ACCORDING TO Bloomberg, though this nomination has been widely expected. Lew comes from the Clinton era economic wing that prominently featured Robert Reich. President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said. Lew, [...]
Tag Archives | Tim Geithner
Who Will Get Last Fiscal Laugh?
”Right now, the only thing preventing us from reaching a deal that averts the fiscal cliff and avoids a tax hike on 98 percent of Americans is the refusal of Congressional Republicans to ask the very wealthiest individuals to pay higher tax rates. The President has already signed into law over $1 trillion in spending [...]
Chuck Schumer: Dump Simpson Bowles, It’s a “Tax Trap”
MUSIC TO my ears when Sen. Chuck Schumer’s speech started circulating. Schumer was talking about something Jared Bernstein has warned about too. The highlighted section from Sen. Schumer is the most important. “If upfront rate cuts are the starting point for negotiations on tax reform, it will box us in on what else we can [...]
Mitt Romney Should Challenge Obama on the Payroll Tax Cut that Tim Geithner Wants on Chopping Block
Independent analysts say that the expiration of the tax cut could shave as much as a percentage point off economic output in 2013, and cost the economy as many as one million jobs. That is because the typical American family had $1,000 in additional income from the lower tax. [New York Times] YOU HAVE TO [...]
The First NEWSROOM Award Goes to Chris Hayes
Ep. 3: Preview The “award” I’m about to give is a nod to HBO’s new series created by Aaron Sorkin, “Newsroom,” and the idealist notion in the 24/7 media orgasma era that ratings don’t have to drive content. What you’re about to read is the story of a nation rotting due to the inability to [...]
German Voters Reject Conservative Austerity, But Will America?
WILL AMERICANS embrace austerity through Mitt Romney’s candidacy and his advocacy for Paul Ryan’s budget, just as Europe is turning away from austerity after having learned it doesn’t work? It’s the 2012 $64,000 question. Merkel’s loss comes in the wake of socialist and anti-austerity candidate François Hollande’s victory in France, with the American presidential election [...]
The Cutter Memo on Mitt and Bain
Politico highlights the Obama team’s memo hitting Mitt Romney on Bain Capital, which was always going to be their front line offense. What’s going to be good for the Obama team to exploit has, however, backfired badly on Newt Gingrich. After being lambasted by every Republican from McCain and Huckabee, to Rudy and Rush, as [...]
The Recess Appointment that Should Have Been Elizabeth Warren
Elizabeth Warren explains above, back in 2010, what the consumer bureau she envisioned will do. Considering Pres. Obama was forced to make a recess appointment in the end anyway, everyone should realize that it just as easily could have been Elizabeth Warren. There’s simply no other analysis that’s relevant today or more fully reveals Pres. [...]
The Party’s Over
There’s a reason Obama reelect doesn’t have a slogan. All they’ve got is a question: Are you in? Symbolic of this problem is what happened to Elizabeth Warren when her rise was met by Tim Geithner’s foot, and why Ron Suskind’s book Confidence Men made the Administration queasy. It’s seen in Wall Street firms earning [...]
Steve Rattner Reveals Obama Administration’s View of Elizabeth Warrren
Going back to 2006, my opinion of Steve Rattner is on the record (cross-posted at Huffington Post at the time), because he’s part of the problem with the Democratic Party. He was a Lieberman Democrat as well. Rattner’s also a big favorite of the “Morning Joe” team. Today Mr. Rattner channeled what I believe is [...]
Obama’s Fight for Cordray Missing for Elizabeth Warren
“But the bottom line is that we are going to stay here as long as it takes to make sure that the American people’s taxes do not go up on January 1st.” – Pres. Obama The quote above is a brilliant political tactic and rhetorical broadside from Pres. Obama. It comes on a day when [...]
OWS: The Connections are Wide and Deep
The video above is of Sgt. Shamar Thomas. It went viral and now has over 2 million hits. After Scott Olsen’s assault, it seems even more relevant. Interestingly, Olsen is reportedly from Wisconsin, the state that Gov. Scott Walker ignited with his anti-democratic view of economic equality. As a reminder, Pres. Obama and the Democrats [...]
Occupy gears up for 15 October global day of action
Joyce L. Arnold, Liberally Independent, Queer Talk, equality activist, writer No one knows if or when NYC might decide to try to use cleaning Zuccotti Park, or as OWS has renamed it, Liberty Plaza, as a way to end, or at least curtail and contain, the Occupy movement. After celebrating last night’s win, OWS turned [...]
New Book Blindsides Obama White House
The book offers a scathing view of Obama as an inexperienced president in over his head, lacking leadership skills and yielding to aides who often disagreed with one another. The White House has moved quickly to assert that the book is full of misquotations and other mistakes, and offers an inaccurate assessment of the administration. [...]
Pres. Obama, the anti-LBJ
“Rahm couldn’t have picked a better successor,” a former Senate aide who worked closely with Emanuel told The Huffington Post. “Daley has … managed to make people miss [him].” – Bill Daley Leaves Some Democrats Longing For Rahm Emanuel Oh, the irony. Obamaworld and Democrats are looking for a scapegoat. It was all a matter [...]
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