“I’m Not Stupid, I’m Me”: First Step For Perry Is Getting Filthy Rich
I read with some amusement Philip Rucker’s WaPo profile of the new, improved Rick Perry. The outgoing governor of Texas wants us all to know that he won’t make the same mistakes in this presidential cycle as in the last, and that he intends to project an image that’s distant from the strutting tear-the-head-off-the-donkey ferocity that excited conservative activists in 2011 before he disgusted them with his talk of compassion for the children of undocumented immigrants.
Unsurprisingly, Perry’s proto-message for 2016 will focus on his “economic miracle” claim, based on the exciting new idea of growing the economy by whorishly giving “investors” any damn thing they want. But as I have myself observed over the years, the trouble with encouraging governors to hang out with extremely rich people in the guise of “economic development” is that they start wondering Why ain’t I as rich as my new friends? And so we read this:
After Republican Greg Abbott is sworn in as governor on Jan. 20, Perry’s immediate priority will be to make serious money, something he has never done. He is considering writing a memoir — how a Boy Scout from Paint Creek became governor and presided over “the Texas miracle” economic boom — as well as giving paid speeches and serving on corporate boards, his advisers say.
So even as he’s sitting there with his tongue lolling out, trying to convince a political reporter he’s rough and ready to leap into a contest that’s already begun, Perry admits he’s going to have to take a little detour to lift himself and his family into the economic stratosphere. For a guy who hasn’t shaken two indictments just yet, he’s awfully confident he can run for president while becoming filthy rich, without engaging in any conflicts of interest or perhaps making voters wonder if he’s just in it for the dough.
Something tells me Ted Cruz is going to eat Perry’s lunch as the candidate of feral Texas conservatives while Perry’s trying to “make serious money” and convince people he’s not as stupid as he sometimes sounded four years ago.
By: Ed Kilgore, Contributing Writer, Political Animal, The Washington Monthly, December 9, 2014
“Democrats Against Reform”: Democrats Should Be Celebrating The Fact That They Did The Right Thing
It’s easy to understand why Republicans wish health reform had never happened, and are now hoping that the Supreme Court will abandon its principles and undermine the law. But it’s more puzzling — and disturbing — when Democrats like Charles Schumer, senator from New York, declare that the Obama administration’s signature achievement was a mistake.
In a minute I’ll take on Mr. Schumer’s recent remarks. But first, an update on Obamacare — not the politics, but the actual policy, which continues to rack up remarkable (and largely unreported) successes.
Earlier this week, the independent Urban Institute released new estimates of the number of Americans without health insurance, and the positive results of Obamacare’s first year are striking. Remember all those claims that more people would lose coverage than would gain it? Well, the institute finds a sharp drop in the number of uninsured adults, with more than 10 million people gaining coverage since last year. This is in line with what multiple other estimates show. The primary goal of health reform, to give Americans access to the health care they need, is very much on track.
And while some of the policies offered under Obamacare don’t offer as much protection as we might like, a huge majority of the newly insured are pleased with their coverage, according to a recent Gallup poll.
What about costs? There were many predictions of soaring premiums. But health reform’s efforts to create meaningful competition among insurers are working better than almost anyone (myself included) expected. Premiums for 2014 came in well below expectations, and independent estimates show a very modest increase — 4 percent or less — for average premiums in 2015.
In short, if you think of Obamacare as a policy intended to improve American lives, it’s going really well. Yet it has not, of course, been a political winner for Democrats. Which brings us to Mr. Schumer.
The Schumer critique — he certainly isn’t the first to say these things, but he is the most prominent Democrat to say them — calls health reform a mistake because it only benefits a minority of Americans, and that’s not enough to win elections. What President Obama should have done, claims Mr. Schumer, was focus on improving the economy as a whole.
This is deeply wrongheaded in at least three ways.
First, while it’s true that most Americans have insurance through Medicare, Medicaid, and employment-based coverage, that doesn’t mean that only the current uninsured benefit from a program that guarantees affordable care. Maybe you have good coverage now, but what happens if you’re fired, or your employer goes bust, or it cancels its insurance program? What if you want to change jobs for whatever reason, but can’t find a new job that comes with insurance?
