April 19, 2013

Obama's see through gimmick

Dana Milbank (no right winger he) unmasks what the smarter half of the country knew at the time.

Rebuffing Obama’s gimmicky ‘Buffett Rule’ - Washington Post: "President Obama admits it: His proposed “Buffett Rule” tax on millionaires is a gimmick.

“There are others who are saying: ‘Well, this is just a gimmick. Just taxing millionaires and billionaires, just imposing the Buffett Rule, won’t do enough to close the deficit,’ ” Obama declared Wednesday. “Well, I agree.”"

So there you have it. Like all of Obama's statements, they are either deceptive, outright lies or have an expiration date. This one is pure Chicago politics. Bang the drum of class warfare to rally the base. The refrain of "millionaires and billionaires" became so constant it was like a buzzing undertone to all the news stories.

Economic illiterates argued that a teensy tiny tax on this crowd would solve all our ills. The refrain of "Clinton era taxation" was what we needed. Hell, I'd be all for it if we went back to Clinton Era spending.

When history writes about Obama I think they'll put a veneer of "first black President and isn't that nice" and then largely ignore the economy or blame it on global upheaval or something. Either way the facts aren't kind and facts are stubborn things.

Posted by Duffy at April 19, 2013 12:40 PM | TrackBack

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