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Tag Archives: obama
Oops? Obama’s Tax Compromise Might Kill Social Security
Co-Director of Social Security Works Nancy Altman explains: President Obama and the Republicans will say that the payroll tax holiday is all about stimulating the economy. But don’t be fooled. According to the Center for Budget and Policy Priorities, extending the Making Work Pay Tax Credit, is a much better, more targeted stimulus. See “Payroll Tax Holiday a Poor Stimulus Idea,” available at this link. Sixty members of the Senate are unwilling to raise taxes by 3 percent on the $250,000 and first dollar (and all those dollars earned above $250.001) of those making over $250,000 and by 1.6 percent more (for a total of 4.6 percent) on the $384,860 and first dollar {and all those dollars earned above $384,861) of … More >>
Tagged compromise, obama, social security, tax cuts
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Democrats Need a Little Perspective
Did you guys hear? Obama is a failed president who needs to be primaried in 2012 lest we lose the presidency to some reality tv star. It’s totally true, because everyone is saying it. I mean his approval rating is a paltry 48% according to Gallup. No way he can recover from that, right? Indeed, although 1983 began for Reagan with a 35% job approval rating — the worst of his administration — things started to look better.His ratings moved back above 50% by November 1983 — not only because the economy was picking up, but also in part as a result of rally effects associated with the U.S. invasion of Grenada and the terrorist explosion that killed 241 American … More >>
Tagged 2012 election, obama, polls
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Negotiating
Speaking for myself only. Ezra Klein made a really good point in his Washington Post blog the other day: On page 116 of “The Promise,” Jonathan Alter describes President Obama’s approach to the stimulus as “bad poker.” “Instead of holding his cards close, and then sweetening the pot for Republicans with tax cuts in the final negotiations, [Obama] offered nearly $300 billion in tax cuts at the front-end of the process. … It was a big bargaining chip left off the table.” Obama has since admitted as much. “It might have been better for us not to include tax cuts in the original package, let the Republicans insist on the tax cuts, and then say, O.K., you know, we’ll compromise … More >>
Tagged compromise, negotiation, obama, strategy, tactics
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How Obama Saved Free-Enterprise for the American Auto Industry
One of the true unsung accomplishments of the Obama administration: When GM was about to liquidate and fire hundreds of thousands in the middle of the worst recession since the 1930s, Obama chose to purchase their stock for $49B. Over the howl of free-market fundamentalists and disingenuous pundits shouting socialism, Obama used the government’s controlling share to force a change in management and let the free market take it’s course. There was no nationalization, there was no subsidization and the the moral-hazard question was resolved by the severe removal of ineffective managers. Today, GM has, for the first time in a decade, turned a profit. It’s expanding production and hiring new people in addition to the hundreds of thousands it … More >>
Tagged auto, economics, GM, obama
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Well Done, Mr. President!
I was planning to write a post about how we should implore President Obama to veto H.R. 3808, which would have made it more difficult for homeowners to challenge fraudulent foreclosures. Well, the President beat me to the punch: Today, the White House announced that President Obama will not sign H.R. 3808, the Interstate Recognition of Notarizations Act of 2010, and will return the bill to the House of Representatives. [...] As the President has made clear, consumer financial protections are incredibly important, and he has made this one of his top priorities, including signing into law the strongest consumer protections in history in the Wall Street Reform and Consumer Protection Act. That is why we need to think through … More >>
Tagged banks, foreclosures, obama
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Democrats – Change That Matters
The history of America is a history of change. The history of Democrats is the history of change that matters for America.
Tagged Democrats, obama
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