Thursday, November 20, 2008
"Why doesn't Obama calm the markets by announcing he won't raise taxes?"
Asks Sean Hannity on his show today.
That's a good, sensible question. Aftter all, how else will we get out of (what Hannity calls) the "Obama Recession"?
Funny all the calls for Obama to signal an end to partisanship by filling his administration with Republicans and enacting the Republican platform.
Hope. Hope they get steamrolled by the New New Deal.
Maybe republicans can calm the market by volunteering to be turned into soylent green and given to the poor?
Problem I've had eating Republicans is they always leave a bad taste in my mouth, kind of a mixture of rancid oil, bile, sour grapes, and bitterness.
As opposed to the Obama taste -- sweet and delicious at first but with an increasingly bitter and acrid aftertaste.
Interestingly, he just did that. Purely from an economic recovery standpoint, it's okay. From a political standpoint, it might buy him some space to get some stuff done. From a deficit standpoint, it's not good, but the deficit, large though it is, is smaller than it was in the 80's when compared to the size of the economy. We'll be better off with a smaller deficit, all other things being equal, but of course all other things wouldn't be equal if we cut spending, raised taxes, and did stuff like that to balance the budget right now. I don't think raising taxes on the rich by a few percentage points will have any effect on the economy, so it's probably just political.