The point is that the pre-Obamacare system put many Americans at the constant risk of going without insurance, many more than the number of uninsured at any given time, and limited freedom of employment for millions more. So health reform helps a much larger share of the population than those currently uninsured — and those beneficiaries have relatives and friends. This is not a policy targeted on a small minority.
Second, whenever someone says that Mr. Obama should have focused on the economy, my question is, what do you mean by that? Should he have tried for a bigger stimulus? I’d say yes, but that fight took place in the very first months of his administration, before the push for health reform got underway. After that, and especially after 2010, scorched-earth Republican opposition killed just about every economic policy he proposed. Do you think this would have been different without health reform? Seriously?
Look, economic management is about substance, not theater. Having the president walk around muttering “I’m focused on the economy” wouldn’t have accomplished anything. And I’ve never seen any plausible explanation of how abandoning health reform would have made any difference at all to the political possibilities for economic policy.
Finally, we need to ask, what is the purpose of winning elections? The answer, I hope, is to do good — not simply to set yourself up to win the next election. In 2009-10, Democrats had their first chance in a generation to do what we should have done three generations ago, and ensure adequate health care for all of our citizens. It would have been incredibly cynical not to have seized that opportunity, and Democrats should be celebrating the fact that they did the right thing.
And one related observation: If more Democrats had been willing to defend the best thing they’ve done in decades, rather than run away from their own achievement and implicitly concede that the smears against health reform were right, the politics of the issue might look very different today.
By: Paul Krugman, Op-Ed Columnist, The New York Times, December 4, 2014
“A Media Staple Under Bush”: Where Are The ‘Comeback’ Columns About Obama?
For a “lame duck” politician who’s supposed to be licking his wounds after the Democratic Party’s steep midterm losses, President Obama these days probably doesn’t mind scanning the headlines each morning. Instead of confirming the slow-motion demise so many in the pundit class had mapped out for him, the headlines paint a picture of a president, and a country, in many ways on the rebound:
–U.S. Economic Confidence Index at 17-Month High
–America is Free of Ebola Cases
–G.O.P.-Led Benghazi Panel Bolsters Administration
–What The Huge Drop In Gasoline Prices Means For America
– Dow Hits Another Record Close
That’s probably more good news for Obama in one month than he had in the previous three combined.
And that selection of headlines doesn’t cover news of the most recent smooth and efficient enrollment period for the Affordable Care Act, the announcement of Obama’s executive action to deal with the languishing issue of immigration, his high-profile endorsement of net neutrality, or the United States’ landmark agreement with China to confront climate change.
As for Obama’s approval rating, it has remained steady in recent months, just as it has for virtually all of 2014. But aren’t lame ducks supposed to tumble after tough midterm defeats, the way President George W. Bush did right after the 2006 votes?
Meanwhile, the assumption that Republicans had boxed Obama in politically via their midterm momentum and would be able to bully him around (impeachment! a government shutdown!) hasn’t yet come to fruition. To date, their main response to the immigration executive order that Obama issued has been for Republicans to cast a symbolic vote of disapproval (i.e., Obama called their bluff).
Already the bloom seems to be coming off the GOP’s win. “According to the survey, 50 percent of Americans believe the GOP taking control of the House and the Senate next year will be bad for America,” CNN reported this week.
None of this is to say that Obama’s surging or that paramount hurdles don’t remain on the horizon. But some recent developments do undercut a widely held consensus in the Beltway press that Obama’s presidency effectively ended with the midterms and that his tenure might be viewed as a failed one.
Right after the election, a November Economist editorial announced, “Mr. Obama cannot escape the humiliating verdict on his presidency.” Glimmers of hope after the midterms were no reason to think Obama had “somehow crawled out of the dark place that voters put him,” the Washington Post assured readers. (Post columnist Dana Milbank has recently tagged Obama as a hapless “bystander” who’s “turning into George W. Bush.”) And a McClatchy Newspapers headline declared, “President Obama Is Now Truly A Lame Duck.”
