5 Comments

  1. mike g Says:
    November 5th, 2008 at 4:53 pm
    Before or after inauguration?

    From when I posted it. Bubba was shortly after the election. I thought it was after the Inauguration, but Dana set me straight. So, let’s start now!

  2. My husband heard some former Clinton economic adviser yesterday during election coverage on Fox News say that the economic meltdown had been building for years and we can’t blame Obama if he doesn’t fix it soon. When pressed, she wouldn’t give a month or year when the economy would be Obama’s responsibility. So, my guess is that before inauguration, he will be saying that the tax cuts were just a consideration, or something like that.

  3. There is one difference between the situations faced by Bill Clinton and Barack Obama. Both wanted tax increases, despite their campaign promises. But Mr Clinton had to actually go out and get one passed by the Congress. It went through several different permutations (remember Al Gore’s call for a “BTU tax” during that time?) and Republican opposition (though not a filibuster) scaled the tax increase back from what President Clinton wanted.

    But Mr Obama doesn’t have to do anything to get a tax increase. Because President Bush was unable to get the 2001 and 2003 tax cuts made permanent, they expire in 2010. He could hem and haw about introducing his promised tax cuts, or he could do absolutely nothing, and he’ll still get his tax increase.

    Mr Obama has, unfortunately, proved himself to be a very astute politician, much to conservatives’ regret. Since his needs are different from what President Clinton’s were, my guess is that he won’t say much of anything, as he and his transition staff “review” everything, and avoid the political damage.

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