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After months and months of caving in to the rich and powerful, week after week of spitting on the base, the President has stepped up and announced that he will do something exactly the way we elected him to do it.
The New York Times reports that President Obama will not make a deal on the soon-to-expire Bush tax cuts for the very wealthy. The cuts are set to expire in 2011. Although the GOP has been trying to spin this expiration as some sort of tax increase by the Dems, that’s a simple bold-faced lie. The Dems need do nothing whatsoever and the tax cuts will expire all on their own because that’s the way Bushco designed them. Like the replicants in Blade Runner, the Bush tax cuts came with their own termination date and will die all on their own with no help or hindrance from Democrats.
What the Democrats will be doing at the president’s behest is extending tax cuts for the middle class. Tax cuts for the middle class will directly translate into spending. Tax cuts for the wealthy do not, because they already have excess capacity above what they spend on consumer goods.
Letting the tax cuts for the very rich expire is good politics and good policy.
We never hesitate to criticize dumb cave-ins to the rich, the too-big-to-fail, the rapacious (cough big Pharma, cough cough health insurance lobby) or the dangerous (helllloooooo offshore drilling!), so on one of those rare and glorious occasions when the White House is actually doing a seemingly unadulterated smart good thing, a note of approval is called for.
Now, Mr. President, you got this one right, do NOT mess this up by backtracking, waffling, second-guessing, or other such dumb sh*t. It would be f***ing retarded.
17 Comments
Do I detect some evidence of a spine? This would be a great thing for America. Thanks
This is how he’ll try to cover his ass with the base when he caves into the catfood commission and destroys Social Security.
This is something that should have been a given, not something we should applaud him for.
Ah, but the corporate media that controls our discourse will go after him on it, so he needs all the positive reinforcement he can get.
Amen!
Carrots and sticks. If we don’t tell him when he is doing something right, how will he figure it out?
Well, he could maybe read his 2008 stump speech and then look at the election results?
A Harvard education is apparently no guarantee of intelligence.
I’ll take the tax cut expiration at face value, hope Obama is sincere.
There are other items on the plate to worry about, and the cuts don’t stop until ’11.
Don’t know WHEN in ’11, or ’12 that the fat cats will have to PAY their new taxes, so THAT date is even further out.
But thanks Mz. Kouril for the update, and it’s GOOD to have some PR to be happy about. Rcc’d, always.
“Attack ships on fire off the shoulder of Orion.”
One of the greatest lines ever, in that great last delivery by Roy.
Masterful moment for all on the screen.
Great movie, still.
I no longer believe our Disaster Capitalist, Warmonger Babykiller President. He has lied about everything as he helps Peter Peterson steal our Social Security to pay for the never ending wars.
Obama does everything he can to help the war profiteers bankrupt the country and destroy the middle class. Obama has also done his best to destroy the Democratic Party even as the American people had voted to end the wars and corruption. Obama should not be trusted or believed about anything.
Here’s the current headline at HuffPo:
Yeah, I saw that, too. Definately not a good thing. But he did not rule out veto either. So, today a carrot, if needed later, a stick.
Well that lasted all of one day.
I only believe what I see Obama do; I believe nothing of what he says.
Just saying….
Like you I dont blv anything the man says. He is giving populist speeches now bcz his party is about to get wiped out in November and the only people that can save them is US.
The elections are coming up so obamarahma has to start back into campaign mode. He will be saying the things that got him elected, but he has no intention on following through. I don’t even understand what he is saying in the stephanopoulos piece; if the tax cuts are extended, then there is no money from obamarahma to spend.
I won’t move the football this time, Charlie Brown. I promise!
Yep Yep. Oh great and powerful Obama is the enemy here. Don’t look at Boener and Mcconnell behind the curtain.
He said he was gonna close Gitmo too.