Video: Geithner says “no deal” without higher marginal tax rates

posted at 12:31 pm on December 2, 2012 by Jazz Shaw

Is it bluster? Is it posturing? Or is this the real line in the sand? Tim Geithner was sent out to do the Full Ginsberg this morning for part number 183 in the media’s 2,394 parts series on the fiscal cliff. There was one repeating theme, highlighted below in this video clip from an interview with Candy Crowley. Regardless of the previous suggestions from some Democratic spokespersons about flexibility and finding revenues in whichever way they can be obtained, Geithner was laying out a Great Wall of China type barricade in the negotiations. I’ve extracted a short transcript of the crucial portion with the video following.

Candy Crowley: But they’ve [the Republicans] said no increase in rates.

Tim Geithner: But there’s going to be… they know this. Look. There’s not going to be an agreement without rates going up.

CC: So you’ll go off the fiscal cliff if the Republicans say, ‘Sorry, no way are we going to raise rates for, on the wealthy.’ You guys are willing to go off the cliff.

TG: If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

So there you have it. No deal without the tax rates going up, at least on the wealthiest Americans. And given who is doing the talking here and how widely he’s broadcasting the message, it would be pretty difficult to walk that one back. Of course, it’s the one poison pill which is probably more of a non-starter with the portions of Boehner’s caucus he has to sell on a deal than anything else.

Back on November 17th I wrote the following:

If [Obama] takes a very hard line and forces the showdown to a collapse in discussions, several potentially positive (for him) results are baked into the cake. He can claim that Republicans refused a “balanced approach” and it’s their fault that everyone’s taxes went up. He then has the Democrats force a vote on a bill to only lower taxes on the middle class and the poor and just dares the GOP to vote against it. (They won’t.) At this point he has the tax / revenue increase he promised without giving up a single thing. Now the negotiations start anew to talk about “spending cuts” but the GOP’s major bargaining chip is gone.

At the time I wrote that I received a number of responses saying I was “crazy.” Just this morning I watched Bob Scheifer asking a series of guests if the parties involved in the negotiations could “really be that stupid.” Everyone seems to be shying away from the possibility that there won’t be an eleventh hour deal.

Does it still sound crazy?


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Speaking of delusions…

BigGator5 on December 2, 2012 at 12:35 PM

A pox on all their houses. A bunch of crooks in fancy suits.

chemman on December 2, 2012 at 12:35 PM

Meh!

I am going to do what Rahm did, declare my home a religious sanctuary and not pay any type of taxes. Then I’m going to see about accelerating our income into this year and defer future years’ income until 2018, kind of the way sports’ athletes do. Hopefully, by then, there will be some sort of fiscal sanity.

herm2416 on December 2, 2012 at 12:36 PM

Does it still sound crazy?

No. (It didn’t then, either).

Republicans need to get out in front of this strategy by passing bills in the House before the fiscal cliff hits — bills that they can point to showing that they would keep the middle-class tax cuts, if only Obama would deal.

Or passing something like Simpson Bowles.

They need PR cover if Obama is determined to go over the cliff.

Revenant on December 2, 2012 at 12:37 PM

Picture link on the front page broke. Sorry about that. It’s fixed now.

Jazz Shaw on December 2, 2012 at 12:37 PM

Good gosh this makes me SICK! I gotta say I detest the whole blooming bunch, ALL of them!
L

letget on December 2, 2012 at 12:38 PM

L.I.B.

VegasRick on December 2, 2012 at 12:40 PM

Meh!

I am going to do what Rahm did, declare my home a religious sanctuary and not pay any type of taxes. Then I’m going to see about accelerating our income into this year and defer future years’ income until 2018, kind of the way sports’ athletes do. Hopefully, by then, there will be some sort of fiscal sanity.

herm2416 on December 2, 2012 at 12:36 PM

Maybe I should ask my employer to only pay my salary necessary to cover my benefits & retirement, and defer the rest until 2018.

22044 on December 2, 2012 at 12:41 PM

There is something larger afoot…Timmy demands higher tax rates, knowing full well that raising taxes in a recession is the fastest way to push the economy into a real depression…and this is the same Timmy who demands that thart “debt ceiling” thing be eliminated and the President be allowed to spend as much as he wants, when he wants, on what he wants, without Congress getting in the way or asking dumb questions.

Looks like somebody in this Administration is actually trying to crash the dollar…big time…George Soros currency manipulation big time…with full intent to bring the dollar to the level of the Zambian kwacha, Nepali rupee or other insignificant minor world currency.

coldwarrior on December 2, 2012 at 12:43 PM

Geithner’s talking point on Crowley’s show was “We made them an offer. They need to present their offer back to us.” The GOP needs to hold their ground and say we are not going to start talking until you make us a serious offer in good faith.

Obama’s offer is so far out in left field, and he is hoping the GOP take the bait and counters with an offer that won’t be nearly as ridiculous. If they do, the halfway point between the two will be skewed to the left of center and Obama wins. I’d like to see the GOP respond with an equally unrealistic offer and then say, “shall we try this again?”

