Bill Clinton Disagrees with Obama Tax Plan
President Obama is already in a tough situation as it regards his re-election chances, but now Bill Clinton is saying his ideas just aren't that good.
If you take a moment to try to figure out who the greatest Democratic president over the last 40 years was, it doesn't take long to settle on Bill Clinton. Though the field is overwhelmingly weak, Clinton would stand out even in a crowd of successful Democrats. But the big guy has just struck a blow against the leader of his erstwhile party, indicating that he things President Obama's big taxation plan is a really, really bad idea. Not that Clinton is president anymore, but perhaps Obama should be listening.
Noted Clinton recently in an interview, "I don't believe we ought to be raising taxes or cutting spending until we get this economy off the ground. If we cut government spending, which I normally would be very inclined to do when the deficit's this big, with interest rates already near zero you can't get the benefits out of it." Clinton added, "The speech was $250 billion in tax cuts, $250 billion in spending over a period of two to three years. It focuses on a rather innovative set of payroll tax cuts and incentives to hire people."
What's clear from all this is that Obama's already-rough road just got a bit tougher. When luminaries of Clinton's ilk say your ideas are bad, it doesn't take much to topple the whole apple cart, and the president is looking particularly vulnerable as even mainstream media outlets are catching on to the fact that he's been terribly disingenuous of late - with his new "jobs plan" being nothing more than another round of stimulus exactly like the kinds that failed in 2009 and his new "fair share" tax plan being seen for exactly what it is, i.e. - an attempt at class warfare that would pander to his far-left base and hopefully (for Obama, anyway) get him re-elected in 2012. Increasingly, as Clinton and likely others in the near future come out against Obama, that is looking less and less likely.
Noted Clinton recently in an interview, "I don't believe we ought to be raising taxes or cutting spending until we get this economy off the ground. If we cut government spending, which I normally would be very inclined to do when the deficit's this big, with interest rates already near zero you can't get the benefits out of it." Clinton added, "The speech was $250 billion in tax cuts, $250 billion in spending over a period of two to three years. It focuses on a rather innovative set of payroll tax cuts and incentives to hire people."
What's clear from all this is that Obama's already-rough road just got a bit tougher. When luminaries of Clinton's ilk say your ideas are bad, it doesn't take much to topple the whole apple cart, and the president is looking particularly vulnerable as even mainstream media outlets are catching on to the fact that he's been terribly disingenuous of late - with his new "jobs plan" being nothing more than another round of stimulus exactly like the kinds that failed in 2009 and his new "fair share" tax plan being seen for exactly what it is, i.e. - an attempt at class warfare that would pander to his far-left base and hopefully (for Obama, anyway) get him re-elected in 2012. Increasingly, as Clinton and likely others in the near future come out against Obama, that is looking less and less likely.
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