Originally Posted by ElasticNinja
I dont give a crap about his rhetoric. What I care about is economics and socioeconomic conditions in general. The first thing that should have happened when the recession hit should have been increasing taxes on these people to reduce it for the people who spend most of their income.
Broader economics aside my point about his rhetoric is that it is obvious his administration felt it was politically necessary to sell the tax increase as something targeted at the rich. Besides 250k wasn't just an opening bid, he specifically campaigned on 200k individual / 250k household for his reelection. Going for 120k would break a campaign promise.