On This Day: President Barack Obama, Vice President Joe Biden and Claire Duncan, daughter of Education Secretary Arne Duncan, watch a tennis match at Camp David, Md., Oct. 3, 2010. The President hosted cabinet members and their families for a Sunday gathering at the retreat (Photo by Pete Souza)
Today, the average after-tax income of a member of the top 1 percent of earners is $1.12 million. The average after-tax income of someone in the bottom 20 percent is $13,300. That means the average person at the top takes home 84 times the income that the average person in the bottom takes home. Now, consider what it would be like if none of President Obama’s tax policy changes had happened: not the upper-income tax hikes negotiated at the beginning of last year, not the upper-income tax increases imposed by the Affordable Care Act, not the low-income tax credits enacted in the 2009 stimulus and later renewed.
In this alternative universe, the average member of the top 1 percent would take home $1.2 million, or 6.5 percent more in income, according to a new analysis. The average member of the bottom 20 percent would bring home $13,100, or 1.2 percent less in income. As a result, the average member of the 1 percent would take home 91 times what the average person in the bottom would bring home. If you’ve wondered whether Obama has made any headway at reducing income inequality, here’s evidence that he has. Based on tax policy alone, he has slightly increased the income of the poor and more significantly reduced the income of the rich.
USA Today: Obama applauds congressional budget deal
Don’t be surprised if President Obama addresses the proposed congressional budget deal on Wednesday, and to say good things about it.
In a written statement late Tuesday, Obama called the deal “a good first step” toward a “balanced” budget approach that combines prudent cuts with investments in job-generating programs.
“This agreement doesn’t include everything I’d like — and I know many Republicans feel the same way,” Obama said. “That’s the nature of compromise. But it’s a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done.”
That Congress’ budget chairs – Republican Paul Ryan and Democrat Patty Murray – were able to reach a budget agreement at all is a minor miracle. There was ample reason to believe the negotiations were a fool’s errand and that failure was an inevitability. The assumptions, however, were wrong, and the two leaders last night unveiled their deal to fund the government for the next two years.
Broadly speaking, there are two overarching questions to consider: is the budget agreement any good and can it pass Congress. Neither is easy to answer.
BBC: ‘Volcker rule’ ban on risky trades passed by regulators
All five US financial regulators have approved the Volcker rule, designed to restrict the finance industry in the wake of the 2008-09 financial collapse.
Named after former Federal Reserve chairman Paul Volcker, it bans banks from using their own funds for trading activities.
It is considered the centrepiece of the 2010 banking reform legislation known as Dodd-Frank. Banks will have until 21 July 2015 to comply with the rules.
…. US President Barack Obama applauded the passage of a rule proposed more than three years ago.
He said in a statement: “The Volcker Rule will make it illegal for firms to use government-insured money to make speculative bets that threaten the entire financial system, and demand a new era of accountability from CEOs who must sign off on their firm’s practices.”
Kentucky.com: Health enrollment climbs during holiday period
Enrollment through Kentucky’s health benefits website has grown by more than 11,000 in a 10-day period starting Thanksgiving week.
Gov. Steve Beshear’s office says the technology team for the state’s online health insurance marketplace was expecting an increase in traffic, applications and enrollments after Thanksgiving and increased capacity to prepare.
A news release from Beshear’s office says the site enrolls about 1,000 Kentuckians a day.
David Walker: Pete Souza On His Long-Term Photographic Partnership With President Barack Obama
PDN: You first met the President on his first day as senator in 2005. What was he like as a subject at that time?
Pete Souza: He had just been through a campaign in Illinois, and oftentimes had photographers tagging along with him. So I think he was used to a photographer being with him, maybe not to the extent that I wanted to try to work with him, which was to do a lot of things behind the scenes, but I think he appreciated the way I worked: leaving a small footprint, not interrupting what he was doing, and things like that.
PDN: Can you talk about what you think about—and what you want to say about—the President when you photograph him, and how that has changed since you started as the chief White House photographer?
PS: I used to tell people that I’m trying to make photographs so that 50 years from now, people will have a sense of what Barack Obama was like as a president and as a person. [Then] I saw, somebody had archived a presentation about the work of Yoichi Okamoto, who was LBJ’s photographer, and he essentially said the same thing, except he didn’t say 50 years—he said 500 years. And that just sort of shook me a little bit in the sense of how important it was for me to do a good job documenting visually this administration, because the reality is that: It’s 500 years from now.
