December 7th, 2010
02:34 PM ET
4 years ago

Henry in the House: Tax deal amounts to second stimulus

Editor's note: Ed Henry has covered the White House for CNN since March 2006. In "Henry in the House," he offers an insider's view of the Obama White House.

Washington (CNN) - The metaphorical ink is still barely dry on the long, flowery press release President Obama sent out last Friday reacting to the drastic budget cuts proposed by the National Commission on Fiscal Responsibility and Reform that he appointed.

"Jobs and growth are our most urgent need," the President said Friday. "But if we want an America that can compete for the jobs of tomorrow, we simply cannot allow our nation to be dragged down by our debt. We must correct our fiscal course."
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Filed under: President Obama • Tax deal
soundoff (9 Responses)
  1. Big E

    I do not want to hear any crying about the tax issue.. Now everyone see how the Rep's are, they were going to hold up the unemployment benefits and tax breaks for the middle class during Xmas to make sure the Rich got the tax break. They are who we thought they were......Great job.....

    December 7, 2010 02:42 pm at 2:42 pm |
  2. T'sah from Virginia

    "We must correct our fiscal course." Says President Obama!!

    To him, however, this is another STIMULUS – when the FIRST ONE was not enough!! To the RepubliCAN'Ts, it DANGEROUS because they just added another 1/2 Trillion to the Deficit!!!!!

    December 7, 2010 02:45 pm at 2:45 pm |
  3. stufit

    This is really what should have been done instead of giving the first stimulus to the corrupt unions and left wing nut jobs. This could actually be considered the first stimulus, since the earlier one was nothing but a corrupt payback to all of the corrupt organizations and individuals that stole the 2008 election for Obozo. Even GE got money, is it anywonder that Obama caused a tingle in Chris Mattews leg?

    December 7, 2010 02:49 pm at 2:49 pm |
  4. sonny chapman

    The Payroll Reduction is a belated poetic justice in this whole deal. There NEVER was a budget surplus in 2000 if you took out the Social Security revenues back then. George W. Bush used "fuzzy math" to proclaim a surplus & give tax breaks to the wealthy. W. also said we needed "this" tax relief to stimulate the economy. That didn't work out because the Bush Economy never came close to the Clinton Economy as far as creating jobs & increasing the value of EVERYBODY"S retirement accts.

    December 7, 2010 03:12 pm at 3:12 pm |
  5. vic nashville tn

    I wish Hillary Clinton challenge Obama in 2012

    December 7, 2010 03:37 pm at 3:37 pm |
  6. anthony

    So, are Republicans against a second stimulus, or are the tax cuts to people who make over $250,000 so important that Republicans will just let it slide?

    December 7, 2010 03:38 pm at 3:38 pm |
  7. Peter s

    The most tough decision few Visionary leaders can make! and this time Obama nailed it!.

    December 7, 2010 03:39 pm at 3:39 pm |
  8. resolaru

    stufit,

    too bad there is zero data to back up any of your statements. there is no evidence that the tax cuts under george bush and now obama created anything but a bigger deficit. you also apparently do not realize that 1/3 rd of the original stimulus was in the form of tax cuts. please, before you post, understand what in the world you are talking about. you are embarrasing yourself and its kind of tough to look at.

    December 7, 2010 03:47 pm at 3:47 pm |
  9. concerned liberal

    Second stimulus? Visionary leader? Obama promised repeatedly to let the tax breaks expire. I heard him. Now he has broken that promise. Lets' call him what he is: the Status Quo.

    December 7, 2010 04:02 pm at 4:02 pm |