Barack Obama to Delay a Tax Hike on the Rich

 President-elect Obama hasn’t said it out loud but his current position on taxes proves to us that John McCain was right about taxes. During the campaign John McCain continually said that raising taxes in an economic slowdown was a recipe for disaster even as president-elect Obama continued to promise to stick it to the rich to appease his far left base using class envy to incite jealousy among the American people.

 Now however it seems that president-elect Obama is changing his tune from campaign rhetoric to economic reality and he may be ready to suspend his tax increases on the rich for the very reasons that John McCain said these tax increases wouldn’t work.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

Obama’s economic advisers say he will not propose any tax increases in the economic plan he unveils in January. It is to be focused entirely on job creation and economic recovery.

 This begs the question, if raising taxes in a bad economy isn’t good for the economy how can raising taxes in a good economy be good for the economy? The answer is, it isn’t. Raising taxes is always bad for the economy. That was the point that John McCain feebly tried to make. When people keep more of their own money they spend more of their own money, it really isn’t hard to understand.

 So while I am happy that Obama appears as though he will not be raising taxes, at least for now, and I am happy that he has maybe seen the light and realizes that higher taxes are bad, I have to wonder how many of his supporters feel duped when they hear this news.

 Barack Obama’s campaign position on the economy was that Bush’s failed economic policies, including tax breaks for the richest Americans, was what was responsible for the economic crisis we now face. He promised to roll back the Bush tax cuts that supposedly put us in this bind. Now as president-elect he is willing to keep in place the same policies that he claimed put us in this mess in the first place? If rolling back the Bush tax cuts is now off the table because of the negative effect a tax increase would have on the economy than how can the Bush tax policy of lower taxes be responsible for the economic downturn? How stupid does he think that we are?

 So now while Barack Obama adopts the Republican philosophy of lower taxes for all one has to wonder if his supporters are happy about this. I know that I am, but I don’t begrudge anybody from making as much money as they can. But the far left does, and that is Obama’s base. He played the class envy card perfectly and was able to win the presidency doing it. Now that rhetoric meets reality it is a different story and Obama admits that he needs to stall his idea of sticking it to the rich for the good of the overall economy.

 All of the issues that I wrote about endlessly with Barack Obama’s past, his associations, his anti-second amendment stance and his pro-infanticide positions didn’t matter to the far left. None of it mattered. But this? His failure to stick it to the rich, that could be unforgivable to the left.

 Barack Obama’s shift to the center continues, the left can’t be happy.