Barack “Chicken Little” Obama Caves In!!

The first lesson anyone who works with criminals holding someone hostage is to never give into initial demands, because any sign of weakness only encourages hostage takers to demand more and more. The Republican party refused to extend unemployment payments to over two million unemployed people unless the president agreed to continue Bush era tax cuts. That tax cut cost this nation an estimated $4 Trillion in lost revenue for the federal government. Many Democrats urged the president to draw a line in the sand and refuse to cave in, but when it comes to taking any type of stand, the president is long on rhetoric and short on action. He apparently will allow the tax cuts to continue because the hostage takers have won the battle of nerves. “I have argued we can’t afford it now. But, I have also said we have to find consensus here because a middle class tax hike would be very tough not only on working families, it would also be a drag on our economy.”

The issue is not abandoning tax cuts for the middle class, the issue is refusing to make the wealthy get even wealthier. In 1980, the top 1% of people received about 9% of the wealth, today they receive 24.5% of the wealth, and the renewal will make them even richer. Just about every poll indicates a majority of Americans do not agree with reducing taxes on the wealthy. The issue is whether Barack Obama has the guts to take his case to the American people. The issue is whether he trusts in the intelligence of the American people or does he believe Fox News speaks for the people of this nation? A leader has to educate the population. In Barack Obama, we do not have a leader. We have a man with the backbone of a chocolate eclair!!

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  • Name: Mark

    I’m eagerly awaiting the word from “fiscal conservatives” that extending tax cuts will lower the deficit, with historical referents as justification. I’m also waiting for Obama to declare his Capitulation as a sound economic decision.