White House Gives In On Bush Tax Cuts- Come on, what about all your promises!

 

WASHINGTON -- President Barack Obama's top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.

That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week's electoral defeat.

"We have to deal with the world as we find it," Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. "The world of what it takes to get this done."

"There are concerns," he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. "But I don't want to trade away security for the middle class in order to make that point."

I say get rid of all the tax cuts for everyone including the wealthy. It's a way to reduce the deficit and tell those GOP lying bastards to stuff it. What is wrong with you guys in the oval office? Fight for what you believe or get off the pot.

TechCrunch - Boxee plans to placate video networks with a pay per view platform.... Is this a good strategy for Boxee?

As he describes in the video below, Ronen argues that the media companies should be more consistent: either charge for videos on the Web or make it free, or go for the freemium model and offer premium video watching experiences on devices like Boxee and the iPad or an additional fee. He reveals that Boxee is working on a payments platform to support such subscription business models on the Boxee service. Watch the video after the jump for more of his thoughts on the matter.

Seems to me that one outcome is that cable providers offer similar pay per view for TV which effectively puts Boxee out of business? What do you think?

TechCrunch - Another vertical market social net- this one for Green Tech

OnGreen— a professional networking and collaboration website that connects clean tech entrepreneurs with potential investors— today announced that it has raised a $1.4 million series A investment of its own from a jointly owned fund between Blue Marble Ventures in Los Angeles, and China Southern Hong Kong Investment Ltd. (CSHK) in Shanghai.

This is trending. Focused Social Nets are hot!

Elizabeth Warren Talks About New Agency With Maddow (VIDEO) - Support Elizabeth Warren as Director of CFPB NOW

Warren explained that one of her objectives was to help consumers with debt. "It doesn't take tax money to do that. What it takes is leveling the playing field, it's saying, 'look, we just want some basic fairness here.' The pricing has to be clear up front, the risk has to be clear up front, and it has to be easy -- up front -- to make comparisons among products. That means getting rid of fine print. That means no more tricks and traps in the game. When that happens, more money stays in the pockets of American families and less of it drains out to the financial institutions that have become so powerful.

Don't forget to continue support Warren as the Director of the CFPB. The middle class depends on this.