White House Report: GOP Is Going to Ruin Christmas or Something

Posted by on Nov 26, 2012 at 8:08 am

Welcome to Cyber Monday, but before you spend anything shopping online today, the White House has some news for you: Doom!

The White House released a report Monday arguing that a failure to extend tax cuts for middle class families could have a negative impact on the economy which outweighs the gains from traditional Black Friday and Cyber Monday holiday sales.

According to the report, reverting back to pre-Bush era tax rates would reduce consumer spending some $200 billion — four times the amount holiday shoppers spent on Black Friday weekend in 2011.

“As we approach the holiday season, which accounts for close to one-fifth of industry sales, retailers can’t afford the threat of tax increases on middle-class families,” the White House said in an e-mail Monday.

The new report comes as lawmakers return to Washington this week to begin negotiating a deal to avoid the looming “fiscal cliff.”

The campaign just never ends with these people. Just one problem with their logic: Expiring Bush tax cuts won’t hit your wallet until after Christmas. And besides, we’re told everyone wants to pay more taxes, so what exactly is the strategy here?

3 Responses to “White House Report: GOP Is Going to Ruin Christmas or Something”

  1. tobias took on 26/26/12 at 10:11 am

    “so what exactly is the strategy here?”

    To blame the Republicans for the Democrat’s tax increases. The LiV will predictably eat that up since the MSM will be pushing the idea.

    Either the Republican Leadership consists of mental defectives, or they are not really on our side.

  2. Bertram Cabot Jr. on 26/26/12 at 11:06 am

    “Either the Republican Leadership consists of mental defectives, or they are not really on our side.”

    These two things are not mutually exclusive.

  3. Lightwave on 27/27/12 at 8:31 am

    Meanwhile, every man, woman, and child in America owes a third of a million dollars in true debt on top of taxes they have already spent in some cases a lifetime paying.

    America is the most bankrupt country ever to exist. Our unfunded entitlement liabilities ($87 trillion and growing) are more than the entire GDP of the world ($79 trillion in 2011.)

    Obamee is talking about a small fraction of one percent of the real picture. Really?

    Buffoon.