Pages: 1 2
It increases taxes on capital gains and dividends. Americans for Tax Reform said: “Rather than focusing on Washington’s overspending problem, the budget calls for higher taxes on families and small businesses to pay for even more government spending. Under the Obama budget, tax revenues will grow from 14.4 percent of GDP in 2011 to 20 percent of GDP in 2021. … Add it all together, and this budget is a 10-year, $1.5 trillion tax hike over present law. That’s $1.5 trillion taken out of the economy and spent on government instead of being used to create jobs.”
So here’s the 10-point game plan for Obama, lifted from the 1994 Clinton playbook:
1) Give lip service to the “peril” of the debt and deficit, and offer to rein in spending. Then do nothing of the sort.
2) Wait for the Republicans to call the budget unserious, a charge the GOP will make even more loudly than back in ’94, given the influence of and pressure by the tea party.
3) Dare them to make cuts, especially on entitlements.
4) Denounce Republican-proposed cuts as irresponsible, that they “mortgage our nation’s future.”
5) Dare the Republicans to threaten to shut down the government. Even better, hope that they go through with it.
6) Watch the nightly newscasts parade “victim” after “victim” who can’t pay bills or take a night class or enroll in a training program or …
7) Turn House Speaker John Boehner into a crumb-snatching, heartless, ice-water-in-veins ghoul the way Clinton did Newt Gingrich.
8) Wait for Gallup to produce polls “blaming” Republican intransigence for the government shutdown. Watch the Republicans blink and accept a larger budget than they want — but a much smaller one than Democrats want.
9) Kick entitlement reform down the road, and let a future president and Congress to deal with.
10) When the deficit goes down — and the economy performs better than it would have if left to Obama/Reid/Pelosi — take credit. Cruise to re-election.
Yes, free-market economists and conservative and libertarian think tanks will produce persuasive studies to show how the economy suffered under Obama’s tax, spend and “invest” policies. Not to worry. They will be ignored.
Post-presidency, the globe-trotting Obama will offer sage advice about this and that, while raising money for the Obama Presidential Library. Then he’ll kick back in his lounge chair, light up a cigarette and enjoy a CNN “news” special report: “First Black President of the World: The Barack Obama Phenomenon.”
Pages: 1 2