Tags: obama | taxes | democrats | dick | morris

Dick Morris: Obama's Tax Lead Means 'Economic Disaster'

Wednesday, 12 Dec 2012 11:11 PM

By Newsmax Wires

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President Obama’s supposed mandate to cow the Republicans into raising taxes may end up being his undoing says best-selling political analyst Dick Morris.

Why? Morris writes in The Hill that Obama will “lose the fig leaf he uses to disguise his true intentions. Until now, taxing the rich has been his answer to everything.”
But what happens after taxes are raised? Obama may actually have to govern, Morris writes.

“…Once he does tax the rich more, he is out of answers. Then his big spending, deficits and borrowing are exposed for all to see,” Morris continues. Obama would likely be poor at the “triangulation” strategy used so brilliantly by former President Bill Clinton.

Alert: Vote: Should Taxes Be Raised or Cut?

“Triangulation involves stripping away the fig leaf your political opponents use to disguise their true intentions,” says Morris, who advised Clinton. “In 1995-6, the Gingrich Republicans wanted to cut Medicare but couldn’t say so. Instead they said they wanted to balance the budget. But once Clinton proposed a way to achieve balance without cutting Medicare, they had no place to hide and their agenda was exposed.

“Obama wants to increase spending, increase borrowing and raise taxes on the middle class and the rich. But he hides behind the rhetoric of taxing the rich. Once he gets his way, he can hide no more.

“The full scope of Obama’s financial goals is gradually becoming apparent, and it is truly terrifying. His request for $1.6 trillion of new taxes goes far beyond the simple increase of tax rates on upper-income taxpayers. It presages a far broader tax increase hitting far more deeply into the middle class than he has thus far admitted,” Morris writes.

Victory could ultimately prove the undoing of the Democratic Party, he concludes, as an economic free-for-all results from the rampant spending likely to follow a tax increase.

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