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To Save His Second Term, Obama Must Go Over the Fiscal Cliff

To Save His Second Term, Obama Must Go Over the Fiscal Cliff | Coffee Party News | Scoop.it
Republicans won't learn how to play nicely any other way.

Excerpt from article by Noam Scheiber, Salon
Coffee Party USA's insight:

At this point, both tactical and strategic considerations point toward the necessity of taking the plunge. 


Simply put: The biggest threat to Barack Obama’s second-term agenda isn’t the economy. It’s the mania that has yet to loosen its grip on congressional Republicans, even after they lost seats in both houses and watched Obama roll to a comfortable re-election. To see this, look no further than the party’s internal discussions over its own fiscal-cliff positioning. The current debate within the GOP is between those who see that Obama has all the leverage in this particular episode and urge a quick deal on tax rates so the party can regroup for a bigger victory on entitlements, and those who still refuse to budge in any way on tax rates. Which is to say, it’s a debate between the moderately delusional and the utterly, irreconcilably delusional. 


The moderately delusional argue that a deal could include raising the top income tax from 35 percent to 37 percent in exchange for certain concessions from Obama, like an agreement in principle on big spending cuts. (Never mind that there’s no reason Obama would accept lower rates than he could achieve simply by waiting till January—already a major concession--while granting the GOP additional concessions.) Then the GOP can make a more serious push on slashing entitlements by holding up a vote on the debt ceiling next year. The truly delusional—which includes members of the party’s congressional wing—respond that even this sweetheart deal for Republicans would entail “capitulat[ing] to Obama,” as Sean Hannity thundered the other night to Ann Coulter, who somehow represents what passes for reason within the GOP these days. (“We lost the election, Sean!” Coulter pleaded.) 


As a result of all this, two things will almost certainly be true of any deal that gets done before January 1: First, it’s going to be worse from the perspective of the GOP than even the moderately delusional Republicans let on now: Obama may agree to a deal that extends middle class tax cuts and allows rates on the top rate to rise somewhere below the Clinton-era level of 39.6, but he’ll almost certainly extract other goodies in return—like an extended payroll tax cut or unemployment benefits. Second, in light of that, the truly delusional GOPers, who already think their moderately delusional colleagues are urging a shameful retreat, will promptly go bananas. [MORE]

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Joseph Pomponio's comment, December 13, 2012 3:01 AM
I've got my parachute on, lets go!
Fact-based, solutions-oriented, people-powered news for the 99%
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Muslims Sue Sterling Heights, Michigan for Blocking Mosque Construction

The Muslim community of the city of Sterling Heights, Michigan has filed a lawsuit accusing the city of violating the Religious Land Use Act by forbidding them from building a mosque on land the community already owned within the city limits.

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Independent Investigation Undermines Key Evidence Justifying U.S. Hostility Toward Iran

Independent Investigation Undermines Key Evidence Justifying U.S. Hostility Toward Iran | Coffee Party News | Scoop.it
    A general view of the destroyed Khobar Towers on June 30, 1996. (AP / Saleh Rifai)
Interviews with more than a dozen former FBI, CIA and other administration officials found compelling evidence that the 1996 bombing of a U.S.
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Police SWAT Raid On Organic Farm After Tomato Plants Mistaken For Marijuana

Police SWAT Raid On Organic Farm After Tomato Plants Mistaken For Marijuana | Coffee Party News | Scoop.it
A SWAT team composed of between 15 to 20 officers raided an organic farm, named the “Garden of Eden” and it was all because they mistook tomato plants for marijuana!
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Otieno Yusuf's curator insight, September 18, 2015 2:07 PM

How come they cannot tale the difference between marijuana and tomatoes?

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Why The Samsung SUHD JS8500 Is Unique?

Why The Samsung SUHD JS8500 Is Unique? | Coffee Party News | Scoop.it
The technology is improving daily and is coming up with new changes and getting better each and every day. Samsung has come up with some great innovative ideas and features in their new Samsung SUH...
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Why is an obscure Montana company one of John Kasich's biggest boosters?

