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An agreement is "within sight," but not yet done, says the President (webcast), apparently using...

An agreement is "within sight," but not yet done, says the President (webcast), apparently using his address to push negotiations over the finish line. The deal on the table extends current income tax rates on those within a certain income threshold, but does not appear to prevent payroll tax rates from going back up. S&P 500 +0.6%.
Comments (31)
  • barleycapital
    , contributor
    Comments (156) | Send Message
     
    Disappointing speech...completely inconclusive...
    31 Dec 2012, 01:56 PM Reply Like
  • wigit5
    , contributor
    Comments (3940) | Send Message
     
    agreed... not sure why he felt the need to cause a ruckus in the middle of the day for that...
    31 Dec 2012, 01:57 PM Reply Like
  • gwenace
    , contributor
    Comments (61) | Send Message
     
    This gotta be one of the most unhelpful speeches of the year.
    31 Dec 2012, 01:57 PM Reply Like
  • buckarew
    , contributor
    Comments (2) | Send Message
     
    again, double-speak and hyperbole with little substance. And they eat it up, all 9 of the people who clapped and cheered.
    31 Dec 2012, 02:05 PM Reply Like
  • SoldHigh
    , contributor
    Comments (996) | Send Message
     
    I hope making important decisions on behalf of the country didn't get in the way of campaigning for him.
    31 Dec 2012, 02:05 PM Reply Like
  • joe kelly
    , contributor
    Comments (1725) | Send Message
     
    The republicans have played this beautifully. Obama is caving on promises. He caved on Obamacare and we got a system that nobody understands and based on Heritage Foundation and Romney plans. Yet the republicans complain anyway.

     

    If republicans governed as well as they play Obama and democrats our country would be in great shape.
    31 Dec 2012, 02:06 PM Reply Like
  • Angel Martin
    , contributor
    Comments (1291) | Send Message
     
    Obama campaigns while the important people negotiate.

     

    one lesson from the debt ceiling in 2011 was that the deal got done once obama was excluded.

     

    http://bit.ly/UhrSdX
    31 Dec 2012, 02:21 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    As I insinuated, this whole thing is just a hoax; pretty giant one, and costly too, $16.7T and counting up and up....
    31 Dec 2012, 02:29 PM Reply Like
  • criticalbear
    , contributor
    Comments (81) | Send Message
     
    this speech was made only to rally democrats who might be iffy on a deal that backed off so many campaign promises.
    31 Dec 2012, 02:30 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8412) | Send Message
     
    Spot on.
    31 Dec 2012, 04:38 PM Reply Like
  • bbro
    , contributor
    Comments (9317) | Send Message
     
    How will the Hispanics vote??
    31 Dec 2012, 02:35 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4009) | Send Message
     
    ?que
    31 Dec 2012, 07:40 PM Reply Like
  • MohanTX
    , contributor
    Comments (85) | Send Message
     
    No president since Truman was able to get healthcare for poor people. And Obama did it, with constant cries from republicans and others. I would like republicans to propose how to reduce end of the life costs.

     

    And, reduce the number of bases abroad by 50%.

     

    Nobody has balls in Washington, DC to do what is right for 95% of the people. We have republicans holding up for top 2 to 3 percent in a shameful way. Calling those top 2 to 3% as small businessmen is a shameful lie.

     

    I would like somebody to eliminate the carried interest loophole. But all these people in congress and senate have been bought and sold by the hedge fund managers. Romney paying only 15% taxes and hiding taxes for over 2 years ago. Is that leadership from Republicans and Democrats...
    All of them including Obama are playing head games.....
    31 Dec 2012, 02:37 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (689) | Send Message
     
    Obamacare did not "get healthcare" for anybody, let alone ensure that people will actually be healthier. You have spun the facts. All we have is the promise of low cost health insurance by either federalizing it or forcing the states to increase their medicaid spending (which the Supreme court did rule was unconstitutional).

