Skip to comments.Obama: Payroll tax cut extension will help with higher gas prices
Posted on 02/21/2012 11:12:37 AM PST by maggief
Basking in the glory of his recent payroll tax cut victory, President Obama urged Congress on Tuesday to move ahead on other policies he has put forward that will help improve the economy and benefit middle-class Americans.
My message to Congress is, Dont stop here. Keep going,' Obama said at the White House in a 10-minute victory-lap speech.
Keep taking the action that people are calling for to keep this economy growing, Obama said before a diverse group of Americans who had written the president to explain how the extension would help them.
Obama briefly touched on rising gas prices, saying the payroll tax cut extension will help families who are struggling to fill their tanks.
For the typical family, he said the tax cut was "a big deal."
"It means $40 extra in their paycheck, and that $40 helps to pay the rent, the groceries, the rising cost of gas which is on a lot of people's minds right now," he said.
Fearing a repeat of their December defeat, Republicans retreated on the payroll tax cut extension. The GOP hopes to now pivot to gas prices, where they believe they can hammer the Obama administration, especially if drivers pay more and more at the pump through Labor Day.
(Excerpt) Read more at thehill.com ...
What a putz.
Or, more ominously, is Obama going mentally ill at a faster rate than earlier in his regime?
My goodness gracious ~ NONE of the unemployed benefit from a Social Security tax cut. Retirees don't benefit from it. Those who've never worked don't benefit from it. Neither do the handicapped, the institutionalized, his brothers in federal and state prisons, foreigners who don't pay taxes, etc...
He's overlooked MOST of the country!
Since SS receipts no longer exceed the payout, they now have to steal SS funds before they get to the trust fund rather than after.
$40 fills your gas tank once if it’s not empty!
“Your take home pay will be the same as last year, that will help pay for the gas prices our policies are driving up.” - Barack Hussein Obama
I hope he runs on that stupidity.
“Isn’t this satire?”
Not to my knowledge.
“I hope he runs on that stupidity.”
He will, and he’ll be re-elected by the collection of morons and scumbags that call themselves Americans in 2012.
Remember the inflate your tires and it will save as much gas as new drilling would produce?! Worked in 2008.
A measley $40 will help with gas prices, but significant tax decreases by government won’t help the economy? We have to have Obama and the Wookie create agencies to dole out tax revenues to low lifes and to manage our childrens’ diets through a massively inefficient bureaucracy that siphons off 60 cents of every dollar to feed itself?
This man is a maniac. Uncle Joe, Adolph, Leon and Benito would be very, very proud of him.
none of your money goes to the social security trust fund, and social security is not paid out from this fictional fund, it is funded through and paid out of the general fund.
I filled up yesterday. Gas had gone up 30 cents since the last fillup. Their $40 wouldn’t have paid for the $56 it took to fill my tank.
Lets see... I burn a tank of gas a day. 4 days a week. The latest hike in gas prices cost me 10 dollars a day..
Sorry Zero. Your still a blithering idiot. And that says something about the idiots that did, and likely will still vote for you.
Obama. The rectal cancer that keeps on giving.
‘take home pay the same as last year’? WTF! I guess you haven’t heard some of have recently lost our careers after 30 or 40 years of hard work. Somebody needs to stuff this whole administration, or lack of it, in a dumpster and start over.
That will get me about 2 fill ups... for my lawn mower. Thank you soooo much Dear Leader, you are such a brilliant man.
This bastard wants us all to live in a ghetto.
President Newt Gingrich—”Our beloved republic deserves nothing less.”
I know. I never said it did. But the government puts out report after report on the financial condition of the Social Security System. Social security outflows are exceeding inflows. The situation is getting worse every year. And the General Fund has been running 1-2 trillion dollars deficits since Obama took over.
I guarantee people are paying well over an extra $80 a month on groceries and gas since Obama took office 3 years ago. I would venture to guess it’s probably closer to $250 extra a month.
Barry is already living the utopian dream, and out of touch. At today’s prices we get pump fumes for $40.
Certain cookies went from 2 for $5 at Christmas to 2 for $7 by February. I bought a couple of small lean steaks on a steep sale for $11 that trip. They had been over $20.
notwithstanding everything else that’s wrong with all this...
I’m still scratching my head how he comes up with 40 bucks a paycheck.
