Yep, caved
Posted on 12/22/2011 1:27:23 PM PST by qwerty1234
WASHINGTON (MarketWatch) -- House Republicans have agreed to pass a two-month extension of the 2% payroll-tax cut, National Journal reported Thursday, citing Republican and Democratic sources. House Republican leaders insisted earlier Thursday on passing a one-year extension, while President Barack Obama urged them to agree to a two-month deal. Without action by Congress, the payroll tax reverts to 6.2% on Jan. 1 from its current 4.2% rate
(Excerpt) Read more at marketwatch.com ...
The “Dog That Didin’t Bark” in this Kabuki play was that the House never voted on the Senate bill...
because the Dems and RINOs would have joined and passed it.
I reserve the right to not do that. LOL!
The American taxpayers = Charlie Brown.
They keep forgetting that Zero is playing on a different chessboard.
Why did SS recipients get no increase for two years, only Zero’s little gift of a paltry flat amount, but now have received 3.6 percent starting January? It’s the election chessboard, and every single move by Zero is on that board, not the normal one.
Yep, caved
Of course, you’re right on the election moves.
But why can’t career politicians see that coming and sidestep it? Now instead of going along and seeming bipartisan, the GOP bozos look as if they lost an important battle over a truly foreseeable outcome.
Am I wrong about that?
Barf on Boner!
jackasses
>> “I’ll hold out for Boehner’s explanation before I flip out.” <<
.
Got Vaseline?
Excuse me?
They will have to carry Obama onto Air Force One for his Hawaii flight, he will be laughing too hard to make it on his own.
They didn’t see all the moves coming. They didn’t realize that Zero and his media water carriers would make this into another opportunity to bash Republicans, to the point where Dems are shaking their heads over the horrible Republicans in Starbucks.
I can just hear them in the White House: “They did it! They went for a one-year extension! They’ve fallen right into the trap!” If they had just let it happen, all would have been fine—on the election chessboard, that is.
Exactly.
This is a huge public relations victory for Obama and the Democrats. It also means those who see them as the hero get 2 months of a tax break instead of 12. lol.
This is a huge public relations victory for Obama and the Democrats. It also means those who see them as the hero get 2 months of a tax break instead of 12. lol.
And they’ll be darn grateful for it, too. Until March 1st... when it hits the fan again.
The public fell for it, didn’t they? With the help of a willing media...
Yep the MSM has convinced the public that Obama wanted to give their money from his stash and the greedy horrible Republicans were saying no.
If you meant to use the double-t at the end, then I congratulate you one giving Michelle her new name.
If you did it accidentally, then it was one of the most appropriate Freudian slips ever.
Because the SS cost of living adjustment is calculated from the average consumer price index of July, August and September each year. In the summer of 2008 there was a huge price spike from food and energy prices (that was the first time we hit $4 per gallon for gasoline). Thus the January 2009 COLA was nearly 6%. The CPI dropped in 2009 so there was no COLA in 2010. The CPI rose in 2010 but not up the 2008 level, so there was no COLA again. Finally in 2011 it rose above the 2008 level so there will be a COLA in this January. If the fourth quarter CPI was used instead of third quarter, the COLA for 2009, 2010 and 2011 would have been about 2% per year instead of almost 6%, 0% and 0%.
People may argue about whether the CPI accurately reflects inflation, but the calculation of the COLA from the CPI wasn't messed with.
In preparation for Boehner’s “explanation.”
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