Robert Reich: The Presidents Last Stand Is No Stand At All

Robert Reich: The Presidents Last Stand Is No Stand At All: Why The Tax Deal Is an Abomination

http://robertreich.org/post/2132901013

The deal the President struck with Republican leaders is an abomination.

It will cost $900 billion over the next two years — larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years.

It makes a mockery of deficit reduction. Worse, the lion’s share of that $900 billion will go to the very rich. Families with incomes of over $1 million will reap an average of about $70,000, while middle-class families earning $50,000 a year will get an average of around $1,500. In addition, the deal just about eviscerates the estate tax — yanking the exemption up to $5 million per person and a maximum rate of 35 percent.

And for what?

(more at link)

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Enjoy or moan about how evil his opinion is....whatever suits you.

...go I'll just sigh.

Or if he is against it, from news source.


Or I don't want to think that is what he would choose.


I think those tax cuts are a bad idea if those numbers are correct, and within concepts of how a society should work.

and we have another two years of it yet.

And he's insulting those to his left as being "purists":
http://krugman.blogs.nytimes.com/2010/12/08/the-sorrow-and-the-self-pity-2/

Back when he was the Secretary of Labor and the Dems were in charge of all three: House, Senate & Presidential slots....and there was an opportunity to increase the minimum wage to a "livable wage" and it never passed......I got so pi**ed off that I actually took a dollar bill and defaced it and cut out a big ole question mark and sent it to him and asked just WHY the minimum wage/livable wage was not passed???

Crickets. :-(