The NY Times describes the trial ballon floated by the two chairs of Obama's "Who'd Like Some Lima Beans And Spinach" Commission:
The plan calls for deep cuts in domestic and military spending, a gradual 15-cents-a-gallon increase in the federal gasoline tax, limiting or eliminating popular tax breaks in return for lower rates, and benefit cuts and an increased retirement age for Social Security.
Those changes and others, none of which would take effect before 2012 to avoid undermining the tepid economic recovery, would erase nearly $4 trillion from projected deficits through 2020, the proposal says, and stabilize the accumulated debt.
It looks like there is something DOA in there for everyone.
Here is where we are in the process:
Their outline will be the basis for negotiation within the commission, which has a Dec. 1 deadline for submitting a final plan. It represents a challenge to both parties: to Mr. Obama and the Democrats, to show in the wake of the midterm election that they are serious about their pledges to address long-term deficits, and to Republicans, who for the most part have ruled out consideration of tax increases even as they have promised new adherence to fiscal responsibility.
...Under Mr. Obama’s executive order creating the panel of 12 members of Congress and six private citizens, 14 of the 18 commissioners must agree in order to send any package to Congress for a vote in December. The Senate majority leader, Harry Reid of Nevada, and Ms. Pelosi, who will remain the speaker until January, have promised in writing that the Senate would vote first and, if it approves a plan, the House would vote.
Andrew Sullivan has an excellent round-up of reaction.
Via Glenn we see that Bryan Preston hates the gasoline tax and the end of the home mortgage deduction.
As to the gasoline tax, I have previously backed calls for a revenue neutral energy tax. A straight gasoline tax is not necessarily that, but I would want to defer judgment until we saw the whole package of cuts and increases. The Times does include this:
Their proposed simplification of the tax code would repeal or modify a number of popular tax breaks — including the deductibility of mortgage interest payments — so that income tax rates could be reduced across the board. Under one option, individual income tax rates would decline to as low as 8 percent for the lowest income bracket (it is now 10 percent) and to 23 percent for the highest bracket (now 35 percent). The corporate tax rate, now 35 percent, would be reduced to as low as 26 percent.
As to the home mortgage deduction, when interest rates are low (as now) and tax rates are low (as proposed), the deduction is not worth much (particularly for folks not high up on the income scale), so phasing it out over a few years is not too ghastly.
Obviously, the timing is made awkward by the fact that we would be throwing an anchor to the housing market as it tries to get its head above water.
Does anyone buy a house based upon the mortgage deduction? If you are isn't that a clue that you are biting off more than you can chew?
Posted by: mikey | November 11, 2010 at 10:08 AM
This is Bammy's chance to show if he learned anything from the elections (don't laugh too hard at that please). This will probably end up reminding people of when Clenis promised to support the findings of his bi-partisan group on social security reform where he typically pussed out and left Breaux hanging.
Posted by: Captain Hate | November 11, 2010 at 10:20 AM
I can't Captn, I'm a little under the weather,
the gas tax is a nonstarter, I'd like to see what nondefense cuts are under consideration
Posted by: narciso | November 11, 2010 at 10:24 AM
Every time I've bought a house I have calculated in advance the after-tax cost of servicing the mortgage--it's essential in placing a limit on what you can afford.
And that calculation is implicitly factored into the price in every purchase and sale.
Posted by: Danube of Thought | November 11, 2010 at 10:31 AM
If the Commission's report is causing you stress, look at some meat
Posted by: PD | November 11, 2010 at 10:31 AM
A nice thought experiment is to assume you are writing the very first tax code, with no concerns about preserving or canceling anything already built in.
I kind of think I would allow no deductions or credits of any kind. Each and every one of them (that I can think of) is an attempt by the government to reward through the tax system some sort of behavior that it favors. And the decisions are unavoidably political, meaning they are generally arrived at through corrupt bargaining.
Posted by: Danube of Thought | November 11, 2010 at 10:35 AM
It opens the sales counter for textbook "Rent Seeking" DoT. Do that for say 100 years and you end with with a tax code of a gazillion pages.
Posted by: Old Lurker | November 11, 2010 at 10:43 AM
Some of the smartest and hardest working people I know are tax accountants and tax lawyers. I often wonder how productive they might have been had they devoted their talents to something else.
Posted by: Old Lurker | November 11, 2010 at 10:45 AM
Obviously removing deductions--say for mortgages--will have to be phased in and one of the proposals--that it apply to second homes and homes over $500k is more palatable as a starter.
Posted by: Clarice | November 11, 2010 at 10:46 AM
Unexpected:
Posted by: Danube of Thought | November 11, 2010 at 10:48 AM
Dot, I'm with you... but the process of getting the government out of unsocial engineering ought to take place over a reasonable amount of time. Call it 10% a year across the board ... mortgage deductions, charitable deductions, deductions for children, corn and sugar subsidies, etc.
And, at the same time, to reduce the cost of social services, after the unemployment insurance part that you paid for, any extra welfare payments have to be earned by working for the city, state, or feds. Imagine how clean our country would be.
Posted by: sbw | November 11, 2010 at 10:50 AM
A two-pronged attack on middle class Americans. The left won't be happy until everyone is in dense government-subsidized tract housing, commuting in government choo-choos to and from their public-sector jobs.
Posted by: Dave (in MA) | November 11, 2010 at 10:54 AM
I'm with sbw; you can't just wean people immediately from something they entered into in good faith (I'm thinking mainly of the mortgage deduction). Phasing it out in 10 years would be relatively painless (not that some won't whine about how unfaaaaaaaaair it is).
Posted by: Captain Hate | November 11, 2010 at 10:56 AM
DoT, once again you've taken the words out of my mouth.
Al those czars and lap dog groomers in the WH an from something so simple as preventing the FLOTUS' humiliation at the mosque to POTUS' flop at the G20, no one is around to do the job.
Who needs a CiC with executive skills and an attention span over 5 mintures?
Posted by: Clarice | November 11, 2010 at 11:02 AM
What deals did Obama fail to deliver?
Posted by: RichatUF | November 11, 2010 at 11:03 AM
The crypto-socialists are going to try to tax energy in any way they can... It's part of their playbook.
Posted by: ~FR | November 11, 2010 at 11:04 AM
an Asia trip that was supposed to emphasize his stature abroad
Good to know we have a president who cares about the good of his country and that everything isn't just about him.
Posted by: PD | November 11, 2010 at 11:05 AM
Apparently, hyperinflation begins the moment the government
AGW must be dead .. now that the culprit of all culprits is now the “Tea Party”declares that there isn't anymore of "other people's money"gives up on raising taxes anymore.Posted by: Neo | November 11, 2010 at 11:10 AM
I agree, sbw. It will have to be done gradually, but I think it's worth doing.
Archaeologists a thousand years from now, when they unearth our tax code, are going to wonder WTF were these people thinking.
Posted by: Danube of Thought | November 11, 2010 at 11:16 AM
"Does anyone buy a house based upon the mortgage deduction?"
Why not? Tax benefits are part of the overall analysis of affordability. Future buyers will take the lack of deduction into account when determining offer prices for those same homes. Buyers will want to pay less since the implicit costs of the home are going up (i.e. no mortgage deduction). So if for every $100k in principal, there is approximately $100k in interest over the life of the loan (30yrs @ 5%). The present value of the tax savings (25% marginal rate) is approximately $12.5k. So for every $100k in current home value (hit by deduction limits) would result in a $12.5k reduction in the value of the home.
The loss of tax savings will be a cost just as insurance and property taxes are.
With that said, I can live with the deduction elimination only applying to 2nd homes and over $500k mortgage (I have no 2nd home, but I do have over $500k mortgage). This is as long as other proposals come to fruition: the government worker pay freezes, move to defined contribution (401k like) plans for govt workers and 10% cut in govt workforce.
