumenauer says, is really more like a gradual and manageable “slope.” The mandatory spending cuts, coupled with expiration of the tax cuts enacted during President Bush’s first term are at the center of the fight over how to shrink the nation’s $1.2 trillion deficit and $15 trillion overall debt.

“It can be as gentle as we want to make it,” he says. “The reason we have cliffs and triggers and trap doors and guillotines is because there has been reluctance to have the will to follow through.”

Interesting: the world wide fiscal meltdown is an “opportunity” for more spending on street cars and light rail and taxmegeddon is manageable.

Quite some management of this opportunity of this so far. 8.3% unemployment and $5 trillion in new debt. Great job, Bow Tie.

Tell ’em where you saw it. Http://www.victoriataft.com