But as the facts on the ground now change, many in the press seem reluctant to drop its preferred script and adjust to the headlines that suggest Obama’s second term is not shaping up to be the wreck so many pundits hinted it would be.
It’s worth noting that during Bush’s failed second term, which ended with his approval rating hovering around 20 percent, the same Beltway press did the opposite. Back then the press appeared overly anxious to proclaim a Bush comeback underway. Unlike Obama who’s actually rebounding, the D.C. press often touted Bush’s comeback, even though one never materialized.
At the time of the 2006 midterm elections, NBC’s Chuck Todd predicted that “if Democrats get control of Congress, President Bush’s approval rating will be over 50 percent by the Fourth of July next year.” Democrats did win the House and the Senate in 2006, but Todd’s predication was off — by 20 points. Bush was floundering with a 30 percent approval rating on Independence Day, 2007.
Todd was hardly alone. Earlier in 2005, Time got a quick jump on the Bush-is-back competition, announcing that the president had “found his voice” and that relieved White House aides “were smiling again” after a turbulent 2005. That year, according to the Gallup numbers, Bush’s approval rating remained submerged, falling as low as 31 percent. When it briefly climbed to 40 percent, the Baltimore Sun quickly asked, “Is Bush The New Comeback Kid?”
Even when Bush’s approval rating trended down again after the Republicans’ 2006 midterm wipeout, pundits were back on the hunt for the elusive comeback. In early 2007, Washington Post columnist David Broder, the dean of the Beltway press corps, typed up the White House spin and claimed, “It may seem perverse to suggest that, at the very moment the House of Representatives is repudiating his policy in Iraq, President Bush is poised for a political comeback. But don’t be astonished if that is the case.” Broder was sure, “Bush now shows signs of renewed energy and is regaining the initiative on several fronts.” Thirteen months later, Broder finally conceded the Bush comeback hadn’t materialized. (In fact, the opposite had unfolded.)
The media’s “comeback” double standard seems to reflect the misguided Beltway consensus that America’s a center-right country, so of course it was only a matter of time before Bush regained his footing (he didn’t) and that Obama would likely fade away during his second term (he hasn’t).
By: Eric Boehlert, Media Matters for America, December 4, 2014
“Chief Tax-Dodging Officers”: It’s Gotten Pretty Easy For Large Corporations To Avoid The Taxman
Republican and Democratic leaders don’t often see eye to eye on taxes.
But surprisingly, corporate tax reform looks like one area where there might actually be some potential for bipartisan action in Washington. This should be good news, since our corporate tax system is clearly hopelessly broken.
Here’s a stark indicator of just how broken: Last year, 29 of the 100 highest-paid CEOs made more in personal compensation than their companies paid in federal income taxes. That’s according to a new report by the Institute for Policy Studies and the Center for Effective Government.
Source: Fleecing Uncle Sam, an Institute for Policy Studies and Center for Effective Government report
Yes, it’s gotten that easy for large corporations to avoid the taxman.
This is true even for the country’s wealthiest companies. Citigroup, Halliburton, Boeing, Ford, Chesapeake Energy, Chevron, Verizon, and General Motors all made more than $1 billion in U.S. profits last year, but still paid their CEOs more than they paid Uncle Sam. In fact, most of them got massive tax refunds.
How is this possible?
While big businesses moan about the U.S. corporate tax rate of 35 percent, most of them pay nowhere near that. Between 2008 and 2012, the average large corporation paid an effective rate of less than 20 percent.
Hiding profits in tax havens is one of the most common ways large corporations avoid paying their fair share to the IRS. And indeed, the 31 firms who paid their CEOs more than Uncle Sam operate 237 subsidiaries in low- or no-tax zones like the Cayman Islands and Bermuda.
But that’s just one tax-dodging trick. Corporations have lobbied successfully for a plethora of other tax loopholes and subsidies.
Boeing, for example, has figured out how to double dip in the Treasury’s pool.
The aerospace giant hauled in more than $20 billion in federal contracts in 2013. According to Citizens for Tax Justice, taxpayers also picked up the tab for $300 million of Boeing’s research expenses last year through a tax break that Congress is now considering making permanent.
