debt, printing money to buy debt. instead of having it sold to other people and reduce long-term interest rates and keep those down. those are the margins, though. very much on the margin. the other thing, signal they re going to keep short-term interest rates low for a longer period of time to encourage people to borrow. more on the margins, to try to signal what the fed is doing something but there s not a lot they re going to do and certainly nothing that is going to get done that is going to change the trajectory of the economy between now and election day. margaret carlson, what do they do at the white house as the economy keeps stumbling along, hoping mitt romney makes mistakes? that s one hope. i would think. and he does make them. but they re doing the fairness argument, that, you know, the economy isn t fair to you. you re playing on unfair territory and going after the tax argument, which is, you know, it was having some effect, the bain ads were having some
governor paul la page. and records smashed from the midwest to the east coast. and now a new record. this past year has been the warmest ever for america. so turn up the ac, grab a cold drunk. cnn newsroom begins right now. good morning to you. thank you so much for joining us. i m carol costello. right now, president obama is just about to head to the heartland. he is visiting the battle ground state of iowa and reaching out to middle class voters. that s who would most benefit from his plan to extend the bush era tax cuts. here s what s going to change. basically if we don t do anything, everybody s taxes go up at the end of this year. now, understand what i m proposing is 98% of america, 98% of american families, won t see their taxes go up according to my plaque. plan. the only folks who would see their taxes go up would be the top 2%, folks like me who don t need those tax breaks, are doing just fine without them. republicans will seize the spotlight first in
there is no rate authority. there is a big chance that rates could jump up after this goes into effect. so, a lot of the costs are hidden by subsidies. americans don t necessarily want the federal government telling them what to do, telling them what to buy, what not to buy. why aren t you focusing on that? why are you being so politically dumb first of all, totally crass messages with him and eric fehrnstrom. nobody thinks eric fehrnstrom is out there freelancing. everybody knows this is a message they had, it didn t work, and now conservatives, wall street journal editorial board, bill kristol, now conservatives are saying what s wrong with you? whose side are you on? not only are you messing up the health care message, we re worried you re going to mess up the entire campaign. this is such a softball. why are you swinging at it? steve, was this dumb? well, they bungled the sort of rollout of getting his position straightened badly, i think. and i do agree, i doubt they ll ge
i m not putting kennedy in but three brilliant conservatives and one independent right leaning guy was going to reflect the rest of the country that believes that way? that doesn t make sense. they tore him apart in their dissent. they tore him apart and he knew he was going to be torn apart. there is nothing left of the tax argument after you read the dissent. bill: right. he himself admitted. there is an element of his decision, there is this thing called the anti-injunction act where you are not allowed to sue the government over a tax until and unless it s already been implemented. obviously that would apply to this. so, in other words, the entire suit against obama care is invalid. how does roberts get around it? he actually writes that for the purposes of the constitution, it s a tax. but for the purpose ever the anti-injunction act, it s a penalty. that s completely illogical. bill: he had to know it was illogical. i m going back.
the only way to explain what he did is that as chief justice he wanted to appear nonpartisan. he wanted to produce a decision whether left and right were agreeing on the main. bill: how key possibly think that the right was going to agree with the taxation? look, in the presentation, the obama administration s justice department lawyers presented 31 pages to the supreme court arguing that the individual mandate should be upheld. they presented 11 pages arguing that they had the power to tax. so, by our breakdown, it s 74% of the time was spent on upholding the commerce clause so-called. which justice roberts struck down. 26 on the tax argument. how did he think that a conservatives were going to say oh, yeah, punitive taxation, coercive taxation, that s what we want the american federal government to be. that goes against our whole history as i made the tea party reference. look, i think you are