Posted by: Jenny K | November 11, 2010 at 11:18 AM
How hard does one have to crack one's skull, for that statement to make sense, from the previous LUN
Posted by: narciso | November 11, 2010 at 11:20 AM
Rich, politico has the story on the G20 flop.
Posted by: Clarice | November 11, 2010 at 11:21 AM
Great comments on your link, narc; anybody reading Levin's "Liberty and Tyranny" can't in good faith call him anti-intellectual. It is scrupulously researched and cites all sources of conclusions.
Posted by: Captain Hate | November 11, 2010 at 11:30 AM
Rich,
Here's the Politico piece. It appears that Merkel and Jintao are alternating in playing 'Guess which finger I'm holding up?' with the Leader of the Whole Entire World.
Posted by: Rick Ballard | November 11, 2010 at 11:31 AM
What universe are we in when the same Congress and President that approved a still ongoing multi trillion dollar bailout of Wall Street criminals now turns around and tries to sell us this boatload of tripe?
Posted by: Thingumbob | November 11, 2010 at 11:31 AM
Well I was referring to the comment on Henry Luce's erstwhile creation, which has become for all intents and purposes, PM Magazine
Posted by: narciso | November 11, 2010 at 11:36 AM
From a broadcasting publication:
The co-chairs of the President's National Commission on Fiscal Responsibility and Reform have recommended zeroing out funding for the Corporation for Public Broadcasting as one way to help save $200 billion. -snip- According to a draft of the proposals, released Wednesday, that cutting the $500 million worth of funding for NPR and PBS stations is just one of many "painful" cuts that could help achieve that savings.
Posted by: Clarice | November 11, 2010 at 11:38 AM
OT, it turns out, it wasn't just dumb luck that nabbed the FSB ring, in the LUN
Posted by: narciso | November 11, 2010 at 11:43 AM
I would be happy to start with cuts at the Pentagon, frankly. Cut the personnel by 50%, and begin cutting back on some of the idiocy that major programs have become.
Costs are out of control for a number of reasons, and they can't seem to build ships that last nor deliver an Air Force, that if called upon to face a credible threat, wouldn't flame out in 60 days.
An army rumbling around in MRAPs in Afghanistan may be situationally necessary for short periods, but in reality we are not addressing the root causes and each of those vehicles will be worth exactly zero in any other conflict we get into in the forseeable future.
Rumsfeld was hated by the bureaucracy, but he had some good ideas on reining in costs.
Posted by: matt | November 11, 2010 at 11:52 AM
there's a lot more to this story than we are hearing, narciso. Thanks for the info.
Posted by: matt | November 11, 2010 at 11:54 AM
Well I was referring to the comment on Henry Luce's erstwhile creation, which has become for all intents and purposes, PM Magazine
I knew that; when I clicked on that link I just glanced at it briefly and quickly closed the tab. Do they ever post anything of substance on their blog?
Posted by: Captain Hate | November 11, 2010 at 11:54 AM
When I read about the elimination of the home deduction I immediately heard Johnny Mac in my ear, "You cannot be serious."
And, so likely they are not. I would not think that serious people would propose some changes made 60 years from now as a means of immediately reducing debt. But, giving something to a commission is nothing if not a fine means of unaccountable delay.
WTF is a registered mark of the Word Tax Forum. Unauthorized use is unauthorized.
Posted by: MarkO | November 11, 2010 at 11:56 AM
Laura Ingraham is just blasting Janet's fave, Big Head Jim Webb, for being such a poosy in trying to back away from his voting for Bammycare. Either own your vote or go back to writing books for NAMBLA's enjoyment.
Posted by: Captain Hate | November 11, 2010 at 11:59 AM
Unfortunately, some Dems are waking up:
Posted by: Danube of Thought | November 11, 2010 at 12:07 PM
they can't seem to build ships that last
The carriers last fifty years.
