Obama extends tax cuts for everyone including the wealthiest. Simple question- Was it the right thing for him to do?

  • silverfox

    Posts: 3178

    Dec 06, 2010 11:49 PM GMT
    Listen up Real Jockers. This thread is not about whether it was a smart political move, whether it was good for Democrats, or good for Republicans.

    I simply want to know .....if you listened to his speech-
    do you think this was the right thing to do for America?


    I am sitting down to eat dinner....will share my thoughts soon. But wanted to get the dialogue rolling.....

    What DO YOU think?
  • Posted by a hidden member.
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    Dec 07, 2010 7:17 AM GMT
    No. If the Dems can´t be solid on this then exactly what do they stand for?
  • Posted by a hidden member.
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    Dec 07, 2010 7:18 AM GMT
    Lostboy saidNo. If the Dems can´t be solid on this then exactly what do they stand for?
    Nothing.
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    Dec 07, 2010 9:10 AM GMT
    At its very best: As an act of compromise it could well help to prevent a recurrence of the many recent periods of partisan deadlock of American government, which have been left American politics verging on being incapable of solving the large problems our society faces. This presupposes, of course, that all actors are indeed in good faith. It is highly unlikely [according to the CBO] to do much good for unemployment; the associated extension of unemployment benefits, and one-year cut in the payroll tax are, [according to the CBO] more likely to have a useful effect on the economy.

    At its worst: It is an extremely expensive, distraction from the bigger task of balancing the federal budget and reducing unemployment that will inevitably play a big role in 2012. It does nothing at all for unemployment, while continuing to undermine the credibility of the government as fiscally responsible.

    Politically: It is a move that effectively blunts a great number of Republican criticisms of Mr Obama, and ought to guarantee the passage of the extremely important START treaty [which the Republicans had *insanely* looked as if they might scuttle] and perhaps the repeal of DADT. Mr Obama does not have a strong hand at the moment---but I think an infinitely worse move would have been to fail to make a compromise. In the meantime, the point could be made moot by a strong proposal for tax simplification before 2012. It is clear that the Republicans presently lack the intellectual gravitas to construct such a proposal---let us hope that Mr Obama has.
  • GQjock

    Posts: 11649

    Dec 07, 2010 10:53 AM GMT
    It's another compromise on a long disastrous line of compromises
    are those tax cuts going to expire after the "temporary" extension ends ?
    Of Course not

    The republicans will come up with another phony reason for extending them

    With the American people solidly behind him
    The majority in the House and the majority in the Senate
    He still compromised
    and that is sad
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    Dec 07, 2010 4:28 PM GMT
    A Compromise would have been to make a the cut off at around one Million dollars and up don't get continues tax breaks. Force the Republicans to show where their real allegience is, to big business, big money corps, not with the working public. Obama has the public on his side, caving is going to drive him right out of the running for the White House the second time around. Those tax payers of over a million will do very little to help the US economy, just as they didn't over the last ten years, wo why cave to republican demands, it only worsens our debt. I know of a lot of previous supporters of his who'd like to find him a spine !!!!