Sunday, August 15, 2010

Bush tax cuts: The latest episode in "BO's promises meet reality" series!


A few days ago, Robert Gibbs blasted what he called the "professional left".

I guess that Mr. Gibbs is surprised that "the left" expects Pres BO to keep all of those campaign promises that he made!

During the campaign, a rather irresponsible and demogogic BO went after the "Bush tax cuts" and blamed them for everything.

Today, Pres BO faces a rather stark reality: Extend the cuts or face a huge tax increase in the middle of a recession!

So what's a president to do?

My guess is that he will extend the Bush tax cuts and let Robert Gibbs deal with the professional left!

Headline for later this year: Say hello to extending "the Bush tax cuts", or the latest chapter in the "candidate's promises meet reality" series!

Prof Caron has the rest of the story:

"70% of Economists Favor Extension of Bush Tax Cuts to Those Making >250k/Year"

P.S. Check out our chat with Mario Yngerto about the Bush tax cuts:










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