Open thread: Obama presser on “fiscal cliff”

posted at 1:01 pm on November 9, 2012 by Ed Morrissey

Barack Obama is scheduled to speak on the “fiscal cliff” at 1:15 pm ET today, which means of course that it will probably start closer to 1:30. If so, that won’t be the only familiar aspect of the conversation today.  We’ve been here at least twice during the Obama administration — once immediately after the 2010 midterms, and then again during the summer of 2011.  We’re having this conversation today because we keep kicking the same can down the same road in order to avoid the political consequences of addressing the budgetary and fiscal crises that face the nation.

Will this be any different?  Both sides now say they want to work together, but National Journal’s Major Garrett writes that it will take something for which Obama hasn’t displayed any capacity in four years — flexibility:

Obama has a durable coalition and an undisputed knack for mobilization. He is a campaign innovator and organizer of the first order. But to succeed on his own checklist of second-term pursuits—immigration, tax reform, deficit reduction, and climate change—he will have to do more with the institutional powers of the presidency in conflict with the legislative powers wielded by a Republican House.

The conundrum for Obama is that if he is to succeed, he must decide whether to use his reelection’s apparent endorsement of progressivism as a safe harbor of inactivity or dilute it, to the consternation of his base, and give some ground on the scope and generosity of the entitlement state, the strangling cords of debt, and the inefficiency of the tax code. Democrats sense an Obama desire to shape-shift, but no one is quite sure. That means that the biggest tell in the poker game of all poker games will be found in the lame-duck resolution, or irresolution, of the fiscal cliff.

The president will have to summon his coalition to face hard realities and fateful choices, not all of them comforting, on the questions of aligning what government can do, what taxpayers can finance, and how the books all come into better balance.

Garrett also points out that the economy is now squarely Obama’s, and any damage done now will be owned by the Democrats, not George Bush:

Obama can and will press for immigration reform, and he may get nearly as much as President George W. Bush sought—maybe more, if Republicans shift their sights to their party’s huge demographic hole that the 2012 election starkly revealed among Hispanics. Obama can wrap his arms around the task of reforming the byzantine tax code and, along the way, spike the political football after having won the fight over higher taxes on the wealthy (he did, and so did Senate Democratic victors in MassachusettsNorth DakotaOhio, andWisconsin). But he will have to face the hard reality that higher taxes on the wealthy (even at a $250,000 threshold that may give way to $500,000 or $1 million in congressional negotiations) won’t come close to solving the nation’s deficit and debt ills. The greatest deficit-cutting mechanism is a vibrant economy (see Clinton-era growth, arithmetic). And no matter how much or how little Obama moves the hinge of history, his party will not be able four years hence to blame Bush the younger for economic underperformance.

The economy is now squarely Obama’s, and managing the full implementation of the health care and financial-reform laws will be daunting. Both have profound and as-yet-unfelt tax and regulatory implications.

Will he recognize this and offer some “flexibility” today in search of long-term solutions?  Or will he declare a mandate for tax hikes and offer only the same lip service to serious reform that Obama barely mentioned during his presidential campaign, and which didn’t even rate a serious mention in the second-term agenda pamphlet that showed up in the last two weeks of the election?  And will the press get a chance to ask a few questions of their own — especially about Benghazi?

If I can find a live embed, I will include it in the post.


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Schadenfreude
Thanks for that image

cmsinaz on November 9, 2012 at 1:52 PM

Conservative columnist David Frum argues that “Republicans have been fleeced and exploited and lied to by a conservative entertainment complex.”

He is a CONSERVATIVE? Isn’t he a big suckup to Obama?

PappyD61 on November 9, 2012 at 1:49 PM

They are grading on a liberal scale. Anybody less rabid than Rachael Madcow or Special Ed Schultz are conservatives. People like Michelle Malkin or Ann Coulter are wild-eyed fascist TPM radicals. It’s the same way they get away with calling Andrew Sullivan a conservative.

Happy Nomad on November 9, 2012 at 1:52 PM

I’m just curious if he’s going to ignore the whole Veteran’s Day thing now that he doesn’t have to pretend about giving a rat’s ass about the military anymore.

Happy Nomad on November 9, 2012 at 1:44 PM

Didn’t he skip the the Memorial Day visit to Arlington a year ago or so, and went to Chicaco instead, and that was his first term…

jimver on November 9, 2012 at 1:53 PM

Let the Bush tax cuts expire. Let everyone see what happens when the liberals get what they really want. Whatever the Republicans do, they should absolutely not let the Democrats raise taxes on the top earners without letting everyone else feel the pain immediately.

If they want to raise taxes, let them raise taxes on everyone.

Caiwyn on November 9, 2012 at 1:20 PM

If this happens, the Dems will immediately change into “the GOP raised taxes on the middle class!” mode, and demand middle class tax cuts. If the GOP balks, or demands a uniform lowering of rates, the conversation then becomes about how the GOP is preventing the middle class from having a tax cut because they want to cut taxes on “the rich.”

