Oh This is RICH... Obama "Blackmailed" Into Extended Tax Cuts For All..

[Obama 2012 1,714]

Good. Extend them for all. Only mistake being made here is the extension of unemployment benefits and the idea that the cuts aren't going to be perm.

If these dimwits would learn to stop spending, they find that saving money bodes well. Of course the individual American knows this, but these criminals in Washington would rather steal from us and spend as they so desire...

----------

http://www.guardian.co.uk/world/2010/dec/06/barack-obama-bush-tax-cuts

Barack Obama is bowing to Republican demands to extend a deep tax cut for wealthier Americans, to the fury of some of the president's allies who say he has succumbed to "blackmail".

In a bruising political battle that appears to set the tone for Obama's dealings with the Republicans in Congress following their victories in last month's midterm elections, the president had sought to extend a tax cut for middle-class Americans introduced by the Bush administration seven years ago which expires at the end of this month. But he wanted to see a return to pre-cut rates for households with an income above $250,000 a year, on the grounds that wealthier Americans could afford to pay more. The move would generate trillions of dollars for the financially-strapped treasury over the next decade.

The Democratic leadership believed that provided the middle class was looked after, the Republicans would find it difficult to justify tax cuts for the wealthy. The House of Representatives, still controlled by Democrats until the new Congress is sworn in next month, passed Obama's plan by a clear majority last week. But Republicans blocked the legislation in the Senate at the weekend and said they would rather see everyone's taxes rise than agree to scrapping the cuts for the wealthy.

Some Democrats called on Obama to stand firm and let the Republicans carry the blame for the inevitable middle-class backlash. But leading Democrats say the president is backing down and has agreed to extend tax cuts for everyone. In return, the White House appears to have extracted an agreement to extend benefits for the long-term unemployed.

Today Obama said that his priority is to "prevent the middle-class tax increase" that would have come about if there was no agreement. "There's some serious debates that are still taking place. Republicans want to make permanent the tax cuts for the wealthiest Americans.

"I have argued that we can't afford it right now. But what I've also said, we have to find consensus here because a middle-class tax hike would be very tough not only on working families, it would also be a drag on our economy at this moment," he said. "We've got to make sure we're coming up with a solution, even if it's not 100% of what I want or what the Republicans want."

Leading Democrats did not hide their frustration at the president's backtracking. Senator John Kerry, the former presidential candidate, accused Republicans of holding the country hostage.

"They've said, 'No, we are willing to hold that hostage so that we can give the wealthiest people in the country a bonus tax cut'," he said.

The outgoing House speaker, Nancy Pelosi, is reported to have expressed deep unhappiness at the deal, saying the White House gave in too easily to Republican pressure. Richard Durbin, the second highest ranking Democrat in the Senate, said the agreement to extend the tax cuts for the wealthy was "against my judgment".

Paul Krugman, the Nobel economics prize winner, called on Obama to stand firm against the Republicans' "tax-cut blackmail" which will cost the US treasury $4 trillion in revenue over the next decade and prompt a "major fiscal crisis".

"If Democrats give in to the blackmailers now, they'll just face more demands in the future. As long as Republicans believe that Mr Obama will do anything to avoid short-term pain, they'll have every incentive to keep taking hostages. If the president will endanger America's fiscal future to avoid a tax increase, what will he give to avoid a government shutdown?" Krugman wrote in the New York Times.

But Larry Sabato, a political scientist at the University of Virginia, said that Obama had little choice but to make a deal.

"The Democrats generally haven't adjusted to the fact that they lost the election badly. That's fundamental and they haven't accepted it. Republicans designated maintaining tax cuts as their top priority," he said.

"The Republicans have pulled it off at the right moment. It's immediately after the election with two years to go before the next election. So the Republicans are getting to please their constituency which believes in that from top to bottom - not just the rich but their middle-class members - without suffering any real electoral consequences. That's why Obama caved. In the end, everybody's taxes would have gone up. Republicans would have held to this and blamed Obama."

