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commentary on Politics and a little bit of everything else

The Dow closes @ 9,899.25……

From the Wall Street Journal…..

That is more than 1,400 points below it’s high point in the last 12 months……

52 Week High 11,308.95    4/26/10

52 Week Low 8,057.57      7/10/09

June 9, 2010 Posted by | Media, Open thread, PoliticalDog Calls, Politics, Polls, Projections, The Economy, Updates | , , | 3 Comments

President is talking about taxes for the under $250,000 crowd?

One way to not get re-elected is to piss the middle class off….Republicans and  Democrats…….

If this Daily New Story is true..

President Obama is walking into a minefield …..with a blindfold…. in clown shoes…….

President Barack Obama now says he's 'agnostic' about possibily hiking taxes beyond his campaign pledge.

– President Obama says he is now “agnostic” about raising taxes on households making under $250,000 a year to help cut budget deficits, signaling a possible retreat from a campaign pledge.

In an interview with Bloomberg BusinessWeek on newsstands tomorrow, Obama said a presidential budget commission needs to look at all options for deficit reduction – including tax increases and cuts in spending on such programs as Social Security and Medicare.

“The whole point of it is to make sure that all ideas are on the table,” Obama said. “So what I want to do is to be completely agnostic, in terms of solutions.”

Obama repeatedly vowed during the 2008 campaign to spare households earning less than $250,000 a year from tax increases.

When top economic officials last August suggested going back on the pledge, White House press secretary Robert Gibbs quickly reiterated the promise.

Note:…..At the time of this post….this was not mentioned anywhere else in the media……

February 11, 2010 Posted by | Breaking News, Counterpoints, Government, Media, Men, Other Things, PoliticalDog Calls, Politics, Taxes, The Economy, Updates | , , , | 7 Comments