Five Overreactions to Obama’s Fiscal Cliff Proposal
Yesterday, the Obama administration unveiled its proposal to avert the looming fiscal showdown. The plan included $1.6 trillion in increased taxes on the rich over the next decade, $400 billion in savings to be found in Medicare and other social programs, $50 billion in stimulus spending to begin next year, and an end to current debt ceiling rules.
This proposal is not new. It reflects the very policies Obama not only put forth in 2011, as Kevin Drum noted, but also campaigned on extensively this year. They are the very policies that the American public voted for in November when they granted Obama another four years. Exit polling also showed that 60 percent of voters wanted to see income taxes increased for wealthy Americans.
However, these facts didn’t stop conservatives from acting as though Obama had proposed the “Kill All The Puppies Act of 2012″. Here are five overreactions to Obama’s plan:
Worse than surrender in the Civil War: Leading conservative commentator Charles Krauthammer likened Obama’s proposal to the terms of surrender offered to Confederates in the Civil War, only the president’s deal was worse. “It’s not just a bad deal, this is really an insulting deal… Robert E. Lee was offered easier terms at Appomattox and he lost the Civil War,” said Krauthammer.
Out of a fairytale: Writing in her Wall Street Journal column, Kimberley Strassel lambasted the plan as “something out of Wonderland and Oz combined.” She went on to argue that Obama wasn’t negotiating in good faith. “The most frightening aspect of the White House proposal is that it wasn’t an error.”