Mallard T. Drake on December 2, 2012 at 12:43 PM

Simpson Bowles people.. SB

Illinidiva on December 2, 2012 at 12:43 PM

Let It Burn.

I’m for cliff-jumping at this point. Let’s see how deep it is.

AND if the Repubs have any balls at all.

ProfShadow on December 2, 2012 at 12:43 PM

LIB

Philly on December 2, 2012 at 12:43 PM

…Turbo Tax Timmy needs to be publicly stoned!

KOOLAID2 on December 2, 2012 at 12:43 PM

Let it burn. Let the rates go back to Clinton-era levels, and then start finding budget cuts. You’re going to be blamed for it anyway, so let it happen.

Grow a spine, Republicans.

iurockhead on December 2, 2012 at 12:43 PM

He’s not a serious person. He wants all of our taxes to go up. He wants our money. Doesn’t matter if it comes from the rich or not. It doesn’t matter if it crashes the economy. Oba just wants to plunder us all and then blame republicans for his plundering. To which I say F U Obama you parasite!!

jawkneemusic on December 2, 2012 at 12:44 PM

This should be the GOP offer: We’ll agree to any taxation you want as long as the 2013 annual budget is balanced.

It will destroy all the Democrat demagoguing points and reveal the truth that we have a spending problem.

gwelf on December 2, 2012 at 12:47 PM

To which I say F U Obama you parasite!!

jawkneemusic on December 2, 2012 at 12:44 PM

I say that about most things involving BO.

VegasRick on December 2, 2012 at 12:48 PM

He’s not a serious person. He wants all of our taxes to go up. He wants our money. Doesn’t matter if it comes from the rich or not. It doesn’t matter if it crashes the economy. Oba just wants to plunder us all and then blame republicans for his plundering. To which I say F U Obama you parasite!!

jawkneemusic on December 2, 2012 at 12:44 PM

Yep, and it’s the GOP’s ideological straitjacket they’ve put themselves in with respect to taxes that will allow Obama to get away with it. They are playing right into his hands.

Mark1971 on December 2, 2012 at 12:48 PM

Democrats believe that the economy was good during Clinton’s tenure because marginal tax rates on the rich were higher. But the facts are the economy was good in spite of the tax rates. They forget the nature of the economy then where the Internet was just blossoming and the .com bubble was still rapidly expanding.

Clinton also benefited greatly by a Republican congress that reigned in the excessive spending proposed by Clinton… the same Clinton who presided over a number of years of “budget surpluses”, had himself projected $200 billion a year deficits. Wow! To think $200 billion used to be a big number.

Dasher on December 2, 2012 at 12:49 PM

Lets not forget Obama changed his tune from making middle class tax it’s permanent to only extending them another year. This a$$wipe is going to raise every single persons taxes anyway. Republicans should do one of two things, offer Simpson Bowles or offer to actually lower middle class rates even further and make them permanent. O a$$wipe won’t go for it but at least it will take this class warfare gun he’s point at our heads out of his hands.

jawkneemusic on December 2, 2012 at 12:50 PM

How many people in here are looking at a tax rate hike? Can I get a collective AAAARRRRRGGGGGHHHHH?!!!!!!! This thread should offer shield from banning; people are going to spitting fire.

I suspect that other business owners are looking into reorganizing their corporate structures. Smaller s-corps are going to take a big hit. Others will use shelf corps and any other means to redistribute their own wealth to avoid giving their money to the feds to burn. Business models will shift. It has only just begun.

UGH!

I really thought it was going to be easy to accept compromise. But I am starting to get a little antsy. I didn’t need to hear this the day after going nuts for Christmas.

Capitalist Hog on December 2, 2012 at 12:51 PM

The GOP needs to get out there with an alternative plan and take it straight to the American people. Take out full-page ads and TV spots. It’s clear that Barky believes he is the emperor and does not want to negotiate, so why bother him with details.

He has already insulted the American people by sending Tax Cheat Timmy to be his flunky messenger of fiscal plunder. Another $1.6 trillion in spending? Exclusive power over the debt ceiling? Where are the spending cuts, Barky? Another year of unemployment?

The can will get kicked again, I predict. The gulf is too wide.

And by this time next year, the mood will be even uglier with Obamacare cuts. LIB. This is what the morons chose when they voted for Barky.

Philly on December 2, 2012 at 12:54 PM

Capitalist Hog on December 2, 2012 at 12:51 PM

Amen. AAAARRRRRGGGGGHHHHH?!!!!!!!

Philly on December 2, 2012 at 12:55 PM

Could just one conservative make the case that taxes on the wealthy will not do anything to fix what is really needed in this economy?

JOBS, JOBS, JOBS!!!!

It’s so simple and yet not one talking head will say it.

Increasing taxes on wealthy individuals is not the answer as there just isn’t enough of them or their wealth to solve the shortfalls of the past four years.

