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.