Why is an obscure Montana company one of John Kasich's biggest boosters? | Coffee Party News | Scoop.it
One day after forming, the LLC gave $500,000 to a group backing the Ohio governor's presidential efforts.
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“Yes, We’re Corrupt”: A List of Politicians Admitting That Money Controls Politics

“Yes, We’re Corrupt”: A List of Politicians Admitting That Money Controls Politics | Coffee Party News | Scoop.it
It's a relief to hear politicians acknowledge the obvious reality that all Americans see in front of their faces.
Coffee Party USA's insight:

"This pose is also popular with a certain prominent breed of pundits, who love to tell us “Don’t Follow the Money” (New York Times columnist David Brooks), or “Money does not buy elections” (Freakonomics co-author Stephen Dubner on public radio’s Marketplace), or “Money won’t buy you votes” (Yale Law School professor Peter H. Schuck in the Los Angeles Times)."

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Eric Holder: Return to Sender

Eric Holder: Return to Sender | Coffee Party News | Scoop.it
Glen Ford, Executive Editor of the Black Agenda Report, says Eric Holder is returning to his "ideological home" of corporate law to defend the big banks and TPP
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My 'Democratic' Opponent is an Errand Boy for Wall Street

My 'Democratic' Opponent is an Errand Boy for Wall Street | Coffee Party News | Scoop.it
The Circle Game
This week marks the five-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. It’s a bill that I worked on and I supported because it’s a step in the...
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Seeking Justice: Felony Murder? The Drug War Takes Center Stage and a Young Man’s Life Hangs in the Balance

Seeking Justice: Felony Murder? The Drug War Takes Center Stage and a Young Man’s Life Hangs in the Balance | Coffee Party News | Scoop.it
The victim of a conspiracy con act, shot in the commission of a crime, is charged with murder and ex post facto application of the law.Read more →
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Memorials spring up after Chattanooga shootings – in pictures

Memorials spring up after Chattanooga shootings – in pictures | Coffee Party News | Scoop.it
From flags to children’s toys, mourners have left tokens in memory of four marines and a navy sailor who were killed in a shooting at a US military recruiting center last week Continue reading...
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“Somebody’s Going to Own This Government. It Ought to Be Us, not Wall Street”

“Somebody’s Going to Own This Government. It Ought to Be Us, not Wall Street” | Coffee Party News | Scoop.it
Below, in part two of my recent interview with Rep.
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George Washington’s Farewell Address: A ‘Warning Against the Impostures of Pretended Patriotism’

George Washington’s Farewell Address: A ‘Warning Against the Impostures of Pretended Patriotism’ | Coffee Party News | Scoop.it
On Independence Day, against official claims that mass domestic surveillance is needed to ensure U.S. security, Truthdig reprints the farewell address of the first president of the United States.
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Nevermore Sithole's curator insight, August 19, 2015 10:20 AM

George Washington Farewell Address

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After aide shot, Cuomo pushes for national gun controls

After aide shot, Cuomo pushes for national gun controls | Coffee Party News | Scoop.it
New York is home to some of the toughest gun laws in the country. But after an aide was shot Monday, New York Gov.
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Scott Walker: The First ALEC President?

Scott Walker: The First ALEC President? | Coffee Party News | Scoop.it
Breaking: Wisconsin Governor Scott Walker will address ALEC's annual meeting in San Diego this July. He's an ALEC alum who has pushed ALEC's agenda into law in the state.
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Hillary Criticizes Businesses For Not Paying Interns While Her Interns Work For Free

Hillary Criticizes Businesses For Not Paying Interns While Her Interns Work For Free | Coffee Party News | Scoop.it
In addition to supporting a $15 per hour minimum wage and creating a plan to “make college more affordable,” Democratic presidential candidate Hillary Clinton has criticized businesses that do not pay interns, while her own campaign makes its...
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A few new faces — but not many — among megadonors to presidential super PACs | OpenSecrets Blog

A few new faces — but not many — among megadonors to presidential super PACs | OpenSecrets Blog | Coffee Party News | Scoop.it

The 2016 presidential race may be a whole new ball game in terms of fundraising, but most of the players’ names are awfully familiar — even if their faces are a bit more lined.

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Fossil Fuel Subsidies: Overview - Oil Change International

Fossil Fuel Subsidies: Overview - Oil Change International | Coffee Party News | Scoop.it
A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers or lowers the price paid by energy consumers. Learn more and join the call to end them!
Coffee Party USA's insight:

"As of July 2014, Oil Change International estimates the total value of U.S. subsidies to the fossil fuel industry at $37.5 billion annually, including international finance.  This does not include military, health, climate, or local pollution costs.  These subsidies have increased dramatically as U.S. oil and gas production has increased."

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Jocelyn Stoller's curator insight, July 31, 2015 5:43 PM

"As of July 2014, Oil Change International estimates the total value of U.S. subsidies to the fossil fuel industry at $37.5 billion annually, including international finance.  This does not include military, health, climate, or local pollution costs.  These subsidies have increased dramatically as U.S. oil and gas production has increased."

Nevermore Sithole's curator insight, August 19, 2015 10:21 AM

Oil

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Senator Lindsey Graham’s Pro-War Super PAC Bankrolled by Defense Contractors

Senator Lindsey Graham’s Pro-War Super PAC Bankrolled by Defense Contractors | Coffee Party News | Scoop.it
"If I were a defense contractor, I'd be big time for Lindsey Graham, because I've been forward-leaning on rebuilding our military," Graham says.
Coffee Party USA's insight:

"As Graham tours the early primary states, he tells voters that he is running to boost U.S. defense spending. “My goal is to make sure the next president of the United States, the next generation of war fighters have the capability and capacity to do the job required to keep us free,” Graham said in South Carolina earlier this year."

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Jocelyn Stoller's curator insight, July 31, 2015 5:46 PM

"As Graham tours the early primary states, he tells voters that he is running to boost U.S. defense spending. “My goal is to make sure the next president of the United States, the next generation of war fighters have the capability and capacity to do the job required to keep us free,” Graham said in South Carolina earlier this year."

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Jimmy Carter: The U.S. Is an "Oligarchy With Unlimited Political Bribery"

Jimmy Carter: The U.S. Is an "Oligarchy With Unlimited Political Bribery" | Coffee Party News | Scoop.it
According to the former president, Americans are now experiencing "a complete subversion of our political system as a payoff to major contributors."
Coffee Party USA's insight:

"United States is now an “oligarchy” in which “unlimited political bribery” has created “a complete subversion of our political system as a payoff to major contributors.” Both Democrats and Republicans, Carter said, “look upon this unlimited money as a great benefit to themselves.”

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Banks revolt over plan to kill $17B Fed payout

Banks revolt over plan to kill $17B Fed payout | Coffee Party News | Scoop.it
Banks call a plan to cut their dividend a new tax on banks.
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William Boyer's curator insight, July 26, 2015 9:43 AM
And it's about time they paid their fair share...
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Here's who is bankrolling the top presidential candidates

Here's who is bankrolling the top presidential candidates | Coffee Party News | Scoop.it
Some of them are raising money in surprising places.
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Six Governors Order National Guard Members to Carry Firearms

Six Governors Order National Guard Members to Carry Firearms | Coffee Party News | Scoop.it
Since the shooting of military personnel at a recruiting center in Chattanooga last week, governors in half-a-dozen states have ordered members of their National Guard to arm themselves.
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#Fracking is literally killing babies in Utah, and local, state, and federal officials are helping to make that possible

#Fracking is literally killing babies in Utah, and local, state, and federal officials are helping to make that possible | Coffee Party News | Scoop.it
What Paul Solotaroff's expose in Rolling Stone, "What's Killing the Babies of Vernal, Utah?" reveals is disturbing on so many levels. It's what happens when Big Money instead of We The People contr...
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Mother of Eric Garner Praises New York's Appointment of Special Prosecutor to Probe Police Killings

Mother of Eric Garner Praises New York's Appointment of Special Prosecutor to Probe Police Killings | Coffee Party News | Scoop.it
New York Governor Andrew Cuomo has announced plans to appoint a special prosecutor to investigate police killings of unarmed civilians, making New York the first state to do so.
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