General Discussion
In reply to the discussion: 100 Reasons Why President Obama Is NOT The Same As President Bush [View all]hfojvt
(37,573 posts)Which President held the trump card? The trump card being - all of the Bush tax cuts would automatically expire.
Instead of fighting at that time, President Obama kicked the can down the road. And he made a speech where he said "I know some people want me to fight." (he called it a "political" fight like income inequality isn't a real world problem, fighting about that is just "politics".)
Some people wanted him to fight for the bottom 80% at least as hard as Republicans were fighting for the top 1%. But he wouldn't do it. Instead, he gave in to Republicans signed a really bad bill and promised "next time I will fight".
But he also painted his bad bill, his surrender at the time, as a victory and some members even of the supposed left were willing to help him do so - Ezra Klein and David Corn, to name just two).
And this next time, we got another bad bill, another bad compromise, A compromise where our side (or Obama's side) gave up 85% and where Republicans only gave up 15%.
And some still want to call that a victory, as a positive thing, that a $3.7 trillion tax cut with $1.3 trillion going to the top 5% is a "tax increase on the rich".