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May 9th, 2011
06:00 PM ET

Is a presidential run already over for Trump?

FROM CNN's Jack Cafferty:

The morning after his TV show "Celebrity Apprentice" was interrupted by the breaking news that Osama bin Laden had been killed, Donald Trump released a statement congratulating President Obama and calling for an end to party politics for "the next several days."

He has been uncharacteristically quiet since, especially for a guy who spent weeks adding fuel to the “birther” controversy, badgering the president on a number of issues and tiptoeing around talk of his own presidential run in 2012.

Chances are Trump has been quiet, in part, because he is still smarting from the White House Correspondents' dinner two Saturdays ago. President Obama and the evening's emcee, "Saturday Night Live's" Seth Myers, separately skewered Trump at the gala event with a series of jokes on everything from his lack of political experience to his hair. It was a world class beatdown, and by the look on his face - Trump was there– he didn't take the jokes very well. But luckily for him, the news on bin Laden limited that embarrassment quickly.

Last week Trump announced he was pulling out of an appearance to drive the Indianapolis 500 pace car at the upcoming race on May 29th. Trump said it wouldn't be appropriate for the spotlight to be on him during the race's 100th anniversary if he had a possible presidential run on his mind. It may be the first time in recorded history that Donald Trump declined the spotlight.

Then there's this: According to a CNN Opinion Research poll, 57 percent of Americans say Trump is tough enough to handle a crisis in this country and 51 percent say he can get the economy back on its feet. But only 37 percent say Trump can manage the government. And only about one-third says he's honest and trustworthy. These poll numbers are as dismal as his chances of being elected.

Here’s my question to you: Is a presidential run already over for Donald Trump?

Interested to know which ones made it on air?

FULL POST


Filed under: 2012 Election • Donald Trump • Election Process • Elections
May 9th, 2011
05:00 PM ET

Should raising taxes be more of a priority than cutting spending?

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(PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

Americans are paying the smallest share of their income in taxes since 1958 - about 23.6% - according to new analysis from USA Today.

During the 70's, 80's and 90's, Americans spent about 27% of their income on taxes. If we were paying that rate now, $500 billion in additional taxes would be collected each year. Yes, $500 billion. That's about one-third of this year's federal deficit.

Now, conservative groups are quick to point out that this fall in tax revenue is due to a weak economy and not just lower tax rates or tax breaks. Deficit reduction advocates disagree. Either way, you gotta wonder what this country could do with an extra $500 billion dollars right about now.

This report comes as President Obama plans to meet with Democrats and Republicans separately over the next few weeks to talk about reducing the deficit. Senate Democrats will go to the White House on Wednesday, followed by Senate Republicans Thursday. House Democrats and Republicans will come in the "next few weeks."

Back in December, a deficit reduction committee created by the president recommended cutting spending and eliminating tax breaks to trim nearly $4 trillion from the deficit over the next decade. So far those recommendations have been largely ignored. President Obama came out with his own plan last month that calls for $2 in spending cuts for every $1 in tax increases.

Republican Congressman Paul Ryan has his own 10-year, $4.4 trillion plan that calls for spending cuts and the overhaul of Medicare but doesn't mention raising taxes. We're still waiting for a third deficit reduction plan from the so-called Gang of Six a bi-partisan group of six senators - we're still not sure what that will look like.

Here’s my question to you: Should raising taxes be more of a priority than cutting spending?

Interested to know which ones made it on air?

FULL POST


Filed under: Congress • President Barack Obama • Spending • Taxes