from LK on October 30th:

“Obama wants to increase taxes on the top 5% of American earners. And if he’s elected, dollars to donuts says he’s going to delay that as long as we’re mired in the economic quicksand. He can’t change his position now, because middle class America needs a villain (the top 5%) as part of the incentive to vote for him.”

from LK on November 19th:

“If President-elect Obama wants to pick up the reins that W dropped, he’d announce that he plans to temporarily postpone the tax hikes he promised for the top 5% of American earners. Let the left of left wing bloggers howl all they want. He’ll be lauded for acknowledging that these extraordinarily dire economic times call for nimble and flexible thinking.”

and from today’s New York Times:

“In light of the downturn, Mr. Obama is also said to be reconsidering a key campaign pledge: his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he might instead let those tax cuts expire as scheduled in 2011, effectively delaying any tax increase while he gives his stimulus plan a chance to work.”

editor’s outro note: a bit more than a bit prescient, if you ask us. Enjoy what’s left of the weekend.