If the “wealthy” create more jobs, then they will be paying more in those taxes which are paid when someone is employed. Payroll, unemployment insurance, Medicare, SS, income all of them would rise.

Am I wrong?

Jvette on December 2, 2012 at 12:56 PM

Clinton rates? Fine, Clinton spending levels as well. Suck on that Oa$$wipe!

jawkneemusic on December 2, 2012 at 12:56 PM

The Administration is saying that hikes in the tax rates, along with a few ‘cuts’ of a paltry $40 billion a year, are needed to close the deficits. But Obama also wants $1.6 trillion in further stimulus. In common Washington-speak, that’s new spending.

Why should the Dems get a tax increase when they’re only going to fritter away by exponents much more than the increases will bring in?

Let’s go over the cliff now and be done with it, because we’ll be facing this same situation again in a year or two, with bigger numbers.

Liam on December 2, 2012 at 12:57 PM

Barky wants to crash our economy and the House GOP knows it. Congress could suspend appropriating any money, draft copious bills that curtail spending and revamp entitlement programs while standing firm on not raising taxes. The House GOP could do these things. They could hold firm to our values and principles, but they’re terrified of being labeled obstructionists. The rub is, they’ll be branded and blamed anyway, so there’s never been a better time to call Barky’s bluff.

Slainte on December 2, 2012 at 12:57 PM

offer Simpson Bowles or offer to actually lower middle class rates even further and make them permanent. O a$$wipe won’t go for it but at least it will take this class warfare gun he’s point at our heads out of his hands.

jawkneemusic on December 2, 2012 at 12:50 PM

That is the ticket and it will show what the libs are really going for – higher taxes on EVERYBODY that actually pays taxes.

VegasRick on December 2, 2012 at 12:58 PM

Anyone who has ever had a three or four year old recognizes this behavior.

rjh on December 2, 2012 at 12:59 PM

I’ve adjusted . . . let it crash and let’s see how Obama explains all of the social program cuts to his parasitic, left wing constituents. Now, the House should not appropriate or approve any budgetary requests for new spending from Obama. They have the Constitutional authority to control the “purse” and now they must exercise that authority.

rplat on December 2, 2012 at 1:01 PM

TG: If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

Couple of things. First, is he saying we should create another bubble like the dot.com bubble?

Second, are they willing to cut federal spending back to Clinton era levels?

ButterflyDragon on December 2, 2012 at 1:03 PM

Let it burn.

That’s what America voted for, and that’s what the GOP’s message should be – “you wanted more 0bama, well this is what you voted for – enjoy your higher taxes, higher unemployment, higher debt”.

Rebar on December 2, 2012 at 1:03 PM

So, let me guess. Timmy tax cheat goes on 5 shows this morning and no one asked him about the huge power grab by eliminating the debt ceiling?

JPeterman on December 2, 2012 at 1:03 PM

Looks like somebody in this Administration is actually trying to crash the dollar…big time…George Soros currency manipulation big time…with full intent to bring the dollar to the level of the Zambian kwacha, Nepali rupee or other insignificant minor world currency.

coldwarrior on December 2, 2012 at 12:43 PM

Yes

Republicans need to get out in front of this strategy by passing bills in the House before the fiscal cliff hits — bills that they can point to showing that they would keep the middle-class tax cuts, if only Obama would deal.

Or passing something like Simpson Bowles.

They need PR cover if Obama is determined to go over the cliff.

Revenant on December 2, 2012 at 12:37 PM

Correct, although they will gain no PR cover since the MSM is with the WH. However, Obama will lose the stage to the lower level idiots in the Senate.

Obama is staging the deal so the Republicans take the blame for all failures of his deal, and his deal is guaranteed not to perform. The handouts, which would happen immediately, would be credited to Obama, and the failures of any Obama deal will be credited to the GOP

Therefore the GOP has no gain in really negotiating

They ought to send a string of second tier volunteers to go eat dirt at the WH while they simply pass their own law in the House. Then bring up that law as a starting point. It will shift the dealing from the WH to Congress.

The Senate DEM will offer something that would crash the US. They will then pass it. Negotiations between the two versions will go on ad nausem,

The whole gimmick is a charade, but there is no reason to give the front seat to Obama. Time to move on

Sadly, the person hated by the GOP elites, Michelle Bachmann, was correct in opposing this act that got us here. We would have less damage had the GOP not agreed to postpone everything to the start of Obama’s new term. They thought this would impact the recent election. What was gained? They were trashed anyway and they gave the DEMs all their chips

I am bored with the sado-masochism. Time to take the hit

entagor on December 2, 2012 at 1:08 PM

http://www.facebook.com/sarahpalin/posts/304661786301582

Sarah Palin
November 27 at 2:17pm ·

Politicians. Were they lying then or are they lying now?
America, Inc – ForAmerica’s Bozell calls out GOP leadership on Fiscal Cliff
http://www.foramerica.org

Speaker John Boehner, Leader Mitch McConnell, Majority Leader Eric Cantor, and Minority Whip John Cornyn
United States Capitol
Washington, DC 20215

November 27, 2012

Speaker Boehner, Leader McConnell, Majority Leader Cantor, and Minority Whip Cornyn,

The 2012 election is over and now is the time to focus on delivering on the promises you made to the country during the campaign.

