Read my lips: no more tax cuts for billionaires. Oh wait, there is one more.
It may well be, in fact, even likely that the recovery happens anyway regardless of political manipulations in Congress. The tripling of the money base by the unelected president, Ben Bernanke, amounts to a 30 trillion dollar stimulus, which would rejuvenate even a cadaver. And Obama is right when he says that middle-class taxes will not go up (aside from the inflation tax, to be sure). However, this is not what was promised. The promise was to end the tax cuts for the top 2%. So what should one make of this tax deal? I thought it over (for about 1 second ;) and came up with this incredible conclusion: he just lied.