Archive for the ‘Axelrod’ Category

Biden: Give Obama a F*&^%$#ing Break

March 22, 2009

 “Axelrod really wanted me to do this on teleprompter — but I told him I’m much better when I wing it. … I know these evenings run long, so I’m going to be brief. Talk about the audacity of hope. … President Obama does send his greetings, though. He can’t be here tonight — because he’s busy getting ready for Easter. (Whisper) He thinks it’s about him. …”

That was Joe Biden last night at the Gridiron Dinner:
http://www.politico.com/playbook/

 

Here’s what we wrote a couple of weeks ago about letting Biden fill in for the President at the Gridiron:

Did you lose your job?  Your house?  Is your IRA worthless?  Did Bernie the Bandito rob you of your retirement?

My wife and I can’t go on “spring break” because we have no money for that kind of thing any more: but President Barack Obama will leave Washington DC before long because he now needs and undoubtedly deserves a spring break with Michelle and his kids.  And in doing that, Obama will be the first president since Grover Cleveland not to attend the first Gridiron Club Dinner of his presidency.

That’s not a big loss since Joe Biden has agreed to step in and he is always a hoot with his ad lib remarks: like you can always find Indians and Pakistanis working in 7-11….

Related:
Psst: Obama; Biden Was Supposed To Be the Gaffe Prone Guy

Teachers Ask Pelosi, Dodd For Teaching on “American Values, Truth, Honesty, Competence”

Obama, Biden Chat Up Economy; Congress Talking “Stimulus II”

Rosy Talk From Obama and Gang is BS

 Biden Off Mic: “Gimme a f*&$#ing break”

U.S. President Barack Obama (L) laughs as he speaks to host ... 
U.S. President Barack Obama (L) laughs as he speaks to host Jay Leno on the NBC late night comedy show “The Tonight Show with Jay Leno” in Burbank, California March 19, 2009. REUTERS/Larry Downing

Advertisements

Financial Advice, Recovery, Trumped by Obama, Congress, Media, Polls

March 21, 2009

Last week when news came that AIG was paying huge bonuses to employees even after the federal bailout, the president’s two top financial advisors knew what to tell the president.

“Pay the bonuses.  We can’t void a contract.”

That advice came from Larry Summers and Treasury Secretary Tim Geithner: Obama’s top economic advisors.

“Summers is the head dog.  He’s Geithner’s mentor.  Geithner is the protoge.  I don’t know how Obama fires one and keeps the other,” a top man in New York financial circles told us.

So maybe that is why Obama has not yet fired Geithner.

Obama Talks Too Much: Time For Action
(Time to Fire Geithner and Summers Too?)

US President Barack Obama, seen here on January 29, 2009, sits ... 
US President Barack Obama, seen here on January 29, 2009, sits alongside Treasury Secretary Timothy Geithner.  Obama has to get his face out of the same photo with Geithner’s face….

And maybe that is why the stimulus contained a provision to allow the AIG bonuses: Geithner and Summers made sure it was put in.

Dodd would know but hasn’t named names.

Heck: Dodd has a house in Ireland to make his retirement happy and secure.

With the nation in what the president has called a financial “crisis” and even a “catastrophe,” Obama is moving away from his top financial advisors at least on some issues, and sticking close to the advice of White House Chief of Staff Rahm Emanuel and policy advisor David Axelrod.

“Those guys know politics.  They are listening to the Hill and watching the media and the polls.  That’s driving Obama’s policy right now,” a top political analyst told us.

Last year, while still a senator, Obama voted for the bailout for AIG….

Meanwhile, Ben Bernanke is taking heat from media folks.

Bernanke released  more money into the nation’s money supply this week and the price of gold went up while the value of the dollar dropped…..

****************

Dodd under fire in his home state:

Dodd’s decision to move his family to Iowa to campaign for a doomed bid for president, his initial refusal to release documents of his two controversial mortgages with Countrywide, criticism of how he financed a vacation cottage in Ireland, and now his involvement as Senate Banking Committee chairman in the bill that ultimately protected bonuses for executives at insurance giant AIG have all taken their toll.

Read it all:
http://news.yahoo.com/s/ap/2009
0321/ap_on_re_us/aig_outrage_dodd_3

Related:
Wall Street Journal: “Geithner Incapacitated;” President Voices Support

Government To Have Bigger Role in All American Lives; Obama Seeks to Increase Oversight of Executive Pay
Bankers Press Case Against Punitive Tax 

Obama, Geithner, Congress Squandering Confidence Needed For Recovery

Bonus backlash hits Wall Street

American Democracy With Checks and Balances is Broken; Media, Congress Failing

Obama’s Radicalism Is Killing the Stock Market

 Obama Spending, Tax Plans Likely Out The Window As CBO Predicts Much More Debt

Obama: Why Are We Saving Geithner and His Incestuous Relationship With Wall Street?

Finance, one of America’s great industries, being destroyed by Congress during crisis?

For Cuomo, AIG, Financial Crisis Is His Political Moment

 Did Obama White House Fuel AIG Bonus Mess To Enact Tougher Rules With Public Support, “Outrage”?

Obama adviser: Auto industry must restructure

February 15, 2009

President Barack Obama‘s senior adviser said Sunday that any plan to shore up the auto industry will need to require sacrifice by all involved, from auto workers and industry executives to shareholders and creditors.

