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Geithner: Let Bush tax cuts for wealthy expire; Ex-CIA chief defends intelligence community; Dean: Fox News 'absolutely racist'

By Matt DeLong and Felicia Sonmez


Sunday Rundown: A quick Sunday talk show roundup.


ABC: THIS WEEK - Geithner: Let Bush tax cuts for wealthy expire

Treasury Secretary Timothy Geithner said allowing expiration of the Bush tax cuts for families making more than $250,000 per year was the "responsible thing to do," but he favors keeping cuts for middle class Americans in place. Geithner said he does not believe repealing the tax cuts for the wealthiest Americans will have a negative effect on economic growth. He described private sector job growth as "pretty good this early in a recession." Geithner praised TARP watchdog Elizabeth Warren as "probably the most effective advocate for consumer protection." Seeking to tamp down reports that he was not keen on her appointment to head the newly created newly created Consumer Financial Protection Bureau, Geithner said she would be an "excellent leader for that institution," but it was ultimately the president's decision.

New Jersey Gov. Chris Christie (R) said he "doesn't have an impulse" on whether his state should join other states in a lawsuit to block implementation of the new health-care law, but is waiting for his advisers to brief him on such a lawsuit. Christie said the television show "Jersey Shore" is bad for his state's image, and encouraged vacationers to come visit.


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CNN: STATE OF THE UNION - Ex-CIA chief defends intelligence community

Former CIA Director Michael Hayden defended the role of contractors in the intelligence community. "We can't go at this slash and burn, because contractors are key to an awful lot of our successes in the intelligence community," he said. Hayden said that while contractors may "get an opportunity to shape government policy," fundamentally, it's government employees and not contractors who make critical policy decisions, he said. Asked whether the high number of contractors with top-secret security clearances means that many have been cleared improperly, Hayden replied that "it's the other way around" and that "they all are held to the same standard." If there's any fault in the system, he added, "it's the difficulty we have of getting people cleared in a reasonable period of time." Hayden also said that proposed cuts of up to 30 percent in intelligence budgets "would certainly harm security."

Hayden said that he believes that the U.S. has "the right strategy" in Afghanistan, and that Iran, "if left to its own devices, will get itself to that step right below a nuclear weapon," a development that "will be as destabilizing as their actually having a weapon." He added that "it seems more likely" now that a military strike against Iran is possible, but it is "way down the list of options."

U.S. News and World Report editor and billionaire Mort Zuckerman and Forbes CEO Steve Forbes also appeared on the show to discuss the state of the economy. Zuckerman said that he's "more or less on the pessimistic side of things," noting that consumer spending "is either flat or going down," housing "has fallen off the edge of the cliff," and unemployment "continues to be a serious problem." Zuckerman also charged that the Obama administration has "demonized the business world." Forbes echoed those sentiments. He said that Obama is "clearly" anti-business and charged that he thinks those in the business world "are a bunch of greedy crybabies, and the business community is reacting to that." He also said that the economy has seen growth, but "it's not nearly the growth we should have given the severity of the hit the economy took in late 2008 and 2009."


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FOX NEWS SUNDAY - Dean: Fox News 'absolutely racist'

In a heated discussion on "Fox News Sunday," former Democratic National Committee Chairman Howard Dean said that Fox's conduct during the Shirley Sherrod firestorm last week was "absolutely racist" by helping the Republican Party appeal to its "racist fringe." "[Fox] had been pushing a theme of black racism with this phony Black Panther crap and this business and Sotomayor and all this other stuff. Host Chris Wallace shot back that Sherrod had already been forced to resign from her post at the U.S. Department of Agriculture before Fox News mentioned her name on the air. Appearing opposite Dean, former House speaker Newt Gingrich (R-Ga.) said the Sherrod incident demonstrated the White House's "continued incompetence." Gingrich deflected criticism of his own rush to judgment on the Sherrod affair, in which he called Sherrod's comments "viciously racist" before the unedited tape came to light, saying that he was "operating in the context of the secretary of agriculture having summarily fired her, and therefore there was no reason to disbelieve the clip." He added that"If the Obama administration is this afraid of Glenn Beck, how do they deal with the Iranians?" The Rev. Jesse Jackson said what Andrew Breitbart -- who first posted the edited videotape of Sherrod on his website -- did was "morally wrong."


Dean declined to call for Rep. Charlie Rangel (D-N.Y.) to step down after an investigative subcommittee found he broke unspecified ethics rules. "He did some things that look like they ought to get him thrown out of Congress," Dean said. "And if it turns out that he did them, he's going to get thrown out of Congress." Gingrich agreed that Rangel "has every right as an American citizen to defend himself." Gingrich said his is "seriously looking at" a run for the presidency. Dean praised Gingrich as a man with "ideas to move the country forward".


