Deficit Deal Passes House - On Way To President Betrayedus

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Tax Deal Not a Stimulus Package
...insisted that the tax-cut deal between Republicans and the White House isn't a second stimulus and that the agreement would promote growth despite adding to the deficit.

Can you guess who the above statement is attributed to?
Hint: It belongs to a congressman who also insists tax cuts grows federal revenue. Click here to find out.

Once you understand that stimulus applies only to the working poor and middle-class, it'll be easier to realize that the growth he is referring to is for the wealth of rich people. But ...if tax cuts counter-intuitively grow federal revenue, how could the deal add to the deficit?
Hypocrisy squared to the power of ten.

Politco Excerpt:
In the end, the House vote wasn't close, with 139 Democrats joining 138 Republicans to approve the bill. The Senate passed the bill comfortably as well Wednesday, 81 to 19. The bill represented a major shift for Obama, as he abandoned an oft-repeated campaign promise that he would end the policy of cutting taxes for the wealthy.

Tea Party, Paul Ryan Win Big with Obama Tax Cut Deal

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Right-wing hammer head, Charles Krauthammer, thinks President Obama pulled off the swindle of the year against Republicans for striking a tax cut deal that will serve as a massive stimulus that Obama would have never achieved otherwise under the new GOP house majority.

NY Times Excerpt:
It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?

Seriously, borrowing a trillion dollars from China just to tweak up economic indicators is a victory for Obama? Granted, the Republicans will now have some skin in the economy but this is clearly a messaging gamble on both sides. If the economy picks up substantially, Republicans will say trickle-down still works - if the economy remains relatively flat or nosedives - they'll say Obama's Keynesian economics is a disaster. But no matter what direction the economy takes if this tax cut package is enacted, nobody will take their eyes off off of the big elephant in the room - the exploding national debt. Krauthammer ignores that reality and even implies the Obama tax cut deal makes a mockery of the Tea party's debt-averse persona.

NY Times Excerpt:
Obama is no fool. While getting Republicans to boost his own reelection chances, he gets them to make a mockery of their new found, second-chance, post-Bush, Tea-Party, this-time-we're-serious persona of debt-averse fiscal responsibility.

Utter nonsense. Obama's tax cut deal almost but not quite satisfies the Tea Party's "taxed enough already" mantra. They would actually want more and deeper tax cuts. Just ask them - ask Paul Ryan if he would like to see even deeper tax cuts. Remember rule number one of Tea Party economics: tax cuts don't create deficits, spending does. Obama's tax cuts will give the new House budget writing director, Rep. Paul Ryan, added impetus to serve up a platter of massive domestic spending cuts that will of course include Medicare and Social Security. This despite Ryan's counter-intuitive expectations he reasoned to support the original Bush tax cuts nearly seven years ago - his expectation that tax cuts will actually bring in more revenue. It won't apply this time.

Enjoy those tax cuts while you have them, working poor and middle-class, because you're in for a major ass-whupping later from the hands of Tea Party republicans such as Paul Ryan. Mark my words.

GOP's 2010 Strategy: Fear. This is News?

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Salon Excerpt:
The Republicans' strategy for motivating their base this year -- is fear. Fear of President Obama, fear of change, fear of some giant socialist revolution, of death panels, of government bureaucrats and liberals and anything else that might pop up. Still, you wouldn't expect the Republican National Committee to come right out and admit to that.

Same old Republican Rovian tactics. Make baseless statements often, spin into fear and divide the load. Rinse. Repeat often. And what are Democrats doing...still trying to negotiate with the irrational.