Thursday, December 9, 2010

Obama Calls it a "Compromise" – I Call it a Surrender

President Barack Obama has chosen to “Compromise” with the Republicans in Congress, and is advocating an extension in the Bush-era tax cuts for all taxpayers – including the rich – and d a losing of the inheritance tax.

I am disappointed – even disgusted – that President Obama has caved into the hostage-takers and has turned his back on and directed his anger at us, his supporters.

Next to the Iraq war, the Bush tax cuts for the wealthy are the worst development to come out o the Bush presidency. To see Obama give in to the continuation of these cuts, causes me pain. Add the proposed changes to the Inheritance Tax, and what you have is a sucker-punch to those who have supported the causes the Obama pledged to support.

I have been an Obama supporter all through the election process, and have continued to support his administration as he has worked to implement the policies he campaigned on. But, this recent “compromise” with the Republicans is not worthy of that label, and not worthy of the faith the electorate placed in him, two years ago. This is not a compromise, it is a surrender. With a compromise, you give something you can afford and get something that is worth sacrificing for. As much as I favor the extension of Unemployment benefits to those who need them so much, this extension is far to small a crumb to warrant discarding principles and adding nearly a trillion dollars to the already ballooning deficit. This extension of benefits won’t even help those who need it most and are most likely to spend the money where it will do the economy the most good, those who have been looking for work for more than 99 weeks. I don’t understand why Obama seems to show such scorn to those who point these details out.

As much as I favor tax cuts for middle-class earners, I will gladly give up the middle-class tax break if it means the Bush-era tax breaks – all of them – are allowed to expire. Let the Republicans take the blame for not extending Unemployment benefits. This is mostly their mess, anyway, and it saddens me that Obama will go down in history as the Democratic president that added to it and made it worse.

By being so quick to cut unsavory deals with domestic hostage-takers, isn't Obama sending a very dangerous message to other potential hostage-takers around the world?

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