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awallejr (80.10)

Advice to President Obama

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June 07, 2012 – Comments (24) | RELATED TICKERS: T , P

I happened to catch Larry Kudlow's interview of Speaker of the House Boehner tonight.  Larry asked in effect why no compromising to which Boehner responded he prefers to find common ground. Now there's the kicker.  If President Obama sent proposed legislation seeking to ONLY extend the Bush tax cuts for those households earning under $200,000 would the Republicans support that?  Afterall since they say they oppose raising taxes the proposal  would be common ground.

That actually puts the pressure on the Republicans.  If they oppose it they could be viewed as being hypocrital and anti Average Joe. 

24 Comments – Post Your Own

#1) On June 07, 2012 at 9:21 PM, devoish (98.76) wrote:

I think legislation was proposed to extend the Bush tax cuts for households earning under $250,000 over a year ago. It was not common ground enough.

Best wishes,

Steven 

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#2) On June 08, 2012 at 12:34 AM, awallejr (80.10) wrote:

I missed it if formal legislation was submitted. If that was the case then shame on Boehner.  This should be a point pounded home to the Average Joe in my opinion.

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#3) On June 08, 2012 at 10:19 AM, Turfscape (41.28) wrote:

One thing to understand: For a politician, "common ground" refers to the ground on which they currently stand. All politicians will happily share that ground if the other side makes the effort to come all the way over and share it.

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#4) On June 08, 2012 at 10:37 AM, edwjm (99.83) wrote:

Three Cheers for Turfscape!

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#5) On June 08, 2012 at 10:37 AM, mtf00l (48.59) wrote:

Modern day politicians at that level are puppets.  If you can, follow the money and you'll find the puppet masters.

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#6) On June 08, 2012 at 10:38 AM, eddietheinvestor (< 20) wrote:

Boehner and Obama had found common ground last year on the debt ceiling and agreed on a deal. But then Obama backed out of the deal after receiving pressure from his liberal base.  It takes both sides to reach an agreement.  Republicans have to be willing to give up tax cuts for the wealthy, and Democrats have to be willing to reduce the federal debt or at least start reducing the expansion of the debt.  Neither side is willing to compromise; both sides are at fault.  So this post that solely blames Boehner and Republicans is not accurate or fair, in my opinion.

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#7) On June 08, 2012 at 11:01 AM, edwjm (99.83) wrote:

Giving up tax cuts for the wealthy will reduce the expansion of the debt.  Republicans do indeed want it all their way -- reduce the debt by cutting social programs while increasing the debt by extending all the Bush tax cuts and continuing to expand corporate wellfare!

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#8) On June 08, 2012 at 11:11 AM, eddietheinvestor (< 20) wrote:

But Democrats also want it all their own way, wanting to take away tax cuts for the wealthy but refusing to making any cuts to the debt or cutting programs or working toward making Social Security solvent.  They would rather not fix Social Security because doing so is not currently politically expedient; they would rather destroy Social Security and let it run out of funds in twenty years than fix the program now.  Again, it takes both sides to fix things.  Blaming only one party, as these blog posts do, doesn't help.  Both parties need to work together.  Republicans have to give up the tax cuts, but Democrats have to stop letting the debt get further out of hand.

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#9) On June 08, 2012 at 11:24 AM, edwjm (99.83) wrote:

eddietheinvestor:

Your arguement is invalid:  Democrats would love to stop letting the debt get further out of hand -- It is the Republicans are the ones that won't give about how!  They are out to kill Social Security, Medicare, Medicaid while killing the savings by increasing money for what Republican President Dwight David Eisenhower called the military- industrial complex!

Trying to use phoney arguements to spread the blame for budgetary irresponsibility away from the recalcetrant Republicans is just propaganda and political posturing.  There is so much wrong with this country that a little flexability of the part of Republican would help alot.  The Democrats, on the other hand have compromised far too much already and would be doing this country a major disservice by compromising any more than they already have!

Meanwhile, the Republicans continue to say, "no, no, no, no, no, no, no, no, no, no, no, no, no, no!"

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#10) On June 08, 2012 at 11:26 AM, edwjm (99.83) wrote:

and, "Hell, no!"

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#11) On June 08, 2012 at 1:00 PM, chk999 (99.98) wrote:

Democrats would love to stop letting the debt get further out of hand

Thanks, I haven't had this good a laugh in days. 

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#12) On June 08, 2012 at 1:07 PM, talan123 (64.87) wrote:

When investing and politics combine, as they often do, just realize that the economic theories become fact to those who are arguing.

