Posts Tagged ‘debt

31
Aug
12

Rise and Shine

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NYT Editorial: Mitt Romney wrapped the most important speech of his life around an extraordinary reinvention of history — that his party rallied behind President Obama when he won in 2008, hoping that he would succeed….

The truth, rarely heard this week in Tampa, is that the Republicans charted a course of denial and obstruction from the day Mr. Obama was inaugurated, determined to deny him a second term by denying him any achievement, no matter the cost to the economy or American security — even if it meant holding the nation’s credit rating hostage to a narrow partisan agenda.

Mr. Romney’s big speech, delivered in a treacly tone with a strange misty smile on his face suggesting he was always about to burst into tears, was of a piece with the rest of the convention. Republicans have offered precious little of substance …. but no subjects have received less attention, or been treated with less honesty, than foreign affairs and national security — and Mr. Romney’s banal speech was no exception.

It’s easy to understand why the Republicans have steered clear of these areas. While President Obama is vulnerable on some domestic issues, the Republicans have no purchase on foreign and security policy. In a television interview on Wednesday, Condoleezza Rice, the former secretary of state, could not name an area in which Mr. Obama had failed on foreign policy.

Full editorial here

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Cagle

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EJ Dionne: …. Once again, Romney showed that his campaign will launch attacks with little regard for their veracity. “Unlike President Obama,” he said, “I will not raise taxes on the middle class.” … Obama has in fact asked Congress to retain current tax rates for families earning less than $250,000 a year.

“I will begin my presidency with a jobs tour,” Romney also said. “President Obama began with an apology tour.” There was no apology tour. And Romney suggested that Republicans had been initially eager to work with the president, when in fact the party was determined from the beginning to oppose virtually all of Obama’s initiatives.

…. there will be a jarring contrast between the Romney who spoke of uniting the nation and his exceptionally harsh, relentless and divisive advertising campaign that includes factually-challenged spots on welfare plainly aimed at stirring resentment.

The stark disjunction will inevitably keep alive the question that his convention speech did not answer: Who is the real Romney?

Full article here

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Read the rest of Rise and Shine here

29
Aug
12

This and That

Msg from The Obama Diary: Genuine bloggers who create their own posts are welcome to use anything from TOD – rebloggers, who only copy others in an attempt to up their traffic, are not. Like the reblogger who treats women like this – explicit – while copying TOD posts on women’s rights. He belongs in the GOP.

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President Obama arrives back at the White House, August 29

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Thank you Sosena ;-)

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Washington Post: President Obama used some of his toughest language yet against rival Mitt Romney today, accusing the Republican’s campaign of bragging that “we will not let the truth get in the way.”

Speaking to an outdoor crowd of 7,500 in downtown Charlottesville, Obama said Romney and his campaign have not told the truth in TV ads accusing the president of ending the work requirement in landmark welfare reform legislation that was passed in the 1990s.

“Somebody was challenging one of their ads,” Obama said. “They just they made it up about work and welfare. And every outlet said this was just not true. They were asked about it, and a campaign person said, we won’t have the fact checkers dictate our campaign plan. We will not let the truth get in the way.”

Read the full article here

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On British TV tonight, Iain Dale, a former Conservative Party election candidate …. jeez, even Thatcher worshipers recognize what the GOP has become:

Click here to see the rest of the post

29
Aug
12

Rise and Shine

Msg from The Obama Diary: Genuine bloggers who create their own posts, are welcome to use anything they ever see at TOD – rebloggers, who just copy others’ posts in an attempt to up their traffic, are not. Especially rebloggers who talk to women like this – explicit – while copying TOD posts on women’s rights. Thanks.

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Today:

3:30 ET: President Obama delivers remarks at a campaign event in Charlottesville, Virgina

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Washington Examiner: President Obama and Vice President Joe Biden will tour seven swing states next week ahead of the Democratic National Convention in Charlotte, N.C.

Obama will travel to Iowa, Colorado, Ohio and Virginia between Sept. 1 and Sept. 4 as part of his “Road to Charlotte” tour, the president’s campaign announced Tuesday. Among the cities Obama will visit include Des Moines and Sioux City in Iowa,  Boulder, Colo., Toledo and Cleveland in Ohio and Norfolk, Va. Biden will travel separately to York, Pa., Green Bay, Wis., and Detroit between Sept. 2 and Sept. 4.

