Robert Gibbs, MSNBC political analyst and Obama’s press secretary, believes that Donald Trump’s destructive actions will be the key reason Joe Biden will win in November. Aired on 10/07/2020
» Subscribe to MSNBC:
About Deadline White House: Before getting into cable news, Nicolle Wallace worked in politics, including as President George W. Bush’s communications director during his administration and for his 2004 re-election campaign. Those experiences helped contribute to the knowledge and unique point of view she brings to this program. Wallace leads dynamic discussions on the political stories driving the news cycle with Washington insiders and well-sourced journalists. She also provides in-depth reporting while delivering up-to-the-minute breaking news to viewers.
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.
Connect with MSNBC Online
Visit msnbc.com:
Subscribe to MSNBC Newsletter:
Find MSNBC on Facebook:
Follow MSNBC on Twitter:
Follow MSNBC on Instagram:
Fmr. Obama Press Secretary: ‘Donald Trump Being Donald Trump’ Is What Will Cause Him To Lose | MSNBC
There’s gonna be one of those “Where Are They Now?” shows with the Trump Administration in 10 years. Half of them will either be dead or in jail. 🙄
Hopefully, both — dead in jail.
Or in Kansas (MoscowMitch) scrubbing around trying to beg a dime from people he abandoned when they needed the Senate to support them during COVID
*Biden’s Tax Plan Would Make America Less Prosperous*
Sept 29, 2020 https://www.freedomworks.org/content/bidens-tax-plan-would-make-america-less-prosperous
*If you used your free time on Saturday or Sunday to watch football, you may have seen an ad run by Joe Biden’s campaign in which the narrator says that Biden won’t raise taxes on anyone earning less than $400,000 annually. The ad perpetuates the myth that the Tax Cuts and Jobs Act was a “tax cut for the rich.” As Chris Edwards of the Cato Institute notes, the Tax Cuts and Jobs Act “provided the largest percentage tax cuts to the bottom two quintiles—that is, the bottom 40 percent of U.S. households.”*
Biden is targeting higher-income earners because he has to pay for his proposed $5.37 trillion increase in federal spending. This estimate comes from a recently released model provided by the University of Pennsylvania’s Wharton School. (We’re aware of a loose estimate that puts Biden’s spending agenda closer to $10 trillion.)
Biden has proposed $3.38 trillion in tax increases, roughly 43 percent of which would come from changes in the corporate tax code. (Penn-Wharton doesn’t take macroeconomic effects into account, so the actual revenue under the proposed tax increase would be lower than the estimate.)
Almost 30 percent would come from changes in the payroll tax, such as eliminating the wage base. The remaining nearly 30 percent would come from proposed tax increases and changes in the individual tax code. The Tax Foundation estimates that Biden’s proposed tax increases would be the fifth-largest since 1940. The Tax Foundation estimates that Biden’s tax increases would increase revenues by $3.05 trillion on a static basis and $2.65 trillion on a dynamic basis.
In all, Biden’s proposals would increase the budget deficit by nearly $2 trillion over ten years. Because of the tax hikes Biden is proposing, there will be less investment in the economy, meaning fewer job opportunities for Americans.
Biden’s Domestic Agenda: More Government
Biden is proposing large increases in education and healthcare spending. He’s also proposing substantial increases in research and development spending for water infrastructure, high-speed rail, clean energy, and more. For our purposes, we’re focusing on Biden’s education and healthcare proposals, considering that these are the two biggest-ticket items, but we’re also going to touch on Biden’s plans for Social Security.
Biden would spend almost $1.93 trillion on education. His education proposal includes universal pre-K, which has been something that Democrats have been pushing for years. He also wants more money for Title I schools (schools that have a large number of low-income students), two years of “free” community college, and free college for low-income students.
When it comes to universal pre-K, Biden’s platform states, “Provide high-quality, universal pre-kindergarten for all three- and four -year-olds. For families with young children, finding highly quality pre-K is a major financial, logistical, and emotional burden, with potentially life-long consequences for their children. As President, Biden will work with states to offer pre-K for all three – and four-year-olds. This investment will ease the burden on our families, help close the achievement gap, promote the labor participation of parents who want to work, and lift our critical early childhood education workforce out of poverty.”
