Robert Reich, The President's Last Stand Is No Stand At All: .....

[Botany]

.... Why The Tax Deal Is An Abomination.

http://robertreich.org/


It will cost $900 billion over the next two years — larger than the bailout of Wall Street, GM, and
Chrysler put together, larger than the stimulus package, larger than anything that’s come out of
Washington in years.

snip

And for what?

Wealthy families won’t spend nearly as large a share of what they get out of this deal as will middle-class
and working-class families, so it doesn’t do much to stimulate the economy.

The deal further concentrates income and wealth in America — when it’s already more concentrated than
at any time in the last 80 years.

snip

It would have been a defining issue for the President to use to show whose side he’s on (the middle and working
class) and whose side the Republicans are on (not the middle and working class). And given that the House turns
over to Republicans in January, the President probably won’t have another chance like this one.

[donco6]

1. He's going to end up leading a Repub. coalition to pass this thing.

What's that tell you?

[Name removed]

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[ProSense]

2. "It will cost $900 billion over the next two years "

That is not the cost of the package. It's in the range of $200 billion, with the bulk of it going to the middle class.