David Cay Johnston said that the Tax bill will hurt the lowest wage earners.  They are losing child credit allowance but gaining in the 2% cut in their Payroll tax.  It amounts to a net loss for them of about $400 a year.

Stick it to the working poor.

What’s more important to them is the loss of revenue to Social Security by the 2% cut.  It threatens the survival of that program.

The 20 CEOs can talk double-talk.  They are not elected by the voters, so two of them Cote of Honeywell and Brown of Motorola came on PBS and said we have to raise taxes (on the working poor, I assume) and cut the entitlements (Social Scurity and Medicare) to save their economy and their livelihood.

I wanted someone to ask Brown why Motorola was such a miserably run company in 2007, 2008, 2009, and 2010.  They couldn’t get their heads out of their asses to compete with others.  They were clobbered.

Anyone? 

As a matter of fact, Anyone But Bumptious for President in 2012.

Nader for President in 2012!  It’s the only way…if it’s not already too late.

From where I’m sitting, it looks like he’s figured out the voting public to a tee. I’ve been watching their exploits for several decades now, and have determined that at least fifty percent of them are dumb as a sack of hammers. I’m not real sure the rest can tie their own shoes without help. Fifty-nine million American Idiots were convinced to vote for that lying worm George W. Bush—-the second time! What else needs to be said? Bring on the flannelboard.

Re: By the worm, December 14 at 1:41 am

the worm wrote:
“I am a Democrat and believe strongly we should drop Obama from the ticket in 2012. “
—————————————————————————-

That will not be enough. The DLC council’s hold on the Democratic party has to be broken. That is the Clintons, Rahm Emanuel, Axel Rod etc etc have to be removed from the leadership positions in the party.
Those characters are 100%  for only servng the interests of the Corporate/Finance elites and forgot completely the real principles of the Democratic party which are to serve the common people.
A REAL progressives have to step in for the leadership positions in the party and select REAL progressive candidates.
Is that doable?? I doubt it.!

(D) Goolsbee will surely have a comfortable retirement.

That, and an apparent lack of conscience allows Goolsbee to smugly and slyly help the corporate (R) & (D) party persuade low-income wage earners that payroll taxes aren’t necessary; hoping they’ll happily profligate spend their (D) gifted “tax cut” now on lots of cheap disposable stuff… and never realize that they were (D) fucked out of their Social Security.

If it deceives, it’s a Democrat. That’s what **REAL** progressive Democrats do.

Every election provides positive proof that the liberals who are not consummately evil are dumber than cows.

Just remember trickle down works for dogs and fireplugs, those into golden
showers, and drunks and urinals.

The Republicans won in November, remember? Obama can’t do anything because
he doesn’t have the votes. Blame the people, not the president. Tax cuts are what
the people want.

The Republicans won in November, remember? Obama can’t do anything because
he doesn’t have the votes. Blame the people, not the president.

I am a Democrat. blog entrieblo Here’s Obama’s track record to date:

First: The two biggest areas where the voters wanted ‘change’ were in the Bush
economy and the Bush ‘war on terror’. Obama kept the Bush advisors in both
areas, continued and accelerated the Bush bailouts and continued and
expanded the ‘war on terror’. These decisions should have clued us something
was a miss - we’d bought a pig in a poke.

Second: Health Care - The American people wanted a government administered
plan like Medicare - for everyone. (72% - CBS/New York Times poll June 2009)
In back room deals, Obama promoted Bob Dole’s 1980s private sector-based
plan, effectively adding 15-18% to the cost of health care. Democrats,
Independents and thoughtful Republicans opposed the plan. Obama lost more
of the middle class.

Third: Financial Reform - Most Americans opposed the bailouts, opposed the
use of tax money to cover the private sector’s loses and opposed the expansion
to over $3,400,000,000 (trillion). Obama lost more of the middle class -
Independents, Democrats and thoughtful Republicans.

Fourth: The ‘compromise’ - the current ‘tax compromise’ on the Bush tax cuts.
Again, we are back at the top….Obama has kept Bush-era advisors throughout
his administration. Once more, Obama has lost liberals, Democrats,
Independents and thoughtful Republicans.

It seems clear that Obama and the Congress make decisions based on who paid
for them get elected, not based on what is best for the nation.

The consequence is Obama has lost support from all ‘segments’, and he will
continue to lose, because his decisions feather the nests of very few and harm
many.

No matter what Obama does, he will painted in 2012 as ‘not going far enough’
and will be defeated (neither liberals, nor independents nor thoughtful
Republicans will vote for him - he will be presumed a loser and will not get
45% of the vote).

I am a Democrat and believe strongly we should drop Obama from the ticket in
2012.

These are not the ravings of a looney liberal; im 65, self-employed, earn over
$100,000 / year, listen to and read NYT, Wall Street Journal, Financial Times,
plus the ‘blogosphere’, hold an MBA and support Democratic candidates with
money and time.

You can look at Obama’s track record and see clearly that he is not a Democrat.
He needs to run on the Republican ticket (Im sure he’d do well), and we need a
Democrat to run on the Democratic ticket (whether we do well right off or not,
we need to run with and act on traditional Democratic principles.

Why didn’t they try to pass this before the elections and make it an election issue?  Why wasn’t it hammered repeatedly that Republicans are liars who really want to raise the deficit?  Why was the fight given up without a fight?  Do you really think that in two years it the tax cuts for the wealthiest will end? 

This guy says Obama doesn’t think they should be extended in two years, but he has virtually guaranteed it will be a major issue of the election.  Republicans will hammer over and over that Obama wants to raise taxes.  People will be scared again by the socialist boogieman.  He didn’t want this increase (supposedly) and look how good that turned out, it just fills me with confidence that it will happen in two years with a Republican controlled house, and (who are we kidding) Senate.  Bottom line, this is just a bunch of BS to sell us on a tax plan that will not help the economy and will make permanent the tax cuts for the wealthiest.