teamosil
DP Veteran
- Joined
- Oct 17, 2009
- Messages
- 6,623
- Reaction score
- 2,226
- Location
- San Francisco
- Gender
- Male
- Political Leaning
- Liberal
Didn't Obama extend the Bush tax cuts?
Sort of. He has wanted to end the cuts for the rich and extend the cuts for the middle class all along. Republicans made it clear that they would prevent him from doing that unless he extended them for everybody. During the midst of a recession a tax hike on the middle class would have made things much worse, so the lesser evil was to extend the whole thing. I doubt they'll do that again though. The Republicans will need to choose between not extending it for anybody or just extending it for the middle class this time, since we're out of the recession.
Hasn't Obama signed in less regulatory acts than Bush?
No. Quite the opposite. Bush did everything he could to destroy regulation. He put the biggest polluters in charge of the EPA, he put lumber company executives in charge of the department of the interior, etc. He de-regulated like a mofo. Obama has been doing the opposite. The EPA in particular has been ramping up regulation considerably under Obama.
Didn't Obama give out a Bailout like Bush?
Sort of. Bush started the process of bailing out the banks, Obama didn't stop it. And then Obama bailed out the auto companies. It is worth noting that the bank bailout was a failure and the auto bailout was a success. The auto bailout resulted in all three auto companies paying it back in full and now all three are profitable. That one helped actual real life working people. The banks did not pay it back and they are still screwing us just as bad as before.