Sabato said that the confrontation over taxes sets the tone for Obama's dealings with the Republican-controlled House of Representatives and an increasingly belligerent Republican leadership in the Senate next year.

"This is going to be a very inflexible Republican congress," he said. "I think this is a symptom of the weakness that was produced November 2 which in turn was a symptom of the weakness produced by a bad economy and Obama's decisions."

[ready4ONE 5,400]

The Democrats misunderstood how hard the Republicans are willing to fight for the wealthy their true patrons.

[Ban Hammer 13,474]

The Democrats misunderstood how hard the Republicans are willing to fight for the wealthy their true patrons.

on the bright side, we're seeing some of that bipartisan spirit

[Obama 2012 1,714]

The Democrats misunderstood how hard the Republicans are willing to fight for the wealthy their true patrons.

You have got to be joking.... The 'wealthy' support both parties, and has been studied before that more actually support Democrats, so don't put that ####### up there...

Of course, 'smart' individuals support whomever is in power as to coerce them to see things their way...

[Mr. Big Dog 10,747]

The Democrats misunderstood how hard the Republicans are willing to fight for the wealthy their true patrons.

In all honesty, Obama gave the tax cuts for the top 2% away before any negotiations ever started. He ought to be willing to stand ground and draw a line in the sand on something eventually. He's not doing that. He continues to let the GOP set the tone and he continues to let them frame the debate. It's a shame, really. He wasn't blackmailed into extending the tax cuts for all - he literally invited the GOP to blackmail him.

[Captain Oates 911]

I knew he was wimp the moment I set eyes on him

I am moving money into other currencies coz this one is set to go off a cliff

1% of Americans own more than 50% of the wealth in America

I have tried to beat em on behalf of 'ordinary people' but I can't - so stuff the 'middle class' - me and the rest of the top 1% will keep them as wage slaves

They don't deserve monetary freedom from their chains if they cant find a fighter

I will never believe another promise from him and neither will anyone else

Tax cuts for the rich

Afghanistan forever

50,000 troops in Iraq

Guantanamo still going

Don't ask don't tell stays

Health care mandatory with no public option

etc etc etc

He could not have done worse - so let the rich have everything, the other 99% are a failure and deserve economic slavery. Work until age 70 for peanuts and economic ruin if you get sick. Meanwhile your kids die and get maimed in the middle east. What a wimp man. What a failure.

[Obama 2012 1,714]

I knew he was wimp the moment I set eyes on him

I am moving money into other currencies coz this one is set to go off a cliff

1% of Americans own more than 50% of the wealth in America

I have tried to beat em on behalf of 'ordinary people' but I can't - so stuff the 'middle class' - me and the rest of the top 1% will keep them as wage slaves

They don't deserve monetary freedom from their chains if they cant find a fighter

I will never believe another promise from him and neither will anyone else

Tax cuts for the rich

Afghanistan forever

50,000 troops in Iraq

Guantanamo still going

Don't ask don't tell stays

Health care mandatory with no public option

etc etc etc

He could not have done worse - so let the rich have everything, the other 99% are a failure and deserve economic slavery. Work until age 70 for peanuts and economic ruin if you get sick. Meanwhile your kids die and get maimed in the middle east. What a wimp man. What a failure.

It took you this long to figure all of this out?

I knew all of this back in 2007...... of course, none of my friends listened to me back then...

I've got a few apologizing to me now

[Captain Oates 911]

It took you this long to figure all of this out?

I knew all of this back in 2007...... of course, none of my friends listened to me back then...

I've got a few apologizing to me now

all the Hispanics will desert him too - nothing on immigration !

I think he will have a Directorship at Halliburton waiting for him after 2012

Can you imagine the fall of 2012 when he stands up and says what he is going to do after that election ?

