Congratulations, billionaires! Looks like you'll be able to buy that new Caribbean island for your mistress after all!
The White House signaled Wednesday that President Barack Obama is ready to cut a deal on the Bush-era tax cuts — accepting a temporary extension of the cuts for the wealthiest Americans to win renewal of tax breaks for middle-class taxpayers…
But Obama’s top political adviser, David Axelrod, said Wednesday that the White House has to deal with "the world of what it takes to get this done" — a signal to Democrats that they don’t have the votes to kill the high-end tax cuts in the face of a new Republican House majority and resistance from Democratic moderates in the Senate.
"We have to deal with the world as we find it," Axelrod told the Huffington Post.
Man, this administration's catchphrases have gotten steadily less inspiring since 2008, haven't they? "We have to deal with the world as we find it!" sure is gonna be a tough chant to get started at the Democratic Convention in '12. Maybe, by then, they'll just change it to something simpler, like, "Eh, whatever…" or "What else are we gonna do?"
But, you know what, this isn't just Obama's failure. It's also the Tea Party's victory. Those common everyday good American people can really feel a sense of pride when they see a private jet flying way up in the sky over their heads. They can think, "It was my hard work that helped that guy get that jet I'm really making a difference."
Tags: Barack Obama, David Axelrod, Economy, Midterms, Money, Taxes, Tea Party