October 22, 2014 | Updated at 01:44 AM EDT The Latest Entertainment & Celebrity News

Obama, First Press Conference: Talks Fiscal Cliff, Petraeus & Defends Susan Rice (VIDEO)

President Obama answered questions from the press Wednesday for the first time since his re-election on Nov. 6.

By Nancy Asiamah, EnStars on Nov 15, 2012 10:18 AM EST
facebook tweet this pin it plus
Sign Up for Newsletter
  • Obama
  • U.S. President Obama gestures during a news conference at the White House in Washington (Photo : Reuters)

President Obama answered questions from the press Wednesday for the first time since his re-election on Nov. 6.

The three topics that dominated the press conference were the looming fiscal cliff, Ambassador Susan Rice and the scandal involving generals David Petraeus and John Allen.

The president said it does not make sense for taxes to be raised now, even if Congress fails to act by Jan. 1. 

"Our economy can't afford that right now," Obama said. "Certainly no middle-class family can afford that right now. And nobody in either party says that they want it to happen."

President Obama added that another option will be to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. Meaning every American, including the wealthiest Americans, get a tax cut. It also means that 98 percent of all Americans and 97 percent of all small businesses won't see their taxes go up a single dime.

The press questioned President Obama on his promise to end the Bush-era tax cuts this year, a promise he failed to keep two years ago.

"Two years ago the economy was in a different situation," the president said. "We were still very much in the early parts of recovering from the worst economic crisis since the Great Depression.

"And ultimately, we came together, not only to extend the Bush tax cuts, but also a wide range of policies that were going to be good for the economy at the point -- unemployment insurance extensions, payroll tax extension -- all of which made a difference," he added. "[That] is a part of the reason why what we've seen now is 32 consecutive months of job growth, and over 5 1/2 million jobs created, and the unemployment rate coming down."

The downfall of two of the nation's top generals have captured the public's attention, but the president said he has no evidence that classified information was disclosed in any way that would have a negative impact on national security.

"General Petraeus had an extraordinary career," Obama said. "He served this country with great distinction in Iraq, in Afghanistan and as head of the CIA. We are safer because of the work that Dave Petraeus has done. 

"My main hope right now is -- is that he and his family are able to move on and that this ends up being a single side note on what has otherwise been an extraordinary career," he added. 

Senators John McCain and Lindsey Graham both said Wednesday that they want to have Watergate-style hearings on the attack on the U.S. consulate in Benghazi and that they will do everything to block the nomination of Susan Rice to be secretary of state. However, Obama saw differently. 

"For them to go after the U.N. ambassador, who had nothing to do with Benghazi and was simply making a presentation based on intelligence that she had received and to besmirch her reputation is outrageous," Obama said.

"But when they go after the U.N. ambassador, apparently because they think she's an easy target, then they've got a problem with me. And should I choose -- if I think that she would be the best person to serve America in the capacity -- the State Department, then I will nominate her. That's not a determination that I've made yet."


© 2014 Enstarz, All rights reserved. Do not reproduce without permission.

facebook tweet this pin it plus
Contribute to this Story send us a tip send us a tip send us a tip
Sign Up for Newsletters

Around The Web

  • SEARCH ENSTARS

Omarion & Apryl Jones

'LHHH' Star Omarion Speaks On 'Untrue' Rumors He & Apryl Jones Split

VH1's Love & Hip Hop Hollywood star Omarion has spoken out about rumors that he and Apryl Jones have called it quits after speculation that her ex-boyfriend fathered the couple's baby boy.

Katey Sagal

Listen To Katey Sagal's Haunting Cover Of 'Greensleeves' Before New 'Sons of Anarchy' Episode

Katey Sagal, who plays Gemma on FX's Sons of Anarchy, is covering another classic song on Tuesday night's episode of the series and it is now available to listen to before the episode.

