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View Diary: President Obama signs tax cut deal into law (328 comments)

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  •  Look at it from the President's perspective ... (6+ / 0-)

    He gets a second stimulus to boost the economy and put him in better shape for 2012. He can blame the Republicans for forcing him to give tax breaks to the wealthy. Yes, this bill has been written to revisit the issue in 2012, but my guess is that he will push for a complete overhaul of the tax code, making that irrelevant. This will give him an opportunity to put the Republicans on the spot to come up with serious ideas for reducing the deficit. Will they call for cuts in Social Security? Yes--and the public won't be happy. Look for this as a major theme of the State of the Union.

    •  I feel a great deal of sadness (3+ / 0-)

      over all these compromises and it is difficult to see a silver lining or hope that he will change.  But maybe I will be surprised.  After all, Obama is going to have to fight on something sooner or later, and I suppose one could argue the following:

      -  Some stimulus is better than none at all, at least in terms of electoral prospects in 2012.

      -  Republicans will still support tax cuts for millionaires, and tax cuts for millionaires will still be unpopular in 2012.

      -  An upcoming election tends to clarify the mind.

      I'm not too optimistic.  I blame Congress for not acting sooner and see some slight areas of grey - but this is not a signing that I'm celebrating.

      "Die Stimme der Vernuft ist leise." (The voice of reason is soft)

      by ivorybill on Fri Dec 17, 2010 at 03:25:27 PM PST

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      •  I can feel my country leaking away, (3+ / 0-)
        Recommended by:
        tmo, Kentucky DeanDemocrat, blueoasis

        a drop here, a flood there, as well as a gusher now and then.

        Then some morning, we will wake up in another country, in another era.

        And our children will ask us, "What happened?"

        And we can tell them, "We didn't have the votes."

        Do what you can with what you have where you are - Guild of Maintainers

        by bablhous on Fri Dec 17, 2010 at 03:56:27 PM PST

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    •  tax cuts are not a real stimulus (5+ / 0-)

      we need a new deal - tax cuts by themselves don't work - economics 101.

      •  This wasn't tax cuts by themselves as you say. (0+ / 0-)

        This was much, much more.  

        By the way, is VP Biden considered a liberal or not by the Meet My Standards Club here at DKos?  By all accounts he is the one who negotiated this deal and yet I never hear his name mentioned.

        All of the vitriol that spews is directed toward the President.  That's kinda strange because when Cheney was at fault the vitriol was rightly directed at him, and when it was Bush, at Bush.

        Hmmmm, what's different here?

        I support the President.

        by Blogvirgin on Fri Dec 17, 2010 at 03:32:46 PM PST

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    •  Leave Obama aloooooooooooooooooooone! (4+ / 0-)
      Recommended by:
      714day, bablhous, slave138, socal altvibe

      Good lord, the man surrendered before there was a debate and to you he's Mr. Womderful.

      "Given the choice between a Republican and someone who acts like a Republican, people will vote for a real Republican every time." Harry Truman

      by MargaretPOA on Fri Dec 17, 2010 at 03:34:06 PM PST

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    •  how is this a stimulus at all? (3+ / 0-)

      These tax rates have been effective since 2001(!!!)

      Obama is extending the status quo. If these tax rates were so stimulative, we would have seen them in action throughout the last decade and these past 2 years of recession.

      The only new thing here is the payroll tax holiday--and sure it will have about as much effect as the $300 checks we all got last year--great for credit card companies and utilities and cable companies--people pay debts in these times with tax rebates.

      So we add $900 to the national debt extending the same tax rates we already have and put Social Security on a path to ruin should this "holiday" be extended once again. And of course an even lower estate tax for the children of our Barons and Dukes. Oh and we get no stimulus. What a victory for the middle class!

      "People place their hand on the Bible and swear to uphold the Constitution. They don't put their hand on the Constitution and swear to uphold the Bible."

      by michael1104 on Fri Dec 17, 2010 at 04:04:01 PM PST

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    •  BO working to destroy Social Security (0+ / 0-)

      What you see as a stimulus many others see as a way to defund Social Security.  No doubt the Republicans love it - they have been wanting to destroy Social Security for years now they have a Democratic President that shares their goals.

      History will mark this day as the beginning of the end of Social Security.  I deeply regret voting, working and donating to his campaign.  I wish I had voted for McCain - at least he makes no bones about the fact that he hates everything the Democratic Party stands for.  Easier to fight that than a lying coward like BO that sells us out every time he turns around -

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