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Emanuel: Obama's Priority Will Be Middle Class Tax Cut

By Michael A. Fletcher
President-elect Barack Obama plans to push ahead with a middle-class tax cut soon after taking office, his choice for White House Chief of Staff Rahm Emanuel said today.

Speaking on ABC's "This Week," Emanuel also hinted that the president-elect would not postpone a tax hike for families earning more than $250,000 a year, despite the deepening economic slowdown. He said that Obama's tax proposal, which he said would reduce taxes for 95 percent of working Americans, amounts to "a net tax cut."

"The middle class must be the focus of the economic strategy," Emanuel said. He noted that, over the past eight years, median household incomes have decreased, when adjusted for inflation, while the costs for essentials including education, energy and health care have soared.

In the short run, Emanuel said Congress should extend unemployment benefits and help states pay health care costs when it returns for a lame-duck session later this month. He added that any economic stimulus package that Congress passes during the session should not be coupled with a free-trade agreement with Colombia.

"You don't link those essential needs to some other trade deal," Emanuel said.

Once the new administration takes power on Jan. 20, Emanuel said Obama would take quick action to expand health care coverage, revamp energy policy and make education more affordable. He called all of those initiatives part of a wider plan to shift federal policy to address the mounting economic concerns of middle class Americans.

The ongoing economic crisis "provides the opportunity, as the president-elect has said repeatedly, to do things that Americans have pushed off for years," Emanuel said.

By Web Politics Editor  |  November 9, 2008; 11:59 AM ET
Categories:  B_Blog , Economy , Transition  
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Next: Obama Aide: Media Is Guessing With Cabinet Short Lists


An additional thought regarding tax increases, these bills must originate in the House of Representatives.

Speaker Pelosi should replace the individual in-charge of the committee that will write this bill because he failed to pay the taxes due the US government for at least 10 years.

She promised us two years ago that she would implement the most ethical government in the world. It is time she follows through!

Charles Rangel must go!

Posted by: mwhoke | November 10, 2008 8:47 AM | Report abuse

If the Senate of the United States insists on raising taxes I at least hope that they include themselves.

It appears to me that certain members of the Senate have found ways to protect their vast wealth!

I would hope that John Kerry (net worth 633 million), Ted Kennedy, Herbert Kohl and Nelson Rockerfeller all vote for tax increases that will impact themselves and their families.

I for one cannot afford lawyers and accountants to protect my income and I do not have money placed in trusts to feed me and my children money for generations to come.

I have read that Obama is considering going after our 401 accounts what about their trust funds?

Posted by: mwhoke | November 10, 2008 6:21 AM | Report abuse


• Retain Gates and Mukasey along with Mueller

• Lay plans to put "homeland" agencies under the wing of Defense, Justice and Treasury

Contrary to mainstream media convention wisdom, Barack Obama's most pressing task at hand is not dealing with the economic crisis.

He must first move to consolidate his power and disarm potential rogue elements within the bowels of the apparachik that may be tempted to subvert his leadership.

Major elements of the security complex no longer fall under the purview of the Department of Defense or the Justice Department. Their independence, and lack of meaningful oversight, make these entities a potential breeding ground for resistance to his ascension to the presidency.

The situation is compounded by the fact that some of these entities are privy to virtually all channels of communications and surveillance.

President-elect Obama would be wise to co-opt any potential resistance by retaining the services of Defense Secretary Gates, and, at least for the short term, Attorney General Mukasey. FBI Director Mueller's term isn't up until 2010; the retention of Gates and Mukasay, along with the continued service of Mueller, would act as a powerful deterrent to potential rogue actors who do not fall under the command of those three key security officials.

The President-elect should immediately announce the retention of these Bush administration appointees. Then he should lay plans for a Congressionally-mandated reorganization that would once again bring the agencies of the Department of Homeland Security under the direct purview and authority of existing cabinet departments -- notably, Defense, Justice and Treasury.

Such a reorganization would establish greater accountability on the part of the Homeland Security agencies, and would better facilitate meaningful Congressional oversight.

This reorganization would retire the title "Homeland Security," which is linguistically reminiscent of the rhetoric of Nazi Germany.

Gates and Mukasey, it could be argued, already have demonstrated their capability for independent decision-making that puts the good of the nation above partisan politics. By giving them a vote of confidence now, President-elect Obama would demonstrate bi-partisanship while deterring potential rogue resistance to his leadership.


