There's a lot in this post. Short highlight clips plus video of the complete press conference, and multiple links on the growing backlash against the Obama tax bill as it heads to the House.
My thoughts on the tax cut bill are here...
I would have no objection to the 2-year extension had it been paid for - balanced by commensurate cuts in federal spending. The Pentagon would be a good place to start. But there were no spending cuts. Congress couldn't find the courage. So the tax cuts should have been allowed to expire.
The 2-year increase to the deficit because of the extension will be approximately $700 billion, about the price of TARP. The easy fix, that won't hurt anyone but the military, is to cut the Defense budget by 50% over the next 5 years.
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Now onto the Bill Clinton show...
Funny mash-up - Runs 1 minute
"Tough" off-prompter questioning and Michelle's incessant party demands cause Obama to surrender the Presidency to Bill Clinton.
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Video - Clinton says Dems should support tax deal - Runs 1 minute
December 10, 2010 -- Bill Clinton joined President Obama at a press conference where he urged the Democrats in Congress to cooperate to extend tax cuts, saying "I believe this will be a significant net plus for the country."
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Good summary clip - Runs 2 minutes
The 15 Senators who had the guts to say 'NO' to bankrupting America...
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The complete press conference - Runs 30 minutes
Watch the first 30 seconds so you can see how Obama strolls onto the stage, and then Obama's departure starting at 10:45.
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Recent updates on the Obama tax bill...
"The sand is shifting under this very fast," said Craig Shirley, a Washington consultant who advises the Tea Party Patriots among other groups. "If it doesn't get voted on soon, it could get voted down."
http://www.huffingtonpost.com/2010/12/14/tax-bill-now-its-the-tea-_n_796849.html
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Mitt Romney disses tax deal
http://news.bostonherald.com/business/general/view/20101215mitt_rom
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Will the Tea Party Punish GOP for the Tax-Cut Deal?
"The GOP is going to pay dearly," says Colleen Conley, president of the Rhode Island Tea Party, "for so quickly forgetting that the people want deficit reduction and limited government."
http://www.time.com/time/politics/article/0,8599,2036857,00.html#ixzz
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Kill The Deal
Some in the GOP are arguing that they will have time to make up for this sin or for what is at best a hand badly played. But as Mark Meckler of TeaPartyPatriots.org said on my radio show yesterday, the voters never forgot or forgave TARP, and unlike TARP, there is no financial crisis driving the rush to vote for this deal.
http://townhall.com/columnists/HughHewitt/2010/12/09/kill_the_deal/page/full/
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Tea Party Patriots compares tax deal to TARP, warns of ‘House cleaning’
http://www.americanindependent.com/161367/tea-party-patriots-compares-tax-deal-to-tarp-warns-of-house-cleaning
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Say NO to the Obama Tax Compromise! - Sign The Petition
http://www.notaxcompromise.com/
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« Deficit Giveaways Turn Obama GOP Tax Cut Bill Into 'Christmas Tree' - CBO Estimates $858 Billion Cost For JUST Two Years »
http://dailybail.com/home/deficit-giveaways-turn-obama-gop-tax-cut-bill-into-christmas.html
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« Bernie Sanders On Tavis Smiley - Bush Tax Cuts »
http://dailybail.com/home/bernie-sanders-on-tavis-smiley-bush-tax-cuts.html
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And finally...
The 15 Senators who had the guts to say 'NO' to bankrupting America...
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