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So Come 2 Years from Now When the Newly Extended Tax Cuts are Set to Expire...

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LAGC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:47 PM
Original message
So Come 2 Years from Now When the Newly Extended Tax Cuts are Set to Expire...
...AND the national debt is trillions of dollars higher...

If unemployment is still hovering around 10%, what's the "solution" going to be then?

Is this a battle this President really wants to fight in 2012?
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:50 PM
Response to Original message
1. YES, it's a fight Obama wants in '12. He's AGAINST the extension for the wealthy,
and SAID so. He'll be able to prove he was RIGHT.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:53 PM
Response to Reply #1
2. He doesn't need to prove shit. If he did, those he needs to prove it to don't care/listen anyway.
Edited on Mon Dec-06-10 06:54 PM by high density
We have the data from the past eight years that shows tax cuts for rich people creates zero jobs.
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DontTreadOnMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:55 PM
Response to Reply #1
4. I can't stop laughing!
Obama just bet the farm that the economy will recover by 2012... he won't be able to "blame" anyone in 2012 if it doesn't happen.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 07:03 PM
Response to Reply #4
7. "Obama just bet the farm that the economy will recover by 2012"
Why not? If it doesn't improve the tax cuts will be the least of his worries.

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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 07:07 PM
Response to Reply #4
8. No he didn't. He did what he HAD to do to help the poor and middle class. He also
said he's against any extension of the tax cuts for the rich, and he doesn't think it'll help the economy, but the Repubs. are demanding it. So if the economy doesn't recover by '12, he'll have proven the Repubs. wrong.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 06:54 PM
Response to Original message
3. They will all expire.
Edited on Mon Dec-06-10 06:54 PM by ProSense
There will no longer be an economic justification for a middle-class tax cut. The President seemed to have used this to secure unemployment benefits for a longer period and several other initiatives.

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DontTreadOnMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 07:01 PM
Response to Reply #3
5. Obama just set himself for a lose-lose situation
If the economy gets better, the tax cuts for the rich worked, and then they will be voted permanent.
If the economy stays the same, even with the tax cuts -- the arguement will be made that we have a poor leader who can't get the job done.

Obama loses either way.

Meanwhile... Obama just helped starve the beast. When we start firing more policeman, fireman, and teachers -- because not enough tax revenue -- remember who was President at the time.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 07:02 PM
Response to Reply #5
6. Don't agree.
"If the economy gets better, the tax cuts for the rich worked, and then they will be voted permanent."

No, there will be no reason to deal. None.

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