Monday, November 26, 2012
Disagreeing With Obama Can Ruin Christmas, Says White House Report
Daily Caller -- Any Republican refusal to accept President Barack Obama’s fiscal plan may ruin Christmas for the nation’s retailers, the White House claimed in a report released Monday morning.
“The National Retail Federation is forecasting that holiday sales will grow 4.1 percent this year … [but] if Congress does not act on the President’s plan to extend tax cuts for the middle-class, it will be risking one of the key contributors to growth and jobs in our economy at the most important time of the year for retail stores,” says the report, which was prepared by the Obama White House’s National Economic Council and the president’s Council of Economic Advisers.
“The holiday season is no time to threaten middle-class pocketbooks,” urges the report, titled “The Middle-Class Tax Cuts’ Impact On Consumer Spending & Retailers.”
Blog author's comments - The only thing this administration can do to spur Christmas sales is a mass resignation. That would spread joy around much of the country. Christmas really means nothing to them anyway, they're just looking for an excuse to blame the Republican Party for the stagnant economy and recession, which we've never come out of and won't...not as long as Obama is the president.
Obama is using the extension of the Bush tax cuts to force the rest of his fiscal plan, whatever he decides that will be, on the Republican Party. If anyone believes only the wealthy are going to be hit by what's coming, think again. The fiscal cliff is going to drag everyone else down with it. But now, it's pass my plan or Republicans will ruin Christmas. What is difficult to understand is that the majority of voters supported him and believes what he says.