We're having a gay old week, aren't we? The White House press corps battles poor Jay Carney about Obama's eternally evolving position on same-sex marriage after the president's presumed proxies, Joe Biden and Secretary of Education Arne Duncan, come out in favor.

Every president plays a symbolic, almost mythological role that’s hard to talk about, much less quantify—it’s like trying to grab a ball of mercury. I’m not referring to using the bully pulpit to shape the national agenda but to the way that the president, as America’s most inescapably powerful figure, colors the emotional climate of the country. John Kennedy and Ronald Reagan did this affirmatively, expressing ideals that shaped the whole culture. Setting a buoyant tone, they didn’t just change movies, music, and television; they changed attitudes. Other presidents did the same, only unpleasantly. Richard Nixon created a mood of angry paranoia, Jimmy Carter one of dreary defeatism, and George W.

Having never worked on Wall Street, I don't know much about the psychology of the typical stock analyst or bond trader. So I've been as bewildered as anyone when I see stories quoting denizens of the Street complaining about the Obama administration. Not about, say, the creation of the Consumer Financial Protection Bureau—that's not surprising, since it's an agency created to rein in their abuses, and so it directly impinges on their financial interests—but about how their feelings have been hurt. After Wall Street gave more money to Obama than to John McCain, these days those masters of the universe feel put upon. As former Prospect writer Nicholas Confessore wrotein the New York Times Magazine about a discussion an Obama representative had with some of them not long ago, "They felt unfairly demonized for being wealthy. They felt scapegoated for the recession. It was a few weeks into the Occupy Wall Street movement, with mass protests against the 1 percent springing up all around the country, and they blamed the president and his party for the public’s nasty mood. The administration, some suggested, had created a hostile environment for job creators."

The natural response one has to this, of course, is "Cry me a frickin' river." You destroyed the American economy then got bailed out by the taxpayers, and your feelings are hurt because Barack Obama once used the term "fat cats" in an interview? You're shocked that all American's don't understand that every time a derivatives trader buys a Ferrari, an angel gets her wings? And you expected Obama to help the public understand that? Please. As Noam Scheiber points out, these guys may be very clever when it comes to creating intricate webs of collateralized debt obligations, but they don't understand the first thing about politics...

Let the general-election fun begin. Less than 24 hours after Mitt Romney rebooted for the umpteenth time, the Obama campaign announced the official start of rally season. The campaign announced an impromptu press conference call Wednesday evening to announce campaign swings through Ohio and Virginia by the president and first lady on May 5. "We understand we've pulled one or two of you out of the bar and we apologize for that," said campaign Press Secretary Ben LaBolt. "I want to go on record: I was opposed to pulling you guys out of the saloons, I didn't think that was the right thing to do," echoed senior advisor David Axelrod, who was joined by campaign manager Jim Messina.

Via Sarah Kliff, here's a great graphic from Kaiser Family Foundation laying out how funds from the Affordable Care Act are being distributed across the country:

This piece is the fourth in a six-part series on taxation, and a joint project by The American Prospect and its publishing partner, Demos.

The “Buffett Rule” proposed by President Obama and now being considered by the Senate would be an important symbolic step toward a fairer tax system. By instituting a minimum tax on very high earners, it would advance the principle of progressive taxation and reform the tax code in an overdue way.