John King, USA

The latest political news and information on the most important stories affecting you.
July 8th, 2011
03:52 PM ET

Be in the know: Today's political bullet points

Every day we ask influential politicos to send us their top three bullet points that are driving the day's conversation inside and outside Washington.

Firedoglake.com Blogger/Founder Jane Hamsher:

Obama’s Political, Economic Advisers Say Jobless Rate Won’t Matter in 2012
The Breaking Point – Protect the Social Safety Net
Mr. President; You Are Out Of Touch on Debt

RedState.Com Editor Erick-Woods Erickson:

– "Plop, plop. Fizz, fizz. Oh what a relief it is." No doubt they're singing that at the White House this morning as the jobs report comes out and the Alka-Seltzer gets passed around. Start your stop watches and see how long it takes the White House to suggest another stimulus package is needed. Already, left-wing boy wonder Ezra Klein is lamenting that the last one was just too small.

– Meanwhile, Bill Burton of Obama campaign and White House fame says no one will vote based on the unemployment number. He is most likely right. People won't be able to afford the gas to get in their car to drive to the polls to vote at the rate we are going.

– And then there is John Boehner. The new rumor is he is leading Republicans toward going along with $1 trillion in new revenue for the government through "revenue increases" that are somehow not supposed to be tax increases. There's just one problem. Should you take a chart and plot on it all the revenue projections to come in from tax . . . er . . . revenue increases in the past thirty years and then plot how much those increases actually brought in, the actual is always less than the projected. It's the opposite of Barack Obama's now-famous chart showing what unemployment would be if the stimulus passed versus it not passing.

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Filed under: Bullet Points
soundoff (2 Responses)
  1. Joe Tejeda

    I'm not for either party. What bothers me is that it took Bush and the Republicans 8 years to really derail us. Now we have the Republicans using the debt ceiling as a way to use our economy as a bargaining chip. Everyone is expecting Obama to turn everything around on a dime. How could anyone turn things around with the snap of their fingers in light of the new readjustment of our economy to the global economy? I now see why his hair has gone from black to just about gray/white. I'm glad I'm not in his shoes.

    July 8, 2011 at 7:20 pm |
  2. Alan Cole

    I was wondering if anyone has looked at the states which have cut back on spending and tried to balance their budgets in the past two years by laying off government workers, and whether their unemployment rates have increased or decreased? That should be a good indication of what we need to do to create jobs....stop spending or increase taxes?

    July 8, 2011 at 7:32 pm |