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View Diary: Boehner: Extend Bush tax cuts for wealthy now, deal with tax reform later (210 comments)

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  •  Baselinecene advice to the President (2+ / 0-)
    Recommended by:
    chuck utzman, Brooke In Seattle

    Simon Johnson calls on Obama to embrace fiscal cliff

    Watch out for the coming hysteria on the so-called “fiscal cliff.” In the post-election commentary, you will hear numerous voices – definitely on the right but also on the left – arguing that we could not possibly increase taxes this year or next, as this will push our economy back into recession. Do not believe them – this is just the latest disinformation put out by people who agree with Grover Norquist that the real goal of politics should always and everywhere be to reduce taxes and shrink the size of government. It is exactly such policies that have brought us to our current economic predicament.
    Goes right along with Paul Krugman 's Lets not make a Deal
    My answer is, not far at all. Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a “grand bargain” on the budget that snatches defeat from the jaws of victory.
    Hang tough Mr. President.

    The Plutocratic States of America, the best government the top 1% and corporations can buy. We are the 99%-OWS.

    by emal on Fri Nov 09, 2012 at 09:37:24 AM PST

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