“White House Gives In On Bush Tax Cuts.” (Via TalkLeft.) But, I guess this is what we get because Democrats fell for a marketing campaign instead of someone with a resume and forty years of experience. Top White House adviser David Axelrod:
“We don’t want that tax increase to go forward for the middle class,” he said, which means the administration will have to accept them all for some unspecified period of time. “But plainly, what we can’t do is permanently extend these high income taxes.”
In other words, the White House won’t risk being blamed for raising taxes on the middle class even though, arguably, it is the GOP’s refusal to separate the categories that has put Obama in this bind. The only condition, at least initially, seems to be that the tax cuts for the wealthy not be extended “permanently.”
A student of history and a onetime political reporter, Axelrod expressed curiosity and even some optimism about the tea party, suggesting that Obama could work with them on matters such as a ban on spending earmarks and on winding down the war in Afghanistan.
If so, Obama would turn the Clinton-era triangulation strategy on its head, reaching out not to the moderates in the other party but to the new breed of conservatives who could bring the ideological arc of Congress full circle.
Letting tax cuts expire is now–in the mouth of an alleged Democrat–a “tax increase” or instituting “high income taxes?” As Big Tent Democrat said, “This is, of course, insane. The Obama White House seems to have lost its mind. At this rate, unless the GOP nominates Palin, Obama may very well be a one term President.” Continue Reading »