When tax time came, Boeing got $82 million back from the IRS, despite reporting nearly $6 billion in U.S. pre-tax profits. Meanwhile, Boeing chief executive Jim McNerney made $23.3 million.
Corporate tax dodging is bad for ordinary Americans — and our nation’s long-term economic health.
For example, if Boeing had paid the statutory corporate tax rate of 35 percent on its $6 billion in profits, it would’ve added an extra $2 billion to the funds available for public services. That sum would’ve covered the cost of hiring 2,775 teachers for a year.
Shirking taxes may boost the bottom line in the short term, but in the long run it erodes the economic infrastructure businesses need to be competitive.
Unfortunately, the current political rhetoric has little to do with cracking down on corporate tax avoidance.
Republicans are hooked on corporate tax giveaways. And President Barack Obama has suggested that he’s ready to reward corporations for stashing money overseas by giving them deeply discounted tax rates on their profits if they’ll just agree to bring them home.
Both of these positions are based on the unfounded claim that smaller corporate tax burdens translate into more good jobs.
In a Hart Research poll of voters on election night, only 22 percent favored taxing corporations less. In the same poll, less than 30 percent wanted Congress to make tax cuts a higher priority than investments in education, health care, and job creation.
The American people have their priorities straight. They deserve leaders who do too.
By: Sarah Anderson and Scott Klinger are the co-authors of “Fleecing Uncle Sam”; The National Memo, November 19, 2014
“At The End Of The Day, History Speaks For Itself”: On Immigration, Obama Is On The Right Side Of History
With the President’s recent return from his diplomatic trip in Asia, and the year about to end, Barack Obama is getting ready to sign what many call “one of his biggest political decisions of his presidency.”
In Washington, there are rumors that as early as this week, the President could be taking executive action in regards to immigration.
And even before the President makes a final decision on the matter, Republicans have been attacking the President on his decision to temporarily reform the country’s immigration system, accusing him of abusing his presidential powers and calling the executive orders “unconstitutional.”
Further, some Republicans within the party have said that they would be willing to put the government’s budget for 2015 at risk, and some have even alluded to a possibility of shutting down the government, if the president decides to act on immigration.
This would be a grave and dangerous error, since such actions would put our country’s economy at risk, as well as the credit of the United States.
Lately, Republicans have been using the constitutional argument, day after day, in hopes that the American people will listen.
However, what Republicans fail to mention, is that many former-presidents, many of them Republican, have used executive actions as a method to temporarily reform our country’s immigration system.
In 1987, President Reagan used the power of executive action to alleviate the country’s immigration standards to approximately 200,000 Nicaraguans in exile who were looking to flee their country’s communist regime at the time.
In 1990, President George H.W. Bush signed an executive order alleviating our immigration system for Chinese students who were studying in the United States and potentially ran the risk of being persecuted back in their country of birth.
And if that wasn’t enough, in 2001, President George W. Bush signed an executive order, granting an immigration extension to approximately 150,000 Salvadorians, after their country was hit with an earthquake.
Even though it’s likely that Obama’s executive orders will benefit a much bigger number than the ones previously mentioned, the argument that an executive order on immigration is unconstitutional, is clearly false, no matter the amount of people who will benefit.
At the end of the day, history speaks for itself; the Executive Branch of the United States carries the power of reforming certain parts of our immigration system, as long as such changes aren’t permanent.
If Republicans are so desperate to stop President Obama from using his constitutional powers to solve a problem where Congress has failed to act, they have the power to do so. Its actually very simple: Do your job and pass Immigration Reform.
Time and time again, Republicans have failed to understand that when they attack the President on immigration, it’s not Obama they are attacking, but the Latino Community instead.
So when 2016 comes around and presidential candidates from both sides of the aisle are trying to persuade the “Latino Vote,” don’t be surprised that Republicans will not only loose it, but they’ll be loosing any chance they had of taking The White House as well.
By: Jose Aristimuno, Founder, Latino Giant; The Huffington Post Blog, November 18, 2014
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