It's rare that you can post a political spoof, in which both sides of the spectrum can actually laugh, and nobody would consider it a "cheap shot." But I think this one qualifies.
Meanwhile, the Wall Street delivers the eulogy for Obamanomics:
Does President Obama like or loathe the two-year tax deal he has struck with Republicans? It was hard to tell from his grudging, testy remarks Monday and yesterday, but perhaps that's because he realizes he is repudiating the heart and soul of Obamanomics as the price of giving himself a chance at a second term.
In accepting the deal to cut payroll and business taxes and extend all of the Bush-era tax rates through 2012, Mr. Obama has implicitly admitted that his economic strategy has flopped. He is acknowledging that tax rates matter to growth, that treating business like robber barons has hurt investment and hiring, and that tax cuts are superior to spending as stimulus. It took 9.8% unemployment and a loss of 63 House seats for this education to sink in, but the country will benefit.
LAST ADD: The most aggravating element of the current tax debate, is the phrase "how are we going to pay for these tax cuts." Pay for them? PAY for them? It's not your fucking money, government! There's no "paying" for something that doesn't BELONG to you in the first place!
Plus, the media keeps referring to these as the "Bush Tax CUTS" or the "Bush Era Tax Cuts." Funny, because when Bush cut taxes, I never recall the media harping on the "Clinton Era Tax Raises" or the "Clinton Tax Raise".
The current tax rates, are just the current fucking tax rates. That's all. Think of tax rates like the thermostat in your home. If you think it's too cold, and you have the votes, turn up the heat a bit. If you think you can save money and be a bit cold in the house, turn it down just bit.
It's not more complicated than that.
There is no magically perfect tax rates, nor any "correct" tax rates.