I keep hearing all these talk show hosts AND Democratic members of congress totalling dissing Obama for "selling out" to the Republicans, when he "caved in" to Republicans by allowing Bush's tax benefits for the wealthy to continue in exchange for extending unemployment benefits. Am I confused....haven't the Republicans made it VERY CLEAR that they will not cooperate with anything Obama's proposes? That their stated goal is for a one term president, and they have demonstrated that they do not care a whit if the country remains dead in the water, as long as Obama is not allowed to pass a single law.
Except when it comes to tax cuts for the wealthy. I gather that is kind of the sacred cow for all Republicans. And, finally, Obama discovered the silver bullet. Allow Bush's tax cuts for the wealthy to continue, and they will allow Obama -- maybe -- to extend benefits for the unemployed. And, yes -- from the perspective of the short term benefit of our national debt -- it seems absolutely absurd. How can we possibly take on more spending (in terms of unemployment benefits) unless the gov't increases revenue?
BUT...if you stop to think about the alternative...without unemployment, those who are unemployed (now hovering close to 10%, higher in many states) without benefits, will definitely lose their homes, possibly become homeless, won't be able to feed their families....and the already bad housing industry will tumble even further. So, to me, it makes perfect sense for Obama to make the deal with the Republicans, if only to keep the unemployed (increasingly "infecting" middle class white men, as per the new movie "Company Men") housed and fed.
If he was willing to sacrifice the fate of the unemployed for "Democratic ideals"....well, where's THAT at? Who's THAT going to hurt? Not the wealthy. Not the Republicans. And it's not going to score any points for the Democrats, either....because it's going to hurt people who have lost their jobs, who will vote against anyone who threatens their welfare, and the welfare of their families).
NOW HERE's A NOVEL IDEA!!!....all these wealthy billionaires who are promising to give 1/2 their fortunes to charity...how about using that money to "sponsor" some unemployed people? Sort of like sponsoring a poor child overseas. The Federal Government could allow such donors to select a substantial group of the unemployed, and pay their benefits. (Better yet would be to offer them a JOB!!!) Hey, it's the HOLIDAY SEASON....time to watch "It's a Wonderful life." But maybe it's time for us to start LIVING IT!