Why exactly would Obama ignore this sort of thing?
With income tax rates set to go up on Dec. 31, Congress is hotly debating what to do next. But most economists agree: Keep them where they are.
One option, to let the tax cuts passed during the Bush administration expire for only the richest 3% of taxpayers while renewing them for everyone else, is popular among Democrats and the choice of the Obama administration.
But a majority of a panel of leading economists surveyed by CNNMoney.com said that the tax cuts should be renewed for everyone.
Obama keeps telling us he wants to do something about the jobs situation... economists are telling him what to do... unfortunately, it goes against the core of his ideology.
We will suffer as a result.
Job recovery begins in November.
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Economics
Comments (10)
It would appear the average... (Below threshold)1. Posted by DaveD | September 21, 2010 7:03 AM | Score: 2 (2 votes cast)
It would appear the average American has a better grasp of economics than anyone in the Obama administration. And the elite are troubled by the possibility of having legislators elected from the unwashed masses?
1. Posted by DaveD | September 21, 2010 7:03 AM |
Score: 2 (2 votes cast)
Posted on September 21, 2010 07:03
2. Posted by Falze | September 21, 2010 7:16 AM | Score: 5 (5 votes cast)
Why exactly would Obama ignore this sort of thing?
Ummm...because he's a classic economic fascist straight from the playbook of Mussolini?
Wait, that was a rhetorical question, wasn't it?
2. Posted by Falze | September 21, 2010 7:16 AM |
Score: 5 (5 votes cast)
Posted on September 21, 2010 07:16
3. Posted by Roy | September 21, 2010 8:57 AM | Score: 2 (2 votes cast)
It's very easy to ignore that which you do not comprehend.
3. Posted by Roy | September 21, 2010 8:57 AM |
Score: 2 (2 votes cast)
Posted on September 21, 2010 08:57
4. Posted by Michael Laprarie | September 21, 2010 9:57 AM | Score: 1 (1 votes cast)
60% of Americans also opposed ObamaCare. Obama and Congress ignored them anyway. Same thing here.
And of course the Democrats will blame the Republicans.
4. Posted by Michael Laprarie | September 21, 2010 9:57 AM |
Score: 1 (1 votes cast)
Posted on September 21, 2010 09:57
5. Posted by GarandFan | September 21, 2010 10:29 AM | Score: 0 (2 votes cast)
Why? Because Barry is a One Trick Pony, incapable of changing. You'll notice that HE makes no mistake; those are made by others.
5. Posted by GarandFan | September 21, 2010 10:29 AM |
Score: 0 (2 votes cast)
Posted on September 21, 2010 10:29
6. Posted by irongrampa | September 21, 2010 10:32 AM | Score: 1 (1 votes cast)
A tax cut is a misnomer--a cut simply means the gov't takes LESS of YOUR money.
6. Posted by irongrampa | September 21, 2010 10:32 AM |
Score: 1 (1 votes cast)
Posted on September 21, 2010 10:32
7. Posted by 914 | September 21, 2010 11:30 AM | Score: 0 (0 votes cast)
There must have been a mix up somewhere? Barry's pie chart shows a 99.9% piece for him.
7. Posted by 914 | September 21, 2010 11:30 AM |
Score: 0 (0 votes cast)
Posted on September 21, 2010 11:30
8. Posted by Tsar Nicholas II | September 21, 2010 2:18 PM | Score: 0 (0 votes cast)
Since when do facts matter to neo-Marxists??
8. Posted by Tsar Nicholas II | September 21, 2010 2:18 PM |
Score: 0 (0 votes cast)
Posted on September 21, 2010 14:18
9. Posted by Jim Addison | September 21, 2010 7:01 PM | Score: 0 (0 votes cast)
Leave Obama alone! What can you people possibly want now? He gave you "Recovery Summer" already. He arranged so you don't have to pay back all the money he blew on his unions and cronies - let the grandkids worry about that.
I mean, can't he just eat his waffles and buy his shrimp in peace? The man has a tee time to make, for crying out loud!
9. Posted by Jim Addison | September 21, 2010 7:01 PM |
Score: 0 (0 votes cast)
Posted on September 21, 2010 19:01
10. Posted by rich K | September 22, 2010 9:15 AM | Score: 0 (0 votes cast)
Extending them wont do a damn thing to fix what they broke.
What they broke is Consumer and Investor Spirit. Until they figure out how to fix that,nothing is going to get better for the funemployed. And with interest rates at effectily Zero, money might as well be buried in the yard as sitting in a bank or bonds.
And Jim is right. If we leave him to eat his waffle maybe he might choke on it.
10. Posted by rich K | September 22, 2010 9:15 AM |
Score: 0 (0 votes cast)
Posted on September 22, 2010 09:15