Bloomberg Loves Obama's Tax Compromise With GOP

From a May visit

While President Obama is catching hell from his own party for his compromise with the GOP to extend the Bush tax cuts, there's one person who is happy: Independent billionaire Michael Bloomberg. The Mayor discussed the deal yesterday, and managed to tout his leadership (natch) and slam Albany (double natch). "I was very pleased to see the president and the Congress come together. It is exactly - number one, it’s exactly that kind of coming together that we need in Washington, and we need it in Albany as well incidentally. We have it, I think, pretty much in New York City."

He continued, "I think it was a good compromise. What democracy is about is coming together where not everybody gets everything they want. In fact, maybe nobody gets everything they want, but you minimize the damage to the outliers, and most people get enough that they can walk away satisfied, if not ecstatic. I think extending the tax cuts - what are called the Bush-era tax cuts - and reforming the alternative minimum tax, those things were good because you don’t want to discourage anybody from starting a business. Our economy’s revival is very fragile." (Keep in mind, the tax cuts are adding $900 billion to the already fragile federal deficit.)

Bloomberg mentioned that he would be discussing job creation during a speech scheduled at the Brooklyn Navy Yard today, but the Daily News says there's another motive: "The speech gives Bloomberg another national platform as he lays the groundwork for a potential presidential run in 2012."

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By Jen Chung in News on December 8, 2010 9:16 AM

Comments [rss]

JacqueMehoff

I changed my mind, I'm not giving up. I can hold out for 3 more years.
bloombag is 68, he'll be 70 in 2012. A lot can happen to a 68 year old in those 2 years, so keep on with your presidential aspirations, I'll be here to do all I can to make sure you lose.

glennQNYC

Since when is compromise a four-letter word? Since the Democrats started doing it?
Compromise is all we hear the Leftists say the Republicans should do!

Guest

Shhh, you're confusing the Left.

JacqueMehoff

The deal's not done yet, shortie.

jamieob256

Bloomberg Loves Obama's Tax Compromise With GOP

SHOCKING!!!

Jimbo853okg

"We have it, I think, pretty much in New York City" because Bloomie or his buddies simply buy off whomever needs buying off. At least we understand his definition of democracy.

MermaidFornicator

while you are at, why don't you extend the TWO wars we are fighting. thanks pres. bush, oops, i mean obama.

Matt Casey

These days, "compromise" is GOP doublespeak for "fits in our agenda."

GalBklyn

Bloomberg approval of tax "compromise" is another reason to oppose it.

Matt Casey

ha! We both just posted at the same time

GalBklyn

... !!

JohnnyLes

I love how not getting a tax increase is the new definition of a tax cut.

We need to cut spending

Phil

So now Bloomie you don't have to trouble us with you running for the Presidency.

Kojak

Given the fragile economy, for the short term, it makes sense. The Democrats wanted more stimulus anyway, but you can't use the term 'stimulus' or 'tax cut' in an age of austerity, so extending the current tax policy makes sense, even though it makes Obama look weak.

However, making it permanent is irresponsible, and I hope he holds out and makes sure they expire. But having them expire during an election year is not politically convenient.

unretrofiedforu

Obama has been looking weak since 2009 - just view the comments below and on other sites.

Did you happen to check out his most recent interview on 60 minutes? It depresses me to see how far he's fallen from the ideals and dreams that put him there. Maher was right; if no one will stand up for the liberal and stick to the guns all we have are lame 'rallies about nothing' and fake compromises. Progressivism is all but on life support at this point.