Wow, I usually respect CNN Money but the out of context quotes by Penner alone doom this article. So sad.
Interesting how the article didn't mention that the total cost to the taxpayer for TARP will be $32 billion according to the CBO.
And, why not highlight this?
Obama, however, also signed into law measures that would raise the tax burden for some in the middle class.
Specifically, he made it more expensive to smoke and look mahvelous by approving a federal tobacco tax hike and a new 10% tanning tax.
He also reduced how much one can put into a tax-advantaged flexible spending plan at work and raised the bar on how much one needs to accrue in medical bills before being allowed to deduct any medical expenses.