Probably the best the GOP can really do here is get the definition of the “rich” changed from $250,000 to $1 million+, and then negotiate a tax increase on those people in exchange for keeping the middle class tax cuts the same. It will produce little revenue and will do nothing to stop the problems, but then, we’re not going to solve any problems now.

Revenant on November 9, 2012 at 1:54 PM

Conservative columnist David Frum argues that “Republicans have been fleeced and exploited and lied to by a conservative entertainment complex.”

He is a CONSERVATIVE? Isn’t he a big suckup to Obama?

PappyD61 on November 9, 2012 at 1:49 PM

It was GOP who betrayed their voters.

the_nile on November 9, 2012 at 1:55 PM

slickwillie2001 on November 9, 2012 at 1:50 PM

Exactly.

UltimateBob on November 9, 2012 at 1:55 PM

Why give ‘em two states that are reliably conservative? Make ‘em go around! Make ‘em figure out a way to connect with their brethren. Let’s see how quickly they invade Canada for a right of way.

Mitoch55 on November 9, 2012 at 1:48 PM

I am afraid MT iw no longer reliably conservative, we have 2D Senators and just got another D Gov, for a total of 12 years.

I’ll give up my place as long as I can come along for the ride.

MontanaMmmm on November 9, 2012 at 1:55 PM

It doesn’t matter what we do. If we hold out and things go to h3ll, the media will blame the GOP. If we go along with Barry and everything goes to h3ll, the media will blame the GOP. After the past four years, I cannot think of a scenario where the media blames Barry and Congressional Dems. Can you?

rcpjr on November 9, 2012 at 1:56 PM

Pissed me off that my radio station aired Obama’s blabber when I was listening to Rush…had to turn the radio off.

b1jetmech on November 9, 2012 at 1:56 PM

Why give ‘em two states that are reliably conservative? Make ‘em go around! Make ‘em figure out a way to connect with their brethren. Let’s see how quickly they invade Canada for a right of way.

Mitoch55 on November 9, 2012 at 1:48 PM

You’re right. Someone already pointed that out.

I was thinking, however, that there would have to be trade-offs. We’d end up getting Colorado, New Mexico, and Florida in return for losing Idaho and Montana and the Dakotas.

But I prefer now making them figure out a way. They are so smart, right?

Nick_Angel on November 9, 2012 at 1:57 PM

There is only one way to deal with this man…

The Fiscal Cliff And The Keyser Soze Option

Seven Percent Solution on November 9, 2012 at 1:26 PM


No, this is not enough.

The SCOAMF just replayed his “I Won” message.

The “Full Keyser Soze Option” is to NOT raise the debt ceiling.

No compromise? No spending problems?

Perfect! Let’s see where your approval ratings are by March when the world economic collapse is no longer postponed by pretending there are NO problems.

PolAgnostic on November 9, 2012 at 1:59 PM

Switched over to msdnc
Tingles has a theory that Obama will use alot if mitts ideas which NOW the lsm thinks are good ideas

Unstinkingbelievable

Trashes the ideas all campaign long will probably use it and be praised for it natch like he thought of it all by himself

cmsinaz on November 9, 2012 at 1:30 PM

Sad thing is, Chrissie Matthews isn’t the worst for once.

A month and a half ago, Toure was saying Romney was the Imperial Wizard of the Ku Klux Klan.

Yesterday, it’s “Romney has good ideas and should join the team!

That lying [CENSORED] piece of [CENSORED] can go [CENSORED] himself.

Alberta_Patriot on November 9, 2012 at 1:59 PM

Let him have his taxes and let this thing collapse. The sooner it collapses the sooner we can start over and rebuild.

Just adopt the same mentality we outnumbered conservatives in California have had for a while now.

tkyang99 on November 9, 2012 at 1:42 PM

I literally haven’t listened to “The Present” say more than a sentence since the first time I saw him. It is get a pavlovian response and get ill and angry.

tomas on November 9, 2012 at 1:38 PM

I am fast approaching the conclusion that it may be necessary for Congressional Republicans to unanimously vote ‘present’ and force the liberals to own the coming financial calamity. We’re going over the cliff anyway, might as well pin the blame where it belongs.

trish333 on November 9, 2012 at 1:26 PM

@TarheelBen — Those guys ^^ are grumpy and/or angry.

Can.I.be.in.the.middle on November 9, 2012 at 1:59 PM

If this happens, the Dems will immediately change into “the GOP raised taxes on the middle class!” mode, and demand middle class tax cuts. If the GOP balks, or demands a uniform lowering of rates, the conversation then becomes about how the GOP is preventing the middle class from having a tax cut because they want to cut taxes on “the rich.”

Probably the best the GOP can really do here is get the definition of the “rich” changed from $250,000 to $1 million+, and then negotiate a tax increase on those people in exchange for keeping the middle class tax cuts the same. It will produce little revenue and will do nothing to stop the problems, but then, we’re not going to solve any problems now.

