Tampilkan postingan dengan label tax cuts. Tampilkan semua postingan
Tampilkan postingan dengan label tax cuts. Tampilkan semua postingan

Selasa, 24 Januari 2012

"We can do this": Not really live-blogging SOTU 2012


And so it begins...

I have no intention of really live-blogging President Obama's address night. I'm just going to sit here, drink my Traquair Jacobite Ale from Innerleithen, Scotland (a strong beer flavored with coriander), and comment at random on a variety of things, some of them having to do with the SOTU.

No Americans fighting in Iraq in nine years. And Osama bin Laden is "not a threat to this country." True on the first point, not so much on the second. Osama is still powerful, even (or especially) in death. But I get the point. Obama has ended an unpopular war but is anything but a pacifist. He's a militarist, too, and he got the baddest of the bad guys. Trump that, Mitt! -- or... Newt?!

What theater, though. How fitting that the SOTU is on the same day as the Oscar nominations. (I know, the Tonys are theater. But you get the point.)

"What's at stake are not Democratic values or Republican values, but American values. We must reclaim them." Ah, Obama the non-partisan. But a good case to make in a speech that, let's face it, is more or less the opening salvo of Campaign 2012 for Obama. You'll have to find the partisanship between the lines, it seems.

The president is making the case for recovery: businesses are hiring, jobs are coming back, new rules are in place to prevent shit from happening. Fantastic. "I will not return to the policies that brought about this crisis in the first place." Something like that. I just wish I had full confidence in his sincerity. He's done too much for Wall Street for me to believe that he means it -- or, rather, that he'll back up what he means with action, and lasting change.

Well, we heard this before the speech... Osama is dead, GM is alive and kicking. He just made the second point. "The American automotive industry is back." (The quotes may be slightly off, by the way. I'm doing the best I can.)

Message to Americans: Your manufacturing base is not coming back. Sorry. It may get better, and there's certainly an opportunity for innovation to improve domestic manufacturing, but the world has changed -- and it's not changing back. Just ask Apple. Billions and billions of dollars in earnings and cash, but where does it make its iconic "American" products? But, sure, go ahead and try to deal with outsourcing and stop companies from avoiding taxes.

Ah, corporate tax cuts. Of course. What else is new?

Oooh, Eric Cantor looks pissed. Is it because Obama didn't show up with a hammer and sickle?

Don't get me wrong. Policy-wise, I'm for most of this. It's fine. And certainly preferable to what the GOP has to offer. But it's all quite delusional nonetheless. Because, of course, if you tell the truth in American politics, you're doomed. Just ask Jimmy Carter.

"Americans will always win." If there are fair trading practices. Like I said: delusional.

Education... something something something... teachers... something something something... Seriously, it's all good. Though Boner -- sorry, Boehner -- looks unimpressed. I guess he doesn't think kids should stay in school.

Okay, there's no point following this. It's all about speaking points, issue after issue. It's about how the speech will be reported in the media: President Obama said a, b, c, d, etc. I just say, though, there's not a lot that's terribly compelling in this speech so far. He's moving from issue to issue, avoiding partisanship, offering some delusional/aspirational goals, along with a few concrete policy proposals, but that's about it. "We should be working on comprehensive immigration reform now." Okay, but how? And do you really think Congress will be sending you any sort of meaningful reform package anytime soon? Of course not. It's just about hitting the right notes. Like... equal pay for women! Well, fine. Who's against that... other than the Republicans? "Expand tax relief to small businesses." Great. And?

Sorry, I don't mean to be so negative. I know he's doing what he has to do. It's all part of the theater of the SOTU. And I know that leadership requires the communication of such aspirational goals. But I'm not sure what the unifying theme of this speech is. What philosophy, if you will, is driving the president? Or if not philosophy, what vision? Maybe it's coming when/if he ties it all up.

Forget the laundry list of policy proposals for a moment. What is this speech about? Honestly, I'm not sure.

Sullivan, who's live-blogging tonight, of course:

And now a Santorum-style focus on manufacturing -- and the same old abuse of the tax code to influence the economy. This is industrial policy, based on populism. It isn't unleashing the free market through tax reform. It's a throwback to paleo-liberalism. Tax breaks and subsidies to keep jobs at home. It's spitting in the wind of the global economy -- and it fails to grasp government's proper role. Workers here will never be cost-competitive with the Chinese. This is fantasy -- and cheap populism.

