Posts Tagged ‘consumer



02
Oct
12

This, That (and the Other)

OFA

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Today:

2:0: Michelle Obama speaks to grassroots supporters in Cincinnati

9:25: Michelle Obama delivers remarks at a campaign event in Seattle

CBS have the first speech in their schedule, not sure whether the second one will be shown

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Detroit News: General Motors said its September sales rose 1.5 percent to 210,245 vehicles, marking its best September since 2008.

Chrysler Group LLC beat analyst expectations as its September sales rose 12 percent, while Ford Motor Co. sales remained flat in September compared to the same month a year ago.

GM said passenger car sales jumped 29 percent from the same month a year ago, while sales of mini, small and compacts shot up a combined 97 percent.

….. Chrysler reported its best September sales total in five years. The Auburn Hills automaker sold 142,041 vehicles last month; September also marked the 30th consecutive month that Chrysler has experienced year-over-year sales gains.

More here

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CNNMoney: American Express will refund $85 million for what government officials called deceptive practices involving about 250,000 customers.

The Consumer Financial Protection Bureau said Monday that American Express (AXP, Fortune 500) subsidiaries illegally charged late fees, deceived customers by promising non-existent money rewards, and discriminated against new applicants over the age of 35.

“Laws were violated at all stages of the game,” said CFPB director Richard Cordray in a statement …. In addition to refunding customers, American Express will pay a $27.5 million penalty…

More here

Thanks amk

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Quinnipiac: An 18 point lead among women puts President Barack Obama ahead of Gov. Mitt Romney 49 – 45 percent among likely voters nationwide, and voters expect 54 – 28 percent that the president will win the debates, according to a Quinnipiac University national poll released today.

…. “It is very difficult to win an election when you are getting shellacked among women,” said Peter A. Brown, assistant director of Quinnipiac.

More here

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25
Sep
12

Rise and Shine

GottaRegister

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10:45: Vice President Joe Biden delivers remarks at a campaign event in Chesterfield, Virginia

(Don’t forget The View today)

1:25: President Obama departs New York City

2:35: Arrives at the White House

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NYT Editorial: Mitt Romney …. told CBS News’s “60 Minutes” that he is tied with President Obama; he has a “very effective campaign; it’s doing a very good job” …. That’s an outright denial of political reality, but Mr. Romney’s willingness to stray from the truth is at the root of what’s really going on….

To some extent, Mr. Romney’s diminishing stature is because of two recent statements that revealed his deficiencies to a newly interested audience. He falsely suggested that the Obama administration was sympathetic to the violent Muslim protests in Libya and Egypt, illustrating his ignorant and opportunistic critique of foreign policy. And he was caught on video belittling nearly half the country for an overreliance on government handouts.

These moments, though, were not fumbles or gaffes. They were entirely consistent with the dismissive attitude Mr. Romney has routinely shown toward non-Americans or the non-rich….

Mr. Romney is free to pursue this shallow, cavalier campaign for six more weeks, but he shouldn’t be surprised if voters increasingly choose not to pay attention.

Full editorial here

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BBC: America’s sixth-largest credit card issuer has agreed to pay $200m in refunds to settle accusations it misled customers into add-on services.

Discover Bank will also pay a $14m fine, after regulators said it enrolled clients in schemes such as credit monitoring, without consent.

It is the third public enforcement action taken by the Consumer Financial Protection Bureau (CFPB).

More than 3.5 million customers are to receive refunds. About two million of them will be repaid all the charges against them.

More here

Thank you amk

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28
Feb
12

afternoon all

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Greg Sargent: In a speech to the United Auto Workers just now, Obama defended his decision to bail out the auto industry, lacing into Mitt Romney with withering derision. But this speech was about more than the auto-bailout. It was Obama’s case for reelection.

This speech constituted Obama’s most ambitious effort yet to weave his defense of the auto rescue into the larger contrast he will try to draw between his vision and the “you’re on your own” ideology he will accuse Republicans of representing.

…. today’s speech was important: It revealed that the alternate reality Romney has been functioning in throughout the GOP primary is soon going to give way to another reality entirely, a general election reality — and Romney, presuming he will be the nominee, will soon collide with it.

