2:31 PM, Jul 15, 2014 • By GEOFFREY NORMAN
The president gave a speech today. No surprise there. And in this speech, which was nominally devoted to infrastructure spending, he praised his administration’s economic record. No surprise there, either, though it does take some cheek to boast about an economy in which fewer people than ever are in the work force. President Obama also kicked some dirt on the Republican’s shoes. And that, of course, is also no shocker.
A sample of presidential rhetoric:
After the worst economic crisis since the Great Depression, our businesses have created nearly 10 million new jobs over the past 52 months. The unemployment rate is at its lowest point since September of 2008. We’ve made huge strides in energy independence. For the first time in more than a decade, business leaders around the world are saying the best place to invest isn’t China, the best place to invest is the United States of America. But you’ve still got a lot of middle-class families all across the country who are working harder than ever just to get ahead. They need a break. They need some help. And having better roads and less delays -- that helps.
And meanwhile, Republicans in Congress keep blocking or voting down some of the ideas that would have the biggest impact on middle-class and working families. Not just creating more new construction jobs -- they’ve said no to raising the minimum wage, to equal pay, to fixing our broken immigration system.
The only interesting aspect of this speech is the venue the White House chose for its delivery. McLean, Virginia. Tenth richest zip code in the Republic. The economy there is swell and whenever Washington spends money, it just gets better.
Which is not an automatic in the rest of the country where the economy contracted in the last quarter and appears, increasingly, to be just holding its own in this one.
6:53 AM, Nov 26, 2013 • By DANIEL HALPER
At a Beverly Hills estate last night, President Obama heard a complaint from a major donor: There's no valet parking at the White House. The complaint was made by Haim Saban, who hosted a fundraiser with the president last night.
Via the pool report:
12:52 PM, Oct 31, 2013 • By JERYL BIER
President Obama attended a Democratic fund raising event in Weston, Massachusetts Wednesday night at the home of Alan and Susan Solomont. Among the 60 attendees were a number of high-profile Democrats, according to the Boston Globe:
12:50 PM, Sep 23, 2013 • By JEFFREY H. ANDERSON
The question at the core of most of today’s debates in American politics is whether all people have an unalienable right to keep the fruits of their own labor—as the Founders believed and the Declaration of Independence (properly understood) asserts—or whether the government should funnel vast sums of money to the nation’s capital and then magnanimously redistribute it back to the tributaries. Well, the stats are in, and it seems that neither of these two notions is really being fulfilled. To be sure, Americans’ money is flowing to the nation’s capital. But it’s not flowin
8:03 AM, Aug 26, 2013 • By GEOFFREY NORMAN
The bigger and more bewildering the legislation, the better for the Lords and Ladies of K Street. So as Megan R. Wilson of The Hill reports:
7:31 PM, Dec 10, 2012 • By DANIEL HALPER
President Barack Obama made his position on tax rates clear today in remarks at the Daimler Detroit Diesel Plant in Redford Michigan.
10:25 PM, Dec 9, 2012 • By WILLIAM KRISTOL
The Wall Street Journal editors are unhappy about the present correlation of political forces. Who isn't? They're also, I gather, unhappy about "Beltway sages" who, facing the fact that the Bush tax cuts expire at the end of this year, have suggested Republicans accept a modest increase in tax rates for the wealthy while leading the charge to keep taxes from rising for 98 percent of the American people.
3:31 PM, Dec 6, 2012 • By DANIEL HALPER
President Barack Obama today pledged only to sign a "fiscal cliff" deal that includes tax hikes on the 2 percent.
4:16 PM, Nov 26, 2012 • By ADAM J. WHITE
Warren Buffett is by now no stranger to the national debate over federal tax policy. In 2009, he penned a New York Times op-ed calling for "truly major changes in both taxes and outlays." Two years later, he returned to the Times with a widely publicized call for large tax increases on the "super-rich," noting that his own effective federal tax rate (17 percent) was far less than his employees' rates (ranging from 33 to 41 percent). President Obama liked the idea so much, he called for Congress to pass "the Buffett Rule" in his 2012 state of the union address.
4:31 PM, Oct 29, 2012 • By DANIEL HALPER
Vice President Joe Biden warned that Republicans want to give the rich "one point trillion dollars in tax cuts":
10:42 AM, Jun 7, 2012 • By DANIEL HALPER
President Obama's latest campaign targets Congress for not raising taxes on the wealthies Americans:
12:22 PM, Dec 23, 2011 • By DANIEL HALPER
NBC journalist Chuck Todd reportedly asked Republican presidential candidate Mitt Romney whether he’d release his tax returns this election cycle. “I never say never,” Romney responded, according to the New York Times. “I don't intend to do so.”
12:00 AM, Sep 24, 2011 • By IRWIN M. STELZER
Willie Sutton separated over 100 banks from $2 million before he was finally incarcerated in 1952.