Wednesday, December 01, 2010

Elections have Results, Bush Tax Cuts vs. President Obama

The New York Times: Reports that the all Republican Senators have informed their Democratic Counterparts that the extension of the Bush 43 tax cuts come first, no movement on that then the US Senate is stalled. As President Obama stated elections have consequences, thus the Republican takeover of the House and the cutting of the Democrats majority in the US Senate means there a new ballgame on the Hill. The Republicans in the House in the new year can veto any Democratic Bill, Obama will have sell his base down the river if he wants a second term in 2012. Over the next two years the US will see if Obama is another Bill Clinton after his Mid Term losses in 1994 or another Jimmy Carter, at the moment Obama looks like a charismatic brother of Jimmy Carter.

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