Not as long as government-supported extrajudicial targeting squads are "community stalking" American citizens, making a mockery of the rule of law:




Posted by: scrivener50 | November 10, 2008 1:40 AM | Report abuse

And may I add, your children are dying in a war that cannot be won, just like us. You have no jobs, medicare nor housing and jobs. If they return many families will fall apart.
So what is your option. Your kids or your pride. If it is your pride I am guessing you're hoping for a big check when your child comes home for NOT in a box. No help for your military heros whom fought a battle for no reason. Come on, get on the wagon and fire some of these so called people in control

Posted by: justada56 | November 9, 2008 11:46 PM | Report abuse

What is your definition of rational?
From Canada,

Posted by: justada56 | November 9, 2008 11:33 PM | Report abuse

Truly it is a shame that there is no moderator to ensure that comments to the above article are actually IN REGARD to the substance within it. Ridiculous name-calling and vitriol on both sides is worthless. Try addressing the content of the article and perhaps we all might have a rational discussion.

Posted by: blndgenie | November 9, 2008 11:21 PM | Report abuse

It will be interesting and fun to watch the GOP shrink to a few nativist haters, a couple of religious nuts, and the Kathryn Jean-Lopez's of the world in the next few years.

As long as the Rethuglican party continues to offer huge outsized tax breaks for the filthy rich and nothing for everyone else, the extremist nuts will be the only one's left carrying the GOPer banner after 2008.

I think it is going to be a while before we hear about the big tent Republican party.

The Wingnuts are seeing their power being yanked away from them because of their own incompetence and they're throwing a tantrum. After controlling the White House for the last eight years and controlling Congress for ten of the last twelve years they've proved beyond a shadow of a doubt that Conservatism is a failed ideology and now they're panicking.

Posted by: DrainYou | November 9, 2008 10:58 PM | Report abuse

For the last two decades, the Republicans have steadily purged themselves of all moderates, of anyone who did not toe the party line, of anyone who did not support the party leaders with every fiber of their being.

Under leaders like Tom DeLay and a dozen other of the top far-right powerbrokers, apostasy was ruthlessly punished. Moderates were primaried out, the religiously or socially tolerant were excoriated, the legislatively balanced were forced from their positions -- all in service to a supposed permanent ideological governance, one that valued ideological purity over all else. Over knowledge, over experience, over common sense, over the very fabric of the law -- the ideology of hard-right conservatism trumped it all. Toe the line, and you were granted jobs in the administration, or positions of leadership in Iraq, or plum committee assignments. Voice disapproval -- you were nothing. You woke up the next morning to a White House Press Secretary declaring that you were a disgruntled brat, one with emotional or mental impairments that were responsible for your pitiable desertion.

After twenty years of purging, all the Republicans have left is that hard-right extreme. They shoved everyone else out willingly: it seems hardly surprising that now, faced with the fruits of it all, they are finding that all constituencies of the nation that they sought to condemn, belittle or purge are no longer interested in supporting them now.

I have no particular interest in them learning this lesson, of course. As far as I am concerned the last thirty years have proven modern conservatism to be not just ill conceived, but paranoid, divisive, willfully incompetent, obtusely premised, and in sum utterly valueless to the nation -- a waste of political oxygen. Something to be burned at the stake, and the ashes scattered, never to be heard from again.

A few years ago, Republican strategists were crowing about a new "permanent Republican majority". As of last Tuesday night, Republicans are a regional party with a narrowly defined ideology and abysmal support among the next generations of voters.

And all it took was Republicans stinking up the place on every conceivable level, dragging the nation into botched war efforts, corruption in the Department of Justice, and the possible collapse of our entire financial system.

Posted by: DrainYou | November 9, 2008 10:53 PM | Report abuse

Republican neo-conservative=uneducated, rural folks need to sit back and relax. Your economic theories and bible thumping has done nothing but tear apart this country. We're on the verge of becoming a 2nd rate nation, so shut your traps. Your bone headed president FAILED.

Posted by: ryanr007 | November 9, 2008 10:48 PM | Report abuse

If you, the people think as this as comedy, you are surely sick and in need of help. God willing, this man can and will make drastic changes for good, for your Country, not just the people. Both work together. You might yet be liked by all foreign Countries. May your god bless you, but I believe he has. From a white Canadian? What a shame I must have to say that. What the hell difference is our color or Religious beliefs? You are on your way to Freedom.