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#13) On June 08, 2012 at 1:08 PM, awallejr (80.10) wrote:

 eddietheinvestor

I don't disagree with you regarding the need for compromise.  But how do you compromise when the other side keeps saying no and their own leader stated on National TV that HE doesn't believe in compromising.

Again I suggest Obama send down fresh legislative proposal extending the Bush tax cuts for those earning under either $200,000 or $250,000 (whichever) for immediate passage.  If Boehner stalls it he will have told you what his real agenda is and it isn't for the Average Joe.

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#14) On June 08, 2012 at 1:39 PM, drgroup (68.37) wrote:

Boehner is a spineless leader. To the devil with compromise. Leave the tax cuts as they currently are...

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#15) On June 08, 2012 at 2:33 PM, edwjm (99.83) wrote:

drgroup:

I hope you mean let them expire as they currently will

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#16) On June 08, 2012 at 10:22 PM, Melaschasm (88.99) wrote:

Democrat and Republican politicians compromise all the time... Usually to the detriment of the american people.

While the idea that republicans should raise taxes on the wealthy and democrats should cut spending is a popular opinion, it is not a compromise for those who support this specific legistlative agenda.

 

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#17) On June 08, 2012 at 11:13 PM, awallejr (80.10) wrote:

Why not?  It would be if you are diametrically opposed, depending upon which side of the aisle you sit on.  That is why Boehner's admission to Kudlow on national TV is telling.  In essence he acknowledges that the Republicans are the ones causing the gridlock.  He stated outright that he doesn't believe in compromise. So put him to the test.  Offer him "common ground," namely let's extend the Bush tax cuts for those earning less than $200,000-250,000.  He will refuse it because he is full of BS.

 

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#18) On June 08, 2012 at 11:23 PM, Melaschasm (88.99) wrote:

Lets see if I can explain this with a simplified example.  Pretend for a moment that we do not have a House, Senate, President, and Courts.  Instead we have a parlimentary system with five representatives, and they are not corrupt, but rather have true philisophical differences.

One believes we should raise taxes and spending.  A second believes we should cut taxes and spending.  A third believes we should raise taxes and cut spending.  A fourth believes we should cut taxes and increase spending.  The fifth is a moderate centrist who alway supports the compromise position, and stands upon common ground.  

What will the fifth person support in order to make sure that a true compromise is reached? 

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#19) On June 08, 2012 at 11:44 PM, awallejr (80.10) wrote:

Except your example is unrealistic given our current political system.  We are for good or bad a two party system.  The Constitution doesn't provide or negate this, it is just the way things developed.

Compromising IS about giving up something one has strong feelings about in order to arrive at an ultimate agreement. Boehner told you tough.He said compromising is giving in to one's value and hence should not be condoned.

I call Bullsh*t.  If he is truly sincere about the whole "common ground" concept then suggest the tax proposal I have mentioned.  I bet dollars to donuts he will stall it.

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#20) On June 09, 2012 at 12:30 AM, Melaschasm (88.99) wrote:

While my pretend system does not exist, every philosophical position I listed is held by different politicians.  Some of the philosophies are more popular than others, but we do have a very diverse set of beliefs amoung the politicians representing us.

While Boehner may talk tough about compromise, he is the one who has caved in on spending increases every time there has been an attempt by republicans to slow the rate of spending growth.  It is the big spending liberals who have not compromised on spending in over 50 years.

On taxes there has been many compromises.  We had the Reagan tax cuts, the Bush tax increases, the Clinton tax increases, the Bush tax cuts, and now the Obama tax increases.  

If compromise is really some wonderful ideal, then we are waaaaayyyyyyyy overdue for some spending cuts. 

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#21) On June 09, 2012 at 4:21 PM, devoish (98.76) wrote:

The Obama tax increases would be more accurately referred to as the Obama tax cuts.

Best wishes,

Steven 

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#22) On June 12, 2012 at 2:47 AM, drgroup (68.37) wrote:

edwjm:"I Hope you mean let them expire as they currently will"

No leave them in affect, and possibly cut some more tax basis's,This will leave more disposable income to flood the markets which will be taxed. This procedure increases revenues to the IRS.This is a known fact.

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#23) On June 12, 2012 at 7:15 AM, skypilot2005 (< 20) wrote:

It's Bush's fault.

Now.  Let's get on with "Hope and Change". 

How people can be surprised by economic decisions made by a former Community Organizer is beyond me. 

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#24) On June 12, 2012 at 7:40 AM, MontgomeryMia (< 20) wrote:

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