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...supports a stand-alone consumer agency, and he devised the plan to impose taxes on liabilities of the biggest banks, not only to recoup the bailout money but to discourage excessive risk-taking and excessive size. He just happens to be allergic to populism, and Obama political adviser David Axelrod wants to strike a much more populist are-you-with-us-or-the-banks tone in 2010. Axelrod and Obama aide Valerie Jarrett met at the White House on Wednesday with Harvard law professor and TARP watchdog Elizabeth Warren, the mother of the stand-alone consumer-agency proposal...

Author: /time Magazine | Title: Can Obama Profit from a Wall Street Crackdown? | 1/22/2010 | See Source »

...recriminations began even before the Massachusetts polls closed. White House press secretary Robert Gibbs said Obama - who had traveled to Massachusetts in the final weekend of the race in an effort to rescue Coakley - had been "surprised and frustrated" by the turn the race had taken. And David Axelrod, the President's chief political strategist, told the Baltimore Sun, "The White House did everything we were asked to do. I think if we had been asked earlier, we would have responded earlier." But the Coakley campaign, in a memo leaked to Politico.com, blamed "the failure of national Democrats to support...

Author: /time Magazine | Title: Does Brown's Senate Win Mean the End of Health Reform? | 1/20/2010 | See Source »

...David Axelrod, Obama's top political adviser, explained the overarching Democratic campaign message during a recent interview with the National Journal. "[If] they want to stand with the insurance industry on health care and protect the status quo, then let them defend that in an election," he said. "If they want to stand with the banks and the financial industries and protect the status quo, then let them explain that in an election." (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: Taking on the Banks: Obama's New Populist Pitch | 1/15/2010 | See Source »

...polls. During a recent meeting with reporters, Press Secretary Robert Gibbs compared the President's daily approval ratings to a heart monitor, saying, "I don't put a lot of stake in, never have, in the EKG that is the daily Gallup trend." By contrast, senior aide David Axelrod often mentions poll numbers, on everything from the rising international reputation of the United States to the resilience of Obama's personal likability numbers. "Every poll I've seen suggests that even among those who don't support necessarily his policies, there is a warm feeling," said Axelrod, in a recent...

Author: /time Magazine | Title: Why Obama Has to Worry About Polls | 12/22/2009 | See Source »

...remain on the table," Dmitri Medvedev, the Russian President said, stopping short of defining those steps. Obama's advisers are, for the moment, focused less on final resolutions and more on the long-term potential for renewed dialogue. "These are things that will pay off over time," said David Axelrod, one of the President's top aides who traveled to Asia. In other words, this trip was merely Obama's opening bow. Now the real show must begin...

Author: /time Magazine | Title: Obama's Asia Trip: The Deference Debate | 11/19/2009 | See Source »

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