That dog don't hunt

[Roy Rolling]

There is no logic to the dog and pony show to sell progressives on the (bad) tax bill. First, the $900 billion added to the deficit is glossed over because Obama says that he's added some pork of his own to entice Democrats and balance the atrocity. But even worse: the other reason being floated is that tax cuts are so bad, in two years Democrats will win the election because people will see that tax cuts don't create jobs and thus vote for Democrats.

Are you kidding me? It's been 9 years and counting of Bush tax cuts yet the deficit has soared and unemployment is the highest it's ever been since the Great Depression. Furthermore, fewer jobs were created from 2000-2010 than any time in recent history---those are the facts and numbers. So what happened in November? Republicans swept the elections. If people ignored the fact that tax cuts for the wealthy harmed the economy and job market for the last nine years, why do the geniuses in the White House now believe in 2012 they will suddenly care? That logic didn't win for Democrats on November 2, 2010 and it won't work in two years either.

[stray cat]

1. The best choice may be to let both tax breaks including the AMT, unemployment to expire

[Roy Rolling]

2. It's the only way

I'm ready to sacrifice by paying my fair share---why can't the top tax brackets sacrifice for their country, too?

[no_hypocrisy]

3. Theory is business needs to have stability in order to make investments.

It may not be the first choice to let all tax cuts expire, etc., but it would offer stability (as opposed to volatility). There may initially be lesser profits but it would build. The deficit coming down can only help the economy.

[Bonhomme Richard]

4. I don't buy the stability crap relating to taxes. That's a framing ploy.

Investment happens because people see an avenue to make money. There are basically 3 options to invest being:
Manufacturing, where growth occurs due to demand of which there ain't any
Real Estate and we all know where that is going, and
Money playing with money. I was once told that if you want to make money you have to work in money. The investing that is going on is happening in that realm. This means that the money stays in that realm.
Decreasing taxes only means giving them more money to play with in their sandbox and in the meantime we are on the hook for the debt.

[OHdem10]

5. Elections have consequences. Obama was put in the position

doing the best deal he could do. Just think how
the bill would look if the Republican House designed
it after Jan l.

[Roy Rolling]

7. How would it look?

I would hope after January 1 and the Republican House crafts an even worse bill it would look like this: "VETO" written all over it. Then, the Republicans would need an even bigger margin to pass it.

[kentuck]

6. When there is more money to be made investing in the market....

..than in creating new jobs, more businesses will continue to focus on their stock prices.

That needs to be changed.

[Roy Rolling]

8. So true...

That is because investors can now chase the best returns. If they get a higher return from a foreign company that has lower costs because they use prison or child labor in their dictatorship, then they will invest there. A level playing field is needed.

[bvar22]

9. Exactly!!! K&R

The insanity is bubbling over.

"Lets BORROW more Billions and send the bill to our CHILDREN!
Whats GOOD for the RICH is Good for America!!!!"

[Individualist]

10. Hear, hear!!