New Fiscal Sheriff In Town
Obama’s tax policy is finally revealed:
President Obama and the new Democratic Congress face unprecedented fiscal policy challenges. First, they must endeavor to restore public confidence and return our economy to a period of growth. Here one can only hope that any new economic stimulus is well-targeted and genuinely temporary. Extending unemployment coverage and benefits should take priority. (And we should modernize our archaic system for funding unemployment insurance.)When we emerge from the current recession, the president must tackle more fundamental issues. We need to put our fiscal house in order, restructure tax policy toward healthcare and health insurance, and shift away from tax expenditures as our principal policy instrument for financing higher education, implementing energy policy, addressing long-term care needs and the like.
“Ronald Reagan will raise your taxes, and so will I.”
Mwahahahahahahaha.
Tax Policy in the Obama-Biden Administration [Tax Prof Blog]




Comments
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FIIRRRST
FIIRRRST
Can someone direct me to a blog that discusses up to date stories on associate life at Biglaw?
Boycott ATTTL Friday Nov 12!
FIIRRRST
Elie Mystal blows.
Again, ATL sinks to new partisan lows. WSJ Law Blog to 190!
LAT, FIRE THIS OBESE, TALENTLESS CLOWN ALREADY.
Patrick Ewing says, "Lay off my husband, Obama, you jive ass turkeys!"
@ 9 -
Grow up.
Just deleted ATL from my bookmarks.
3,
If you build it, they will come.
People will come, Ray. They most definitely will come.
Sincerely,
James Earl Jones playing the part of Terrence Mann (playing the part of J.D. Salinger)
Patrick Ewing says, "Lay off my husband, Obama, you jive ass turkeys!"
__________________
This is very disrespectful.
Really Elie? You are just gloating at this point.
I am joining the boycott on Friday. You suck Elie, I hope they can you and you can collect the newly revamped unemployment benefits.
Boycott, Friday November 7.
The Friday idea is to simply not check ATL for the day. if anything interesting happens, we can check another site or check ATL on Saturday. It's just one day, and it might get Lat's attention if revenue has a sharp decline. So Friday, November 7, just don't check the site. This is really a place for all of us to comment and look at interesting information about the legal world, so a permanent boycott makes no sense because we would only be punishing ourselves.
i'm nervous about being white
-nervous T-10 1L
I'm joining the boycott too.
ATTENTION READERS: There will be a BOYCOTT of ATL on Friday, November 7th, to protest the declining standards of this blog, particularly in terms of substantive relevance and proofing errors.
Let your voice be heard! Stay away from ATL this Friday!
Patrick Ewing don't appreciate being compared with Michelle Barama.
JT
Whaa, whaa....
JT - Does not like being compared to a human being.
Elie,
Your photo of President Barrack Obama is very unprofessional. How about using a more dignified photo.
I can't believe we elected a smoker to be president. Will I be paying his health care bills under the new Marxist regime?
11:25=TITCR.
how will obama tax my 30k this summer?
*uses hope to achieve a 1l sa position...hey it worked for obama*
-nervous T-10 1L
email job leads to nervoust101l@yahoo.com
Sadly, ATL, I was defending you up until today, since there was still a mix of law firm news. I was fine with last night and this morning, because you have to be relevant.
But tthis post isn't remotely relevant. Yes, tax prof blog talks about it, but it's a TAX blog.
Start talking about relevant stuff. I voted Obama, but I want my ATL back.
You say Obama's tax policy is "finally revealed" and then you quote some musings on another blog written by a Yale law professor unrelated to the Obama campaign. You also neglect the rest of his quote, which advocates for free trade, lower corporate tax rates, and a consumption tax.
You then follow up with a Mondale quote non-sequitur about raising taxes.
Real insightful investigative journalism here. Is this what you've been diligently working on for the past two hours, Elie?
I like B.O. and Joe, but am I the only one who finds the "obama-biden" administration to eerily resemble "osama bin laden"?
I think it's funny that Elie gets the best of you retards every time he posts.
You are all cheap dates!
Boycotts are for dumbass Communists who don't realize they're Communists.
I won't be visiting ATL this Friday, but it's because I will be too busy banging Tyra Banks down at the beach estate in Naples.
-3T
Ghandi did it, he was a pacifist. Are you doing Tyra with or without her wig on btw?
Dealbreaker is so classy:
http://dealbreaker.com/2008/11/opening-bell-110508.php
When will ATL get class?
It is 11:30 and this is all you have posted? Are you kidding? WTF do they pay you for?
This is the crap we have been waiting all morning for?
29--you are correct--he is winning and I am sure he doesn't think the Friday boycott thing is real. The only way to truly get his attention is to stay away from ATL on Friday. I will check law.com and wsj law blog for anything that is relevant to my profession.
What a post. This is amazing Elsie. Wen Barack Friday comes no one will be watching ATTTTTTTTTL
Michell Obama has humongous chompers that could probably bite the head off of a small child.
Damn dem chompers is big!
Boycott ATL this Friday. This is horrible and a message should be sent.
Ugh, Nervous 1L go away at least until you get your first semester grades.
