Obama: No compromise on tax fairness

Signs of life in the White House.


President Obama on Wednesday will rule out any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.

Comments

Dems should be hammering this ...

If tax cuts in general, and the Bush tax cuts in particular, are (or were) so freakin' good for job creation and the economy, then why did we end up in a Recession at all with near 10% unemployment? Seems like all that money saved by the rich should have kept the economy just rolling along. You know, trickle down and all that.

But no, Bush tax cuts rolled right into Bush recession.

Horseshit

This White House is dead. They should resign en masse from the top down until you get to Labor Secretary Hilda Solis.

I swear, why the f@ck is ANYBODY, let alone a Democrat (in name only) mentioning a f@cking tax cut for business purchases (that depreciate anyway)?

This economic team is incompetent beyond belief. Force the banks to loan. Or at least send some of this money the feds are printing to give tax breaks to the rich to the state and local governments.

While the policy train left this administration station long ago, this newest proposal isn't even good politics.

Is this supposed to get some big business bucks to flow to the DCCC? To protect a few Democractic Senators or Congressfools? Who believes that will happen in this environment?

What are these people smoking?

I can accept that good policy will often be tossed aside for political considerations.

I can accept that political considerations will be tossed aside for good policy (all too rarely).

But these idiots don't do either good politics or good policy.

It is past time for some creative destruction in the Democratic party, and after this pitiful Labor Day/Election Season salvo, I'm not just wanting Shuler and McIntyre's heads. I want to start at the top.

And now PPP is telling us with data exactly what I wrote on this blog months ago. Obama is toxic and should stay away from the campaign trail this year.

Wake me when it's over.

 

Creative destruction?

Here's a question, and I mean this with only two small pinches of rancor:

If you can't find yourself in agreement with more than a handful of Democrats at any given time, how do propose to build a coalition that could change anything, much less radically reshape the party from the top down?

Coalition vs. adoption

I have no illusions about everyone agreeing with everyone all of the time. Or even a coalition that agrees with a core group of leaders all the time.

What has happened in this White House is the wholesale adoption of center-right --and far-right -- policies that no citizen with a net worth of less than eight figures, much less an economic advisor worth a damn, should stand for.

Once the DLC types lose the levers of power again, and they shortly will, the monied class will abandon them and their apparatus for their natural home of the GOP, and the party can go about the long process of being taken back.

 

You seem to need reminding ... again

Here's a link to a previous post of mine. Feel free to ignore it ... again.

link here.

And the election news isn't all doom and gloom, even with Obama's influence.

just for the record...

...the logic here is to stimulate the purchase of all that depreciable stuff, now, instead of, say, two years from now--and that's because people have been running around like crazy asking "why the f@ck the president and the "incompetent beyond belief" economic team can't do something to create more jobs?"

as for creative destruction: we had eight years of that, just recently, thanks to our republican friends, and voting for speaker boehner and the party of vitter and demint and palin, just to "show them something" will, i suspect, get you exactly what you're after: a whole lot more of the same kind of creative destruction...of the economy, the environment, our foreign policy, our national security, and the constitutional protections that many of us in this country actually care about.

"...i feel that if a person can't communicate, the very least he can do is to shut up." --tom lehrer, january 1965

The Obama admin record is clear

They could have done more -- even without Congress. They haven't. I don't have to remind someone of your blogospheric venturing skills about HAMP.

More business tax credits and/or cuts are not good immediate stimulus nor good immediate politics.

It's really that simple.

The Obama admin leadership that acts as if more business tax cuts are needed, well... they need to be creatively destroyed out of leadership.

Saying boo, or Speaker Boehner or Jim DeMint, doesn't scare me. They get the deals they want now -- with historic Democratic majorities.

You know as well as anyone that new Democratic leadership is needed. The current crowd has been outplayed.