-Giving another clear indication he is devoid of ideas, President Barack Obama unveiled yet another debt plan
which involves increasing taxes on "the rich." This is a tired old strategy where class warfare is always the safety net for a failing Presidency. As Rep. Paul Ryan said Monday, such a strategy may make for good politics but rotten economics.
This time though, the Democrats promise support of future cuts in Medicare and Medicaid. But as sure as one can utter the name Thomas P. "Tip" O'Neill, the Republicans ought to know better than to fall for the "promise" of spending cuts. It's just not in the Democrats' DNA.
So unless the President's so-called "Buffett Rule" involves some sort of tax breaks for business conducted in Margaritaville, it just sounds like the same old failed economic policies which have hampered the country at every turn.
By the way, Obama has been squawking about "fairness" since he was on the campaign trail in 2007. Once inaugurated President in January 2009, he essentially had carte blanche with a majority in the House and, for a time, a super majority in the Senate the first year or two of his Presidency. Why not push such tax hikes through at that particular juncture? He no doubt had more than enough votes. I believe I know the answer, but I'm opening the floor for additional speculation.
-There's never been a lot of popular sentiment for raising taxes in a recession. In fact, a liberal Democrat
President once made the following statement:
The last thing you want to do is to raise taxes in the middle of a recession because that would just suck up — take more demand out of the economy and put businesses in a further hole.
So who were you thinking? Jimmy Carter in the late 1970s? Bill Clinton in the '90s?
No, that quote came from the White House's current occupant
a little more than two years ago. It was also Obama who, in the Summer of 2008, called it "unpatriotic" to add $4 trillion to our National Debt-----something he also has done in the first thirty months of his first term.
It would seem to me that there is not a more harsh (or effective) critic of President Obama than Obama himself.
-There's been faint speculation for some time that President Obama may receive a primary challenge for the 2012 Presidential election. Even more interesting is the possibility that Democrat party bosses could go so far as to ask Obama to step aside altogether, thus promoting a different candidate.
Then on Sunday, I saw a compelling case on why Obama should indeed withdraw. I guess that wouldn't be a big deal if said article originated in such right wing sites as National Review, Townhall or Hot Air.
But would you believe the Obama withdrawal plea was laid out in the Chicago Tribune?!?!?!
I don't know why, but the phrase "crapped the bed" suddenly leaped to my mind.
Labels: Politics, Quick Hits