Skip to comments.Obama's tax-cut deal upsets many major donors (Backlash brewing & Tea Party wins again!)
Posted on 12/09/2010 6:08:35 PM PST by Libloather
Obama's tax-cut deal upsets many major donors
Some say they will withhold funds for the next election. Even if they come around before the campaign kicks into gear, the initial backlash could hurt early Democratic efforts to counter GOP-allied groups.
By Matea Gold, Tribune Washington Bureau
4:39 PM PST, December 9, 2010
Reporting from Washington
President Obama's advisors are confident that liberals dismayed by his agreement to extend tax breaks for the wealthy will forgive him by the time the 2012 election kicks into gear.
But the current backlash on the left may intensify the immediate challenge Democrats face in building a new campaign finance apparatus to challenge Republican-allied outside groups that flexed their muscles in this year's midterm election.
Democratic operatives are already laying plans to set up new independent expenditure committees that can raise unlimited funds, and hope to enroll early contributors to establish a beachhead for the coming campaign. But some stalwart party donors are vowing to withhold funds because of their anger over the tax-cut deal.
"I do not plan to support Obama and his reelection effort," said Utah-based hedge fund manager Art Lipson, who gave hundreds of thousands of dollars to the Democratic Party and its allies in recent elections. He views the tax-cut compromise as a giveaway to Republicans that will increase the deficit.
"He's got many great qualities, but he is not a fighter," Lipson said of the president. "I've met with many donors and the level of disappointment is extreme."
Other discontented contributors are taking a wait-and-see approach.
(Excerpt) Read more at latimes.com ...
Rich RATS really should send all their loot to the gubmint. I'm gonna need ALL of my Sosha Security and then some.
But, but, Joe Biden said Obama had “steel in his spine”.
“I do not plan to support Obama and his reelection effort,” said Utah-based hedge fund manager Art Lipson, who gave hundreds of thousands of dollars to the Democratic Party and its allies in recent elections. He views the tax-cut compromise as a giveaway to Republicans that will increase the deficit.
Why anyone would invest a $1 with a clown who’s attitude is this is beyond me
Is it ironic that these already wealthy Democrats want people who are trying to become wealthy to be taxed more or into oblivion?
Joe Bite me said something?
We need to change the meme on this somehow.
Instead of “Tax Breaks for the Wealthy”, we need to
somehow get pundits to refer to it as...
“Maintaining Current Tax Rates on Small Business”
This is why we should be promoting the tax-cut deal as the oft-promised, finally-delivered “Post-Partisanship” era of cooperation an compromise from the 2008 election.
It’s a complete no-win situation for the Dems. The independents won’t remember it in 2012 (they’ll vote straight pocketbook issues like they always do), the Republicans and TEA Party members won’t care, but the Dem Nutroots base will still be absolutely LIVID over it.
If they don’t like Obama selling out to the GOP then they just ought to keep their money and not give it to the Donks. That will show ‘em.
Somebody stole his spine.
They should just file their taxes using the standard deductions.
Just watch. If Congress manages to put the brakes on this mess and get the economy back on track, Obama will be bragging about how “his plan” save the economy in spite of the tax cuts.
>> But, but, Joe Biden said Obama had steel in his spine.
Joe got snookered. It’s just a Ping custom titanium buttplug that Bambi wears in his pelosi.
Those were staples to hold him up.