With the so-called “fiscal cliff” rapidly approaching, both sides are making opening gambits and the talk so far is alarming. You led the Republican Party for two years claiming emphatically that the tax increase on “the wealthy” that Barack Obama is determined to enact is really a devastating tax hike on small business owners that would kill jobs and decimate any kind of economic recovery. Now conservatives see daily stories asserting that the GOP agrees with the President that “revenues are on the table” and GOP elite are all over the airwaves asking if the Tea Party will care if “a few multi-millionaires pay more in taxes.” That talk is only embolding liberals to demand even higher taxes. New York Times columnist Paul Krugman and others are openly calling for a return to taxing Americans in the top rate at 91 percent. Yes that’s ludicrous, but liberals feel comfortable making such outlandish proposals because they feel you are weak enough that you will continue to surrender to evermore higher taxes having capitulated once already. They will never be satisfied. You know that.

Conservatives have one question to ask: If you now claim a tax increase on small business is the correct course of action, were you lying all along when you claimed this tax increase would decimate the economy? Because if you were not lying, you will now be willing participants in the destruction of American jobs in a time of economic crisis. This is the question you must answer, given the posturing of many Republicans in the immediate aftermath of the election.

However, if the GOP wakes up and decides that the principles they fought for during the campaign were more than empty political posturing, there is another option. The Congressional Budget Office (CBO) recently released a report which makes clear that if the fiscal cliff is ignored, once again punting the ball away, federal public debt as a percentage of Gross Domestic Product (GDP) – currently at a 60-year high of 70 percent – would skyrocket to a catastrophic 90 percent. The CBO report provides options for reforming the biggest drivers of our long term debt – entitlements – and to no one’s surprise two of the biggest steps that Congress can take toward getting our fiscal house in order are: repealing ObamaCare’s gigantic insurance subsidies and repealing the individual mandate. According to the CBO, repealing ObamaCare’s insurance subsidies would save $150 billion in 2020
alone. Similarly, repealing the individual mandate would save $40 billion in 2020 alone.

If the GOP is really serious about doing something about out-of-control spending and about honoring their commitments to the American people, then here is the path to follow. It’s a path laid out by independent experts which reins in spending, prevents us from going over the fiscal cliff, and undoes the largest federal power-grab in American history. It’s what you promised the American people.

Either Republicans are serious about honoring their commitments, in which case they will accomplish this through the power of the purse, or Republicans are not serious about their promises, and will ignore the solution. Either/or, no other options. No more excuses, no more rhetoric. No more meaningless half measures. Take the correct course and America will thank you for saving us from the coming disaster, or take the wrong course and co-own the disaster while being exposed as fraudulent to your constituents.

Sincerely,

L. Brent Bozell III
Chairman, ForAmerica

We need a TRUE Conservative to lead the party.

PALIN 2016

ChuckTX on December 2, 2012 at 1:10 PM

We cannot control our spending!

Give us more money!!!!!!

Yeah, right.

profitsbeard on December 2, 2012 at 1:11 PM

So, let me guess. Timmy tax cheat goes on 5 shows this morning and no one asked him about the huge power grab by eliminating the debt ceiling?

JPeterman on December 2, 2012 at 1:03 PM

Pretty good guess to me. I don’t know, I didn’t watch again today.

22044 on December 2, 2012 at 1:11 PM

That picture of little timmy looks like a grasshopper with small eyes. At least to me he does!
L

letget on December 2, 2012 at 1:12 PM

Make the DemocRATs own the concept of raising taxes being the panacea for solving the debt crises, then offer to double the DemocRAT suggested rise in income tax on the “wealthy”.

Knott Buyinit on December 2, 2012 at 1:14 PM

We cannot control our spending!

Give us more money!!!!!!

Yeah, right.

profitsbeard on December 2, 2012 at 1:11 PM

Who would have ever thought it was possible to make heroin junkies and crack heads look sane rational and thrifty?

SWalker on December 2, 2012 at 1:16 PM

Anyone ask Timmy tax cheat when King Obama is going to come up with a budget? And points for Chris Wallace.

Ouch! Chris Wallace Smacks Down Geithner on Imaginary War Savings (Video)

JPeterman on December 2, 2012 at 1:18 PM

Republicans (forget Democrats – they lost their minds long ago) need a math lesson: Revenue = Income (etcetera) x Rates.

This economy can certainly produce more revenue, but not until Barack Obama goes to Hawaii for a 4 year vacation, and takes Geithner wtih him.

And, while they’re touting the Clinton tax rates, that means everybody, not just evil rich people (who have no right to equal protection under the law or to the income they earned, if someone else wants it – see Atlas Shrugged – once again). And it means Clinton spending levels to go with it. Right? Of course not.

Do the Republican’s actually have a voice, that can voice the obvious counters to this madness, rather than simply laughing at Geithner (who is, admittedly, laughable) or claiming that the Democrats aren’t serious. Of course they are. They’re serious about their favorite poetic passage? Ode to a Grecian Economy.

There is another side to the coin, Republicans. Is there a reason you can’t talk about it?

IndieDogg on December 2, 2012 at 1:23 PM

Barry’s “plan” is that “everything is on the table”.

AKA – “increase taxes on the rich”.

Hmmmm…..sounds just like Governor Moonbeam Brown. “Everything is on the table to balance the budget!”

AKA – ‘tax increases on the rich’. (Which he got)

Want to see what’s going to happen to the US economy? Just watch Kalifornia………spiral into the fiscal toilet.

GarandFan on December 2, 2012 at 1:27 PM

TG: If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

Let all taxes go to Clinton levels.

It will show the stupid middle class how much Obama hates YOU.

Hypocrites unite!!!

Schadenfreude on December 2, 2012 at 1:27 PM

there was an article i read yesterday, maybe even was linked in headlines ehre at hotgas. it pointed out the dems can let the bush tax rates expire and the next day introduce a bill to lower tax rates on those making less than $250,000 and dare teh GOP to oppose it. we are screwed, no matter how hard boehner/mcconnell fight things, not that i expect them to fight very hard anyway.

chasdal on December 2, 2012 at 1:28 PM

( Comment deleted by commenter, to save his posting privileges )
.
.
B L E E P !

listens2glenn on December 2, 2012 at 1:29 PM

Fools, from the left to the right – the rich never pay more. They just add the increase to the prices of what they sell/provide.

Obama hates the middle/poor classes, while he and Michelle live like Louis XV and Madame de Pompadour.

Schadenfreude on December 2, 2012 at 1:29 PM

( Comment deleted by commenter, to save his posting privileges )
.
.
B L E E P !

listens2glenn on December 2, 2012 at 1:29 PM

Fluke Obama and Geithner, in very painful ways.

Schadenfreude on December 2, 2012 at 1:30 PM

not that i expect them to fight very hard anyway.

chasdal on December 2, 2012 at 1:28 PM

Oh, they are fighting all right, just as hard as they can, their just not fighting for what you think they are.

SWalker on December 2, 2012 at 1:31 PM

GREEEEEEEEEEEEEDY Politicians and the media that enables the suckers!!!!

Beyonce them all!

PappyD61 on December 2, 2012 at 1:35 PM

God damn the stupid Rs in DC.

Schadenfreude on December 2, 2012 at 1:39 PM

God damn the stupid Rs in DC.

Schadenfreude on December 2, 2012 at 1:39 PM

Sorry man, they are not stupid, they know exactly what they are doing.

SWalker on December 2, 2012 at 1:41 PM

FU, Geithner.

LiB

petefrt on December 2, 2012 at 1:41 PM

Geithner’s talking point on Crowley’s show was “We made them an offer. They need to present their offer back to us.” The GOP needs to hold their ground and say we are not going to start talking until you make us a serious offer in good faith.

Obama’s offer is so far out in left field, and he is hoping the GOP take the bait and counters with an offer that won’t be nearly as ridiculous. If they do, the halfway point between the two will be skewed to the left of center and Obama wins. I’d like to see the GOP respond with an equally unrealistic offer and then say, “shall we try this again?”

Mallard T. Drake on December 2, 2012 at 12:43 PM

Someone correct me if I’m wrong, but it was the GOP (via Boehner) that made the first offer. It was, of course, ignored by the Legacy Media and Democrats.

visions on December 2, 2012 at 1:42 PM

If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

But Bill Clinton was President not Obummer…..

Bill was not a Marxist – just a horn dog…..

redguy on December 2, 2012 at 1:45 PM

so the likely scenario is the rate will go from 35 to 37 and dear leader will cry victory

cmsinaz on December 2, 2012 at 1:50 PM

Proponents of tax increases often reference the Clinton 1993 tax increase and the subsequent period of economic growth as evidence that deficit reduction through tax hikes is a pro-growth policy. What these proponents ignore, however, is that the tax increases occurred at a time when the economy was recovering from recession and strong growth was to be expected. They also ignore that the real acceleration in the economy began in 1997, when economic growth should have cooled. This acceleration in growth coincided with a powerful pro-growth tax cut.

The evidence is persuasive that the tax increase probably slowed the economy compared to the growth it would have achieved and that the subsequent tax cuts of 1997, not the tax increases, were the source of the acceleration in real growth in the latter half of the decade. As taxes are now above their historical average as a share of the economy, and are rising, Congress should look to enact additional tax relief to keep the economy strong.

visions on December 2, 2012 at 1:50 PM

While little timmy is on the talk shows spinning the krap bho wants done(will NOT take NO for an answer) bho is out golfing with bill c! Wonder if they are talking about how hill has her more than ample hind end in a sling about benghazi? Or if they are talking about the promise bho said he would pay hills election bill off? Or are they talking about how they can do a royal ‘up yours’ on the r’s on the cliff?

http://www.theblaze.com/stories/obama-is-golfing-with-bill-clinton-today/
L

letget on December 2, 2012 at 1:53 PM

Bill was not a Marxist – just a horn dog…..

redguy on December 2, 2012 at 1:45 PM

Oh, don’t get that phucked up, Bill Clinton is a Marxist alright, he’s just from the old “Frog boiling” school. Those who believe that the only true surefire way to make America a Marxist nation is the slow boiling of a Frog method.

