In response to:

Obama RX: Bleeding an Anemic Economy with Tax Increases

johnm h Wrote: Nov 16, 2012 7:52 AM
Obama is merely posturing for political reasons. He hopes to provoke a battle so he can blame Republicans for the coming stagnation. If the Republicans go along it may split the party and he will probably up his demands. If they resist he and the media will continue the relentless attack. When in doubt a good approach is to do the right thing. Propose a tax reform that is based on Simpson Bowels, closes loopholes, simplifies and requires budget cuts. Take what ever he proposes, if in fact he goes beyond speeches, and build a reform around it. Say ok but lets not hit the middle class of 250 thousand earners, lets hit the really wealthy with higher effective rates, but the top must be less than our competitors.

WASHINGTON - If you thought the presidential election would lead to an early break in the fiscal gridlock that now divides our government, think again.

President Obama's post-election press conference on Wednesday signaled he is digging in for a lengthy political battle to raise tax rates amid new evidence the economy is still very weak and will likely remain so for the foreseeable future if not throughout his second term.

If anything, he's taking a tougher tone with Republicans in Congress as he prepares for negotiations with House Speaker John Boehner and other House and Senate leaders on Friday....