Friday, July 15, 2011
Obamacare and errors by Obama lead to our current situation
If Obama had not lost the Massachusetts Senate race, largely because of Obamacare, he would have kept his filibuster-proof majority. Even failing that, he could have used the budget reconciliation process to get both an extension of the middle class tax cuts he wanted and a debt-ceiling increase if he hadn't had to quickly use up that year's reconciliation bill to get Obamacare passed. Even failing that he could have either let all the Bush tax cuts expire (taking a political hit) and made the Republicans waffle between re-enactment of a trillion dollar+ tax bill and credible deficit panic or used the renewal of the tax cuts to extort a debt-limit increase from the GOP. Failing all that, we have a political economic catastrophe on our hands.
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Politics
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