The present tax cut legislation being debated in congress was constructed by the right wing in our country as a Red Herring to roll out every election to wedge the Democrats into a never ending tax debate. They need to put it to rest, let it expire and give the middle class a bigger tax cut exposing the GOP's hand to the American public.
Obama is about to roll over on tax cuts for the rich, I think the writing is clear. This would defy everything the man ran and stood for during his election.
Even with the right wing talking point that it will hurt the economy and jobs everyone knows the simple fact that "trickle down economics" is a crock of bullshit. It's disappointing that Obama is still willing to compromise on the tax cuts for those who have never ever had it better in the history of the country (quoting Warren Buffet).
The bottom line....
Obama is out of touch, a nice guy but out of touch....
I guess I'm guilty of stereotyping Obama as a black man who would understand the plight of the middle class and fight for the people. I thought Obama would fight harder given the fact that he may have had a harder life because of his life's situation. The reality is, Obama may have never had any real taste of what "hard times" and struggle felt like. I do feel that he has worked hard to put himself where he is but still may have had a life of privilege since graduating high school.
If Obama caves on the tax cuts for the wealthiest individuals in our country, while allowing the right wing (who strongly support those individuals) to dismantle the social safety nets of our country, then he is a total failure of a President in my eyes.
I know it's harsh but it's true. I would rather have Obama go out as a one termer fighting and swinging his fists than to roll over to the right.
It will be his second greatest mistake since bailing out the big banks and Wallstreet who now thumb their noses at us as if they were entitled to our tax dollars. We saved their sorry asses and they gave us the finger. Obama and Congress allowed them to do this without blinking an eye.
The last reality we face as a society is that we are on the verge of a collapse of the middle class and become a "dog eat dog" society. Those indidividuals who think they have been rich in their McMansions are in for a rude awakening to the reality of plutocracy. History is repeating itself!!!
"Yes We Can" was an empty promise!!
If the Democrats collapse on this issue, kiss your asses goodbye come 2012!!!