Marian Wang: Not extending federal unemployment insurance, it noted, would cause 2 million unemployed workers to be cut off from federal unemployment benefits by the end of the year.
Joseph Palermo: The whole tenor of the next two years is going to feel like George W. Bush never left office. The GOP will have de facto control over the nation’s politics and agenda. If President Obama goes down the Clinton path of triangulating against his progressive base (as seems likely) then he deserves to be a one-term president.
Norman Solomon: Deficit commission co-chairs Alan Simpson and Erskine Bowles are pushing scenarios that would undermine Social Security, while all sorts of contorted rationales are in the air for continuing the Bush tax cuts for the wealthy.
Shamus Cooke: Obama’s Deficit Reduction Commission attacks Social Security and Medicare. The retirement age would be raised from 67 to 68 (for those born after 1959) and from 68 to 69 (for those born after 2006). But current retirees will be affected too. The social security cost of living adjustment will be unhinged from the inflation index, meaning, payments will decrease via inflation.
Ivan Eland: Although Bush can’t change his domestic catastrophes, such as the federal response to Hurricane Katrina or the horrendous financial crisis and the $700 billion Wall Street bailout, if Iraq and Afghanistan eventually reach some stability, he may be regarded as the man who threw out the despotic regimes of Saddam Hussein and the Taliban.
Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.
Gil Troy: The “Yes We Can” Candidate of 2008 – who seemingly could do no wrong – is now seen by millions as the President who can do no right leading a sobered “No We Can’t” citizenry, many of whom have lost jobs, lost hope for the future, and lost faith in the man who seemed so promising as a leader just two years ago.