The what? The who? We thought the Elders of the Economy were a group of aliens from the original Battlestar Galatica, but no.
Turns out that this newly-revered group includes “Alan Greenspan, David Stockman, former budget director in the Reagan White House, and former Treasury Secretaries Robert Rubin and Paul O’Neil” and any other economist or banker who’s ever come out in favor of higher taxes.
According to CNN Money, “Former Federal Reserve chairman Alan Greenspan was first and has taken the most extreme position, arguing that all of the Bush tax cuts of 2001 and 2003 should be allowed to expire.”
Of course, everyone knows that the Obama administration doesn’t want to raise taxes. It’s just so alien (see the Battlestar Galactica connection?) to everything they believe in. “The White House and most Democrats have argued for keeping the taxes cuts in place for most households, but letting them expire for those earnings more than $250,000, about 2% of the country.”
Yes, the Democrats HATE to raise taxes, but if Alan Greenspan says they must, well, then they simply must. Because everyone knows that they worship the former head of the Fed and are obligated to obey his every pronouncement.
Of course, the guys that Democrats now call “Elders of the Economy” are the same guys they were calling “sons of bitches” not too long ago. But all they had to do was mention raising taxes and they were instantaneously transformed into heroes of the Democratic party.
As Starbuck might say, “It sure seems like the Obama administration is all fraked up”
Source: CNN.com
