“Seeking to rally his struggling party for the final weeks of the midterm election, President Obama delivered his most partisan speech of the campaign so far on Wednesday, casting Democrats as fighters for the middle class and Republicans as protectors of ‘millionaires and billionaires’ and special interests,” the New York Times writes. “Mr. Obama called for letting the Bush-era tax cuts for the wealthy expire but making the rate cuts for the middle class permanent. And he suggested Republicans would hold “hostage” the extension of the middle-class rates to get the top rates extended as well.”
The Boston Globe’s take: "President Obama, whose party is facing a potential midterm disaster under relentless Republican assaults on his economic record, launched an ambitious effort yesterday to cast Democrats as populists who want to end tax breaks for the wealthiest Americans but save them for the middle class."
The Washington Post: “But Obama's proposal for $180 billion in fresh infrastructure spending and business tax breaks is not satisfying many of the groups he needs on his side - not lawmakers on Capital Hill who are leery of raising the deficit by spending more, not economists who say the plan is too modest to create many jobs, and not business groups that say the tax benefits come with too many strings attached.”
"The expected departure of chief of staff Rahm Emanuel to run for mayor of Chicago is likely to mark the beginning of a wider White House shake-up, officials said yesterday, one aimed at helping the administration regain its footing in the aftermath of expected Democratic losses in the midterm elections and positioning President Obama for a 2012 reelection fight," the Boston Globe notes.
Politico says that Rahm isn’t a shoo-in, if he runs. “Rahm Emanuel's a pretty powerful guy in Washington, but not as much here in his hometown, where he'd start a mayoral bid as just one of many credible candidates for the job -- one whose obvious strengths as a national Democratic rainmaker are tempered by an uncommon knack for alienating allies.”