TPMDC Saturday Roundup
Obama: Administration Will Increase Credit Availability
In his newest YouTube address, President Obama announced that his administration will soon be rolling out a new set of policies for the financial system to ensure that credit finds its way to businesses and families, though no specific details have been announced just yet:
"We'll help lower mortgage costs and extend loans to small businesses so they can create jobs," said Obama. "We'll ensure that CEOs are not draining funds that should be advancing our recovery. And we will insist on unprecedented transparency, rigorous oversight, and clear accountability -- so taxpayers know how their money is being spent and whether it is achieving results."
No Obama Or Biden Events Today
President Obama and Vice President Biden do not have any public events scheduled for today. (Late Update: It should be noted that President Obama is speaking to the Alfalfa Dinner in Washington tonight, but this event is not public -- it is closed press.)
Steele Speaks to House GOP, Praises Vote Against Stimulus
Michael Steele addressed the House Republican Retreat today, his first interaction with the Congressional GOP since he was election RNC chairman yesterday. Steele praised the caucus for voting against the economic stimulus package: "I thought it was very important to send a signal, and you sent it loudly, very clearly, that this party, the leadership of this caucus, would stand first and foremost with the American people. You made it very clear that in order to grow through this recession that you not redistribute the wealth of the people of this nation."
Daschle Nomination Runs Into Tax Problem
Tom Daschle has now filed an amended tax return in order to pay $128,000 in back taxes, plus $12,000 in penalties, for his failure to properly pay taxes relating mostly to his work for the equity firm InterMedia Partners. Daschle is still expected to be confirmed as Secretary of Health and Human Services, making him the second Obama cabinet officer after Tim Geithner to be tripped up by the tax code.
ABC: Gregg Could Be Picked For Commerce On Monday
ABC News reports that Sen. Judd Gregg (R-NH) is now the leading candidate for Secretary of Commerce, and could be announced as early as this Monday. If Gregg does end up joining the Obama Administration, this could potentially give the Democrats the 60th Senate seat -- New Hampshire has a Democratic governor who would make an appointment, and in Minnesota it still looks like Al Franken is the most likely winner of their disputed election.
Reid Staffer Detailed To Work For Burris
Harry Reid's office has announced that staffer Darrel Thompson will now be working on detail for Roland Burris, serving temporarily as the appointed Illinois Senator's chief of staff. Thompson served as chief of staff for Barack Obama's Senate campaign in 2004, and will now be helping Burris get his own office up and running while still holding his position as a top Reid adviser.
SEIU Rolls Out Pro-Reid Ad In Nevada
SEIU has announced that they are now running this ad in Nevada on statewide cable TV, praising the work of Harry Reid as Senate Majority Leader:
This ad comes after the National Republican Senatorial Committee began their own ad campaign against Reid, targeting the Democratic leader as he goes into his 2010 re-election campaign.
















Awesome. Does this mean he'll be calling for all of those Wall Street Bankers to return their bonuses?
January 31, 2009 1:13 PM | Reply | Permalink
This will be the talking point ad nauseum. "President Obama wants to redistribute wealth!!"
Sure, it didn't really work in the general election, but it did stick. Expect this to be the description that's used by Republicans in any discussion of the stimulus program.
It gives me a migraine. They're basically saying "Screw you" to the American public.
January 31, 2009 2:00 PM | Reply | Permalink
The American bozo's don't want wealth redistribution? Great, let's not distribute the debt to next generations. Let's tax the shit out of everyone and pay off the deficit. The American People broke it with Bush, Raygun, and Bush, let'm fucking buy it, now.
January 31, 2009 4:00 PM | Reply | Permalink
The Gregg nomination is... EXCELLENT NEWS FOR THE REPUBLICANS. (Sorry, couldn't resist). It really does leave the Senate Republicans in something of a bind.
January 31, 2009 1:14 PM | Reply | Permalink
They asked for it. So we supplied it.
February 1, 2009 10:11 AM | Reply | Permalink
One has to believe that the Obama Administration would know who Gov. Lynch would name to replace Sen. Gregg, otherwise it makes little sense. I mean is Gregg really the best person for Commerce, head and tails above the rest after an exhaustive search? So much so that having him replaced by another Republican would be worth it?
I still think the plan is for Gregg to turn it down at the request of Senate Republican leadership to out themselves as playing partisan games. Gregg will have a hard re-election challenge in 2010, and might want to go out this way, rather than losing his seat. Also after being part of a Democratic Administration, he could run again with bonafide cross party credentials. Heck, just playing along with Obama now will give him something to run on in two years time when trying to hold his seat.
The Senate GOP will try and get a read on Lynch as well - but given the recent Blago mess, everybody will be tiptoeing around any such probing. The Obama Administration saying they don't know who Lynch will name, and that he could very well name a Republican is playing the game (at least I hope so).
How is voting down the stimulus "standing with the American people"? It's blatant politicking. But i guess that's what the Party Chairmen have to worry about first and foremost.
Steele isn't above trying dirty tricks to win elections, he's pretty much anything goes - so Kaine and the DNC better be on their toes.
Daschle is going to have a lot of problems because powerful people don't want him in the position and generally want to throw a wrench into Obama's healthcare plans. What the hell is wrong with people not paying their taxes? Did the Bush Cabinet have these tax issues? It's ridiculous.
January 31, 2009 1:26 PM | Reply | Permalink
How long does it take you to come up with convoluted shit like this?
January 31, 2009 2:03 PM | Reply | Permalink
Pretty long as I'm a slow typer.
January 31, 2009 2:10 PM | Reply | Permalink
It was quite by chance that HBO was showing The Breakfast Club this morning and it finally clicked where you got your avatar from.
Good stuff.
January 31, 2009 6:49 PM | Reply | Permalink
January 31, 2009 8:24 PM | Reply | Permalink
Damn, that's been bugging me forever.
February 1, 2009 10:10 AM | Reply | Permalink
The tax code is simply too complicated for ordinary CPAs, much less politicians and those of us around the kitchen table clutching our hair in outrage.
Gingrich already outed Steele as being someone who can use the media effectively. Translation? Manipulating the "image" is what will win the day for the GOP. Will it work? Stay tuned.
January 31, 2009 1:48 PM | Reply | Permalink
It's already started. The Obama Plan will redistribute the wealth of hardworking Americans to illegal immigrants and people on welfare. You know, those people.
No wonder Obama has come out so harshly against bonuses on Wall St.
And speaking of said bonuses, I could hardly believe that the question of the day on MSNBC this morning was "Should Obama have gone after Wall St. so strongly? Is it wise for him to start a war with Wall St.???"
To his credit, my least favorite wingnut Republican "analyst" (Joe Watkins) said "Of course it was!"
January 31, 2009 2:04 PM | Reply | Permalink
I'm not so sure that "redistribution of wealth" and "class warfare" are going to work this time. We've had the AIG folks going on luxury spa trips which they "tried" to keep secret; the luxury corporate jet from France; and now very well-scrubbed and well-rounded Wall Streeters letting us all know how they are captains of finance and so "deserve" bonuses paid in a climate where we've all realized we've been fleeced.
Look, the GOP was paid for by the bankers, Wall Street, and the business interests. And they've been getting their way since Reagan. As a result, they've brought down yet another Great Depression on us.
We'll see if adjusting the PR image works for the GOP.
January 31, 2009 6:04 PM | Reply | Permalink
"Commerce Secretary Gregg .... hmmm. Has a nice ring to it." I bet that's exactly what he's saying to himself right about now. Gregg's taking it. No way he leaps at the first opportunity. The post is a plum position which will secure Gregg's lobbying future or maybe a career in giving speeches in Dubai or Shanghai or New Dehli. Or perhaps he go off and be an economics school provost somewhere in New Haven or Cambridge or London--all just in case he decides to leave politics. He sees that the GOP is a sinking ship, he's jumping.
For every Republican senator attacking him as Sen. Benedict Arnold there'll be two others wishing it was them. What does it matter that you'll be persona non grata among some Republican circles when the GOP has a persona non grata problem the size of Rush Limbaugh's ballooning head. After all, the Obamites delivered a cruel blow to the Republicans by branding them all comedians. Rush Limbaugh and the Republicans' traveling band of old, white, privileged, pill-popping, womanizing, mananizing, teenanizing crochety and Jesus-freaked out men. It must really suck to be a Republican right now. There's no Rove to turn to. Conyers is going to have him up on the Hill or in handcuffs.
There's very little downside for Gregg. he was no shoe-in for re-election in an increasingly democratic state. No doubt he sees factionalism and loss of influence that beset Besides, he'll be seen as a bipartisan knight. And he'll get himself written into the annals of history for serving on a historic Presidential cabinet. He'll be on Obama's grecian urn.
The Obama administration has proven they're no amateurs.
January 31, 2009 1:49 PM | Reply | Permalink
Boy you got that right!
The wagging tongues proclaimed the Limbaugh attack "the first mistake"
January 31, 2009 2:11 PM | Reply | Permalink
I hate to say "I told you so" but I told you that Gregg was a real pick not a Reid bungle
Now I am in great spiritual pain because I do so hate doing what I just did
January 31, 2009 2:12 PM | Reply | Permalink
And yet, deep down, it's satisfying, isn't it?
You know it is. You do.
January 31, 2009 2:17 PM | Reply | Permalink
I am waiting specifically what Obama's TARP policy ends up being before I make any judgments.
