I Do Not Understand
President Obama put together a hell of a team in 2007 and 08 to win, first, a primary fight against a tough opponent and then win the Presidential election in November.
Then, this past year he put together a better team that, with a more comprehensive strategy, beat the Republican challenger.
In the election on 6 Nov, Obama won a solid victory. And the Dems increased their margin in the Senate and picked up seats in the House.
But somewhere along the line, I do not see him or his team negotiating with the Republicans like a progressive/liberal.
One cannot begin to negotiate with the starting position being what you want to end up with. The old Clinton rates for the highest income earners was 39.5%. You can’t start there.
The President should have said,
” We need to raise more money to help reduce the deficit. I will not raise taxes on the middle class. When the country had a lower unemployment rate and the marginal rates were higher than they are now, we had enough money to begin a space program that put a man on the moon. I do not intend to suggest or propose a 91% tax rate. My proposal is to raise the top marginal tax rate for people making over $250,000 to 50%.”
Of course the Repubs and Wall Street will howl.
But it is a starting point. It is a tactic, a tool. Everyone knows that the top marginal tax rate will be in the lower forties, but you have to start higher than you are willing to settle for.