Monday, July 9, 2012

Newest Fox News piece: The truth about Obama's tax cut extension plan

My newest piece starts this way:
Politics, not economics, is driving President Obama's election year strategy to force a battle over his efforts to raise income taxes. So much of Obama's speech Monday focused on his political opponents and the difference between those whom he claims support the middle class and those who support what Obama continually called "the wealthy." For an administration that last week blamed Fox News for the class warfare rhetoric, Obama's talk today sure contained a lot of such rhetoric. But contrast Obama's position with that of other prominent Democrats. Just last month, his former chief economic advisor Larry Summers told MSNBC: "The real risk to this economy is on the side of slow down, certainly not on the side of overheating, and that means we've got to make sure that we don't take gasoline out of the tank at the end of this year that's gotta be the top priority." Former Democratic President Bill Clinton made a similar claim warning against tax increases because it is better to "avoid doing anything that would contract the economy now." Under Obama administration pressure both quickly retracted their statements. Obama seem oblivious to Summers' and Clinton's concerns about the poorly performing economy. . . . .

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