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Even those who support the tax credit say that, as with those earlier programs, the percentage of companies collecting the tax break who are hiring because of the job stimulus will be very low. John Bishop, who teaches about human resources at Cornell University and has proposed a job-creation tax-credit plan, says about 80% of any tax credit for new hires would go to companies that would have added workers anyway...
...Republicans say they haven't seen any downside yet to opposing reform. Brown actually stepped into Obama's populist trap by opposing the bank tax, and it didn't seem to help his opponent, Martha Coakley, even though internal polling gave her a 21-point advantage when it came to "taking on Wall Street." Why? "People thought Democrats in Washington would not deliver on these issues," says her pollster, Celinda Lake...
...Fight or Fix? "Your bosses are sociopaths! A bunch of Ted Bundys in $10,000 suits!" The words were hurled by an unnamed Democratic Congressman at a bank lobbyist who must also remain anonymous. Suffice it to say the lobbyist is getting used to hostile greetings. "We get it: we're al-Qaeda, and nobody wants to be seen with us," he says. "Obviously, we're going to take some abuse in 2010." Like most bank lobbyists, he says he supports financial reform - as long as it doesn't include a consumer agency or a bunch of other provisions that...
...This is not to say the White House wants an issue rather than a bill. It wants both, especially if health care dies and leaves Democrats short on achievements to brag about in 2010. It's simply decided that the most plausible path to a bill is to warn the public that the financial system is still a ticking bomb, and to try to make opposition to strong reform tantamount to support for the terrorists in fancy suits. The problem is that on an issue this complex, with so many contentious provisions and alternative proposals floating around, naysayers are always...
...When Obama spoke about creating jobs for small business, Boehner spread his hands and cocked his head as if to say, "So now you're getting it." When Obama congratulated himself for not raising income taxes by "a single dime," Boehner looked incredulous - as if to say, "Really, he wants credit for that?" When Obama asked "if anyone from either party has a better approach" to health care reform, Boehner shot out of his seat and raised his hand. He was not called...