I have a different view of "government's proper role" than Andrew does -- I think it should have an activist role to try to rectify capitalism's injustices -- but I tend to agree with this. What we're hearing tonight is populist nationalism. Maybe that's the theme, the vision, the "philosophy." 

And, yes, it's all quite "vapid" (while making the tax code more and more complicated).

More Sullivan:

This speech is beginning to make Bill Clintons' look like clear and visionary. But people loved Clinton's long laundry list of micro-policies. I think this is the worst SOTU Obama has given. But maybe it will work. It sure seems like it has been put through a software program to pander to various industries.

I agree it's the worst, trying to think back to the others (through the haze of this ale). It just seems overly processed, as if lines were approved by focus groups and then glued together.

But who can object to "a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans." Republicans, of course! Once more, I hope he's serious and actually follows through on this. It might help if his presidency weren't sponsored by Goldman Sachs.

Uh-oh, now he's going after millionaires. Class warfare! That's what we'll hear from Romney et al. What we're hearing is that the Republican response will be all about how "divisive" this speech was. As if it's divisive to say that millionaires should pay their fair share of taxes. But that's how Republicans think -- they have no interest in requiring the rich, and especially the super-rich, to sacrifice anything at all, even for the common good.

On foreign policy, especially with respect to the Middle East... again, it's not that I disagree with what he's saying, it's that there's no unifying theme to what he's saying. No argument. No unifying vision. He'll stand up for human dignity... but he'll do everything he can to stop Iran from building nuclear weapons? He may not mean it, but... what... he's still got military action on the table? Military cooperation with Israel -- that got a standing ovation -- hoo-wah! Again, what exactly is Obama's thinking on foreign policy, on America's place and role in the world? Or is it all ad hoc, while sucking up to popularity?

"America is back!" Sure, back from where it was under Bush, but what does that mean? "America is the one indispensable nation..." On behalf of every other country in the world: Screw you, America. Seriously, do we need this sort of jingoism, cloaked as it may be in Obama's liberalism?

Would the world be a significantly worse place without America? Think about it.

And now: the military. De rigueur, of course. (And I'm generally fine with it. Not every U.S. serviceman urinates on corpses. Most of them are honorable men and women. What I object to is Obama's militarism, and, make no mistake, he's a militarist. Maybe not as reckless a militarist as his predecessor, but still one nonetheless. He'd do a lot better if he thought less that the military was the solution and considered other alternatives to the establishment of peace.)

Maybe now we'll get some genuine passion: the mission to get Osama. Oh, please. America is like that Navy Seals unit? That unit is a microcosm of America? "There is no challenge too great, there is no mission too hard..." Uplifting rhetoric, I suppose, but a bit forced, no?

"The state of our union will always be strong." Wait, did he say at any point that it is strong? I mean, I wasn't going to watch because of course we all know the state of the union is awesome. What else was there to say? But I wonder.

Anyway, now I have to stop watching. However mediocre the speech, it's the post-speech punditry that is truly horrendous, and it will be no different tonight.

Here's a final word from Sullivan:

This notion that a country, a democracy, should have the same attitude as troops fighting a war is preposterous and slightly creepy. Yes, we should put aside our differences to get important things done, put aside ideology to focus on solving problems. But we are not a military and the president is not our commander. He is our president. We have every right to argue with one another and to distrust one another at times. The whole idea of getting each others' backs in a boisterous democracy is deeply undemocratic. I do not want to be a citizen trained like a member of the Navy SEALs. Nor should anyone. This isn't Sparta. It's America. And to use the raid on bin Laden as the model of our future cooperation struck me as too easy and trite an analogy.

Yup.

Look, who knows, this speech might have been fine. Gergen just called it "politically shrewd." And that's pretty much as CW as it gets. But it wasn't a powerful speech at all, despite what super-partisan Begala is saying, and while he may have done a lot tonight to reach out to independents, he'll have to do a lot more on the campaign trail to energize those of us who consider ourselves members of his, and his party's base.

Have a good night, everyone.

**********

Okay, just a couple of comments on Mitch Daniels's GOP response:

Not much red meat for the base, but it's got its share of ridiculous partisan points: For example, Obama's "constant disparagement" of business? Really? In what world is this true? How is it anti-business to save Wall Street and the auto industry?

And he praises Steve Jobs as a job creator? What, for creating low-paying jobs in China? Please. I realize this guy is more reasonable than most in his party, but his absolute faith in the private sector (and claim that Obama and Democrats are anti-market and don't trust/believe in the American people) is far more delusional by far than anything Obama said tonight about populist nationalism. In fact, much of what he's saying is just blatantly dishonest.

Ah, there it is: Obama the divider. Please. What a bunch of fucking bullshit. Credit Daniels for saying the rich shouldn't have tax advantages, but otherwise this is just your typical old-school Republican nonsense. Just less crazy, and less crazily put, than what we normally hear from Republicans, Mitt and Newt included.

And now... good night.

Kamis, 22 Desember 2011

Democrats Republicans cave on payroll tax cut extension


Wait... what? The Republicans caved? Not the Democrats?


Then again, this one would have been hard even for the Dems to lose. Even after caving on the spending bill to keep the government running, they didn't back down when House Republicans demanded unacceptable offsets for a one-year extension of the payroll tax cut, Senate Republicans were already on board for a two-month extension, the extremists in the House were being challenged by members of their own party, like John McCain and Scott Brown, and, in the end, House Republicans faced a simple choice: support a highly popular tax cut or oppose it. Even for this radical bunch of partisan ideologues, the demands of immediate political calculation triumphed.

And it's not just the payroll tax cut, it's unemployment insurance and reimbursement rates for Medicare physicians. Sure, it's just short-term, there will be a go-nowhere conference committee to try to work out the details of a full-year extension, and there will be many more opportunities to cave, but, for the Dems: win, win, win.

What a nice Christmas present. And what a refreshing change.

Oh... so long, John Boehner. You're the biggest loser here.

Selasa, 20 Desember 2011

Smartest Republican of the Day: Scott Brown




Fighting for reelection in deep-blue Massachusetts, GOP Sen. Scott Brown ripped into House Republicans on Tuesday after Speaker John Boehner vowed that his caucus would reject the short-term payroll tax cut extension that nearly 90 percent of senators voted for over the weekend.

"The House Republicans' plan to scuttle the deal to help middle-class families is irresponsible and wrong," Brown said in a statement.

Well, he's right. And I'm sure political self-preservation has nothing to do with it.

A vulnerable freshman, Brown has been running to his left as he prepares for a tough challenge next year from Elizabeth Warren, the presumptive Democratic nominee. While Brown lauded House GOP efforts to secure a full-year extension of the payroll tax cut, he said the two-month Senate compromise would avoid tax hikes for millions of Americans at year's end, when the tax cut expires.


"The refusal to compromise now threatens to increase taxes on hard-working Americans and stop unemployment benefits for those out of work," Brown said. "During this time of divided government, both parties need to be reasonable and come to the negotiating table in good faith. We cannot allow rigid partisan ideology and unwillingness to compromise stand in the way of working together for the good of the American people."

Hey, give him some (but not much) credit, he's smart enough to know what works in Massachusetts -- and throughout much of the rest of the country. Which is to say, he's smart enough to know that being a Republican is toxic, with so many of his fellow Republicans looking completely insane, particularly when the Democrats stand firm on a popular issue and back the GOP into a corner.

(But will the White House cave once again?)

Jumat, 16 Desember 2011

Democrats capitulate to Republican demands, Congress averts government shutdown


Last night, Congress reached a deal on a massive spending bill that will, among other things, keep the federal government running:

Retreating from their harsh partisan sniping, and perhaps fearing public rebuke, Congressional leaders said Thursday that they had agreed on a large-scale spending measure to keep the government running for the next nine months.

But an accord on extending a payroll tax holiday set to expire at the end of the month remained elusive, with Democrats weighing a possible short-term extension, setting the stage for another fight with Republicans over how to pay for it.  