By DOUGLASS K. DANIEL, Associated Press Writer

General Motors Corp. and Chrysler LLC are expected to submit plans to the government by a Tuesday deadline to show how they can repay billions in loans and become viable in spite of a drop in auto sales not seen for a generation.

“We need an auto industry in this country. There are millions of lives, livelihoods that depend on it,” White House adviser David Axelrod said on “Meet the Press” on NBC. “We have a real interest in seeing the auto industry survive, but it’s going to require a major restructuring of the auto industry.”

Asked if the U.S. economy could withstand a bankruptcy at GM, Axelrod didn’t respond directly. Executives at the two automakers have said bankruptcy would not benefit their companies because consumers would be reluctant to buy cars from an automaker that might go out of business.

“How that restructuring comes is something that has to be determined,” he said. “But it’s going to be something that’s going to require sacrifice not just from the auto workers but also from creditors, from shareholders and the executives who run the company. And everyone’s going to have to get together here to build companies that can compete in the future.”

Axelrod wouldn’t say whether the administration would offer the auto industry more bailout money. GM already has borrowed $9.4 billion to stay in business, and it would receive an addition $4 billion if the Treasury Department approves its viability plan. Chrysler wants $3 billion more on top of the $4 billion it has already borrowed.

“We need to see what it is that they come up with this week,” he said.

Read the rest:
http://news.yahoo.com/s/ap/20090215/ap_o
n_go_pr_wh/obama_autos

Stimulus: Obama Outsmarts Everyone

February 15, 2009

AM I crazy, or wasn’t the Obama presidency pronounced dead just days ago? Obama had “all but lost control of the agenda in Washington,” declared Newsweek on Feb. 4 as it wondered whether he might even get a stimulus package through Congress. “Obama Losing Stimulus Message War” was the headline at Politico a day later. At the mostly liberal MSNBC, the morning host, Joe Scarborough, started preparing the final rites. Obama couldn’t possibly eke out a victory because the stimulus package was “a steaming pile of garbage.”

By Frank Rich
The New York Times
.
Less than a month into Obama’s term, we don’t (and can’t) know how he’ll fare as president. The compromised stimulus package, while hardly garbage, may well be inadequate. Timothy Geithner’s uninspiring and opaque stab at a bank rescue is at best a place holder and at worst a rearrangement of the deck chairs on the TARP-Titanic, where he served as Hank Paulson’s first mate.

But we do know this much. Just as in the presidential campaign, Obama has once again outwitted the punditocracy and the opposition. The same crowd that said he was a wimpy hope-monger who could never beat Hillary or get white votes was played for fools again.

On Wednesday, as a stimulus deal became a certainty on Capitol Hill, I asked David Axelrod for his take on this Groundhog Day relationship between Obama and the political culture.

“It’s why our campaign was not based in Washington but in Chicago,” he said. “We were somewhat insulated from the echo chamber. In the summer of ’07, the conventional wisdom was that Obama was a shooting star; his campaign was irretrievably lost; it was a ludicrous strategy to focus on Iowa; and we were falling further and further behind in the national polls.” But even after the Iowa victory, this same syndrome kept repeating itself. When Obama came out against the gas-tax holiday supported by both McCain and Clinton last spring, Axelrod recalled, “everyone in D.C. thought we were committing suicide.”

Related:
Obama Team Gloats: Winning isn’t everything; it’s the only thing

Read the rest:
http://www.nytimes.com/2009/02/15
/opinion/15rich.html?_r=1

 
.
Treasury Secretary Tim Geithner

Obama And The Press: What’s The Future?

December 17, 2008

Robert Gibbs’ heady Washington rise was certified on a humid day in June when a procession of media and political fancies gathered in tribute to Tim Russert, the “Meet the Press” host who died of a heart attack several days earlier. The memorial service was a sweet, solemn and star-struck occasion that, as these events often do, yielded a neat snapshot of the Celebrity Washington food chain — who was up, who was down, who was winning the week.

By Mark Leibovich
The New York Times

In a smiling stampede of congratulations, mourners were wearing out the red-carpeted aisles of the Kennedy Center to get to Gibbs, a journeyman campaign flack who had latched onto Barack Obama’s Senate race four years earlier and has been his chief spokesman ever since. By now a senior adviser to Obama, Gibbs was here, along with Obama’s chief strategist and message guru, David Axelrod, to represent the soon-to-be Democratic nominee.

“The new It guys,” declared Anne Schroeder Mullins, a gossip columnist for Politico.com, noting the shameless run on Gibbs and Axelrod. “I bet they’re being inundated with people trying to book Barack on their shows.”

Between Obama and the Press
 

Above: Barack Obama with Robert Gibbs, left, and David Axelrod during a flight to Florida in May. The leakproof campaign team has given way to a transition process that is much harder to control.  Photo: Doug Mills; New York Times

The paradox of this scene was that the Obama campaign’s communications strategy was predicated in part on an aggressive indifference to this insider set. Staff members were encouraged to ignore new Web sites like The Page, written by Time’s Mark Halperin, and Politico, both of which had gained instant cachet among the Washington smarty-pants set. “If Politico and Halperin say we’re winning, we’re losing,” Obama’s campaign manager, David Plouffe, would repeat mantralike around headquarters. He said his least favorite words in the English language were, “I saw someone on cable say this. . . .”

Read the rest:
http://www.nytimes.com/2008/12/21/magazine/21Gibbs-t.html?_r=1&hp