It was just a matter of time before Obama made a statement rebutting the suggestion from Geithner that a tax increase on the middle class was imminent. Apparently, a matter of time means less than a day.
Today, President Obama’s press secretary Robert Gibbs was quick to clarify that statements made over the weekend by Geithner did not reflect the president’s plans. Gibbs said this afternoon:
The president was clear during the campaign about his commitment on not raising taxes on middle-class families. I don’t think any economist would believe that, in the environment that we’re in, that raising taxes on middle-class families would make any sense.
When asked about comments made by Geither, Gibbs said, “They allowed themselves to get into a little hypothetical back-and-forth.” By using “they”, Gibbs was also referring to comments made by Larry Summers, director of the National Economic Council, who said on Sunday that he couldn’t guarantee that the middle class would escape a tax hike.
Gibbs was suggesting what many of us thought: that Geithner and Summers (who are not elected officials and do not make law) were essentially admitting that there’s no plan.
Am I allowed to say I told you so? According to my brothers, I’m pretty good at it…