Saturday, December 11, 2010

Swindle, indeed........................

Charles Krauthammer writes:

"Obama is no fool. While getting Republicans to boost his
own reelection chances, he gets them to make a mockery of
their newfound, second-chance, post-Bush, Tea-Party, this-
time-we're-serious persona of debt-averse fiscal

And he gets all this in return for what? For a mere two-year
postponement of a mere 4.6-point increase in marginal tax
rates for upper incomes. And an estate tax rate of 35 percent -
it jumps insanely from zero to 55 percent on Jan. 1 - that is
somewhat lower than what the Democrats wanted.

No, cries the left: Obama violated a sacred principle. A 39.6
percent tax rate versus 35 percent is a principle? "This is the
public option debate all over again," said Obama at his
Tuesday news conference. He is right. The left never under-
stood that to nationalize health care there is no need for a
public option because Obamacare turns the private insurers
into public utilities, thus setting us inexorably on the road to
the left's Promised Land: a Canadian-style single-payer
system. The left is similarly clueless on the tax-cut deal: In
exchange for temporarily forgoing a small rise in upper-
income rates, Obama pulled out of a hat a massive new
stimulus - what the left has been begging for since the failure
of Stimulus I but was heretofore politically unattainable."

full essay here

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