Obama Caves on Bush Tax Cuts
Obama Caves on Bush Tax Cuts
By Ari Berman / thenation.com
Dec 7, 2010

barrack obama george bush 1 President Barack Obama & George Bush Face Morph. Woah.

During the 2008 presidential campaign, Barack Obama said over and over that he was running to "put an end to the Bush-McCain philosophy." Campaigning in Colorado just days before the election, Obama clearly stated his opposition to Bush-era economic policies and ridiculed the idea that "we should give more and more to millionaires and billionaires and hope that it trickles down on everybody else. It's a philosophy that gives tax breaks to wealthy CEOs and to corporations that ship jobs overseas while hundreds of thousands of jobs are disappearing here at home."

Now Obama, in a blatant reversal, is preparing to do just that, agreeing to extend the Bush tax cuts for the wealthy, which my colleague Chris Hayes accurately calls the "single defining domestic policy of W."

In 2008, Obama presented himself as a clean break from the Bush and Clinton dynasties and a fresh face for the nation and the world. Yet once in office he packed his White House with holdovers from the Bush and Clinton administrations and continued or even accelerated key Bush-era policies, whether in the realm of counterterrorism, Afghanistan or offshore drilling. The latest "compromise" on the Bush tax cuts, extending the upper-income tax cuts for two years in exchange for the continuation of unemployment benefits, is simply the latest in a series of capitulations from the Obama White House.

4.0 ·
1
Trending Today
87 Deeply Subversive Documentaries That Challenge the Status Quo
Films For Action3,119 views today ·
How Seattle Voted to Tax the Rich
Adam Ziemkowski and Rebekah Liebermann2,352 views today ·
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley1,568 views today ·
What Makes Call-Out Culture So Toxic
Asam Ahmad1,126 views today ·
War, Profiteering Push Over 2 Billion to Lack Safe Drinking Water
Whitney Webb1,092 views today ·
Joanna Macy on How to Prepare Internally for WHATEVER Comes Next
Joanna Macy885 views today ·
On the Wildness of Children: The Revolution Will Not Take Place In The Classroom
Carol Black745 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick542 views today ·
How Modern Imperialism Creates Famine Around the World
Eric Draitser531 views today ·
Load More
Related
The Invisible Nation (2007)
93 min
Plutocracy: Political Repression In The U.S.A. (2015-2017)
330 min
Love, Reality, and the Time of Transition
77 min
Join us on Facebook
Obama Caves on Bush Tax Cuts