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NBC: MEET THE PRESS - Geithner: Economy is 'starting to heal again'

Treasury Secretary Timothy F. Geithner said the economy "is starting to heal again" but cautioned that "most Americans understand it's going to take some time to heal this."
He dismissed the notion that the U.S. faces the risk of a double-dip recession. "I think the most likely thing is you see an economy that gradually strengthens over the next year or two," Geithner said, noting that "we've got a long way to go, still." On financial regulatory reform, Geithner said that the best way to ensure against future crises "is to make sure the system runs with much thicker shock absorbers and much larger cushions and financial resources against loss."

Geithner also affirmed that the administration will let the Bush tax cuts expire. "I think it is fair and good policy to allow those tax cuts that only go to 2 percent or 3 percent of the highest earners in the country to expire as scheduled," he said. "The country can withstand that. The economy can withstand that. I think it's good policy." He added that he'd like to see the capital gains tax stay at 20 percent and that "we don't want to see the rate of dividends exceed that, either."


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CBS: FACE THE NATION - A roundtable on Shirley Sherrod

Host Bob Schieffer moderated a roundtable on race and the Shirley Sherrod firestorm featuring Georgetown University professor Michael Eric Dyson, Princeton professor Cornel West, Washington Post columnist Michael Gerson, Wall Street Journal columnist John Fund and Abigail Thernstrom, a Bush appointee to the Justice Department's Civil Rights Division. Dyson criticized the "reptilian repugnance" of the right wing, and disputed the notion he said is held by many white Americans, that because of the election of President Obama we are now living in a post-racial society. Gerson said it is "very dangerous" when people "take these [racial] issues and attempt to use them for political reasons," and pointed to the recent controversy over an alleged case of voter intimidation by members of the New Black Panther Party as an example. Thernstrom said there was "no evidence" anyone within the Justice Department made a decision not to prosecute the New Black Panther case -- which she described as "very weak" -- for racial reasons. West referred to Sherrod as "democratic nobility and black royalty. She's an American hero. She's a Christian soldier for justice."


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CSPAN: NEWSMAKERS - Levin: Afghan troops will take the lead

Sen. Carl Levin (D-Mich.) said that the Afghan army "will be in the lead" in Afghanistan, adding, "Those words are very significant to the American people and the Afghan people." He said that success in the country will be "gradual" and will be "marked by the ability of an Afghan government to have security and be able to retain security inside of its own borders."
Levin said the shift in leadership from Gen. Stanley McChrystal to Gen. David Petraeus "was seamless," adding that the administration and the country were fortunate to have Petraeus take over. "It was, I think, just a lucky break for us and for America's continuity of policy," Levin said. He added that he spoke with Afghan President Hamid Karzai about the change in leadership and that Karzai said things are going to be "fine" with Petraeus, for whom they "have a heck of a lot of respect." Levin also said he doubted that Petraeus will significantly change the rules of engagement. On the military's "don't ask, don't tell" rule banning gays from serving openly, Levin said that he believes there are enough votes to pass a bill which contains a "very modest provision" that would authorize the Defense Department to change the policy.

By Matt DeLong and Felicia Sonmez  |  July 25, 2010; 3:33 PM ET
Categories:  44 The Obama Presidency  
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Comments

Let ALL the Bush tax cuts expire. Return to the tax policies of Clinton. Don't use the current "crisis" as an excuse to have 100% of the taxes paid by less than 50% of Americans.

Posted by: kitchendragon50 | July 25, 2010 8:43 PM | Report abuse

Don't worry folks. OBamBam will keep the Bush tax cuts. First, that's the only way he can be bipartisan. Second, he has no cojones.

Posted by: sameolddoc | July 25, 2010 8:40 PM | Report abuse

Yup its the bible-thumping racist show, on display for all to see.

And even better, we have poor people arguing that rich people pay too much taxes, seemingly unaware that they are arguing for higher taxes for themselves.

But really the Best silliness of the day is the the argument that Term Limits will eliminate corruption, which flies in the face of all available evidence. Yes indeed, fresh new crops of clueless politicians, delivered like clockwork into a system filled with lobbyists with no term limits and lots of cash for bribes to broke young politicians looking for an edge.

