Tuesday, November 9, 2010
Prior to last Tuesday's election, Barack Obama insisted on implementing a job-killing $700 billion tax increase on small businesses during a recession...and was perfectly willing to have the Democrat party enact it unilaterally.
But now, with Republicans controlling the House, the president is showing a new spirit of compromise, saying that he's willing to accept a bipartisan job-killing $700 billion tax increase on small businesses during a recession.
Unfortunately for Mr. Obama, the Republicans aren't really buying his definition of "compromise," and are instead insisting that they will adamantly fight any tax increases for any Americans in this brutal economy.
The peevish president is insisting that if he can't squeeze another $700 billion out of the small business owners who would like to be hiring others, he'll be forced to borrow it from China (gasp!)...and he's quickly running out of daughters to use as collateral.
In mythology, "Ouroboros" was a snake or dragon who eats his own tail...and keeps eating until he vanishes completely. And this will be the path of the American economy as long as politicians increase unemployment by raising taxes on businesses in order to cope with rising expenses which come from unemployment.
That ugly cycle has got to come to an end. And thankfully, that's what the new wave of Republicans is giving Obama to chew on.