News Roundup - Hour 1
http://thedianerehmshow.org/shows/2010-09-17/news-roundup-hour-1
Tea Party candidates make gains in this week's Republican primaries. Some Congressional Democrats split with President Obama over ending tax cuts for high earners. And retail sales are stronger than expected. A panel of journalists joins Diane for analysis of the week's top national news stories.
Guests
Jake Tapper
ABC News senior White House correspondent.
Ruth Marcus
columnist and editorial writer, The Washington Post.
Juan Williams
NPR news analyst, FOX News political analyst, and author of "Enough."
News Roundup Video
The panelists discuss a controversial article by Dinesh D'Souza published earlier this week by Forbes magazine in which the author calls President Obama "the most anti-business president in a generation" and alleges that the president "adopted the cause of anti-colonialism" from his Kenyan father, who left the family when Obama was 2 years old. White House press secretary Robert Gibbs has said the article "represents a new low" and is "lacking in truth and fact:"
The panelists discuss President Obama's appointment of Elizabeth Warren to a special advisory role in creating the new Consumer Financial Protection Bureau:
Comments
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Diane,
Could you please clarify that the income treshold being discussed is for individuals making $200K or married couples making $250K? This seems like a significant marriage penalty. This is the equivalant of $125 per spouse, which on an individual basis is still middle class. Isn't there a significant difference between a household making $250K and the individuals such as brokers, lawyers making millions.
Sandi: What is your source. 1% of top earners pay 40% of tax bill and 10% of the rest of taxpayers pay another 30%. So you have 10% of the top income tax payer pay 70% total. Sound fair to me.
Steve: We will have to wait in November to see what happens.
Hold on davr. Ronald Regan increased taxes on the wealthy as well on small business, payroll, and energy as stated in this Forbes articile on 2-3-2010.
http://www.forbes.com/2010/02/02/barack-obama-ronald-reagan-budget-taxes...
As far as the Saving and Loans debacle this happened because of deregulation which happened in 1977. Before this there were foundation in place to limit mortgages but it was the Democratic who wanted to put more people in homes that deregulation took place under Carter.
Bush the second cut taxes that included middle wage earners like me because he promised it during his campaign. Remember Clinton in 1992 promised us in the national debate that he would cut taxes for lower 15% and make the difference up by adding that amount to higher income earners. Bush I told him it could not be done, He was right. Clinton gave the middle class once in office the biggest tax raise. Taking $4 tax and giving back $1 as tax credits. Clinton also cut the 1% Luxuary Tax that Bush passed in 1991.
Hold on davr. Ronald Regan increased taxes on the wealthy as well on small business, payroll, and energy as stated in this Forbes articile on 2-3-2010.
http://www.forbes.com/2010/02/02/barack-obama-ronald-reagan-budget-taxes...
As far as the Saving and Loans debacle this happened because of deregulation which happened in 1977. Before this there were foundation in place to limit mortgages but it was the Democratic who wanted to put more people in homes that deregulation took place under Carter.
Bush the second cut taxes that included middle wage earners like me because he promised it during his campaign. Remember Clinton in 1992 promised us in the national debate that he would cut taxes for lower 15% and make the difference up by adding that amount to higher income earners. Bush I told him it could not be done, He was right. Clinton gave the middle class once in office the biggest tax raise. Taking $4 tax and giving back $1 as tax credits. Clinton also cut the 1% Luxuary Tax that Bush passed in 1991.
Tim in Texas. I heard Ruth on and off and she does not a heck about small business. Don't you love it when these people spurt all kinds of stuff and do not quote the sources. Maybe I need to read the DMN. But she mentioned that only 2% of small business is qualified as making over $250.000.Where did she get these numbers from.
Another reason that she did not mentioned or I did not hear that small business is not hiring because the new tax bill will not be shown until January.
Nobody has any idea how it will effect their bottom line.
On another topic I heard Ruth stating that she did not like recess appointments and used former UN Ambassador Bolten as recess appointee. She stated that confirmation was refused because he did not follow the rule. The Democratic did not confirm him because they stated he was abusive to subordinates. Who hasn't been yelled at by a boss. But then politics is dirty.
liveride: But then the left has George Soros. Media Matter,Move-On.org. So the Left has their supporters.
Funny that you mention Big Oil because BP was the largest contributor to the Obama campaign.
Lets be objective.
liveride wrote:
Why isn’t the Tea Party organizing and demonstrating against Industries causing the Deaths and Lost Livelihoods of Millions of Americans? Why aren't they protesting Lack of Regulation against Wall Street, Oil and Coal companies that are Killing People and caused the Financial Devastation of Millions of Americans? Why aren't they protesting against BP and Halliburton's Gross Negligence in the destruction of Multi-Billion dollar Tourism and Commercial Fishing Industries in the Gulf Coast Oil disaster?
Because the Companies Responsible is who Started, Fund and Direct Tea Party action
Maybe they have but you do not hear from it on the mainstream media. Furthermore why should the Obama Administration close down a good part of the Gulf for one spill and deprive millions of people both workers and support business their lively hood?
Where were the career regulators?
Carol Ames wrote:
I am saddened to hear/ read this article by unesh d'souza; I greatly admired his book WHAT’S SO GREAT ABOUT CHRISTIANITY; now, I must read/ hear his works with caution, he is not the scholar I thought he was
Carol: Thats what objective journalism is supposed to be about. You may have admired what you read in his book which I cannot totally agree with but then I read his article in Forbes and totally agree with him, you don't.