teapartyeconomist.com / By Gary North / November 29, 2012
An Oklahoma Congressman gave an interview to a Reuters reporter. He said he would join with Obama on the tax hike on the rich. On the basis of this lone defector, Reuters ran this headline: Cracks surface in Republican unity on tax rates.
It could more accurately have said: Obscure Republican Congressman Commits Political Suicide.
The story got worldwide coverage in the liberal media.
The media love a battle, especially over peripheral issues. The “fiscal cliff” is an over-hyped marginal event. Social Security taxes are gong to go from 4.2% to 6.2%, on both workers and employers. There is no fight over this.
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