More here

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TPM

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The American Prospect

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Michael Tomasky: Ideological rigidity and Obama hatred led Republicans to reject the auto bailout. Now they’re doubling down on their opposition – and surrendering Michigan in the general election.

Michiganders, take pride: your 2012 primary will go down in American political history as perhaps the single most eye-popping case ever of a party’s demands on its candidates during the primary fight reducing its chance of winning the state in November from something not far from half to near zero. This is especially true if Rick Santorum manages to pull the upset and go on to be the nominee; Barack Obama’s campaign wouldn’t have to spend one thin dime in Michigan and would still win by at least 15 points. But it’s true also if unfavorite son Mitt Romney manages to win. Horse-race polls that once showed a tough battle between the two now project an Obama blowout.

More here

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The People’s View

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Business Insider: U.S. consumer confidence in February surged to 70.8. Economists were expecting the measure to rise to just 63.0 from January’s reading of 61.1…..

More here

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Grist

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More here

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President Barack Obama signs an Executive Order entitled “Establishment of the Interagency Trade Enforcement Center,” in the Oval Office, Feb. 28, 2012. (Official White House Photo by Pete Souza)

07
Feb
12

afternoon all (updated)

Thank you ObamaBuilt2LastNZ!

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First Lady Michelle Obama participates in a tug of war with Jimmy Fallon in the Blue Room of the White House during a “Late Night with Jimmy Fallon” taping for the second anniversary of the “Let’s Move!” initiative, Jan. 25. (Official White House Photo by Chuck Kennedy)

** NBC tonight at 12:35 am ET **

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AP: The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring.

Companies and governments posted 3.38 million jobs in December, the Labor Department said Tuesday. That’s up from the 3.12 million advertised in the previous month and nearly matches the three-year high reached in September. Job openings in the private sector reached the highest point in almost three and a half years.

…. The report on job openings follows Friday’s optimistic employment figures. Those showed employers added 243,000 net jobs in January, and the unemployment rate fell to 8.3 percent.

….. It generally takes one to three months for employers to fill job openings. December’s big jump in postings is likely one reason January’s jobs report was healthy. But it also suggests job growth may continue in the coming months.

More here

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TPM – thanks Loriah

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Steve Benen: For months, Republican presidential candidates have been eager, if not desperate, to accuse President Obama of waging a “war on religion”….

…. Mitt Romney seems to have settled on a policy to match the attack: the Obama administration’s decision to require coverage of contraception as preventive care under the Affordable Care Act is, according to the former governor, an “attack on religious liberty”.

…. As a substantive matter, Romney’s lying. The administration’s policy already exempts churches and other houses of worship and “doesn’t require any individual or employer to violate a religious belief – it simply ensures that their employees with different beliefs have the same access to birth control as all other women.”

…. he’s not only lying; he’s also denouncing Obama for adopting a policy similar to one Romney used to support …. as governor, a previous iteration of Romney required all Massachusetts hospitals, including Catholic hospitals, to provide emergency contraception to rape victims.

More here

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Link

USA Today: Pundits and bishops warn President Obama he could lose the white Catholic vote over requiring a contraception option for insurance plans. But Catholic women say they want birth control covered in employee health plans.

…. The Catholic bishops, backed by conservative evangelicals, say the Obama administration shouldn’t include contraception coverage as part of free preventive care options in employers’ health insurance plans …. here’s where the Catholic women come in. According to the Public Religion Research Institute poll released today:

….58% of all Catholics agree employers should be required to provide their employees with health care plans that cover contraception. That slides down to 52% for Catholic voters, 50% for white Catholics.

… the numbers might bring pause to pundits mulling the “Catholic vote”.

More here

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Steve Benen: For months, Republican super PACs have been raising vast sums from wealthy donors …. the political world, however, hasn’t heard much from Democratic super PACs, which have raised far less money.

That will apparently soon change … Jim Messina argued overnight that the Obama campaign just doesn’t have a choice.

He added that Republican super PACS, in aggregate, are “expected to spend half a billion dollars, above and beyond what the Republican nominee and party are expected to commit to try to defeat the President.” That may sound like hyperbole, but it’s a reasonable estimate. The Koch brothers alone are prepared to spend $100 million later this year to defeat Obama.

