ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Friday, December 10, 2010
Politics gets in the way of progress
President Obama has worked with Republicans to pass a new tax deal that will set tax rates on the wealthiest, something that Democrats are not happy with. This is playing into the thought that there are things going wrong and unsmoothly between the Democratic party. Republicans seem to be in favor of the new deal, and Obama, working on progress through bipartisanship seems to be less productive than before- and its within his own party that he is getting stuck.
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Ultimately, I think the Democratic party will make some noise over the deal but will allow the deal to pass the House and Senate. Interestingly, former President Bill Clinton - after a meeting with President Obama - stopped by the White House Briefing Room to make clear that he supported the deal and that Democrats should get behind it.
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