Revenant on November 9, 2012 at 1:54 PM

Maybe , but it’s the only way. Force them chose if taxes either are good or if they’re bad.

the_nile on November 9, 2012 at 2:00 PM

The “Full Keyser Soze Option” is to NOT raise the debt ceiling.

PolAgnostic on November 9, 2012 at 1:59 PM

They’re going to raise it. You know it. I know it.

The Rogue Tomato on November 9, 2012 at 2:01 PM

http://davidwissing.com/?p=19689

If this “press conference” wasn’t enough to make you puke go read this new NH poll with Chris Christie leading.

Mark1971 on November 9, 2012 at 2:01 PM

@TarheelBen — Those guys ^^ are grumpy and/or angry.

Can.I.be.in.the.middle on November 9, 2012 at 1:59 PM

No , you wanted the collapse , you’ll get it.

the_nile on November 9, 2012 at 2:01 PM

Can you?

rcpjr on November 9, 2012 at 1:56 PM

Don’t do anything at all. No obstruction. No assistance, either. Maybe the House minority leader should take control of the house votes for a while. Let Nancy get back to work. She is much better at controlling her caucus than Boehner claims to be, so. . .. Without changing the order of “succession” of course.

totherightofthem on November 9, 2012 at 2:02 PM

I agree.
All this talk about the cliff is torture.
Let’s do it.
Thelma and Louise.
Here we go!

TarheelBen on November 9, 2012 at 1:45 PM

Thelma and Louise works for me, although I’ve always liked the image of Slim Pickens ridin’ the bomb in Dr. Strangelove. Either way.

-PrepperMark

SailorMark on November 9, 2012 at 2:03 PM

@TarheelBen — Those guys ^^ are grumpy and/or angry.

Can.I.be.in.the.middle on November 9, 2012 at 1:59 PM

None of the above. Let it burn.

#Revenge

JPeterman on November 9, 2012 at 2:04 PM

Nick_Angel on November 9, 2012 at 1:57 PM

You have no idea how many times I’ve envisioned running all the libs/progs out of Florida and build a fence at the northern and panhandle border.

The only way someone could get in is to come through checkpoints, or try to sneak in by boat.

Flora Duh on November 9, 2012 at 2:06 PM

PatriotRider on November 9, 2012 at 1:27 PM

Yep. Give Bambi and the electorate what they want (as trish said, just vote present). John Sexton is also tweeting similar stuff.

I’ve got my emergency prep set up. It will still suck, but I’m reasonably ready for the collapse. I would just rather get on with it now than when my kids are older.

batter on November 9, 2012 at 2:06 PM

#Revenge

JPeterman on November 9, 2012 at 2:04 PM

Letting it burn is the best revenge.

The Rogue Tomato on November 9, 2012 at 2:06 PM

Obama will only accept a ‘balaced approach’? Obama’s fiscal cliff law is a “balanced approach”. It raises taxes and cuts spending.

Time to let Obama’s Balanced Approach Law go into effect.

forest on November 9, 2012 at 2:06 PM

He said nothing new. Surprise, surprise!

He won, he has a mandate. /s

bopbottle on November 9, 2012 at 2:06 PM

For cripe sakes…. thanks Alberta

cmsinaz on November 9, 2012 at 2:07 PM

Letting it burn is the best revenge.

The Rogue Tomato on November 9, 2012 at 2:06 PM

L.I.B.

Coincidence?

portlandon on November 9, 2012 at 2:07 PM

I was thinking, however, that there would have to be trade-offs. We’d end up getting Colorado, New Mexico, and Florida in return for losing Idaho and Montana and the Dakotas.

But I prefer now making them figure out a way. They are so smart, right?

Nick_Angel on November 9, 2012 at 1:57 PM

It wouldn’t be hard to set up an “equal housing exchange” to trade houses of equal value across the board. I’ll start packing.

-PrepperMark

SailorMark on November 9, 2012 at 2:08 PM

@TarheelBen — Those guys ^^ are grumpy and/or angry.

Can.I.be.in.the.middle on November 9, 2012 at 1:59 PM

Damn right they’re angry… but that’s all you see. You don’t have a clue about the actual substance of what they are saying.

You’re ineducable.

Alberta_Patriot on November 9, 2012 at 2:08 PM

The hypcorite limousine liberals are advocating higher tax rates because they never pay anywhere near their tax bracket since they have mastered the use of every tax loophole under the sun to pay much less taxes… They hate John Boehner idea of closing the tax loop holes as a way to raise revenues because if this happens then these hypocrites would be now forced to pay their “actual fair share” of the tax…

mnjg on November 9, 2012 at 2:08 PM

And no matter how much or how little Obama moves the hinge of history, his party will not be able four years hence to blame Bush the younger for economic underperformance.

Garrett obviously isn’t taking into consideration the braindead lunacy of the average Obama supporter.

