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?
If Obama had asked for a second stimulus directly, he would have been laughed out of town. Stimulus I was so reviled that the Democrats banished the word from their lexicon throughout the 2010 campaign. And yet, despite a very weak post-election hand, Obama got the Republicans to offer to increase spending and cut taxes by $990 billion over two years. Two-thirds of that is above and beyond extension of the Bush tax cuts but includes such urgent national necessities as windmill subsidies.
No mean achievement. After all, these are the same Republicans who spent 2010 running on limited government and reducing debt. And this budget busting occurs less than a week after the president’s deficit commission had supposedly signaled a new national consensus of austerity and frugality.
"—Charles Krauthammer (via soupsoup)
Republicans and Tea Klanners ran 2010 elections on reducing debt and Government spending. The fact that Republicans just approved $990 billion in borrowed spending does not even register with their conservative base. #imbeciles #fake rage
1 comment:
As a Conservative I am not happy. Borrow more money? Stupid. We all will be dependent and poor in the future. Everybody will be equally poor. Great job Washington. Also, LOL on the "urgent national necessities" like windmills. Uncool.
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