Posts Tagged ‘rich

26
Nov
12

Rise and Shine

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Matthew Yglesias: Obama’s 2010 Lame Duck Tax Deal Was a Triumph, Not A Sellout …. David Corn has an interesting piece (see below) pushing back on the myth of the Obama cave-in, but I’d go further – the deal was a triumph …

….. Obama secured a deal that extended the middle class tax cuts, extended UI benefits, created a stimulative payroll tax holiday, cleared the legislative decks for Don’t Ask Don’t Tell repeal and the passage of the New START arms control treated, and in exchange he gave up nothing of any real substance ….  now he gets to play that leverage from a somewhat stronger economic and political context. It’s totally solid legislative dealmaking, and not any kind of cave-in or surrender.

Full post here

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David Corn (Mother Jones):  ….. Obama didn’t wave the white flag in 2010. He turned a face-off over the Bush tax cuts into an opportunity to enact a second stimulus that he otherwise could not get past Senate Republicans. His failure at that time was not that he mustered insufficient mettle; he failed to convey to the world that he had ju-jitsued the GOPers.

….  no one ought to forget that Obama, a progressive in his policy preferences, remains a pragmatist. What happened two years ago is not an indication that Obama is likely to yield in the new face-off, but that he will be assessing the political dynamics in gridlocked Washington and be willing to bargain hard for a good deal with true benefits. That’s not caving in. It’s governing.

Full post here

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NYT: When Tea Party activists swamped town hall-style meetings about health care in the summer of 2009, President Obama’s army of campaign volunteers largely stayed away ….. now, Mr. Obama is seizing a second chance to keep his election-year supporters animated.

With lawmakers scheduled to return to work on Monday to begin intense discussions before a looming fiscal deadline, Mr. Obama’s aides are trying to harness the passions that returned him to the White House, hoping to pressure Republicans in Congress to accept tax increases on the wealthy. The president’s strategists are turning first to the millions of e-mail addresses assembled by the campaign and the White House.

Already, supporters are being asked to record YouTube videos of themselves talking about the importance of raising taxes on the rich. Aides said those videos would be shared on Facebook and Twitter and would be forwarded to centrist Democrats, as well as to mainstream Republicans, who they hope will break with their Tea Party colleagues.

More here

More from Steve Benen here

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14
Nov
12

Rise and Shine

President Obama talks with Lt. Gen. Doug Lute, Deputy Assistant to the President and Coordinator for South Asia, left, and National Security Advisor Tom Donilon in the Oval Office, Nov. 13 (Pete Souza)

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Today:

10:0 House Minority Leader Nancy Pelosi addresses reporters (C-Span)

1:30: President Obama holds a news conference

2:45: President Obama and VP Biden attend a meeting with business leaders

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McClatchy: President Obama assured labor unions and liberal organizations Tuesday that he’s firmly committed to letting tax cuts for higher incomes expire as scheduled at the end of the year….

Obama met with the labor and liberal groups for an hour at the White House, his first extended meeting with anyone from outside his administration since he won re-election a week ago. He told them he’s committed to raising taxes on higher incomes as he negotiates with Congress on avoiding the “fiscal cliff” of automatic tax increases when Bush-era tax cuts expire at the end of the year and automatic spending cuts negotiated during last year’s debt crisis kick in.

“President Obama today strongly reiterated his steadfast commitment to ensuring that the Bush tax cuts for the wealthiest 2 percent finally end Dec. 31 and to protecting the middle class in the process,” said Justin Ruben, executive director of MoveOn.org….

More here

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ThinkProgress

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Mother Jones (thanks Melanie)

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NYT

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Link

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Cagle

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Dana Milbank: President Obama’s opponents have unwittingly come up with a brilliant plan to avoid the “fiscal cliff.” They want to secede from the union.

If Obama were serious about being a good steward of the nation’s finances, he’d let them.

…. a large number of patriotic Americans, mostly from states won by Mitt Romney last week, have petitioned the White House to let them secede. They should be careful about what they wish for…..

Red states receive, on average, far more from the federal government in expenditures than they pay in taxes. The balance is the opposite in blue states. The secession petitions, therefore, give the opportunity to create what would be, in a fiscal sense, a far more perfect union.

…. would-be rebels from the red states should keep in mind during the coming budget battle that those who are most ardent about cutting government spending tend to come from parts of the country that most rely on it.

Full article here

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Cagle

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Cagle

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Now 7.5 million views:

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Moooooooorning everyone!

08
Oct
12

Rise and Shine

The Nokia Theater, Los Angeles, October 7 (MSNBC/Reuters)

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Today:

PDT / ET

8:50 / 11:50: President Obama departs Los Angeles

9:45 / 12:45: Arrives Bakersfield, CA

10:35 / 1:35: Tours the Memorial Garden at Chávez National Monument, Keene

11:15 / 2:15: Announces the establishment of the César E. Chávez National Monument

12:35 / 3:35: Departs Bakersfield

1:40 / 4:40: Arrives San Francisco

4:0 / 7:0: Attends a campaign event at the InterContinental San Francisco (closed press)

7:15 / 10:15: Delivers remarks at the Bill Graham Civic Auditorium, San Francisco (print pool coverage)

9:40 / 12:40: Delivers remarks at the Bill Graham Civic Auditorium (pooled for television)

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(Kevin Winter/Getty)

(AP Photo/Mark J. Terrill)

(Jay Clendenin, LA Times)

Nokia Theater, Los Angeles, Oct 7 (Kevin Winter/Getty)

Text of the President’s remarks at the Nokia Theater here – the video should be up on C-Span today

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25
Sep
12

Rise and Shine

GottaRegister

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10:45: Vice President Joe Biden delivers remarks at a campaign event in Chesterfield, Virginia

(Don’t forget The View today)

1:25: President Obama departs New York City

2:35: Arrives at the White House

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NYT Editorial: Mitt Romney …. told CBS News’s “60 Minutes” that he is tied with President Obama; he has a “very effective campaign; it’s doing a very good job” …. That’s an outright denial of political reality, but Mr. Romney’s willingness to stray from the truth is at the root of what’s really going on….

To some extent, Mr. Romney’s diminishing stature is because of two recent statements that revealed his deficiencies to a newly interested audience. He falsely suggested that the Obama administration was sympathetic to the violent Muslim protests in Libya and Egypt, illustrating his ignorant and opportunistic critique of foreign policy. And he was caught on video belittling nearly half the country for an overreliance on government handouts.

These moments, though, were not fumbles or gaffes. They were entirely consistent with the dismissive attitude Mr. Romney has routinely shown toward non-Americans or the non-rich….

Mr. Romney is free to pursue this shallow, cavalier campaign for six more weeks, but he shouldn’t be surprised if voters increasingly choose not to pay attention.

Full editorial here

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BBC: America’s sixth-largest credit card issuer has agreed to pay $200m in refunds to settle accusations it misled customers into add-on services.

Discover Bank will also pay a $14m fine, after regulators said it enrolled clients in schemes such as credit monitoring, without consent.

It is the third public enforcement action taken by the Consumer Financial Protection Bureau (CFPB).

More than 3.5 million customers are to receive refunds. About two million of them will be repaid all the charges against them.

More here

Thank you amk

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