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Obama RX: Bleeding an Anemic Economy with Tax Increases

Richard1805 Wrote: Nov 16, 2012 4:14 PM
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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....