A Passing Thought on Obama, Socialism and the Tax Compromise
If Obama is really the socialist (if not Communist!) that he has been so often described to be by his political opponents (and, I will add, by commenters to this blog) then why is he willing to compromise on the tax cuts? Surely if he was a hardcore socialist his preference would be to allow the Bush tax cuts to lapse (and indeed, to be pushing for tax increases).
I will set aside the problematic formulation that would allow for top marginal rate of less than 40% to be hardcore socialism (let alone Communism!) and just leave the observation as is for the moment.