Jewish mayor says that Obama should raise taxes

New York City Mayor Michael Bloomberg said that there is only one option for Barack Obama in the wake of the supercommitte’s failure: Announce he will veto any extension of the Bush-era tax cuts. “All the president has to do — and I’m not trying to hold him more responsible, but he is the chief executive, he was elected to lead this country — all he’s got to do is stand up and say, ‘I will veto any extension of any of the Bush-era tax cuts’,” Bloomberg said. “Everybody. Not just the rich, but everybody.” Bloomberg said that if Obama follows his advice, it would not only solve the country’s problem — it would also be the black Democrat's ticket to re-election.