The president’s tax compromise is threatening to spill into next year, thanks to an obstinate House and Senators who continue to tack on additional spending to their version of the legislation. The tax rate extension has received most of the deal’s hype because it fans partisan fires, but for 15.1 million unemployed Americans platitudes are irrelevant.
Leave it to the Senate to present a heroic front after House Democrats turned their backs on the president and sold out their constituents by refusing to agree to extend our current tax rates. Senators came through with a fix, S.Amdt.
House Democrats gave us an unpleasantly revealing view of their backsides when they bailed on the president’s tax rate compromise, proving once again that loyalty in Washington does not exist apart from self-interest.
The drive to fleece the wealthy to pay for unbridled spending has not ended, though most of us can see that it is over.
Our feelings toward the French have always been tentative. We love their wine, we love their food, but we hate their politics. The Iraq War strained relations with France, and recent WikiLeaks revelations of how we regard their president will not further our friendship.
Enough already. The mythology of GM and Chrysler’s resurrection has transformed the automakers’ bailouts into the penultimate symbol of success for the Obama administration’s recovery efforts. If we throw enough money at a problem, we generally manage to come up with some sort of a solution.