This has been a week of blatant, transparent lies.
Later that same day, Barack Obama announced that a "deal" had been reached with the Republicans over the expiring 2003 top bracket income tax cuts. The fact it was called a "deal" was itself a lie. Heck, the 2003 tax cuts were passed under the ridiculous name, "Jobs and Growth Tax Relief Reconciliation Act." How were the twenty-hundreds to you and your family? If you were an average American, you probably didn't get a pay raise while working the same job. However the big lie was delivered by the President himself:
I have argued that we can't afford [to extend the top bracket tax cuts] right now. But what I've 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 at this moment.
That's a complete lie. There is no reason to link the expiration of tax cuts for the wealthiest Americans with a tax hike for the middle class. None. They should be separate issues. In fact, the president should have had the upper hand here. He should have gone into these talks with the intent of letting the clock run out, and allowing all tax cuts to expire, not to work out some sort of "deal" with Republicans.
The president's logic seems to be that he was boxed into renewing the Bush tax cuts because the 2009 middle class tax cuts were given the same expiration date (12/31/2010). The talking point from the president's advisors is, "not all the tax cuts were Bush's." Okay. But the unfortunate decision to have the middle class tax cuts expire at the same time as the top tier tax cuts is the fault of the Democrats. But as president, Obama could very easily let it all expire. He could ask Congress to send him a bill to reinstate tax cuts for the middle class (which he won't get). But he would have plenty of political cover because he wouldn't ask for an extension of the top bracket cuts, nor would he have to sign such a bill if it reached his desk. He has the upper hand, and apparently doesn't understand it.
Extending the top bracket tax cuts only increases the chances of them becoming permanent under the next Republican president. In my lifetime, we've gone from a 50 percent tax rate to a 35 percent tax rate for individuals netting more than $300,000 (net, mind you, after all charitable donations designed to help affluent people avoid the highest tax rate). Amazing. Where's the 15 percent decrease for New Yorkers paying income taxes to three governments, and whose water bills have risen over 10 percent each year for the last three years?
But instead of letting the clock run out, the president is promoting a Republican-led bill that would extend the top tier tax cuts another 24 months, presumably when another president and congress will have to sort it out.
And then it got worse. On Wednesday, the President doubled-down, saying that if the drafted bipartisan bill was not passed, the country might slip into another recession. Fortunately, over 50 House Democrats called bullshit and have pledged to vote against the bill.
This latest failure of the President to battle the Republicans opens the door to a question that a lot of Liberals have been asking lately - does Barack Obama even want to be president? This immediate capitulation, when all he had to do was run out the clock and veto tax cut bills in 2011, is the clearest evidence yet that the president either does not know his job or doesn't want it. Does he already want to pack up and go home to Chicago? Why did he betray a major campaign promise so quickly?
In my opinion, Obama is a very tired man. He realizes now that his great charm and intellect will not win him political battles. And since he is not a fighter, he is simply going to avoid battles altogether. He just wants to go back to Chicago. He's as discouraged and deflated as the rest of us. However, he gets to go home. We're left still needing a strong, progressive leader. He'll be left with free healthcare, paid speeches, and personal security for life. That's not a victory. That's a tragedy. After years of advancement, hard work, and success, Barack Obama finally stalled and failed when his country needed him most.
The president is well read. Did he ever read this quote by Mahatma Gandhi?
All compromise is based on give and take, but there can be no give and take on fundamentals. Any compromise on mere fundamentals is a surrender. For it is all give and no take.
And Keith Olbermann makes what should be one of his final Special Comments about this president. There really isn't much more to be said with 22 months remaining. Here's Keith on December 7th, explaining in 12 minutes, how Obama officially betrayed his base, once and for all: