- President Obama held his first media Q&A session on Wednesday, during which, he outlined a policy agenda for the beginning of his second term. He said that a proposal for comprehensive immigration reform would be the first item on the table after inauguration day. Obama said he was “very confident” he could pass a bill early in his second term. “We need to seize the moment.” He also took the opportunity to reiterate that he would veto any compromise on the ‘fiscal cliff’ that did not raise taxes on those making $250,000/year or more. Obama hinted at the possibility of compromise, emphasizing that if all the Bush-era tax cuts expired, it would be a “bad thing” that was “not necessary.”
- President Obama met with Congressional leaders today for discussions on reaching agreement to avoid the Fiscal Cliff. Following the hour-long meeting, Senate Majority Leader Harry Reid (D-Nev.), House Minority Leader Nancy Pelosi (D-Calif.), Senate Republican Leader Mitch McConnell, House Speaker John Boehner appeared together, a rare occurrence, and pledged cooperation. McConnell said Republicans “are willing to put revenue on the table,” while the Democrats said they recognized the need to curb spending. It’s likely that the two sides will forge a temporary agreement before December 31 to avoid fiscal contraction, but the agreement could provide a framework for a longer-term overhaul to major programs such as Medicare, as well as major tax code reform.
- Romney Explains Loss to Donors: Romney said Obama used the “old playbook” of directing specific official policies to “especially the African-American community, the Hispanic community and young people.” Several Republicans, especially those with an eye on 2016 including Louisiana Gov. Bobby Jindal and Wisconsin Gov. Scott Walker, quickly denounced the remarks. “We have got to stop dividing American voters,” Jindal said. “I absolutely reject that notion, that description. … We’re fighting for 100 percent of the vote.”
- How did the Obama campaign approach the task of ad-buying in an election season with record spending? In the vein of sabermetricians in Major League Baseball, the Obama campaign bought airtime when they would receive the most ‘bang for their buck.’ That is, when they would reach most of the right kind of voters for the smallest price tag. This meant buying airtime outside of expensive primetime programming, and into daytime TV and stations like the Food Network, Hallmark, and Family channel.
- Gay voters appear to have been crucial to President Obama’s reelection. According to analysis of exit polls by Michael Cohen at Five Thirty Eight, five percent of voters claimed to be gay, lesbian or bisexual. Among those voters, 76 percent voted for Obama. Meanwhile, Libertarian candidates appeared to play a spoiler role for Republicans in at least nine close state-level races.
“I discovered that being a President is like riding a tiger. A man has to keep on riding or be swallowed.” Harry S. Truman