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First of all, Obama has made it clear that he will raise taxes on "the rich" and if he gives in to extending the Bush tax cuts again it will not bode well with his constituents. Secondly, it is highly unlikely that the Republican controlled house will just go through with an extension of the cuts for a year as they are committed to reducing the deficit and government spending. Therefore, it is likely that they will be asking for cuts in exchange for changes to the tax code. This impasse, and inability to cooperate, will lead to another "debt ceiling debate" as we saw in 2011 which will ultimately lead to the economy rolling over "the cliff." This is no trivial matter as the economic impact of the increased taxes is roughly 3.5% of GDP in 2013. With the economy barely pushing 1.5% currently a 3.5% clip from that growth puts the economy into a very nasty recession. Of course, at that point, the Administration will start asking for further bailouts and spending programs to once again revive the economy.
More wishful thinking by the CON$ervoFascist Brotherhood.
More wishful thinking by the CON$ervoFascist Brotherhood.
Let's you and I create 2 paypal accounts with $200 bucks in each. If Obama doesn't do these 3 things
More Bailouts. More Spending. More Debt. you can have my $200 bucks but if he does, I get yours
You down for that bet?
Not much of a bet! Those three things will happen no matter which Party is in the White House.More wishful thinking by the CON$ervoFascist Brotherhood.
Let's you and I create 2 paypal accounts with $200 bucks in each. If Obama doesn't do these 3 things
More Bailouts. More Spending. More Debt. you can have my $200 bucks but if he does, I get yours
You down for that bet?
Not much of a bet! Those three things will happen no matter which Party is in the White House.More wishful thinking by the CON$ervoFascist Brotherhood.
Let's you and I create 2 paypal accounts with $200 bucks in each. If Obama doesn't do these 3 things
More Bailouts. More Spending. More Debt. you can have my $200 bucks but if he does, I get yours
You down for that bet?
Then you add in the GOP House's desire to destroy the economy by sending it over the "fiscal cliff," and people like Art Laffer saying the best thing that can happen for the GOP is for the economy to tank and the Senate GOP using their filibuster weapon trying to make that a reality, and moving the economy forward becomes an uphill battle.
As the OP shows the GOP have put their hope of regaining power in destroying the economy and blaming Obama. Nothing has changed with the election.
I agree. the first 4 years were brutal and I lost a lot of money fucking with Obama. So I can only imagine what the next 4 will be like.
the broke assholes that hate to work don't understand this. they just want an Obamaphone.
More Bailouts. More Spending. More Debt.
From StreetTalkLive via ZeroHedge:
The Next Four Years Won't Be As Good As The Last[/url]
if he gives in to extending the Bush tax cuts again it will not bode well with his constituents
I agree. the first 4 years were brutal and I lost a lot of money fucking with Obama. So I can only imagine what the next 4 will be like.
the broke assholes that hate to work don't understand this. they just want an Obamaphone.
You "lost money" and you blame it on Obama? Take personal responsibility for a change. Maybe you're simply incompetent.
Republicans are always playing the "victim" role.
Actually, Obama has a golden opportunity here.
If the Republican congress opts to continually obstruct and defeat budget legislation, the "fiscal cliff" looms. Obama should let that happen; it would mean (finally!) a significant and meaningful cut in spending on defense, a restoration of pre-Bush tax levels, and cuts to social programs that are most meaningful to old white people (disability, farm subsidies, social security, and medicare). He should let those cuts happen,
And then blame the resulting calamity on a dysfunctional Congress "led" by Republicans.
Voila!
The mid-terms will be an indictment of the GOP miscreants.
I agree. the first 4 years were brutal and I lost a lot of money fucking with Obama. So I can only imagine what the next 4 will be like.
the broke assholes that hate to work don't understand this. they just want an Obamaphone.
I agree. the first 4 years were brutal and I lost a lot of money fucking with Obama. So I can only imagine what the next 4 will be like.
the broke assholes that hate to work don't understand this. they just want an Obamaphone.
I find it odd that you'd admit to "fucking with Obama" even though you obviously don't like the "turd". Was it a hate fuck or something?
Moral Dilemna- is hate fucking turds wrong?
edit- I'm sorry but I'm dying right now. That was too good of an opening to pass up.
that's niceActually, Obama has a golden opportunity here.
If the Republican congress opts to continually obstruct and defeat budget legislation, the "fiscal cliff" looms. Obama should let that happen; it would mean (finally!) a significant and meaningful cut in spending on defense, a restoration of pre-Bush tax levels, and cuts to social programs that are most meaningful to old white people (disability, farm subsidies, social security, and medicare). He should let those cuts happen,
And then blame the resulting calamity on a dysfunctional Congress "led" by Republicans.
Actually, Obama has a golden opportunity here.
If the Republican congress opts to continually obstruct and defeat budget legislation, the "fiscal cliff" looms. Obama should let that happen; it would mean (finally!) a significant and meaningful cut in spending on defense, a restoration of pre-Bush tax levels, and cuts to social programs that are most meaningful to old white people (disability, farm subsidies, social security, and medicare). He should let those cuts happen,
And then blame the resulting calamity on a dysfunctional Congress "led" by Republicans.
Voila!
The mid-terms will be an indictment of the GOP miscreants.
Actually, Obama has a golden opportunity here.
If the Republican congress opts to continually obstruct and defeat budget legislation, the "fiscal cliff" looms. Obama should let that happen; it would mean (finally!) a significant and meaningful cut in spending on defense, a restoration of pre-Bush tax levels, and cuts to social programs that are most meaningful to old white people (disability, farm subsidies, social security, and medicare). He should let those cuts happen,
And then blame the resulting calamity on a dysfunctional Congress "led" by Republicans.
Voila!
The mid-terms will be an indictment of the GOP miscreants.
More Bailouts. More Spending. More Debt.
From StreetTalkLive via ZeroHedge:
The Next Four Years Won't Be As Good As The Last
First of all, Obama has made it clear that he will raise taxes on "the rich" and if he gives in to extending the Bush tax cuts again it will not bode well with his constituents. Secondly, it is highly unlikely that the Republican controlled house will just go through with an extension of the cuts for a year as they are committed to reducing the deficit and government spending. Therefore, it is likely that they will be asking for cuts in exchange for changes to the tax code. This impasse, and inability to cooperate, will lead to another "debt ceiling debate" as we saw in 2011 which will ultimately lead to the economy rolling over "the cliff." This is no trivial matter as the economic impact of the increased taxes is roughly 3.5% of GDP in 2013. With the economy barely pushing 1.5% currently a 3.5% clip from that growth puts the economy into a very nasty recession. Of course, at that point, the Administration will start asking for further bailouts and spending programs to once again revive the economy.