AZ_Mike on November 9, 2012 at 2:08 PM

It doesn’t matter what we do. If we hold out and things go to h3ll, the media will blame the GOP. If we go along with Barry and everything goes to h3ll, the media will blame the GOP. After the past four years, I cannot think of a scenario where the media blames Barry and Congressional Dems. Can you?

rcpjr on November 9, 2012 at 1:56 PM

If the GOP gives Obama tax hikes on “the rich”, how does the Democrat/media complex conceivably blame them for anything that goes wrong in the economy afterwards? Not saying they won’t blame the GOP. I’m just saying it’s a preposterous argument that a majority of the electorate won’t buy into.

If I’m the House Republican leaders, I give Obama two things: tax hikes on people making 200k/yr or more and a relatively small(250 billion tops) stimulus bill. That way he gets to soak the rich and hire some more teachers and firefighters. It’ll do nothing to help the private sector, it’ll take away the Dems’ economic talking points going into 2014 and 2016, and it’ll put to rest any notion that the GOP are merely obstructionists.

Again, I’m not saying when everything goes to hell in 2013 and beyond that the Democrats won’t blame the GOP and even Bush. I’m just saying that kind of spin will sound very desperate and sad to enough voters that it sets up the Republicans for a big comeback in the midterms.

Doughboy on November 9, 2012 at 2:09 PM

he took off to friggin’ Asia,

jimver on November 9, 2012 at 1:38 PM

He’s going to Hawaii again, eh?

Flora Duh on November 9, 2012 at 1:40 PM

Just wow

verbaluce on November 9, 2012 at 2:10 PM

This will be one of the few times in the next two years that the republican majority in the HOR will have any power. They do not have to do anything. Start framing it as taxes are good or they are bad.

jukin3 on November 9, 2012 at 2:12 PM

Letting it burn is the best revenge.

The Rogue Tomato on November 9, 2012 at 2:06 PM

And I will laugh watching.

#Revenge

JPeterman on November 9, 2012 at 2:13 PM

@TarheelBen — Those guys ^^ are grumpy and/or angry.

Can.I.be.in.the.middle on November 9, 2012 at 1:59 PM

What’s so angry about that? They’re only suggesting that the GOP congress give 0bama what he’s asking for – tax increases, spending increases, overregulation, more bailouts, etc etc etc.

What’s wrong… don’t you think 0bama’s ideas are good ones?

UltimateBob on November 9, 2012 at 2:13 PM

I liked Rush’s comment

Obama wants Clinton’s tax hike
he can only be given them if he accepts Clinton’s spending levels (adjusted for inflation – (the inflation number you use on the economy not the actual one you will fight for))

the republicans have to give him enough

Bush tax cuts affected all those paying income tax
so buck up and do that I dare you

the House needs to give him tax hikes on the rich (I’m a 2%er) –
SO HE HAS NO EXCUSE AND OWNS IT!

that little bit will fund the government for 12 days

cut deep into all his spending policies in exchange

audiotom on November 9, 2012 at 2:15 PM

Just wow
verbaluce on November 9, 2012 at 2:10 PM

Shut up you miserable swine.

jawkneemusic on November 9, 2012 at 2:15 PM

#Revenge

JPeterman on November 9, 2012 at 2:13 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?

UltimateBob on November 9, 2012 at 2:15 PM

We can’t cut our way to prosperity. We need the wealthy to pay more taxes.
El_Terrible on November 9, 2012 at 1:11 PM

When PBHO defines the WEALTHY as anyone making more than $25,000, then you may get enough revenue to work on the debt.

Its’ the SPENDING..STUPID!

belad on November 9, 2012 at 1:14 PM

That still means I won’t pay any federal income taxes because SS and IRA combined total less than $25,000. The only fair way is have at least a minimum tax for all, including me.

polarglen on November 9, 2012 at 2:16 PM

They’re going to raise it. You know it. I know it.

The Rogue Tomato on November 9, 2012 at 2:01 PM

.
If you want them to keep destroying the country, then you want to accept the idea that raising it is inevitable.

Increasing taxes will only give the SCOAMF and his SS more license to give more money to their “constituents”.

Raising it only prolongs the inevitable and allows the SCOAMF to keep running $ 1 trillion+ defecits and negotiate away EVERYTHING while he does it.

Raising it allows Bernanke to endlessly devalue the dollar now that the SCOAMF can reappoint him without fear.

Once upon a time in this country, we honored people who gave their all so others can live.

Isn’t it past time we expect the Republican politicians to be willing to sacrifice themselves for a good cause?

50%+ of voters believe the SCOAMF is going to keep them in bread and circuses …

… it is time they learned the world is STILL a cruel and harsh place. When the unemployment passes 25% and rising, bipartisanship can be achieved by both parties impeaching and convicting the SCOAMF and Drunk Uncle Joe as the FIRST prerequisite.

PolAgnostic on November 9, 2012 at 2:17 PM

Just wow
verbaluce on November 9, 2012 at 2:10 PM

How it feel to feel our disgust for you, own it.

