This is the season for scare tactics.
Charles Krauthammer, writing in the Washington Post, says “In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package.” He contends that the deal Obama made with one trillion borrowed dollars put into the economy and that will be the boost that will result in his re-election. It just happens that the liberals of the Democratic party don’t get it.
Mr. Krauthammer’s view is definitely unique. Perhaps this view will result in many Republicans from voting for the tax plan. I will not be surprised if Rush Limbaugh and Sean Hannity jump on the Krauthammer theory.
Meanwhile Lawrence Summers, the president’s chief financial advisor, has said that without this tax package the United States has a considerable chance of falling back into a recession. The highly respected Bill Clinton appearing at the White House is most likely the winning card for Obama.
If the Tea Party is true to their values they will oppose extending these reduced taxes. I agree with that position. However the problem is the Obama agreement includes extended unemployment benefits, something I support. If all the leaders were around the table we could reach a compromise. We need a No Labels solution to Washington gridlock.
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