Peter Orszag argues for Bush tax extension ‘compromise’

Peter Orszag, former OMB director for Team Obama, has written his first Times editorial, and it contains all you need to know about Peter Orszag.

Peter Orszag is now pimping for the richest 120,000 Americans. How do we know? See if you can find the flaw in this ointment (h/t First Read):

In the face of the dueling deficits, the best approach is a compromise: extend the tax cuts for two years and then end them altogether. Ideally only the middle-class tax cuts would be continued for now. Getting a deal in Congress, though, may require keeping the high-income tax cuts, too. And that would still be worth it.

Why does this combination make sense? The answer is that over the medium term, the tax cuts are simply not affordable. Yet no one wants to make an already stagnating jobs market worse over the next year or two, which is exactly what would happen if the cuts expire as planned.

Did you spot it? We just have to give more money to Jaime Dimon (and Pete Peterson and Richard Mellon Scaife), because … well … jobs!

Later in the article he equates all taxes with taxes on the rich:

Higher taxes now would crimp consumer spending[.]

Right out of the Movement Conservative playbook, whose plays he now seems to be running. All you need to know about Peter Orszag.

That playbook is classic, but very easy to read. HINT: Every time a Conservative says “jobs” — substitute “profit” and the comment will make perfect sense.

By the way, my guess is that Orszag will follow this up by repolishing his obfuscation (i.e., saying something Dem), so as to continue to appear unlike a rebranded Republican. My advice — keep him on your you’ve-been-made radar until you know for a fact he’s off it.

Peter Orszag, welcome to The List. Which list? Stealth Conservative activists, of course.


Gaius Publius is a professional writer living on the West Coast of the United States.

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