Saturday, November 10, 2012

Did the Wall Street Journal Take the Wrong Pill?


They see compromise in the air between the House and the President. Perhaps it is my cynical gene, and the words of Ellsworth Toohey but where I thougth I heard Boehner say revenue increases via other methods, but NOT TAX RATE INCREASES were on the table, I heard Obama HECTOR him him that with his huge mandate (51.5% and not as large as Bush in 2004) he would accept only tax rate increases.
WSJ:
President Barack Obama and House Speaker John Boehner signaled Friday a willingness to compromise on tax positions that have led to a budget stalemate, in a bid to defuse partisan tensions before talks next week to avert a year-end fiscal crisis.
Mr. Obama, in his first statement on the fiscal cliff since winning re-election Tuesday, said any deal must include tax increases on “the wealthy.” He also called on the House to immediately pass a Senate bill that would extend the Bush-era tax cuts on household income under $200,000 a year for individuals and below $250,000 for couples.
Despite his urging for a bipartisan deal, Mr. Obama intends to force Republicans to defend their opposition to Democrats’ bill in the Senate that extends those cuts. He will continue to press his case in coming weeks, administration officials said.
Obama did not appear before the press, but before an adoring, cheering uncritical crowd (as usual these days) to announce his confrontation in a repeat of what exactly set off the lack of cooperation in 2009. ELECTIONS HAVE CONSEQUENCES, is what he said.
I think the rich can pay more.
IF EVERYONE’S BOAT IS ON A RISING ECONOMIC OCEAN.
NOT TODAY.
DO NO HARM.
Talk to me when unemployment  is back to the avg from 2000-2008, 4.9%, and we have grow in GDP greater than that which supports normal population growth.

No comments: