h/t The Corner, National Review Online
The debate about extending the “Bush Era” tax cuts is taking some serious turns of late. According to Daniel Foster, writing in The Corner, Speaker Pelosi is leaving some wiggle room for extending the cuts without limitations for those above $250K/year. Amazing what happens when 31 Democrats, sensing doom, tell their boss that they’re not following her lead. Good news, indeed (read the whole thing).
But the “How Stupid” part comes in the quote attributed to Speaker Pelosi (emphasis mine):
“What I believe the American people deserve is a tax cut for the middle class,” Pelosi said. “And without getting into procedure and timing and process, what we’re going to do is to say at the end of the day the extension of the Obama middle-income tax cuts will take place, and that’s what I have to say on the subject.”
Since the tax cuts were put in place by Congress at the suggestion of President Bush back in 2001 and 2003, well before President Obama was even Senator Obama, how in blazes are these the “Obama middle class tax cuts?”
The President has decided to follow the lead of many in Congress and the public in preventing the tax cuts which currently exist from expiring — this hardly gives him ‘title’ to the idea!!
Speaker Pelosi continues her slavish and fawning devotion of the President right into historical revisionism….simply amazing!