TW: The Republicans smell blood in the water with the Daschle kerfuffle and the stimulus negotiations getting bogged down. My buddy Larry Kudlow is calling for Geithner (in sympathy with Daschle) to resign, Pethokoukis (right wing blogger for US News World Report) is suggesting Obama will be a one-termer, and a right wing nut blogger-Ed Morrisey suggests we have a train wreck:
"Now Obama looks weak and inexperienced, flailing at his first executive position in government — just as many of us predicted he would do during the campaign. The media never bothered to ask the tough questions about his lack of experience and instead extolled his coolness and his competence. Maybe now they’ll at least drop the Greatest Transition Ever meme and start reporting on what a train wreck it became."
TW: The Republicans are seeking to cut off Obama at the knees before he gets started. In addition, they are teeing up their 2010 and 2012 election memes. Tax cuts, tax cuts, tax cuts (not temporary but permanent) and if Obama does not enact tax cuts, tax cuts, tax cuts and the economy does not recover immediately then it will be because he did not cut taxes enough.
From Pethoukoukis
"This [the stimulus plan] isn't that hard: a) cut payroll taxes; b) cut corporate taxes or put in an investment tax credit; c)suspend mark-to-market accounting; d) a capital gains tax holiday; e) loans to states and cities; f) targeted infrastructure spending."
TW: This happy horse dung (am sure he throws in e and f to appear balanced but there would not be any money left after a,b,d and how you reform the banks without mark to market would be interesting) is why Obama needs to step up his communication and education. He has done it before and will do it again. Consider this Republican premature umm...euphoria.
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