When President-elect Obama had a chance to squash the tax-hike threat once and for all at his news conference Monday, he took a pass and let the question linger for another day. But his new economic cabinet appointments strongly suggest there will be no tax hikes next year.
Thanksgiving is upon us. This is the time for expressing gratitude. But what does one do on Thanksgiving this year, smack in the middle of perhaps the worst economic downturn since the Great Depression? You give thanks, dummy.
We Americans are blessed with a history that teaches that things work out right. Our first president set the precedent of relinquishing power he could have had for life and returning to his farm. Two of our greatest presidents were struck down, Abraham Lincoln by an assassin and Franklin Roosevelt by grave illness, at a moment of transcendent victory.
As Barack Obama makes his way through the transition to power, he is learning the steps of an old dance. Having promised change, he now surrounds himself with experience. Having poured scorn not only on the Bush administration but at times on the Clinton administration as well, he now welcomes those who served his Democratic predecessor, including the former first lady who ran against him.
Treasury Secretary Henry Paulson has called for a pause in the financing request for the Troubled Assets Relief Program (TARP), halting it at $350 billion.
Here's the worst kept secret in politics: Presidential campaigning never ends. For periods of time it becomes quieter--a little subtler--but it never stops.
As routine as elections may seem, they are the seminal events in the life of a democracy. Campaigns and elections not only set the direction of the Republic, they also shed light on America's political health. Every November we have the opportunity to take stock of what we did at the polls, and what that says about the status of the 232-year-old American experiment.
I was thinking about what we traditionally call the postelection "honeymoon," of which President-elect Barack Obama is now in the second week. But what exactly is meant by the metaphor?
You don't have to venture too far left in the Democratic Party to find people who dislike Joe Lieberman. But wander yonder into the liberal blogosphere, and the feeling more approximates detestation.
As the fires burned across Southern California this weekend, the all-news radio station I listen to kept running tape of a guy advising people about what to put in their "grab-and-go" boxes. He was from some insurance association, so -- big surprise -- his focus was on insurance documents.
Sarah Palin should have run up the white flag of surrender and kept the clothes. They were gorgeous, and there really was no reason to give up the $150,000 wardrobe unless she planned to run again under the Wal-Mart Mom persona. Surely she knows that's over.
Barack Obama has noted, carefully and correctly, that we have only one president at a time. Yet on at least one issue he has taken the lead and nudged the man who will soon be his predecessor in a direction that he might not have taken without prompting.
I saw it on election night, as I scrolled through the exit poll that somehow made its way online (at least at cbsnews.com) even before the polls closed in Ohio.
President George W. Bush came out fighting for free markets with a strong and stirring defense of American capitalism on the eve of the G-20 World Economic Conference. Stocks soared 550 points Thursday as Bush’s luncheon speech was played live on all the major cable networks. It was as though Mr. Bush was trying to leave an economic-primer to his successor-elect Barack Obama. Markets cheered because it’s the best thing they’ve heard in many weeks.
Ever since California voters recalled Democratic Gov. Gray Davis in 2003 and replaced him with Republican Arnold Schwarzenegger, Sacramento has been passing gimmicky state budgets that did not raise taxes, but also kicked structural deficit spending into the next year.
While the ultimate occupants of three United States Senate seats are yet to be determined in Alaska, Georgia and Minnesota, chances seem small that Democrats will increase their new majority to 60 seats -- the supermajority that ensures against a successful filibuster. So the same Republicans who once complained about the use of that legislative weapon by the opposition now brandish it in warning to President-elect Barack Obama.
Every day since Nov. 4, the scope of Democrat Barack Obama's victory has grown more impressive. His electoral vote total of 364 is the highest for any presidential winner since Bill Clinton's reelection in 1996.
I'm delighted that Barack Obama has been elected president and that foreigners are delighted, too. But I never viewed eliciting delight from non-Americans a reason for choosing a president, including one of color.
For years I've been dining out on the story of the 1988 vice presidential debate, where Lloyd Bentsen literally cleaned Dan Quayle's clock -- "You're no Jack Kennedy" -- resulting in a huge increase in his own approval ratings and virtually no bump at all for the Dukakis-Bentsen ticket.
Vox populi -- the voice of the people -- was uttered Nov. 4. But what did they say, and what will President-elect Obama and the Congress do based on that voice?
