Next time someone tells you that 95% of Americans will get tax cuts under Barack Obama, consider it your civic duty to respond with a slap upside the head. That should snap them out of it. Or just quote Barney Frank:
Frank also said the post-election stimulus package will focus on spending for building projects, extending unemployment benefits, and further supporting states' healthcare costs. "We'll have to raise taxes ultimately," Frank said. "Not now, but eventually."
Surely by "eventually" Frank must mean sometime far off, when everyone has forgotten Obama's talk of cutting taxes, right? Not so much.
Frank told the Standard-Times that if Democrats cannot secure the votes they need in November, they will try again in January, when they will likely have stronger majorities in the House and Senate.
Note that they will try to raise taxes in November. Interesting that they wait until just after the election to try that one. But he knows that President Bush will veto any tax increase, so he expects it to fail. So instead he is willing to wait all the way until January, when President Obama would take office. Hmmm. Amazing how he seems so sure that Obama will not veto any tax increase.
You know that one party has complete ownership of the hearts and minds of the media when Bahney is so willing to openly flout Obama's campaign promises.
So in summary, Fwank, already being largely responsible for the current housing crisis, plans to fix the economy by raising taxes. And he knows that his fix is just fine with Obama and his fellow Dems.
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