This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
Obama Capitulates to Republicans - by Stephen Lendman
Despite campaign pledges and President Obama opposing extending tax cuts for households earning over $250,000, another promise made was broken. At the same time, while supporting them for working Americans, he said doing so permanently is unaffordable. Unsurprisingly, a December 6 White House press release issued a "Statement by the President on Tax Cuts and Unemployment Benefits," saying:
While "disagree(ing)" with Republicans, he capitulated, arguing that "without a willingness to give on both sides, there's no reason to believe (the current) stalemate won't continue well into next year....I am not willing to let that happen....it would be the wrong thing to do."
"As a result, we have arrived at a framework for a bipartisan agreement." Everyone will get a tax cut on income, capital gains, dividends, and the Bush enacted federal estate tax that lapsed at the start of 2010, including the super-rich (who deserve higher, not lower taxes), Obama caving to Republicans and deep-pocketed donors who'd likely give less if they paid more.
In Obama-speak, we need to make "tough choices...to secure our future and our children's future and our grandchildren's future" by:
-- permanent wars;
-- greater super-rich enrichment;
-- temporary populist benefit extensions; as well as
Next Page 1 | 2 | 3 | 4 | 5 | 6
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).