By Evan Harris

Jul 11, 2010 8:41am

On Economy, White House Says ‘Better’ Isn’t ‘Good’

White House Senior Advisor David Axelrod conceded this morning on ABC News’ This Week that there wasn’t “a great appetite” on Capitol Hill for more spending to stimulate the economy, but called on Democrats and Republicans to support more tax relief for small business.


In his February budget proposal, the president requested $266 billion for additional stimulus for the economy.  And just a month ago, the President called for $50 billion in emergency aid to states alongside the extension of unemployment benefits.  This morning Axelrod called again for extension of unemployment benefits, but aid to states was not on his list.


“It’s true that there is not a great desire” on Capitol Hill to spend more money, Axelrod said, “even though there is some argument for additional spending in the short-run to continue to generate economic activity.”


“There’s not a great appetite for it, but I do think we can get additional tax relief for small businesses – that’s what we want to do – additional lending for small businesses,” the President’s senior advisor said.


“They are an engine for economic growth. We’re hoping we can persuade enough people on the other side of the aisle to put politics aside and join us on that,” Axelrod told host Jake Tapper.


WATCH VIDEO HERE:

User Comments

The propaganda from this clueless administration is endless.
If your credit card company raised your credit limit, would you consider that “tax relief”? Of course not.
Repeat after me:
Business loans are NOT tax relief. They’re debt!
Smart businesses don’t borrow money when they’re not sure what their future tax and regulatory burdens are. Period.

Posted by: Mary | July 11, 2010, 9:28 am 9:28 am

“Business loans are NOT tax relief. They’re debt!”
The same goes for “stimulus” grants to small businesses to manufacture electric cars or whatever other whims strike the minds of our current overseers.
Socialists (or Social Democrats if that makes anyone feel better) have great fun playing with other people’s money until it runs out.

Posted by: Bob | July 11, 2010, 9:52 am 9:52 am

Better isn’t good? Yeah, we’ve pretty much already figured that one out!

Posted by: LongT | July 11, 2010, 10:07 am 10:07 am

Very good idea to give subsidies to their taxpayers, their taxpayers are faithful their wars, they are expensive and many of these wars will never bring back their children whole and alive. Going to be hard to do support the opposition if they realize that was a bad idea and that it can to solve the problem of making people unhappy with the routine events of the country.

Posted by: Ubiratan | July 11, 2010, 10:08 am 10:08 am

Now this administration is supporting tax relief for small business as a economically beneficial? I’m having a hard time keeping up with this!

Posted by: LongT | July 11, 2010, 10:16 am 10:16 am

At least these guys are spending money on the people of United States instead of paying companies to leave and trying to set up global plutocracy.

Posted by: rightbehind | July 11, 2010, 10:21 am 10:21 am

Better isn’t good. This is ridiculous. If you put Sarah Palin or even Levi Johnston as Presidents, you can still say “Better isn’t good.”

Posted by: young_voter | July 11, 2010, 10:28 am 10:28 am

First of all, Jake needs to be a bit tougher on his “guests”. They get away with making statements that are simply part of the propaganda this administration continually spits out. He needs to call them call them on it. Regardless of siding with Democrats, Republicans, or Indep. the current administration is by far the most clueless bunch of mansy pansy’s that have ever been in office to date. They are absolutely excellent at one thing…yapping! They don’t stop flapping their lips long enough to see this once great nation going down faster than a speeding bullet because of their clueless, socialistic, mindset. Their policies on illegals, healthcare, Iran, and North Korea are lame at best. If no one stops them soon, “America” will soon cease to exist. They will have successfully made this nation into a third world country. Eventually, the “other people’s money” will run out. However, by then they will will have succeeded with their socialist plan.

Posted by: Star | July 11, 2010, 10:29 am 10:29 am

The very idea that the O’bama administrations thinks THEY KNOW WHAT IS BEST so they just make a recess appointent of Dr. Donald Berwick asAdministrator of the Centers for Medicare and Medicaid Services, Department of Health and Human Services. Since some Congressional members DON’T KNOW, then they just need to take care without botherning to have a hearing. WHERE will this administration’s presumtion that THEY know what’s best STOP?

Posted by: K. Bush | July 11, 2010, 10:34 am 10:34 am

This administration is so clueless its becoming comical. But the damage being done is not funny. They couldn’t run a small business if their life depended on it. 2012 can’t come soon enough.

