Yesterday, I read somewhere, that some Democrats were whispering about intervening to prop up housing prices if housing prices continue to decline. But now I can’t find that story! And how would they do this anyway?
Robert Rubin is the Democrat who’s talking about raising taxes. But he’s not elected to anything. Besides, he’s filthy rich, so why would he care if the Democrats raised income taxes? On the other hand, I don’t see how the Democrats could raise income taxes on the middle class, since so much of the middle class is drowning in debt. It would be a really mean thing do to. No, the Dems will wait until 2008 when they have a Democrat president to really get their agenda going.