Posted by: frantaylor | July 25, 2010 7:19 PM | Report abuse

I'm watching Fox News, right now. Newt Gingrich, and Chris Wallace, the Fox guy, are giving Howard a good going over. It's like watching the neighborhood bully, beat up a kid a third his size.
They're realy giving it, to Dean.
Dennis

Posted by: Shadowsmgc | July 25, 2010 6:12 PM | Report abuse

I'm watching Fox News, right now. Newt Gingrich, and Chris Wallace, the Fox guy, are giving Howard a good going over. It's like watching the neighborhood bully, beat up a kid a third his size.
They're realy giving it, to Dean.
Dennis

Posted by: Shadowsmgc | July 25, 2010 6:11 PM | Report abuse

Where's the post? Where are the comments, for and against Rangel?
Why won't the post allow us to discuss this Criminal, Tax Cheat, who's writing the tax laws, for Americans, and violating the same laws, and is apparently going to be allowed to walk?
Dennis

Posted by: Shadowsmgc | July 25, 2010 6:02 PM | Report abuse

Where's the post? Where are the comments, for and against Rangel?
Why won't the post allow us to discuss this Criminal, Tax Cheat, who's writing the tax laws, for Americans, and violating the same laws, and is apparently going to be allowed to walk?
Dennis

Posted by: Shadowsmgc | July 25, 2010 5:59 PM | Report abuse

Karl Marx was the one that came up with CLASS WARFARE. This battle is getting old and either way the money will not help our 14 trillion dollar deficit.

The FAIR TAX system and doing away with the IRS,cutting out "Government Stupid" agencies and CUTTING SPENDING will make a bigger dent, FASTER than anything to handle the deficit problem.

The private sector is the one losing jobs and it is time that the "Government Stupid" employees pick up some of the load. Lets start with the Post Office,it is losing money and can be bought out by UPS and Fed-Ex. The IRS employees would still have to collect the FAIR TAX but everyone would be PAYING TAX'S.
This is SOCIAL JUSTICE: TEAM-A group of people working together to achieve a common goal. A team is not about CLASS WARFARE. This team is WE THE PEOPLE. All of us paying for the United States Of America not just the one CLASS but all of us.

TERM LIMITS NOW !!

FAIR TAX NOW !!

DEATH TO JIHADISTS !!

SECURE THE BORDER!!

Posted by: 79USMC83 | July 25, 2010 5:08 PM | Report abuse

IF Republicans, Republicrats and the US (right-wing LYING) Media actually gave a SQUAT about the deficits, THEN they would be pushing for ending the Bush Tax cut for the top 2% of the Wealthiest Americans whom have 90% of the wealth of the country, for this would cut the deficits by about $1Trillion per year. To be exact we are talking about bringing the Taxes for this 2% to what they were during the Clinton area, you know when the country had a surplus rather than a Deficit. Instead not are the Republicans lunatics not pushing for ending the Bush area Tax cuts for the Top 2%, they even want it extended or made permanent.

IF Republicans, Republicrats and the US (right-wing LYING) Media actually gave a SQUAT about the deficits, if Republicans gave a SQUAT about reducing the amount of the money that the US Government has to borrow to operate THEN they would be for reducing the US Military budget, since it is Gargantuan beyond measure. To see how
Gargantuan US Military budget is just consider these facts:
A- US Military budget is larger than Military budget of all other countries on Planet Earth combined while today US economy is NOT even 15% of World economy!
B- US has 300,000+ troops in Europe and bases in almost ALL European countries, pumping something like 50Bill Euros per year of American Tax payers money into European economies as a result of these troops and bases, defending Europe from a non-existent enemy!

More:
http://RealNewsPost.com?n=ThinkDeep.38199

Posted by: Thinkdeeper | July 25, 2010 4:41 PM |

And if socialist democrats gave a hoot about they would cut money from the #1 government expenditure...entitlement programs for lazy Americans. They would also stop spending frivolous, meaningless programs and bureaus while stealing America's wealth only to redistribute it to people too stupid to survive in the private sector.

Posted by: scampbell1975 | July 25, 2010 4:47 PM | Report abuse

Well, I was looking for an intelligent political blog to debate on but this is certainly not intelligent. We've got 2 extremists on here spewing fear speak. What a couple of losers. You know who you are.

Posted by: scampbell1975 | July 25, 2010 4:42 PM | Report abuse

IF Republicans, Republicrats and the US (right-wing LYING) Media actually gave a SQUAT about the deficits, THEN they would be pushing for ending the Bush Tax cut for the top 2% of the Wealthiest Americans whom have 90% of the wealth of the country, for this would cut the deficits by about $1Trillion per year. To be exact we are talking about bringing the Taxes for this 2% to what they were during the Clinton area, you know when the country had a surplus rather than a Deficit. Instead not are the Republicans lunatics not pushing for ending the Bush area Tax cuts for the Top 2%, they even want it extended or made permanent.

