Friday, December 10, 2010

Deal? Or No Deal!

President Obama hasn't just blinked, he's now hammering those eyelids up and down he's creating a windstorm. Word came out this morning that he's open to renegotiating the tax deal that he entered into with Republicans earlier this week.

You'll remember that earlier this week it was announced that the Bush tax cuts would be extended for everyone. In addition to keeping the tax rates the same, they agreed to lower the payroll tax, leaving more of your hard earned money in your pocket rather than in the hands of the government to misuse. They did agree to set the estate tax at 35% beginning at $5 million.

This infuriated Democrats! Apparently, they were left out of the discussions. They were so mad that one Democrat was heard to say "F*** the President", making Joe Wilson's "You lie" comment during a speech to a joint session of Congress, seem like a compliment.

This president seems to have a problem getting along with others. For the first 18 months of his Presidency, he never met one on one with Senator Mitch McConnell who is only the leader of the Republicans in the Senate. Now that the Republicans are on the verge of taking over the House following the election which gained them 63 seats, and the Senate Republicans have gained six seats, he's now willing to talk to the Republicans, but not to his own Democrats.

In response over the deal, Obama came out and lambasted the Democrats and the Republicans. He said that Republicans had held the middle class hostages and that while he wouldn't deal with hostage takers, he makes an exception when the hostage is in danger. Calling Republicans hostage takers after having just come to an agreement with them is not working and playing well with others. Telling his own Democrats to in essence "man up" shows that he can't play well with friends either.

Now he's showing that his word means nothing. Actually, this the second time on this topic that he's gone back on his word. During the campaign, he said that he would see to it that the Bush tax cuts for the rich would be rolled back. Then he agrees to extend them, then he is open to renegotiate.

We've all seen how meanings have changed. Sports figures have contracts and they renegotiate them while still under contract. I remember a day when a handshake was as good as any contract. Now, a signature on a piece of paper isn't worth the ink used.

If the Democrats can't honor an agreement, the Republicans should demand more and give less in the next agreement. They should argue to extend all of the tax cuts, remove the estate tax, extend the payroll tax decrease to two years and get a 10% decrease in spending across the board. I would also add a repeal of Obamacare to the bill. They might as well go for everything because the Democrats can't honor agreements.

If the Democrats can't accept that, let them go home for Christmas and come back after the holidays. The Republicans can then come back with the majority in the House and a larger minority in the Senate and pass their own plan, and make that plan retroactive to January 1.

The Republicans have something more powerful on their side that Obama and the Democrats don't have. The American people behind them.

You're welcome to comment.


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