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December 7th, 2010
07:15 PM ET
Did Obama flip-flop on Bush-era tax cuts?
U.S. President Barack Obama is going along with a plan that will extend Bush-era tax cuts to wealthiest Americans in exchange for extending jobless benefits for 13 months and lowering the payroll tax by two percentage points for a year.

Do you think the President went back on one of his campaign promises, or was this flip-flop forced? Leave your comment below!
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On Twitter
Italians who use English and other foreign words in official communications could face fines under a newly introducâ€twitter.com/i/web/status/1…Il
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@cnnbrk on Twitter
The one THING I AM real sure of: EVERYBODY has to VOTE/NOT SIT OUT AND THEN COMPLAIN WHEN ONLY THE THE FRIENDS OF THE RICH GET ELECTED
Capitalism was just a short cut to conmunism.
Soviets had Party bosses with black sea compounds.And Soviets had Siberian Gulags.
We have a more perfect model.
An upper income strata insulated from everyday low lifes by a political and corporate machine.
The American worker is placed on a treadmill and told "you are free."
"Now run a little faster."
No education, No problem. You can make six figures working as a prison guard in our booming prison industry.
Stock up on food, water, and vodka. Books are optional.
I haven't seen a single broadcaster comment on how the joint tax cut plan will add $1.5 trillion to the national debt. The President had indicated previously that letting the top 2% tax bracket rise would add $700 billion in revenue. Now that is gone and instead we're presented with $800 billion in new costs. That $1.5 trillion, sound like real money to me.
The rich keep getting richer and will do anything to keep getting their way. I am horrified to think I am raising my children in a country where the elected politicians would hold the livley hood of soo many americans hostage in order to keep the rich rich. My husband was laid off during the Bush bail outs, and because the companies that were bailed out then procceded to move their jobs out of the country, there is no work. To hold the unemployment benifits of so many hard working citizens hostage during the holidays is inexcusable. I aplaud President Obama for thinking of the "little people" and doing what he thinks is best for this country. Maybe if the Republicans thought about real americans instead of lining their own pockets, this country would have never gotten in this situation or been fighting in a 8 year war that costing more money than even my great-grandchildren will be able to pay off.
Flip flop? No. Compromise? Yes.
As a right of center Democrat who is well aware of how politics work in DC, I am amazed of how Obama handled this situation. He didn't allow the Senate the time to debate the House bill. Hell the House hadn't even gone home and Obama was caving sending Geitner of all people to help broker a deal, the same guy who got all the bailout money for his friends on Wall Street. Did he really believe that Geitner would have delivered anything else!!!
This was a moment that Obama could have used to expose the Republicans for what they are but instead he showed his hand before the last card was even dealt, and for that he FAILED!!!! I can assure you not one Republican Senator would have voted against party line- but dam it we have the majority and Obama should have strong armed those Democrats who were not on board with passing a similar bill as did the House.
I have been a spectator of the sport of politics for many years and I have been able to understand many compromises that have happened against the will of the majority, but this one and its haste will puzzle me for a while because for the life of me I cannot understand what Obama stands to gain in this offering.
2%
own 50% total financial wealth
get 30% total income
got 75% income increase 2001-2007
created lowest job number since Hoover in 8 of Bush
Gave us two dumb wars
Ran up 6000B of Debt or more than we had after 225 years
Ran up 92% increase in spending
Yes! Rich got ultra rich Others just got by
Made America number one in "Inequality" in major nations...
Do not need a Tax Cut
Much of incoem 2001-2007 was gambling in Casino Derivative Of America,
In 2009 all time Income record–4003 million -300million–2000 million–1000 million
Each by ONE gambler in Casino Derivative
comments welcome cswinney2@triad.rr.com
olduglymeanhonest
OBAMA WILL NOT SAY IT BUT I WILL
Clinton left Bush Heaven On Earth
Bush left Obama Hell on Earth
Clinton left Bush an 1800B Budget and four balanced budgets
Bush Left Obama a 3600 Budget
Clinton left Bush a 5700B of Debt
Bush left Obama 11,800B of Debt
Clinton left Bush a 237,00 net new jobs created per month
Bush left Obama a 31,000 lowest since Hoover.
Clinton left Bush Peace on Earth
Bush left Obama Hell on Earth Two disastrous wars
Clinton left Bush a President most highly rated of any peacetime President in Asia, Africa, Europe.
Bush left Obama the most hated President in history
Bush left Obama an Housing Tsunami and Financial Volcano
Bush left Obama, in 2008, an 8500B Bail out commitment
Bush left Obama his Takeover of Fannie/Freddie, AIG, and first bailout of Chrysler
 clarence swinney political historian lifeaholics of america
comments welcome at cswinney2@triad.rr.com
Obama did not flip flop. He was, and is, passionately opposed to giving tax cuts to the wealthiest 2%. What he did was recognize that the Republicans were very willing to give everyone a tax increase on January 1 (and blame him for it) and then they would be submitting the same exact demands but even less willing to compromise.
Obama made a better deal than I expected and was smart to do it in a way that will make this same debate front and center in 2012.
I may switch to the gop and vote for Palin in the primaries just to jerk them around. She won't win the general against Pres. Obama and he deserves it easy for a change!
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