Posted by: Danube of Thought | November 11, 2010 at 12:08 PM
All Obama has to do is step through the door opened for him. Use the report to slash spending. Stab Nancy and Harry in the back by stepping to the right and working with GOP deficit hawks and tax cutters. Do a few dozen "mea-culpa, but mend it don't end it" speeches about ObamaCare, enough to fool the muddle into accepting that it "just needs some work." Give what Doris Kearns Goodwin will call in her boring interviews 15 years from now "Obama's famous 'I get it speech.'" Maybe a If he does all that, he'll head off any "moderate Dem" primary challenger (why vote for Bayh when it looks like Obama's doing okay now), grab enough of the muddle (who don't want one party to control the White House as well as the Congress, anyway), and win reelection. Why would they vote for Haley Barbour when "Well, it looks like Obama has gotten his act together now"?
I don't think he'll do it. He doesn't have the guts or the brains.
Posted by: Jim Ryan | November 11, 2010 at 12:20 PM
I meant to type "Maybe a Sistah Soljah" moment where he gives his far left wing a tongue lashing.
Guy's not a leftist. He's Zero.
Posted by: Jim Ryan | November 11, 2010 at 12:22 PM
The post about AGW being history fails to appreciate that higher ed in this country is now committed to making sustainability the primary goal of academic learning.
Literally.
LUN is the excellent "The Sustainability Inquisition" from yesterday.
Posted by: rse | November 11, 2010 at 12:34 PM
Rick B-- You are the best big guy. Yes ze Jeahmanns, the Koreans and the ChiComs are showing fearless leader a particular finger. Isn't it time ALL OF US here in the blessed USA do the same?
Jim Ryan-- I completely agree; the Commission was shockingly productive (I don't agree with their details of course, but coming from Washinton Pols --2/3rds Dems no less-- the report is realistic), and they gave Barry O a perfect opportunity to change course and triangulate like crazy against the Left-wing Dems in Congress. He won't of course, because-- He's an 'EFFIN ALINSKY MUPPET!
Posted by: NK | November 11, 2010 at 12:35 PM
They pulled this crap in 1986. Why Reagan went along with them, I'll never know. No one at the time believed for a moment that the Democrats would agree to any sort of domestic spending cuts to go along with the tax increases...
Why is it that whenever "tax reform" is bandied about, and "eliminating deductions" the first thing they think to do is screw the middle class, while leaving hefty tax-shelter deductions alone? Killing my mortgage interest deduction while only lowering my tax rate a couple of points would, in fact, increase my tax bill substantially. Besides, does anyone here believe they won't raise income tax rates again the first chance they get? Meanwhile, the mortgage interest deduction will be gone forever.Posted by: Spiny Norman | November 11, 2010 at 12:36 PM
My greatest concern is that he'll do just what JimR describes. But I think he's far too much an iron-brained ideologue to do any such thing. By all accounts he has never listened to anyone in his life.
Posted by: Danube of Thought | November 11, 2010 at 12:37 PM
For Veterans' Day: When the people of the U.S. become more civil, compassionate and loving towards one another (no Rush Limbaughs, Becks, etc.), they will not elect leaders who so hastily takes the country to war without trying to work problems out through diplomacy and negotations first...
Alert: Give tax breaks to the rich, which will cost Americans trillions of dollars, and then cut Social Security and Medicare to pay for it! We cannot keep taxing the people to death, while the wealthy and big business do not pay their fair share due to tax cuts, tax breaks, tax shelters, etc. Until we Replace Greed, with the principals of sharing and cooperation, we will be unable to solve our problems. Greed and tax cuts for the rich is not the answer -- it is the problem! They want us to Sacrifice, but how come the Rich don't have to sacrifice too?
