Archived Facts

Ralph, Nader, jobs, Jill. Stein, Cheri. Honkala, Paul, Kangas, Roseanne, Barr, Cindy Sheehan, solar, Feed-in-tariff, jobs, socialism, The Feed-in-tariff is the 9th wonder in the world. PG&E is the enemy of California. Obama and the Tax Cuts for the Wealthy:: As bad as Obama’s failing to serve the 99%, both on jobs and on healthcare, the most glaring violation of his economic campaign promises was when he broke his campaign promise to let the tax cuts for the 1% expire. This is such a flagrant violation of a campaign promise that it should have already undermined him with most of his 2008 supporters. Political spin is truly creative, though, and Obama apologists, the Obama administration, along with a complicit media have constructed a false narrative that lets Obama off the hook. The narrative in brief: Obama did his best but the Republicans forced him to break the promise. This narrative is fiction but we need to examine it in detail to see why. The public wanted the tax cuts to expire. Buffett, the billionaire investor, wanted the government to raise taxes on the rich. Dozens of America’s wealthiest taxpayers — including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry’s fame —appealed to President Obama not to extend the Bush tax cuts for anyone earning more than million a year. The opportunity for Obama to fulfill his campaign promise on taxes arose just before the elections of 2010. Republican Senators dug in
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