Todd & Chase Chrisley

Writer Disses 'Chrisley Knows Best' Star Todd, 'He Is Clearly Exploiting His Minor Children For Ratings'

As many fans await the highly anticipated return of USA's Chrisley Knows Best, a Salt Late City, Utah reporter has called out the family, specifically patriarch Todd Chrisley, for being fake.

John Carroll Lynch

'American Horror Story': Twisty The Clown VERY Bitter About Freak Show Being In Town

John Carroll Lynch plays Twisty the Clown, one of the most terrifying characters on television on 'American Horror Story: Freak Show,' and the actor recently discussed some of the character's motivations.

Ashton Kutcher

Did Ashton Kutcher Honor His Daughter With A Hat?

It appears that Ashton Kutcher, who is one of the latest celebrity daddies, may have found a new way to honor his newborn daughter.

Taylor 'Lil Bit' Wright of 'Party Down South'

'Party Down South' Fans Petitioning To Get Lil' Bit Back On TV?

She chose to leave Party Down South after citing safety concerns, but it doesn't mean that Taylor 'Lil'Bit' Wright's fans are ready to let go of seeing her on their television screens.

Longmire

Lou Diamond Phillips Hints At 'Longmire' Salvation

Fans were outraged when A&E elected to cancel the crime drama 'Longmire' after three seasons as they network's highest-rated scripted series.

Longmire

'Longmire' Star Reveals When Their Contracts Expire

The cast and crew of 'Longmire', which was canceled by A&E after three seasons, have urged fans to be patient as the series looks for a new network.

Longmire

'Longmire' Cancellation Takes A Toll On Cast

As A&E's axed 'Longmire' continues the long search for a new network, cast and crew have stopped to remind fans that the series' message of camaraderie is just as much alive off-screen as it is on.

Longmire

'Longmire' Writer Reccomends New Strategy For Series

Fans of 'Longmire' began to organize "Twitter Stampedes" to promote the series following A&E's decision to cancel the crime drama and continue to do so as producers search to find the program a new network.

Orange is the New Black

What We Know So Far About 'Orange Is the New Black' Season 3

While relatively few plot details are known so far about the highly anticipated third season of Netflix's 'Orange Is the New Black,' there has been a fair amount of information that has been revealed over the past few months.

John Carroll Lynch

'American Horror Story': Twisty The Clown VERY Bitter About Freak Show Being In Town

John Carroll Lynch plays Twisty the Clown, one of the most terrifying characters on television on 'American Horror Story: Freak Show,' and the actor recently discussed some of the character's motivations.

Omarion & Apryl Jones

'LHHH' Star Omarion Speaks On 'Untrue' Rumors He & Apryl Jones Split

VH1's Love & Hip Hop Hollywood star Omarion has spoken out about rumors that he and Apryl Jones have called it quits after speculation that her ex-boyfriend fathered the couple's baby boy.

Tamar Braxton

Tamar Braxton Talks 'Thirsty' Kenya Moore, She Responds On Twitter, 'At Least I Have Edges'

It looks like Kenya Moore has yet another celebrity to add to her "enemy" list as she seems to have found another foe in Love & War singer Tamar Braxton.

Taylor 'Lil Bit' Wright of 'Party Down South'

'Party Down South' Star Taylor 'Lil Bit' Wright Is PREGNANT!

Fans initially questioned her plans to leave Party Down South after the show's second season, but it appears everything has worked out for the best for Taylor 'Lil Bit' Wright-who has officially announced that she is pregnant and expecting a baby with her new boyfriend.

Latest News

Iron Man Avengers Age of Ultron poster

'Avengers 2' Trailer To Debut On 'Agents Of SHIELD,' When Will It Air?

The 'Avengers 2' trailer is less than a week away.

Hawaii Five-0

Danny Tells Family About Matt's Death On 'Hawaii Five-0', Will He Go Back To New Jersey?

How will Danno tell his parents about Matt's untimely death?

