Bernanke Says: Keep Bush Tax Cuts

Katie Pavlich | July 23, 2010 4:16 PM

Federal Reserve Chairman Ben Bernake favors the continuation of the Bush tax cuts, which would allow Obama to avoid implementing the biggest tax hike in history under his name.

The Obama, Reid and Pelosi power trip wants to raise taxes on "the rich," but fails to understand that those lumped into that category include small businesses, which employ over 70 percent of Americans. More taxes equals less money to pay more employees, resulting obviously in even higher unemployment.

The battle lines are clearly drawn. Obama, Reid and Pelosi on one side, Bernake and small business on the other.