Obama Blinks on Taxes

Already the terrible economic climate is changing Obamanomics.

By SHARE

It now looks like Obama will not propose raising taxes next year, instead waiting for the end-of-2010 expiration of the 2001 and 2003 tax cuts. I guess this means he believes, on some level, that raising taxes hurts economic growth. So I guess it really was about "fairness" all along. I think every economic initiative for years to come will be graded according to whether or not it boost the economy .  Go long "growth," go short "fairness."