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Randall Mikkelsen / Reuters:
Obama may delay tax-cut rollback for wealthy — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON (Reuters) - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.
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The Huffington Post, The Politico, Open Left, New York Times, Associated Press, Below The Beltway, Hot Air, Power Line and Sweetness & Light
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New York Times:
Obama Aides Signal Deeper Cuts in Taxes and Spending — WASHINGTON — President-elect Barack Obama has signaled that he will pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail — a plan “big enough to deal with the huge problem we face …
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The Politico
Glenn Greenwald / Salon:
Progressive complaints about Obama's appointments — (updated below) — I've been genuinely mystified by the disappointment and surprise being expressed by many liberals over the fact that Obama's most significant appointments thus far are composed of pure Beltway establishment figures drawn …
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TalkLeft, Open Left, Jules Crittenden, Liberal Values, American Power and American Street
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James Kirchick / NY Daily News:
Barack Obama doesn't fear the enraged, impotent Netroots
Barack Obama doesn't fear the enraged, impotent Netroots
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Right Wing Nut House, The Gun Toting Liberal, Below The Beltway, Donklephant, www.redstate.com and Balloon Juice
Thomas L. Friedman / New York Times:
We Found the W.M.D. — So, I have a confession and a suggestion. The confession: I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don't know me, but I have to tell you that you shouldn't be here.
Swaraaj Chauhan / The Moderate Voice:
Ah! Joy Of A Large Airplane Seat... I feel uncomfortable/cramped in the economy class seats while travelling by air. I have always wondered how those who enjoy a larger girth than mine manage to squeeze into the narrow seats. — So it is heartening to hear that the Supreme Court of Canada …
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Althouse
Daniel Gross / Slate:
Why all those Great Depression analogies are wrong. — It's difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression. “This is not like 1987 or 1998 or 2001,” Merrill Lynch CEO John Thain said at a conference on Nov. 11.
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Paul Krugman, Right Wing Nut House, the talking dog, The Mahablog and Outside The Beltway
Byron York / www.dcexaminer.com:
Sunday Reflection: Have We Changed Yet? — I spent several years of the Clinton administration writing about one scandal or controversy after another. — There was, of course, the Whitewater affair and the fight over the independent counsel, Kenneth Starr. There was the Lewinsky matter.
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Commentary
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George Lardner Jr / New York Times:
A Pardon to Remember — WHEN President Bill Clinton pardoned …
A Pardon to Remember — WHEN President Bill Clinton pardoned …
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Gateway Pundit, Commentary, The Corner, Political Punch, Townhall.com and THE ASTUTE BLOGGERS
New York Post:
RANGEL DOUBLE-DEAL$ — REAPED DC HOME PERK WHILE BENDING APPLE RENTAL RULES — Harlem Rep. Charles Rangel took a “homestead” tax break on a Washington, DC, house for years while simultaneously occupying multiple rent-stabilized apartments in New York City, possibly violating laws and regulations in both cases.
Watertiger / Dependable Renegade:
“Screw it. Ah'm off the wagon an' lovin' it.” — While attending APEC in Lima, Bush partakes of a traditional Peruvian drink known as a “Pisco Sour” (leave your puns in comments). The ingredients? … And it shows: — “You Orientals tickle!” — REUTERS/Kevin Lamarque
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The Reaction
Washington Post:
Banking Regulator Played Advocate Over Enforcer — Agency Let Lenders Grow Out of Control, Then Fail — When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007.
Sarah Baxter / Times of London:
Green Obama's official limo is a gas guzzler — On the campaign trail, Barack Obama promised to get a million plug-in hybrid cars on the road by 2015. His own new presidential limousine will be far from green, however. — The Obamobile being prepared for the president-elect …
Faiz Shakir / Think Progress:
George Will: 'The First New Deal Didn't Work' — Economists on both the left and right broadly agree that the need for stimulative government spending is necessary to prevent a further collapse of the global economic system — just as the New Deal and the deficit spending of World War II restored …
Mike Allen / The Politico:
Richardson at Commerce, Summers as economic adviser — Democratic sources report two major decisions by President-elect Obama: New Mexico Gov. Bill Richardson (D) will be named secretary of Commerce, subject to final vetting. And Lawrence Summers, Treasury secretary in the Clinton administration, will be White House economic adviser.
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