Shonda Rhimes

'How To Get Away With Murder' There Are No 'Gay' Scenes, Shonda Rhimes Blasts Antigay Tweets

Executive producer Shonda Rhimes takes a stand against angry fan

Hannibal

Inspector Pazzi Joins 'Hannibal' Cast, When Will He Debut?

The Florence inspector will have quite a bit in common with Will Graham.

'The Voice' Season 7 Promotional Photo

'The Voice' Results Season 7 Battle Rounds Night 4, Who Was Eliminated? Watch Ricky Manning, Beth Spangler, Reagan James

Find out who was sent packing and who made the final teams post-Battle Rounds

The Librarians

'The Librarians' Noah Wyle's Flynn Rejects Eve Baird? Rebecca Romijn Talks Conflict

Noah Wyle won't want a new bodyguard when 'The Librarians' premieres

NCIS LA

New 'NCIS: LA' Episode Title Released, Set To Be Densi-Centric?

A new Dave Kalstein-penned episode may explore Kensi and Deeks' growing relationship.

Nashville

Juliette Sends Avery The Message That Will Change His Life Forever On 'Nashville'

Avery is about to receive the shock of a lifetime when he finds out that he's about to be a daddy.

Jillian Michaels

Jillian Michaels Apologizes Over Comments On Her Sexuality, 'I Am Deeply Disheartened'

It appears that there may have been some confusion on Jillian Michael's recent interview where she discussed her sexuality.

Kristen Stewart

Kristen Stewart Admits That She Is 'Not Overcoming Fear'

While some might be skeptical on how Kristen Stewart's been doing lately regarding her love life, it sounds like she might be in a pretty decent spot.

Featured Videos

From Our Partners

Conor McGregor

Conor McGregor Next Fight: 'Notorious' Gets into Heated Exchange with Chad Mendes Ahead of UFC 179 Title Fight [VIDEO]

Conor McGregor has taken the UFC by storm this year, and now he's drawing attention away from Saturday's featherweight championship fight by engaging in verbal sparring with top contender Chad Mendes.

Michael Sam

First Openly Gay NFL Player Michael Sam Defensive End Released From Dallas Cowboys Practice Squad

Defensive end Michael Sam, who hopes to become the first openly gay athlete to play in a regular-season National Football League game, was released Tuesday by the Dallas Cowboys.

Android 5.0 Lollipop

Gmail App 5.0 Will Support Third-Party Email Addresses Like Outlook And Yahoo With Android 5.0 Lollipop Update

When the Android 5.0 Lollipop mobile operating system rolls out in the coming weeks, it will bring with it the 5.0 update for the Gmail app, which will include the added ability to add accounts from email services like Outlook and Yahoo into your Gmail app, keeping all of your accounts in one place.

Nathan Griffith and Jenelle Evans

Jenelle Evans CPS: 'Teen Mom 2' Star Gets A Visit From Child Protective Services [VIDEO]

Jenelle Evans recently got a visit from Child Protective Services.

Miranda and Corey Simms

Leah Calvert Miranda: 'Teen Mom 2' Star's Sister Slams Corey Simms' Wife [VIDEO]

Leah Calvert's sister doesn't believe Corey Simms' wife is authentic.

Camp Pokemon

New Pokemon iOS Game Released: Kid-Focused 'Camp Pokemon' Offers Six Different Challenges On iPhone, iPad, And iPod Touch

The Pokemon Company International has launched a new Pokemon app on iOS focused specifically at young children.

Misbah-ul-Haq

Pakistan vs Australia Live Streaming: Watch '1st Test' Cricket 2014 Online @ 6:00AM BST

Australia hopes to continue its success against Pakistan when the two teams meet for the first game of a two-match test series on Wednesday at 2:00 a.m. ET. Live stream the match by clicking this link.

Xbox One

Xbox One November Update Preview: New Software Includes Profile Improvements, SmartGlass Upgrades, Twitter Integration

Xbox One's November update is on its way, and it's packed with features to increase user personalization and media sharing.

Real Time Analytics