Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama facing tough sell in own party on tax deal

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:15 PM
Original message
Obama facing tough sell in own party on tax deal
Obama facing tough sell in own party on tax deal


By STEPHEN OHLEMACHER, Associated Press Stephen Ohlemacher, Associated Press – 17 mins ago
WASHINGTON – President Barack Obama on Wednesday rejected claims that he betrayed Democrats by cutting a deal with Republicans on Bush-era tax cuts and implored his party to back the compromise, arguing it could jump-start the economy.

Speaking to reporters at a joint appearance with Polish President Bronislaw Komorowski, Obama said economists predict higher job growth in 2011 and 2012 if Congress passes the agreement and urged lawmakers to examine the details of the deal and "get this done."

The White House has been leaning hard on fellow Democrats to support the tax deal that would extend the cuts at all income levels for two years, extend jobless benefits for the long-term unemployed and cut the Social Security payroll tax for a year.

But House Democratic leaders protest that the overall package gives up too much to the wealthy. They're putting Obama on the defensive, even as the deal picks up support among GOP lawmakers and business groups.

http://news.yahoo.com/s/ap/us_tax_cuts;_ylt=AuJdYTLKtUxZxgKBaWMQxhFv24cA;_ylu=X3oDMTJwcm1xNTV2BGFzc2V0Ay9zL2FwL3VzX3RheF9jdXRzBGNjb2RlA21wX2VjXzhfMTAEY3BvcwMxBHBvcwMxBHNlYwN5bl90b3Bfc3RvcmllcwRzbGsDb2JhbWFmYWNpbmd0


---------------------------

Let's see ...

Obama didn't listen to the "economists" two years ago who told him that the STIMULUS --

most of which went to businesses -- was only 25% of what was needed.

But, he now listens to "economists" who tell him that rewarding the wealthy with money

we have to borrow from China and Japan to give tax cuts to the rich will eventually create

jobs .... ????

Anyone agree with that reasoning?

Printer Friendly | Permalink |  | Top
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:26 PM
Response to Original message
1. 980 billion to borrow because of this scheme.
Some deal.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed May 01st 2024, 03:39 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC