Lame Obama Ducks on Tax Cuts
Sunday, December 19th, 2010
I was hoping that the lame duck session would get Congress to forget about politicking and actually do its job, but I guess that was delusional. I am deeply disappointed that Obama caved on extending tax cuts for the rich. He had the opportunity to put the Republicans in the light of causing a tax increase for all if they were too intransigent in their support of tax cuts for the rich, but instead put Democrats in that light if they opposed the “compromise”.
Those who thought that the November election was about telling Congress to stop the borrow and spend crap are probably just as disappointed. The “compromise” consisted of everybody getting all the spending they asked for, while punting the tax rate decision until 2012, where we will play out the same scenario with the same actors all over again. Anybody expecting different results? I’m not…