OBAMA CAVES ON TAX RATES BUT NOT BY CHOICE
The Obamatrons immediately began spinning that this was a win for Obama because of the extension of unemployment benefits. Yet throughout his announcement Obama not only apologized for the extension of the Bush rates by saying he was against ,"cutting taxes," for the , "rich," but he attempted to take credit for the extension for those making under 250K AND the payroll tax decrease.
Obama and Democrats NEVER wanted the tax rates extended in the first place otherwise this would have been addressed several years ago. When pressure started mounting they conceded to an extension for ONLY those who made less than 250K claiming that any extension for those making more was a tax cut for the rich. This has NEVER been about a tax cut but an extension of tax rates which have been in place for nearly ten years.
Had Obama NOT agreed to this he would have been held solely responsible for the largest tax increase in history. Republicans and a few Democrats took a unyielding stance against raising ANY taxes and Obama had no choice but to go along. His leftist base have already expressed their anger at the agreement and some are stating that because of this Obama will be challenged for the Democrat nomination in 2012.
The massive defeat Obama and the Dems suffered in the mid term election is already having an impact as Republicans made a principled stand against any tax increase despite Obama and the Dems fighting it tooth and nail. Ultimately even before taking control of the House in January and a much stronger position in the Senate the GOP stand forced Obama to defeat and the Bush tax rates will remain along with addition a payroll tax decrease. Obama refuses to understand that this deal is what the people wanted and that we are his boss and not the other way around. This is a victory for America, conservatism but most of all for the people of The United States.