MontanaMmmm on November 9, 2012 at 2:18 PM

I’m all for letting the tax cuts expire but it must be done in a way that Obama and the RATS own the economic consequences. That’s the tricky part.

matthew8787 on November 9, 2012 at 1:47 PM

There is only ONE way to prove these idiots wrong and that is to let them “break” it…Give him/them everything they want and let them own it..They NEED a bogey man, so take it away…it’s all gonna collapse like Greece anyway, so we conservatives are just prolonging the pain..let it burn and let them burn with it…

Tim Zank on November 9, 2012 at 2:18 PM

None of the above. Let it burn.

#Revenge

JPeterman on November 9, 2012 at 2:04 PM

Revenge is for Obama. He ran on it. Now he owns it.

Ours is pure Schadenfreude!

Starve the fools.

Schadenfreude on November 9, 2012 at 2:18 PM

He’s going to Hawaii again, eh?

Flora Duh on November 9, 2012 at 1:40 PM
Just wow

verbaluce on November 9, 2012 at 2:10 PM

You fool, Obama said that HI is in Asia.

Schadenfreude on November 9, 2012 at 2:19 PM

If you’re waiting on Dingy Harry to produce a budget, you’re in for a long wait, slickums.

mojo on November 9, 2012 at 2:20 PM

(squeezing eyes shut)

…I will not insult the President…
…I will not insult the President…
…I will not insult the President…

Aw, screw it!

This guy is such an huge steaming turd, I just can’t help myself!

Haiku Guy on November 9, 2012 at 1:49 PM

LOL, today is a real snark fest on Hot Air.
We might as well – it keeps me from going into deep depression.

TarheelBen on November 9, 2012 at 2:20 PM

Shut up you miserable swine.

jawkneemusic on November 9, 2012 at 2:15 PM

Apologize pronto to the good clean pigs.

It’s Burma, not Myanmar.

Schadenfreude on November 9, 2012 at 2:20 PM

OT: I thought this was telling.

Chicago had a job fair for govt. jobs. Thousands in line only to find out they were there to learn how to write a resume. No hiring going on at the job fair.

This was a response from one of the kids who stood in line for hours:

Rodney Booker said, “I stood in line for four hours. They better give me a Wal-Mart gift card, or something.”

salem on November 9, 2012 at 2:20 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?

UltimateBob on November 9, 2012 at 2:15 PM

Pyidaunzu Thanmăda Myăma Nainngandaw :-)

jimver on November 9, 2012 at 2:20 PM

Haiku Guy on November 9, 2012 at 1:49 PM

Insult him all you want. He insults you every day, many times.

It’s still a ‘free’ country. Her name is Amerika.

Schadenfreude on November 9, 2012 at 2:22 PM

Obama will declare the Republicans obstructionists and instruct Harry Reid to pass a budget despite any Republican opposition. Obama’s budget gets passed thru reconciliation, raising taxes on the evil rich and fully funding Obamacare. House Republicans won’t be able to stop a damn thing.

txhsmom on November 9, 2012 at 2:22 PM

PolAgnostic on November 9, 2012 at 2:17 PM

You’re talking consequences. I’m talking reality. You know they’re going to raise the debt limit. They wouldn’t stop it after the strong message given by the 2010 elections. They’re certainly not going to stand strong after the voters voted for santa clause.

The Rogue Tomato on November 9, 2012 at 2:23 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?

UltimateBob on November 9, 2012 at 2:15 PM

I’m not sure, but I do know they speak Austrian.

JPeterman on November 9, 2012 at 2:23 PM

It seems a troll takes umbrage with my witty response about the boy king mistakenly referring to Hawaii being in Asia.

Guess somebody thinks only the gaffes made by Republican presidents are permitted to be mocked and made fun of.

Dream on trolls.

Flora Duh on November 9, 2012 at 2:24 PM

Rodney Booker said, “I stood in line for four hours. They better give me a Wal-Mart gift card, or something.”

salem on November 9, 2012 at 2:20 PM

Heh, heh. LoL. Awww, that was a good one.

SailorMark on November 9, 2012 at 2:25 PM

Pyidaunzu Thanmăda Myăma Nainngandaw :-)

jimver on November 9, 2012 at 2:20 PM

wE don’t speak Romanian here, take it somewhere else.

Bishop on November 9, 2012 at 2:25 PM

Obama will declare the Republicans obstructionists and instruct Harry Reid to pass a budget despite any Republican opposition. Obama’s budget gets passed thru reconciliation, raising taxes on the evil rich and fully funding Obamacare. House Republicans won’t be able to stop a damn thing.

txhsmom on November 9, 2012 at 2:22 PM

Sounds good. The rich are not stupid. Their funds go elsewhere, and already have. Those who are rich and wanted Obama deserve destruction.

Schadenfreude on November 9, 2012 at 2:26 PM

With this article one must say the heck with the rich, let them pay more taxes:
“Obama Wins 8 of 10 Wealthiest Counties in US”

Why should we all speak out about not taxing the rich too much, when they want it?

albill on November 9, 2012 at 2:26 PM

Starve the fools.

