Obama Administration Ready to Go Over Fiscal Cliff

Treasury Secretary Tim Geithner told CNBC that the Obama administration was prepared to dive off the fiscal cliff if Republicans do not agree to raise tax rates on the wealthy.

Said Geithner: “There’s no prospect of an agreement that doesn’t involve the rates going up on the top 2 percent of the wealthiest.”

Lieberman Regrets Being So Negative on Obama

Sen. Joe Lieberman (I-CT) told the Washington Post that he doesn’t regret supporting Sen. John McCain (R-AZ) for president in 2008, but if he could do it again, “I would have left out those few sentences” in his convention speech about Obama.

Said Lieberman: “It wasn’t what I was really about. It wasn’t necessary to what I was doing at the convention, which was to affirmatively support my friend John McCain.”

An Easy Fix to the Debt Ceiling

President Obama is seeking to eliminate the debt ceiling as part of the fiscal cliff negotiations while Republicans want to keep it and the resulting leverage it provides them over the president.

Wonk Wire highlights a brilliant solution that also shows how ridiculous the whole debate is anyway.

Boehner Says Members Will Be Punished for Their Votes

House Speaker John Boehner (R-OH) warned his conference that GOP leaders are “watching” how the rank-and-file vote to determine committee assignments, The Hillreports.

Rep. Tim Huelskamp (R-KS), one of the lawmakers denied a spot on his current committee in the next Congress, Boehner noted the leadership has punished four members but “claimed that it had nothing to do with their conservative ideology, but had to do with their voting patterns.”

Perriello Not Running for Virginia Governor

Former Rep. Tom Perriello (D-VA) announced he would not run for the Democratic gubernatorial nomination in Virginia next year, likely clearing the way for businessman Terry McAuliffe (D), the Washington Post reports.

Worst Political Predictions of 2012

Pundit Tracker compiles the worst political predictions of the year. Dick Morris makes two of the top three.

Rubio Admits the Earth is 4.5 Billion Years Old

At a Politico event, Sen. Marco Rubio insisted he knew how old the Earth was even though he declined to answer the question in an interview last month.

Said Rubio: “The answer I gave was actually trying to make the same point the President made a few years ago, and that is, there is no scientific debate on the age of the Earth. I mean, it’s established pretty definitively as at least four and a half billion years old. I was referring to a theological debate, and which is a pretty healthy debate.”

Super PACs Keep Running Ads

The presidential election is over but Karl Rove’s Crossroads GPS is out with a new adslamming President Obama’s proposal to avoid the fiscal cliff.

See more…

Are Republicans Ready to Fold?

The New York Times reports that Republicans are considering extending the Bush-era tax cuts for the middle class — but resuming the larger fight over the budget and spending when it’s time to raise the debt ceiling.

Which, of course, is why President Obama is trying to eliminate the debt limit entirely.

First Read: “The good news here: If you don’t want to go off the cliff, then it’s clear Republicans won’t dig in; they are talking about a way out. The bad news: Such a move only postpones the real fight. If Republicans do pursue this path, they’ll have a stronger hand to play politically than they currently do now (because the middle-class tax cuts would be off the table). But the White House would also still have some cards to play (over the eventual tax rates in any kind of tax reform, the estate tax, and a willingness to budge on entitlements). Remember, the debt ceiling standoff in July 2011 was bad of the president, but it was worse for the GOP’s brand.”

Wonk Wire: Don’t mind the fiscal cliff posturing.

Ryan Hits Romney Over 47% Remarks

Rep. Paul Ryan (R-WI) “took an unmistakable shot” at Mitt Romney’s assertion during the presidential campaign that 47% of Americans would never vote Republican because they are too dependent on government, Politico reports.

Said Ryan: “Both parties tend to divide Americans into ‘our voters’ and ‘their voters.’ Republicans must steer far clear of that trap. We must speak to the aspirations and anxieties of every American. I believe we can turn on the engines of upward mobility so that no one is left out from the promise of America.”

Democrats Want Obama’s Database

Politico: “From the candidates running in 2014 to the state Democratic parties to progressive advocacy groups, there is an intense behind-the-scenes lobbying campaign afoot to pry from Obamaland its groundbreaking voter database. The data is rich with intricate layers of information about individuals’ voting habits, television viewing tastes, propensity to volunteer, car registration, passions, email address, cellphone numbers, and social media contacts. The historical trove enabled Obama to connect with voters on a highly personal level and get them not only to vote but to actively persuade their neighbors to do the same.”

“Several top Obama campaign officials, who asked not to be quoted by name, said that no decisions have been made about the data, including where to house it and how to use it to benefit the party.”

Obama’s First Post-Election Interview

President Obama gave his first interview since winning re-election to Bloombergyesterday.

Clinton Popularity Hits New High

A new ABC New/Washington Post poll finds 57% of voters would back a presidential bid by Hillary Clinton, with just 37% opposed.

Clinton will leave her post as Secretary of State early next year with a 69% approval rate for the job she’s done. She also has a 67% overall favorability rate — a new high in her long public career as first lady, U.S. Senator, presidential candidate and top U.S. diplomat.

Fox News Benches Karl Rove and Dick Morris

Gabriel Sherman reports that Fox News chief Roger Ailes “has issued a new directive to his staff: He wants the faces associated with the election off the air — for now. For Karl Rove and Dick Morris — a pair of pundits perhaps most closely aligned with Fox’s anti-Obama campaign — Ailes’s orders mean new rules. Ailes’s deputy, Fox News programming chief Bill Shine, has sent out orders mandating that producers must get permission before booking Rove or Morris.”

Obama Seeks to Eliminate Debt Limit

President Obama “will seek to enlist senior corporate executives in his bid to permanently increase the US borrowing authority as part of the negotiations over the fiscal cliff,” theFinancial Times reports.

“While many in the business community are likely to welcome such an agreement and were critical of the handling of the debt ceiling issue last year, Republicans staunchly oppose the proposal. They see the debt ceiling vote as one of their only points of leverage in negotiations.”

Al Hunt: Obama has stronger hand on taxes.

Adelson Pledges to Double-Down on Donations

After spending more than $100 million mostly on losing Republican election campaigns this year — backing just one winner out of eight candidates — casino billionaire Sheldon Adelson told the Wall Street Journal that he planned to stay in the game and double down on his political donations.

Said Adelson: “I happen to be in a unique business where winning and losing is the basis of the entire business. So I don’t cry when I lose. There’s always a new hand coming up.”

Adelson said he was ready to “double” his donations in the next cycle, saying, “I’ll spend that much and more. Let’s cut any ambiguity.”

Explore posts in the same categories: Candidates, National, Politics

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