Wake-up Call: The soon to be Speaker, John Boehener, is the man who recently campaigned for an Ohio Congressional Candidate who dresses up as a Nazi on the weekends! You know the Nazi uniform that stands for separatism, white power, kill off all Jews! This is who the U.S. Speaker of the House Palls around with -- God Help This Country!
Dems have to Stop making Deals with the devil, those who cloak themselves as Christians, yet act otherwise...., Christ said many shall Invoke my name, but I know them not!
Posted by: angellight | November 11, 2010 at 12:40 PM
DoT;
The Reagan just came after its first combat deployment and the readiness reports were deadly. It is a first deployment, but apparently it was one of the worst in memory.
Posted by: matt | November 11, 2010 at 12:41 PM
Jim-
Doubtful he'll get a primary challenge and it looks as if the administration is backing off any talk of a deal regarding the expiring tax cuts. He can say it is a teachable moment: tax cuts are "failed policies of the past", rasing taxes brought about the bountiful Clinton era economy, and higher taxes will bring in more revenue.
Let them all expire and see what happens.
Thanks for the link Rick. He's still on that gibberish about "doubling US exports" and going on about German and Chinese trade surpluses (and devaluing the dollar doesn't seem like the best idea to tackle the issue). Not surprised about the free trade agreement with South Korea. That'll be a dead letter until the end of his administration
Posted by: RichatUF | November 11, 2010 at 12:43 PM
Barry's Marxism is all about Barry. Barry does what he thinks will make him famous and powerful. Marxism was a means to that end, not a true ideology. He is not Cloward-Pivenist. It remains to be seen whether he has the mental agility to switch horses after 20 years on what is now an old nag. He has a choice of going down in flames or being what Doris will someday call a decent two-termer. I just don't think he is smart enough. To make that change would require someone with Bill's mental agility. Bill is Barry with 30 extra IQ points, a lot less heartless cruelty and a lot more sexual sleaze.
Posted by: Jim Ryan | November 11, 2010 at 12:48 PM
I can see angellight is as stupid as Eric Cantor about war re-enactors.
War re-enactors are geeks, not Nazis, you dopes.
Posted by: Jim Ryan | November 11, 2010 at 12:54 PM
angellight, that was an excellent parody, Bravo!
Posted by: Dave (in MA) | November 11, 2010 at 12:55 PM
JimR--
I agree on the conclusion-- Barry won't switch, he's certainly not Big Bill Clinton. They are both Narcissists, but as you point out, Clinton has far higher IQ, BUT Barry O IS a LEFT-WING IDEOLOGUE, Bubba was a politician first, most and last. Barry will go down in political flames because he is a hard left ideologue; he believes the historical dialectic will make him the dictator by consent -- like the ChiComs.
Posted by: NK | November 11, 2010 at 12:57 PM
Imagine the economic impact of a policy that said public sector salaries and benefits would be reduced one percent a year UNTIL private sector pay and employment recovered.
Not only would this policy (finally) align the interests of public sector employees with taxpayers and private sector employees but it would also create a "natural" test of the theory that public sector employees are "underpaid". By simultaneously monitoring the voluntary movement of public workers BACK TO the private sector (by field and pay grade) a realistic determination of relative pay could be very accurately discovered both generally and with respect to specific occupation.
No one could say that an annual 1% pay reduction is burdensome to public employees given the damage private sector workers have sustained recently. Isn't it also possible that business and investment attitudes towards future growth prospects would turn positively, relatively quickly, given this new alignment and promise of fiscal sobriety?
It could be that the economy would get back on track with little actual public sector pay decreases with sufficiently robust gains in "animal spirits". A small change, yes. But one that actually provides leadership towards a healthy outcome for every employee, public and private sector.
Win, win? No?
Posted by: jag | November 11, 2010 at 12:59 PM
OT,
A MayBee sighting: ">http://althouse.blogspot.com/2010/11/transportation-secretary-ray-lahood.html"> 6th comment down.
Posted by: daddy | November 11, 2010 at 01:00 PM
Jim-
I don't think that Obama has Dick Morris hiding out in the White House residence and the problems the Obama Administration faces aren't school uniforms and V-chips.
Posted by: RichatUF | November 11, 2010 at 01:01 PM
You could be right, NK and DoT. I just think he's about as much of a Marxist as Alice Cooper was a devil worshipper.
Posted by: Jim Ryan | November 11, 2010 at 01:03 PM
Rich, yeah, but muddle forgive and forget.
Posted by: Jim Ryan | November 11, 2010 at 01:07 PM
It is crap like this that just makes me fume:
These so called MFM "debates" are nothing more than a tool to manipulate and frame our candidates. Why can't folks wake up to this nonsens?
Posted by: centralcal | November 11, 2010 at 01:07 PM
Jim R,
It's a matter of depth - he's a Marxianist with a superficial understanding of the full intellectual gamut stretching from Marx all the way to Engels. I believe that you're correct regarding his essence - it's contained within the image on the mirror. His nose holding (rather than breathtaking) pig ignorance coupled with an inability to pivot other than to his left leaves him turning in circles.
I still say that he will claim victory in defeat and quit.
Posted by: Rick Ballard | November 11, 2010 at 01:09 PM
Has anyone else looked at the huge level of skepticism toward climate change and revulsion towards the IPCC from a November 2010 Scientific American survey of all places?
Dam may well be bursting just as we make it the centerpiece of both K-12 and higher ed.
LUN is the Cato story.
Posted by: rse | November 11, 2010 at 01:18 PM
Rick B.
I agree with your analysis, up to him quitting. Barry O is convinced that the dialetic of history will deliver him to victory in 2012 -- The youth vote! the Latino Vote! the Progressive Vote! blah blah blah. He'll be shocked by the reality of it all and go down in flames a la Carter.
Posted by: NK | November 11, 2010 at 01:26 PM
That is stunning, rse.
Posted by: Jim Ryan | November 11, 2010 at 01:33 PM
Christ said many shall Invoke my name, but I know them not
Fuck off angelight CH 3:16
Posted by: Captain Hate | November 11, 2010 at 01:35 PM
Jane told me I have to come back before she leaves on her cruise.
I do what Jane tells me.
Posted by: MayBee | November 11, 2010 at 01:36 PM
Doesn't everybody?
Posted by: boris | November 11, 2010 at 01:40 PM
MayBee is back. Hooray! See LUN for a welcoming back tune for MayBee.
Posted by: Thomas Collins | November 11, 2010 at 01:40 PM
NK,
He's a hot house flower, coddled and cozened to a forced early bloom and losing pedals with every passing minute. I'm finally noticing the change in appearance that Clarice has remarked upon in the past. He's coming unwrapped.
Posted by: Rick Ballard | November 11, 2010 at 01:40 PM
Imagine the economic impact of a policy that said public sector salaries and benefits would be reduced one percent a year UNTIL private sector pay and employment recovered.
Not enough. All the federal workers making $150k a year are off work today for a holiday while all the private sector workers doing equivalent jobs are hard at work today making $60k.
I say cut all public worker salaries in half and continue to cut every year until they are the same. And stop all government pensions. And make them all pay for their healthcare. And cut 50% of all public sector workers.
Just for a start.
Posted by: Jane | November 11, 2010 at 01:44 PM
Oh yes Rick; he's in mid-meltdown. This trip was nothing but a way to get him in front of people that aren't completely aware of what a joke he is; although they're not nearly as gullible as he'd like to think.
Posted by: Captain Hate | November 11, 2010 at 01:47 PM
Rick B-- very true. You know what else, deep down he and Michelle dislike America and Americans now more than ever before. When he finishes his burnout in 11/12, he'll let loose and curse us a racist war mongers blah blah blah. It will be a sight to behold.
Posted by: NK | November 11, 2010 at 01:48 PM
Hi MayBee! We missed you.
Posted by: Porchlight | November 11, 2010 at 01:49 PM
Hi MayBee!!!
