Obama Gets His Tax Deal, Reanimating Reaganomics

[niceypoo]

By John Nichols

Supply-side economics prevailed—at least politically—late Thursday, as the US House grudgingly approved President Obama's deal with congressional Republicans to extend Bush-era tax cuts for billionaires, creates broad estate-tax exemptions for millionaires and shapes economic policies based on tax cuts rather smart investment in job-creating infrastructure projects, schools and an engaged public sector.

...

What was the price?

“This basically concedes the argument to the supply-side Republican failed economic policies,” explained Oregon Democrat. Peter DeFazio, a prime mover in efforts to block the bill's tax cuts for the wealthy.

http://www.thenation.com/blog/157179/obama-gets-his-tax-deal-reanimating-reaganomics

[msongs]

1. republican presidents stick together nt

[WHEN CRABS ROAR]

2. Thanks Peter for voting with your heart and mind, proud to

call you my Congressman.

[Skink]

3. Clinton was the best republican but Obama will be revered.

No longer will we here about Reagan democrats.