A vote for Obama is a vote for 9 percent unemployment

Posted by on Oct 02, 2012 at 8:22 am

The New York Times has a story out this morning reporting that “Senate leaders are closing in on a path for dealing with the “fiscal cliff” facing the country in January.” Don’t believe it for a second. As even The Times admits, “Senate Democrats and Republicans remain far apart on the details, and House Republicans continue to resist any discussion of tax increases.”

In other words, if Obama wins and insists on tax hikes, no deal. And Obama’s liberal base is already warming up to the idea.

The New York Times has a story out this morning reporting that “Senate leaders are closing in on a path for dealing with the “fiscal cliff” facing the country in January.” Don’t believe it for a second. As even The Times admits, “Senate Democrats and Republicans remain far apart on the details, and House Republicans continue to resist any discussion of tax increases.”

In other words, if Obama wins and insists on tax hikes, no deal. And Obama’s liberal base is already warming up to the idea.

Full story.

2 Responses to “A vote for Obama is a vote for 9 percent unemployment”

  1. MT Geoff on 2/02/12 at 11:00 am

    Sigh. This is what happens when too many of our elected leaders know the business of law but not the laws of economics.
    Raising tax rates rarely increases revenues. In some cases, the rate increase may increase revenue in one stream, like property taxes, and reduce it by a larger amount in another stream, like income taxes and sales taxes. Raising tax rates also tends to reduce overall economic activity and so reduce revenues.
    We do need to increase revenues but that can only happen by taking the gags and shackles and garottes off of the private sector. Obama and the Enablers either don’t understand this or they prefer the idea of a stifled society.
    The Dems do not have a viable plan to step back from the fiscal cliff. The one they are floating will only change where and when we fall off of the cliff.

  2. Blue Hen on 2/02/12 at 1:54 pm

    Most don’t care. The European leaders are farther along on this path than us, and yet they persist. They know that no one of them will bear the brunt or blame. They also know that being a responsible steward has few, if any reward. And so, they continue as they have.