"Barack Obama won the great tax-cut showdown of 2010 --and House Democrats don't have a clue," he writes. "In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years."
He's also miffed at Republicans for going along with the president's compromise. "Some Republicans are crowing that Stimulus II is the Republican way--mostly tax cuts --rather than the Democrats' spending orgy of Stimulus I," he continues. "That's consolation? This just means that Republicans are two years too late. Stimulus II will still blow another near-$1 trillion hole in the budget."
What do you think? Are Democrats missing out on a sweet deal? Somewhat predictably, Krauthammer's counterpart Paul Krugman disagrees.
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John Hudson



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