Pres. Obama has effectively declared war on wealth, broadly and aggressively expanding the size and grab of government on private assets, in his new administration. A recessionary period is usually considered to be the worst possible time to raise taxes and expand government, but that is precisely what the new President is doing. This is an extremely risky strategy, effectively doubling down his bets on expanding government at the moment of greatest vulnerability for the U.S. economy.
Perhaps he senses that there is a backlash building, and so he wants to cash in on his political capital while he still has it, and before the backlash crushes the goodwill he has. Apparently, he doesn't care. He is more interested in his agenda of expanding the scope of government, than in effectuating an economic recovery that will bring jobs to the American people.
Perhaps he senses that there is a backlash building, and so he wants to cash in on his political capital while he still has it, and before the backlash crushes the goodwill he has. Apparently, he doesn't care. He is more interested in his agenda of expanding the scope of government, than in effectuating an economic recovery that will bring jobs to the American people.
