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Rather than hand the baton to the House or the Senate, he should carry it across the line by himself. He should make a bold decision and accept the responsibility for doing so. He should let the Democrats and Republicans in the Congress debate the issue of the Bush taxcuts for however long they wish and when they send the bill to him to sign, he should veto it and send it back to the House with directions. Send me a bill without taxcuts for the millionaires and billionaires and I will sign it.
That is how bold the President needs to be. He should not be looking for compromise on this issue. He should be leading in defeating it. The truth of the matter is that it should never have been passed in the first place. Now, they want us to believe the economy is so fragile that we cannot raise the taxcuts 2 or 3%, as it was at the end of the Clinton years.
But the most important reason is that the taxcuts did not work. Less jobs were created in this decade than any decade of modern memory. The major thing the taxcuts accomplished was to drive up debt by $4 trillion dollars in this decade. Jobs did not grow. They got into the stock market and foreign labor markets with their taxcuts.
It's time for the President to take the bull by the horn, in my not so humble opinion.
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