When the rich's tax cut extensions DO NOT deliver jobs, then absolutely Obama is responsible?
I am pessimistic that Bush's TAX CUTS will be more effective tomorrow than the have been these 10 long years of them being in effect.OBAMA HAS SET HIMSELF UP TO BE THE NEXT HERBERT HOOVER.
- 9 years agoFavorite Answer
On the skimmed surface, this may be what seems to be true, but dig a bit deeper before giving up on our President. On the whitehouse.gov site there is a "White Board" set up to explain what all the Republicans agreed to in order to get their extended (not PERMANENT, like they wanted) Bush tax cuts, and Peter Orszag, the Budget Director for the White House but also an award-winning economist, is the one who explains what all we got in exchange for the PARTIAL yield on the part of President Obama.
Today, as part of an end-run around the corporate-colluding GOP, President Obama is hosting a meeting and luncheon at the White House with more than 30 corporate CEOs...lol. There is more than one way to skin a cat (or hard-core right-wing elephant), remember. Some of these CEOs have been making record profits with the recovery but have held back on hiring...so the President is tweaking that a bit with a little "No Drama Obama" charm. He really is an expert at "juggling" all of the varied levels at once...an absolutely BRILLIANT MAN who is so far being underestimated by the media and the American people.
If Barack Obama was the typical politician type, I might agree with you on the whole "Herbert Hoover" malignment thing waiting in the election-cycle wings. He's not playing political games, however---he really means what he does and what he says. If a door closes on one project or policy that he truly believes in (as with the Republicans' filibuster of unemployment insurance), President Obama tries first to open that door, but then when all efforts fail he backs up, regroups, and comes at the issue from a totally different angle until he finally gets an opening that he was seeking. With this tax cut compromise, Americans of lower-income or middle-income will be getting a 2% reduction in their payroll taxes that can mean more than $1000 a year in take-home pay. The Earned Income Tax Credit which the GOP wants to end is intact. But I'm not an economist: Go to the whitehouse.gov website and click onto the White Board explanation, which is detailed and clear in its presentation. And keep the faith.
- tLv 69 years ago
This is the GOP plan. They want the tax cuts extended more than anything. They circulated the letter threatening to filibuster anything in the Senate until the tax cuts are extended so that a Democratic led Congress would pass the extension and a Democratic President would sign into law the extension. This was done by the Senate Republican Leader Mitch McConnell to keep his party's backside covered in case the extension fails to produce economic growth the GOP can blame Democrats. The GOP can say the Bush tax cuts were extended by a Democratic led Congress and a Democratic President and that it's their fault for passing this extension if they should fail. This is how politics works in Washington. It's all about winning elections not doing what is best for the country.
- coldfuseLv 79 years ago
Isn't this a tax cut extension for working Americans, too? In fact, aren't working Americans keeping more of their money than "the rich?"
FDR called Hoover a socialist. Perhaps Obama will be like Hoover, after all.
- Dave87gnLv 79 years ago
that why this is such a win/ win for the GOP.
the Bush tax cuts pass on the democrats watch..and in two years after they run up the debt and create no jobs...the GOP can bash Obama for his "out of control spending"
perfect deal the republicans made
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- NateLv 79 years ago
Wait so...the masses of republicans in congress that refused to let anything else pass unless those cuts were extended aren't at fault at all?