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Boston Globe

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NYT Editorial: …. the Republicans’ parade of truth-twisting, distortions and plain falsehoods arrived on the podium of their national convention on Tuesday. Following in the footsteps of Mitt Romney’s campaign, rarely have so many convention speeches been based on such shaky foundations.

…. Conventions are always full of cheap applause lines and over-the-top attacks, but it was startling to hear how many speakers in Tampa considered it acceptable to make points that had no basis in reality.

Gov John Kasich of Ohio, for example, boasted of the booming economy in his state, never mentioning that he and Mr. Romney opposed the auto bailout that has played an outsized role in the state’s recovery. (Apparently Mr. Obama’s destructive economic policies do not apply everywhere.)

…. Considering how Mr. Romney has conducted his campaign so far, most recently his blatantly false advertising accusing Mr. Obama of gutting the work requirement on welfare, it is probably not surprising that the convention he leads would follow a similar path.

Voters looking for a few nuggets of truth would not have found them in Tampa on Tuesday.

Full editorial here

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See the rest of Rise and Shine here

03
Apr
12

rise and shine

CBS Sports

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12:30: White House llive and CNN Live streaming

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TPM: Today the presidential gloves really come off.

In a Tuesday speech hosted by the Associated Press in Washington, D.C., President Obama will deliver a broadside to the House-passed Republican budget, which calls for upending Medicare and making deep cuts to domestic social programs. Obama will describe it as a dark vision for America and draw a clear contrast with his campaign themes of reducing inequality and asking the wealthy to help pay down the nation’s debt.

“This congressional Republican budget, however, is something different altogether. It’s a Trojan Horse,” Obama plans to say, according to excerpts provided by the White House. “Disguised as deficit-reduction plan, it’s really an attempt to impose a radical vision on our country. It’s nothing but thinly veiled Social Darwinism. It’s antithetical to our entire history as a land of opportunity and upward mobility for everyone who’s willing to work for it — a place where prosperity doesn’t trickle down from the top, but grows outward from the heart of the middle class. And by gutting the very things we need to grow an economy that’s built to last — education and training; research and development — it’s a prescription for decline.”

More here

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Business Insider: Over the next eight hours, twenty automakers will report March auto sales in the U.S. Already, it appears the seasonally adjusted annual rate of sales will top all industry estimates, new data out of Business Insider shows.

First out the gate this month is Chrysler, with a better-than-expected sales gain of 34.2 percent, moving 163,381 units in March.

At that healthy gain, Business Insider estimates total U.S. SAAR will run between 15.2 million and 16.1 million. This is well above current estimates of 14.6 million units, per Bloomberg.

The last time auto sales topped an annualized pace of 15.2 million was four years ago, in February 2008.

More here

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Detroit News: Chrysler Group LLC sold 163,381 cars and trucks last month, translating into a 34 percent year-over-year increase and making March another stellar month for the Auburn Hills automaker.

Meanwhile, Ford Motor Co. said Tuesday that its auto sales were up 5 percent in March — the company’s best March in five years. And Hyundai Motor Co. said it set a new all-time record for U.S. auto sales in March, up 13 percent to 69,728 on strong sales of its fuel-efficient models.

More here

Thanks VC

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NYT: For several weeks, Mitt Romney has seized on the rising cost of gasoline to attack President Obama and his environmental aides for what Mr. Romney calls their misguided desire to see higher energy prices.

…. But Mr. Romney, the former governor of Massachusetts, has in the past appeared much more open to the notion that rising energy costs could be good for the American economy. In his 2010 book, “No Apology,” Mr. Romney described a gradual increase in the cost of energy as the kind of market-based incentive that conservatives could embrace.

…. Charles Ebinger, the director of the energy security initiative at the Brookings Institution, said Mr. Romney’s openness to the benefits of higher energy prices was similar to the approach that Mr. Obama’s advisers had espoused for years.

More here

Steve Benen: ….. The main problem, as the New York Times reported today, is that Romney has already argued for the same policies he’s now against.

…. As governor, Romney also raised gas taxes — by 400% — and hired an energy advisor who opposes reduction in oil prices. Romney even pushed for more energy-efficient light bulbs, though he now opposes the idea.

Clearly, the former governor is aware of public concerns and wants to incorporate energy policy into the 2012 race, but between Romney’s Big Oil ties and his previous personas, it’s not going to be easy for him to stay coherent on the subject.

