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  1. Obama flacks admit proposed higher taxes would be a drag on economy so to offset their tax increase they want a stimulus…The government after taking your money needs to mitigate the loss of economic output from doing so by spending it on their cronies.

    Why Obama is pushing for stimulus in ‘fiscal cliff’ deal

    The argument in favor of such stimulus? The tax measures, at least, could minimize the drag on the economy from Mr. Obama’s proposed tax increases on the wealthy.

    “The increases in the top two income tax brackets would put a drag on consumption, so I think, from the Obama point of view, the spending or tax cuts are designed to offset that drag to consumption,” says Michael Brown, an economist at Wells Fargo Securities in Charlotte, N.C.

    Rubegoldbergian economics – populist liberal economic pretzel logic OR transparency in legalized politically corrupt activities. Can the liberal elites express any more clearly that you don’t how to spend your money better than they can?

    Comment by dscott — December 2, 2012 @ 10:15 am

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