Tuesday, December 7, 2010
Compromise Is Politics Working the Way it Should
Partisan politics by nature is an adversarial process where each side seeks to get their agenda passed and individual politicians generally make their name by stubbornly standing their ground. But the best and most remembered are those who can gracefully orchestrate a satisfying compromise. President Obama, has made an attempt to turn towards the latter type with the latest renewal of the Bush era tax rates, in conjunction with the extension of unemployment insurance payments for another 13 months (I refuse to refer to them as benefits, there should be no "benefit" for not working). In the arguments that took place before the compromise, questionable facts and figures were purported by both sides I'm sure. But one of the ones that I heard and remembered was Nancy Pelosi stating that every dollar of unemployment insurance payment equates to more than 2 dollars of economic activity. I did not hear from the other side any argument about the same effects of tax reductions, every dollar left in the peoples hands remains in the economy and generates more economic activity. Just a thought about parity in politics.
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