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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.
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.
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.
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.
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.