The WaPo article stating that there will be no changes in compensations for Wall Street who take bonuses does not look encouraging.
January 31, 2009 2:14 PM | Reply | Permalink
My prediction is he will VETO if there is no tax relief for those making less than 250,000 in income.
January 31, 2009 3:36 PM | Reply | Permalink
Gregg. I don't know much about him. I still feel that Olympia Snowe would've been..... cooler. That's all I've got, it's Saturday.
January 31, 2009 2:33 PM | Reply | Permalink
Why take her out of the Senate?
January 31, 2009 3:42 PM | Reply | Permalink
Except Snowe is your filibuster breaker.
January 31, 2009 6:54 PM | Reply | Permalink
There's a trade-off there - Snowe might be more likely to switch to the Dem side on cloture votes than Gregg, but on the other hand Maine is more reliably Democratic in statewide elections than NH once you get someone new.
February 1, 2009 10:12 AM | Reply | Permalink
The republicans weren’t looking out for the American people they never do, they were looking out for their own narrow, outdated and dangerous political agenda that was proven wrong by the American people. Steele is the perfect guy to keep the republicans in the wilderness for a very long time. By the way where were the republican’s solutions and ways to get our economy on track? Oh yeah have none. They just said no.
January 31, 2009 2:43 PM | Reply | Permalink
Gee, I wonder why the vast redistribution of wealth UPWARD -- which has been going on since about 1980 -- never seems to bother these guys, if they think redistribution is so vile. There's a mystery...
January 31, 2009 3:41 PM | Reply | Permalink
There is our talking point. Every time they whine about wealth distribution it gives us an opening to go on a rant about Wall Street corruption, war profiteering, etc. Let the class war begin!
January 31, 2009 4:36 PM | Reply | Permalink
I sure hope the Senate does a good job and get some of the spending out of that plan that doesn't directly target job creation to help get the most votes possible. Not saying that some of those programs are good,
Now isn't the time for a lot of that spending. I'm with Claire McCaskill on this. The Democratic House got a little too excited with this.
January 31, 2009 3:43 PM | Reply | Permalink
I sure hope the Senate puts MORE spending into the bill and fuck the GOP votes. Get enough to get cloture than I don't give a shit if we only get 50 votes and Biden has to break the tie. Get the most infrastructure (rail in particular) spending in there as you can and make it the best economic bill possible and fuck the GOP, they will not vote for it anyway no matter how watered down and ineffectual it is. The viability of the GOP long-term means that Obama has to fail or they are screwed. The entire planet knows which party ran the nation into the ditch. If Obama is even mildly successful, the GOP are going to go the way of the Whigs.
January 31, 2009 6:57 PM | Reply | Permalink
More direct "create jobs" spending and less of the stuff Sen. McCaskill talked about and that the GOP raise a stink about. Most GOP don't say it's too big, but they cherrypick a small portion and then say it's a Dem pork project. If it was gutted to the bare bones and purely a work creation stimulus the Dems could probably get more spending added because there would be nothing for the GOP to bitch about. You give them an opportunity to cherrypick and you give them reason to vote against it.
If they're intent to vote against it, at least make them look as foolish and partisan as possible.
January 31, 2009 8:20 PM | Reply | Permalink
Look, this bill is going to pass. All Claire has to do is recognize that she's in the Senate where another version of this bill will pass and then the final details get hammered out in conference when the House and Senate versions are reconciled.
Really, one can tell that Claire is a fairly new Senator (2006 election). Zip the lip on complaints about House Dems and reserve the criticism for the GOP. She didn't so her newness is showing.
And, really, Jonze, the GOP is gonna complain no matter what we put in any bill. I don't think we have to listen to them as if they are in the driver's seat. They aren't, you know.
January 31, 2009 11:54 PM | Reply | Permalink
We forget that the President can veto the current bill.
January 31, 2009 3:44 PM | Reply | Permalink
Michael Steele Assures His Base: 'I'm Hack Enough'
http://satiricalpolitical.com/?p=5885
January 31, 2009 4:31 PM | Reply | Permalink
I have an excellent idea for a jobs bill. Pass a bill that taxes the shit out of corporations that export jobs overseas. Don't give them a tax break. Tax them. That will create job growth instantly.
February 1, 2009 8:44 AM | Reply | Permalink
I like the proposal surfacing on many comment boards that as condition of the bailout of these banks, the Usuary level interest rates on credit card balances be signficantly reduced or eleminated to help over-extended consumers pay off the principal not just never ending and steadily increasing interest. Consumers would have to COMMIT to and maintain a regular payment schedule. Everybody wins, except the greedy bankers who want it all.
February 1, 2009 9:02 AM | Reply | Permalink