Swindle of the year

Democrats are clueless if they don't view Obama's tax cut deal as a win. Full Story »

Posted by Jon Mitchell - via Fair Spin (Right), Real Clear Politics, Memeorandum, Umbreen Bhatti (t), Mehmet Ekrem Koseterzi (f), David Wardell (f)
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Posted by: Posted by Jon Mitchell - Dec 10, 2010 - 5:58 AM PST
Content Type: Article
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Edited by: Jon Mitchell - Dec 10, 2010 - 9:04 AM PST
Jon Mitchell
3.9
by Jon Mitchell - Dec. 10, 2010

An interesting turn-around of the take Paul Krugman offers, and this is a pretty compelling case. According to Krauthammer, this tax plan is extremely shrewd on Obama's part, even if it does just punt the football economically. In Krauthammer's view, this is catastrophically short-sighted for the economy as a whole, but the plan is a double-whammy in favor of Obama in the short term.

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Fred Gatlin
3.8
by Fred Gatlin - Dec. 11, 2010

I struggle with Charles Krauthammer tone, but what he says makes sense. Unfortunately no one discusses the other parts of this bill that are needed soon before people work on taxes. There are several key parts of this bill.

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Bob Herrschaft
3.2
by Bob Herrschaft - Dec. 10, 2010

Krauthammer uses some funny math to infer that the proposed tax deal will pump a" trillion borrowed Chinese dollars back into the U.S.economy"and goes on to imply that the deal was a shrewd move by Obama to give him a more centrist position in the 2012 election.

Although i would take issue with most of Krauthammer's contentions in this article, he has a valid point that Obama's "attack" on the "professional left" could be a concerted effort to reposition his administration in the eyes of independents. Of course Krauthammer fails to mention that the president's desire to do so would most likely be caused by the misrepresentation of his policies by right wing zealots.

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Chris Finnie
2.4
by Chris Finnie - Dec. 10, 2010

Vituperative and inconsistent. He veers from his usual demonizing of Obama to--surprisingly--almost praising him. I agree with him on several points: The Tea Party should be screaming about the deficit. Strangely though, I've yet to hear a peep out of them. But, despite that, this doesn't present a very coherent argument on any of the points he raises. Especially since equating tax cuts with stimulus has been disproven over and over and over and...

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Michael Shaver
3.2
by Michael Shaver - Dec. 10, 2010

Charles Krauthammer provides a contrarians view point of the great tax compromise of 2010 while trying to blow sunshine up the asses of the professional leftist. Charles provides a distinctly unique interpretation of what is going on in Washington. Like many of the other op-ed pieces concerning the tax compromise he reports the facts and figures as he sees them in the context that suits him best. As Mr. Krauthammer sees it this is a calculated risk that is part of a long-term plan to ensure the survival of the Democratic Party. Yes Virginia, there is a Santa Claus or in this case – fear not progressives or professional leftist there is method to his madness and while we may have lost this battle we will most certainly win the war.

What can I say except Krauthammer provides more optimism and hope that I'm able to process it this time. The ability to take the same information that is available to everyone and interpret it in such a way that it means something completely different is one of the unique consequences when economic matters are discussed. Another fascinating thought is that out of three different views each of them have the same probability of being correct. So where does all this leave us? Obviously ... More »

Some Republicans are crowing that Stimulus II is the Republican way – mostly tax cuts – rather than the Democrats’ spending orgy of Stimulus I. ... More »

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Don Bertschman
2.8
by Don Bertschman - Dec. 11, 2010
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Dick Sorenson
1.0
by Dick Sorenson - Dec. 11, 2010

This is not good journalism, unless you're a died in the wool Republican that marches when ordered to. It is an interesting spin for the uninformed, but any well read person would understand it was designed to dilute oppositon to the Obama - Republican tax - unemployment compensation deal. It is an interesting attempt to sell readers that Obama pulled a fast one on the Republicans, when it is designed to distract from the greed of the wealthy and their agents the Republicans.

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U.S. | Politics | Business | U.S. Budget | U.S. Congress | U.S. Economy | U.S. House of Representatives | Democrats | Republicans | Obama Administration | Taxes
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