Quote of The Day 12/07/2010

"This isn't the politics of the moment, this has to do with what we can do right now" -President Obama

...who now extols the value of a temporary deal to buy the time necessary to have a "political battle." Where was the importance of time for political battles when bailout and obamacare discussions were underway? Oh, that wasn't his ox being gored, was it?

Another money quote from the President's press conference today: "When these expire in two years, I will fight to end them" . . . translation: when I have gone through my NEXT election with the uncertainty of the largest tax increases in US history hanging over businessmen's heads, THEN we'll see what I want to do about these pesky tax hikes. Democrats in Congress understand that another election season with tax uncertainties looming large will take away more of their jobs. As job retention is priority #1, they are pushing back against the 'compromise' of only giving away free unemployment pennies from Heaven without also soaking the filthy disgusting Rich People for more tax money.

Idiot punditry highlights of today include a lefty blogger who expressed surprise that President Bush is still in office, and a real winner at the game of Life, who said extending the Bush tax cuts would make a $4T hole in the budget.

This is a mess, caused largely by a lack of political courage on the part of your Elected Heroes. The ONLY solution we should have is an extension of tax law for everyone, followed by drastic austerity measures at all levels of government AND a continuation of the discussion of what to do with tax law *cough*fairtax*cough*. Unemployment benefits need to be cut off. After two years of "can't find a job" it is a pretty safe bet that "can't" means "won't" and you need some tough love.