Quantcast

Comments about ‘President Obama pressing business and labor on fiscal cliff’

Return to article »

Published: Wednesday, Nov. 14 2012 1:01 p.m. MST

Comments
  • Oldest first
  • Newest first
  • Most recommended
worf
Mcallen, TX

The rich don't have enough money to fix the debt. The debt, is more then all the combined money of our country. Half a million dollars for each second in a year.

We need the rich to supply businesses, and jobs. This would increase revenue for citizens, and government, not by increasing the debt.

Counter Intelligence
Salt Lake City, UT

by all means, if we are headed for a cliff - put your foot on the gas

Tekakaromatagi
Dammam, Saudi Arabia

What are the unions in this for? Their job is to represent their workers to the company management. Don't give them political power or we will end up like France where the unions are dictating the budget and government policy and going on strike if the government doesn't do what they want.

md
Cache, UT

"President Obama pressing business and labor on fiscal cliff"

Should read: President Obama PUSHING business off the fiscal cliff.

This man should not run a local library, let alone our country. 50% of America shares the blame for re-electing the worst president in history.

atl134
Salt Lake City, UT

@md
"50% of America shares the blame for re-electing the worst president in history."

Yeah, but I wasn't old enough to be among those who voted for Bush in 04. Kidding, obviously Buchanan was the worst president in history.

VST
Bountiful, UT

So the President said, "…he was not going to bend on letting tax cuts expire for top wage earners, according to a participant in the meeting…"

What is sad is this President is so willing to draw a line in the sand (absolutely not compromise) over this one issue that would produce only $85 billion each year for the next ten years.

The federal government spends that much in just under NINE DAYS.

To me, that is the equivalent of stumbling over dollars to just pick up dimes.

lket
Bluffdale, UT

the top 1% made record profits from the wars and government spending and should pay more taxes. the wars brought higher oil and power costs and ex pres bush made money his vice president stock in hallburton, and many other companies got paid with no bids at all. in iraq 1 billion dollars was missplaced and never found and none of the war was put in the budget at all. that is the deficit. right now utah has 10th to the highest oil costs and almost noe of the fuel here is imported. ask yourself why.

PGVikingDad
Pleasant Grove, UT

Stop calling it "revenues!" Quit playing their semantics shell game. The government doesn't earn a penny from its citizens. "Revenues" is DC-speak for TAXES! $1,600,000,000,000 in new TAXES is going to save the economy?! WHAT?! How does the patient get healthier by giving blood?

Wonder
Provo, UT

NO ONE is proposing that this tax increase is the only thing that needs to be done to fix the debt. Again, NO ONE. Not Obama. Not his supporters. No one. Not one person thinks that raising these taxes is all it will take to get rid of the debt. But without raising taxes, there are going to have to be a whole lotta cuts made that will really, really hurt the economy. A BALANCED approach is what Obama is arguing for. Some tax increases on the wealthy and some cuts. I cannot figure out why the far right keeps arguing that these tax increases won't solve the debt. Yeah, duh. Everyone knows that, including Obama. Get a new argument.

Counter Intelligence
Salt Lake City, UT

@Wonder

"I cannot figure out why the far right keeps arguing that these tax increases won't solve the debt. Yeah, duh. Everyone knows that, including Obama. Get a new argument."

Because the government NEVER has enough money and a tax increase will not solve the debt because confiscating ALL of the money of the top earners will not cover the debt and because increasing taxes can result in DECREASED government revenue when there is less money to invest in the private sector.

Obama has never been as clear, passionate or open about his proposed cuts as he has been about his tax-the-rich/class warfare - which you just acknowledged will not cure the debt. Labeling anyone who notices as being "far right" says more about you than it does them.

(BTW: Will you give another lecture about civility now? I need a good laugh)

patriot
Cedar Hills, UT

It sure is comforting having Barack in charge at this moment - I mean the man really understands economics and he would never allow this fiscal cliff thing to actually happen... would he?? Just take a look at all the budgets the man has passed ... ok never mind the budget thing but look at the leadership during crisis like Libya..ok maybe not but I am guessing he has learned so much from being on The View and Letterman that he now has everything figured out for sure. Why are my hands sweating???

David
Centerville, UT

Elimination of 100% of discretionary spending (defense, education, roads, etc, etc, etc) and paying only for medicaid, medicare and social security, will still leave our country in debt...an unbalance budget.

Raising taxes to any level will not solve the imbalanced budgets. You can tax 100% of every American, every business, take all the wealth and still not solve the budget and debt issues beyond a year.

