Obama Can't Cull Farm Subsidies

Budget would institute 'Buffett Rule,' boost infrastructure

(NEWSER) - President Obama officially unveiled his $3.8 trillion budget today, and as expected it draws a 2012 battle line, calling for higher taxes on the wealthy combined with spending measures intended to bolster the economy, the AP reports. "We built this budget around the idea that our country has always done best when everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules," Obama said, according to CNN . "This is not about class warfare. This is about the nation's welfare." More»

Chrysler ad a political football

(NEWSER) - God bless America ... and the Chrysler bailout ... seemed to be the message that left football fans misty-eyed after Clint Eastwood's Super Bowl Chrysler ad. It's "halftime" in America, and we're all pulling together for a brighter economic future, says the gravelly-voiced star. But Eastwood was opposed to the bailout that made the Chrysler turnaround possible, and now the ad has become a political football as Dems score points with it and the GOP tackles it, notes ABC News . “Saving the American Auto Industry: Something Eminem and Clint Eastwood can agree on," crowed White House spokesman Dan Pfeiffer on Twitter, referring to Eminem’s Chrysler ad during last year's Super Bowl. "Powerful spot," chimed in Obama re-election strategist David Axelrod. But George Bush's political maven Karl Rove snapped that he was "offended" by the ad, which he argued was orchestrated by the administration to paint a rosy future. More»

Treasury secretary says he's done after election

(NEWSER) - Tim Geithner is pretty sure he's going to be joining the ranks of the jobless after the election: The Treasury secretary—the longest serving member of President Obama's economic team—tells Bloomberg that Obama is "not going to ask me to stay on, I’m pretty confident. I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury." The White House announced in August that Geithner would stay put through the election, amid Beltway rumblings that he would step down. More»

Editorials largely take the president to task

(NEWSER) - Barack Obama's decision to reject TransCanada's Keystone XL oil pipeline has set a lot of tongues wagging, with some of the biggest papers in the country devoting today's editorials to it. Here's what they're saying:

• "We almost hope this was a political call," says the Washington Post , "because on substance, there should be no question." Without the pipeline, TransCanada will sell to China, and US refineries will import from the Middle East—resulting in a lot more oil crossing the ocean in tankers.

...because he's not terribly interested in fighting it

(NEWSER) - Democrats saw the way Mitt Romney's super PAC destroyed Newt Gingrich in Iowa, and it terrified them, because President Obama's super PAC—or as Politico terms it, "not-so-super PAC"—doesn't have the muscle for anything like that. "It's like when China got the bomb," says one Democrat close to the PAC, "We thought we were the ones with cash supremacy. That's clearly not the case." Obama's Priorities USA Action has just $5 million in the bank, less than half Romney's $12 million. More»