SWalker on December 2, 2012 at 1:53 PM

GOP needs to call their bluff.

Put a deal forward, pass it in the house and for goodness sakes go out and SELL IT!

Don’t wait for Obama – make the first real serious move.

gophergirl on December 2, 2012 at 1:54 PM

So the bottomline is, noone should make over $200 grand and the government should run everything. Only then will we see justice and peace throughout the fruited plains — a John Lennon utopia at last. Everybody kumbaya!

Today, December 2, 2012, I am writing, we’re f*&^%$ under any scenario sooner or later.

racquetballer on December 2, 2012 at 1:56 PM

gophergirl on December 2, 2012 at 1:54 PM

+1

cmsinaz on December 2, 2012 at 1:59 PM

Dear Leader, his party, and the morons who voted for him should start paying the higher tax rates immediately. Noone’s stopping anyone from donating money to the feds. Just cut a check, why the wait?

racquetballer on December 2, 2012 at 2:02 PM

The President won the election running on just this very idea. Can someone remind the GOP that they got trounced on the Presidential level, whalloped in the Senate and lost seats in the House?

libfreeordie on December 2, 2012 at 2:03 PM

…TEA PARTY…!!!

KOOLAID2 on December 2, 2012 at 2:14 PM

The GOP needs to continue the obstruction. For one thing the Dems will get cold feet. They had a real good taste of Obama’s affectiveness in the 2010 midterms. If you think they’ve forgotten that you’re are crazy. There might be some short term polling hit but once Obamacare kicks in and people see how much of a boondogle it is the voters will be glad the Gop has obstructed the Dems. This is the play. Now the question is has the Gop got the balls to play it.

rik on December 2, 2012 at 2:16 PM

libfreeordie on December 2, 2012 at 2:03 PM

…gfys you socialistic sodomitic sh!thead!…get lost!

KOOLAID2 on December 2, 2012 at 2:17 PM

Is it right that the President takes a 4 million dollar vacation in the midst of our government financially tanking?

How many poor people could be fed with that 4 million dollars? How many homes could be heated? How many generators could be sent to Staten Island for that 4 million dollars?

Now.. I know the President needs vacations. but isn’t there somewhere he could go that might be a little cheaper. I realize he’s been under a lot of stress and all.. with all the people that have to care for his every want and desire it starts to feel like the walls are closing in on you sometimes. You need to get out. Eat some expensive steaks somewhere else for a change. Find a new expensive bottle of wine in a new expensive glass they don’t carry yet at the WH.

Wait.. I’m just a citizen. I’m not smart enough to understand that discussing 4 million dollar vacations in the midst a financial crisis with our government isn’t relevant at all. and besides… if someone in the GOP brought this up.. it might be embarrassing. It might actually catch on in the public and normal average every day Americans might question the value of 4 million dollar vacations too…. in the midst of talks about possible budget cuts and taxes being raised because the government can’t pay it’s freaking bills. And that might stir people up a little. They might, just for a moment, mind you, take their eyes off of the GOP and glance them forward towards Obama. Can’t have that. Besides… ticking Obama off too much and he might not invite you to play golf.

JellyToast on December 2, 2012 at 2:21 PM

TG: If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

And that’s why the Republicans should come out and say F U to Geithner and his boss because they are not serious. There is nothing magical about the Clinton tax rates. They don’t even believe their own empty rhetoric, because they only want to go back to the tiniest part of the tax rates. If those rates were so great, they would want to embrace the Clinton rates for everyone. The Republicans should be hammering them on this nonsense all day every day, and they should call the dems out for what they are…liars.

xblade on December 2, 2012 at 2:27 PM

There is a lovely retreat in Maryland called Camp David that the President can use.

Illinidiva on December 2, 2012 at 2:32 PM

Bill was not a Marxist – just a horn dog…..

redguy

Speaking of Bill, according to Timmy G. and Obama’s logic, since the economy was doing well while Clinton was cheating on his wife, Obama should start screwing an intern to improve the economy.

xblade on December 2, 2012 at 2:34 PM

‘Toon of the Day: Like White Lies On Rice

Resist We Much on December 2, 2012 at 2:20 PM

Another good cartoon can be found at:

http://hopenchangecartoons.blogspot.com/2012/11/refried-rice.html

koaiko on December 2, 2012 at 2:37 PM

Obama should start screwing an intern to improve the economy.

xblade on December 2, 2012 at 2:34 PM

Reggie Love moved on.

profitsbeard on December 2, 2012 at 2:45 PM

Geithner, in pictures and in reality, is the perfect symbol of the wussification of the USA.

