I've read estimates that a full repeal of the Bush tax cuts will reduce GDP by 2.5 to 3.5 percent. When GDP growth is struggling to stay above 1.5 percent, a repeal would mean a recession. Not that we aren't heading to a recession anyway. Month to month GDP growth has been declining for quite some time and the fundamentals aren't improving.
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"Offer them what they secretly want and they of course immediately become panic-stricken."