The problem remains a spending issue. The federal government as embodied in the President and the Congress (who write & sign laws) spends too much. Many Americans do not believe that by raising taxes the government will reduce spending.

First cut spending to prove resolve.

Again, the government cannot tax and raise enough revenue to solve the budget problem. Spending must be cut. Raising taxes will only hurt business and its employees.

worf
Mcallen, TX

Why would anyone go to college, and become successful, if Obama takes your money and give it away?

lost in DC
West Jordan, UT

Can ANY of our liberal friends explain why the stock market has reacted so positively to BO's re-election? We saw how much comfort the markets took from his speech as they continued to tank. Why invest when your net return will diminish?

BO says he will tax business. With more paid in taxes, there is less to pay in dividends. Then the dividends will be taxed at a higher rate. Less income for dividends and more taxes on those dividends is a double whammy for the investor. Why invest here when you get clobbered like that? Foreign stocks look better and better. Capital will flee this country like never before and domestic firms will fall further and further behind competitively. When capital flees, jobs are not far behind them.

With more jobs gone, less employment and less in taxes paid. It's a lose-lose.

But that's OK, because BO will have won his class war, and we ALL will be poor (except the liberal ruling elite), just like in Orwell's Animal Farm. (I just wonder who they will teach to chant "four legs good, two legs better!)

3grandslams
Iowa City, IA

What? Obama now wants the top 2% to pay higher taxes. What happened to the 99%, somebody just got ripped off. By next week will it be the top 10%.

Voting for Obama will be for me the most hilarious vote ever cast by Americans. It is incredible that most of the nation can't see through this guy.

One more time, taxing the rich doesn't hurt the rich, it hurts the people who work for the rich. You can demonize the wealthy all you want, but they represent what has always been termed, "The American Dream."

spring street
SALT LAKE CITY, UT

@CI
You do realize that everyone can read wonders comment right? Wonder very clearly states that there needs to be a balanced approach of raising taxes AND cutting spending. Something every right wing poster on this thread willfully ignores.

@lost

right because they are clearly reacting to Obama's reelection and not the European economic crisis that is being reported right? Do you have even one once of actual evidence (not more political hyperbole) to support that the stock market drop has had anything to do with Obama being elected?

spring street
SALT LAKE CITY, UT

from the article people "Asked if he viewed it as a deal-breaker if Republicans refused to allow the top tax rate to revert to 39.6 percent from the current 35 percent, he said, 'I just want to emphasize I am open to new ideas if the Republican counterparts or some Democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit.'"

Sounds to me like it is not Obama that is refusing to compromise.

lost in DC
West Jordan, UT

Spring Street,
you mean the European crisis was not on-going while our election process was unfolding? the market was fairly stable and actually showing some gains DESPITE the European crisis pre-election. only AFTER the election did the markets start to tank. The European crisis is the excuse MSNBC and the rest of the BO-backing media are playing to try and distract attention from the BO-election caused market drop.

his indirect answer to the direct question that you quote is what an interviewer or interrogator would call "bad behavior" - something said to avoid saying what you know will get you in trouble. When push comes to shove, he will ONLY agree to ANYTHING if it makes him look good, regardless of the effect on the economy.

He says he doesn't want the middle class hurt? He should not have run for re-election, because his policies normalizing 8% unemployment have a larger impact on the middle class than anyone else.

Tolstoy
salt lake, UT

@CI
so the new is reporting that it is due to the European crisis and you are claiming it is not. where is your evidence to prove them wrong. Conspiracy theories and baseless claims do not equate to evidence.

As far as his statement once again it is nice that you are so able to see into the future but sad that you cannot even acknowledge that he has at least made some jester to the GOP and so far the GOP has done nothing to show they have any willingness to try. .

lost in DC
West Jordan, UT

Tolstoy,
a "jester" is a fool or someone who jests, as in "the court jester". Did you mean gesture?

And his gesture had too many strings attached to be sincere. I think it was nothing more than a jest, so I guess you were correct in the first place.

When you say the GOP has done nothing to show a willingness to try it tells me you watch nothing but MSNBC, because Boehner HAS made plenty of gestures toward BO, and MNSBC would tell you nothing concerning that.

As for the Eurpean Crisis, a brief view of the history of the DOW shows from August 27 to September 5 (while the European crisis was ongoing) it ranged from 13,125 to 13,112 - basically flat. Since then it has fallen to 12,550 - about a 500 point drop. the S&P has done the same, from a range of 1410 to 1417 8/27-11/5, but then a drop to 1354 post election.

BO apologists can delude themselves about the European crisis, but the numbers from the markets as quoted above show the US equity markets were bearing the news from Europe well, but not so the election results

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments