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Obama signals he may allow rich to keep tax cuts, kill chance of climate bill

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Chastened Obama signals compromise on tax cuts, emissions controls — not on gays in military

A chastened President Barack Obama signaled a willingness to compromise with Republicans on tax cuts and energy policy Wednesday, one day after his party lost control of the House and suffered deep Senate losses in midterm elections.

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Obama ruefully called the Republican victories “a shellacking.”

At a White House news conference, the president said that when Congress returns, “my goal is to make sure we don’t have a huge spike in taxes for middle class families.” He made no mention of his campaign-long insistence that tax cuts be permitted to expire on upper-income families, a position he said would avoid swelling the deficit but put him in conflict with Republicans.

He also virtually abandoned his legislation — hopelessly stalled in the Senate — featuring economic incentives to reduce carbon emissions from power plants, vehicles and other sources.

“I’m going to be looking for other means of addressing this problem,” he said. “Cap and trade was just one way of skinning the cat,” he said, strongly implying there will be others.

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In the campaign, Republicans slammed the bill as a “national energy tax” and jobs killer, and numerous Democrats sought to emphasize their opposition to the measure during their own re-election races.

The president opened his post-election news conference by saying voters who felt frustrated by the sluggish pace of economic recovery had dictated the Republican takeover in the House.

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Asked to reflect on the returns, he said, “I feel bad,” adding that many Democrats who went down to defeat had done so knowing they risked their careers to support his agenda of economic stimulus legislation and a landmark health care bill.

The president said he was eager to sit down with the leaders of both political parties “and figure out how we can move forward together.”

“It won’t be easy,” he said, noting the two parties differ profoundly in some key areas.

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One controversial issue, the president said he saw a possibility that Congress might agree to overturn the military’s ban on openly gay service members when lawmakers return to the Capitol for a post-election session later this month.

The election was a humbling episode for the once-high-flying president, and the change showed during his news conference. Largely absent were his smiles and buoyant demeanor, replaced by somberness and an acknowledgment that his policies may have alienated some Americans.

“I think people started looking at all this, and it felt as if government was getting much more intrusive into people’s lives than they were accustomed to,” he conceded. But he wasn’t talking surrender either.

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He sought to tread a careful line, suggesting he would cooperate with Republicans where it was possible and confront them when it was not.

“No one party will be able to dictate where we go from here,” he said, a clear warning to Republicans that he won’t simply bow to their demands for a sharply conservative switch in economic policy.

With his comments, Obama largely followed the lead of Republican leaders who said earlier in the day they were willing to compromise — within limits.

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With unemployment at 9.6 percent, both the president and the Republicans will be under pressure to compromise. Yet neither must lose faith with core supporters — the Republicans with the tea party activists who helped them win power, Obama with the voters whose support he will need in 2012.

The president said the economy had begun a recovery since he took office but Americans became wary when they saw government bailouts of failing banks and two of the Big Three U.S. automakers.

Many Republicans campaigned by calling for repeal of the health care legislation Obama won from Congress, but the president said repeal was a nonstarter.

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“If Republicans have some ideas” for cutting costs of health care or making other changes in the bill, he said he would be glad to take a look.

“There are going to be some examples of where we can tweak and make progress,” he said. “But I don’t think if you ask the American people, `should we stop trying to close the doughnut hole that helps seniors get prescription drugs, should we go back to where people with pre-existing conditions can’t get health insurance’ … I don’t think you’d have a strong vote from people saying, `Those are provisions I want to eliminate.'”

Famously unemotional in public, Obama was asked whether he needs to change his leadership style, and he responded: “When you’re in this place, it is hard not to seem removed.”

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He said he needs to do more “to ensure I’m getting out of here.” He also pointed out that “a couple of great communicators” — Reagan and Clinton — also stood at the podium two years into their presidencies “getting very similar questions.”

Actually, Clinton’s electoral comeuppance was worse. Republicans won both the House and Senate at his first midterm, but he recovered to win re-election two years later.

Republicans lost seats in Congress at Reagan’s first midterm election in 1982 but never had a House majority to lose, and kept control of the Senate for four more years.

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Source: AP News

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Trump goes berserk on Twitter as he lashes out at his own Fed chair and then attacks ‘selfish’ Democrats

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President Donald Trump just declared war on the man he personally picked to head the Federal Reserve. The President is furious that one in three economists are predicting recession by the end of the year, and many believe the U.S. will plunge into a recession within the next 6 to 12 months.

At the top of the list of causes for the Trump recession is the president’s trade war with China, which he said a year ago was easy to win.

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!

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Humanitarian volunteer says he won’t be deterred after facing charges in Arizona for helping migrants

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We broadcast live from Tucson, Arizona, where the government recently put humanitarian activist Scott Warren on trial amid the ongoing policing of the U.S.-Mexico border, separation of families, and cruel and inhumane conditions at immigrant jails across the country. Warren, a longtime volunteer with the humanitarian aid group No More Deaths, was charged with three felony counts for his alleged crime of providing food, water and shelter to migrants in Ajo, Arizona. The immigrants had arrived at the doorstep of a humanitarian shelter after a perilous journey across the Sonoran Desert. At the same time, he and other volunteers also faced separate misdemeanor charges for leaving water jugs and food for migrants on a national wildlife refuge in the remote desert. The trial took eight days, and after hours of deliberation, the jury returned without a verdict. Eight found Scott Warren not guilty; the remaining four said he was. The government will now retry Warren in November. If convicted, he faces up to 10 years in prison. As he awaits his next trial, Scott Warren met us in the remote town of Ajo, Arizona, this weekend for his first trip in a year to leave water and food for migrants in the desert.

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Trump tweets out bonkers conspiracy theory that Google ‘manipulated’ up to 16 million votes for Hillary Clinton

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President Donald Trump on Monday tweeted out a bonkers conspiracy theory claiming that Google "manipulated" up to 16 million votes on behalf of former Democratic rival during the 2016 presidential election.

"Wow, Report Just Out!" the president wrote. "Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought!"

Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought! @JudicialWatch

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