Posted by: justada56 | November 9, 2008 10:40 PM | Report abuse

Like I said, you angry Republicans are crazy. You rather see this country destroyed by horrible Republican policies than have a good life for yourself and your children.

I wish you would all leave the country and leave the rest of us who want to have a prosperous future. You can create your own country where bigotry and poverty reign. You can wallow in your self-hatred and uneducated stupidity.

Posted by: Simon2 | November 9, 2008 10:39 PM | Report abuse

Oh Boy--love it--barbs being thrown back and forth

First, too many think the President has more power than the office has. These plans all go through Congress and whatever the president proposes can look like a stranger after the members of Congress get their claws into it. Remember when Bush sent a 3 page bailout plan to Congress and got back one running over 400 pages? I know Congress wanted some controls but that could have been done in 3 more pages.

As for it "can't get worse"--it certainly can get worse. We all hope it doesn't but we hardly at the economic bottom with collapses all around us. Read about the great depression and you will see it can get worse. The economy is like a wild animal and all government can do is try to control it. No guarantee they will succeed.

smi2le--excuse me I misunderstand what you are saying but you start with "We cannot afford not to adopt single payer national health insurance." and end with "It's time for national health insurance." You contradict yourself because national health insurance is a single payer system. Single payer means all funding comes from one source--in the case of national health insurance the payer is government.

Posted by: luchok | November 9, 2008 10:38 PM | Report abuse

Since when is stating the realities of a tax hike on small business 'Republican Anger'? Anyone with a basic understanding of cause and effect/basic economics understands you can only increase the burden on employers so much, before their employees feel the pain. My husband and I have worked hard to grow a successful business,and we value our employees, but there's a point where you just can't absord the costs anymore. A $3000 'tax credit' for creating a job which will cost the employer $25K or more per year is a JOKE! I remember back when the 'luxury tax' went into effect to stick it to the rich. Guess who suffered? The boat builders/jewelers/furriers, etc. Every employee of the targeted businesses. And that was quickly reversed since it put middle class people out of work. To everyone who believes squeezing more out of your employer or those who buy your service and/or products is a good thing, be very, VERY careful what you wish for.

Posted by: blndgenie | November 9, 2008 9:46 PM | Report abuse

How come Sarah Palin was never on Sunday Morning talk shows??????????????????????

Posted by: knjincvc | November 9, 2008 8:37 PM | Report abuse

Simone2 wrote
The comments here prove that the supporters of the Republicans are angry
We are remembering how much fun it was to poke fun at Clinton's cigar stuffing antics.
Obama is a gift from heaven as far as comedy blogging goes...!!

Posted by: rednksurfer | November 9, 2008 8:29 PM | Report abuse

Heehee. Some of the comments on these boards perfectly illustrates what is wrong with modern Republicanism.

....move further right folks....and become the party of the uneducated angry rural white male.....a Southern party and the party of states where nobody lives...Wyoming for example. With the growth of its hispanic population soon even Texas and Arizona will be blue. New York, California and Texas....nice electoral base to start any election with......

The demographics are against you.....Look at the new faces of America.


Posted by: toritto | November 9, 2008 8:03 PM | Report abuse

The comments here prove that the supporters of the Republicans are angry, irrational, and uneducated. These comments are so illogical and divorced from reality that there is no point of even responding. In any case, the majority of Americans rejected this ideological craziness by electing Obama. Consequently, this is all the ranting the repudiated and rejected.

Posted by: Simon2 | November 9, 2008 7:56 PM | Report abuse


Obamunism….going from economic leader to welfare state
Obamessiah ... hallowed be thy name.
Obalemmings - People that follow Obama blindly without question.
Obamatons ... robotic head bobbing supporters of the "One".
Obamanomics……spreading the wealth economics
Barackalypse…..the new apocalypse
Obamenough….the feeling that you’ve now had enough media coverage of “the one”
Obamanation….refers to the Abomination that is “the one” or the new euphemism for the old United States of America.
Obamafoolery….refers to being hoodwinked by empty rhetoric.
Obamareka……realizing that America is now a welfare state
Obamatopia….the new left liberal vision for the US
Obamaucked…..when “the one” makes a mistake
Barakabias…….liberal media bias for ….well you know who…
Baralph, Barakachuck, Barakup……throwing up after too much Obamenough
Obama Lama land …..the new United Socialist States of Amerika
Obaminions….nasty bloggers who write untrue anti-republican garbage
Baracket…the new higher tax bracket to pay for Obamunism
G.I, Jobamas….the new weaker, watered down,military. Can also mean homeless people housed in newly closed military bases or newly mothballed ships
Barackish….refers to the stuttering style of “the ones” speech pattern
Obamatic….refers to the media automatic acceptance of all things uttered by “the one”
Obamaodor….refers to anything that has the stink of “the ones“ new socialism
Obamanator (or Obamatraitor)….refers to people who have turned from small government, strong military, republican ideals to Obamunism. Colin Powell is the prime example.
Obamaborg …….brain zapped assimilants who are trying very hard to replace free thinking people with their pod-selves

