"We need to begin by extending tax cuts for middle class families so that you have more money in your paychecks next year. If you’ve got more money in your paychecks you’re more likely to spend it and that means that small businesses, and medium sized business, and large businesses will have more customers. That means that they’ll be in a better position to hire."
First of all, if you extend the tax cuts, people will not have more money in their paychecks, they will have the same amount of money. And if they are not spending it this year, why are they going to spend it next year?
In any case, the extension would not affect next year, because the tax cuts don’t expire until the end of next year, so the extension that he is talking about would not mean “more money in their paychecks” until 2013 anyway and, as already stated, it will not mean increasing the paycheck, it will mean preventing it from decreasing. In 2013, not “next year.”
Not to mention the question of why is a Democratic president standing at a podium prattling to the effect of, “tax cuts create jobs.” That is a classic Republican talking point, and it has been proven repeatedly to be bogus.
I would feel better about Obama if he caved on these deals and then admitted that, “Yes, this deal stinks, but it was the best I could do.” Poll after poll indicates that the public recognizes that he is the adult dealing with idiots. I guess he thinks that admitting he was forced to accept a bad deal would make him look weak. Well, I’ll tell you what makes you look weak; adopting the rhetoric of the guys who just kicked your ass. That makes you look both stupid and weak.