Schadenfreude on November 9, 2012 at 2:18 PM

WIJG.

batter on November 9, 2012 at 2:26 PM

Bishop, congratulations on becoming Amish. Always knew you were peaceful :)

Schadenfreude on November 9, 2012 at 2:27 PM

More on the ‘F the Rich’ plan:

Anyway, I just read this article: Obama Wins 8 of 10 Wealthiest Counties in US.

And I’m saying to myself, why am I going to war for these people? All this effort to try to protect the “job creators” and they’re voting for Obama and ever larger government and more taxes. I think it’s time to give them what they want! I would love to see a Republican bring forth a bill to tax the sh*t out of those making over $500k (the 1%)… (end of quote)

I have to agree with him. Yes it will damage the job-creators, but not a tenth as much as Obamacare will. If we weren’t so determined to protect the rich from little Bammie, we might have won the election and now been able to stop Obamacare.

What does protecting the rich from little Bammie do for Republicans?

slickwillie2001 on November 9, 2012 at 1:46 PM

I have been coming to the same conclusion over these past few days. While it runs against my grain to EVER increase taxes, lets tax the spit out of the +$1mln income cohort and keep taxes lower for the middle class. As long as the extra revenue is used to reduce debt, I’m kinda warmin’ up to the idea.

Turn this “Republicans = Party of the Rich” meme around.

Old Fritz on November 9, 2012 at 2:27 PM

Rodney Booker said, “I stood in line for four hours. They better give me a Wal-Mart gift card, or something.”

salem on November 9, 2012 at 2:20 PM

Rodney, take your second damn Obama phone and beat it. You can try to sell it but there is no market for “free” phones.

Fallon on November 9, 2012 at 2:27 PM

salem on November 9, 2012 at 2:20 PM

-Sure thing, Mr. Booker, just write your name on this sheet to show you received your card.

“Ummm…I guess I don’t want it.”

Bishop on November 9, 2012 at 2:28 PM

Sounds good. The rich are not stupid. Their funds go elsewhere, and already have. Those who are rich and wanted Obama deserve destruction.

Schadenfreude on November 9, 2012 at 2:26 PM

I know. I’m just tired of people posting crap about the House Republicans stopping anything. It’s not going to happen. Congress is just a fig leaf now anyway.

txhsmom on November 9, 2012 at 2:28 PM

I wish Boehner & Cantor would NOT RAISE the debt ceiling one penny no matter how downgraded we get!

The country needs to collapse so we can start over again. Let the Dems get a taste of life without their handouts.

But… we ALL KNOW that Boehner will agree to raising the debt ceiling in exchange from some kind of so-called bipartisan deal that we’ll all be told will cut the deficit in HALF by the year 2050!!

Either that or Boehner will once again agree to some kind of super-duper deficit reduction committee that will meet EVERYDAY until a deal to make REAL CUTS is reached. Of course, the committee will be stacked with an even number of partisan hacks from both parties to ensure that they will end up hopelessly deadlocked.

Mahdi on November 9, 2012 at 2:28 PM

Bishop, congratulations on becoming Amish. Always knew you were peaceful :)

Schadenfreude on November 9, 2012 at 2:27 PM

I am part of the ruthless and violent wing of Amish society.

Bishop on November 9, 2012 at 2:29 PM

Apologize pronto to the good clean pigs.
It’s Burma, not Myanmar.
Schadenfreude on November 9, 2012 at 2:20 PM

Apologies to the pigs.

jawkneemusic on November 9, 2012 at 2:29 PM

As long as the extra revenue is used to reduce debt, I’m kinda warmin’ up to the idea.

Turn this “Republicans = Party of the Rich” meme around.

Old Fritz on November 9, 2012 at 2:27 PM

That’s just it. He already has it spent. It’s not dedicated to debt and deficit reduction.

CoffeeLover on November 9, 2012 at 2:29 PM

Pyidaunzu Thanmăda Myăma Nainngandaw :-)

jimver on November 9, 2012 at 2:20 PM
wE don’t speak Romanian here, take it somewhere else.

Bishop on November 9, 2012 at 2:25 PM

bUT I heard you speak Liverpoodlian/Scouse :-)

jimver on November 9, 2012 at 2:29 PM

We might as well – it keeps me from going into deep depression.

TarheelBen on November 9, 2012 at 2:20 PM

Invest in pr0zak, your stock portfolio will thank you.

JPeterman on November 9, 2012 at 2:29 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?

UltimateBob on November 9, 2012 at 2:15 PM

I’m not sure, but I do know they speak Austrian.

JPeterman on November 9, 2012 at 2:23 PM

Heh. Barky surely thinks so.

(You do know that was a Seinfeld reference, right?)

UltimateBob on November 9, 2012 at 2:29 PM

I am part of the ruthless and violent wing of Amish society.

