July 17, 2011

President Demands 'Massive, Job-killing Tax Increases' and Dares Republicans to Call His Bluff

By Clarice Feldman
This was the kind of week where any self-respecting 2008 Obama supporter who had not yet yanked off his Obama-Biden Bumper sticker should have been in his garage scraping off that old Hope and Change. It began on Monday when he insisted on a "grand bargain" that would include , in his words, "massive , job-killing tax increases."  It was the first honest explanation of his economic plan but surely it was no surprise that his opponents found it an unappealing course of action. He also threatened that the government might not be able to make Social Security payments if the debt ceiling had not been lifted by August 2.  Throwing granny to the wolves is a rather overdone theme by the Democrats, and in any event for a variety of reasons  the threat vanished soon after it was made, largely because it was not credible. While most of the media reports continue to credit Obama with a good faith effort and parrot anonymous "insider" slams at the opposition, particularly Eric...(Read Full Article)