Obama's Mandate - Who Has The Leverage?

"Business organizations said Wednesday Barack Obama's re-election gives him a mandate to quickly address the pending fiscal cliff and work for deficit reduction and tax reform.

The groups, however, stressed the two goals shouldn't both be tackled in the next few months.


Agence France-Presse/Getty Images
"There isn't much time," said John Engler, president of the Business Roundtable, referring to the lame-duck session of Congress. "At minimum you have to get the fiscal cliff under control" by extending existing tax rules through 2013 and avoiding steep cuts to military spending and other government budgets.

Mr. Engler said any type of "grand bargain" should be put off until next year to avoid the risk that Congress ends up gridlocked in an attempt to enact wider reforms before mid-January."*

Cenk Uygur breaks down Obama's mandate-- will he use it, or throw leverage back to Boehner and the Republicans? Will promises of raising taxes on the rich be fulfilled? Or will he enter into a grand bargain-- which is NOT helpful to progressives or in line with Obama's progressive-minded platforms?

*Read more from Eroc Morath/ Wall Street Journal:
http://blogs.wsj.com/economics/2012/1...

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• Category

  News & Politics

[kema0180]

I think i literally just gave up on Politics. If he doesn't do the mandate to end the bush tax cuts, i don't think i am ever going to vote again. Why should I? it's not like it matters which party is ruling if the outcome is the same. This is frustrating.

[Jean-Paul Sartre]

Vote third party, my friend. Stop wasting your vote on the two party duopoly.

[kylescotternest]

taxing the rich WILL NOT HELP. WE NEED TO TAX THE SUPER RICH THE BILL GATES, ALEN GREENSPAN'S THE BERNENKIE FUCKER

[frenchis19]

MANY PEOPLE THINK A SOCIALIST COUNTRY WOULD BE BETTER CAUSE IT SOUNDS GREAT BUT OBAMAS GONA SHOW US HOW ITS REALLY DONE AND ALL HIS VOTERS ARE GONA GO AFTER HIM BUT IT WILL BE TOO LATE!! HES A SWINDLER LIKE EVERY PRESIDENT AND WHY SHOULD YOU EXPECT ANYTHING OTHER THEN THIS?

[woofalot13]

Congrats you have just woken up to the reality of politics :) :Power lurches from one pile of shit to another and you just have to sit back watch and just hope you get the lesser of the self serving shit heads .

[hofifut]

You're one of the few TYT viewers that aren't hoodwinked by this grandstanding loudmouth host.

[SyringeCycle]

Republicrats are destroying this country...you ether cut spending or you raise taxes and we are doing neither. Its probably to late at this point because the debt is unmanageable. We have only 1 party of war and debt who are worse at managing a budget than a teenage girl with her parents credit card. Get ready for the greatest economic depression ever. Obama/Romney voters should be ashamed for supporting such incompetence.

[LawyerScumGhost]

The only winning move is not to play.  (War Games)

[kvnd7331]

gary johnson the 3rd party candidate got over 1 million votes this year you should follow libertarians more

[PaladinHero]

Bingo. That's why I didn't vote this election. Once you find out about the NDAA and the fact that it was sponsored by McCain and signed off on by Obama, there's no reason left to think that any legitimate difference remains between either party despite what they say.

[strictlydope84]

Don't get me wrong I'm completely familiar with what has been going on. It's just that I felt Cenk went slightly over the top in this video. I'm still a massive fan, but let's keep it real...this is a small critique on a great show. One Love!