Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

White House says it will focus on deficits - Cap and Trade to "back burner" (Politico)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 07:58 AM
Original message
White House says it will focus on deficits - Cap and Trade to "back burner" (Politico)
President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.

The president's plan, which the officials said was under discussion before this months Democratic election setbacks, represents both a practical and a political calculation by this White House.

<SNIP>

Democrats have to reassure voters we are not being reckless, said a Democratic official involved in the planning. The White House knows this and that's why we'll be hearing a lot about reducing the deficit early next year. Democrats owned this issue for the past four years and cannot afford to cede it to Republicans now."

The big question for Obama and the country is whether the sudden concern about deficits will be more rhetoric than reality once his first State of the Union address concludes.

All presidents promise deficit reduction and almost always fall short. There is good reason to be skeptical of this White House, too, on its commitment.

For starters, the White House has not dropped plans for an aggressive global warming bill early next year that will be loaded with new spending on green technology and jobs that would be paid for with tax increases. Democratic lobbyist Steve Elmendorf says the White House focus on deficit reduction could easily kill the cap-and-trade effort. I think this means cap-and-trade has to go to the backburner, he said

<SNIP>

http://www.politico.com/news/stories/1109/29471.html
Printer Friendly | Permalink |  | Top
Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 08:16 AM
Response to Original message
1. Sounds like they are worried about mid terms if this is true
.
Printer Friendly | Permalink |  | Top
 
geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 09:06 AM
Response to Reply #1
5. Of course they're worried about midterms--they should be.
I'd be worried if they weren't worried.

At the same time, pandering to the deficit fanatics is necessary.
Printer Friendly | Permalink |  | Top
 
Kokonoe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 08:43 AM
Response to Original message
2. OH NOs... Spending on Green technology and jobs.
How can the oiled up banks not fail and pull down all of us with Wall Street.

OK, just give me a green job.
Printer Friendly | Permalink |  | Top
 
Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 09:01 AM
Response to Original message
3. What election setbacks?
There are two new dems in the house. And the dems were expected to lose those local races.
Printer Friendly | Permalink |  | Top
 
geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 09:05 AM
Response to Original message
4. "the white house has not dropped plans for an aggressive global warming bill.'
But, some lobbyist says otherwise, so Republico goes with that angle.
Printer Friendly | Permalink |  | Top
 
Onlooker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 10:16 AM
Response to Original message
6. Another Republican victory
Rather than raise taxes on the wealthy, let's continue to destroy the environment. Nonetheless, I doubt if the Obama campaign will get much by way of donations from the bankers, brokers mortgage lenders, and polluters they are reaching out to.
Printer Friendly | Permalink |  | Top
 
BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 10:44 AM
Response to Original message
7. It would be politically delinquent to do anything but focus on economic health next year
Printer Friendly | Permalink |  | Top
 
jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 10:53 AM
Response to Original message
8. Obama eyes domestic spending freeze (AP)
Obama eyes domestic spending freeze

WASHINGTON - The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.

It's part of a White House drive to stem the flood of red ink after a year of stimulus spending aimed at boosting the economy.

As record deficits continue, White House budget director Peter Orszag said Friday it's imperative to start curbing the flow of red ink in coming years so as not to erode the fledgling economic recovery. But Orszag says it's a balancing act and that acting too fast could undercut the recovery.

http://www.msnbc.msn.com/id/33910089/ns/politics-white_...
Printer Friendly | Permalink |  | Top
 
Aramchek Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-13-09 12:11 PM
Response to Original message
9. Politicon!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun Dec 28th 2014, 06:32 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC