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He extended them 2years because the repubs were going to filibuster everything until he did it.
From Bloomberg.com:
Obama Team Eyes Employer Payroll Tax Break - Bloomberg
That the White House is considering another round of stimulus is not too surprising given the persistent high rate of unemployment that is threatening to bump up against the 2012 electoral calendar. IMO, this stimulus should not be adopted for a number of reasons:
1. It would further exacerbate the nation's long-term imbalances, not just a short-term increase in the budget deficits, as it would increase the long-term unfunded liability associated with Social Security.
2. It would undermine any credibility of any fiscal consolidation agreement that might be attached to an increase in the debt ceiling.
3. In macroeconomic terms, it would have only a marginal to small impact. First, the multiplier with such stimulus is well below 1. That means every dollar of this form of stimulus would yield less than a dollar increase in the GDP. Second, hiring depends on expectations about sustained increases in macroeconomic demand that productivity/capital investment cannot accommodate, making it necessary for firms to expand payrolls (a recurring expenditure). Third, companies remain especially risk averse coming out of the financial crisis/recession. Hence, savings from the payroll tax reduction would far more likely be used to bolster cash than to lead to a dramatic increase in new hiring.
he had sixty senators for a year
he had 59 (and olympia snowe and susan collins and george voinovich) when this story was written:
Dems won't pass budget in 2010
he enjoyed a plurality of 78 in pelosi's place
aside from obamacare, which this president pursued with an almost ahab-like obsession, barack the slasher hussein simply has no guts
where's cap and trade?
what happened to wtf, win the future?
he doesn't even talk about green investment anymore
he's dropped ipab from his stump
he can't even run around on his auto rescue, not after wapo gave him 3 pinochios
the truth is the party in power punted on this primary relationship between the taxpayer and the internal revenue service til mere days before new years
and then he caved, bill clinton at his side, in LAME DUCK
it is what it is, the slasher's record
leadership, anyone?
it's gonna be THREE YEARS since the party in power even proposed a blueprint on paper---in times like these
if major reform is not instituted immediately to fundamentally restructure our budgets, then our big 3 social programs (as well as state pensions) will simply cease to exist in their current forms for our next generation
hurry up, harry
Dems lack budget leadership
With narrow majority, Senate Democrats adopt minimalist agenda - The Washington Post
Democrats grumble over Harry Reid's agenda - Manu Raju - POLITICO.com
embarrassed yet?
He's also had republican filibustering and "No" votes on anything he did. You embarrassed yet?
I'm not embarrassed. In fact, I'm proud of them for fighting against O'Bama's destructive policies. Just imagine where we would be had he gotten everything he wanted.
Everything he has gotten has been WHAT republicans wanted. Tax cut extensions for the rich, health care reform with NO public option but MANDATORY insurance were all proposed by the republicans in 1996; many of the SAME republicans in Congress now. We are STILL in Iraq, he started wars in Libya and Yemen, he has given the republicans the extensions of their policies they had since their control of Congress from 1994 through 2006.
I'm not embarrassed. In fact, I'm proud of them for fighting against O'Bama's destructive policies. Just imagine where we would be had he gotten everything he wanted.
How many Republicans voted for O'Bamacare? Three?
We'd have a constitutional fix to health care instead of the boondoggle we got. Its not ObamaCare, its CongressCare
What does that have to do with anything? The base of the republican party is the born again evangelicals who are racists, bigots and hate women. The republicans voted the way they did to keep their constituents in line with hating the black man. Fact remains, it is exactly what the republicans came up with in 1996 with their health care reform.
What does that have to do with anything? The base of the republican party is the born again evangelicals who are racists, bigots and hate women. The republicans voted the way they did to keep their constituents in line with hating the black man. Fact remains, it is exactly what the republicans came up with in 1996 with their health care reform.
He's also had republican filibustering and "No" votes on anything he did. You embarrassed yet?
Tax cut extensions for the rich
health care reform
We are STILL in Iraq
he started wars in Libya and Yemen
The base of the republican party is the born again evangelicals who are racists, bigots and hate women. The republicans voted the way they did to keep their constituents in line with hating the black man.
No, it is Obama and the Democrats Care. It is 100% Democrat formulated and owned. And what a giant cluster**** it is.
Lawmakers should increase the payroll tax cut to stimulate short-term economic growth and prevent a “lost decade,” former White House advisor Larry Summers argues.
In an op-ed published in Monday’s Washington Post, Summers warns of little economic growth ahead unless new measures are enacted.
First among them is an extension and increase of the payroll tax cut negotiated by President Barack Obama and Congress last year. It would be “premature” to let the two percent payroll tax cut expire as is scheduled at the end of the year and, instead, Summers says it should be hiked to three percent and expanded to employers as well as employees to help stimulate a still-struggling economy.
Asked last week if it’s an option the administration is considering, White House press secretary Jay Carney’s response was not definitive.
“Obviously there are a lot of ideas that get bandied about, both within the administration and outside,” he said. “This is an idea that’s been around for a long time, has been supported or has seen expressions of support from the business community, from conservative economists and others. But I don’t have any policy announcement to make.”
mitt romney put out an ad today which ezra klein, wapo and newsweek columnist, founder of journolist and rachel maddow's favorite heterosexual, called "devastating"
YouTube - I'm Not a Bump in the Road
better be careful, president slasher, else you might come across as out of touch
The individual mandate is a republican idea, Obama wanted single payer or a public option
not a single Republican voted for or contributed to Obamacare, though I find it hilarious that they now feel obligated to blame their own poor decisions on Republicans. :sorry:
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