Posted by: Macy | July 11, 2010, 10:44 am 10:44 am

After watching Jake Tapper’s interview with Axlrod it’s apparent the large corporation and Wall Street have a new tactic, persuade the public that Presdent Obama and his administration are unfriendly to business. Jake, ABC, Corporate America and Wall Street should remember the huge mess the Bush Administration handed the current administration. The financial community was a disastor and the greed that permeated all of Corporate Amercia was an embarassement to the country. We have almost 10% unemployement but if they handn’t done something the unemployment could have been double that. They should remember the Republicans bailed out Wall Street and big business first and forgot about the impact on main street. The American people aren’t naive and they understand that large Corporations and Wall Street don’t give a damn about what happens to main street unless it impacts their ability to pay large bonuses and dividends. They need the checks and balance that real regualation brings. We as a nation can grow and expand if we elininate the abuses of Wall Street and Corporate America. When Jake implied that President Obama is unfriendly to business he was following the new rehtoric developed by the spin masters of big business and Wall Street. It is the small businesses in the community that are hurting. They don’t have the funds to bank their cash, thy have to use it to pay bills. The unemployement that we see today is a direct result of policies that favored the large banks and Wall Street and if not controlled will cause an even deeper recession or depression in the not to distance future.

Posted by: Martin Shomaker | July 11, 2010, 10:47 am 10:47 am

Thanks to Republican “HELL NO!” votes against the Financial Reform Act, Banks have become bold and are dealing again with the bad Prime Adjustable Rate mortgage loans that help cause the Economic Crises and the Economic Collapse of the housing industry.

Posted by: Angie | July 11, 2010, 10:58 am 10:58 am

Republicans and Tea Partiers are so clueless. Arizona Republicans wrote legislation and try to pass it in Washington that will eliminate Amendment XIV Section 1 of Bill of Rights to the Constitution.
The Second half of Section 1 Amendment XIV reads: No state shall make or enforce any law which shall abridge the privileges of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law;nor deny to any person within its jurisdiction the equal protection of the laws.

Posted by: Angie | July 11, 2010, 11:05 am 11:05 am

Better is a lie. I am seeing people I know being laid off, in many parts of the country, right NOW!
The country is still in a downward spiral, and the stock market values are not going to change that, in any way. Ordinary people, do not have money to invest in the stock market.
The Obama admin needs to learn how to evaluate things, with real indicators, and not just the vagaries of the stock market.

Posted by: Rick McDaniel | July 11, 2010, 11:12 am 11:12 am

David Axelrod has to be the worst thing that ever happened to the Obama administration…

Posted by: island | July 11, 2010, 11:13 am 11:13 am

dont forget the debate with clinton, when obama admitted tax cuts are good for the economy except he is all about “Fairnes” and “spreading the wealth around”.

Posted by: madball | July 11, 2010, 11:19 am 11:19 am

Sick of the presidents LIES one after another .America can you not SEE it .He is Campaigning again and again.Our economy is worse it ever has been and will not recover as long as this community organizer is in the white house.

Posted by: Joeray | July 11, 2010, 11:22 am 11:22 am

Obama weakens the democratic party’s chances in November each time he gets out on the campaign trail … especially when his administration, which hasn’t secured Arizona’s border with Mexico, is seeking to prevent Arizona’s immigration law from taking effect…especially when the oil spill is still gushing oil in the Gulf…especially when unemployment is 9.5% after trillions of stimulus…especially when … oh never mind. The night of the election in November, the president and his administration will finally get it that the buck stopped with them and they didn’t get the job done that they said they’d do even with democratic control of both houses of Congress.

Posted by: Rob | July 11, 2010, 11:33 am 11:33 am

Why would anyone believe the White House dog washer Axelrod,who will say anything to save his plush job? Just look at the Un-employment if you want to see how the Economy is doing Nevada at 15% and Obama is campaigning for Reid to keep things the same?

Posted by: stormerF2 | July 11, 2010, 11:34 am 11:34 am

If you want to get more small business lending, then tax credits aren’t going to do the trick, because the problem is the banks, not the small businesses.
First, hire a thousand FBI agents to investigate and prosecute the banks. Next, wipe the bad paper off of their balance sheets. If that isn’t enough, create a federal small business lending institution.

Posted by: Flash Override | July 11, 2010, 11:37 am 11:37 am

Green technology is the future of this country. That’s the big reason that I support Obama’s drive to expand tax credits to clean energy corporations. The BP disaster is just the tip of the iceberg, which incidentally are melting because of global warming.
Our dependence of Filthy Fossil Fuels involves a dangerous game of Russian roulette. PLUS, green tech is an emerging industry and an emerging job engine. According to an article in the Business Section of the Los Angeles Times by Tiffany Hsu, green tech already provides California with 125,000 jobs – and green tech is still its infancy. If you want more info on future possibilities, I’d suggest you log on to AlgaeVenture Systems, or Sapphre Energy/OriginOil.
The GOP, which gets its money from Big Oil, has decided to make green tech a political issue. It’s not. Our national security depends on how fast we can liberte ourselves from Filthy fossil Fuels. The GOP wants America to fail. The GOP, the partyof NO responsibility, hates America.

