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Great! How much is the tax CUT?

Jim, we've been told by conservatives and economists that if Bush's tax cuts are allowed to expire that it would be absolutely devastaing to the economy. This is what has Obama spooked. As conservatives we can't on one hand say "OH, we HAVE to have Bush's tax rates extended! This is vital; otherwise it will be disaster for the economy!", and then turn around and say "Oh, it's no big deal" when we get those tax rates extended. Sure, I want tax cuts, but that is not what we were negotiating. The issue was whether we would have tax RAISES or not, and the GOP just scored an enormous victory over a democratic White House and liberal Congress. This is essentially a mouse making an elephant dance at its whim.

we've been told by conservatives and economists that if Bush's tax cuts are allowed to expire that it would be absolutely devastating to the economy.

I've heard this also. I think it was from Kudlow, or someone from Hoover Inst. on Bachelor. The "Filthy Rich" /s/ (and not so filthy rich who pay attention to their portfolio's), are all set to dump most of their stocks on the 12/15 if the tax rates revert to the pre-Bush numbers, resulting in a hugh crash.

If that scenario played out, Obama could blame the Republicans for the crash-(because he has the Bully Pulpit and the MSM would endlessly parrot his screed) and letting 2 million Americans suffer in the Christmas season with no unemployment dough.

A nice start to the year for the new Congress. /s/