The White House Tax Deal and Obama's Future
by: Les Carpenter Rational Nation USA It appears those that advocated a strong stance for extending the Bush era tax cuts turned out to be right. With the deal cut with the White House the Republicans have secured their prime objective {for now} and insured revisiting the issue during the 2012 election cycle. The deal succeeded in putting Obama at further odds with his progressive base. The result? Possibly putting his reelection bid in jeopardy. A prospect that has some {including me} no doubt delighted. Following are excerpts from The Hill. President Obama could be crippling his own reelection effort by making a deal with Republicans to extend all of the Bush-era tax cuts, Democratic strategists and liberal groups said Monday. A two-year extension of tax rates ushered in by President George W. Bush nearly a decade ago, would ensure a resumption of today’s fiery debate in 2012, when Obama is expected to reapply for his job, strategists in both parties said. It also is anger...