Face it, GOP: You got rolled by Obama on this tax cuts deal
Swindle of the year
(By Charles Krauthammer, Washington Post) - Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
(By Charles Krauthammer, Washington Post) - Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
posted by BP News Bureau | 12:12 PM
1 Comments:
This tax deal is a massive spending bill, it helps Obama in his re-election campaign, it undermines the recent election, and is harmful to the economy as the tax rates will be under attack again in two years (no predictability, which is the talking point of its Republican advocates) and the new spending is unconscionable. They're reportedly even adding ethanol subsidies now. I would not refer to this as a second stimulus, as Krauthammer does, even though I understand what he means -- that this is another massive spending disaster. However, it stimulates nothing and, therefore, might confuse some people who hear the president claiming this will stimulate the economy. This is another massive spending bill. And it violates the recent GOP Pledge on cutting spending. I also think this demonstrates the utter incompetence of the current Republican leadership.
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