Posted by: William Joseph Miller | July 11, 2010, 11:42 am 11:42 am

Wow !! Heard it all now “green energy is a job GROWER!? Love those Liberal Lies!
OBama used to talk about Spain as the “model” for green. Then the government leaked a memo blaming Green for the 22% unemployment, the newspapers started showing each job was costing %770,000.00
to “create”. The industry was fleeing the country as energy costs more
skyrocketed. Spain was in a free fall. People were screaming because of the ridiculously high energy costs.
Google “SPain green energy”
and see why Obama never talks about Spain anymore.
This is all a Liberal Lie! There is no green program even close to cost effective they all need massive massive taxpayers support

Posted by: Rick Allen | July 11, 2010, 12:07 pm 12:07 pm

Big business like GE and Verizon fear small business eating into their profit space. The recovery is driven by small business not big business so they are by definition a red hearing. Right now the SBA has loans available for new startup businesses with a 15 to 25% personal stake to obtain small startup loans in the state of New Mexico. The commercial real estate in New Mexico has responded by being the most expensive of any state. The fact is big business fears small business and they want to protect that at all costs. I call on this administration to quickly move this SBA program across every state in the union so that real estate speculators do not take advantage and increase the risk with a likelihood of failure. Again it is small business that will carve our way out of this economic fairy land that big business has put us all in. What Obama is about, is small business because he knows that small business people respond the best at hiring and hiring legally.

Posted by: Angelgroove | July 11, 2010, 12:08 pm 12:08 pm

So which is it: Tax relief or loans? Because they are definitely not the same.

Posted by: malcat | July 11, 2010, 12:14 pm 12:14 pm

THE GOP gets its money from BIG OIL?
Who was by FAR the largest recipient of oil company money ?
Barack Hussein Obama MM MM MM
Please remember most everything this Administration says it a half truth at best! We need more of this like we need a hole in the head

Posted by: Rick Allen | July 11, 2010, 12:16 pm 12:16 pm

What I remember is that the right wing garbage spread by Fox and its friends isn’t even a tenth truth. When are you Republicans going to stop wishing for this country to fail? And do you really think we do not know whose pockets you are in? You proved it for eight years.

Posted by: Mark | July 11, 2010, 12:24 pm 12:24 pm

Note to Mr. Tapper: Axelrod touts that the AMA and AARP are in favor of Burwick appt. AMA only represents 20% of physicians. AMA, AARP and Hosp assoc.are in bed with Obamacare due to the kickbacks they are getting.
It is an abomination that a person in control of a bigger portion of the budget than the defence department is not going through a confirmation process. Does Obama/Axelrod think that the secy of Defense should be a recess appt.???
As a physician who takes care of Seniors every day… I strongly OPPOSE CMS Rationing of healthcare.

Posted by: Maria KP | July 11, 2010, 12:50 pm 12:50 pm

Mark(12:25 PM); One doesn’t have to wish for Obama to fail. All one needs to do is stand back and watch. Don’t you see what’s happening?

Posted by: LongT | July 11, 2010, 1:04 pm 1:04 pm

Posted by: Rick Allen | Jul 11, 2010 12:07:15 PM
“This is all a Liberal Lie! There is no green program even close to cost effective they all need massive massive taxpayers support.”
Rick, just curious – are you familiar with the term “Peak Oil”. The peaking of world oil production is a classic risk management problem.
Google the report “Peaking of World Oil Production: Impacts, Mitigation, and Risk Management” – it was created by request for the US Dept. of Energy, published in 2005.
The report concluded we have roughly 20 years, optimistically, before the world reaches a steep decline in oil production. So now it’s 2010. We have 15 years. Without “mitigation” – or action to lessen the in severity of this drastic change in energy production, the report concludes that peaking of world oil production will cause major global economic upheaval and chaos.
However, economic upheaval is not inevitable. The report states government intervention will be required, and that expediency may require major changes to existing administrative and regulatory procedures.
Now here’s what I suspect. There are many people in Wall Street and government of all political stripes and far from “green”, who do not view this report as a “liberal lie”. Society does not benefit from panic. They see this transition as an opportunity to get into the ground floor of the next bubble – producing jobs and a happier electorate.
And yes, I also suspect it will require massive taxpayer support, always difficult to legislate, but much less troublesome than huge financial rewards from another bubble or dealing with major global chaos.

Posted by: green.goddess | July 11, 2010, 1:21 pm 1:21 pm

Green doesn’t necessarily require a ton of subsidies to work. All it really requires is to end the billions of dollars of subsidies taxpayers already provide to the fossil fuel industries, and a level playing field.