Weekly, it’s $19.23 s on 50k a year
bi-weekly it’s $38.46 on 50k a year.
so, according to obama, a paycheck is every 2 weeks,
everyone earns at least 50k a year
and the actual amount gets rounded up for political purposes.
I have really been trying to get the grocery bill down since it just went through the roof. No more steaks, pork if it is deeply on sale, and lots of chicken.
I also have got into making casseroles and soups again which has really helped alot.
People are bringing home the same amount they were bringing home last mont. Gas has gone up at least 15%. And 40% of those same people will believe obama’s b.s.
No problem. Just add it on to the debt.
My wife and I not eat like rich folks. We eat a lot of hamburger meat (80-20) and lots of chicken. We cannot bet by on less $150 a week. I think people who say they only spend $75 a week on groceries are in denial.
Our problem is hubby and I are home all day, every day. He is retired and I work from home so we cook and eat every meal at home. I know exactly what groceries cost and how much they have gone up. Our weekly grocery bill went from $75 a wk to well over $100 while the quality of food we were eating went down.
I have finally got it down to about $90 every week and a half now but we eat lots of leftovers, nothing gets thrown out anymore.
We’re both home, too. We don’t throw anything away either. We’ve tried to cut everywhere we can. We’ve gotten it down maybe $50 a month from a year ago but the price increases are eating that up pretty fast. Target has pretty good bread. A year ago it was $1.12 a loaf. Now it’s $1.48. That’s a 24% increase.
I don’t know how a family of four are making it unless both parents are making way above the minimum wage.
Yes grocery stuff is WAY up in the 3 yrs of Baraq.
A lot of packaged stuff that was 3 bucks is now 5.
Milk went from 2 to 3.
24 pack Coke from 4 to 7.
The Consumer Price Index doesn’t include food and fuel because they are considered “too volatile” and does include housing which has been going down.
For “normal folks” the everyday cost of living is up a LOT.
I’ve been noticing the same thing—sharp increases in the prices of grocery items and I’m not at all sure all of it is due to transportation surcharges. So I’ve been buying store brands.
Barry doesn’t want to strangle the middle-class in its crib, at least not yet, but Holder’s people have gambling expenses, and we have their children to raise you know.
See that thread on `Amish Gals Gone Wild’ in a Detroit casino?
That’s a taste of things to come if (when) the bottom drops out.
We feed a family of six—including four hungry kids ages 13, 9, 7, and 4. My husband brings home about $3900/month if you include the raise he just received. I stay at home with the kids (well, one kid if you count the three that are in school). We’re fortunate that we are renting our current home for $600/month. We have another house in Arkansas that we couldn’t sell that we are renting out for $900/month (covers our mortgage plus almost $100 over). We don’t live hand to mouth, but we’re not extravagant spenders. We’re putting the Arkansas house back on the market soon, and we’ll hopefully be buying this place in Ohio this summer if all goes well.
I make my menu every week before the shopping trip on Fridays. First, I hit Aldi and get what I can off of that list, then head to Walmart for the rest. Once every couple of months or so, we go down to Sam’s and stock up on some things. Aldi still has the lower prices overall, but I’ve seen some spikes in several items I buy weekly, like apple juice, which seemed to go up 20 cents from one week to the next. We’re also feeding two large dogs and a cat, which adds a good amount to the grocery bill (the dogs more than the cat, lol).
My husband figured that if he was unemployed, we would get around $900 a month in food stamps (not to mention the reduced or free lunches at school, plus WIC for the youngest child). That’s more than I spend a month now on food, cleaning products, toiletries, and pet items. When he and I were first married, we qualified for food stamps (he was active duty Navy at the time), but we didn’t take them. We just used coupons and ate cheap.
I’m actually laughing too hard to stay pissed at him
Considering there are only 2 of us we should be able to eat on no more than 1/3 of what you spend. I’d like to see someone’s actual grocerie cash register ticket. With cleaning supplies and our pets we’re well over $850 a month. And Houston is one of the cheapest places to buy groceries in the nation.
Can you post your menu and then tell me how much you spend on groceries, dog supplies, toiletries and cleaning supplies? I assume it’s less than $900.
Let’s see..... If a $40 tax cut is 2% of wages, then the paycheck is $2,000. Duh... And they complain about $40!!!
Typical of the Rats!!!
This has to be satire right....right?