Did President Obama compromise too much in extending the Bush tax cuts to all, while continuing...
unemployment benefits. Is there a better solution to satisfy all parties?
No and probably, but we'll never see it in our lifetime because both parties are bullheaded. Well I'll take some of that back. The Dems are at least willing to work things out as they have continued to show. Can't say the same for the party of NO.
The two parties rarely, if ever, agree on anything; it seems that more and more their “job” is to score points with each other and make political statements rather than solve problems.
Extending the tax benefits for the rich was a way to ensure that millions of Americans will not lose their unemployment checks for a little longer. The compromise had strong opposition from both parties, but bickering while regular people are suffering the effect of a disastrous economy is what Congress does best.
Absolutely. Yes. A better solution is for everyone to give something in a compromise. Since GOP ran on deficit reduction, then GOP should be willing to impose taxes on those who are able to contribute more. The wealthy. Obama is giving away too much, too easily because he is not willing to make a case with actual numbers. The whole situation is ludicrous. If approved, the "compromise" will cost about 600 billion. That don't look like deficit reduction to me.
You have to look at it from his perspective. He must live with the Republican majority in the House for two more years. He is not going to be making too many deals after Jan 1 from a position of power. He is looking at this situation as his best offer knowing that he has kept it at a "temporary extension" as opposed to a permanent tax cut. After January, his ability to keep it temporary is likely gone. At the same time, the went he has gone about it is diametrically opposed to the way in which has spoke highly of both Reid and Pelosi the the past months. There is no teamwork here...its every man for himself or herself for that matter. Obama, Reid, and Pelosi are made of that fabric...they don't really have any friends they have not already taken advantage of in the past. It's dog eat dog even in the Democratic Party. The unfortunate side is that the average Democrat has not yet figured out that their party has gone south in beliefs, direction, etc. Get out of the boat while you can and save yourself! WB
By nature, Obama gravitates toward compromise. Those who believe that he is a strongly ideological liberal are buying into a conservative-generated caricature. By showing his willingness to compromise, he might actually win a political battle for a change. They were engaged in a game of chicken, and Obama backed off first. The Republicans, if this compromise actually holds, look like they were willing to allow all tax cuts to expire in order to protect those for upper income Americans. Obama ends up looking like the guy who was willing to compromise in order to protect the majority. In this case, I think that many independents, the only voters that really matter, are going to view his actions in a positive light.
In my mind, both parties are, as always, being fiscally irresponsible. Because we are still struggling economically, I can somewhat tolerate some more irresponsibility, but only temporarily. The question is whether they will finally raise some taxes and cut spending when the economic situation improves. Personally, I doubt that this will happen. Both parties are afraid of asking the American people to sacrifice.
Obama has no balls. He had promised and vowed to get rid of the Bush Tax cuts, now he's not. It's not a compromise, it's a spineless backdown from what he promised to do. The deficit is going to go through the roof now.
I noticed that someone made a reference to "tax benefits for the rich". I'm sorry, but how is a tax a "benefit"? No level of taxation is a benefit to anyone. No 'lost revenue' has occurred, since none of the people's money belongs to the government. It's OUR money, not theirs.
No, Obama didn't "compromise" too much, and in fact, no "compromise" is going to be adequate. The only way anything will be accomplished good in Washington DC, is if everything Obama has done is undone, and a huge lot more, as well. The nation is bankrupted due to too much government and too much taxation and redistribution and too many mandates and too much regulation and far too much meddling by ignorant politicians.
Our nation was designed to prevent politicians from being able to mess with the economy and people's lives for a purpose, and that is to defend the people from the havoc that runaway government ALWAYS causes.
How many jobs do you think would be cut if the taxes went back up? There are a lot of small businesses even big no corporations that would suffer and have to lay people off to survive. Even corporations right now are laying people off or cutting hours and closing branches down. It is not the tax payers fault that the economy is in such a bad position and that the government is spending millions printing new money and making errors that we have to pay for as well as paying our congress too much money to follow their own agendas how about we cut back congresses paycheck to pay for our deficit.
by Beth Perry 2 years ago
How did President Obama get the scar on his skull?A few times over the last months when the President is on television I've noticed a scar on his skull. A friend suggested he may have had an accident in his youth but I haven't heard about any accident he experienced so am still curious. Does anyone...
by JON EWALL 7 years ago
Did president Obama tell the American people the truth in his ''state of the union'' speech tonight?Much of the speech again was about himself, complaining about his inheriting a mess when he and the democrat super majority took over full control of our nations future.President Obama forgot the...
by Holle Abee 8 years ago
Four Democrats and Lieberman voted with the Republicans. I have mixed feelings about this, according to the research I've done. It seems that "economy experts" are split on their views. Some argue that increasing taxes on the upper economic class will stifle jobs, while others say that...
by taburkett 5 years ago
Why did President Obama seek answers from Jay Leno when embassies around the world are threatened?While terror is doubling through irrational and illogical governance, the individual in charge runs to a comedian to stimulate the fallacies of his administration. This is not a lame-duck, this is an...
by AnnCee 8 years ago
Tonight, we pray for that courage. We pray for the people of the Gulf. And we pray that A HAND may guide us through the storm towards a brighter day. Thank you, God bless you, and may God bless the United States of America.I have never heard a Christian prayer for guidance from a...
by Quilligrapher 6 years ago
From a CNN report GOP divide over Obama tax plan goes public, November 28, 2012:"A CNN/ORC International poll released Monday also showed that a solid majority of respondents -- two thirds -- supports the Democratic stance that any agreement should include a mix of spending cuts and tax...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|