I think I will buy a spoiled tomato and rotten egg stand and sell em to the crowd

Oh well, I will send my campaign donations to the UK - they would be wasted here - even the bag ladies vote conservative and the turkeys vote for xmas and the prisoners donate to police charities

http://dictionary.reference.com/browse/No+one+ever+went+broke+underestimating+the+intelligence+of+the+American+people

.

[Danno 1,228]

I knew he was wimp the moment I set eyes on him

I am moving money into other currencies coz this one is set to go off a cliff

1% of Americans own more than 50% of the wealth in America

I have tried to beat em on behalf of 'ordinary people' but I can't - so stuff the 'middle class' - me and the rest of the top 1% will keep them as wage slaves

They don't deserve monetary freedom from their chains if they cant find a fighter

I will never believe another promise from him and neither will anyone else

Tax cuts for the rich

Afghanistan forever

50,000 troops in Iraq

Guantanamo still going

Don't ask don't tell stays

Health care mandatory with no public option

etc etc etc

He could not have done worse - so let the rich have everything, the other 99% are a failure and deserve economic slavery. Work until age 70 for peanuts and economic ruin if you get sick. Meanwhile your kids die and get maimed in the middle east. What a wimp man. What a failure.

In other words.... Just when Big Gov Liberal rule was nearly in your grasp.... it slips away?

It's painful I know.

[Pooky 3,825]

Paul Krugman, the Nobel economics prize winner, called on Obama to stand firm against the Republicans' "tax-cut blackmail" which will cost the US treasury $4 trillion in revenue over the next decade and prompt a "major fiscal crisis".

So, President Obama is stopping anywhere from $640 billion to $3.2 billion from being added to the deficit.

Krugman Fail.

[ready4ONE 5,400]

You have got to be joking.... The 'wealthy' support both parties, and has been studied before that more actually support Democrats, so don't put that ####### up there...

Of course, 'smart' individuals support whomever is in power as to coerce them to see things their way...

Which does and says nothing about why the Republicans demanded protection for the top two percent. Be very concerned about why is all I am saying. I apparently am now supposed to run my posts past you?

[scandal 951]

I apparently am now supposed to run my posts past you?

Of course. Didn't you know we have a ####### patrol here now?

[Captain Oates 911]

In other words.... Just when Big Gov Liberal rule was nearly in your grasp.... it slips away?

It's painful I know.

Don't get old, don't get sick, work hard for the top 1%

it's a rich man's game

no matter what they call it

and you spend your life

putting money in his wallet

Luckily I am a Soutpiel. I will get my voting card on Wednesday as I registered on Friday on the very first day of my citizenship and as my first act as such. If I could de-register I would because there is no way forward now.

It's eternal war and racism and wage slavery and social regression and fear of sickness and age from now on...

South Carolina and Wasilla should make it a Public Holiday.

[Ban Hammer 13,474]

I knew he was wimp the moment I set eyes on him

I am moving money into other currencies coz this one is set to go off a cliff

1% of Americans own more than 50% of the wealth in America

I have tried to beat em on behalf of 'ordinary people' but I can't - so stuff the 'middle class' - me and the rest of the top 1% will keep them as wage slaves

They don't deserve monetary freedom from their chains if they cant find a fighter

I will never believe another promise from him and neither will anyone else

Tax cuts for the rich

Afghanistan forever

50,000 troops in Iraq

Guantanamo still going

Don't ask don't tell stays

Health care mandatory with no public option

etc etc etc

He could not have done worse - so let the rich have everything, the other 99% are a failure and deserve economic slavery. Work until age 70 for peanuts and economic ruin if you get sick. Meanwhile your kids die and get maimed in the middle east. What a wimp man. What a failure.

apparently someone got the labels mixed up during the election mud slinging. obama is more bush than bush. maybe it was mccain who woulda been another jimmy carter.

[Captain Oates 911]

apparently someone got the labels mixed up during the election mud slinging. obama is more bush than bush. maybe it was mccain who woulda been another jimmy carter.

This is his webpage - I would vote for this..

http://www.mccain.co.uk/our-food/chips/oven-chips/why-its-good.aspx