People could be going through these photographs to try to get an idea [of this administration]. So that’s sort of the way I think about things.
PDN: What images come to mind that stand out to you because of what you know about his manner or mannerisms?
PS: I think how he interacts with his girls, for instance. I’m sensitive to giving him the necessary privacy with his girls, but at the same time, they know who I am. I know the great relationship that he has with his girls, so I think I’m able to make some photographs that show him as a father that a stranger coming in would never be able to make … That’s one example.
PDN: And anything about your relationship with the President you want to comment on? Does he comment on your photos, for example? Has he said anything to you or anything publicly [about your work]?
PS:Yeah, we hang photos on the walls of the West Wing. He’s usually struck by the photos that he’s not in, or photos that he’s in with his family, or photos that he’s in with little kids. I think those are the three categories of photographs that he enjoys the most.
Saturday and Sunday: The President has no public events scheduled
Monday: Attends meetings at the White House
Tuesday: Addresses the nation from the White House
Wednesday: The President, the Vice President, the First Lady, Dr Jill Biden and White House staff will gather on the South Lawn of the White House to observe a moment of silence to mark the 12th anniversary of the 9/11 attacks. The President will then travel to the Pentagon Memorial to attend the September 11th Observance Ceremony
Thursday: The President will hold a Cabinet Meeting. The Vice President will attend
Friday: Welcomes to the White House the Amir of Kuwait, His Highness Shaykh Sabah Al-Ahmad Al-Jaber Al Sabah
…. If congressional Republicans ignore President Obama, it’s evidence of Obama failing. If congressional Republicans ignore their own party’s leaders, it’s still evidence of Obama failing.
If the president bypasses Congress to pursue his national security strategy, he’s dictatorial. If he seeks congressional authorization for his national security strategy, he’s weak and undermining the stature of his office.
If lawmakers reject a resolution authorizing force in Syria, Obama will struggle to get anything through Congress for the rest of his term. If lawmakers approve a resolution authorizing force in Syria, Obama will struggle to get anything through Congress for the rest of his term.
If the president uses the military to intervene in Syria, Obama will have undermined the credibility of the United States on the global stage. If the president honors a congressional vote against using the military to intervene in Syria, Obama will have undermined the credibility of the United States on the global stage.
I’m starting to think this game is rigged in a heads-I-win; tails-you-lose sort of way…..
It passed the Senate by a 58-41 vote, and failed in the House in a 213-213 tie. 93% of Democrats in the Senate voted for it, as did 86% of House Democrats – that made for 42 Democratic senators and 180 Democratic House members. It was the Congressional resolution to allow the United States to intervene militarily, unilaterally if needed, to end a humanitarian catastrophe – under a Democratic president. It was the humanitarian catastrophe of death and displacements in Kosovo. President Clinton lead an airstrike despite the failure of the vote in Congress, under the NATO umbrella.
Kosovo’s civil war was a humanitarian disaster of epic proportions, but in the perspective of Syria, it is in danger of looking miniscule….
Yet, Congressional Democrats remain largely skeptical of an intervention in Syria while roughly 90% of Democrats in Congress in 1999 voted to allow Bill Clinton to intervene in Kosovo. I am left wondering why this is….
Smartypants: Rep. Keith Ellison asks us to listen to Syrian Americans
While an awful lot of liberals are jumping in front of TV cameras to announce their collaboration with tea party libertarians to oppose military intervention in Syria, one of the co-chairs of the Congressional Progressive Caucus (and one of only two members of the House who are Muslim) seems to be struggling a bit more deeply with the issues involved.
PEACE community, consider thoughtful words of Syrian Americans as you think about Congress’ vote next week. http://t.co/yduqX4kIt0
It was hard to imagine Alan Grayson could sink any lower this week – see ‘Alan Grayson Conspires with Far Right Lunatics to Lie and Fundraise off of Syria’ at The People’s View and ‘Rep Alan Grayson Cackles That Syrian Atrocities ‘Simply Not Our Problem’ at Mediaite) – but then there was this:
Rep. Michael Grimm (R-N.Y.) announced just days ago that he would support President Obama’s call for military intervention in Syria. “We have to keep our word; this is about our credibility,” the New York Republican said last weekend. “We can’t permit a precedent where there is a use of chemical weapons and there is no response.”
Four days later, Grimm changed his mind, and announced yesterday he opposes the policy he’d previously endorsed.