…. Democrats had a choice: stick to principle, refuse to play by the new rules, and make defeat far more likely, or level the playing field …. The only surprise here is that anyone would be surprised by the decision.

Full post here

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Thanks Mary

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NYT: The delicate Karl Rove said he was “frankly, offended” …. (by)…. the Chrysler ad that Clint Eastwood narrated, which many people who don’t share Mr. Rove’s political worldview thought was rather uplifting.

…. he suggested the words were dictated by “the President of the United States and his political minions,” who bailed out Detroit with taxpayer dollars. It’s just another example of “Chicago-style politics,” he said, whatever that means.

The White House said it had nothing to do with the ad, but it had a great deal to do with Detroit’s resurgence, and that’s what’s really offensive to Mr. Rove and other Republicans. They’d prefer to drown out the good news coming from the carmakers, such as these recent headlines…

More here

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Flashback … from 2004:

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I’m still catching up with the news – and all the comments! – after being out today, will post again soon-ish ;-)

04
Jan
12

afternoon all

Andrews Air Force Base, Jan. 4

Greg Sargent: It isn’t just Richard Cordray. Obama is also set to use recess appointments to install his picks to the National Labor Relations Board, according to White House officials and others familiar with ongoing discussions.

The move, which is arguably as important as the Cordray appointment, will ratchet up opposition from Republicans and make this an even bigger fight, since they have been attacking the NLRB regularly for its moves to streamline union elections and inform workers of their rights.

…. Obama’s move, which will help energize unions in advance of the 2012 election, is yet another sign that he is determined to circumvent GOP opposition and make government functional again by any means necessary….

More here

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ThinkProgress: Republicans have shown outrage at Obama for using his recess appointment powers with Consumer Financial Protection Bureau director Richard Cordray, and similar outrage is likely to follow the news of the NLRB appointments. But the past three Republican presidents also made recess appointments to the NLRB. Ronald Reagan and George H.W. Bush each made three recess appointments to the NLRB, while George W. Bush made seven such appointments.

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AFL-CIO president Richard Trumka: We commend the President for exercising his constitutional authority to ensure that crucially important agencies protecting workers and consumers are not shut down by Republican obstructionism. Working families and consumers should not pay the price for political ploys that have repeatedly undercut the enforcement of rules against Wall Street abuses and the rights of working people.

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NYT: A defiant President Barack Obama, tired of Senate Republicans stalling his nominee to lead a new consumer protection agency, put him in charge Wednesday over their opposition.

“I refuse to take ‘no’ for an answer,” the president said.

… With a director in place, Obama said the Consumer Financial Protection Bureau can start overseeing the mortgage companies, payday lenders, debt collectors and other financial operations often blamed for practices that helped undermine the economy.

Obama announced the move with Cordray by his side before a cheering crowd in Ohio … “Every day that we waited was another day when millions of Americans are left unprotected,” Obama.

Full article here

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TPM

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Steve Benen: This is a big, bold move by the president, and I couldn’t be more pleased.

…. It’s worth noting that I’m generally not a fan of these kinds of recess appointments …. But in this case, there’s only one sensible conclusion: Senate Republicans left Obama with no choice.

No one, not even the most unhinged Republicans, are questioning Cordray’s qualifications, and if the Senate were to vote on his nomination, it would be approved fairly easily.

But Republicans won’t allow that because they disapprove of the existence of the Consumer Financial Protection Bureau.

…. The Republican tactics on this are nothing short of madness. I’m relieved President Obama has had enough.

Full post here

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President Obama returns to the White House after a visit to Ohio

04
Jan
12

off to ohio

President Barack Obama walks with Col. Jacqueline D. Van Ovost, commander of the 89th Airlift Wing, before boarding Air Force One at Andrews Air Force Base, Md. The president is scheduled to deliver remarks on the economy at Shaker Heights High School in Shaker Heights, Ohio.

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11:35: PBO arrives in Cleveland, Ohio.

12:05: PBO participates in a discussion with a family at a private residence.

1:15: PBO delivers remarks on the economy.

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NYT

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;-)

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