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Live Thread: Obama Statement on His Caving on Extending Bush Tax Rates (Apprx. 6 p.m. EST 12/06/10)
Monday, December 6, 2010 | Kristinn

Posted on 12/06/2010 3:38:58 PM PST by kristinn

Obama will be speaking to the nation shortly to put the best spin on his caving in to the Republicans on extending the Bush tax rates. The cable networks are standing by to cover it live.

Here's a teaser from CNN on the deal:

President Barack Obama presented congressional Democratic leaders Monday with a proposed deal with Republicans that would extend Bush-era tax cuts for two years and unemployment benefits for 13 months while also setting the estate tax at 35% for two years on inheritances worth more than $5 million, a senior Democratic source told CNN.

The deal also includes a temporary 2% reduction in the payroll tax to replace Obama's "making work pay" tax credit from the 2009 economic stimulus package for lower-income Americans, the senior Democratic source said. As currently crafted, the deal would prohibit amendments by either party, according to the source, who spoke on condition of not being identified by name.

SNIP

According to the senior Democratic source, Obama and Biden told the congressional Democrats that the proposed deal was the best they could expect.

SNIP


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bushtaxcuts; obama
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1 posted on 12/06/2010 3:39:04 PM PST by kristinn
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To: kristinn

Oh to be a fly on the wall at DU!


2 posted on 12/06/2010 3:40:14 PM PST by LisaFab
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To: kristinn

Nice summary. Zero blinked!


3 posted on 12/06/2010 3:40:42 PM PST by WVKayaker (Faith makes the discords of the present become the harmonies of the future - Robert Collyer)
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To: kristinn

Must be real anxious to get to Hawaii on his fabulous fun packed vacation on our dime.


4 posted on 12/06/2010 3:42:35 PM PST by FreedBird
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To: kristinn

Just saw it is delayed until 7PM.

(He is adding the tax cut of the already broke social security plan to save us all.) $800 for a 40K a year worker

So Axelrod is typing the load of crap into the teleprompter.

If reporters ask questions it will be to ask him how his lip is doing and where he will vacation next.


5 posted on 12/06/2010 3:42:45 PM PST by Dubya-M-DeesWent2SyriaStupid!
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To: kristinn

I can live with that—though I don’t like the amount of time left for other mischief in the lame duck session. I don’t think the Dems would have come to terms like this so quickly if they didn’t think they could slip START, at least—but please let’s hope not the DREAM Act too—in before the new Congress.


6 posted on 12/06/2010 3:42:45 PM PST by 9YearLurker
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To: kristinn

Gee, I wonder what Obama has against Chelsea Clinton and Amee Carter.


7 posted on 12/06/2010 3:43:04 PM PST by MIchaelTArchangel (Obama makes me miss Jimmah Cahtah!)
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To: ejdrapes; kristinn; WVKayaker

URGENT: Call your congressman to oppose alleged tax deal

One other wrinkle Tapper is reporting, potentially huge: the unemployment benefits extension will not be offset, at least not as part of this deal. This makes it likelier that Republicans in both houses will challenge it from the right, and that any voting majority will have to be cobbled together from both caucuses.

President Obama is supposed to address the deal at 6:10 PM.




8 posted on 12/06/2010 3:44:10 PM PST by onyx (If you truly support Sarah Palin and want on her busy ping list, let me know!)
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To: kristinn

That estate tax is sooooo wrong. It belongs to the heirs...not the government....just like SS belongs to the heirs...not the government.


9 posted on 12/06/2010 3:44:14 PM PST by Sacajaweau
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To: WVKayaker

13 more months of unemployment insurance? I’d say the Republicans blinked too....


10 posted on 12/06/2010 3:44:25 PM PST by teg_76
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To: kristinn

This doesn’t extend UI past 99 weeks does it?

I asked this in another thread and am still not sure of the answer. I can see maybe doing a UI extension past 26 weeks, but no way in hell should this be extended out past 99 weeks. It is bad enough UI has become a near 2 year welfare program, any longer and we are literally encouraging people to just stay home and play video games forever.


11 posted on 12/06/2010 3:45:48 PM PST by Longbow1969
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To: kristinn
Police depts all over the nation on high alert.

Or they'd better be. This'll turn more than a few liberal democrat faces purple.

12 posted on 12/06/2010 3:45:48 PM PST by skeeter
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To: teg_76
13 more months of unemployment insurance? I’d say the Republicans blinked too...

Of course they did, but thats not exactly news.

13 posted on 12/06/2010 3:46:39 PM PST by skeeter
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To: kristinn

I don’t see how this is a win for our side. Thirteen more months of UI, definitely not cutting any spending. This govt. is out of control.