Posted by: Flash Override | July 11, 2010, 3:00 pm 3:00 pm

“Rick, just curious – are you familiar with the term “Peak Oil”. The peaking of world oil production is a classic risk management problem”
Of course there’s no point in planning ahead…

Posted by: Skip | July 11, 2010, 3:01 pm 3:01 pm

We are on the edge of the abyss
A great tidal wave of pubic debt is cresting… it is occurring the sun, whoa!, it is about to crash down on the American economy! No one will escape the consequences, not one, not me, not you, not our grandchildren…
The Dollar is a completely debased currency, a fiat currency… a dollar bill has no inherent value… only a value because of the belief that the Government can a will tax the American people sufficiently to pay the Government’s debt…
The current profligacy of of Mr. Obama defies all belief… there is simply no way… In short, Mr. Obama is writing checks the American people (and their descendants) cannot cash.
It the end of the Late Great USA… what will follow?

Posted by: Quo Warranto? | July 12, 2010, 1:11 am 1:11 am

These guys remind me of ants on log drifting downstream… they think they are steering!

Posted by: Quo Warranto? | July 12, 2010, 1:27 am 1:27 am

“the report concludes that peaking of world oil production will cause major global economic upheaval and chaos.”
This is why there must be continued exploration and drilling for oil until there is an economically viable alternative for fuel.

Posted by: Sigmonde | July 12, 2010, 2:37 am 2:37 am

Sure, give all the money and tax breaks to small business. Once that’s done, who is going to come and buy their goods and services if everyone is broke because they either don’t have a job or are afraid of losing the one they have?

Posted by: Harry | July 12, 2010, 6:23 am 6:23 am

Rick Allen said:
“THE GOP gets its money from BIG OIL?
Who was by FAR the largest recipient of oil company money ?
Barack Hussein Obama MM MM MM”
According to OpenSecrets, here are the 2008 campaign contributions from the oil & gas industry (top 5 recipients):
John McCain (R): $2,402,937
Barack Obama (D): $898,251
Rudolph W. Giuliani (R): $609,358
Mitt Romney (R): $504,094
Hillary Clinton (D): $364,456
Total to all candidates: $5,637,348
(Dems 28.0% and Repubs 71.9%)
Perhaps Mr. Allen could show us where he got his information?

Posted by: Guy Fleegman | July 12, 2010, 3:44 pm 3:44 pm

Posted by: Sigmonde | Jul 12, 2010 2:37:19 AM posted: “This is why there must be continued exploration and drilling for oil until there is an economically viable alternative for fuel.”
Well Sigmonde, I suspect that’s the same conclusion the Big Oil boys in the White House came to back in 2002. Iraq sits on a lake of oil. Back in 1999 the then CEO of Halliburton said, “While many regions of the world offer great oil opportunities, the Middle East, whith 2/3 of the world’s oil and the lowest cost, is still where the prize ultimately lies….”
Seriously, download the the report created for the US Dept. of Energy, “Peaking of World Oil Production: Impacts, Mitigation, and Risk Management”. It clearly shows why we need to build alternatives NOW.

Posted by: green.goddess | July 12, 2010, 7:56 pm 7:56 pm

Posted by: Quo Warranto? | Jul 12, 2010 1:11:37 AM
The blizzard of misinformation from the “Keep the Wealthy Happy Lobby” is funneled through people who are completely oblivious to the fact that Obama’s spending isn’t nearly as large a contribution to the increase to the deficit as REDUCED REVENUE.
That means tax revenue. During a recession, when people don’t have jobs, the loss of tax revenues increases American debt. And over the previous 8 years, while our nation may have generated more wealth than ever before, we created a pathetic 3 Million new taxpayers. Oh, and by 2007 the rest of the the middle class workers brought home an income that was LOWER than when Bush took office in 2001.
Here’s what happened: the top wealthiest 10% – those folks who most benefited from the Bush era tax cuts – became owners of 72% of America’s wealth. How? According to investigative tax reporter, David Cay Johnston, it was because the income tax rate was slashed from an average 29.4% to 16.6%.
So if the paranoid Tea Partiers want to reduce the deficit, cutting spending alone ain’t going to cut it. Government needs to spend to build long term Family Wage tax payers, and begin taxing those people at the upper end to pay their fair share.

Posted by: green.goddess | July 12, 2010, 11:35 pm 11:35 pm

“It’s true that there is not a great desire” on Capitol Hill to spend more money, Axelrod said, “even though there is some argument for additional spending in the short-run to continue to generate economic activity.”

Posted by: magic bullet | August 26, 2011, 9:11 am 9:11 am

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