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Obama's Big Mistake


Prince Imrahil

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I was reading another CN'ers blog a minute ago. It was an entry about how President Obama negotiated a deal to extend all of the so-called "Bush Tax Cuts" for two years. Personally I felt like he threw in the towel (like he has done too many times before) and disappointed progressive Americans and deficit hawks that put their lot in with him. But my point isn't really to debate that stuff.

What I have been thinking is about how this past election, the Republicans made these tax cuts a major part of their platform. Now that he has kicked the can down the road two years, he has set himself up to allow the Republicans to make it an election issue when HE is up for reelection in 2012, pissing off progressives and liberals in the process. This will bite him (and possibly all Democrats) in the ass.

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I'll be honest, I support the guy....but this cave in on the tax cuts is too far IMO. If you earn over 250,000 and can't pay your bills, you need a money management class not a tax cut. Especially since it adds to the deficit. Need to stop spending and start doing.

I hope there is a viable 3rd party candidate in 2012 at this point. Because I do not see a republican I can vote for and I am almost sure unless he announces he isn't running again, that another dem will challenge him.

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@AirMe If I remember correctly, he said during the '08 campaign he would lower taxes for the middle class and not the +250K crowd...or something to that effect. Another campaign promise busted (not that politicians haven't been doing this forever). Obama is not a fighter, he cave at every turn, even when he has a majority of Americans supporting the position that he campaigned on (tax cuts, DADT, and so on).

@Believland This is an unfortunate truth (well maybe not never, but perhaps for the foreseeable future). This is why I wish we had coalitions instead of only two major parties (which are both corrupt.

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I think he asked himself, what is more important, letting the tax cuts for the highest earners expire, or extending the tax cuts for the people who need him. The republican party wouldn't let him have both, so he had to make a decision.

Sometimes the decision you have to make isn't the decision that you want to make, he did what he had to do, and thats admirable.

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@Believland This is an unfortunate truth (well maybe not never, but perhaps for the foreseeable future). This is why I wish we had coalitions instead of only two major parties (which are both corrupt.

To be fair, I'd rather see two parties then multiple ones. Can you imagine senator Michael Moore?

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@AirMe If I remember correctly, he said during the '08 campaign he would lower taxes for the middle class and not the +250K crowd...or something to that effect. Another campaign promise busted (not that politicians haven't been doing this forever). Obama is not a fighter, he cave at every turn, even when he has a majority of Americans supporting the position that he campaigned on (tax cuts, DADT, and so on).

He hasn't lowered taxes for anybody, and he can't, our budget is stretched beyond the breaking point as it is.

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If you earn over 250,000 and can't pay your bills, you need a money management class not a tax cut.

It's not about 'paying the bills', it's more of a question of what percentage a person's income the government should be allowed to take.

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I hope Bloomberg runs as an independent. I would vote for him.

DADT, I have no idea why he flip flopped there. He had that locked down and then did a 180.

He just needs to stick to things. Our taxes are a lot lower now than they were when Bush took office. We had surpluses back then. You can't get out of debt unless you start taking in more money.

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he has set himself up to allow the Republicans to make it an election issue when HE is up for reelection in 2012

That isn't necessarily bad news for him. Even half of Republicans support raising taxes on those earning over £250k -- there are worse thing to do than run your election campaign on a wildly popular policy. Of course, by then people might not believe that Obama is strong enough to actually implement any policy that he promises.

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Obama betrayed me because he supported a $2.1 trillion tax cut when the government may face a solvency crisis in 10 years, then bickered over the $700 billion, as if that is going to make up for the massive hole he would have made in the budget anyways.

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