Quote:
Originally Posted by ironweed
Yeah, but only one party is even nominally willing to make the rich pay more toward the giant deficit burden that I am constantly told from both sides is going to require "all of us" to make a shitload of sacrifices.
The other party is apparently willing to let taxes go up on people making $50k/year rather than take a compromise that would force people making $1million/yr pay more, or make Fauntleroy pay taxes on everything past the first $1 million daddy left him. All the Republican talk about protecting the working and middle class is bullshit, because we've just seen that the GOP would throw them under the bus in a heartbeat in the service of protecting the wealth at the top.
This is class warfare. Obama is saying that he wants to cut losses, which I can understand, but it's usually the side that's most ruthless who wins.
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Obama blinked. Boehner had already said he'd work with Obama and was receptive to allowing increases at a level in excess of $500k. McConnell bluffed and Obama caved.
Yeah, it's a stealth stimulus. But not an effective one at all. And additionally, they should have compromised on a deal that would have given the payroll tax cut to not only workers but also employers. Why employers were excluded from the party is beyond me. I don't think this stimulus will goose employment (see below), but assuming it could, not giving a break to employers makes no sense at all.
I think Obama's beginning to buy the bullshit line that corporations are holding him hostage with unemployment. That's nuts. They're not hiring because there's no need to. He and Biden every other Democrat who'd need to do so in order to get a Republican in the White House could resign tomorrow and companies still would not be hiring. It's the global economy, stupid.
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