Schadenfreude on December 2, 2012 at 2:45 PM

Welcome to AmeriKa, 2012, JPeterman and RWM.

´´Chicago Bob´´ said on the radio on February 6, 2009 that he was told in a meeting: ´´We are gonna build an army of Democratic patronage jobs, gonna completely freeze up the Republicans forever and ever. It´s a job patronage system, the same one they have in Chicago ….´´

No one paid any attention.

This all is now reality, and it must be financed.

Starve the Looters. Let them sustain their Utopia without you.

Schadenfreude on December 2, 2012 at 2:49 PM

Geithner, in pictures and in reality, is the perfect symbol of the wussification of the USA.

Schadenfreude on December 2, 2012 at 2:45 PM

Yes, he always looks profoundly frightened. Remember Waldo from Van Halen’s “Hot for Teacher” video? That’s Timmy. “Aw, gee Barry, I’m nervous and my socks are too loose.”

86 on December 2, 2012 at 2:50 PM

Video: Geithner says “no deal” without higher marginal tax rates

The Dems need to own this…ALL of it.

Dr. ZhivBlago on December 2, 2012 at 3:05 PM

Schadenfreude on December 2, 2012 at 2:45 PM

Geither has always reminded me of Tony Goldwyn’s character in that 1990 movie, Ghost.

Where are the shadow demons when we really need them?

coldwarrior on December 2, 2012 at 3:05 PM

Am I wrong?

Jvette on December 2, 2012 at 12:56 PM

I don’t understand. What’s any of that got to do with fairness?

Axe on December 2, 2012 at 3:08 PM

Meh!

I am going to do what Rahm did, declare my home a religious sanctuary and not pay any type of taxes. Then I’m going to see about accelerating our income into this year and defer future years’ income until 2018, kind of the way sports’ athletes do. Hopefully, by then, there will be some sort of fiscal sanity.

herm2416 on December 2, 2012 at 12:36 PM

Many corporations offer deferred-income plans to high-income employees. Take any % of your income you want, and defer it into a safe moderate-interest bearing account; elect to take it whenever you want. We’ll see growth in use of those plans.

slickwillie2001 on December 2, 2012 at 3:13 PM

TG: If Republicans are not willing to let rates go back up, and we think they should go back to the Clinton levels, a time when the American economy was doing extraordinarily well, then there will not be an agreement.

Fine! Let the rates rise to Clinton levels…ALL of the rates. Foe everyone across the board.
Let everyone enjoy an economy that’s “doing extraordinarily well”. Not just the “rich”. Everybody puts skin in the game and shares the ‘coming prosperity’.
And when people start whining about ‘high taxes’…tell’em, “tough stuff, bub, you voted for it so you got it — good and hard”.

Make lil barry crawl for a tax cut. A permanent one this time.

Solaratov on December 2, 2012 at 3:14 PM

‘foe’ = ‘for’

Solaratov on December 2, 2012 at 3:15 PM

Democrats believe that the economy was good during Clinton’s tenure because marginal tax rates on the rich were higher. But the facts are the economy was good in spite of the tax rates. They forget the nature of the economy then where the Internet was just blossoming and the .com bubble was still rapidly expanding.

Clinton also benefited greatly by a Republican congress that reigned in the excessive spending proposed by Clinton… the same Clinton who presided over a number of years of “budget surpluses”, had himself projected $200 billion a year deficits. Wow! To think $200 billion used to be a big number.

Dasher on December 2, 2012 at 12:49 PM

Don’t know if democratics ‘believe’ it, but they try very hard to make the rest of us think that. Odd that the internet explosion from 1992 to 2000 almost exactly coincided with Billy’s reign, though he had not a thing to do with it.

Clinton’s ‘surplus’ was also little more than a shell game with the Social Security so-called lockbox.

slickwillie2001 on December 2, 2012 at 3:17 PM

coldwarrior, aside from the national travesty, how are you?

Schadenfreude on December 2, 2012 at 3:18 PM

foe = liberals

racquetballer on December 2, 2012 at 3:18 PM

We need a TRUE Conservative to lead the party.

PALIN 2016

ChuckTX on December 2, 2012 at 1:10 PM

Too bad she shut herself down. Or the family did.

McConnell’s laugh was real. Did it gain him anything? No. Had he not laughed would he have gained anything? No. That is how the GOP is being played with a corrupt press.

McConnell can’t affect the Senate, but the the House can pass a bill. IMHO they should do the Obama thing and railroad track a really small version of Simpson Bowles. They need to add back the payroll tax, and use it to ‘pay’ for extending unemployment.

Do not waste time proving your numbers. Obama doesn’t. Argue what you want and insist it is needed to save real people.

No pork. No favors. Restore the Bush cuts. Senate won’t approve the bill, but the bill restores some social order. The more they add to the bill, the more they
obfuscate the arguments.

