According to the FT as regarding Peter Orszag's resignation:
In particular, he has collided with the political team, led by Rahm Emanuel, Mr Obama’s chief of staff, over Mr Obama’s 2008 election pledge not to raise taxes on any households earning less than $250,000 a year – a category that covers more than 98 per cent of Americans.
I remember that promise. Do you? Here's a reminder.
Obama, for his part is calling Orszag a 'propeller-head' because he uses spreadsheets and math. Oh man. People who can do math are the enemies of Obama whose calculations of strictly of the political sort. I saw Obama's Tax Lie coming in October of 2008 when I found somebody else who did the math.
And there were others, like Viard, Brill and Brooks.We all knew that Obama was going to soak the rich, but that kind of splashing is going to trickle down, and we'll all end up underwater.
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