Two Deals and Three “Real”
Thursday, December 9th, 2010In the end of 2010, there were two deals were set : extend tax-cut and extend unemployment insurance. Republican insisted that Bush-era tax cuts should extend to all the families but not just to the families that making less than $250,000. It means that people who make two million dollars and twenty thousand dollars annual income will pay about the same tax rate in the next two years. Republican’s deal make U.S government lose 900 billion dollars tax income. Obama accepted that because he wanted to extent unemployment insurance for another 13 months. That is how he fighting for the poor people. These two deals decrease income and increase expenses for the government. People who made the decisions don’t damp care about their budget will be run out. We have 15 million people in unemployment. If each of them get $1,000 jobless aid all together will be 15 billion dollars a months. Thirteen monthes will be 195 billion dollars. For giving out 195 billion dollars jobless aid to poor people Obama give up 900 billion dollars tax income.
In an interview with NPR, Obama believee his tax deal will pass. He said because ” Nobody — Democrat or Replican — wants to see people’s paychecks smaller on Jan.” It is shame that all he care is give people big checks and he doesn’t care where is the money from.
In another news conference, Obama descriped his deals in this way: “This is real money for real people that will make real difference in the lives of the folks who sent us here.” It is good that he still remembers how people worked hard to send him there. He thought he met people’s expectation because he did some real things by setting up these two deals. The three “real” make his speech becomes a real empty talk.
Beside spending money Obama made no change in the last two years. This time if he tried to make people work instead of extending unemployment insurance he did not have to extend tax cut. He didn’t do even a bit to save the 900 billion dollars tax income for the government. He just wants to hand out checks without being bothered. Thing he did is every idiot can do in his position. Even his party — Democrats felt despond for what he did.
It is said that the S&P 500 briefly hit a two year high as investors cheered the tax cut deal. Of course rich people were cheer because they didn’t expect that Obama would give them tax-cut not just Bush. They didn’t expect that Obama giving up 900 billion dollar tax fund that easily for he was fail to arranging employment people to work. He even did not try. Government running out of budget is not what they care. When this country is poor those rich people have money. They show their wealth in the market. Obama must believe that stock market went up means that economic is getting better. A better economic situation will bring jobs back and that proofs the sucessful of his economic policies.
Ten years ago the Chinese economists have already noticed that economic index increasing didn’t mean that jobs would be increased. Obama is still making dream here. He believes people have money in the market means jobs are back to the market.