More here

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TPM: A new report by an independent government auditor concludes that implementing President Obama’s health care law as intended will make a significant dent in the long-term debt forecast.

…. it concludes that if key cost-control measures in the law, and other automatic cuts to Medicare spending baked into current law, are ignored, or overridden by Congress, the implications for the national debt are vast.

If “Obamacare” is implemented as intended, and other measures, such as automatic payment cuts to Medicare physicians, take effect, “spending on Medicare and Medicaid grows from 5 percent of GDP in 2010 to over 7 percent by 2030.”

By contrast, if Congress overrides those provisions, “spending on health care grows much more rapidly ….”

More here

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Morning everyone ;-)

02
Nov
11

rise and shine

Greg Sargent: The first thing you should watch this morning is this harsh new Web video from the Obama-allied Priorities USA Action. It paints a very lurid picture of “Mitt Romney’s America,” and it provides the clearest clues yet as to what kind of campaign Obama and outside groups will run against him if he’s the nominee.

Romney’s corporate background, as well as that infamous Bain picture, get top billing, and are tied to the allegation that Romney’s policies would be a boon to corporations while decimating the middle class. Obama advisers and allies intend to paint an extremely vivid and even frightening picture of what Romney’s desire to roll back Obama’s post-Bush reforms would mean for the economy, the country, and the future. Beyond his pro-corporate policies, the feeling on the Obama team is that Romney’s corporate past is an unexplored and potentially serious liability, particularly amid the intense anti-Wall Street sentiment that seems to be on the rise…..

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CNN will have live steaming of the President’s 11:25 speech

Today:

11:25 The President delivers remarks in front of the Key Bridge at Georgetown’s Waterfront Park in Washington, DC

12:30 Jay Carney’s press briefing

2:30 Michelle Obama hosts the PCAH’s National Arts and Humanities Youth Program Awards

4:15 The President and Vice President meet with Senate Democratic leadership

7:0 The President departs Joint Base Andrews en route to Nice, France

7:0 The Vice President and Jill Biden host Eric Cantor and his wife Diana for dinner at the Naval Observatory

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More at the White House site

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You know how much I hate GOPolitico and how I hold my nose when I link to it – well, I’m holding my nose again because this article is worth reading: link

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Quinnipiac: President Barack Obama’s job approval rating is up, from a negative 41 – 55 percent October 5, to a split today with 47 percent approving and 49 percent disapproving in a Quinnipiac University poll released today. The president has leads of 5 to 16 percentage points over likely Republican challengers.

…. “President Obama seems to be improving in voters’ eyes almost across-the-board,” said Peter Brown, assistant director of the Quinnipiac University Polling Institute. “He scores big gains among the groups with whom he has had the most problems – whites and men. Women also shift from a five-point negative to a four-point positive.

….. Obama also is looking better in matchups against potential Republican nominees:

47 – 42 percent over Romney, compared to a 46 – 42 percentlead October 5;
52 – 36 percent over Perry, up from a 45 – 44 percent tie last month;
50 – 40 percent over Cain, who was not included in a matchup last month;
52 – 37 percent over Gingrich, who was not matched last month.

More here

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From the same poll:

More here

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The Week

See Steve Benen on Cain’s troubles

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Full editorial here – thanks Proud

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Morning everyone ;-)

22
Sep
11

‘clinton, context, and coverage – a case study’

Steve Benen: If you perused the headlines on several prominent political news sites yesterday, you were led to believe that former President Clinton, in an interview with Newsmax, expressed his opposition to President Obama’s debt-reduction plan, or at least the provisions related to tax fairness.

….. Perhaps the most egregious was Time’s Mark Halperin, who ran this as the lead political story yesterday afternoon. The headline …., read, “42: No Tax Hikes.” The blurb told readers, “In Newsmax interview, Clinton says, ‘I personally don’t believe we ought to be raising taxes … This has been a dead flat economy.’”

What did Clinton actually say? The quote from the former president is pretty straightforward: “I personally don’t believe we ought to be raising taxes or cutting spending until we get this economy off the ground.”

Notice the difference between the quote and the media’s coverage?

First, these media outlets simply chose to ignore the part of the quote in which Clinton rejected spending cuts during a weak economy. Halperin went so far as to use ellipses to take out the part in which the former president dismissed the Republicans’ priority, misleading the reader about Clinton’s position.

…. Clinton and Obama are saying the same thing. There’s no excuse for these media outlets telling the public otherwise.

Full post here




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