Universal pre-K may sound good, but Eric Boehm of Reason explains that “studies have found that most educational gains from early childhood education tend to wash out after a few years.” Specifically, a 2013 study front the Office of Planning, Research, and Evaluation at the Department of Health and Human Services found that “there were very few impacts found for either cohort in any of the four domains of cognitive, social-emotional, health and parenting practices” of Head Start, which promotes early learning, once children end 3rd grade.
Biden’s plans for higher education are problematic for two primary reasons. He wants to provide two years of “free” community college. (It’s worth noting that Congress effectively nationalized student loans in the Health Care and Education Reconciliation Act of 2010.) The first is that more government subsidies for college will make college more expensive. Granted, the expense won’t fall on students or their parents; it’ll fall on taxpayers. There’s already evidence of this. A study from the Federal Reserve Bank of New York estimated that the cost of college rises by 40 cents to 60 cents for every dollar that the federal government spends on education.
The second problem is that as the number of people graduating from college increases, it diminishes the usefulness of a college degree. Bryan Caplan calls this “credential inflation.” Caplan explains, “If everyone had a college degree, the result would be not great jobs for all, but runaway credential inflation. Trying to spread success with education spreads education but not success.”
Of course, we should make it easier for people to go to college, but more government involvement in the equation only makes it more expensive. There’s also a moral argument here. Students who take advantage of “free” college but don’t finish will owe nothing. (Obviously, there may be very valid reasons for not finishing.) That would be a waste of resources, but no skin in the game may encourage a student to drop out. A college education boosts income over the graduate’s lifetime. Why shouldn’t students be asked to pay for college?
Biden’s plans on healthcare would mean an eventual transition over to completely government-run healthcare. Biden wants to lower Medicare eligibility to age 60 from age 65. This would add 20.6 million more people to Medicare over the next five years. Medicare spending represented about 17.4 percent ($775 billion) of federal outlays in FY 2019. Spending for this program is already projected to grow rapidly, from 18.9 percent ($1.16 trillion) of all federal spending in FY 2031 to 19.2 percent ($2.1 trillion) in FY 2050.
Another aspect of Biden’s healthcare plan is the expansion of the Affordable Care Act to create a “public option” and larger premium tax credits for health insurance. A “public option” means expanding Medicare to individuals who purchase coverage on the Healthcare Marketplace. The goal of a “public option” is to undercut health insurance companies because Medicare only reimburses healthcare providers for about 87 percent of services provided. Insurance companies won’t be able to compete. The end result will be an eventual government takeover of healthcare. Private health insurance companies will provide only supplemental coverage.
Ultimately, healthcare costs have been rising because of the increased presence of third-party payers, including government programs like Medicare and Medicaid. Government programs now represent a higher percentage of national health expenditures than private insurance. This has consistently been the case since 2008.
@Keith Johnson – Shelby GT500 freedomworks.org ok buddy proud boys standby
It will look like those before and after pictures for meth addicts.
Trump needs to be placed in a plastic bubble! He thinks catching this virus is a “Blessing From God!” 😱
He could be right , if he dies America lives
…well, she has a wicked humor sometimes 😜..🤧..😷
Trump is taking everyone down with him. Jump ship if you can.
42 percent of voters would hang on to a big pile of poop no matter how disgusting it is.
@ihave35cents But 5 deferments is Ok though right? Like Dear Leader got for Bone Spurs. Only then Trump called the military losers and suckers. So there’s that.
@ihave35cents
So neither of them served. Big deal.
ihave35cents did he have asthma or was it faked to avoid the draft?
@ihave35cents , you should do your research before commenting. Asthma was a real medical condition that would stop someone from serving. The military couldn’t take their chances on taking somebody to war that was going to put the troops on danger because of sudden breathing problems due to dust and ammo powder. Asthma is something you couldn’t hide during the military medical exam. Besides Joe didn’t have a daddy to pay a fake medical letter for bone spurs. Still, if you have asthma, you still can do sports. If you have bone spurs, you just can hardly walk. Where is the prove that the orange lump had any surgery to remove the spoors?
Trump doesn’t care if you think he’s corrupt, and incompetent and self-centered. He just wants you to think everyone else is just as bad, and that he’s the only one brave enough to tell it to you straight.
Remember “Greed is good”?
@Christine King Gordon Gecko.
Trump’s Chickens Come Home To Roost.
