Skip to comments.Swindle of the year
Posted on 12/12/2010 7:41:44 PM PST by Nachum
Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
If Obama had asked for a second stimulus directly, he would have been laughed out of town. Stimulus I was so reviled that the Democrats banished the word from their lexicon throughout the 2010 campaign. And yet, despite a very weak post-election hand, Obama got the Republicans to offer to increase spending and cut taxes by $990 billion over two years. Two-thirds of that is above and beyond extension of the Bush tax cuts but includes such urgent national necessities as windmill subsidies.
(Excerpt) Read more at washingtonpost.com ...
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Pork laden deal. Vote it DOWN! No compromise! No deals! No PORK!!
I am with you!
KILL THAT BILL!!!
Pork was distributed the last time around.
Still, Sumter, S.C. has the highest unemployment in S.C.
WCA took the money.
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“Larger than his $814 billion 2009 stimulus package”
You are absolutely correct; the Tax Bill is a fraud and first magnitude. Stim 2+. If the folks in the House dont block, we are indeed sold out. Watch Republican leadership for Monday morning fight.
It will pass. The Republicans actually think they got a good deal and the Democrats will eventually cave.
The taxpayers get screwed again.
I guess Charles has accepted the leftist position that a tax not collected is an expenditure.
Yes, this is completely disingenuous. So spending now equates to taxes not collected? What nonsense. I don’t understand the rush to do this bill. In January, we’ll have the House, and a much better standing in the Senate. Obama wants the tax rates extended, because he needs to get unemployment down, or he’s history in 2012. Do this deal in January when we have a stronger hand, then make the rates retroactive. The bit about the markets tanking is crap. The smart money knows the rates are going to be extended at some point, so even if the deal happens in January, there won’t be a market collapse in the next two weeks.
I wish I could find a used car dealer as easy to roll over as the republicans who cut this deal.
Without working up a sweat Obama made them look like fools.
The irony is that his base is too dense to realize he got the better end of the deal by far.