President Obama has come out with a plan to rescue the economy from the terrible possibility of a double-dip recession and get our fiscal house back in order by raising taxes by $1.5 trillion on "the wealthy."

To be fair, the president has also proposed $1 trillion in savings by winding down the wars in Afghanistan and Iraq. You know, the wars that were winding down anyways. I'm surprised he didn't propose saving another trillion by cutting funding for the war in Vietnam while he was at it.

In other words, the tax hikes are real; the budget cuts are fake.

In other words, same ol', same ol'. Doesn't anyone remember when Sen. Harry Reid got laughed at during the debt hike negotiations when he tried the very same thing?

This wasn't a policy speech. The president doesn't really want this passed. It's a campaign speech. He's no longer governing (you could make a solid argument that he hasn't governed at all), he's running for re-election.