As I’ve already said the idea of extending the Bush Tax
cuts rates on a temporary basis is a trap. By doing it in a temporary way the democrats are given a stark choice on raising taxes again in two years.
There is only one thing they could do that would be worse politically; and by golly they’ve managed to do it!
Defying President Obama, House Democrats voted Thursday not to bring up the tax package that he negotiated with Republicans in its current form.
“This message today is very simple: That in the form that it was negotiated, it is not acceptable to the House Democratic caucus. It’s as simple as that,” said Democratic Congressman Chris Van Hollen.
Well done democrats, now after Jan 3 when the republicans pass the tax rates without your help, they will get sole credit and if it can’t get passed due to senate intransigence or a filibuster by democrats then we have the president ON THE RECORD saying bluntly that a double dip recession is their fault:
President Obama warned his fellow Democrats on Wednesday that they risk plunging the country into a double-dip recession if they reject his tax-cut deal with Republicans.
Absolutely amazing! Totally tone-deaf! If you think 2010 was bad for the left watch what happens now. 2012 is going to be the sinking of the Titanic!
Update: Stacy has more, what fools!
Looking at the list of more than 50 House Democrats who signed the Welch letter, I see several names — including Paul Kanjorski, Jim Oberstar and Alan Grayson — of Democrats who got beat in the mid-term election.
Their careers are over and so they’ve got a political free-pass for these lame ducks to take a stand on “principle,” possibly resulting in a no-deal meltdown that results in Americans paying higher taxes next year. And maybe, as Larry Summer warns, pushing the economy into a double-dip recession.
Hey lets follow the losers off the cliff, unbelievable!
Gateway Pundit is amazed too:
Yesterday the Obama Administration warned Wednesday that if Congress rejected a compromise tax deal they risk plunging the US economy back into recession.Today the Pelosi democrats rejected the deal. They don’t trust his economic judgment, either.
This is like watching a horror movie you’ve seen before, you know the killer is behind the door and you’re shouting at the set. Don’t open it!