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White House: No Tax Cut Extension for the Rich, period. : Bill Clinton: That's wrong!

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posted on Jun, 7 2012 @ 12:51 AM
The quote attributed to Clinton is false. It's being twisted, as usual, by right-wing media.

The FULL quote is as follows:

MARIA BARTIROMO: So does that mean extending the tax cuts?

PRES. BILL CLINTON: Well, I think what it means is they will have extend– they will probably have to put everything off until early next year. That’s probably the best thing to do right now. But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people.

And I don’t think the president should do that. That’s going to– that’s what they’re fighting about. I don’t have any problem with extending all of it now, including the current spending level. They’re still pretty low, the government spending levels.

Clinton was agreeing a temporary extension might be necessary, or as he put it, "to put off everything until next year", BUT he also acknowledged that the GOP wouldn't go for that nor would they go for a temporary extension. Clinton then said that a permanent extension would be a BAD IDEA.

The Media Is Now Distorting The Words Of Obama Supporters Left And Right

In the last 24 hours, there's been a rash of glaringly bad media distortions of Obama surrogates.

It started yesterday on CNBC, when Maria Bartiromo interviewed Bill Clinton about his take on the economy and a host of other issues.

The interview got a lot of buzz, because CNBC titled the story US Already in 'Recession,' Extend Tax Cuts: Bill Clinton.

In their story they said that Clinton called for the extension of the Bush tax cuts, and that he had broken with Obama on the issue, but when we read the transcript, we couldn't see that at all.

He was very vague on what should be done at the start of 2013 (when a host of tax cuts and spending cuts are due to kick in), but he was very clear that Obama should definitely NOT cave to Republicans and extend the Bush tax cuts permanently.

Why Is The Media Manufacturing A Clinton/Obama War?

So, Clinton agreed that a temporary extension, till the end of the year, might be necessary, but, he said, Republicans wouldn’t agree to a temporary one and a permanent extension of the Bush tax cuts would be a bad idea.

This headline therefore is a grossly misleading one, that appears to have been done to purposely distort what Clinton said to create this appearance of a divide between Obama/Clinton over this issue.

posted on Jun, 7 2012 @ 08:26 AM
reply to post by Blackmarketeer

Even the democrats are admitting the truth.

President Bill Clinton is undermining the Obama campaign and it's becoming a


Charles Krauthammer has labeled President Bill Clinton a - Double Agent -.

posted on Jun, 7 2012 @ 08:32 AM

Originally posted by spyder550

Originally posted by Eurisko2012

Originally posted by TheBandit795
reply to post by GmoS719

By being productive, and creating and designing products that we actually use...

The rich also buy $1 Million homes.

- That creates jobs for the electricians, plumbers and carpenters who built the house.

It's never a good idea to attack the rich.

Right but the middle class buy 5 200,000 homes -- lets see what puts more plumbers and electricians to work 5 jobs or 1.

Okay! Now you are thinking.

It's called tricked down economics.

The millionaires who are worth about $20 Million buy a brand new house for $1 Million

as a 2nd home.

- The plumbers, electricians & carpenters build the new home and they get paid very

well to do it.

- The plumbers, electricians & carpenters save their paychecks and then buy a $200,000

home of their own.

It's a WIN - WIN solution.

posted on Jun, 8 2012 @ 06:48 PM

Originally posted by spyder550
I dont get the post -- Both Obama and Clinton want to take Bushs (hell Bush just said they were a bad idea) "temporary" tax cuts and restore them to what Clinton had when we had a surplus.

Psst! Here's a secret for you. We never had a surplus. We had some fancy bookkeeping. What the Clinton Administration did was to take all of the funds that were in seperate accounts for a designated purpose and place them in the general fund. At the end of the fiscial year there was some money left over and it was called a surplus. Now the expenses that money was supposed to cover are coming due and it isn't there, so now we are borrowing money to cover them. Kind of like raiding your kid's college fund, to put a transmission in your car. You didn't have the budget crunch at the time, but, you will later if you don't put the money back.

When the US has paid back all of it's bond holders, has covered all of it's expenses, with money left over, then we will have a surplus.

posted on Jun, 9 2012 @ 08:34 AM
reply to post by JIMC5499

The Bush Tax cuts will be extended.

Obama is once again on the wrong side of reason.

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