?

Log in

No account? Create an account

Previous Entry | Next Entry

Obama Will Keep Bush's Tax Cuts

Is this really the "change" you voted for, America?  Or what you thought you were voting for?

"Obama is said to be reconsidering one key campaign pledge - his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he instead might let those tax cuts expire as scheduled in 2011" 


Gee, Obama really took you Americans for a ride, didn't he?

And tell me something, readers: Why is this article I find on the Globe's paper website EDITED, REARRANGED and ALTERED from what is in my NEWSPAPER?  Can you say CENSORSHIP?


"Obama vows swift stimulus package" by Jackie Calmes and Jeff Zeleny, New York Times | November 23, 2008


WASHINGTON - President-elect Barack Obama signaled yesterday that he would pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail....  In the Democrats' weekly radio address, Obama said he would direct his economic team to design a two-year stimulus plan with the goal of saving or creating 2.5 million jobs....  He said he hoped to sign the stimulus package into law on Jan. 20. Obama is already coordinating with the Democratic leaders of Congress, who have said they will begin work in December. 

I keep trying to find the paragraphs in my paper, but this thing has been butchered, readers!

With the worsening economic turmoil certain....  Obama's advisers say they are intent on trying to use the crisis as an opportunity to act on many of the issues he emphasized in his campaign, including cutting taxes for lower- and middle-class workers, addressing neglected public infrastructure projects like roads and schools and creating new "green jobs" through federal business incentives for energy alternatives and environmentally friendly technologies.

In light of the recession, Obama is said to be reconsidering one key campaign pledge - his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he instead might let those tax cuts expire as scheduled in 2011, effectively delaying any tax increase while he gives his stimulus plan a chance to work.

Tomorrow, Obama plans to introduce his economic team....

Now, WHY CUT THIS NEXT ITEM, readers?


which will also include Jacob J. Lew, a budget director under former president Bill Clinton who will serve as National Economic Council director....

Didn't want us to know that ANOTHER CLINTONITE was staffing the "change" administration?


Now back to the butchery:


Former Treasury Secretary Lawrence H. Summers is to be director of the National Economic Council in the White House, the president's principle economic adviser and policy coordinator, according to an Obama aide.  The economic team will also include Peter R. Orszag, head of the Congressional Budget Office, who will be the next White House budget director....  

"There are no quick or easy fixes to this crisis, which has been many years in the making," Obama said. "And it's likely to get worse before it gets better. But January 20th is our chance to begin anew, with a new direction, new ideas and new reforms that will create jobs and fuel long-term economic growth." 

Yup, "new, new, new," -- with OLD CLINTON HANDS!!!!   Oh, America, were you ever snookered by this guy! He's slicker than Clinton ever was!!!

Some Republicans might be won over should Obama decide not to repeal the Bush tax cuts for those making more than $250,000. By simply letting the cuts expire after 2010, as the law provides, Obama would in effect delay the tax increase that high-income taxpayers would have faced in the next year or two under his original plan.

That could have both economic and political benefits. Obama would not be open to the charge from Republicans and other critics that he is raising taxes in a recession, which many believe is counterproductive. By letting the tax cuts expire, Obama would get the benefit of higher revenues in 2011 and beyond to help finance his promised health care plans without having to propose raising taxes on the affluent, and without the Democratic majorities in Congress having to take a vote on a tax increase. 

Yup, YOUR FATE is all about POLITICS, America!!  Where is YOUR BAILOUT, and how come Congress isn't scrambling for you like they did for the BANKS?


The rest is all hatchet job filler, and honestly, I am sick of taking the time to hand-type MSM bullshit.  You get the point of everything; can you understand why I am in such agony and distress after chomping down Zio-prop s*** for breakfast?

--more--"

Profile

truthrocker
Rocker's Photo Blog

Latest Month

October 2015
S M T W T F S
    123
45678910
11121314151617
18192021222324
25262728293031
Powered by LiveJournal.com
Designed by Jamison Wieser