Obama: Tax deal will 'create jobs for the American people'

[somone]

http://content.usatoday.com/communities/theoval/post/2010/12/obama-signs-tax-cut-extension-deal-into-law/1

Obama: Tax deal will 'create jobs for the American people'

President Obama signed a temporary extension of the George W. Bush tax cuts into law today, saying the heavily criticized package will "protect the middle class, grow our economy ... and create jobs for the American people."

Without the bill, all of the tax cuts that Bush signed into law would have expired at the end of the year, and American families would be looking at thousands of dollars in higher taxes, Obama said at a signing ceremony.

The event featured a first-time visitor to an Obama bill signing: Senate Republican Leader Mitch McConnell, R-Ky. It also featured some notable absences, including outgoing House Speaker Nancy Pelosi, D-Cal., and Senate Majority Leader Harry Reid, D-Nevada.

Obama acknowledged that many of his fellow Democrats opposed the agreement, which extends all the Bush tax cuts for another two years. Those Democrats criticized the fact that the extensions include the nation's wealthiest Americans, even at a time when the federal debt has hit $13.7 trillion.

Some Democrats, and some Republicans, also noted that the deal will add another $858 billion to that debt.

[montanacowboy]

1. Huh?

will create jobs for the American people?

on what fucking planet?

[nadinbrzezinski]

2. The one where supply side works of course!

:hi:

[Rex]

3. I hope so! Someone will have to pay the trillions we owe so get

those people to work ASAP! We have an impossible debt to pay off (kidding, our kids can do it). I'm so happy for the billionaires, they should NEVER hurt for money like the working class! :sarcasm:

[gratuitous]

4. They left off the last two words of his statement

"I hope."

[mmonk]

5. Recommended but negated by the unrecommend patrol.

[leveymg]

6. It will pay to rent the moving truck and a down-payment on the new office in Dubai.

Those are the jobs that will be created.

[HuckleB]

7. If jobs are created, this bill will not be the reason.

[Poboy]

8. Where are the jobs created in the LAST 8 YEARS?!

He has zero evidence, and much CONTRARY evidence, in study after study.
He's just repeating the Republican narrative.

[Tansy_Gold]

11. +

[mmonk]

14. SSSShhhhhhhhh!!!!

That might confuse people.

[Parker CA]

9. Quite a statement that Pelosi and Reid both skipped this. Conflicts or not, it's a clear message.

[Sherman A1]

12. Agreed, but both had the power to have handled this issue

at a much earlier time. We could have had a better bill, we could have had a campaign issue that might have left the Dems in control of the House, we might not have been screwed so badly.

I don't like the bill at all, however it was the Congressional leadership that let this thing get to where it is today.

[Marr]

19. They know he's a one-termer.

They'll still be in politics when Obama is raking in cash on the lecture circuit from the people he just gave the store to. Wouldn't want to be in this photo.

[kenny blankenship]

30. BOTH of them? Holy shit.

[Horse with no Name]

10. "some Republicans, also noted that the deal will add another $858 billion to that debt."

That will be the 2012 battle cry.
He got punked.

[Brickbat]

13. Didn't he just say it WOULDN'T?

[Poboy]

15. He will say anything they tell him to. The man has no compass, and no convictions.

[COLGATE4]

24. Yep. The 'Invertebrate-in-Chief'.

[sad sally]

44. Orwellian, ain't it?

[mix]

16. another fact-free presidency nt

[subterranean]

17. So he just gave Republicans their talking point for 2012.

Not that they needed his help for that, but if employment does increase, which it probably will, they'll say it's because of the tax cuts and therefore we need to extend them -- all of them, of course. If employment doesn't increase, they'll make the same argument they did this time: that letting the tax cuts expire will kill jobs.

[Marr]

21. They'll say it's because he didn't make the cuts *permanent*.

They're already saying it, in fact. DeMint, Limbaugh... a few others are already saying, 'we don't have a temporary economy, so we don't need temporary tax policy', explaining that the rich won't create those jobs if they think their taxes might go up in two years.

[subterranean]

25. I know, and that idea makes no sense if you think about it for more than 5 seconds.

Unfortunately, most Fox News viewers won't.

[Poboy]

26. Damn, you're right! I am listening to a yacker on Ed who is

doing this exact thing, using these points. The marching orders have been issued. They never retreat when the ROUT IS ON!

[Vinca]

18. Just like the jobs they've created over the last 10 years?

[unlawflcombatnt]

20. No. Only for the Chinese people

The rich will take their the tax cut money and invest in Chinese production,
thus REDUCING jobs for the American people.

[myrna minx]

22. Happy days are here again through the miracle of trickle down economics!

:woohoo: A chicken in every pot! Hot diggity dog!

[Smashcut]

23. "Trickle down" is now a Democratic policy.

Awesome.

[RegieRocker]

27. Excuse me?

How did we get into this mess then? The tax cuts were enacted in 2001 and 2003 and have been in effect since then. Where are the jobs!!!!!

