Is Obama Reading My Blog?

Is Obama Reading My Blog?

Well hardly. I think I have about a half-dozen serious readers, a few dozens every-so-often readers and then another few dozens occasionally-but-infrequently readers. I write because I enjoy doing it and hope occasionally I’ll say something that clarifies things for people or alerts them to ideas that are helpful or otherwise have an appeal.

Back to the headline. I argued that Barrack should give the tax cut he promised to those earning under $200,000, even though it is not an efficient way of stimulating the economy, since many will pay off their bills (this is tantamount to saving the money) or save for a rainy day. But a promise is a promise.

But I thought Barrack should not increase the taxes on the $250,000 + group, since the tax law enacted in 2001 automatically raised the rates back to what they were, in 2011 (I mistakenly thought it was 2010). It would avoid an unnecessary political wrangle.

Today’s headline story, in the Times, indicates (it appears) that he will simply let the cuts for the wealthy expire in 2011. My thoughts indeed.