Mr. Cynic sez: Obama's gonna need the tax cut for himself.

[Atman]

Okay, I admit that I'm out of other explanations for Mr. Obama's insistence on giving in to the GOP on an issue that has overwhelming popular support -- as high as 67% in most recent polls -- which would add close to a trillion dollars to the very deficit the GOP claims they want to cut. After all, Bush got his cuts passed with a 51-50 vote achieved only by Dick Cheney's tie-breaking vote. The Senate actually scored significant victories on BOTH proposals yesterday, just not the 60 that appear to apply only when Democrats are in charge.

So, Mr. Cynic now guesses that Obama already figures he's gonna be a one-termer, and therefore will actually need that tax cut, which will not coincidentally expire after the end of his one term.

Hey, it's a stretch, but logic doesn't seem to be part of Obama's thinking, either.

:shrug:

[quinnox]

1. No, thats insulting to Mr. Obama

And I'm not an Obama cheerleader either.

But as a former president, Obama won't have any trouble making tons of money, I think that is without doubt. The highest tax rate would have to go to oh say, 75% or higher, for this to even be considered something to worry about for him.

[Atman]

4. I don't disagree with you, but...

As I said, I don't see where logic applies here.

However, I actually have a far more plausible explanation that some might think requires a bit of tin foil; Obama -- and America -- are being held hostage by the very wealthy Wall Street and business players sitting on record caches of cash while refusing to invest or make loans. They are holding back the US economy intentionally, essentially extorting Obama to keep their beloved tax cuts. When they get (which, face it, they will), they'll free up the capital, start investing, the economy will finally see real growth -- and the GOP will be able to take credit for the resulting recovery.

[quinnox]

7. Sounds like a reasonable possibility to me

Especially the part of the republicans getting the credit. Don't need much tinfoil for your theory, in my humble opinion.

[DonCoquixote]

2. Obama is not even in the neighborhood

Of the rich backing the tax cut, then again, neither are the Clintons, or even the Fox news staff.

As Chris Rock said "there are rich people, and then there is WEALTH" If Steve Forbes or George Bushall of a sudden became as rich as barack Obama, he would hang himself because he lost so much money!

[BzaDem]

3. The polls show that 85% do not want the middle class tax cuts to expire. Something tells me that by

ensuring that the middle class tax cuts don't expire, he is not ensuring that he is a one-termer (despite the great hopes of many here who think they represent a non-negligible portion of the base).

[Atman]

5. See my post #4

.

[alcibiades_mystery]

6. Preposterous