IF Republicans, Republicrats and the US (right-wing LYING) Media actually gave a SQUAT about the deficits, if Republicans gave a SQUAT about reducing the amount of the money that the US Government has to borrow to operate THEN they would be for reducing the US Military budget, since it is Gargantuan beyond measure. To see how
Gargantuan US Military budget is just consider these facts:
A- US Military budget is larger than Military budget of all other countries on Planet Earth combined while today US economy is NOT even 15% of World economy!
B- US has 300,000+ troops in Europe and bases in almost ALL European countries, pumping something like 50Bill Euros per year of American Tax payers money into European economies as a result of these troops and bases, defending Europe from a non-existent enemy!

More:
http://RealNewsPost.com?n=ThinkDeep.38199

Posted by: Thinkdeeper | July 25, 2010 4:41 PM | Report abuse

Who has more creditability with the American people? Is it Treasury secretary Tim Geithner or BP Tony Hayward? And, What makes Geithner say the economy is gradually getting better and making a come back.

Secretary Geithner says private investment is expanding and some job growth for Wall Street financial companies. How many middle class Americans have invested lately? And, how many plan to get a job with Wall Street, or any financial institution?

American voters are more inclined to listen to CEO Blankenship of Massey Energy Coal Company who made statements that resonate with the American voters. He said that corporate business is what built American and we need to let it thrive.

The chairman of the board said that the Obama administration and the congressional Democrats have launched a “general attack on our free enterprise system” that includes government expansion, major tax increase, massive deficits and job-destroying regulations.

The nonpartisan Tax Foundation says tax have not increased. Secretary Geithner wants to increase taxes. Who will pay for Obama’s excessive deficit spending? Who will implement measure to containment/reduction of national debt? The answer is Repbulicans.

American voter agree with CEO Blankenship and will vote Republican as well as Independents will vote Republican and both are inspired by the Tea Party “grass roots” movement of American taxpayers. Read American history of Boston and the Stamp Act.

Posted by: klausdmk | July 25, 2010 4:40 PM | Report abuse

I did not watch the Fox show Howard Dean appeared on but I doubt that Dean praised Gingrich as the last sentence of that section states: "Dean praised Gingrich as a man with "ideas to move the country forward"." When did Dean become a Republican?

Posted by: chucko2 | July 25, 2010 4:17 PM | Report abuse

White House backed release of Lockerbie bomber Abdel Baset al-Megrahi !!

THE US government secretly advised Scottish ministers it would be "far preferable" to free the Lockerbie bomber than jail him in Libya.

Correspondence obtained by The Sunday Times reveals the Obama administration considered compassionate release more palatable than locking up Abdel Baset al-Megrahi in a Libyan prison.

The intervention, which has angered US relatives of those who died in the attack, was made by Richard LeBaron, deputy head of the US embassy in London, a week before Megrahi was freed in August last year on grounds that he had terminal cancer.

The document, acquired by a well-placed US source, threatens to undermine US President Barack Obama's claim last week that all Americans were "surprised, disappointed and angry" to learn of Megrahi's release.

http://www.theaustralian.com.au/news/world/white-house-backed-release-of-lockerbie-bomber-abdel-baset-al-megrahi/story-e6frg6so-1225896741041


Posted by: FraudObama | July 25, 2010 4:15 PM | Report abuse

$Filthy Rich Elitists want to maintain unfair Tax Cuts! - B.S. to the MAX! - If TAX Cuts for the Filthy $Rich was so great,- then why did it NOT create any Jobs during the Bush Economic Terrorist years? - Ha! - If the U.S. People are that Stupid,- then give more Tax Cuts to the USURY $RICH,- and see DEBT Increase, - more Jobs shipped over-Seas, more $BANKsters Bailed, POVERTY Increase, Families Suffer, and the Globalist CORPsters laugh all the way to their' tooo-Big Criminal $Investment BANKS!!!

Posted by: jward52 | July 25, 2010 4:13 PM | Report abuse

But, Why is Obama Destroying America. If you truly want to know what is going on; Then you will have to accept these things as the TRUTH. Once you understand the following things; All things will be understood. So I tell you Obama is the Anti-Christ, Satan on Earth, Lawless One, or what ever else you want to call this Demonic Figure. His words describe him, He is a False Hope, If you listen to him you will love him. He carries a Bow without an Arrow. He will conquer all through his speech, his false hoods will capture all who sit and listen to him.
2 Thessalonians 2:11-12
11And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.

Posted by: makom | July 25, 2010 4:08 PM | Report abuse

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