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Ear to the Ground

Obama: Tax-Cut Deal Helps the Middle Class

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Posted on Dec 17, 2010
whitehouse.gov

President Barack Obama attempts to win fans for his tax-cut plan during a speech at the White House on Wednesday.

In Internet-ese, one possible response to a couple of President Obama’s more intriguing justifications on Friday for the passing of the contentious tax-cut bill might be O RLY? This is because the president declared later that same day that the new law will “protect the middle class, grow our economy ... and create jobs for the American people.”

Meanwhile, Reuters characterized the enacted legislation as “a grab bag of goodies for investors, the affluent and workers, but the richer you are the more you get.”  —KA

USA Today:

Obama, who at one time also opposed tax cut extensions for the wealthy, said he had to accept things he didn’t like in order to avoid tax hikes for all Americans, many of whom are already struggling in a bad economy.

The agreement also includes items that Republicans don’t like, Obama said, and “that’s the nature of compromise.”

Obama stressed the items he negotiated into the bill, including a 13-month extension of unemployment benefits, as well as middle class tax cuts devoted to such items as college tuition, child care, and business expansions.

“That’s how we’re going to spark demand and spur hiring,” Obama said.

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Leefeller's avatar

By Leefeller, December 19, 2010 at 2:17 pm Link to this comment

Some people are saying Obama has done some great things for the huddled masses and from my pov all I see is the glass half empty and business as usual.

Congress has done a superior job lining up the dog and pony show for our entertainment thanks to the self serving Mass media.  The show must go on, so we have the most important issues facing my personal life and existance;...............gay marriage,.... Don’t ask don’t tell and of course those illegal Italians. All this while lobbyists line the halls and pockets of congress with different strokes for different folks.

The huddled masses seem represented in fiction only. The rule of law is a joke to those in power who manipulate it to their desires, the rule of law is only used to keep the people in line or jail. In the end the huddled masses seem to be praying to a cold hearted god, the Uncle Sam I know has been kidnapped by the mob in Washington,
dancing the old mob protection racket.

Personally, the only change I have seen is much less change in my pockets, the self soiled lobbyists and special interests obviously have control, so it seems integrity and accountability be damned!

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G.Anderson's avatar

By G.Anderson, December 19, 2010 at 1:30 pm Link to this comment

In a way maybe the tax bill will save the middle class.  Because by signing this bill,
Oblahma may have thrown away his chance for a second term. He also may have split
his party into two pieces. Those who work for the plutocracy and those who oppose it.

In two years time, when corporate profits are again at an all time high, and the economic
conditions we now face are like a malignant tumor that has metastasized to the morrow,
there will be no more hope that he has anything to offer.

Right now Americans are hoping and praying that Oblahma can change.  Soon, in fact
maybe this second, they will come to the realization, that believing in Oblahma, is like
praying to a drug dealer. The Heroin he sells, is a hope that someday things are going
to get better, as long as you keep on believing.

Only if this bill rids this country of the possibility of an Oblahma second will it be worth it.

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By marco, December 18, 2010 at 11:42 pm Link to this comment
(Unregistered commenter)

Obama is a wholly owned subsidiary of Goldman Sachs. What we have is government of the rich, by the rich, and for the rich. I will not vote for Obama again!

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MarthaA's avatar

By MarthaA, December 18, 2010 at 7:44 pm Link to this comment

Why did Obama negotiate a long term bad deal against the populace, instead of letting it be fought out in Congress for whatever it was worth?  Because he is also a neocon Republican-lite, that is into feathering his own nest with the corporate and elite power, like the Clintons.

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rico, suave's avatar

By rico, suave, December 18, 2010 at 2:34 pm Link to this comment

Obama won this one. Here’s how: The two year deal to freeze taxes, absent any spending cuts means that in two years we’ll be another three trillion in debt. Obama will be able to say “We need to raise taxes and spend our way out of debt.” All he has to do is let the current temporary fix lapse. All we’ve done is postpone the inevitable. I have ZERO confidence that the Tea Party will cut spending. Our kids’ kids are so screwed.

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By surfnow, December 18, 2010 at 1:37 pm Link to this comment

What makes this president even more despicable than a moronic thug like W.Bush, is that so much of the country, expecially young voters were so hopeful, they got out there, campaigned and voted. Obama’s regime is proving to yet another entire generation of Americans that our vote is as useless as the old Soviet’s we used to act so superior to.

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Leefeller's avatar

By Leefeller, December 18, 2010 at 1:16 pm Link to this comment

Political insight and what things mean from those great politicians ” I voted for it, but hoped it would not pass”.

Now this seems the defining political double speak for the meaning of hope!

