Home > Uncategorized > Firedoglake – Obama-McConnell Tax Deal: White House Predicts Doom Unless Rich Get More Money

Firedoglake – Obama-McConnell Tax Deal: White House Predicts Doom Unless Rich Get More Money

From Firedoglake:

Obama-McConnell Tax Deal: White House Predicts Doom Unless Rich Get More Money

By: Jon Walker Wednesday December 8, 2010 2:31 pm

Today, in a pathetic attempt at fear mongering to get Congressional Democrats to vote for a massive transfer of wealth to the rich, Larry Summers, Barack Obama’s outgoing National Economic Council chief, told reporters that failure to pass the Obama-McConnell extension of the Bush tax cuts could lead to total DOOM! a double-dip recession. From David Dayen:

Larry Summers just dusted off the bazooka, telling reporters that, if Obama’s tax deal doesn’t pass, the failure will “materially increase the risk” that the economy will stall out and we will experience a double dip recession. Summers added that without a bill, economic analysts will issue downward revisions in growth/employment.

Continue Reading

Also

Republicans Casually Agree They’ll Never Allow Payroll Tax Cut to Rise Again

By: David Dayen Wednesday December 8, 2010 4:40 pm

Republicans are basically telling you their strategy. They will call the expiration of the payroll tax cut an increase. They will use the reduction in revenue to claim that Social Security is in bigger financial trouble than it is. They will try to stop the money from getting restored.

Continue Reading

Advertisements
Categories: Uncategorized Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: