The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
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- Remember this Obama Campaign Ad?
Remember this Obama Campaign Ad?
Today at the townhall in New Hampshire on health care, President Obama said this:
But let's face it, now is the hard part -- because the history is clear -- every time we come close to passing health insurance reform, the special interests fight back with everything they've got. They use their influence. They use their political allies to scare and mislead the American people. They start running ads. This is what they always do.
Actually, Mr. President, this is what both sides do, you included.
(Factcheck.org said the claims were false.)
Well now the tables have turned and the critics of Democratic health care reform proposals are scaring seniors with similar ads.
It's true that the current state of the health care debate is filled with a lot of misinformation from the opponents of health care reform. (On the bright side, maybe the American political debate is getting a little more sophisticated since we are talking about an actual issue as opposed to birth certificates.) But when you look at how Obama and his supporters (especially the labor unions) produced misleading attack after misleading attack on Sen. McCain's health care reform last year, there's a sweet irony in watching the opponents of Sen. Obama's health care agenda attack it with almost identical half-truths and scare tactics.
If ads like these trying to scare seniors are run every time some change is proposed to Medicare and they work, the federal government is either going to bankrupt itself or be forced to engage in very excessive taxation down the road.
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