The Commentariat -- January 24, 2012
President Obama & his staff develop the State of the Union address:
My column at the New York Times eXaminer is titled, "He Said/He Said -- Fact-Free Reporting at the New York Times." The NYTX front page is here. You can contribute to NYTX here.
William Galston of the Brookings Institution & The New Republic on "five things to watch for in the State of the Union address." CW: P.S. Ignore what he says about globalization and technology. For more on this, see ...
... Dean Baker in the New York Times eXaminer, who writes that "David Brooks' ignorance is showing again." Brooks makes the same error Galston does. Baker, an economist, explains why "it was not globalization and technology that led to the upward redistribution of income, it was conscious policy." Think, for instance, "free trade" agreements.
... Michael Scherer of Time: "Warren Buffet’s [sic.] secretary will sit nearby Michelle Obama at tonight’s State of The Union Address.... Buffet has famously said that his secretary pays a higher tax rate than he does, since he benefits from a lower tax rate on investments, while she makes her money as regular salary. He finds this unjust. Mitt Romney wants to maintain this system, even as his top Republican rival now fights to lower Romney and Buffet’s effective tax rate to zero by eliminating all federal tax on investment income. Barack Obama, by contrast, wants to raise tax rates on those who make a lot of money from investments...." CW: See also the link to Greg Sargent's post in today's Right Wing World.
Nelson Schwartz & Shaila Dewan of the New York Times: "About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal taking shape among state attorneys general, federal officials and the nation’s largest mortgage servicers. But a final agreement remained out of reach Monday despite political pressure from the White House, which had been trying to have a deal in hand that President Obama could highlight in his State of the Union address Tuesday night.... But ... Democrats in Congress, advocacy groups like MoveOn.org and several crucial attorneys general said the deal might be too lenient on the banks."
Sen. Rand Paul's skirmish with the TSA was a Constitutional moment! Sunlen Miller & Matt Hosford of ABC News: "The U.S. Constitution actually protects federal lawmakers from detention while they’re on the way to the capital. 'The Senators and Representatives … shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their Attendance at the Session of their respective Houses, and in going to and returning from the same….' according to Article I, Section 6." Thank you, Sen. Paul, for inadvertently teaching me something I didn't know. Also, I like your conspiracy theory. (See video.)
Prof. Jonathan Laurence, in a New York Times op-ed, on how to integrate Muslims into European culture. CW: I found myself in disagreement with many of his suggestions, but Laurence is an expert and I'm not, so it's worth considering his viewpoint.
Low-Income White People Don't Like Any of the Top 2012 Presidential Contenders. Jon Cohan of the Washington Post: "One group that continues to elude Obama in his moderate resurgence on favorability is whites with annual household incomes under $50,000. Since December, whites with higher incomes are up eight points in favorable impressions of the president; those under the $50K threshold are basically unmoved at 40 percent favorable, 56 percent unfavorable. This is also a group — whites with incomes under $50K — that’s moved away from Romney over the past two weeks, with his unfavorable numbers jumping from 29 to 49 percent (exactly where Gingrich is as well)."
Right Wing World
Lori Montgomery, et al., of the Washington Post: "Mitt Romney offered a partial snapshot of his vast personal fortune late Monday, disclosing income of $21.7 million in 2010 and $20.9 million last year — virtually all of it profits, dividends or interest from investments.... According to his 2010 return, Romney paid about $3 million to the IRS, for an effective tax rate of 13.9 percent. For 2011, Romney estimates that he will pay about $3.2 million, for an effective rate of 15.4 percent. That’s in line with his earlier estimates, but sharply lower than the rates paid by President Obama and Romney’s closest Republican rival, Newt Gingrich." The New York Times story is here. ...
... Update: If you like reading Tax Returns of the Very Rich and Famous, Mitt Romney's are here.
... Greg Sargent: "I’m not sure the Obama campaign could have scripted this more perfectly. In a remarkable bit of good timing, President Obama is set to deliver a State of the Union speech focused on income inequality and tax unfairness on exactly the same day that Mitt Romney will reveal that he made over $40 million in the last two years — all of it taxed at a lower rate than that paid by middle class taxpayers.... Romney doesn’t just disagree with Obama on these fundamental issues; he personally symbolizes virtually the entire 2012 Democratic message. He is the walking embodiment of everything Dems allege is wrong with our system and the ways it’s rigged in favor of the wealthy and against the middle class."
... Meanwhile, the New York Times editors take a dim view of what is revealed by the one year's tax return Gingrich released: "He’s a shrewd broker of Washington influence, and about as 'establishment' — and cynical — as you can get." Here's a related Times news story with links to the Gingrich tax returns.
Nate Silver: Two polls of Florida GOP voters, the first "from Rasmussen Reports, puts Mr. Gingrich ahead [of Romney] by 9 points, 41 to 32. The second poll, from Insider Advantage, pegs Mr. Gingrich’s lead at 8 points. Both polls conducted all their interviews on Sunday in the immediate aftermath of Mr. Gingrich’s South Carolina victory."
"Newt Gingrich Was Deflated." Prof. Jonathan Bernstein, in the Washington Post: "Monday, without a hooting and hollering crowd, and with a moderator who mostly didn’t choose to get in a fight, the disgraced former speaker [Newt Gingrich] showed once again what a poor job he does when he engages with other candidates." CW: An interesting analysis of how little impact Gingrich's supposed debating skills would have in a general election. Also, on Sunday, a blimp flew low over my house, so low the passengers & I could wave to each other. It's the first blimp I've seen in Fort Myers in the nearly 12 years I've lived here. Since Newt Gingrich had just come to the vicinity, I immediately thought of him. But the blimp wasn't Gingrich. It was Democratic blue. ...
... Applause! Applause! So now Newt says he won't allow future debate moderators to instruct the audience to hold their applause:
In Florida, the Romney campaign is running this ad against Gingrich:
CW: quite a few readers have recommended Michael Moore's 1994 video "Newt and Mike Save America," which is a poem to Newt's hypocrisy:
News Ledes
President Obama will deliver his State of the Union address at 9 pm ET. U.S. News has a story here. ...
... Update. Politico: "President Barack Obama on Tuesday will urge Americans to come together on 'the defining issue of our time,' using his State of the Union address to emphasize economic fairness and set the agenda for his reelection campaign." Excerpts are here. ...
... Update 2. The Washington Post report on the SOTU address is here. New York Times story here.
Reuters: "Saudi Arabia's Gulf allies joined Riyadh on Tuesday in pulling out of an Arab League monitoring team to Syria, risking the collapse of a mission whose presence has not halted more than 10 months of violence. Envoys to the Cairo-based League will meet later in the day to discuss whether to call off the whole mission, Sudan's ambassador to the 22-member body said."
AP: "Sen. Mark Kirk of Illinois could lose full use of his left arm and experience facial paralysis after a weekend stroke that required emergency surgery, but his physician said Monday the prospects for a complete mental recovery are strong. Dr. Richard Fessler said it likely would be 'very difficult' for the first-term Republican senator to regain movement in his left arm, and that his left leg and face also may be affected. Kirk was in intensive care at Northwestern Memorial Hospital, where he appeared to recognize those around him and was responding to verbal commands, Fessler said." The Chicago Tribune story is here.
AP: "The White House said Monday that it's delaying for one week the release of President Barack Obama's budget for the 2013 fiscal year that starts Oct. 1. The budget is traditionally released on the first Monday in February — which is Feb. 6 — but the administration has pushed the release to Feb. 13. An administration official said the later date was 'determined based on the need to finalize decisions and technical details of the document.'"