Could Unemployment Extension 2010 & Bush Tax Cut Compromise Hurt Obama?

Could the unemployment extension 2010 and the Bush Tax cut compromise hurt President Obama's quest to be re-elected in 2012? Although the unemployment extension will give him points with the long-term unemployed, getting the extensions passed involved breaking campaign promises.

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.

SATURDAY: Unemployment Extension 2010 Benefits Discussed Alongside Bush Tax Cuts

The 2010 unemployment extension benefits and the Bush era tax cuts are being discussed during a special Saturday session in Congress. The government is growing nearer and nearer to the end of the lame duck session, with very little accomplished. The Democrats and republicans are in a stalemate, which is rather disheartening considering that there are many things to accomplish before the new Congress convenes in January.

The Bush tax cuts expire at the end of 2010, and therefore taxes during the 2011 year will drastically increase across the board. The Democrats want to extend the cuts, but only for families above $250,000. The Republicans want ALL taxes increased, even for the wealthiest Americans.

However, the unemployment extension takes precedent - or at least it should. Consider this: couldn't Congress pass the extension, and then fund them using Bush Tax cut expirations for wealthy Americans? Of course, this is all too logical and that leads one to believe that it won't be part of a bipartisan compromise.

In the midst of the holiday season, millions of Americans are losing their unemployment benefits. This is not a good thing. Will the unemployment extension 2010 be situated by the end of the year? What about the Bush Tax Cuts?

Again: Unemployment Extension 2010, Benefits Ambiguous And Expired

Once again, the unemployment extension 2010 has expired, and continued benefits are ambiguous.  What does this mean? It means that there are millions of Americans who are going to be without their continued benefits.

This happened in May, and it was July before the benefits extension was passed.  This means that there were millions whose benefits lapsed, even though the benefits were retroactively restated.

Without swift actions, even if there are retroactive restatement of benefits there will still be numerous American families who  are left in limbo amid the holiday season.

This is troublesome, at best.

The Lame Duck session hasn't been very productive for Congress.  The Food Safety Bill was announced to be passed, only to be knocked back to the Senate for revisions.  The Bush era tax cuts are still in debate, and the Democrats and Republicans are at a stalemate on many issues. The House passed a tax bill that they knew wouldn't pass in the Senate - a move that Senate minority leader Mitch McConnell claims is pure political.

Speaker of the House elect John Boehner has also spoke out about the lame duck session, showing frustration on the right and the left.

If the government was a couple going through divorce, the rest of the country are the innocent children being negatively impacted by their decisions, living in uncertainty.

What are you going to do without the unemployment extension 2010 and benefits ambiguity?