Left shocked to discover ‘Waffles’ Obama not a fighter

Update: More from Jonah Goldberg on Obama as Bush 41

They are Shocked I say! Meet The Stranger you elected. He has important Hawaii Christmas Vacation plans people! He cannot be bothered to stay around and deal with this ‘symbolic fight’! BWAAAAHAAAA!

As for me, well I was wrong, wrong, wrong. In fact I have never been so, so wrong and felt so, so good about it.

I have said a thousand times Obama would never ever extend the Bush tax cuts for the top 2%. I have said a thousand times the business community and GOP strategists who claimed Obama would extend these tax cuts were in DENIAL. Seems I was just wrong! Obama has reversed himself on his most loudly touted base promise in his entire campaign, that the tax cuts for ‘the rich’ must not be extended. What a reversal.

Did he do it in a Trumanesque fightin’ way? or in a smooth Big Dawg Reversal of Fortune move to the center?

Nah, he collapsed like a wet noodle.

I LOVE the payroll tax holiday, we have been pushing it here for a while, following in the footsteps of Scott Brown who brought it to the Senate floor for a vote where it was defeated by DEMOCRATS. A good ROI IMO.

Don’t kid yourselves, Obama was SELECTED to cut SS, period. Whether we get to keep more of our earned money in our paycheks for a year is irrelevant in re SS Funding. The FIX IS IN. So enjoy the extra $ in your paychecks while you can, assuming you have a paycheck in the Obamaconomy.

Turns out the UE extension is NOT for the 99ers. Those folks are finally out of time. So Obama did a deal that didn’t help the people he said he was most concerned about. Again.

…The 99ers are unemployed American Job Seekers who have EXHAUSTED all forms of jobless benefits extensions.

These 6 Million and growing jobless individuals have been without any form of supplemental income payments since April 30, 2010. The 99ers are  those who were NOT included in the reported President Obama compromise deal’ with Republican Senate and House leadership.

Two Million job seekers unemployment benefits were exhausted on November 30th.  This group is the ones that were included in the ” with the GOP…

Like Healthcare and Housing which were run by AHIP, Pharma and TBTF.

Empty Suit has now caved on his primary promise to his ‘base’, what’s left of it. I agree with Ed at HotAir, this is not a Bill Clinton moderation, this is  G HW Bush ‘Read My Lips’ betrayal of his primary constituency.

…Any progressive populist worth his salt opposed them and pledged to reverse those tax rates — as did Obama on a number of occasions.  Similarly, conservatives oppose tax increases, and when George H. W. Bush caved to Democrats after telling voters to “read his lips” in pledging “no new taxes,” it undermined his standing with the base entirely.  This is Obama’s “Read my lips” moment with the Left, and the war between them has just broken out….

We get growth, and Obama gets exposed as the empty, centreless, directionless ‘pragmatist’ aka passive-aggressive caver in chief that he is.

A twofer!

And for added Karmic Goodness, Jake Tapper reports that a WH ‘spokesperson’ called out Schumer specifically for failing to fight. Recall Halperin’s book revealed it was Chuckie Cheese Schumer with Dingy Reid who setup the back stabbing meeting to CONVINCE Obama to run against Hillary back in the Senate. What a prxck. Well reap what you have sown Chuck.

…“It was like the Jets versus Sharks except there weren’t any Jets,” the official said. “Senator Schumer says he wants a fight? He couldn’t hold his caucus together.”…

Yeah let him eat his waffle Chuck. You picked him, now deal with it like the rest of America.

December 7, 2010. Tags: , , , , , , , , , , , , . Economy, Finance, Foreclosures, Healthcare, Hillary Clinton, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Obama to rule out any compromise for extension of Bush tax cuts on top 2% Wednesday…

Another one for the files..the NYT lede: “President Obama on Wednesday will rule out any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year…”

This is as we predicted, but just today the delusional or willfully blind floor traders at NYSE told Bob Pisani they expected the Bush Tax cuts for the top 2% to be extended.

They (market watchers) have claimed this crippling maneuver is ‘priced in’ to the markets while simultaneously every talking head on CNBC has been saying ‘no way will they let those expire! that would be crazy!” for months.

