"I don't think Obama should have this tone that if he rolls on his back Congress will rub his belly"

[Better Believe It]

POLITICO MORNING MONEY
By BEN WHITE
January 25, 2011

MORNING MONEY MINUTE: SOTU EDITION – We spoke with Steve Massocca, co-CEO of Pacific Growth Equities in San Francisco, about the strong market rally yesterday heading into tonight’s State of the Union: “Clearly the market has been reacting in part to what has been coming out about the speech, especially lowering corporate tax rates and reducing the deficit. … seems to be coming around on some of these issues. … And I’m not sure it was just the midterms. I think Clinton’s visit to the Oval Office had an impact. I think Clinton probably sat him down and said, ‘You are going to be looking for a new place to live in two years if you don’t change your approach to business and job creation.’ So I think gotten religion on some of these things and the market is happy to see it.”

INVESTORS APPROVE – Bloomberg’s Mike Dorning and John McCormick: “Obama is gaining popularity among investors as he pivots to promoting U.S. global competitiveness. … Fifty-three percent of investors now view him favorably, up from 49 percent in November, reversing a yearlong deterioration in perceptions of the U.S. president, according to a quarterly poll of 1,000 Bloomberg customers who are investors.” http://bloom.bg/fKZAVT

LIBERALS LAMENT – POLITICO’s Meredith Shiner and Maggie Haberman: “The liberal wing of his party isn’t quite seeing the light. As the president touts spending austerity, deficit reduction and extension of the Bush-era tax cuts, some Democrats worry Obama will pivot too hard away from the party’s core principles. … ‘I don’t think he should have this tone that if he rolls on his back the new Congress is going to rub his belly. A lot of these guys coming to town campaigned against everything this president wants to achieve,’ Rep. Anthony Weiner (D-N.Y.) said” http://bit.ly/iiOBOR

http://www.politico.com/morningmoney/

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1. GE paid under four % -- lowering corporate taxes? oy. nt