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Click here to visit the new home of Politics Daily!WASHINGTON (Dec. 7) -- Republicans are crowing victoriously over the framework agreement that temporarily extends Bush-era tax cuts and reduces payroll taxes in exchange for extending unemployment benefits. Liberals are seething. But is it possible the deal will rile fiscal hawks on the right even more? After all, if last year's $800 billion stimulus plan was as "job-killing" as the Republican mantra would have it, why is this week's $900 billion tax cut deal "a new direction" to revive the economy, as Senate Minority Leader Mitch McConnell called it? Neither includes spending cuts to pay for ...
(Aug. 16) -- Perception is often reality in politics. Just ask George H.W. Bush. Twenty-three years ago, when he was beginning his campaign to succeed Ronald Reagan as president, Newsweek ran a cover story on him bearing this headline: "Fighting the Wimp Factor." The gist of the story was that Bush didn't have the backbone of Reagan. Of course, it was nonsense. Among other things, he was a decorated veteran, someone who was shot down during World War II. The closest Ronald Reagan ever got to combat was a Hollywood back lot. Yet somehow the perception stuck that Bush was soft, and he spent ...
While Barack Obama has often declared that "American has one president at a time," it has also become clear that our current president seems to simply be running out the clock when it comes to further economic tinkering. Perhaps in an effort to bridge the gap between the future and the here and now, Obama will hold a press conference today at noon (Liza will be live-blogging it) and he'll publicly finalize his incoming financial team. Of course, this new crew will be hard at work over the next few weeks, helping to hammer out a new (and improved?) stimulus package that will hit the ...
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