Posted by: Extraneus | November 11, 2010 at 01:50 PM
CH-- good point about the trip. BHO is now learning that ze Jeahmans, ChiComs and Koreans know he's a Muppet, and are calling him out on it. He won't change of course, but his frustration and anger will grow just like any spoiled petulant brat when they stop getting their way.
Posted by: NK | November 11, 2010 at 01:51 PM
NK--
I'm betting with Rick B that we see the meltdown sooner.
Posted by: glasater | November 11, 2010 at 01:52 PM
GL-- you may be right. I just think his outsized self-love will keep him going until 11/12 smacks him in the face. He is also a coward of course, so maybe he bails before then. We'll see.
Posted by: NK | November 11, 2010 at 01:54 PM
"Billionaire Launches Campaign to Slash Social Security"
https://mail.google.com/mail/?ui=2&ik=88267944fa&view=att&th=12c3bd2e026a1d6e&attid=0.1&disp=inline&zw
Posted by: Sarah Eustis | November 11, 2010 at 01:55 PM
Welcome home Maybee!!!
JOM has a much nicer crew than Althouse:)
Posted by: glasater | November 11, 2010 at 01:56 PM
So....did anybody ask Obama about his 1992/1993 trip to Bali while he was in Indonesia? I bet not.
Posted by: MayBee | November 11, 2010 at 02:03 PM
The reason I say the meltdown could come much sooner NK is that unemployment is destined to not improve all that much in the coming year no matter how much POTUS touts any small growth in private sector jobs.
If the price of oil goes up to one hundred dollars a barrel--which is a prediction via QE2--I'm thinking unemployment could go much higher and spur inflation sooner than the bright guys predict.
Posted by: glasater | November 11, 2010 at 02:04 PM
I'm gonna miss Nancy.
Posted by: BHO | November 11, 2010 at 02:08 PM
I suspect that there have been many meltdowns that have been kept under wraps.
Posted by: Thomas Collins | November 11, 2010 at 02:14 PM
Reaga has indeed had problems since commissioning (she's homeported right Herr), but they are correctable and the ship will be around long after we're gone. And the other ten are doing just fine.
I believe Bath, Pascagoula and Newport News are awfully fine shipbuilders.
Posted by: Danube of Thought | November 11, 2010 at 02:19 PM
glasater-
He'll have the evil Reps in Congress to blame.
Jim-
Rich, yeah, but muddle forgive and forget.
True to a point, but grinding unemployment and higher prices have a way of concentrating the mind. I'm doubtful the muddle will embrace their inner Patrick Henry the way Jane has, but they'll move slowly away from the Obama emiseration program.
Posted by: RichatUF | November 11, 2010 at 02:22 PM
Obama's hair is grey now and he is like a deer in the headlights. His foreign policy is awful and once again he has Hillary playing clean-up in Israel. The Iranians are laughing at his outstretched hand and Russian journalists who tell the truth are getting beat up. Other than that this has been the best two years Evah according to Pelosi.
Posted by: maryrose | November 11, 2010 at 02:23 PM
*Reagan*
Pretty sure O was sucking fine weed and doing pharmaceutical blow while in Bali.
Posted by: Danube of Thought | November 11, 2010 at 02:23 PM
From the highly educated, sophisticated and, seemingly, rusticated MO:
We’re very proud, you know? When me and the president get a little tired because our work gets hard —
Could have been Karl Malone.
Posted by: MarkO | November 11, 2010 at 02:26 PM
GL--
Those are fair points, especially gas prices. What INFURIATES me about QE2 is the fact it is a giant tax increase on working Americans. debasing the dollar by 10-20% will increase world oil/gas pump prices 15-30 % voila $100-110/barrel, $3.00+/gallon at the pump; that steals purchasing power away from Americans. that's terrible for the economy, and will make Americans very angry. Barry's approval will go below 40%. Barry will be stunned; maybe he melts down. We'll see.
