Our Take: As campaigning for this year's presidential election is underway, President Obama's potential to have a lead over Mitt Romney is in question. The main issue that cuts Obama at the knees is his approach to mending the fallen economy. In this article, Thomas L. Friedman discusses Obama administration's attempts at creating new fiscal policy endorsed by Warren Buffet, its failures and what Obama should do to appear as a leader in the coming election.
Obama got Buffett to endorse the Buffett Rule a minimum tax rate of 30 percent for any individual who makes more than $1 million a year so that all millionaires have to pay a higher tax rate than their secretaries. The plan had no chance of passing, would have made only a small dent in the deficit and was rightly decried by experts as a gimmick that only diverted attention from what we really need: comprehensive tax reform that can substantially raise revenue in a fairer manner. The Buffett Rule has largely faded away.
What a waste of Warren Buffetts credibility.
Read more about Warren Buffett on The New York Times.
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Warren Buffett or not, Obama cannot fix the economy. This is because he refuses to deviate from left-wing principles.
The left refuses to acknowledge the irrefutable fact that no nation in the history of the world has ever taxed itself More..
To JCS: Eliminating all entitlement programs might get the support of 5% of the population. That means it isn't going to happen. Since they're not going away, we need to make them work for the next generation. That will mean both increased More..
Roloand,
What you post is just plain common sense. While it does not adhere to the Grover pledge and the wishful thinking of those on the right, there is just NO other workable solution to the problem.
So, the right continues More..