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Thom Hartmann: Boehner got 98% - Americans got another Recession

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Uploaded on Aug 9, 2011

Leo Hindery, InterMedia Partners LP, joins Thom. Last week - Speaker of the House John Boehner bragged that he got 98% of what he wanted in the debt-limit deal that didn't explicitly raise ANY taxes on millionaires, billionaires, and corporations. Since then - the markets have gone into cardiac arrest and our credit rating has been downgraded - mainly because there were no revenue raisers in Boehner's deal. As the S&P report said, "We have changed our assumption...because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act." Maybe Speaker Boehner should be reconsidering his words. So will that do it? Will closing tax loopholes on the rich - and cutting into Medicare - calm the markets - satisfy credit rating agencies - and turn our economy around?

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