Politcs: Just A Thought.

We're now deep into the dog days of summer and everybody is entitled to crazy thoughts. Here's mine. President Obama has a problem with the economy and with the perception that he is anti-business and anti-growth. Many also consider him for more spending, bigger government and higher taxes. In the meantime the economy has taken a breather this summer, the President's poll numbers have tanked and Democrats are worried about getting re-elected. How does he get out of this jam?

Easy! He extends the Bush tax cuts for three years! That's right he doesn't repeal them by letting them expire in 2010 but has them expire in 2013, conveniently after the next presidential election. This is a win-win. There is no fiscal drag by higher taxes next year, perhaps it gives consumers and businesses a confidence boost so they start to hire more people and he can play to fiscal responsibility by giving a date certain when the taxes revert back to their 1990's brackets.

I would give this only a 50-50 chance of happening but one thing in its favor is that nobody ever discusses this exact option. If this little summer fantasy comes to fruition remember you read it here first!