Yet here we are, as predicted. Obama and Pelosi would never, ever let those tax cuts get extended come hell or high water (or low water mark for the GDP whatever the case may be).

So tomorrow we will see if the expiration was indeed priced in or if the markets realize just who Obama is, finally, and tank in response.

And the really great news is Obama is going to GET partisan in his speech, like he hasn’t already? NYT in same piece linked above says he will talk tough on the differences b/w GOP and Dems. Oh brother. More Spike Lee Malcolm X dialogue mayhap? Ditches? Bamboozlement?

Well, I don’t hate the rich. I recognize they hire people and create jobs. I think the geniuses at the WH who designed this plan STILL do NOT GET the American people. We don’t want to fight the rich, we want them to hire us! So we can save and invest and help our kids get farther than we did. American Way, American Dream , get it?? Sheesh.

September 7, 2010. Tags: , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, Taxes, Unemployment Statistics. 1 comment.

WH Christina Romer on Jobs Summit

Update: Another GOP Senator backing a payroll tax cut. Orin Hatch R-(UT?) on FOX Biz Happy Hour calling for one. GOP had an economic round table today and leader Boehner came out for a payroll tax cut. I have noticed for 10 years now that whatever party is in power the OTHER one always backs the payroll tax cut but I have never seen any of them enact one!


Vodpod videos no longer available.

Oh boy. Not a word about a payroll tax cut. Doesn’t sound like there is anything to look forward to in the new 300 billion jobs bill except perhaps the COBRA subsidy extension. The big plan that Christy says she does not want to get in front of Obama announcing (too late Christy, Pelosi already let the cat out of the bag) is to use the unused TARP funds to pay for this jobs program.

Glad they are not earmarking more money but canlt they just let us keep some of our own money. A payroll tax holiday would IMO BOOST state local income more than a Federal bailout. All the new hires form the employer side of the payroll cut and all the retail spending in sales taxes on the employee side of the payroll tax cut would generate IMO far more revenue for the states then another federal bailout of the states!

more about “WH Christina Romer on Jobs Summit“, posted with vodpod

December 3, 2009. Tags: , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Godot arrives!! Citi Pops on 326b deal; Waiting for Lefty: Obama advisers say tax rollbacks may wait..

UPDATE 3: 7:00am PST: CITI package announced, shares jump:

The government agreed to invest $20 billion in Citi and to guarantee as much as $306 billion of Citi’s troubled assets in a deal reached Sunday. The deal also gives the government control of executive bonuses, and limits dividend payments.
“The U.S. government’s creative ring fencing of Citi’s $306 billion in troubled assets is a strong positive for the system and for Citi shareholders,” Morgan Stanley analyst Betsey Graseck wrote in an early Monday morning research note.

CITI ask is now $6.00; DOW futures up sharply on the news, up 122 as we get ready for the open…a presser later this morning will confirm the appointment of Tim Geithner as Secretary of the Treasury and Larry Summers as chief of the POTUS Council of Economic Advisers…..

Watch CNBC LIVE reports from Asian markets here

UPDATE 2: 7:50pm EST: As predicted, CITI is hurting Australian markets, and their regulators are ready with a response, I hope we have a deal announced shortly before we hit the Asian markets:

Australian funding costs rose after last week’s plunge in Citigroup Inc. shares sparked concerns about the fate of the company and its $2 trillion of assets.

The rate Australian banks charge each other for three-month loans rose 3.8 basis points to 4.47 percent at 10:07 a.m. in Sydney. The difference between that yield and the overnight swap rate, a measure of funding scarcity, rose for a fifth day, adding four basis points to 55 basis points, the highest since Nov. 6. The measure averaged 11 points in the five years to July 1, 2007.

The Reserve Bank of Australia pumped A$3.27 billion ($2.1 billion) into the financial system today after estimating the shortfall would be A$3.65 billion. Banks on Nov. 21 reduced deposits held at the RBA by A$317 million to A$3.9 billion, the central bank said today on its Web site…

UPDATE: 7:00pm EST: Bloomberg is reporting a deal of some sort has been struck at CITI with some form of government guarantees…


November 24, 2008. Tags: , , , , , , , , , , , , , , , , , . citigroup, Economy, Entertainment, Film, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Wall St. 7 comments.

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