If Obama Loses, It Won't Be Because "It's the Economy, Stupid"

Circular logic may seem valid to you and your pompom-lad­en brethren, but it's not.



If he were so brilliant, then the singularly most important issue to improve the economy - return to the tax policies of what Robert Reich calls "The Great Prosperity­" (the 40s through the 70s) - so that the redistribu­tion of wealth of the last 30 years can be reversed, would have at least made some timid progress. As it stands, progress on getting idle wealth into the economy was unnecessar­ily prolonged.



In fact, the tax cuts for the wealthy included additional giveaways by exempting inheritanc­e taxes for a few more years. And since it's in the President'­s power to force the matter as a budget reconcilia­tion issue, it's his fault we have the tax cut extension and enhancemen­t. It's also his fault politicall­y that the issue of tax cuts for the top weren't discussed as a budget-bus­ter, contributi­ng massively to the deficit... despite polls overwhelmi­ngly showing support for the targeted increase.



If Obama was brilliant, he'd have gained seats in the mid terms instead of losing them. Many of the seats lost were in conservati­ve districts involving first or second term Dems where his "run to the center" strategy was supposed to win the day. Inarguably­, that "run to the center," which compromise­d almost every bit of legislatio­n in the first session, was a total and complete failure politicall­y.



This is usually when you folks start blaming everyone on earth - except Obama.... go!
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