HOPE

"What oxygen is to the lung, such is hope for the meaning of life."

Saturday, December 11, 2010

Clinton to the rescue?

“[Reason is] a free activity of the mind, reaching conclusions under no compulsion save that of evidence!”

The American people voted the Republicans into controlling the House of Representatives come January 2011. In addition, they increased the number of Republican Senators thus making it much more difficult for President Obama to accomplish anything that is vitally needed, that would inure to the benefit of the large amount of Americans that are presently living in misery.

President Obama like former President Clinton and others are fully cognizant of this fact, hence the reason why they seek a compromise with the Republicans on the extension of the Bush Tax Cuts for another two years. If the Democrats in the House and Senate does not back the President and allow the Tax Cuts to expire on December 31, 2010, then everyone taxes would be increased as of January 2011. In this compromise bill unemployment would be extended for another thirteen (13) months and there are other benefits that would aid our struggling economy and keep us on the road to recovery.

For those that are promulgating “no compromise” they should tell that to the fourteen million people that are out of work; to the people whose unemployment benefits have expired and they still haven’t been able to find work, and the tens of millions that are hurting financially.

Sheriff G Ali

“From NBC's Athena Jones: With the fate of a tax deal reached with Republicans still uncertain, President Obama brought out one of his party's biggest guns to help drum up support for the agreement: former President Bill Clinton.

The current president called on his predecessor in part to help convince angry Democrats -- especially in the House of Representatives -- to pull together to vote for a bill he believes will help spur economic growth and job creation and without which the economic recovery could falter.

"I thought, given the fact that he presided over as good an economy as we've seen in our lifetimes, that it might be useful for him to share some of his thoughts," Obama said in introducing. Clinton.

Clinton's surprise appearance in the White House briefing room after a closed door meeting with the president was the latest salvo in a massive, week-long, multimedia blitz by the White House urging passage of the bill.

Officials have used television interviews, the Internet, speeches, and phone calls to press the plan.

"The agreement, taken as a whole, is I believe the best bipartisan agreement we can reach to help the largest number of Americans and to maximize the chances that the economic recovery will accelerate and create more jobs and to minimize chances that it will slip back," Clinton said, later adding that if he were in office right now, he would do what Obama has done.

Under the plan -- which has angered many Democrats, especially in the House -- the Bush-era tax rates would be extended for two years for people at all income levels and unemployment insurance would be extended for 13 months. The deal includes a one-year 2 percent reduction in payroll taxes, an extension of certain tax credits for working families and students and other tax incentives to support business expansion.”

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