[kenny blankenship]

28. Oh Yeeeeahhhh!

[Countdown_3_2_1]

29. And the GOP can now claim credit for any uptick in the economy.

Thanks Mr President. You just gave the pukes their campaign slogan for 2012.
All the work, Pelosi, Reid and a great congress did will be forgotten.

If the economy goes down, the Senate is in Democratic hands...not their fault.
If the economy goes up, they will take all the credit.

This whole tax deal was a trap! There were no kinder and gentler motives here.
This trap enabled a minority party to take over the govt.

Where is Admiral Akbar when you need him.

If we had stuck to our guns and called their bluff, would the GOP have had the courage to raise the taxes of EVERYONE?
--Sigh--
What is it about DC that removes spines, and douse the fires of courage?

[Johonny]

35. well Obama can to

If the economy improves it will help whoever is in office. So it will help the Rethugs in the house and Obama and probably a push in the senate. If it goes up. This of course I think makes the recovery even more likely to be shallow and only effect the riches in the country.

[Kalun D]

31. K and R

""The event featured a first-time visitor to an Obama bill signing: Senate Republican Leader Mitch McConnell, R-Ky. It also featured some notable absences, including outgoing House Speaker Nancy Pelosi, D-Cal., and Senate Majority Leader Harry Reid, D-Nevada.""

next time Mr LIAR puppet-of-the-filthy-richers president, why don't you just run as a repug, because the working class would much rather have a knife in the face than a knife in the back

[Angry Dragon]

32. Where are the jobs??

Just wait and see someone will promote a stimulus package to jump-start the economy

[MadHound]

33. Did he say this with a straight face?

Even he knows better, he even said that tax cuts didn't create jobs when he was on the campaign trail. But now that he's got this albatross around his neck, he's trying to see if he can put the best face as possible on this shit.

[moondust]

34. Is that NET jobs?

Won't some of those tax cuts for the very rich be spent on capital investments in China and India which will not only keep jobs there but perhaps enable moving additional jobs there from the U.S.?

[FLAprogressive]

36. Wishin'....and hopin'...

Good luck on this one. You got outmatched again.

[Art_from_Ark]

42. Wishin' and hopin' and thinkin' and prayin'

Plannin' and dreaming each night of their charms
That won't get you into their arms

So if you're lookin' to find love you can share
All you gotta do is
Hold them and kiss them and love them
And show the 'Pubs you care

Show them that you care just for them
And do the things they like to do
Sing "Kumbaya" just for them, 'cause
You won't get them
Thinkin' and a-prayin'
Wishin' and a-hopin'

[Hannah Bell]

51. :>)

[eridani]

37. So why didn't the same tax deal create any net jobs in the 00s? n/t

[WorseBeforeBetter]

38. Obama: Bush Tax Cuts For The Rich Won’t Create ‘One Single Job’

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=556771&mesg_id=556771

Chess, muthasuckas!

[Still a Democrat]

39. $800 billion going into the economy certainly will

The cuts for the wealthy are the least stimulative and least fair, but the package as a whole will certainly create jobs.

[HughBeaumont]

40. Errr . . .

.. . .



Hmmmmmmmmmmmmmmmmm . . . Look at the three worst periods of job growth on this chart (emphasis on the worst, which would be Teh Bewsh II Yeers) . . . . ALL of them were . . .. (drum roll) . . . TRICKLE DOWN ECONOMIES. Coincidence? :think:

TRICKLE DOWN ECONOMICS DOES NOT WORK!!

[Poboy]

52. Thanks for posting that graph.

[scarletwoman]

41. Ponies!!! Ponies for everyone!!! By the miracle of Obamagic the very same tax rates that have been

in place since 2003 will suddenly create new jobs!!!

It's 11th dimensional chess, folks! Absolutely AWESOME!

[niceypoo]

43. That was my reaction too

The tax cuts that collapsed the economy will magically rise up, like a Phoenix from the ashes, and save the day.

OR

They will keep us in the present funk for two additional years.

[scarletwoman]

45. We just have to clap harder.

[AzDar]

46. My god...he is *horrible* . He KNOWS better and has said so on many occasions.

:puke:

[riderinthestorm]

47. "Unemployment will stay below 8%"!

Who is making up the President's buzz words? Is this some kind of purposeful immolation of the Pres?

We already KNOW that this is patently false. The President has to know this too. If he didn't "know" that Summers, Geithner, Bernanke et al were setting him up for the financial tailspin, he MUST know by now that trickle down economics is bullshit.

What. The. Fuck.

[Lugnut]

48. Suuuure it will!

It worked so well for the last eight years we're going to do it for two more. :sarcasm:

[Safetykitten]

49. Supply side Republicans, Supply side Jesus joined by Supply side Democrats...

Can't beat em', join em!

[kentuck]

50. Neither Nancy or Harry showed up for the signing?

But Mitch McConnell did?

What should we take from that?