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Story Archives: Other people's money
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Other people's money
The agreement President Obama hammered out this week with congressional Republicans over extending the Bush-era tax cuts for a couple more years showed us Obama is willing to say and do anything for political expediency.
Not that we didn't already know it, but the Texas two-step Obama pulled off over the income tax rate squabble confirmed Obama lacks depth -- and the depth he has is lacking at best. The word spineless comes to mind, but I won't go that far in describing a president of the United States.
Yet, who can blame Obama for cutting a deal with Republicans? After all, the GOP was correct in insisting that income tax rates remain unchanged because the worst policy to pursue in the midst of a recession is one that entails raising taxes. Any taxes.
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