Tuesday, March 27, 2012

If this is his "smart" diplomacy, what is his "smart" economic policy

You might have heard that President Obama was caught telling the Russians that he would be able to pursue a missile defense policy that is more to their liking after he is reelected:
“On all these issues, but particularly missile defense, this, this can be solved but it’s important for him to give me space,” Obama said, referring to newly elected Russian President Vladimir Putin.
“This is my last election. After my election I have more flexibility,” Obama said.
Our allies, the Poles, are "rattled", to say the least: Were they trading Poland?

If you were wondering what the President might have up his sleeve if he gets "more flexibility" with economic policy, James Pethokoukis suggests that it might look something like what the Congressional Progressive Caucus is proposing: Obama’s 2nd-term agenda? House Dems propose raising taxes by 40%, including on middle class. The article also has a useful comparison of six different budget plans that are out there.