Reuters: President Barack Obama takes his “fiscal-cliff” campaign to the home of a family in Northern Virginia on Thursday (1:35) to illustrate the impact of letting taxes go up on the middle class….
With about three weeks remaining before steep tax hikes and budget cuts that comprise the so-called fiscal cliff are set to begin, the White House said Obama would visit the home of a family that responded to a presidential Twitter request for real-life stories about the burden of a tax increase on the middle class.
Greg Sargent: Public opinion gives Dems all the leverage: Here’s another reason Republicans may have to accept the above way out: A new Quinnipiac poll finds that Americans are solidly on the side of Obama and Democrats in this battle. Voters say by 53-36 they trust Obama and Dems more than Republicans on the fiscal cliff mess. And by 51-43, voters say Republicans won’t make a “good faith effort” to cooperate with Obama on issues important to them.
Twitter meltdown of the week:
Politico’s Ben White was in a monster, well, huff because he wasn’t included in Huffington Post’s ’32 Economics Journalists You Should Be Following On Twitter’ list. But, instead of being sensible and ignoring the OUTRAGEOUS snub, what does he do? Yep, he whinged about it endlessly on Twitter.
The tweet above caused a good giggle – talk about revealing your politics. But then, he does work for Politico.
President Barack Obama waves to people gathered along the motorcade route from Osawatomie High School to Osawatomie-Paola Municipal Airport in Osawatomie, Kan., Dec. 6, 2011. (Official White House Photo by Pete Souza)
Paul Krugman: One crucial thing you need to understand about political journalists is that with some honorable exceptions, they don’t know or care about actual policy …
…. Hence, the awful decision of Politico to give Paul Ryan an award as healthcare policymaker of the year.
…. what became painfully, embarrassingly clear during the debate over the Ryan plan was that Ryan is, well, incompetent …. it’s true that the plan “got everyone talking”, as Politico says – but mostly it got people talking about what a mess Ryan’s effort was.
Oh, and it was pretty clear that Ryan wasn’t being honest about his own numbers.
What’s going on here, I suppose, is that Politico is mistaking theater for policy. Ryan isn’t an important health care reformer, or even minimally competent in his attempted wonkery, but he plays a deep thinker on TV. And the people at Politico either don’t understand the difference, or they don’t care.
President Obama returns to the White House after a visit to Kansas
Steve Benen: President Obama has decided that, from now on, foreign aid decisions will take into consideration how countries treat their LGBT citizens, and he directed U.S. agencies abroad to ensure our humanitarian and diplomatic efforts “promote and protect” the rights of gays and lesbians.
…. today’s announcement marks a historic first …. It also adds to a rather extraordinary record for Obama in this area in his first three years….
…. I realize there are still a sizable number of people in the LGBT community who are unsatisfied with the pace of change, and consider President Obama someone who has ignored, and even betrayed, their interests. Some have even vowed not to lift a finger to help with the president’s re-election effort.
I suspect many social-conservative activists find this inexplicable.
President Obama has dinner with campaign donors and winners of the “Dinner with Barack” contest at The Liberty Tavern in the Clarendon neighborhood of Arlington, Va.
MSNBC: Medicare’s basic monthly premium will rise significantly less than expected next year, the government announced Thursday. That could pay political dividends for President Barack Obama and for Democrats struggling to win over seniors in a close election.
…. In a statement accompanying release of the Medicare premiums, Health and Human Services Secretary Kathleen Sebelius asserted that seniors have nothing to fear from the new health care law.
“The Affordable Care Act is helping to keep Medicare strong and affordable,” she said. “People with Medicare are seeing higher quality benefits, better health care choices and lower costs.”
ThinkProgress: Republican presidential candidate Rick Perry released a tax plan this week that he and many media reports called a “20 percent flat tax.” But Perry’s new alternative tax scheme is hardly “flat”.
Leaving aside the fact that it is layered on top of the existing tax code, it establishes not one but two different tax rates: 20 percent for wages, and zero percent for investment income. Because capital gains and dividends would be sheltered from taxes under Perry’s plan, some of the wealthiest Americans would wind up paying nowhere near 20 percent overall.
In fact, billionaire Warren Buffett, who has lamented the fact that he currently pays only 11 percent of his adjusted gross income in federal income taxes, would pay as little as 0.2 percent under Perry’s plan.
ABC: Today’s New York Times story … includes an intriguing reference to a staff memo directing those traveling in a car with Mr. Cain, “Do not speak to him unless you are spoken to.”
Could the affable Mr. Cain really have a “don’t-talk-to-me-unless-I-talk-to-you” policy?
Yes. He does. Really.
A top aide to Mr. Cain explains to me why.
“It’s the same policy for any Secretary of Defense or four-star general,” a senior Cain staffer explained to ABC News. “You don’t talk to them unless they talk to you, generally. Sometimes you get guests in the car and they want to talk and talk and talk, and then Mr. Cain wants to prepare for the next interview or the next speech and he’s very engaging, so it can be a distraction. After a while, he gets to the point where he doesn’t want to talk, but wants to prepare for what he’s doing next.”
More excellent comedy from Dick Halperin today in Time. He magnificently ignored all the polls that show President Obama leading RomPerryCain in swing states, and concluded that if the election was held today he’d lose.
It’d be nice, though, if Halperin had an original thought:
Mark Halperin (today): Is President Obama on the ropes? …. The coalition that helped elect the President …. has been disbanded.
Mark Halperin (December 2010): The coalition that got Barack Obama elected President just two years ago has been shattered ….
Last year, Alex Pareene of Salon (which I seriously hate linking because it’s become Firebagger Central) did a series on “the worst columnists and cable news commentators America has to offer …. the most predictable, dishonest and just plain stupid pundits in the media.” Halperin had to settle for the runners-up prize, behind Richard Cohen. It’s worth a read again:
Alex Pareene (2010): Mark Halperin – The Drudge-loving political analyst who gets everything wrong …. his belief in the unerring political instincts of Karl Rove and the godlike omniscience of Matt Drudge ….
…. Halperin’s worst quality is actually that he is constantly wrong. He is a professional political analyst, yet he often seems to be completely, 100 percent wrong about even the horse-race aspects of politics that he specializes in. He kept promising, in 2006, that Bush’s approval ratings would once again surge past 50 percent. Remember when John McCain “suspended his campaign” to fix the economy? Mark Halperin said McCain won the week.
The book Halperin wrote …. “The Way to Win,” his preview of “the way to win” the presidential election in 2008. His advice was to emulate Karl Rove and worship Matt Drudge – the key to victory seemed to involve a lot of Matt Drudge – and the 2008 election as it actually happened made the whole book (which he co-wrote with Politico co-founder John Harris!) look utterly ridiculous.
… All we ask for is a little accountability. At the very least, Halperin’s TV chyron should read, “ALWAYS WRONG ABOUT EVERYTHING.”
Marketwatch: With a little more than two trading days left in the month, it is shaping up to be the best October ever for the Dow Jones Industrial Average. And that is saying something, since the Dow has existed since 1896, 115 years ago.
As of mid-day trading on Thursday, the Dow INDU is ahead more than 11% for the month. The previous record for the month of October was held by 1982, when the Dow turned in a 10.7% return. That’s an auspicious historical precedent, since that month came very early in that decade’s spectacular bull market which, arguably, didn’t end until nearly 20 years later.