KISS Keep it simple stupid. To take back the argument pass a bill now. For once pretend you are the Senate. Railroad the bill in and then beat the hell on the drum for the bill

If they want to bargain more, add in a formula to replace what goes up in payroll tax as a credit for those with incomes under 100K.

This will not save the economy, but it will retain status quo, which is what the election really meant.

Do not waste time arguing about the Obama demands. That is carrying water for Obama. He knows that.

The GOP has to be hard axe, and concede no more. They have to present their bill as emergency concessions. The country will roast. Obama will play chicken. But the GOP will be arguing their own points instead of twisting on Obama’s stage.

entagor on December 2, 2012 at 3:23 PM

Is it right that the President takes a 4 million dollar vacation in the midst of our government financially tanking?

And that’s exactly why he will negotiate a resolution to this problem before he goes. He’s very proud of his “likeability” and if he runs off on this extravagant vacation just as others have been told to suffer, his likability will be about a foot below whale manure. and his public support will plummet.

rplat on December 2, 2012 at 3:25 PM

Is it right that the President takes a 4 million dollar vacation in the midst of our government financially tanking?

And that’s exactly why he will negotiate a resolution to this problem before he goes. He’s very proud of his “likeability” and if he runs off on this extravagant vacation just as others have been told to suffer, his likability will be about a foot below whale manure. and his public support will plummet.

rplat on December 2, 2012 at 3:25 PM

Naah. He doesn’t give a f. He won reelection, and the only likeability he cares about is from Big Union and the rest of his base.

slickwillie2001 on December 2, 2012 at 3:31 PM

The country will roast. Obama will play chicken. But the GOP will be arguing their own points instead of twisting on Obama’s stage.

entagor on December 2, 2012 at 3:23 PM

The country will be roasted by Obama. He will enjoy the burning.

Schadenfreude on December 2, 2012 at 3:32 PM

This is all a big joke, Obama is putting out pure rhetoric as if he were still running for re-election, the media is his propaganda wing, and the Republicans are falling right into the trap. He wants the House back and will keep stalling to scapegoat the Republicans.

His main line of attack is raising the rates on the so called 1%, there is nothing else he has seriously proposed for 2 years now – so let him raise the damn rates and take away that issue. Elections have consequences and I’m sick of this rhetorical game.

Otherwise, embrace Simspon-Bowles as the only serious bipartisan solution on the table and forget about these behind closed door negotiations that will go nowhere.

Daemonocracy on December 2, 2012 at 3:38 PM

I hear the talking head D’s running all over the place telling us that the evil R’s are holding the middle class hostage over an insignificant tax hike on the rich. Why can’t the R’s run around saying that the D’s are holding the middle class hostage over an insignificant tax hike for the rich? I mean, the D’s are just as intransigent and guilty of “hostage taking” so why can’t the R’s say so?

It comes back to that lack of R messaging that I wrote about before. They need to ensure that every R who goes on a talk show gives the same spiel using the same buzzwords! Americans respond to repetitive inanity. Sad, but that’s just the way it is.

MJBrutus on December 2, 2012 at 3:40 PM

Say, Timmy, I’ll give you the Clinton Era Tax Rates if you give me the Clinton Era Government Size… agree to wipe out everything added by Bush and Obama, every change, every added person on the payroll, roll back all the spending even for entitlements, roll it ALL BACK… then you can have the Clinton Era Tax Rates.

Otherwise, a deal is a deal.

Obama got an extension of the Bush-Obama tax cuts for one year in exchange for a ONE TIME raise of the debt ceiling. Now you can get your tax rates, and deliver a balanced budget, young feller me lad.

You’re just airing your mouth out without saying anything if you can’t agree to either of those.

ajacksonian on December 2, 2012 at 3:45 PM

Let me guess: after the clip ends, that’s when Candy asks him, how about returning to government spending levels to Clinton-era levels?

Hmmm, unless she forgot.

PattyJ on December 2, 2012 at 4:02 PM

FORWARD to the Clinton years!!!!

arik1969 on December 2, 2012 at 4:03 PM

Are we still talking about the fiscal cliff? Why?

The mandatory spending reductions are the best spending deal we are going to get, so I’m all in favor of it. I’m especially in favor of it if we can stop having to listen to tax cheats like Geithner, a man who should be just getting out of prison about now, blather on national TV about tax increases.

Here’s the predicate to any ore “negotiations”: if the President, Reid and Pelosi release a list of $1.2 trillion of spending reductions (mostly non-defense) then they have proved their serious intent. Until then it’s all BS, and Repubs should just go home for the holidays.

MTF on December 2, 2012 at 4:09 PM

This should be the GOP offer: We’ll agree to any taxation you want as long as the 2013 annual budget is balanced.

It will destroy all the Democrat demagoguing points and reveal the truth that we have a spending problem.

gwelf on December 2, 2012 at 12:47 PM

Amen!!! Taking every penny people making over $250k make each year would fund the government for something like 16 weeks!

txhsmom on December 2, 2012 at 4:20 PM

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