An op ed in yesterday's Wall Street Journal. Reich offers what appears to be a vigorous defense the Administration's plans.
Alright class, here's your assignment: Look at President Obama's budget proposal, spending freeze, jobs bill, stimulus, tax hikes on upper-income individuals, and proposed deficit commission. Also take a look at the fees he wants to impose on the biggest banks, and his proposed regulations of Wall Street. Look at his stalled trade agenda. Now, explain the big picture.
If you're about to write "more taxes and more spending," you're either not thinking hard enough or you're a Republican running for office this November.
After reading the whole 18 paragraph essay, that's exactly what I am thinking. Anyone who can disabuse me of the "more taxes and more spending" notion, please leave a comment explaining.
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