The ole bait and switch
That was fast
In response today to a reporter’s question about whether he was going to raise taxes, President-elect Obama had this to say:
(M)y tax plan represented a net tax cut. It provided for substantial middle-class tax cuts; 95 percent of working Americans would receive them.
It also provided for cuts in capital gains for small businesses, additional tax credits. All of it is designed for job growth.
My priority is going to be, how do we grow the economy? How do we create more jobs?
I think that the plan that we’ve put forward is the right one, but, obviously, over the next several weeks and months, we’re going to be continuing to take a look at the data and see what’s taking place in the economy as a whole.
Translation: you ain’t gettin’ ‘em. Note the repeated use of the past tense in his remarks: “My tax plan represented”…”It provided for”…etc. The party had barely ended in Chicago’s Grant Park when Nancy Pelosi made similar back-tracking remarks:
During their campaigns for the White House and Congress, Democrats played up their ambitious plans to cool a warming planet, revive the economy and fix a broken health care system.
But House Speaker Nancy Pelosi, in her first news conference since the party’s big election victory, warned Wednesday that Democrats might have to scale back the size of their proposals as tax revenues slow and federal budget deficits soar because of a sluggish economy.
“I think it’s important for the American people to know that many of our options have been diminished because of the downturn in the economy,” Pelosi said. “We have a lot less money to draw upon.”
Oh, those poor suckers who actually thought that Obama and the Dems would deliver on all of those promises, even though there were numerous warnings that there was no way to pay for Obama’s trillions of tax cuts and new spending. If only our country and financial futures weren’t at stake, it might be humorous.