Bishop on November 9, 2012 at 2:29 PM

There ya go; at least now they’ll have protection.

Schadenfreude on November 9, 2012 at 2:31 PM

I am part of the ruthless and violent wing of Amish society.

Bishop on November 9, 2012 at 2:29 PM

Do they speak Romanian?

JPeterman on November 9, 2012 at 2:31 PM

Chicago had a job fair for govt. jobs. Thousands in line only to find out they were there to learn how to write a resume. No hiring going on at the job fair.

I’m still laughing over this. It’s hilarious.

-PrepperMark

SailorMark on November 9, 2012 at 2:31 PM

Bishop, I’m also glad that you didn’t become a muzzie. That way you’ll never have to be an infidel.

Schadenfreude on November 9, 2012 at 2:32 PM

While it runs against my grain to EVER increase taxes, lets tax the spit out of the +$1mln income cohort and keep taxes lower for the middle class.

Old Fritz on November 9, 2012 at 2:27 PM

Obama wants a bigger budget. The middle class is going to get hit, too. There is just more of them to tax…

Let ALL the Bush tax cuts expire and call it the Obama tax increase.

If it’s gonna burn, it needs to burn brightly.

Fallon on November 9, 2012 at 2:32 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?
UltimateBob on November 9, 2012 at 2:15 PM
I’m not sure, but I do know they speak Austrian.

JPeterman on November 9, 2012 at 2:23 PM
Heh. Barky surely thinks so.

(You do know that was a Seinfeld reference, right?)

UltimateBob on November 9, 2012 at 2:29 PM

here

jimver on November 9, 2012 at 2:33 PM

With this article one must say the heck with the rich, let them pay more taxes:
“Obama Wins 8 of 10 Wealthiest Counties in US”

Why should we all speak out about not taxing the rich too much, when they want it?

albill on November 9, 2012 at 2:26 PM

That is because the hypocrite limousine liberals do not pay near the tax rate that they are supposed to pay as they use every tax loophole under the sun to pay less taxes… It is very easy to claim that you want to pay more taxes to help the poor but of course actions speak louder than words and when it comes to actions these hypocrite limousine liberals would always do the opposite of what they are preaching… That is why they will be very much against John Boehner proposal to eliminate tax loops hole instead of raising the tax rate in order to raise the tax revenues… They know that eliminating the tax loopholes will actually force them pay what they are supposed to pay in taxes at the current rate…

mnjg on November 9, 2012 at 2:34 PM

and keep taxes lower for the middle class. As long as the extra revenue is used to reduce debt, I’m kinda warmin’ up to the idea.

Turn this “Republicans = Party of the Rich” meme around.

Old Fritz on November 9, 2012 at 2:27 PM

You kid yourself. This will not hit the smart rich. It will destroy the middle class, which is exactly what Obama intends. He hates them like no others. The middle class will pay for all.

Don’t feed the looters.

Schadenfreude on November 9, 2012 at 2:34 PM

Do they speak Romanian?

JPeterman on November 9, 2012 at 2:31 PM

We speak Amish.

Jeebus you KKK’ers are morans.

Bishop on November 9, 2012 at 2:34 PM

Do they speak Romanian?

JPeterman on November 9, 2012 at 2:31 PM

nope, Scouse :-)

jimver on November 9, 2012 at 2:35 PM

Fallon on November 9, 2012 at 2:32 PM

Effin’-Aayy, Bubba.

-PrepperMark (fomerly known as SailorMark)

SailorMark on November 9, 2012 at 2:37 PM

I’ve got the only buggy with two side by side hemi’s.

Bishop on November 9, 2012 at 2:37 PM

The Dems will never own anything that fails. The typical American voter is lucky to remember what yesterdays date was let alone who screwed them four years ago. Let’s get real.

Mr. Arrogant on November 9, 2012 at 2:37 PM

I’ve got the only buggy with two side by side hemi’s….

…and machine-gun turret.

SailorMark on November 9, 2012 at 2:38 PM

Let ALL the Bush tax cuts expire and call it the Obama tax increase.

If it’s gonna burn, it needs to burn brightly.

Fallon on November 9, 2012 at 2:32 PM

That’s not letting Obama get what he SAYS he wants, though. It’s enough to “soak the rich”. That, along with all the other tax hikes from Obamacare and other things will kill the economy without solving a thing about the debt.

That’s a bright enough burn for me.

The Rogue Tomato on November 9, 2012 at 2:38 PM

Mahdi on November 9, 2012 at 2:28 PM

They should withhold any action until BHO provides a measure that can be scored by the CBO.
After all, what we heard in the months before the election a was HE was the one with the plan.
So today, his plan is to see what the GOP has to offer?

gonnjos on November 9, 2012 at 2:39 PM

Obama wants a bigger budget. The middle class is going to get hit, too. There is just more of them to tax…

Let ALL the Bush tax cuts expire and call it the Obama tax increase.

If it’s gonna burn, it needs to burn brightly.

