1.25.2009

Obama approval 68%, but...


As a classic case of what Barney Frank has called post-partisan stress syndrome, Barack Obama and the Democrats are putting inordinate faith in tax cuts as part of their stimulus program. This is not to say that some of the tax cuts are not wise and deserved, only that they do not have the economic effect that, until now at least, mostly conservatives have claimed....



Until now, Democrats have repeatedly stood up to rightwing tax cutters. But the fiscal crash panic that has swept the capital combined with Obama's desire to pal around with the right has changed all that. We have put away childish things like Democrats standing up for the little guy against the banks and major corporations. We have also put away history; no one seems to remember that the Bush tax rebates and came and went without a trace.

[From UNDERNEWS: OBAMA BUYS INTO CONSERVATIVE TAX CUT MYTH]


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