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JPMorgan Chase & Co. Message Board

  • todlondon todlondon Nov 12, 2012 1:17 PM Flag

    The Obama Plan

    What he really might want. TO DRIVE OFF THE FISCAL CLIFF/

    It will impose tax hikes on everyone who pays federal income taxes (not just the 2%)
    It will cut entitlements without his having to support the actions
    It will reduce defense spending without him ‘looking soft’ as Commander-in-Chief
    It will end the ‘Bush Tax Cuts’ automatically
    It will probably slow economic growth (GDP)
    Why would our President want these things to take place?
    He would get the extra tax revenues to use without being blamed
    He could not be held accountable for breaking his ubiquitous pledge to never raise taxes on the bottom 98%
    He would not be the one cutting entitlements, it would be ‘out of his hands’
    He prefers to cut defense spending rather than social programs
    He can later ‘give back’ tax cuts to the Middle Class
    He can then call them the ‘Obama Tax Cuts’
    He can blame those damn ‘Obstructionist Republicans’ for the next recesion

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