With $900 Billion in Tax Cuts, Many Working Americans Will Still See Taxes Rise

By: Monday December 13, 2010 11:52 am

According to the Huffington Post, because of the structure of the nearly $900 billion Obama-McConnell tax deal, roughly a third of all workers will actually see their taxes increase next year. How anyone can defend this deal as smart politics for Obama is beyond me. From Ryan Grim: The tax deal reached between President Obama [...]

Will America Vote for a President that Made Them Worse Off?

By: Thursday December 9, 2010 12:20 pm

This is a pretty scary number for any White House political operative. According to a new Bloomberg news poll, over half of Americans think they are worse off now than when Obama took office. From Bloomberg: The survey, conducted Dec. 4-7, finds that 51 percent of respondents think their situation has deteriorated, compared with 35 [...]

Obama’s Tax Deal Could Damage 2012 Re-Election Chances

By: Thursday December 9, 2010 12:03 pm

Using projections from Moody’s analyst Mark Zandi, Paul Krugman came to the conclusion that the Obama-McConnell tax deal could end up hurting President Obama’s 2012 re-election bid by reducing growth rates in the critical months leading up to the election. From Krugman: Look at the┬áZandi estimates: they show a boost to the economy in 2011, [...]

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