The President gave a speech today with some strong invective regarding his stance on renewing Bush-era tax cuts in 2012. IE: NO FUCKING WAY IN HELL.
"In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. And I refuse to renew them again."
Chris Bowers made an excellent point over at the DailyKos: He had to renew them this year in order to maintain the middle-class tax cuts. If he can't get the votes to renew the middle-class cuts, will he still make the rich pay their due?
"As such, during a blogger call with David Plouffe this afternoon, I wanted to know what President Obama would do if once again he could not find the votes to extend the middle-class tax cuts without also extending the cuts for the wealthy. So I asked Plouffe if President Obama would allow all of the Bush tax cuts to expire, including those for the middle-class, if that was his only option to avoid renewing the tax cuts for the wealthy?
"In response, Plouffe said 'he's not going to renew those tax cuts.'"
It's nice to see Barry O's balls sink lower and lower. We'll see if he makes good on his promises to heal our economy.