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Today:
10:10: The President and Vice President meet with governors at the White House
1:0: Press Briefing by Press Secretary Jay Carney
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The President will participate on Tuesday in his first television interview since the election. Bloomberg’s White House correspondent Julianna Goldman will do the questioning. According to a preview, they will discuss the fiscal cliff and his priorities and agenda for his second term. The interview will air at 12:30 p.m. EST on Bloomberg TV. (See here)
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Paul Krugman: It goes without saying that the Republican “counteroffer” is basically fake. It calls for $800 billion in revenue from closing loopholes, but doesn’t specify a single loophole to be closed; it calls for huge spending cuts, but aside from raising the Medicare age and cutting the Social Security inflation adjustment – moves worth only around $300 billion – it doesn’t specify how these cuts are to be achieved. So it’s basically the Paul Ryan method: scribble down some numbers and pretend that you’re a budget wonk with a Serious plan.
….. for all the seniors or near-seniors who voted Republican because you thought they would protect Medicare from that bad guy Obama: you’ve been had.
Full post here
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NYT Editorial: ….. under pressure from the White House, Republicans finally released their opening position in the negotiations – a remarkably shallow one that demonstrated a lack of seriousness in negotiations, or farsightedness in policy.
…. The only way to produce the necessary revenue is to combine some limits on deductions with an end to the Bush tax cuts on the rich, and Mr. Obama, fortunately, has been adamant he will not consider any plan that does not do so. The Boehner letter, by contrast, actually advocates lowering rates, suggesting that Republicans are still clinging to the notion, rejected by voters, that was put forward by Mitt Romney.
….. Monday’s offer may simply be intended to show the most conservative Republicans that their leaders fought before the compromises to come. For everyone else, they show a party unwilling to approach the bargaining with responsibility.
Full article here
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Eugene Robinson: How dare he? President Obama, I mean: How dare he do what he promised during the campaign? How dare he insist on a “balanced approach” to fiscal policy that includes a teensy-weensy tax increase for the rich? Oh, the humanity.
…. “Right now, I would say we’re nowhere, period,” said Boehner. “We’re nowhere.”
Not true. It’s just that we’re somewhere Republicans would prefer not to be. We’re just past an election in which Obama won a second term and Democrats gained seats in both houses of Congress. And we’re nearing a “fiscal cliff” of tax increases and budget cuts that horrify Republicans more than Democrats.
… There is no guarantee that Obama will get everything he wants out of this showdown. But I’d rather be playing the president’s hand than Boehner’s.
Full article here
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From yesterday:
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This is great – thanks UT!
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Moooooorning everyone.
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All times ET
11:50: President Obama departs Williamsburg, Va.
12:00: VP Biden travels to Penn Valley, Pa., to attend the funeral services for Senator Arlen Specter
12:55: President Obama arrives in New York
2:50: Michelle Obama speaks to grassroots supporters in Chapel Hill, N.C.
9:00: The Debate
11:05: President Obama departs New York
12:15: Arrives at the White House
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Greatest website ever:
Thank you Bill!
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Washington Post: Romney’s 12-million job promise has garnered a lot of attention. We became interested in this ad after a reader asked whether the campaign had provided much detail on how he would reach this total …
…. the candidate’s personal accounting for this figure in this campaign ad is based on different figures and long-range timelines stretching as long as a decade — which in two cases are based on studies that did not even evaluate Romney’s economic plan. The numbers may still add up to 12 million, but they aren’t the same thing — not by a long shot.
… Clearly, some clever campaign staffer thought it would be nice to match up poll-tested themes such as “energy independence,” “tax reform” and “cracking down on China” with actual job numbers. We just find it puzzling that Romney agreed to personally utter these words without asking more questions about the math behind them.
Read the full article here
Greg Sargent: …. Let’s recap what Kessler has discovered here. The plan that is central to Romney’s candidacy on the most important issue of this election — jobs — is a complete sham. This is every bit as bad — or worse — than Romney’s claim to have created 100,000 jobs at Bain, or his vow to cut spending by eliminating whole agencies without saying which ones, or his refusal to say how he’ll pay for his tax cuts.
This could not have come at a better time for Obama. Here is the evidence he needs to spell out as clearly as possible that Romney is peddling economic hokum to the American people. Any fair reading of the backup the Romney campaign itself supplied for his plan reveals that it is nothing but a bill of goods. Obama needs to seize on this in a big way. This should be a big story.
Oh, and by the way: Economists have evaluated Obama’s jobs plan. And they concluded it would create one to two million jobs. The bottom line is simple: One candidate has a jobs plan, and the other doesn’t.
More here
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