In his April 13th Remarks on Fiscal Policy, President Obama claimed:
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That's right! From Major Garrett's front-page National Journal story: "Seeing Red: John Boehner's troops are spoiling for a fight, but the speaker wants to aim before he shoots." And another heading on the cover: "Coming salvos against the Fed." Meanwhile in the table of contents are the following headlines: "The lesser evil," "Two-front war," and "Hostile takeover." (I exclude "The War of Law" just because it's a story about an actual war.)
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With the midterm elections behind him and a fractious new Congress heading to Washington, President Obama is closing out the year in a precarious spot -- with his hopes for a better new year hinging on the economy. Obama last week signed a hard-fought bill that extends Bush-era tax cuts for two years, continues unemployment benefits, cuts Social Security payroll taxes and more.
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Earmarks epitomize to many Americans the corrupt culture that has brought Congress to its lowest level of public esteem in modern history.
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The most recent reports on unemployment dealt a serious blow to at least one man's sense of job security: President Obama.
The president, harshly rebuked in the midterm elections by voters who thought he hadn't done enough to create jobs and revive the economy, is hanging his hopes for a second term on the expectation that the great recession would bottom out and that more Americans would soon be returning to work.
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As angry Democrats beat a path to television cameras Wednesday to denounce a White House tax compromise with Republicans, President Obama was making a show of being presidential. He dispatched Vice President Biden to Capitol Hill to deal with lawmakers. He summoned his Cabinet for a meeting. He met with the president of Poland and, for a rare second day in a row, took questions from reporters.
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Elections matter, and that is as it should be — otherwisem kiss democracy goodbye. Here is what the 2010 anti-President Barack Obama uprising already means: compromise, as in this admonished president saying he will agree to keep income taxes down for high-income Americans if Republicans will do him some favors too.
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Calling it a "grave injustice" to let middle-class tax cuts expire, President Obama outlined a deal he struck with Republicans on Monday to extend all tax cuts for two years in exchange for a 13-month extension in jobless benefits.
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