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Friday, January 19, 2018

Obama Must Get Bold, Tell Republicans ‘It’s On’

Aug. 19 (Bloomberg) — As he golfs and bikes on Martha’s Vineyard, President Barack Obama will have plenty of time to think about how to get his presidency back on track.

Some aides are calling the major speech he plans to deliver after Labor Day a “reset” of his administration. That may understate its political importance.

Obama prides himself on being a clutch player. Although the election is still 15 months away, the speech is like a critical third-and-long in football. Victory doesn’t depend on conversion, but it sure would help. If fall brings no better news than summer, the president could enter 2012 trailing Texas Governor Rick Perry, a guy who thinks Social Security is a “Ponzi scheme” and that the chairman of the Federal Reserve is a traitor.

Obama must work on two tracks — one idealistic, the other practical. The moment calls for him to offer a big vision for how to fix the economy, even if it doesn’t have a prayer of passage. Then he should unveil smaller actions that could win congressional approval, plus a few imaginative executive orders that might let him move the needle on employment unilaterally.

The big revelation this week about the president’s strategy is that he will be specific about where he thinks the new special congressional committee should find the additional $1.5 trillion in deficit reduction called for in the debt-ceiling deal. I’m told by the White House that contrary to House Speaker John Boehner’s claims, Obama did send Boehner a short paper that detailed trillions in savings during their unsuccessful “grand bargain” negotiations in July, but it was never released publicly. This plan will be.

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3 Responses to Obama Must Get Bold, Tell Republicans ‘It’s On’

  1. Mr. Alter;

    Pres. Obama could start by cutting corporate taxes. That $1.5 trillion would go a long way towards increasing America’s competitiveness and create millions of new jobs. And no new government workers (who do not add to the country’s wealth) would be needed to effect it.

    Additionally, government revenues would actually increase due to the gain in economic activity.

    This would certainly be a new idea to Pres. Obama and be a winner for all.

    Dik Thurston
    Colorado Springs

  2. “Obama will have plenty of time to think about how to get his presidency back on track.”

    His presidency is and always has been very much on track. It is simply continuation and amplification of the Bush presidency with the occasional crumb to the American people. He has consistently fought for the wealthy and against the American middle class.

    “Obama prides himself on being a clutch player.”

    True. No matter how complicated or difficult the situation, Obama will always find a way to surrender everything to the Republicans.

    “Obama must work on two tracks — one idealistic, the other practical.”

    Obama is totally devoid of idealism. To really understand how devoid, check out the words to the Beatles song about the nowhere man.

    “The big revelation this week about the president’s strategy is that he will be specific about where he thinks the new special congressional committee should find the additional $1.5 trillion in deficit reduction…”

    So he will be specific in just how he will destroy the social safety net that so many middle class Americans have contributed to and depend on. And you think that is just great. Are you not allowed to mention “tax increase”

    “That would mean the president would “pay for” every dime of new stimulus.”

    Bull!!! What it means is that the middle class will pay for ever dime of the new stimulus and the criminals that caused this economic disaster will pay nothing.

    This president can be depended on to go along. He will do nothing bold unless it helps the wealthy and hurts the middle class.

    He is much more likely to follow the destructive discredited suggestions of Dik Thurston than he is to do anything that will put this country back together.

  3. There never was and never will be any growth by cutting corporate taxes. This is one of the biggest myths in our lifetime. There is no data to substantiate this claim. If you repeat it enough, everyone parrots the same line. Most corporate cash is reinvested overseas or donated to havens dedicated to destroying candidates like Obama. Wall Street crooks OWN the government and time and again are issued get-out-of-jail cards for FREE, when most of them should be taken out back of the wood shed. That is what Obama needed to do day one. He lost that opportunity for CHANGE.

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