I’ll leave it to others to speculate as to why, exactly, the congressman reversed course so quickly and completely …. The fundraising appeal, sent within a few hours of Grimm’s newly announced position, asks donors, “Will you stand with me in opposing President Obama’s plan with a donation of $25 or more right now?” It adds, “Stand with me today with a donation of $25 or more to strongly oppose military action in Syria.”
The whole concept of reducing the threat of weapons of mass destruction was seriously discredited when Bush/Cheney used it as an excuse to lie us into an unnecessary war. Its clear by now that some people simply cannot have a rational conversation about the topic as a result.
But since President Obama has been trying to convince the US and the world to live up to their commitments about responding to the use of chemical weapons, I’ve been thinking about how that position is linked to a rather bold promise he made back when he was running for president in 2008….
The PCTC Blog: Pacifists and Liberals ; When Do We Actually Stand Up For Those We Allegedly Care About?
Being a pacifist isn’t easy. Not easy at all.
A lot of self-described pacifists think it is easy. Essentially, the equation for many is, if it maims or kills, you don’t do it. Period. That’s easy, isn’t it?
There’s just one problem. It’s not pacifism.
Like everything else in life, being pro-peace is complicated. It’s a constant calculation, based on the circumstances in each situation. It’s not a blanket belief that no one should ever do anything violent, but a calculation of which actions will bring us closer to peace, and save the most innocent lives? Unfortunately, sometimes, the necessary action may be a violent one. Sometimes, in the grand peace calculation, there is little choice but to act violently. It’s a sad but true fact of life….
Lots of reporting on the new Kaiser Family Foundation analysis of what we know so far about premiums under Obamacare. It definitely looks as if there will be a mild “rate shock” — in the right direction….
What’s going on here? Partly it’s a vindication of the idea that you can make health insurance broadly affordable if you ban discrimination based on preexiting conditions while inducing healthy individuals to enter the risk pool through a combination of penalties and subsidies. But there’s an additional factor, that even supporters of the Affordable Care Act mostly missed: the extent to which, for the first time, the Act is creating a truly functioning market in nongroup insurance.
…. In an alternative universe, conservatives would be celebrating this good … But in this universe, conservatives claim that creating a real market for health insurance, and making sure that everyone can afford it, is the moral equivalent of slavery.
The House of Representatives has voted 40 times to repeal Obamacare. To mark the occasion, here’s a quick rundown of 40 ways that Obamacare is already working for millions of Americans and will impact more beginning in 2014.
1. Say goodbye to lifetime limits: Insurance companies will no longer be able to place an arbitrary cap on coverage.
2. Children can no longer be denied health insurance because of a pre-existing condition.
3. Starting in 2014, adults will no longer be denied health insurance because of a pre-existing condition.
ThinkProgress: North Carolina Hospital Will Shut Down In Six Months Because The State Won’t Expand Medicaid
On Wednesday, residents of Belhaven, North Carolina got a taste of how stubborn GOP opposition to the Affordable Care Act can affect them personally when executives at Vidant Health System unanimously voted to shut down the local Vidant Pungo Hospital within six months. Vidant officials said the move was necessary as a consequence of North Carolina’s refusal to participate in Obamacare’s optional Medicaid expansion.
Belhaven is a small town of 1,688 where more than 55 percent of the population is African-American and approximately 28 percent of residents live in poverty….
….. Obamacare reduced reimbursements to these so-called “disproportionate share hospitals” — one of which is Vidant Pungo — since the law originally intended all states to expand Medicaid for every American living up to 133 percent of the Federal Poverty Level. If things had unfolded that way, these hospitals wouldn’t need the additional government payments since their patients would finally be able to pay for their own care through Medicaid.
ThinkProgress: Washington State Is Getting Flooded With Hundreds Of Phone Calls About Signing Up For Obamacare
Obamacare’s state-level insurance marketplaces open for enrollment on October 1, and state officials are trying to get out the word about the new health care options that will be available soon. But many uninsured Americans still aren’t aware that they’ll be able to qualify for assistance to buy new plans under Obamacare, and lots of people in general remain confused about what the health law means for them. Health reform skeptics aren’t convinced that the marketplaces’ roll-out will be smooth enough to successfully reach all of those people.
If Washington State is any indication, however, some of those fears may be overblown. Washington hopes to target about one million uninsured residents with information about signing up for Obamacare. And it’s off to a relatively good start, as state officials there say that hundreds of people have contacted them this week asking for more details about the new Obamacare plans.