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by president obama announced his tax cuts compromise on monday it seemed
almost guaranteed to pass congress
but today
with the press is in blue dogs expressing their distaste for the deal
its passage is in doubt
and like clockwork the white house is opt the rhetoric
chief advisor economic advisor the president lawrence summers issued this
warning to congress this afternoon
and if they don't pass this bill the next couple weeks
enormous verily increase the rest of the economy could stall out and we haven't
double-dip recession
right
this coming from the guy who's policies of the bill clinton laid the foundation
for our current economic recession
is also lose his job at the end of the year
where was this sort of alarm is in from the white house
before the great tax-cut compromise
they help to want to go to get republicans on board
something like you know if we were near a tax cut for millionaires and
billionaires were born our country gate in greater depth to the chinese
which will ruin our long-term economic output outlook rather
is exactly what we're poised to do right now
or with a health care debate if we don't pass a polygon shelbyville mechanism
whatsoever to stop for-profit insurance companies from jackie amperex
indefinitely
which we are seeing today
or the financial reform debate if we don't break up into a bigger failed
banks and true but if they are all still exists and threaten a crash our economy
once again
citicorp in the like
there's still too big to fail
or the stimulus today
if we don't pass it to a trillion dollars stimulus package will be a look
at the heirs slower economic growth in near double-digit unemployment
which is exactly the type of economic recovery we see today
so why is it that the white house uses alarming threats to get democrats to
vote for their crummy deals but not to put pressure on republicans at the
negotiating table
back in september republican john bainer said this on face the nation
you know we option i have
as the boat for of some of those tax uh... reductions pablo forum
but i've been making a point now for months that we need to extend all the
current rates
uh... for all americans if we want to get our economy going again and willing
to get
but he was on the floor
so why didn't president obama ensure that the only option for john bainer
was middle class tax cut someone
the white house squander the tax cut issue just like they did health care
only this time
easy
really easy fight to win
the public support in letting tax cuts expire for the rich
past economic experts like alan greenspan for goodness sakes supported
the restoration even republican ideology focused on our national debt
with led to the conclusion
that this extension is a bad idea
president obama dropped the ball and now he's dispatched lawrence summers cover
his tracks the screening
fire
and they work
he may get a scripted deal through congress
but in doing so he's handing a huge pile of ammunition to his republican opponent
went well
for that entire year
millionaires will have their tax cuts
but unemployed people are going to be flat on a lot
as he heads into the election twenty twelve the republicans will make a
campaign issue at his two percent social security tax cut calling a deal bomb a
tax cut
demanding they continue it
which if he does
will drill a hole in social security making it easier for republicans argue
to privatize it
and tax cuts for the middle class will continue to be tied to tax cuts for the
rich which is exactly how the republicans want it
and are going to keep it
this isn't just a bad deal with republicans have offered president obama
it's a trojan horse
filled with things that'll come back to haunt him an attack in a two thousand
twelve election
and again it he's angered most of his base which she has to be called
sanctimonious and rama manuel famously called a professional left
so let's all hope the calmer winds were has in congress prevail
and the president is forced to confront the republicans it'll be better for the
country and two thousand twelve
better for him