Obamanosers…..refers to people, legislators, media clowns who kiss up to “the one”. Examples include Rahm, Powell, Hillary, Bill, even Biden who stated he was not ready to be POTUS.

Posted by: rednksurfer | November 9, 2008 7:53 PM | Report abuse

Obama is giving no one a tax cut. Democrats do not cut taxes. They raise taxes on the people who pay taxes and give money to the people who do not. That is a fact.

If President Obama goes through with his plan to tax business, like Canada has already learned does not work ... then jobs will be lost. It President Obama goes through with his plan to bankrupt the coal and natureal gas industy then electricity will be unafordable and people will freeze ... there is not reliable alternative to coal and natureal gas excep nuclear and President Obama and speker Pelosi and reed are too stupid to use safe reliable non-poluting nuclear power.

In short, if President Obama goes through with his plans ... American will really be in deep crap ..... He will make the President Bush years look like a picknick.

Posted by: markandbeth | November 9, 2008 7:43 PM | Report abuse

If the hard right wants the GOP to remain the party of the angry white man, well so be it. Liberals want you to do that as well! This election the GOP became the party of the old, undereducated, rural angry white voter. This group is becoming a smaller and smaller percentage of the electorate. It became the party of the Southern core of the Confederacy and states like Wyoming where nobody lives. It lost in every major metropolitan area. It lost affluent diverse suburbs in Philadelphia, Charlotte, Raleigh, Fairfax and Northern Virginia, Alberquerque and Las Vegas, Miami and Tampa, Los Angeles, San Francisco, Indianapolis and Des Moines, Seattle, New York and Boston . It even lost Dallas and Houston. It lost hispanic voters by 2 to l. It lost virtually 100% of the black vote. It lost the "youth" vote 2 to 1. The Democrats won every growing demographic. Make Pallin the leader of your party! Please!!

The GOP needs to decide what it is FOR......calling the opposition names ain't gonna cut it as "policy". Continuing to emphasize the culture wars will lead to a smaller, waiting for the rapture, lily-white regional Southern party.

Look at the faces of the new America........the demographics are against you. :-)

Posted by: toritto | November 9, 2008 7:01 PM | Report abuse

Dwight Collins-

The people whose real labor created the wealth in this country never got much of it, because people lucky enough to be in a better position took almost all of it first. If it had been fairly distributed to the workers in the first place (instead of stolen) we wouldn't be having paranoid reactions to the prospect of "redistribution of wealth".

Some people think the world owes them a living, and I'm not talking about welfare moms. Too many corporate executives make welfare moms look like resposible citizens by comparison.

Posted by: rooster54 | November 9, 2008 6:45 PM | Report abuse

Republicans need to remember that the people voted decisively for the democrats because they don't like the way the republicans ran this country into the ditch. Obama can be flexible with the republican minority, but his first duty is to us, who just gave him a mandate for real change. He needs to make certain he establishes himself to be dealing from a position of strength.

I'm sure there is nothing the crooks who bankrupted this country would like more than to turn Obama into an apologetic wimp, so they can finish fleecing us of the wealth we created. We need a strong leader who will stand up for working people, and we just may have one.

Posted by: rooster54 | November 9, 2008 6:35 PM | Report abuse

dwightcollins has short term memory loss. President elect Obama has spoken forcefully about a $3,000 tax break for new American jobs created guess where? In America! WOW!!!

If that is not an investment in American jobs I don't know what is.

If penalizing companies for taking American jobs overseas (outsourcing) is not investing in American jobs I don't know what is.

Get real and get behind our President elect.

Posted by: opuddles | November 9, 2008 6:18 PM | Report abuse

Has anyone heard obama address the investors and employers of our nation and has he asked them to continue to invest in our nation thru expansion and employment?


well, you never will...
these people who employ the majority of Americans are the enemy of obama...

Posted by: DwightCollins | November 9, 2008 6:15 PM | Report abuse

"It use the be the only job a black man could get was cleaning up after a white man. Guess times haven't changed all that much."

Posted by: blarsen1

Oh really. The black CEO at Fannie Mae and the black CEO at Merrill Lynch and the black CEO at American Express left behind a smoking crater of their businesses.

In fact, the entire subprime program and deregulation began under Clinton (the 'first' black President) and then became the proverbial straw under a minority home ownership.

So blacks get to point fingers AND get bailouts and still prosper from affirmative action?

You betcha.

That's why the most economically unequal and most racially and economically segregated areas are Democratic. Fact.

Posted by: theeasypartsover | November 9, 2008 6:11 PM | Report abuse

And some of the Republicans are still upset....too bad. Let's let Obama become the President (rather than the President-Elect) and let's give him a chance to change could not be any worse than it has been for the last eight years.

Posted by: gilbertpb40 | November 9, 2008 5:57 PM | Report abuse

I'm sure Mr. Emmanuel will understand when we lay off employees of our business because our personal tax rate goes up. We've been over both business and household budgets and there is nothing left to cut besides labor. In addition, a major expansion has been cancelled, so the electricians/plumbers/tilers/drywallers/roofers/carpenters/landscapers, etc. have been given the heads up. There is only so much money coming in the door, and if more goes to the Obama-led government, our employees will suffer. But I'm sure they'll understand it's only because we are patriotic and unselfish, and the new president is just 'spreading the wealth around'. They voted for him and I'm sure they'll be willing to make that sacrifice...yeah, definitely.

Posted by: blndgenie | November 9, 2008 5:50 PM | Report abuse

First off to the repugs ye lost, get used to being in the woodshed, that is where ye belong. Now the dems can begin the cleanup just as President Clinton had to do in 1990's.

repugs redefined unemployed back in the heyday of reagan so that they could lie about the state of the economy. If we revert back to what unemployed means (i.e not having a job) the true unemployment figures are an horrific 17 million unemployed not the "catastrophic" 10 million people talk about today.

repugs then went onto redefine poverty under bushie et al, again so that they could lie about the state of the economy and fool their idiotic joe the plumber morons who know no better and can't be bothered to educate themselves.

Were we to revert to the true meaning of poverty pre-reagan we are a third world country. We cannot provide for the most vulnerable in our society, healthcare, housing, food the list goes on (think Katrina or war veterans).

We owe $2.67 trillion to foreign governments and investors, that is 20% of our GDP. Talking about GDP name me any other country whose GDP is measured in terms of what people buy, 72% of our GDP is from buying not building or manufacturing. Once we lose the means of production we have lost the means of improvement.

Illiteracy and functional illiteracy, are on the increase, no child left behind is a joke. You don't teach to an exam, ask business owners if they want someone who can read and follow detailed instructions, who can show iniative and improvise; or someone like palin the impaired that can recite partially learnt talking points, takes years to graduate from a basic degree and gushes about her educationally deficient family (track, bristol, levi the soon to be son in law all high drop outs).

Teachers and parents need to teach to the 3 R's, that means reading at home to your kids not plonking kids in front of the tv (like President elect Obama stated on national tv in the middle of one of the debates), using situational experiences to enhance basic math skills (making math a game for young kids, witnessing the balancing of check books, making a budget for teenagers) and NOT introducing computers and video games until the basics are learnt.

I could go on and on and on but I hope you get the drift of what I write about. President elect Obama has climbed one mountain top to the Presidency. He will need all of our help, goodwill, and support to ascend the next summit. That of returning our great country to it's rightful stature, as that golden door.

Remember these words well...

"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
(Emma Lazarus, 1883)

Posted by: opuddles | November 9, 2008 5:31 PM | Report abuse

Looks like Obama is off to a promising start. I am glad to see him sticking to his plan, doing what he ran on. That shows integrity.

It is about time someone did something to address the economic concerns of the middle class. The Republicans obviously do not give a hoot about the middle class; they are more interested in kissing up to lobbyists for corporations and billionaires.

In the next election Obama may get an even bigger chunk of the middle class vote. Good luck.

