Tag: obama

Frankly, half of [the automatic cuts] is aimed at national security. Leon Panetta, our Secretary of Defense says that will hollow out our defense. So number one I would be committed to keeping the $1.2 [trillion in automatic cuts]. We’ve got 13 months to find a smarter way to do it.

Jeb Hensarling, (R, TX) GOP chair of the “Super-committee” reassuring everyone that the automatic cuts scheduled by the all but inevitable failure of the “Super-committee” will, in fact, be coming out of Medicaid, Social Security, and Medicare. The latter two are the only places left to get this kind of money, assuming the non-military discretionary budget isn’t simply zeroed. Medicaid will be included simply out of spite.
Anyone bothered by this funding structure can (and will) kindly go die in the streets.
But Obama sure uses a lot of drones!!!! Drones, everyone, DRONES!!! Must vote for Ron Paul or other meaningless candidate because there’s no moral imperative at all implicit in keeping a social safety net in place for millions by keeping the semi-sane in charge of at least some part of the government post-2012.
Source: tpmdc.talkingpointsmemo.com

the current hand wringing about the administration’s pledge [not to raise sub-$250k tax rates] feels like a distraction…especially given that we could achieve medium term sustainability without going there.

Jared Bernstein agrees that we can achieve neutral debt/GDP ratios without savaging middle class rates. Serious People sure love to wring hands. It’s as though they have a vested interest in the tax rates of the trans-$250k class. Oh, right.

On the domestic side, both Democrats and Republicans have really made it very difficult for the president to be anything like a chief executive. This has led to a kind of frustration.

Bill Daley, White House Chief of Staff. This is why they fail.
Anyone, and I mean anyone who holds this opinion, much less speaks of it to a journalist of any stripe, should resign immediately or have been fired long ago. You think this is frustrating Bill? You think “your” side is equally to blame? Then go the fuck home. You are part of the problem and we’ll get nothing truly worthwhile done until everyone who thinks like you has long since left the scene.
Source: tnr.com

In the coming days we will force members of Congress to vote on the individual proposals in the American Jobs Act. They’ll have a chance to vote on whether they believe we should keep teachers out of work or whether we should put them back in the classroom where they belong. They’ll get to vote on whether they believe construction workers should stay unemployed while our roads and bridges fall apart, or whether we should put these men and women back to work rebuilding America. They’ll be forced to decide whether we should cut taxes for middle class Americans or let them go up next year.

Barack Obama talks tough. Finally. Imagine if we’d had this guy (and every other Democrat) out there saying words like these starting on January 21, 2009 and then continuing to say them every day since, each and every time a microphone turned on. The economic and legislative situation might well be very much the same, but the political situation would be very different indeed.

I know that admitting that Barack Obama is already the candidate of centrists’ dreams would be awkward, would make it hard to adopt the stance that both sides are equally at fault. But that is the truth.

Paul Krugman, commenting on the seemingly eternal font of “what we need is a mystical centrist third party to fix everything” pieces from the MSM.
What we have now is a right wing party, the GOP, and a center-right wing party, The Democrat. Obama ran as and is governing as a center-right technocrat… and still can’t get much done in the face of blanket GOP opposition.
Sadly, admitting to or even obliquely referencing this reality is an unforgivable heresy and likely as not to get you run out of Serious Person circles forever.
Source: The New York Times

…if you tax achievement, some of the achievers are going to pack it in. Again, let’s take me. My corporations employ scores of people. They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50 percent, which is very possible, I don’t know how much longer I’m going to do this. I like my job but there comes a point when taxation becomes oppressive.

Bill O’Reilly, considering his future employment options in some Obama-wrought hellscape. 50% top tax rate it is, then.
PS, Bill: Wikipedia has a fascinating entry on just how it is that marginal tax rates work. Surely a man with your tremendous job-creation skill-set (one that has led to the employment of four score and seven employees) can read and understand this. So you know: not actually half your income. Even if it happened. Which it won’t, since it’s a figure (like most you employ) that you pulled out of a falafel.
Source: mediamatters.org

It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. Anybody who says we can’t change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. They should have to defend that unfairness — explain why somebody who’s making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying more than that — paying a higher rate. They ought to have to answer for it. And if they’re pledged to keep that kind of unfairness in place, they should remember, the last time I checked the only pledge that really matters is the pledge we take to uphold the Constitution.