What is the point of this posTTT? It's not about the law and there's no witty commentary... if I want political blather, I'll go read Daily Kos. We don't expect bonus or layoff news there; why should we get political stuff here?
i'm nervous about the way my black con law professor has been staring at me lately
*uses notebook computer to hide from intense nubian gaze*
-nervous T-10 1L
email job leads to nervoust101l@yahoo.com
The people who bitch and moan til they get gov't handouts and gov't healthcare are a cancer. We should cut off all that shit and just let them die out.
Aight, ATL is off my list of blogs to read.
I actually spend more time reading the archives now
42: somehow I reckon you'd be among them as wall street crumbles without bail out.
35- You're such a fighter. Amazing spirit you have. Your firm is lucky to have you.
29
27: My thoughts exactly.
Elie: Thanks for the 3 lines you added to someone elses work. You managed to be misleading at an unprecedented level of laziness.
Question: why do people refer to Obama as America's first BLACK president?
He's HALF black and he was raised almost exclusively by white people.
By my math that makes him well over 50% white.
Anyone else agree?
48/11:53 here.
I would really appreciate it if a black person could explain this to me.
TYIA.
For fucks sake. I am liberal. I support Obama. I am happy he won.
BUT JESUS CHRIST - Enough with the Obama stories and pictures. Three in a row of Obama looking back at me. Can you at least follow up on some legal stories.
Dechert folks have left the building, 10 gone at Kilpatrick Stockton, Skadden in DC having informal meetings to improve morale, PoGo in Charlotte looks like closing, incoming first years at 2 large New York firms being asked to defer for a few months, Latham planning on terminating any who fail bar at first attempt, etc.
This is a legal blog, and while 1 or 2 Obama stories MIXED IN with other legal stories would be acceptable, this is a joke.
Can you get off your fat ass and do some investogation and follow up, or do you just wait for Bloomberg, WSJ and Law.com to post it first. Reading that post yesterday about law firm layoffs was depressing, as it focused on what ATL sued to be, and how good it once was at shaming firms. You wouldn't even have gotten the Dechert story if we hadn't pressed you on it so much.
thank you 50
34m you are the crap you have been waiting for.
48, I agree, but I think it's partly b/c Obama views himself as "black" - i.e., his own personal identity. plus, when you look at him, you think "black" - and blacks are proud of that fact so they put emphasis on the concept of a "black" president, even if slightly dramatized.
- not black
Hey, we're in the middle of a war and he's our soon-to-be C-in-C. Show some respect, dammit. Or do you want America to lose?
Why do you hate America, Elie? Why, Elie, why?
There is no question about Michelle Obama's ethnicity however.
Chompy Chompers
i'm so scared of the coming marxist regime. i long for the good old free markettt days when we used to partially nationalize our banking system. but i seriously long for the days when atl was a must-read for any big firm associate/law student.
Elie--Can't you see that your readers are serious about the direction you have taken this blog. Why don't you respond to the criticism? Tell us what your plans are. If we get what we are looking for we will bestow you with praise rather than ridicule. Be a man!
45 - if we cut off all the deadbeats just think how much we could reduce taxes
Mystal, I've never joined in the idiot chorus of haters and trolls, but your immaturity has reached soaring new heights with this post. Are you really using this blog to rebuke the voters? Do you really think you have "revealed" Obama's tax policy? Do you think you are funny to recycle that age-old photo?
Mystal, you're a putz.
This blog sucks lately. I was absent for a few months, so clearly I missed the transition from LAT to this Elie clown ... what gives? Is LAT on sabbatical?
Imagine how Obama would have fared in 50's Alabama.
That's your answer about whether he can be considered more black or white in America
i'm nervous about the way my black con law professor has been staring at me lately
*uses notebook computer to hide from intense nubian gaze*
-nervous T-10 1L
email job leads to nervoust101l@yahoo.com
Not on sabbatical. Just leaving the family business to Fredo.
Note from management:
All you November 12 protesters will have you IPs banned!
Signed,
Management
Elie, saying "Mwahahahahahahaha" in your post is undignified. Please be more like Lat.
I think the quote is, "Mr. Reagan will raise your taxes, and so will I."
I'm not too liberal to say this post sucked.
Throw ~ the Mystal ~ down the well.
Throw ~ the Mystal ~ down the well.
ATL will be then be better,
And then we will have big party.
2nd verse same as the first.
"If you build it Elie will come" Pizza man
Putting it generously, there are 3 law firm related stories on the first page of ATL. Two were posted by Kash and one by Lat.
-3
I join the chorus. If I want to go read about how great it is that Obama won, I'll go read some wacko left-wing site that is dedicated to discussing wacko left-wing policies. But I come here to read about legal things. The legal market. Salaries. Crazy summer associates. Whatever. But when I take a billing break to go read something entertaining, I am not entertained by yet another post about the historic/transformational/monumental/WHATEVER Obama election. I get it. You voted for him. Congratulations. I don't care. Just say something INTERESTING for a change.
i'm nervous about the way my black con law professor has been staring at me lately
*uses notebook computer to hide from intense nubian gaze*
-nervous T-10 1L
email job leads to nervoust101l@yahoo.com
The really crazy thing is, there actually ARE legal stories. Dechert, KS, PoGo. Also, the business of law forms, the great thing about Dealbreaker is the follow all aspects, and get all the info. Why nothing similar here.
I won't refresh or check this blog on Friday. Probably won't do it after that either. Oh, and censoring people who call for a boycott is so petty as to be beneath you Elie.
obama's tax policy pretty much makes it a terrible idea for 2 young biglaw attorneys to get married....
and if they dare to have a kid -- then they are really screwed.
he neglects the fact that lots of us who make $$$ make that large amt b/c [1] we worked our butts off to get there, [2] incurred lots of educational debt along the way, and [3] are pretty much required to live in major cities along the way.
so, most of us will be middle class out of law school and we will be taxed as if we were wealthy.
any t-10 law student who voted for him is officially TTT and need to go back to cooley where they belong.
It is now past noon and there has not been a single post genuinely related to legal practice. Elie, you are a horrible editor.
ATL needs a competitor blog.
Maybe some of the recently laid off associates could start an ATL competitor. I would visit it.
74: I strongly suggest you learn more about marginal tax rates. It's your income over those thresholds that will be subject to pre-Bush tax cut rates. Not the whole amount.
78 - so what...it is still money out of his pocket going to some worthless d-bag welfare queen...does it matter that it is "only" on the last X amt. of income
I'm joining the November 7th boycott.
76 -please start it!! we will come :)
nervous t-10 1L......i emailed u a job opp...please respond
76 -please start it!! we will come :)
nervous t-10 1L......i emailed u a job opp...please respond
I WAS BANNED FROM ATL.
I couple of months ago, I was banned from posting comments on ATL because I made logical, rational anti-Obama comments.. I am posting from a different IP now, and I am sure this one will be banned too.
ATL is a facist, far left wing blog that censors comments and posters who have an opposing view.
Join me in leaving this piece of shit site forever.
HTH.
This blog has become atrocious. Take a look at DealBreaker: numerous interesting posts per day, witty commentary and you usually learn something. Why can't ATL be more like them? I will be joining the boycott on Friday.
Thank you 59 and 83
We shall overcome.
JOIN THE FRIDAY BOYCOTTT
Let's boycott on Friday.
It will make Patrick Ewing even prouder of her country.
83: Bullshit.
If I wanted a high school newspaper’s reaction to the election and political news generally, I’d have picked up a copy of the Stuyvesant Spectator. Hopefully the Friday boycott will remind Elie that he's not a national correspondent for the New York Times.
.
Patrick Ewing to POTUS wife!
Hoooray, lips and nostrils!
I have to agree with the critics.
Election stuff on election day - fine.
Legal aspects of election day after - also fine.
Policy analysis of how election will affect your readers - fine.
This? Not fine. Not at all.
What need you, being come to sense,
But voting in a greasy till
And add the halfpence to the pence
And work out how your tax will rise, until
You have dried the marrow from the bone;
For men were born to tax and save;
Racist America's dead and gone,
It's with Jesse Helms in the grave.
Yes they were of a different kind,
The names that stilled your childish play,
They have gone about the USA like wind,
But little time had they to pray
For whom the hangman's rope was spun,
And what, God help us, could they save?
Racist America's dead and gone,
It's with Jesse Helms in the grave.
Was it for this that Jesse Jackson spread
The black rhetoric upon every tide;
For this that all that blood was shed,
For this that MLK died,
And Robert Kennedy and other tones,
All that delirium of the brave?
Racist America's dead and gone,
It's with Jesse Helms in the grave.
Yet could we turn the years again,
And call those martyrs as they win
In all their loneliness and pain,
You'd cry `Some woman's yellow skin
Has maddened every mother's son':
They weighed so lightly what they gave.
But let them be, they're dead and gone,
They're with Jesse Helms in the grave.
libs are crazy and scare me. Why are they so angry and immature?
I hate welfare
Fire Elie
BREAKING NEWS: Editor Layoffs at ATL!
BREAKING NEWS: Editor Layoffs at ATL!
we talkin bout TAXES... not race, not layoffs... TAXES
-Allen Iverson
I wonder if Michelle Obama is as good in the sack as she is on the basketball court for the NY Knicks.
48- Per white people rules of the past, if you are 1% black and 99% white, you are black.
A tear rolls down Lat's cheek every time one of you ATL addicts vows to never visit the site again.
Ellie,
What was the purpose of this posting? Why did you choose that picture? I seriously question your judgment and am surprised that ATL has not terminated your employment.
Another one here for the boycott. Elie is a freakin' @$$ clown.
If anyone seriously thinks that Elie's Obama-will-raise-your-taxes posts are supposed to indicate ***support*** for Obama, you're really just too stupid to vote, much less practice law.
Elie hates America--he proves it everytime he posts anything critical of our C-in-C to be during this time of war and deep national crisis. Elie--why do you hate our troops?
Nothing about Prop 8 passing?
This blog sucks.