Any outcome that entails the defeat of Obama’s proposed tax relief for the top 1% of earners is a good outcome and those in the House who make that happen should be thanked and applauded.
It is abundantly clear that tax measures to spur the economy are pointless and those to high income earners are doubly pointless. Meanwhile extending unemployment benefits for those out of work makes economic sense.
The horse trading that is being carried out is basically between a few in the faction that argue for putting money in the hands of middle and low income earners and those in the faction (including Obama) who favor business getting a disproportionate share of tax relief.
There is absolutely no question as to who Obama favors in this horse trading ritual and he has been clear about this repeatedly, so people should make no excuses for the man when he follows through with his preferences. He has said time and again that he is a free market Capitalist and that, in repeating the words of Calvin Coolige, “the business of the US is business”.
This even when the business and especially the soul and heart of business, namely the capital and financial sector, has driven the country economically into the ground. Obama should be repudiated for who he is and whom he favors and people should be clear about the man.
It is no wonder that at every turn the country is having to confront conundrums that Obama raises and that pit the country at large with the business sector. And time after time Obama sides with the business sector he favors and who make out like the bandits they and Obama are.