The White House has dedicated a web site to pitching the extension of the Bush Tax Rates with the headline banner proclaiming, "IT'S THE RIGHT THING TO DO."
When asked on December 18 by MSNBC's Andrea Mitchell if House Democrats would support the President's plan to extend the existing Bush Tax Rates to virtually every American, Pelosi answered with an emphatic, "I do." Later in the interview she again affirmed that "the Democrats will stick with the President."
So, which is it? Did they know what President Kennedy understood and proved to be true in the 1960s, but opposed and demonized the Bush Tax Cuts for purely political reasons? Have they seen the error of their ways, and become Supply-Side Converts? Or, was their opposition genuine liberal extreme Keynesian ideology and their new found conviction to "defend the middle class" less than genuine?
It doesn't really matter. Whatever the reason, the unprincipled, blow-in-the-wind, say-anything-to-get-elected nature of the Democrats is exceedingly transparent.
All this posturing is purely political. It has nothing to do with good government, or what really is best for the country. The objective is to maximize the ability to "blame the Republicans." The 2014 election cycle has already begun.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for November 21st, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 17th, 2014 | John Ransom