14 posted on 12/06/2010 3:47:09 PM PST by teg_76
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To: teg_76

Outrageous and damn foolish.

Also this leaves plenty of time for DATD and START.

I can barely stand to listen to the Marxist.


15 posted on 12/06/2010 3:47:45 PM PST by onyx (If you truly support Sarah Palin and want on her busy ping list, let me know!)
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To: teg_76

I hear the politics in that statement but while Obama is making sure a lot have no jobs and 10’s of thousands from his ban on drilling I think people should eat while the democrats destroy this country.

Obama has gone too far. People have to eat and pay they’re electric bills.


16 posted on 12/06/2010 3:47:51 PM PST by Dubya-M-DeesWent2SyriaStupid!
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To: teg_76

In other words, they pissed on our legs and told us it’s raining.


17 posted on 12/06/2010 3:48:12 PM PST by dfwgator (Congratulations to Josh Hamilton - AL MVP)
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To: LisaFab

Sounds like Ozero bagged the pubs..HAVE you seen DRUDGE??A sly calculated move?


18 posted on 12/06/2010 3:49:01 PM PST by RoseofTexas
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To: kristinn

I am in permanent ::Facepalm:: mode with this speech.


19 posted on 12/06/2010 3:49:19 PM PST by mnehring
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To: WVKayaker

No he didn’t “blink.” Two years is the worst possible outcome...even worse than letting the taxes go up for everybody.


20 posted on 12/06/2010 3:49:37 PM PST by Cyber Liberty (We conservatives will always lose elections as long as we allow the MSM to choose our candidates.)
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To: Sacajaweau

The estate tax is presented to Obama the Great for re-distribution to his loyal followers in the country and media.


21 posted on 12/06/2010 3:49:37 PM PST by FreedBird
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To: RoseofTexas
"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

"I'm not willing ..."

22 posted on 12/06/2010 3:50:26 PM PST by relee ('Till the blue skies drive the dark clouds far away)
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To: kristinn

Listen to him make this just as politcally poison as he can make it.

Oh, what a peacemaker.

He’s unwilling to engage in.....
“Political warfare here in Washington.”

ROTFLOL.

Too late, Marxist.

I’ll give him this, he has nerve. He lies with ease.


23 posted on 12/06/2010 3:50:49 PM PST by onyx (If you truly support Sarah Palin and want on her busy ping list, let me know!)
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To: kristinn

“Make no mistake...”

“Let me be clear...”


24 posted on 12/06/2010 3:50:58 PM PST by TomGuy
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To: FreedBird

It is all conservatives fault~!

Good God is this guy partisan!!!


25 posted on 12/06/2010 3:51:18 PM PST by Recovering Ex-hippie
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To: teg_76
Thirteen more months of UI

I noticed they stopped counting it by weeks. I guess saying they are extending it another 56 weeks isn't as friendly for TV broadcasts, nor is saying we are paying for people to stay on unemployment 155 weeks.. 13 is such a 'cleaner' number to hypnotize the masses with.

26 posted on 12/06/2010 3:51:21 PM PST by mnehring
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To: kristinn
Did he just say "unemployment insurance"?
27 posted on 12/06/2010 3:51:43 PM PST by Jess Kitting
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To: kristinn

Bipartisan agreement reached.


28 posted on 12/06/2010 3:51:55 PM PST by TomGuy
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To: onyx
This is the best deal we're going to get considering the Democrats have the presidency and huge majorities in the House and the Senate.

If we wait until after January 5 to make a deal it would cause great harm to the economy.

29 posted on 12/06/2010 3:52:13 PM PST by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: relee

I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I
I, I, I, I, I

Who does he think he is, Bill Clinton?


30 posted on 12/06/2010 3:52:33 PM PST by mnehring
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To: Sacajaweau

I agree. You work like a crazy person, pay taxes on what you earn, save and invest the rest (on which you pay taxes for any earnings) and you can’t even leave it to your kids without the government getting over a third. Lots of folks say that $5 million is more than anyone deserves, thus tax it. But for many small family businesses and farms, it’s not necessarily that much if most of your assets are in land, equipment and goodwill to keep your operation going.


31 posted on 12/06/2010 3:52:38 PM PST by keepitreal ( Good manners never go out of style)
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To: mnehring

just want to throw up.....!!

UNEMPLOYMENT....THIRTEEN MONTHS!!!!


32 posted on 12/06/2010 3:52:51 PM PST by Recovering Ex-hippie
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To: kristinn

Ah. The class warfare continues. The Republicans are the bad guys and he’s saving the day for the middle class. WHAT A POS he is. Republicans better learn from this.