Posted by: Pebble1776 | November 9, 2008 5:12 PM | Report abuse

What is going on in Alaska? Ted Stevens was down 20% in polls and won? Looks like the state of Alaska has a whole bunch of crooks running that state. No wonder they elected Palin, they could handle her. I am beginning to wonder about First Dude now and why he was in her office just sitting watching, like he was controlling things.

Posted by: ggrant9170 | November 9, 2008 4:56 PM | Report abuse

"Bush tried to stop it" (the economic meltdown).

Now the republicans are supporting Bush again. The president with lower ratings than Nixon when he resigned in disgrace, only because he is the worst president in America's history. Hahahahaha

Posted by: frankdiscussion1 | November 9, 2008 4:32 PM | Report abuse

it's going to be funny seeing the buyer's remorse set in as obama bungles his administration. Get ready to see the the recession turn into a depression. Everyone needs to remember that the democrats caused this whole subprime meltdown. Don't forget it. Bush tried to stop it. Barney Frank and Chris Dodd should be your heroes.

Posted by: charlietuna6661 | November 9, 2008 4:11 PM | Report abuse

"But since when is it the governments business to tell a company what to produce!!??"

answer: because the car companies are going to the government for a hand-out. either make your own money (they're not), or do something in the public interest, if you're asking for mine.

Posted by: weekapaug | November 9, 2008 3:57 PM | Report abuse

Blarsen1..........just keep drinking the kool aid!!
FYI, Detroit is producing hybrids and GM will unveil an entirely electric car in 2009. But since when is it the governments business to tell a company what to produce!!??
Wake-up!!! Your do nothing Demcrats have controlled congress for the past two years and have done nothing!! Liberals are pathetic!

Posted by: dkidwell61 | November 9, 2008 3:47 PM | Report abuse

See Physicians for a National Health Program if you want to understand more about solutions.

Posted by: rooster54 | November 9, 2008 3:34 PM | Report abuse

The republicans ignored the infrastructure of this country for eight years and they ignored the people. If you were big business, you've had it good. When gas prices were on the rise, Bush was telling people to by SUV's. He never pressured Detroit to make a fuel efficient car. Obama better tell them to get it together and make cars that are fuel efficient and reasonably priced, if not they will slowly die and we'll get everything overseas.

Posted by: blarsen1 | November 9, 2008 3:23 PM | Report abuse

We cannot not to afford to adopt single payer national health insurance program ASAP. We pay twice and more than any other country in the world for health care and rank # 41 in quality of health care i.e. life expectancy. Each year the U.S. raids third world countries to provide essential health care in the U.S. and still six million Americans went abroad last year, most of them to third world countries, for medical care. Thousands more Americans die each year from lack of health insurance including access to life saving medicines than from the use of illegal street drugs.

If we have money to fund the occupation of Iraq, bailout banks, subsidize Israel and corporate agriculture and give tax cuts to the rich, surely we have the money to provide all Americans with basic medical care, especially since we are now spending twice as much as other countries with national health insurance. It's way past time for national health insurance.

Posted by: smi2le | November 9, 2008 3:17 PM | Report abuse

It use the be the only job a black man could get was cleaning up after a white man. Guess times haven't changed all that much.

Posted by: blarsen1 | November 9, 2008 3:11 PM | Report abuse

quietpatriot1776's name doesn't fit at all - he won't keep quiet. QP1776 is a perfect example of a person who is probably a very nice and sincere individual, but whose cerebral cortex has been poisoned by rigid ideology. QP may have some reasonable arguments, but it's unlikely that anyone will take him seriously when he launches into the tired old "socialists in Congress' stuff. Been there, heard that -- ad nauseum.

QP states that "poverty has actually been reduced." Reduced from what to what? QP complains about an incomplete recitation of facts. Well, then give us a fact, any fact, complete or otherwise. Let's take QP's assertion that poverty in the US has declined. If true, fair enough. Nevertheless, there is this unfortunate FACT "In 2006 the poverty rate for minors in the United States was the highest in the industrialized world at 21.9%" (Report July 19, 2006, Economic Policy Institute).

Lastly, I do agree that there is a new socialism in the country. We have just socialized the debt of our financial industry at a staggering sum (at the Bush administration's insistence). Unfortunately for the taxpayers, this new socialism doesn't extend to the financial industry's profits. So take heart QP, maybe capitalism will survive the evil, socialistic Congress!

Posted by: mkenaston | November 9, 2008 3:03 PM | Report abuse

The worse the economy gets the better. A near depression will give Obama the FDR balls to get something done.

