1/25/12

State of Union Speech 2012: President Obama's Support for Extended Tax Cuts for the Rich in Dec.2010 Was Unfair to the Poor

President Obama's state of the union speech attacked the under-taxed status of the rich in the nation. Of course President Obama is directly responsible for the present low, low tax rates of the Bush II era that he supported vigorously for renewal in December 2010. If re-elected he probably would assure that the tax cuts become permanent as a sort of woosification of the Democratic political agenda.

President Obama presented the seat of honor to billionaire Warren Buffet's secretary. Maybe she knows that the tax cuts will expire again this later this year if the President does not again intervene to extend them. Probably the Republicans will mercilessly lever the President and force him to forego extended Hawaiian vacations and large entourage unless he capitulates.

President Obama is fundamentally a weak moderate Republican chasing after the receeding to the right Republicans trying to meet them halfway. Sure he insinuated homosexuality into the military and New York to match up New England's policies on that, yet of course the corporate world supported that policy so it cannot be said that it was a Democratic plank.

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