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First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often.

Chuck Todd, NBC Political Director

Mark Murray, NBC Deputy Political Director

Domenico Montanaro, NBC News Political Reporter



More from Obama's press conference

Posted: Tuesday, June 10, 2008 1:51 PM by Mark Murray

From NBC/NJ's Athena Jones
ST. LOUIS, MO, -- In addition to playing down questions about vice presidential search committee member Jim Johnson, Obama said at his media avail here today that his campaign team was in discussions with McCain's regarding possible joint town halls and debates. McCain has challenged Obama to ten town halls.

"What we've said is we are happy to do more than the three typical presidential debates in the fall. If I'm not mistaken we've gone back with a, with a counterproposal to them and are in communication with them right now and our hope is is that we will have those negotiations completed soon," he said.

Obama guessed the two candidates would meet less than 10 times but more than three and would probably do so in a "mix of formats."

The Illinois senator also reflected on his winning the Democratic Party's nomination, something he said last week that he would spend the weekend doing. "I am extraordinarily proud of what my team did and I think am most -- most of all humbled and grateful to the American people for giving me this opportunity. Humbled because we've got a big job ahead of us, and it makes me want to redouble my efforts in delivering on the promises that have been made so far in the campaign," he said.

He also spent some time talking about the economy, saying he believes taxes should be as low as possible while still allowing for investment in "the basic infrastructure and human capital that are needed to make the economy grow" and he said that his talks with people like Warren Buffet had led him to believe the capital gains tax rate could be raised to  20% without any significant impact in terms of business investment.

He made a point of complimenting former President Bill Clinton twice, once regarding his COPS program that helped reduce crime rates in the 1990s and then for his stewardship of the economy. He that there had been no specific discussions with Hillary Clinton regarding her debt, although he noted their talk had been "very constructive."

"I was extraordinarily grateful to her for the strong endorsement that she provided on Saturday. Our teams are now working together to figure out how we move forward on a whole variety of fronts. We have not had detailed discussions about her debt, and ya know, I think that what she's really interested in, as she said on Saturday, is figuring out how are we going to move forward to make sure we win the White House."

Before the press conference, Obama spent about an hour and a half touring Barnes Jewish hospital's cardiothoracic unit with a nurse. (This was the same hospital Rudy Giuliani checked into in the fall after falling ill on the campaign trail.) When it came to his own health, Obama said he would release more medical records if there were specific questions people had and said guessed that it had been "months" since he had last smoked a cigarette.

Obama began with a response to McCain's attacks earlier today on the economy, arguing the Arizona senator had distorted his proposals. "The way that he's characterizing what I'm prescribing is just wrong. So let me be clear. My tax reform plan would cut taxes for 95% of workers. I'll repeat that. My tax plan will cut taxes for 95% of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and startups that are the backbone of our economy as opposed to John McCain's plan, which would tax these businesses."

He continued, "Now I've said that John McCain is running to serve out a third Bush term, but the truth is when it comes to taxes, that's not being fair to George Bush. Sen. McCain wants to add $300 billion more in tax breaks and loopholes for big corporations and the wealthiest Americans and he hasn't even explained how to pay for it. He hasn't come remotely close to figuring out how he would pay for it. In fact even the Wall Street Journal has pointed out that his proposal to eliminate earmarks won't come close to covering the cost of all the corporate tax cuts that he is proposing."

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Comments

LOL! Obama is learning quick --- dropping his staff like hot potato,disavow any links and counterattack like a rabid mutt.  Imagine how many in his staff are wolves in sheep skin that the public are not aware of.  If the public puts him in office, his pack will fleece America of what had Bush left behind... November will be an opportunity to waste if ever the majority are swayed to his hypocritical cause.
Again on the Johnson/Veepstakes issue, I feel that should definitively end this issue ...

But I have no doubt that J. McCain will use the media to propagate this issue and B. Obama will look like a bad guy.  No, I don't charge bias in the media like other-than-Obama campaigns do.  But it does disappoint me that the media is so eager and willing to essentially propagate campaign propaganda (for all the campaigns) on tangential/non-issues.  This cycle, the media seems more like a voice for campaign propaganda than any such honest broker (which I TRY to see it as).  For once, I wouldn't mind it if the media could scuttle what a campaign is physically saying and report what they mean.  Maybe then, our country would be better informed, rather than satiated with the news crap we apparently settle for.

Oh, and another thing ...
POUND sounds stupid, violent and I saw it in person, they didn't hit their knuckles hard such as pound implies.
The rest of the MidWest young world that I know calls it either a 'knuckle tap' or a 'fist bump'.
Hillary would be a better candidate than Jim Johnson!

** For discounts on Barack Obama products $8.99 & Up. Use this coupon at this Obama Store http://www.MyObamaStore.com
Coupon - Obama-X2Y9-10 (10% OFF)
I love Obama. Just report on him and everything he says and skip articles on McCain, because I'm not interested in McCain's smears, lies and general buffoonery. Obama is the real deal and I look forward to having him as a President I can be proud of, for a change.
John graduated Mclast from his naval academy. Now his brain is very old. The brain declines rapidly in old age. This is a fact that shouldn't be suppressed because we want to spare the elderly public's feelings. it is a fact.

Mccain is a blunt tack that wants to be President.
The dumb get dumber when they are old. Its a fact.

Shouldn't we have standards?
obama is toast if he tries to do town hall style meetings with McCain. Anytime he goes off script he ***ks up. Without a pro-obama moderator lobbing softballs- he's lost. Interesting how he seems to be trying to mend relations with Bill. It's gonna take alot more time for Bill (and Hillary's supporters) to forget how obama's campaign fueled the attempt to label Bill as a racist.
Brilliant, OMG!!! I haven't heard strong innovative ideas like that in..................at least 7 yrs.

Let's bring intelligence back into the WH, so all of us aren't perceived as idiots!!
WASHINGTON — Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline.

The Democratic energy package would have imposed a tax on any "unreasonable" profits of the five largest U.S. oil companies and given the federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.

"Americans are furious about what's going on," declared Sen. Byron Dorgan, D-N.D., and want Congress to do something about oil company profits and "an orgy of speculation" on oil markets.

But Republicans argued the Democratic proposal focusing on new oil industry taxes is not the answer to the country's energy problems.

"The American people are clamoring for relief at the pump," said Sen. Pete Domenici, R-N.M., but if taxes are increased on the oil companies "they will get exactly what they don't want. The bill will raise taxes, increase imports."

The Democrats failed, 51-43, to get the 60 votes needed to overcome a GOP filibuster and bring the energy package up for consideration.

Nice try on blaming a Congress "controlled" by Democrats for the current mess.  Anyone who has been paying attention knows that the Dems control the House, period. The Senate Republicans just demonstrated that fallacy today by blocking an energy package that would tax the excessive profits big oil companies are raking in while consumers are suffering. Only one way to turn this mess around, and that is to turn the Republicans out of both branches of Congress and the White House.
Obama barely won against a weak primary candidate, and got his clock cleaned in numerous primaries after people found out a little more about his background. The Republicans couldn't have hand-picked a better candidate to run against. They even put up a no-load like McCain just to prove they can win with one hand tied behind their back. Look for the Democrats to abandon their radical left leadership after November.
That's because just like a republican.. John McCain doesn't plan on paying for anything.. Just borrowing from China.  Thats what republicans do... they say they don't spend money, but they actually borrow it from other countries (e.g. China)  so it gives the appearance that they aren't spending money.  The only money they actually spend is for Military issues (e.g. IRAQ WAR)..
Why do you not print any of my posts?????????????? Because I support Obama??????? Well don't print anything then, I'm still voting for Obama
Obama is a coward.
He knows when he's not reading from a teleprompter he comes across terrible.

McLast in the Class
McMoldy is an Oldie
McSame cheated on his Dame
McMad is had.
McWar flipflops more.
McHate
McLiar has Alzeimer's
McOld is gonna get rolled.