DJT can’t get out of his own way and other than a few GOP bigwigs they have all but given up trying to talk sense into him. Everything Tump touches DIES
TrUmP criminally INSANE. UNFIT FOR OFFICE.
Trump is less tech savvy than I am
He’s got twitter down pat but that’s about all. Zoom and anything is beyond him
I’m surprised he’s not still into black and white TV. But TV is his milieu.
Trump doesn’t want the presidency. He doesn’t care because he wants Out.
@ihave35cents add 5 more cents. TRUMP IS A LIFETIME RACIST. HE TELLS YOU EVERYDAY! FACT CHECK!
@ihave35cents Examples of Trump’s racism which I see you ignore. https://www.youtube.com/watch?v=xpyGDdYGaPc
The trolls are working overtime because they know their funding is coming to an end soon. Poor sad and lonely souls.
ihave35cents I know, it’s a medical deferment.
Most people just call trump for what he is a “ trust fund baby “
“ I ain’t no Senator’s son “
@Cheryl Millard kudos to you Ms.Millard for your personal growth and enlightenment which growth begets… I too am not the small minded, ignorant person I was years ago… Change can happen if we become mindful enough to want to change! Stay healthy and safe!!!
Trump: “Don’t even use the word smart with me”
Also Trump: cancels stimulus money 🤦♂️
#TrumpSUPPRESSIONofVOTERS is the REPUBLICAN PLAN.
fox news followers of trump, please, see the way.
Democrat and Republican parties are two sides of the same wooden nickel. I’ll be voting 3rd party as I always do. Jorgensen 2020
@My Dude So voting for Trump then. Got it. Who needs democracy?
I don’t like president’s who test positive for covid-19…. the man is gasping for air..
His insecurely and narcissism are getting worse. He is a dangerous to the world.
Well said. I’m European. We laugh at Trump’s stupidity but our hearts break for all decent Americans right now.
Voting is what will cause him to lose. Everyone needs to vote.
Lifeguard/football player Joe Biden got five draft deferments for asthma during Vietnam. Fact check it
@Ajile Branch Yea, fam, just like in 2016.
M B trump voters 30%, might be motivated but the rest of America is over it. Trump will loose big time he’s already loosing.
@maggie craigie You can keep telling yourself that until Nov 4th. Its exactly what you told yourselves in 2016, since you forgot.
*Here’s A Deeper Dive Into Biden’s Tax Hikes*
Aug 14, 2020 https://www.forbes.com/sites/kenrapoza/2020/08/14/heres-a-deeper-dive-into-bidens-tax-hikes/#212a15bb410a
*If Biden wins, say bye bye to the Russell 2000’s gains. The small and mid-cap firms that don’t have offshore headquarters or are manufacturing a lot of their widgets at home will be hardest hit. Multinationals can duck and cover, setting up headquarters in Ireland (or some such place) for tax purposes.*
If Biden wins, say bye bye to the Russell 2000’s gains. The small and mid-cap firms that don’t have offshore headquarters or are manufacturing a lot of their widgets at home will be hardest hit. Multinationals can duck and cover, setting up headquarters in Ireland (or some such place) for tax purposes.
“Biden’s tax policy means less entrepreneurial risk taking and slower growth,” says McCarthy. “Higher taxes, higher spending, and super easy money all add up to a weak dollar, which means its ambiguous for equity prices and good for emerging markets. He’s going to have massive spending programs, too. The whole cocktail is more bearish for the dollar than it really is bearish for equities.”
Don’t know about him being _his own_ worst enemy, COVID Donny has come out as _everybody’s_ worst enemy. He should be in isolation – clinical or psychiatric, doesn’t really matter anymore.
Trump don’t care, The only person he cares about is, Donald Trump.
https://youtu.be/hKLI-fE1DyA
doesn’t*
The only reason Trump wants to stay in office is so he can stay away from SDNY prosecutors.
“Don’t ever use the word smart with me.” – Donald
That won’t be a problem.
“the donald” THE ANTI-CHRIST
Lots of people I know think Trump is the antichrist.
Edith Carter
The first to say “Let’s make america great again!” :
RONALD 6
WILSON 6
REAGAN 6
“THE NUMBER OF A MAN”
AMERICA IS MYSTERY BABYLON
COLD WAR IS BACK!
💙💜❤ BIDEN 4 PRESIDENT 🇺🇸🇺🇸🇺🇸