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By glider, December 18, 2010 at 9:46 am Link to this comment

Another point for everyone to contemplate.  Why did Con Man Obama and his Democrat Conspirators decide to delay the vote on the Tax Plan until after the election?  Given the policy and betrayal and negative progressive reaction, I would say it is quite obvious.  Be played as fools if you want but realize you are being played.

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By glider, December 18, 2010 at 9:23 am Link to this comment

Lafayette,

Who is ignorant?  The public, who is what they are given the influences and control they are under, are the fool that expects them to not behave as is natural given their circumstances.  Make excuses for the fascists politicians all you want.  But you have simply farted in our air space.

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By thethirdman, December 18, 2010 at 7:53 am Link to this comment

Lafayette,
Your sentiments are noble and you’re right about the right.  But many of us are not
mad at the democratic process as much as we are mad about a charlatan who
doesn’t even pretend anymore to advocate for the people who elected him.  He is
a fraud and all his actions prove this to be true.
We do want compromise and consensus but compromise and consensus of real
people.  I don’t see how taxing less only to spend more is any kind of compromise
at all.  This is no victory and to pretend like anyone but the rich wins here is
disingenuous.

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Lafayette's avatar

By Lafayette, December 18, 2010 at 7:16 am Link to this comment

Reuters: he (Obama) had to accept things he didn’t like in order to avoid tax hikes for all Americans, many of whom are already struggling in a bad economy.

Such is politics in LaLaLand on the Potomac until the day a progressive PotUS is in office in concert with a progressive House and Senate.

This administration may seem to have caved in to the Righteous Replicants to some. It may seem like going back on a promise to others. But it is also a political reality in LaLaLand given the midterm elections.

Those who feel betrayed by extension of the tax-cuts should look in the mirror and say, “Who is finally the real culprit? The PotUS or the nerds who elected the present Congress?”

The answer is clearly the latter. The body politic is to blame, that is, those with the right to vote as they see fit (regardless of how we may think).

So, bitch as much as you like. Feel betrayed. Call Obama a liar or a con-man. Show the world how ignorant you are of a political system the basic foundation of which is the sharing of power amongst the Executive, Legislative and Judicial branches.

Then, hold a demonstration at the graves of Washington, Jefferson and Franklin—et al. That is, those founding fathers who thought long and hard about the concentration of power in the hands of just one individual (the monarch, for them at the time).

Perhaps these poor, misguided souls who are so disappointed at the “Obama flip-flop” would feel better in North Korea ... ? No betrayal. No political conniving. Just a benighted and oppressive dictatorship.

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By C.Curtis.Dillon, December 18, 2010 at 6:26 am Link to this comment

Olbermann had a union leader on a few days ago and asked him what impact his members would feel if the entire tax increase went into effect.  He was blunt ... his members saw no significant increase in take home pay when the Bush tax cuts took effect and they didn’t expect to see significant changes if the tax cut expired.  This whole charade was not about middle class tax cuts.  It was all about transferring more wealth to those who already have too much.  It was classic political theater and most of us fell for it.

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By glider, December 18, 2010 at 5:56 am Link to this comment

Barack “Con Man” Obama claims “he had to accept things he didn’t like in order to avoid tax hikes for all Americans”.  Obviously, if you do not fight for the agenda you were elected to implement no one, including yourself, will know what you are forced to accept.  But untrue excuses for selling a false bill of goods is the trademark of a “Con Man” isn’t it?  Whether you are selling a piece of crap used car or selling out your electorate, it is the same scam.

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By glider, December 18, 2010 at 1:49 am Link to this comment

I have been trying to find data on whether there was any increase in 3rd Party Voting in the 2010 elections.  Does anyone have a grasp on this turnout?

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By SteveL, December 18, 2010 at 1:39 am Link to this comment

Let’s see, Green party or Peace and Freedom in 2012?  We’ll see.

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By troth, December 18, 2010 at 1:12 am Link to this comment

Who will tell Malia that her father has no intention of saving the tigers?

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By Inherit The Wind, December 18, 2010 at 12:16 am Link to this comment

If you are forcing me to eat a cow pie, please, at least, for the love of decency, don’t try to tell me it’s Mom’s Apple Pie.

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Queenie's avatar

By Queenie, December 17, 2010 at 10:40 pm Link to this comment

TOADY.

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By samosamo, December 17, 2010 at 9:35 pm Link to this comment

****************


Yep, it certainly will help the middle class, to
enslave and burden their children for them to do
the same for their children. Not to mention that
there will be no money left in social security even
for those who paid into for most of their working
lives.

Just think, two more years of the shafting o, or
will that be 6 more years.

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By Wildeye, December 17, 2010 at 9:23 pm Link to this comment

Yes, it helps the middle-class in the short-term but screws them in the long-term as the nation crawls its way out of a recession to then stagnate as it pays off the debt incurred by the rich.

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