Joe Biden visited his colleagues in Congress today, trying to drum up support for the tax cut framework announced by President Obama last night. I’m not thinking he was too successful. For instance, Carrie Budoff Brown reports that Mark Udall has offered his opposition to the deal. Mark Udall. Not a hard-charger along the lines of Bernie Sanders or Jerry Nadler. That suggests mainstream Democratic opposition, and I’m not yet convinced that the coalition of conservaDems and Republicans who can stomach the unpaid-for unemployment extension will have enough numbers to pass this thing. Yes, they’ll get the Joe Liebermans of the world, but will that be enough?
It took Nancy Pelosi almost a full day to come out with this statement:
“The tax proposal announced by the President clearly presents the differences between Democrats and Republicans. Any provision must be judged by two criteria: does it create jobs to grow our economy and does it add to the deficit?
“The Democratic provisions will create jobs and help 155 million workers through tax cuts for the middle class, helping working families who are struggling and growing the economy.
“The Republican demands would provide tax cuts to the millionaires and billionaires, fail to create jobs and increase the deficit. And to add insult to injury, the Republican estate tax proposal would help only 39,000 of America’s richest families, while adding about $25 billion more to the deficit.
“Republicans have held the middle class hostage for provisions that benefit only the wealthiest 3 percent, do not create jobs, and add tens of billions of dollars to the deficit.
“We will continue discussions with the President and our Caucus in the days ahead. Democratic priorities remain clear: to provide a tax cut for working families, to promote policies that produce jobs and economic growth, and to assist millions of our fellow Americans who have lost their jobs through no fault of their own.”
I’m going to call that less than an endorsement.
There’s a difference between this and the bailout, which used a threat of crisis to funnel money to the big banks. In this case, people have a very good understanding of tax rates, and can easily pick winners and losers. The “threat of crisis” is a 4.6% marginal tax increase for most Americans. That’s hard to turn into something existential, although it would hurt the economy somewhat. With unemployment insurance you can make a better case.
I’m not yet convinced this gets done. In the meantime, if I were the Senate I’d go ahead and try to ratify new START while this all gets worked out.
UPDATE: Daily Kos just came out in opposition to the deal, after their members opposed it 3-1.
UPDATE II: The President has called a 2:20 press conference, seemingly responding to the resistance from Democrats.





3 Comments


Support this site!
Subscribe to the newsletter
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About FDL News Desk
What is driving a lot of this is the simple fact, that OBAMA can’t win in 2012.
A black candidate that loses his hard core liberal base, can’t win a statewide election and in most states a citywide election, so OBAMA winning a national election with out hard core liberals is not going to happen!
Any democrats with a little knowledge can put 1 and 1 together, why follow OBAMA to the un-employment line. (this is common knowledge)
SELF PRESERVATION is taking over DC. (people can’t jump off the Obama bandwagon quick enough)
Obama mis-steps are becoming harder and harder to swallow.
Democrats can’t really go back to their districts today and tell federal workers thanks for taking one for the team, and on the other hand talk about how they gave the ultra rich a tax cut. (want be many people saying FIRED UP! and READY TO GO! after that speech)
SELF PRESERVATION IS GOING VIRAL IN DC!!! sorry OBAMA your toast, and everyone knows it!
Democrats have no choice but to primary OBAMA, no one is giving money to a candidate that has an 80% chance of losing.
Axelrod, Gibbs, making OBAMA Alan Keys was a very bad, bad, idea.
Obama knew at harvard that no black man running as a republican could win the white house, so he came up with this insane idea, I am going to act like a democrat, once elected I will turn back into Alan Keys
People will always judge you by your actions not your words OBAMA. always listen to the wise.
“The Hope A Dope” written by OBAMA
further signs the Hopocalypse is upon us …
Kos has posted on Obama as “Chamberlain”
I agree. Obama is clearly banking that liberals will come out strong for him no matter what, and that independents will break his way if he acts like a Republican.
That’s doubtful if the Republicans field a reasonably moderate candidate. In the meantime Obama’s promoting bad policy and wrecking his legacy.