Liberal (but farm state) Senator Tom Harkin has expressed the irritation and dismay that many feel on the subject of Obama's waffling on the extension of the Bush regime's tax cuts for millionaires and billionaires. At a time when we should be sharply increasing taxes on trust fund babies like Paris Hilton as well as members of the Sneering Plutocracy, the very idea that tax cuts should be extended for these parasites FOR A MOMENT is such a transcendentally disgusting concept that Ned's head hurts with any attempt to focus on it. Of course the Republican lickspittles argue that the Plutocracy needs "certainty." Well, Ned would give them certainty in the form of increased IRS auditing of returns, in fact Ned would order auditing of all returns with gross incomes over $500k.
Ned predicts that if Obama caves in to the Republicans and agrees to renew these billionaire tax giveaways in the face of 10% unemployment and $12000 a year family health care costs (as reported by the LA Times), that he will face a serious and potentially devastating, and well-deserved, challenge in the 2012 primaries which will either result in a weakened Democratic Party and thus a Republican presidency in 2012 (1980 redux), or a serious third-party candidacy like Michael Bloomberg, or a new Democratic candidate in 2012. How Obama can let these Republican creatures get away with their soaring mendacity speaks to his apparent befuddlement at the task he faces. [On top of that, he flies around the world to visit Afghanistan while his own party and constituency is collapsing around him. And he seems intent on throwing away more trillions of borrowed money in an apparent attempt to degrade or bomb the Arab world back into the arms of the 7th century.]
In either case, Obama will be a one-term failure and good riddance.
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