And the plain fact is that Obama has reiterated that the same spending and entitlement cuts he offered in 2011 are still on the table, even irking his own base in the process. — Greg Sargent, this morning That really surprised me, so I clicked the link Sargent offers, which turns out to be to […]
When it comes to the most important economic challenges facing the nation, President Obama offers soaring rhetoric. He campaigned vigorously against the decline of the middle class. He launched his new term this past week with a speech declaring widespread prosperity to be a deeply American virtue — and a threatened one. “We are true […]
* Don’t forget about the Consumer Financial Protection Bureau: Paul Krugman has the goods on a story that’s getting far too little attention: In filibustering Richard Cordray, Obama’s choice to head the consumer protection bureau, and demanding major changes to the agency, Republicans are trying to transform it into something that’s essentially unable to carry […]
Politico’s Glenn Thrush reports this morning that Republicans believe the GDP report showing the economy is shrinking gives them political “leverage” over Obama, since bad economic news is terrible for the President. But Thrush notes that this shouldn’t be the case, since the contraction was the result of spending cuts, which in theory should undermine […]
I’ve spent yesterday and this morning saying here that I suspect that Geithner played some role in persuading Obama himself to decide that the Justice Dept. should not do much to investigate whether there was criminal conduct by top execs at the big banks, the big investment banks, and the big mortgage companies–but also saying, […]
Oh, dear. I like Ezra Klein. A lot. So I’ll leave out the sarcasm–a necessity anyway, since I’ve already exhausted this week’s supply. But I do want to point out, because he’s so influential now, that Klein’s piece yesterday siding with those who thought Obama’s speech Monday should not have set forth liberal policy positions […]
I’m a political junkie, born and bred. And so the number of political opinion pieces I’ve read in my life, dating back to my teenage years (me being a child of my parents, they of the ardent liberal Democrat variety– “Oh, no, Bevy! You have to return that purse. That company is anti-union!” “Okayyy, Mom.”)–run […]
There was less wow in the address that preceded [singer Kelly] Clarkson. Obama teased the crowd with a theme of unity: “Now, more than ever, we must do these things together, as one nation and one people.” But his “we the people” theme turned out to be more of a campaign retread. “We the people […]
Today, in another step forward, the National Review calls on Republicans to take the threat of default off the table: Republicans should recognize that the prospect of default is the Democrats’ chief weapon in their campaign of avoidance. That prospect is not a source of Republican leverage in the debt-ceiling fight; it is the primary […]