Wasn't Johnson a big deal in the Clinton Administration?  My theory:  The threesome was put together before Hillary actually conceded on Saturday.  I think Johnson was added in case there was enormous pressure on Obama to have HRC as his VP--as a former insider, Johnson would be a good contributor to the vetting of Bill Clinton...
thus perhaps precluding any possibility of HRC as a running mate (which would be a very bad idea, I think).
Twenty years from now a lot of people that vote for McCain in 2008 will be telling lies.  Did you vote for the first black president daddy?  Were you glad President Obama ended the war in Iraq mommy?  Grandpa is it true that man McCain really went crazy in a debate with President Obama?
Hillary is not done with this VP thing, heck, she's even thinking there is more doodie out there that will knock Obama from the top spot. She's probably Wright. If this isn't true, why hasn't she released her delegates, hmmmmmmm? I'm certain Hillary is teaming up with Fox News to dig up more dirt on The Annointed One.
Let the games begin. McCain may be a  War Hero; yet in contrast Obama the constitutional law expert could be handicapped and still win the marathon.

His policies are not reinvigorating our economic and security relationships in our own hemisphere or the Middle East; not to mention the world. Old man can you see a 60.9 billion trade deficient?

Change is a fresh, new, face, for America, Barack Obama; and a tax plan will cut taxes for 95% of workers.
BoBoy (WI)


What are you talking about "dropping his staff like a hot potato"? 1) Sen Obama has not dropped anyone; 2) Mr. Johnson is not on his staff

Are you confused?   Because the rest of your post doesn't make any sense either.  Unless of course you meant to say McCain - then it makes sense.


Obama '08

Bobbi?

Youre still here?
Why would anyone want a president that is so old that they are so likely due to age to pass away, lose their marbles, forget where they are?
Senator Obama is on the right side of the issues.

No amount of fear mongering (higher taxes!), distraction (look at that guys mortgages!), or disinformation (he's an appeaser!) is gonna change the fact that John McCain doesn't have any new ideas, doesn't have a plan to get us out of Iraq, and is basically running as a status quo candidate for those who are afraid that the American people might actually seize control of OUR government from corrupt politicians and lobbyists.

Now THAT's change we can believe in - YES WE CAN!

Obama/Biden '08/'12

P.S. Senator Biden has been at the forefront of defending Senator Obama and the Democratic Party while many other VP candidates were either silent or the source of the attacks. Now THAT'S my kind of VP.
Obama will do just fine in a town hall style debate. McCain is the one who should be worried...he can barely remember what he says six hours ago, let alone last week. BTW, where's his minder, Joe Lieberman?

For those still considering McCain as an option for president, I just have one question, how do you like $17 BILLION of your hard earned TAX dollars being given away as SUBSIDIES to the BIG 5 oil companies? Talk about corporate welfare...their the biggest recepients of it!! This kind of irresponsible wasteful spending will only continue under MCCain, a third Bush term. Is it worth it?? $17 BILLION dollars that could be spent on universal healthcare, creating job training for the unemployed, investing in our schools and educating our children, fixing our crumbling infastructure. Do they really need a tax subsidy after the record profits the're making right now, and have been making for the last 3 years?
Don't feel bad Boopme. They never post any of my comments either unless they are asinine and without substance! I love Obama too and we in TN are going to turn a red state blue!
"Now I've said that John McCain is running to serve out a third Bush term, but the truth is when it comes to taxes, that's not being fair to George Bush."

Wow, total burn!
Townhall a McCain strength, ha! His best gaffes come from townhall meetings. Obama has done several townhall meetings and looks much more in his element than McCain.
The saying goes...Old Age and Treachery will overcome youth and skill. Prove this wrong, Barack OBAMA- I see you with the greatest attraction of them all... NO BAD HABITS!  
Delusional dims, amazing how he can promise all of you wealth and happiness. All those new green jobs and geez, youre qualified because no education or skills required. What an amzing man of change and hope. After 4 years you will be hoping for change. After every working taxpayer gets tired of paying for all of that change and hope , it will be a long time before the average american gets duped  by the liberal tax and spenders again. Well heck, most of you dont care cause its free.


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