Posted by: ravitchn | November 9, 2008 2:54 PM | Report abuse

I am hoping the new administration moves swiftly implement its campaign promise to eliminate income taxes for those over 65 who earn less than $50,000. My IRA and retirement nestegg have been so damaged by the Wall Street collapse that I may have trouble paying taxes owed this year, and swift tax relief would help. Also, I have never fathomed why Social Security benefits are subject to taxation, and it would help seniors if we could keep all of our benefits, especially now when our retirement security has vanished.

Posted by: rwheeler1 | November 9, 2008 2:30 PM | Report abuse

12thgenamerican, if you want to get into a spitting contest, let me one-up you by first letting you know that my Puritan ancestors were in New England by the 1620s and my white Virginia ancestors were on these shores even earlier.

Meanwhile, I had Angolan ancestors in Jamestown by the 1620s. And let's not forget my native American ancestors, who were here as long as 12,000 years or more before that.

What does this have to do with politics in America at this moment? Absolutely nothing.
We're all Americans. Most of us are even pro-America real Americans.

But if you grant authority to longterm American occupancy, as you seem to, then please allow someone you and your ilk may consider the quintessential American to give you a little unsoliticited advice:

for heaven's sake, give the man a chance to show us what he can do before you bring out the heavy verbal ammunition!

My hunch is that you may be very pleasantly surprised, if you'll just shut up long enough to actually absorb what's going on.

Posted by: sweetwtrbay | November 9, 2008 2:23 PM | Report abuse

12thgenamerican said: the dems are poised to drive this economy into the ground like a tent peg.


The economy has already been driven into the ground like a tent peg. And, why are you flaunting that you are a "12thgenamerican". Like that gives you any credibility. The amount of time your ancestors have spent in this country does not lend you any credibility.

Posted by: gt92102 | November 9, 2008 2:09 PM | Report abuse

oh well, i guess we will all find out soon enough.

Posted by: 12thgenamerican | November 9, 2008 2:02 PM | Report abuse

rrau22,try some facts instead of blabber.

Posted by: 12thgenamerican | November 9, 2008 2:00 PM | Report abuse

12thgenamerican-you're really out in the woods. The GW-Cheney Repubs are a disease!

Posted by: rrau22 | November 9, 2008 2:00 PM | Report abuse

the tax increase of 93 also included a tax on social security benefits, for all you victims out there.

Posted by: 12thgenamerican | November 9, 2008 1:59 PM | Report abuse

12thgenamerican-my family goes back to before the American Revolution and many fought in it and my advice to you is, say your goofy stuff, but invest because under Obama and the 'dems', you will be a lot better off in 8 years than you have been in the last 8 year disaster.

Posted by: rrau22 | November 9, 2008 1:58 PM | Report abuse

all you dems who think that clintons huge tax increase of 1993 is what powered the 90's economy better look again. it was the capital gains tax cut repubs passed in 94. it says you can sell your house and keep the money if married up to a half-million,if single up to a quarter million. i bet you didn't even know that did you? well obama is going to put it higher than it was for the 35 years before 94. ain't no realestate happening after he takes office.

Posted by: 12thgenamerican | November 9, 2008 1:56 PM | Report abuse

All the arguments against Obama's economic/tax plans are simply echoes of the Repub arguments of 19993-94 against Clinton's economic recovery program-which worked! Now there is a small percentage of bad losers from 1992 and later that insist the program did not work but their arguments are nothing other than idiotic. The National Center for Policy Analysis, in 1994, shot the Clinton-Gore plan full of holes. Several years later when the country was in one of its best economic periods, here's what the smarter people had to say:
" "My colleagues and I have been very appreciative of your [President Clinton’s] support of the Fed over the years, and your commitment to fiscal discipline has been instrumental in achieving what in a few weeks will be the longest economic expansion in the nation’s history."
— Alan Greenspan, Federal Reserve Board Chairman, January 4, 2000, with President Clinton at Chairman Greenspan’s re-nomination announcement

"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits."
— Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994

One of the reasons Goldman Sachs cites for the "best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
— Goldman Sachs, March 1998 "

Posted by: rrau22 | November 9, 2008 1:55 PM | Report abuse

the first thing he will do will be an executive order reversing the drilling for oil off shore that bush issued. the dems are poised to drive this economy into the ground like a tent peg. all the policies they will enact will kill this country. it won't take long to see the effects either. they will pass a law that says cities can sue gunmakers for the violence that the gangbangers are perpetrating. you are looking at the starwars bar scene charactors taking over.