     

    Ever since the "War on Poverty", started the 1960s, doing "what is right" has morphed into all manner of government guarantees, benefits, and safety nets. Something like $16T spent on social engineering, with no appreciable change in the statistical poverty level. In fact, the more the government insures our private lives, the less responsible we become for our private well-being. In the end, people need to do what's right for themselves, and stop looking to the government to insure every aspect of their lives. It simply doesn't work. To quote a famous Republican:

     

    You cannot help the poor by destroying the rich.
    You cannot strengthen the weak by weakening the strong.
    You cannot bring about prosperity by discouraging thrift.
    You cannot lift the wage earner up by pulling the wage payer down.
    You cannot further the brotherhood of man by inciting class hatred.
    You cannot build character and courage by taking away men's initiative and independence.
    You cannot help men permanently by doing for them what they could and should do for themselves.

     

    - Abraham Lincoln
    31 Dec 2012, 02:57 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8412) | Send Message
     
    Guys, look, Obamacare is here. Nothing can be done about it now. So stop complaining.
    31 Dec 2012, 04:39 PM Reply Like
  • recession12
    , contributor
    Comments (170) | Send Message
     
    We now know they are putting spending to later in the year. It is time to downgrade the debt we will have 18 trillion at the end of 2013. Sell the news.
    31 Dec 2012, 03:10 PM Reply Like
  • Joe Eifrid
    , contributor
    Comments (336) | Send Message
     
    Talk about stupid...why did Obama heckle the republicans in Congress before they vote? I am sure he lost some votes as he rubbed their face in the taxing of the wealthy. What a divisive fool!
    31 Dec 2012, 03:14 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8412) | Send Message
     
    He doesn't need the Republicans at large. He needs only a few to cross over. The bill will pass the House primarily on Dem votes. Those are the votes Obama was seeking with his speech.
    31 Dec 2012, 04:40 PM Reply Like
  • recession12
    , contributor
    Comments (170) | Send Message
     
    Why do they want to cut social security when they let these multi generation welfare recipients collect with no cuts. This country is headed for a collision with reality by March.
    31 Dec 2012, 03:16 PM Reply Like
  • WMARKW
    , contributor
    Comments (10244) | Send Message
     
    And none of the elements of any agreement will help the economy - so just get used to plodding along.
    31 Dec 2012, 03:18 PM Reply Like
  • recession12
    , contributor
    Comments (170) | Send Message
     
    It won't be plodding along. We are in trouble with this bill no spending cuts we are in trouble. Buy puts by the boat load
    31 Dec 2012, 03:20 PM Reply Like
  • WMARKW
    , contributor
    Comments (10244) | Send Message
     
    My definition of "plodding" is 1% GDP growth. It's totally possible we'll have negative growth depending on tax outcome.
    31 Dec 2012, 04:21 PM Reply Like
  • taxman100
    , contributor
    Comments (244) | Send Message
     
    Someone should let Barry know that the election is over, and he won the low information vote.

     

    A totally meaningless speech while the adults work, Barry plays his narcissistic game.
    31 Dec 2012, 03:41 PM Reply Like
  • SoCalNative
    , contributor
    Comments (424) | Send Message
     
    Gee, what a relief.
    31 Dec 2012, 03:42 PM Reply Like
  • Shazir Mucklai
    , contributor
    Comment (1) | Send Message
     
    I liked the speech.
    31 Dec 2012, 03:42 PM Reply Like
  • yliu54
    , contributor
    Comments (170) | Send Message
     
    Though nothing solid, but he looks happy.. seems he is confident to get what he wants..
    31 Dec 2012, 03:42 PM Reply Like
  • recession12
    , contributor
    Comments (170) | Send Message
     
    He is going to tax and not cut one single thing on the spending side. Wall St wants a deal of do nothing like is proposed. Someday soon Wall St will see a drop like never seen before. Reason being every industry in this country is supported by the Fed. Wake up we are going broke and no one wants to face it.
    31 Dec 2012, 03:49 PM Reply Like
  • petten
    , contributor
    Comments (128) | Send Message
     
    Good job, leading from behind press secretary of Joe Biden.
    31 Dec 2012, 04:21 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8412) | Send Message
     
    The Tea Party Patriots must be fuming in impotent anger after that speech.
    31 Dec 2012, 04:41 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4009) | Send Message
     
    I know I am. I headed straight to the country club and downed an Old Fashion before getting a massage and haircut. Unfortunately my dinner jacket is a little tight but if things go the way I hope at the New Years Eve party, I won't be wearing it very long.
    31 Dec 2012, 07:23 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8412) | Send Message
     
    Rofl
    31 Dec 2012, 08:42 PM Reply Like
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