And there's the problem, or at least the most glaring problem.

President Obama and (presumably) Democrats on Capitol Hill wanted to offset the extension of the payroll tax holiday, which would benefit 160 million workers, by imposing a surtax on income over $1 million, that is, on millionaires. Republicans love tax cuts but, plutocrats that they are, opposed any such tax increase on the wealthy. (Their priority is tax cuts for the wealthy, not tax cuts for everyone else.)

Instead of fighting for the tax cuts for 160 million people, though, Democrats capitulated, taking the surtax off the table and thereby giving up their main bargaining chip.

The spending bill will go through, but, needless to say, the payroll tax holiday battle will continue, with the GOP now holding the upper hand. Democrats are reportedly "considering a plan that would find savings in other ways, including fees on the federal housing finance agencies, and could seek to end certain deductions and other tax benefits for millionaires," but, with Democrats committed to the payroll tax holiday extension, it looks like Republicans will be able to get what they want out of this: not a surtax on millionaires and nothing else that would in any way increase the tax "burden" on millionaires but spending cuts of some kind.

How the hell did this happen? Over to you, Charles Pierce:

Oh, they have made a day of it. First, the pillars of Jell-O in the Senate roll over on the itty-bitty surtax they wanted to lay on the plutocrats to pay for a payroll tax cut for the rest of us. Then, the president announces that he's not going to veto after all the bill in which 400 years of Western jurisprudence is pretty much torn to ribbons and tossed to the wind, albeit slightly less deeply into the wind than the original monstrosity would have liked. And, finally, Ron Wyden of Oregon steps forward to give cover to zombie-eyed granny-starver Paul Ryan's latest attempt to "reform" Medicare in the same way that Arthur (Bomber) Harris "reformed" the building codes in Dresden. It's a Very Special Holiday Episode of the long-running hit comedy, Ah, Who Gives a Fk Anyway?

This is an outrage. This is borderline sociopathic. This is so gloriously suicidal that I keep waiting for an angel to come down from heaven to show David Plouffe and Harry Reid what Washington would be like if they'd never been born.

**********

It cannot be emphasized enough. Of the three issues under discussion, the polling data on two of them simply could not be clearer. The American people want taxes raised on the very wealthiest among us, and the American people do not want Paul Ryan's clammy hands anywhere near the Medicare program. Public opinion is (distressingly) ambivalent on the detainee provisions, but it's not overly popular with the people who have to implement it, and it has retired Marine generals throwing bricks at it, and, dammit, the president taught constitutional law, or so we are told repeatedly.

None of these "compromises" will solve a single one of the country's critical problems. None of these "compromises" will create a single job. All they will do is toss away almost every one of the major political advantages the Democratic party has going into the 2012 elections. My god, six months ago, Paul Ryan was a squawking albatross around his party's neck. (Remember how he said he'd "given up fear for Lent," and then proceeded to start charging people a fee to come to his town meetings, and setting the cops on constituents who showed up at his office while he was on vacation? Ah, thim was the days.) The "Ryan Plan" was well on its way to being an anchor. Now, thanks to the Democrats, and to a preposterously compliant elite political press, Ryan's rehabilitation is nearly complete. Nice work, fellas.

Here's a tip, gang: The American people are not angry at government because people yell at each other and nothing ever gets done. The American people are angry because people yell at each other and nothing the American people really want ever gets done. They want higher taxes on billionaires. They want Medicare kept out of the hands of the vandals. If they think about it a little, they even like their jurisprudence with a little habeas corpus sprinkled on top. Instead, they get endless platitudes, and the steady, futile placating of an insatiable political opposition.

Yes, well done. (And brilliantly put, Mr. Pierce.) Democrats willingly relinquish the advantage, to the extent they ever really had it, on winning issues (both in policy and electoral terms), and, while the government stays open, we end up with a convoluted appropriations bill that is heavily Republican.

Yeah, Merry fucking Christmas.

**********

I'm with my friend Libby on this: "I understand the need for pragmatic compromise. But this isn't compromise, it's the same devious cave-in to placate the plutocrats. It's not only spineless, it's stupid. I'm really sick of stupid."

Unfortunately, stupid is all we've got.