President Obama vowed not to raise taxes on the middle class - those earning less than $250,000 per year - but he didn't vow to do the same for the wealthiest Americans. Obama wanted the tax cuts put into place by President Bush to expire for the wealthiest Americans.
However, the GOP and the Democratic government were at a stalemate. Would they increase taxes on the wealthy, and use that money to pay for the unemployment extension?
Such would make sense, but that's not going to happen.
And could actually bending on the tax cuts hurt Obama? After all, it's yet another broken campaign promise. However, if it was the only way to pass the unemployment extension, that's great news.
After all, the unemployment extension 2010 will extend the benefits for a full year! This means there's not going to be a need to worry a couple of months from now. Hopefully next year at this time, the job market will be better.