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Obama moves to the Center December 7, 2010

Posted by hslu in Economics, Obama, Politics.
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Just like Clinton moving to the center after 1994 Democrat defeat, Obama is doing the same by agreeing with Republicans on extending Bush tax cut for 2 more years and handing out payroll tax cut and social security holidays.

Also in the deal was extending unemployment benefit for 13 more months.

Who wins?

Will economy recover because a massive tax increase is avoided?

Will the American people come out ahead of this deal because they get to keep more of their money?

Do Democrats win because people with no jobs will receive 13 more months of unemployment checks?

Do Republicans win because they get 2 years of extension on Bush tax cut for all income earners and tax breaks?

I think Obama will be the winner out of this deal even if the bill didn’t pass the way it is. Obama will be able to claim credit two years from now if economy recovers. He will be able to brag that he has American people in mind when he campaign for re-election in 2012.

To hell with the Democrats, he has already claimed credit already.

Democrats will make all kind of noise but they are the losers in this deal.

 

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1. under5cents - December 29, 2010

Obama moving to the Center? Smart Change or Betrayal of Principals?
Washington – As the reality of the mid-term election results settles in Mr. Obama is at another crossroad of “Change.” Does he dig his heals in with, “I’d rather be a really good one-term president than a mediocre two-term president,” or does he go for a fundamental “Change” in his rhetoric and policies.
http://www.under5cents.com/2010/12/obama-moving-to-center-smart-change-or.html

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