Fallon on November 9, 2012 at 2:32 PM

Bush tax cuts are evil, then yes, abolish them all.

You can even take more from those well to do,
in exchange for real spending reductions
‘expecially handout entitilements – line by line”
let Paul Ryan have a sharp knife

if he wants to emulate Clinton’s economic plans
(wafj) then we must give him only tax increases
but force him to live by clinton’s spending levels
(plus the minimal government reported inflation)

that way and only that way
will the house republicans not be blaimed for the fall
you own it Obambi

audiotom on November 9, 2012 at 2:40 PM

So, JPeterman, where is 0bama today… is it called Burma, or Myanmar?
UltimateBob on November 9, 2012 at 2:15 PM
I’m not sure, but I do know they speak Austrian.

JPeterman on November 9, 2012 at 2:23 PM
Heh. Barky surely thinks so.

(You do know that was a Seinfeld reference, right?)

UltimateBob on November 9, 2012 at 2:29 PM

here

jimver on November 9, 2012 at 2:33 PM

Doh, I forgot, been under the influence of Shanghai Sally the past couple of days. That would be yam yam for the rest of you goofs.

JPeterman on November 9, 2012 at 2:40 PM

Don’t fall for Obama’s baloney. In this society $250k is not “rich”. In order for him to get the kind of money he needs to fund his socialist programs he’ll have to go well below that amount. Let’s take the fall and go over the “cliff” and see how he handles the riots by his own constituents. If you’re not willing to sacrifice you’ll be stuck with this kind of sorry government for the rest of your lives.

rplat on November 9, 2012 at 2:41 PM

“The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers. People won’t vote based on the unemployment rate, they’re going to vote based on how do I feel about my own situation: Do I believe the president makes decisions based on me and my family?”

DeathtotheSwiss on November 9, 2012 at 2:41 PM

Doh, I forgot, been under the influence of Shanghai Sally the past couple of days. That would be yam yam for the rest of you goofs.

JPeterman on November 9, 2012 at 2:40 PM

I won’t have you turning HotAir into a den of iniquity! Get your fix somewhere else!

Nick_Angel on November 9, 2012 at 2:43 PM

Let’s see.
We can let the Bush tax cuts expire – for $250,000 and above.
That will also hit a lot of small businesses.
We’ve got about $500 billion in new Obamacare taxes coming, many of those on the middle class.
Letting the Bush tax cuts expire will also jack up capital gains and dividends taxes. It lowers the top rate of the estate taxes.
There’s also other deductions and things: it reinstates the marriage penalty, for example. That’s a good one.

Wow. You can just see all the economic activity this will create, which is Barry’s priority of course.
This is brilliant economic strategy when we had 1.3% growth last quarter.
We know the left wants these – so should we go ahead and do a nice Carbon Tax? And what about a VAT?
Hell, while we’re talking Climate Change, why don’t we just roll back the entire industrial revolution.
Horse and buggy anyone?

TarheelBen on November 9, 2012 at 2:43 PM

Is there some part of “Just Say No” that the Republicans don’t get?

Who gives a rat’s behind if you get “blamed” for it? Stand tall. There are two years before the next election now.

JUST SAY NO. Do what a Democrat would do. Do what Harry Reid said he would do if Romney was elected.

JUST SAY NO.

ProfShadow on November 9, 2012 at 2:44 PM

Give Obama what he wants. Yes, raising taxes on “the rich” will kill more jobs. But the economy is going to tank anyway. Elections have consequences and we lost our only chance of staving off a fiscal catastrophe by losing this election. There is no deal that Boehner could possibly make that would save this economy. It’s going to tank no matter what so let the whole thing be hung like an albatross around Obama’s and the Democrat’s necks. If the Republicans “obstruct”, then the next recession (or more likely great depression) will forever be blamed by the Dems and the media on Republican obstructionism. That will become the Dem talking point for the 2016 elections. The only hope the Republicans have for getting the White House back is if the voters blame the coming economic disaster on the Democrats. Let’s not give the Dems a bogey man to blame by digging in our heels on taxes when it’s not going to do anything to avoid the coming economic collapse.

frank63 on November 9, 2012 at 2:44 PM

Is anybody watching the presser? Has he made a new deal with the Chinese to fund the govt cheese?

txhsmom on November 9, 2012 at 2:45 PM

Doh, I forgot, been under the influence of Shanghai Sally the past couple of days.

JPeterman on November 9, 2012 at 2:40 PM

you’re excused then :-)

jimver on November 9, 2012 at 2:45 PM

I wish there were some way to let Democrats further crash the economy without the GOP owning any part of it. On the other hand, I look at the basket case that is California and wonder why the GOP hasn’t taken back control of their government. Liberals never run out of excuses. It is a sick religion.

The Count on November 9, 2012 at 2:46 PM

here

jimver on November 9, 2012 at 2:33 PM

LOL! Now please clean off my monitor, I’m busy trying to figure out how to be a social security sponge.

JPeterman on November 9, 2012 at 2:46 PM

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