Posted by: NK | November 11, 2010 at 02:27 PM
"We cannot keep taxing the people to death, while the wealthy and big business do not pay their fair share due to tax cuts, tax breaks, tax shelters, etc. "
This Anglelight person keeps posting this same uninformed rant around the web. You can tell her that the top 1% of earners pay 38% of the tax, the top 5% pay 59%, the top 10% pay 70%, and the bottom 47% pay nothing at all, but then she'll post the same screed a day later. Nobody home, I fear.
Posted by: Danube of Thought | November 11, 2010 at 02:28 PM
" pharmaceutical blow." You and Dennis.
Posted by: MarkO | November 11, 2010 at 02:28 PM
NK- in Jeahmannee, that is now called the Stinky Finger.
Posted by: Frau Schiessgewehr | November 11, 2010 at 02:29 PM
Danka for ze Jeahmann lesson Frau S.
Posted by: NK | November 11, 2010 at 02:31 PM
More OT,
Local Talk boys discussing the testimony of Ted Danson about shutting down Chukchi Drilling. Their guests, who know the players, say that the interesting thing about the testifying, was that all the folks testifying in favor of allowing drilling were regular folks---people from the State not affiliated with Big Oil or big Advocacy groups, wheres the folks on the other side with Danson, were primarily massive Advocacy groups from out of State, possessing huge budgets and having out of state hired guns to do their Enviro-pleading.
Not unexpected, but just thought that I would mention it.
Posted by: daddy | November 11, 2010 at 02:34 PM
Me and Barack, we went to Ivy League school's.
Posted by: MO | November 11, 2010 at 02:40 PM
Could have been Karl Malone
Karl was honestly cut and ripped; I'll always appreciate him for opening up that little sneak Zeke Thomas. Plus when he was hoisting iron during the offseason in the broiling Looziana sun one of his buds said "Aren't you worried you're doing too much"; to which he replied "I'm afraid I'm not doing enough".
Some hilarious stuff by the AoS commentors: Today is the 6th anniversary of Arafat joining Mo the perv in Hell due to AIDS. Bottoms up.
Mega McCans on with Megyn Kelly giving a good visual contrast between RINOs and kickass wimmens.
Posted by: Captain Hate | November 11, 2010 at 02:42 PM
Whee,Maybee! I've been tired just racing around the innertubes tracking you. We worry, you know.
Posted by: Frau Schiessgewehr | November 11, 2010 at 02:45 PM
MayBee!
Posted by: Old Lurker | November 11, 2010 at 02:47 PM
Yay, Yay, Yay!!!
MayBee!
Posted by: daddy | November 11, 2010 at 02:48 PM
NK - "Schtinky" Finger
Posted by: Frau Schiessgewehr | November 11, 2010 at 02:52 PM
Who had 11/11 as the date for MayBee's reappearance in the JOM pool?
Not me.
I was guessing she'd show up on her birthday.
Posted by: hit and run | November 11, 2010 at 02:53 PM
Will the meltdown resemble this? LUN
Posted by: peter | November 11, 2010 at 02:54 PM
You've been greatly missed, MayBee.
My memory's fuzzy, but was it last year's G20 meeting when some of the major players were meeting without Obama until he tracked them down and banged on the door demanding to be let in the room?
Posted by: DebinNC | November 11, 2010 at 02:56 PM
Hey, MayBee.
never say never, donchaknow. ;;wink;;
Posted by: centralcal | November 11, 2010 at 02:57 PM
OT - new education report has achievement by black children much lower than expected. What does AG Holder have to contribute to that discussion? No mention about parents but interesting thoughts about throwing more money at such problems.
Sorry about the NYT LUN...
Posted by: Frau Schiessgewehr | November 11, 2010 at 02:58 PM
Wow, I go take a nap and Maybee shows up!
What a great day.
Posted by: Pagar | November 11, 2010 at 03:03 PM