Thursday ReadsPosted: September 1, 2011 Filed under: Economy, jobs, morning reads, Team Obama, U.S. Economy, U.S. Politics, unemployment | Tags: Barack Obama, baseball, Chris Christie, Congress, Eric Cantor, FEMA, Herbert Hoover, Jay Carney, John Boehner, Jon Huntsman, New Jersey, Red Sox, speeches, Tropical Storm Katia, Vermont flooding, Yankees 35 Comments
Good Morning! So President Obama has set off another big battle in Washington by asking to give his highly touted jobs speech before a joint session of Congress next Wednesday–at the same time as the next Republican debate. For a guy who keeps harping on “bipartisanship,” you have to wonder why he did that. Maybe he’s trying to distract everyone from the fact that he has no new ideas about jobs? From Politico:
A presidential address to a joint session of Congress is usually one of Washington’s more dignified and predictable events — but President Barack Obama’s request to deliver a Sept. 7 speech quickly devolved into just another partisan pie fight.
Oval Office requests for a prime-time slot in the well of the House — whatever the motivation, topic or tenor of the times — are traditionally approved on a more or less pro forma basis. In fact, the official historian for the House of Representatives told reporters Wednesday that no such request has ever been publicly rejected.
But this is 2012 Washington, where the comforting little courtesies and old-shoe rituals that once kept bickering Democrats and Republicans from immobilizing the republic have been chucked in the constant quest for news-cycle leverage.
So Speaker Boehner told the President to move his speech to Thursday, and even on this, Obama caved. The speech will now be on Thursday. But why does the speech need to be given before a joint session of Congress anyway? Why does there even need to be a speech? Just DO something for Pete’s sake! All I can say is the White House gang had better come up with some startling ideas, or Obama is going to look incredibly lame. More talk about free trade agreements, patent reform, and extending the payroll tax holiday simply won’t cut it.
Chris Cilizza at the WaPo, discusses the likelihood that the WH scheduling was just a coincidence, as press secretary Jay Carney initially claimed.
when the White House announced today that President Obama would deliver his much-anticipated jobs speech on Sept. 7 at 8 pm— the exact same day and time that the 2012 Republican candidates are scheduled to debate in California — the idea that the timing was purely coincidental was, well, far-fetched.
Opinions varied on whether this was a good idea or not.
Some applauded the move as a sign of much-needed aggression from the White House “Whether intentional or not it sends a signal that the president and White House are coming out of their corner between rounds fists up, on their toes and ready to fight,” said Democratic strategist Chris Lehane.
But there were others within the party who worried that the White House’s scheduling gambit might backfire.
“It’s a bad idea [and] seems a little small,” said one Democratic consultant granted anonymity to speak candidly. “And it suggests perhaps his jobs plan wont be that appealing because now the coverage will be about the strategy and not the substance.”
Another senior Democratic operative suggested that scheduling the speech simultaneously with the GOP debate actually would muddy rather than clarify the contrast the White House is hoping for heading into 2012.
But none of this really matters now that Obama has caved to the Republicans, as usual; and now he has to compete with the opening of the NFL season.
Republican presidential candidate Jon Huntsman has released his economic plan, and it’s a doozy. He want to reduce the marginal tax rate to 23 percent, giving the richest Americans the lowest tax rate since the Hoover administration. And how does he propose to pay for this? Here’s how.
Huntsman says he will pay for this supply-side bonanza by eliminating all so-called “tax expenditures.”…. Huntsman either hasn’t thought through — or doesn’t want people to know — what eliminating all tax expenditures would actually mean. So let’s take a look at the official tax expenditure list and see what would happen if we got rid of all of them:
– All Social Security benefits would become taxable. Senior citizens that currently receive the average Social Security benefit as their primary income source (as is the case for most seniors) currently pay no income taxes on those benefits, but would under Huntsman’s plan.
– Many middle-class parents would lose child tax credits and tax benefits for education and child care that are more valuable to them than a tax rate cut.
– Huntsman’s tax plan would also eliminate the employer health insurance exclusion, which helps enable some 160 million Americans get coverage through their jobs.
– One of the most successful pro-work, anti-poverty initiatives, the Earned Income Tax Credit, would be abolished.
– Veterans pensions and disability benefits would become subject to tax, as would all military combat pay, military housing allowances and meals, workers compensation payments, public assistance benefits, and state foster care payments.
This is just a partial list of the harsh and/or bizarre consequences that would occur if all tax expenditures were eliminated to fund a huge giveaway to the very rich.
In line with this latest Republican proposal to screw the poor and the elderly, on Tuesday, the New York Times editorial page took note of “the new resentment of the poor.”
In a decade of frenzied tax-cutting for the rich, the Republican Party just happened to lower tax rates for the poor, as well. Now several of the party’s most prominent presidential candidates and lawmakers want to correct that oversight and raise taxes on the poor and the working class, while protecting the rich, of course.
These Republican leaders, who think nothing of widening tax loopholes for corporations and multimillion-dollar estates, are offended by the idea that people making less than $40,000 might benefit from the progressive tax code. They are infuriated by the earned income tax credit (the pride of Ronald Reagan), which has become the biggest and most effective antipoverty program by giving working families thousands of dollars a year in tax refunds. They scoff at continuing President Obama’s payroll tax cut, which is tilted toward low- and middle-income workers and expires in December.
Until fairly recently, Republicans, at least, have been fairly consistent in their position that tax cuts should benefit everyone. Though the Bush tax cuts were primarily for the rich, they did lower rates for almost all taxpayers, providing a veneer of egalitarianism. Then the recession pushed down incomes severely, many below the minimum income tax level, and the stimulus act lowered that level further with new tax cuts. The number of families not paying income tax has risen from about 30 percent before the recession to about half, and, suddenly, Republicans have a new tool to stoke class resentment.
Speaking of cold-hearted Republicans, you’ve probably heard about Eric Cantor’s demand that any Federal help given to those hit by Hurricane Irene must be offset by cuts in other areas. Unfortunately for Cantor, he was singing another tune in 2004 when his state, Virginia, needed help.
Not only that but suddenly one of the new Republican stars is in need of help and doesn’t want to worry about debt and deficits and cutting government. He wants help for his state right now.
New Jersey Gov. Chris Christie reacted angrily to a fight brewing in Washington over whether Hurricane Irene disaster aid may need to be offset by federal spending cuts.
“Our people are suffering now, and they need support now. And they [Congress] can all go down there and get back to work and figure out budget cuts later,” the Republican governor told a crowd in the flood-ravaged North Jersey town of Lincoln Park.
Christie said no such discussion was held when help went to Joplin, Mo., where a deadly May tornado damaged 7,500 homes.
“We need the support now here in New Jersey, and that’s not a Republican or a Democratic issue,” Christie said, according to NorthJersey.com
Another hurricane could be on the way. Tropical Storm Katia may be a Hurricane soon. It looks like this one may hit the Gulf coast, and quite a few oil workers are already being evacuated.
The Miami-based center said Katia was forecast to become a “major” hurricane with winds over 111 mph (178 kph) on Sunday, but it was still too early to tell whether it would threaten land.
At 5 p.m. (2100 GMT), Katia was about 1,285 miles (2.070 km) east of the Caribbean’s Leeward Islands. It was moving rapidly west-northwest and was forecast to turn northwest in a couple of days on a course that would keep it away from the Caribbean islands.
Of course it’s too soon to know for sure what will happen, but maybe Mayor Bloomberg should get busy preparing another evacuation plan.
Meanwhile, things are still really bad in Vermont.
Federal and state environmental teams on Wednesday investigated the extent of health risks related to damaged sewage and water treatment plants in more than a dozen Vermont towns where flash flooding has left thousands of people without electricity or potable water since Sunday.
Engineers from the federal Environmental Protection Agency and the state’s Department of Environmental Conservation visited several areas that had been cut off to assess the hazards, officials said. The teams were trying to determine the extent of damage to sewage and water plants in at least 13 towns, including chemical and other hazardous material spills and leaks, said Justin Johnson, deputy commissioner of the environmental department….
The Vermont National Guard continued to airlift supplies to residents in 13 towns stranded by washed out roadways, damaged bridges, fallen trees and mud. A helicopter from the Illinois National Guard joined the relief effort on Wednesday, helping distribute supplies, said Mark Bosma, a spokesman for Vermont Emergency Management.
By Wednesday night, crews had completed makeshift roads into all of the isolated towns, state officials said. They reached the last, Wardsboro, population 850, in south central Vermont, just before 6 p.m.
In a bit of good news, the Red Sox beat the Yankees last night, 9-5, and the Sox are now in first place by 1-1/2 games.
That’s all I’ve got for today. What are you reading and blogging about?