Posted by: 12thgenamerican | November 9, 2008 1:48 PM | Report abuse

Obama is far too intelligent a person to cause the kind of damage that Bush & Co have caused over the past 8 years. Essentially anything he does will be better for our country than what Bush and his fellow Republicans have done to us for the past 8 years.

Posted by: laSerenissima2003 | November 9, 2008 1:47 PM | Report abuse

Speaking on ABC's "This Week," Emanuel also hinted that the president-elect would not postpone a tax hike for families earning more than $250,000 a year, despite the deepening economic slowdown

Hope you do what you say you will, Rham...

Posted by: thegreatpotatospamof2003 | November 9, 2008 1:45 PM | Report abuse

"What, me worry? Obama is heard saying about the huge budget deficit that will grow even more if these huge tax cuts are implemented next year."


Sure wish I heard rightwingers moan about the huge deficits that Bush ran up when he cut taxes for the wealthy and then spent hundreds of billions of dollars on a pointless war in Iraq.

Posted by: castanea | November 9, 2008 1:39 PM | Report abuse

We cannot afford not to adopt single payer national health insurance.

We pay twice and more than any other country in the world for health care and rank # 41 in quality of health care i.e. life expectancy.

If we have money to fund the occupation of Iraq, bailout banks, subsidize Israel and agribussiness and give tax cuts to the rich, surely we have the money to provide all Americans with basic medical care, especially since we are now spending twice as much as other countries with national health insurance.

It's time for national health insurance.

Posted by: smi2le | November 9, 2008 1:28 PM | Report abuse

Here we go again, dishonesty through an intentional blurring of definitions and an incomplete recitation of facts. Just two of many points:
- If illegal immigrants are excluded, American incomes do not look nearly so bad as claimed by the socialist majorities in Congress. Additionally, poverty has actually been reduced. But so be it, the socialist coup has been enabled by a compliant and supportive press.
- Just like the attempt to blur legal immigration with illegal immigration by mixing the statistics of the two groups, so "tax cut," is being used to hide a massive wealth re-distribution and expanded welfare scheme. The Earned Income Credit, means that a large group of folks will get receive more from the federal government than they pay in taxes. About half the folks in this country have no net tax liability to the federal government; they get to vote for programs for which they don't have to pay.

Leni Riefenstahl, you had nothing on these jokers.

Posted by: quietpatriot1776 | November 9, 2008 1:24 PM | Report abuse

Reaganomics is the only way out for him.

What goes under the bus, career or ridiculous class warfare ideology?

Posted by: ii00 | November 9, 2008 1:23 PM | Report abuse

If Democrats stubbornly pursue this campaign promise to raise taxes on the wealthy, including small businesses, capital gains, dividends, etc. the economic downturn will get even uglier. The Dems who love to use the scientific consensus argument to promote their global warming agenda should consider the consensus of the worlds economists who warn against a tax increase during a recession.

Posted by: lValerius | November 9, 2008 12:46 PM | Report abuse

By all means. keep supporting Legal Americans, on un-Employment, because there are not enough jobs, while claiming we NEED the 30 Million Invasarios to do all those Construction, Landscaping, Auto, Services, Etc., work-Americans WON'T Do!

Hint; They'll do them for a FAIR Price! Always did!

But, UNFAIR, is what is being allowed!

UNFAIR, is our Federal Government NOT checking Employee IDs, and fining the Criminal Employers! NO ONE ELSE CAN!!!!

UNFAIR, is an employer getting away with paying someone here illegally, or on the Lam, $10/Hr. to do work "Under the Tax Table". That is about all THAT employee(Who does not really exist) Costs! No Insurance, Social Security, Payrolling, Un-Employment(Ahem!), or other Bennies!

$10/ Hr. to a Legal Worker, means an additional $4-8/ Hr., while that poor Schmuck, only takes home $7.50!

That, is UNFAIR!

Job Shortage? Try re-training People to become Federal ID Checkers!

Then, you might find several MILLION Jobs offering REAL Wages "Magically" Re-Appearing!

Posted by: SAINT---The | November 9, 2008 12:43 PM | Report abuse

"What, me worry? Obama is heard saying about the huge budget deficit that will grow even more if these huge tax cuts are implemented next year.

Posted by: kingsbridge77 | November 9, 2008 12:38 PM | Report abuse

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