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Tag: President Obama (Page 3 of 8)

Elizabeth Warren won’t rule out run for US Senate

President Barack Obama announces Richard Cordray (not pictured) as his nominee to be the Director of the Consumer Financial Protection Bureau in the Rose Garden at the White House in Washington on July 18, 2011. Obama was joined by Elizabeth Warren (C), Special Advisor on the Consumer Financial Protection Bureau, and Treasury Secretary Timothy Geithner. UPI/Kevin Dietsch

Elizabeth Warren just declined on MSNBC to rule out a run for the US Senate in Massachusetts against Scott Brown in 2012. She indicated that she’s been working 14-hour days for the past year to set up the Consumer Financial Protection Bureau and that’s she’s very much wants to go home to Massachusetts and go on vacation with her grandchildren. Who can blame her.

This will, however, become a huge story if she decides to run. Scott Brown will be tough to beat, but Warren gives the Democrats a chance in a year where they will need pickups to keep control of the Senate. The decision by President Obama to appoint Richard Cordray to head the bureau instead of Warren will disappoint many liberals, but the left will be much better off with Warren as a candidate for Senator as pointed out by Ezra Klein.

One of the themes of the 2012 election will be the interests of corporations and the wealthy versus the interests of ordinary Americans. Obama is itching for this fight, and Warren will be a huge assets who will energize liberals and also appeal to independents.

The GOP’s Eric Cantor problem

House Majority Leader Eric Cantor (R-VA) speaks at the Faith & Freedom Conference and Strategy Briefing in Washington, June 3, 2011. REUTERS/Molly Riley (UNITED STATES – Tags: POLITICS)

The GOP discipline has completely broken down over the past week in the debt ceiling negotiations. All year they’ve been playing a game of Russian Roulette with the economy, trying to use a potential default to force massive spending cuts. In many ways the strategy worked well, as President Obama and the Democrats put just about everything on the table.

But, as usual, the ideologues are overplaying their hand, so much so that Mitch McConnell buckled under the pressure of the business community and basically said he’d let the president raise the debt ceiling without any cuts.

The guy at the center of all this is Eric Cantor, whose either too stupid or too ambitious to take yes for an answer. He can get massive cuts if he just includes some revenues in a deal, but instead he’s pushing the talks to the brink of disaster. Last night he also tried to imply that the President lost his cool in the last meeting, though all other accounts tell a different story.

Meanwhile, the polls are starting to shift in Obama’s favor with regard to the debt and the economy – at least when compared to congressional Republicans. That’s what happens when smarmy guys like Cantor become the face of the GOP.

Dana Milbank nailed it yesterday, even before Cantor’s latest performance last night in the negotiations where he again refused to budge.

He draws out the vowels in a style that is part southern, part smarty-pants. Had young Cantor spoken like this at his prep school in Richmond, the bigger boys may well have wiped that sneer off his face. Yet even then, Cantor was accustomed to having things his way. According to Cantor’s hometown Richmond Times-Dispatch, the quotation he chose to accompany his yearbook photo was “I want what I want when I want it.”

What Cantor wants now is power — and he is prepared to risk the full faith and credit of the United States to get it. In a primacy struggle with House Speaker John Boehner, he has done a deft job of aligning himself with Tea Party House members in opposition to any meaningful deal to resolve the debt. If the U.S. government defaults, it will have much to do with Cantor.

His antics from last night are being branded as childish, and the Democrats smell blood and are now taking direct aim at Cantor. Harry Reid is more than happy to negotiate now with Mitch McConnell who is desperate to avoid the potential catastrophe that he and other Republicans created.

They clearly thought Barack Obama would fold, but they were mistaken. Obama has called their bluff, and they look like panicked fools at the poker table.

Hysterical Headlines – Mark Halprin suspended by MSNBC

MSNBC just suspended Mark Halprin for saying President Obama was acting like a “dick” today on the air. He was dumb for saying it, but he was trying to make a point about Obama’s tone, and naturally everyone is treating this like it’s a HUGE news story. It’s not. It’s just the kind of “shiny object” that gives the talking heads and bloggers something to talk about for a day.

Of course this is news, but does the Huffington Post really need this blaring headline with the “breaking” flash images on both sides? Good grief . . .

The funny thing is that Halprin is a pretty good commentator who is very honest about his opinions, often taking shots at both sides, so he often comes across as a dick himself. I think the whole episode is kind of funny.

Digging in their heels . . .

U.S. President Barack Obama speaks during a news conference in the East Room of the White House in Washington, June 29, 2011. REUTERS/Kevin Lamarque (UNITED STATES – Tags: POLITICS)

It looks like we’re heading for an ugly end game for the debt ceiling confrontation. Ezra Klein explains:

The best advice I’ve gotten for assessing the debt-ceiling negotiations was to “watch for the day when the White House goes public.” As long as the Obama administration was refusing to attack Republicans publicly, my source said, they believed they could cut a deal. And that held true. They were quiet when the negotiations were going on. They were restrained after Eric Cantor and Jon Kyl walked out last week. Press Secretary Jay Carney simply said, “We are confident that we can continue to seek common ground and that we will achieve a balanced approach to deficit reduction.” But today they went public. The negotiations have failed.

“The primary goal of President Obama’s presser, which just wrapped up, was obvious,” writes Greg Sargent. “He was clearly out to pick a major public fight with Republicans over tax cuts for the rich.” That’s exactly right. But he didn’t want this fight. He wanted a deal. And he wasn’t able to get one that the White House considered even minimally acceptable. After putting more than $2 trillion of spending cuts on the table, they weren’t even able to get $400 billion — about a sixth of the total — in tax increases.

Klein goes on to explain that things will likely get ugly. Both sides are digging in their heals, and only a crisis or market meltdown will get them to move. Perhaps something else will change the dynamic, like the proposal coming from Kent Conrad and the Senate Democrats, but that seems unlikely.

As Klein explained, Obama has been quiet because he was hoping for a deal. Now that the Republicans want a fight, they are going to get one. Nobody likes taxes, but the notion that we can’t have any new revenues, including closing corporate tax breaks, when we’re facing a $15 trillion debt is totally absurd. The polls are in Obama’s favor when it comes to increasing taxes on the wealthy.

That said, the GOP is currently run by the extremists in the Tea Party who won’t compromise on anything. It’s probably going to get ugly . . .

Donald Trump won’t run for president

Businessman and possible Republican Presidential candidate Donald Trump speaks at the Greater Nashua Chamber of Commerce Expo luncheon in Nashua, New Hampshire May 11, 2011. REUTERS/Brian Snyder (UNITED STATES – Tags: POLITICS BUSINESS)

Big news!! What a shocker!!

Naturally, many people thought this was baked into the cake from the beginning. Donald Trump is a publicity whore. We all knew that. What we didn’t know was how stupid he could sound when he opened his mouth about topics other than real estate, reality TV or beauty pageants.

He completely embarrassed himself, probably doing great damage to his brand along the way. He also did some damage to the Republican Party, showing how gullible many GOP voters can be when it comes to topics like the birther issue. We saw how a carnival barker could shoot up in the polls just by running his mouth, and the rest of the field came across as very weak in the process.

Fortunately, Trump was humiliated by President Obama before he made his inevitable announcement that he wasn’t running. Even prospective GOP voters finally saw through his bullshit as his poll numbers plummeted after Obama released his long-form birth certificate and then had Osama bin Laden killed.

Good riddance . . .

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