Obama's Tax Cut Deal isn't a Cave to the Republicans

December 8, 2010 RSS Feed Print
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When I first heard that the president cut a deal with the Republicans to extend the Bush tax cuts for all Americans, including the top 2 percent of earners which the president repeatedly stated he would not, I thought, like many Democrats, that he caved.

Often in my life when I offer someone a job, or have an idea I run by them, they will tell me: "Let me sleep on it."

So I slept on the president’s announcement.

This morning, I awoke feeling less angry and more focused. I have always known that the best negotiations are when you leave something on the table but get most of what you desired. The president, the Democrats and America desired that unemployment benefits be extended. The youth and seniors of America desired a tax break when it comes to Social Security. The middle and lower income households desired that the tax cuts be extended for them.

[Read 10 Things You Didn't Know About the Bush Tax Cuts.]

When I was on TV this morning, I likened the GOP threatening to block any legislation until they got their way to my toddler lying down and kicking his feet at Target when he can’t get another Matchbox car. The president, like many parents, gave into the tantrum to stop the fighting, the chaos. But then the president did me one better. He likened the situation with the Republicans to a hostage crisis; with America being held hostage by the GOP. In other words, the president cut a deal to temporarily save our butts, America. And now, he is asking the Democrats to stand by him and to work with the Republicans to get this done, this year.

Normally I would say to the Democrats fight, grow a spine! But when I look at the last administration and how the Republicans rallied around Bush when his poll numbers were dropping, with the knowledge that he conducted illegal wiretaps, invaded a sovereign nation based on a lie, and trampled on the U.S. Constitution too many times to count, I feel, give the president a pass. Back him. For the sake of the presidency, for the sake of the party and for the sake of the country.

[Read more about unemployment.]

The Bush tax cuts for the past decade didn’t result on job creation or economic growth; economists know that, politics aside. If this is what must be done to prevent more people from losing their unemployment benefits and allowing them the opportunity to feed their families or pay for their healthcare, then so be it.

Obama is the president to all of us. The employed and the unemployed, the rich and the poor and those of us in between, the GOP, the Democrats, the independents and the (my new word, thank you, from a recent caller to my show!) teapublicans.

Yesterday, when the president spoke and defended his actions, his credibility and his strength, I saw that man who spoke of hope. I saw that man who spoke of change. I saw the man I voted for and my faith in him was restored. And at the end of the day, if the economy’s still bad in two years, he can always blame the Republicans for demanding these tax cuts for the rich, right?

Tags:
Democratic Party,
social security,
Obama administration,
taxes,
Republican Party,
unemployment,
Barack Obama,
federal taxes

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bill of mo.i can not let your comment stand uncallenged,to blame clinton and acorn for the financial incompetence of george bush and the g.o.p.is hypocrisy at it,s zenith.as of today these rates for eight years,i repeat eight years they have done squat for job creation in this country,but they,ve done well at at seeing good paying jobs going overseas.you still refuse to acknowledge the undisputed FACT that are engaged in two wars that are not being paid for.till you factor this into equation you are being dishonest about spending and how large the budget deficit really is.

bruce b of NV 6:36PM December 09, 2010

Just learned from Mort Zukerman on MSNBC that he is against extending the Bush Tax Cut for the rich. Now I can listen more to what he has to say about the deficit.

If Obama had invested as much time and zeal on taking a principled stand and fighting for the progressive agenda as he now invests attacking and blackmailing Democrats, he might have achieved more and gotten a better deal in Health Care Reform, tax give away to the rich and other major issues of interest to his base and the great majoriity of the American people. One blog on New York Times of today says it so well and summarizes what is lacking and what is at stake so wisely and eloquently as follows:

FROM A BOSTON BLOGGER (“GEMLI”) ON NEW YORK TIMES TODAY--FOR YOUR IMMEDIATE ATTENTION

"Republicans have no trouble drawing lines in the sand. They do it gleefully, heedless of whom it might hurt, and play the game for all it’s worth. They cannot disappoint their corporate masters, nor do they want to. The rest of us can starve, become homeless, and work until we die, which will be soon enough when they repeal Obamacare. It’s not that the Republicans are unwilling to serve, it’s just that they’re not willing to serve the people who elected them. I guess they don’t see any advantage to doing so. So Mr. Obama has to toe their line, and cave on an issue that gives temporary relief to the desperate jobless whose benefits are about to expire. But the price is to feed the very beast that caused the joblessness in the first place. No matter how important the immediate gain, the long term effect is to further increase the disparity between rich and poor, and funnel more money to people who have so much of it they don’t know what to do with it. Mr. Obama should have said No, and made the Republicans take a stand against desperate working people, and reveal what they are truly made of. Instead, he wants us to feel grateful for getting scraps, while the privileged few eat steak. Something is wrong with this picture."

Dr. Sam

Dr. Sam of CA 1:27PM December 09, 2010

I just heard that the Democrats have rejected and refuse to vote on Obama’s compromise. This shows that the Democratic are a bunch of idiots who would rather destroy the American economy by taxing job creators, taxing corporations and giving the corporations more reason to move jobs off shore than really help the American people. If you think this country can survive by punishing success you are an absolute fool. The reason China’s economy is thriving is that they have embraced capitalism. All of Europe, who went the way America is now headed, is so far in debt they may never get out and so many entitlements were promised that now that it is obvious that the entitlements are going to bankrupt Europe, the spoiled citizens are rioting when these entitlements have to be reduced or taken away. This is where the Democrats are taking this country. And don’t give me the crap about not charging the extra tax is costing 700 billion. First of all it is not giving the evil rich a break; they were just not going to be charged more. Next it has been shown that for every dollar of taxes the government brings in it spends one and a half dollars. So by not increasing taxes were are not losing 700 billion we are saving 1.05 trillion. The democrats are a bunch of economic fools. I have read so many posts from Dems, that it was obvious that for them it was not about revenue, it was about wanting to punish someone who has done better there than them. I am also sick of hearing this not taxing billionaire crap. There are only 403 billionaires in the US. Are you so petty and jealous that you want to hurt the already fragile economy so you can feel like you got revenge on 403 people? My job puts me in direct contact with several millionaires(not billionaires) and believe me, if you make it easier for them to keep and invest their money it gets spend or invested and does the economy much more good than the stimulus package that in reality only created temporary jobs at the cost of $400,000 each. Regardless of what Democrats believe it was earned by the individual, it does not automatically belong to the government.

Last thing, do not start with how Republicans started this mess, a huge part of the problem was the housing market and people buying homes they could not afford. The republicans tried to reform lending practices, but the Dems blocked the attempts. Chris Dodd made one of the most idiotic statements ever made, that “passage of such a requirement would restrict home ownership to only those who can afford it. “

kewaal of GA 12:32PM December 09, 2010

Leslie Marshall

Leslie Marshall

Leslie Marshall is a nationally syndicated radio host heard nationwide weekdays from 7-10pm Eastern time on radio and streamed live at www.lesliemarshallshow.com. Leslie is also a Fox News contributor seen weekly on The O'Reilly Factor, America Live, monthly on Hannity and she sits in for Bob Beckel as one of the co hosts on The Five. She lives in Los Angeles.

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