President Barack Obama, showing a little fight. It is very late in the game for them to start in on this (frankly, this sort of thing should have been said on January 20, 2009), but it should prove utterly devastating. If (and because it’s a big if) IF they stick to it. For decades. Win or lose. Year after year after poisonous year. Because that is what it is going to take. Repeating this every time a microphone is turned on. Every time.

Don’t mince words, Tim

Newish TNR man Timothy Noah weighs in on Politico, White House Chief of Staff Bill Daley, Obama, and reporting in general (emphasis in original):

The main problem with the Politico piece is that its central example is Daley’s mishandling of the scheduling of Obama’s jobs bill speech. Obama wanted to give it in the House of Representatives on a Wednesday and Boehner said no dice, you have to give it on a Thursday. This somehow became a two-day story and a referendum on Obama’s impotence and the House Republicans’ incivility. I don’t care about how Daley handled this trivial scheduling conflict. I care about how Daley advised Obama during the disastrously drawn-out debt-ceiling negotiations, in which Obama really did look impotent and the House Republicans looked not merely uncivil but bent on destroying the economy. But Politico has nothing on that except a passing reference to Daley cutting Senate leaders out of the loop during the negotiations. Senate Majority Leader Harry Reid apparently called Obama to complain that Daley keeps him in the dark. That’s interesting.

This simply isn’t done. In one short paragraph, we have Noah pointing out the vacuity of a competitor, sure, but to me this reads as broader indictment of the Beltway style of political “reporting” in general. Noah actually seems aware of objective reality, makes not one “pox on both their houses” hedge, and points out a real point of contention between a Democratic power center (Reid) and the White House, all while noting that none of this gets covered in the “who won the day” obsessed political press and what does get mentioned is not only often plainly wrong but in a different zip code than anything approaching reality. More please.

(h/t Jason Zengerle)

Don’t mince words, Tim

State of the Art

John Cole at Balloon Juice officially wins blogging for the week:

In the long term, assuming [some version of an Obama jobs] plan gets through the House (it won’t), then we get to go through our usual drama of the blue dogs from Red States (Manchin, Nelson, Landrieu, McCaskill, etc.), Lieberman just so he can continue to be the world’s preeminent douchenozzle, and some others I am sure I am missing. They’ll cockblock it on the Senate side, moaning about the program being a deficit buster while conveniently ignoring the fact that each one of them represents a welfare state sucking at the federal teat. Finally, at the 11th hour, Snowe and Collins will swoop in and offer tax cuts for the ultra-rich as a sweetener and they will support it. At this point, Bernie Sanders or whatever progressive hero of the moment will claim he can’t support anything with tax cuts for the rich in it. This will bring things to a standstill for a couple more weeks until another shitty jobs report comes out, and the Senate, acting in the fierce urgency of when-the-fuck-ever will pass some piece of shit that is too small, unfocussed, and does nothing other than provide the left with another opportunity to fracture and start flinging shit at each other. Republicans will have spent the entire time using procedural tricks to slow things down while having Frank Luntz work on the framing of the issue so that by the time it is about to hit the President’s desk, they will already have a cute name, the talking points will be distributed, and we’ll all be hearing about the new “Porkulus” or “Obamacare” or whatever the fuck childish name they come up with. In three months time, when employment hasn’t picked up because we are actually in the same god damned depression we’ve been in since 2007, Rick Perry can claim that Keynesian ideology has once again been disproven. Because everyone hates the bill, Friedman, Brooks, and other members of the Centrist jihad will claim this as proof that the bill is great.

Read the whole thing.

State of the Art

Job Killing Deregulation

Dean Baker, once again, pointing out an inconvenient truth:

… a study by Charles Rivers Associates suggests that the main impact of the regulation would be to hasten the replacement of old polluting power plants. This could help to create jobs in the private sector in the next few years, a period in which all projections show that the economy will still be suffering from substantial unemployment.

In other words, if Obama was interested in an action that he could take unilaterally that would create jobs, supporting the EPA on the ozone restrictions probably would have topped the list. In nixing the regulation, Obama went the job killing route.

This is precisely the sort of thing that happens when you adopt the framing of your opponent. You end up painted into a political corner, rhetorically speaking, and pretty soon it seems reasonable and even advantageous to make boneheaded moves like this one that are not only economically counterproductive, but work to dishearten your supporters and embolden those of your opponents. Well played, Democrat.

Job Killing Deregulation