33 posted on 12/06/2010 3:52:51 PM PST by jersey117
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To: relee

I I I I I I I I I I I I I I I I I I I I I I I

WHAT AN ASSHOLE !!!!

WHAT A MISERABLE FAILURE !!

ONE TERM - MR IDIOT - AND WE CAN’T WAIT TILL SOMEONE REPLACES YOUR INCOMPENTENCY !!!!!


34 posted on 12/06/2010 3:52:51 PM PST by W-Girl
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To: kristinn

UE extended another 13 months (?).

Did he say months and mean weeks?


35 posted on 12/06/2010 3:53:12 PM PST by TomGuy
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To: kristinn
Can't wait to hear Limbaugh tomorrow. Hugh Hewitt was positively livid tonight.
36 posted on 12/06/2010 3:53:13 PM PST by ejdrapes (Obamacare is both too complicated to succeed and to broken to repair)
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To: TomGuy
Bipartisan agreement reached.

"The word 'bipartisan' means that some larger-than-usual deception is being carried out." - George Carlin

37 posted on 12/06/2010 3:53:36 PM PST by dfwgator (Congratulations to Josh Hamilton - AL MVP)
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To: kristinn

So this idiot is finally admitting that tax cuts help the economy and tax increasess hurt. And he made the discovery two weeks before expiration.

And is he guaranteeing that the Rats will vote for this thing?


38 posted on 12/06/2010 3:53:36 PM PST by fightinJAG (Americans: the only people in the world protesting AGAINST government "benefits.")
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To: teg_76

Extending UI was inevitable. The private sector has to be assured that the country is worth investing in and make a tangible move to create jobs. I have no idea how that’s done, I’ll leave that to people who actually know how.
Death Tax is crap. The estate has already been taxed and the heirs should receive what is bestowed to them.
2012 will either support the peoples’ movement or see them with their tails between their legs(again)


39 posted on 12/06/2010 3:53:39 PM PST by shadeaud ("If you can't beat them, arrange to have them beaten." -- George Carlin B)
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To: LisaFab

I’d rather be a fly on the wall in the green room at MSNBC in New York :-)


40 posted on 12/06/2010 3:54:13 PM PST by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: kristinn

I realize that, but this weak GOP has let themselves be sandbagged. January can’t come soon enough. I hope the new leadership realizes that it’s warfare for 2012 and it’s already started.


41 posted on 12/06/2010 3:54:33 PM PST by onyx (If you truly support Sarah Palin and want on her busy ping list, let me know!)
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To: ejdrapes
Hugh Hewitt was positively livid tonight.

Why?

42 posted on 12/06/2010 3:54:51 PM PST by Right_in_Virginia
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To: jersey117

wHY CAN’T THE REPUBLICANS....TELL THE TRUTH!!
Tell it like it IS! Not just be so “nice”..this guy is a street thug!!


43 posted on 12/06/2010 3:54:51 PM PST by Recovering Ex-hippie
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To: shadeaud

They know extending UI is the only thing keeping the Barbarians from the Gates, and they won’t have to actually do anything to fix the economy. Just administer more of the narcotic.


44 posted on 12/06/2010 3:55:04 PM PST by dfwgator (Congratulations to Josh Hamilton - AL MVP)
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To: shadeaud
Extending UI was inevitable.

Agreed. It was either that or welfare.
45 posted on 12/06/2010 3:55:08 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: kristinn

Looks like Billy Gates, Warren Buffet and their band of “patriotic” billionaires better get out their “patriotic” checkbooks and send some of their “patriotism” to the U.S. Treasury. LOL!


46 posted on 12/06/2010 3:55:16 PM PST by FlingWingFlyer (Merry Christmas to all of my FReeper friends!)
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To: mnehring

Unemployment insurance rates are going through the roof, even for those of us who haven’t laid anyone off. Guess what all those taxes do... make it so employers can’t hire. But that’s okay, the government will just extend benefits another year....and the rates skyrocket again.....and so on.....


47 posted on 12/06/2010 3:55:26 PM PST by keepitreal ( Good manners never go out of style)
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To: mnehring
"There are things in this deal I don't like".

You lost, we won, you idiot. We caved.

Get the RHINOS OUT.

48 posted on 12/06/2010 3:55:42 PM PST by AGreatPer (Voting for the crazy conservative gave us Ronald Reagan....Ann Coulter)
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To: W-Girl

I don’t think I have ever seen him blink so fast!


49 posted on 12/06/2010 3:55:45 PM PST by relee ('Till the blue skies drive the dark clouds far away)
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To: W-Girl

EFFIN pubs should have said....NOOOOOOOOOO!! NO comprise!!!!


50 posted on 12/06/2010 3:55:50 PM PST by RoseofTexas
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