WH warns tax defeat could trigger new recession
Raising the direst alarm yet, the Obama administration warned fellow Democrats on Wednesday that if they defeat the big tax-cut compromise detested by many liberals, they could jolt the nation back into recession.
President Barack Obama appealed anew for Congress to “get this done” and insisted that more congressional Democrats would climb aboard as they studied details of the $900 billion year-end measure. Several did announce support on Wednesday, but at least one said there still was “a mood to resist.”
This looks like a headline we’d have seen in the Bush administration when he was pushing for tax cuts.
For this to come out of the Obama White House is a bit surreal.
Does this mean that Obama has finally agreed that low taxes stimulate the economy more than deficit-based stimulus spending?
Maybe it just means that he is beginning, belatedly, his campaign to be re-elected in 2012.
