Blog Archives

Poll shows Obama’s proposal to raise taxes on the rich is a winning political position…

The proposal Obama has made to raise taxes on households making at least $250,000 a year was the subject of a poll by the nonpartisan Pew Research Center.

The survey found that 44% thought the tax increase would help the economy, 22% thought it would be harmful, and 24% didn’t think it would make a difference. An identical percentage, 44%, said a tax hike on better-off Americans would make the tax system fairer, while 21% said it would make the system less fair.

There is a deep partisan divide over the proposal.  Democrats, by a large margin, said the tax hike would boost the economy and make the tax system fairer. Republicans thought the opposite, though by smaller margins.

Since this has to be decided before Jan. 1st when all the Bush tax cuts disappear by law, it will be interesting when it gets Congressional attention. Odds are it won’t be until after the November election and will depend on who gets elected President.

What makes Boehner an Asshole? – II

A comment from the Ranks of the Inverted

“The proposals the president outlined tonight merit consideration. We hope he gives serious consideration to our ideas as well. It’s my hope that we can work together to end the uncertainty facing families and small businesses, and create a better environment for long-term economic growth and private-sector job creation.

John Boehner

Gee…in the speech I listened to, Obama consistently brought up ideas and proposals in his plan that originated with Republicans. This is consideration in my opinion. What Boehner and his gang consider about the President’s plan remains to be seen.

Of course, he sat there making unpleasant faces… didn’t smile once… during the speech. It was revealing to see the great orange face behind Obama during the whole speech.

How much do you want to bet that the only consideration they give Obama is on more tax cuts? That’s it.

Congress is back in session and the coming elections are influencing everything…

I watched the Senate for awhile this morning. They are working on a bill to provide more money to smaller banks to loan to small businesses so they can create more jobs. Admirable.

Except…

Republicans have gone after the issue of 1099 forms that businesses have to provide to the IRS for new purchases over $500.00 (primarily because the people they are buying a lot of their supplies from can’t be counted on to declare income), and they are doing this with the Johanns Amendment which throws out just about everything in the bill… but is really being used to disable income to the Health Care law that was passed earlier this year. The debate this morning by Senator Nelson from Florida (D) proposes another amendment that cuts out the 1099s for purchases under $5,000.00 and does not disable Health Care funding. Voting on these amendments (Johanns first) is going on now. Eventually they will get back to debating the whole bill.

…and Johanns did not get the 60 votes it needed.

The House hasn’t come back into session yet. They should be taking up the Republicans’ push to extend the Bush tax cuts for everyone and President Obama’s insistance on returning the taxes on the rich. That should be fun. We saw John Boehner’s slip(?) on the Sunday talks that if he had to he’d support the President’s proposal since it would keep the tax cuts on 98% of us who are NOT rich (income less than $250,000.00 per year). Maybe this will begin this afternoon.

____________________________

UPDATE:

The Nelson Amendment was also voted down, but the Senate moved to go into debate on the overall bill before they broke for lunch.

Did you see this piece on Elizabeth Warren in The Hill?

If Obama names Elizabeth Warren, the Democratic base erupts like a volcano and votes…

By Brent Budowsky – 09/09/10 03:06 PM ET

Within hours and possibly minutes I expect the president will name Elizabeth Warren to lead the new consumer protection agency, and if he does, the Democratic base will erupt and turn out to vote in far greater numbers than any current poll suggests.

I could be wrong; Obama might give up at the last minute, which would be the last betrayal of the Democratic base and very possibly the death knell of the Democratic House of Representatives. But if he names Warren, the pundits be will amazed, astonished and flabbergasted by the lift this would give to the Democratic base and by the voter turnout that would follow.

If Obama names Warren, consumers would have the strongest possible friend fighting for them all day, every day, at a time of major consumer rip-offs and disastrous consumer confidence that would be lifted with the Warren selection.

If Obama names Warren, veterans and military families who have endured rip-offs and abuses would have the strongest possible friend with Elizabeth Warren.

If Obama names Warren, small business would have the strongest possible ally as she champions fair treatment by small business that has been a piñata being abused by large financial institutions.

If Obama names Warren, the momentum in the campaign would shift powerfully and immediately, with a rejuvenated Democratic base excited and fighting trim, ready to roll, ready to fight, ready to erupt with support that the selection of Warren would inspire.

Warren should be nominated through a recess appointment, not a nomination that would bring a unified Republican filibuster in the tired Kabuki dance that the American people, and the progressive base, have suffered from for far too long.

Read the rest of it HERE

A Quote that we NEED from the President’s Labor Day Speech:

“Well, anyone who thinks we can move this economy forward with a few doing well at the top, hoping it’ll trickle down to working folks running faster and faster just to keep up – they just haven’t studied our history. We didn’t become the most prosperous country in the world by rewarding greed and recklessness. We didn’t come this far by letting special interests run wild. We didn’t do it by just gambling and chasing paper profits on Wall Street. We did it by producing goods we could sell; we did it with sweat and effort and innovation. We did it by investing in the people who built this country from the ground up – workers, and middle-class families, and small business owners. We did it by out-working, out-educating, and out-competing everyone else.”

– Barack Obama.

…and it’s time the Middle Class that’s left wises up and refuses to go back into the arms of the Republican Wealth Assuagers who got us into this situation!

Small Business Is The Key to Economic Recovery – Obama

Here’s the President’s weekly address:

Bernie Sanders on Health Care Reform for the Self Employed

As is my wont, I am adding Bernie’s weekly video to this site.