Posts Tagged ‘economy



08
Feb
13

Rise and Shine

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Today:

3:45: President Obama delivers remarks at the Armed Forces Farewell Tribute in honor of Defense Secretary Leon Panetta, Joint Base Myer-Henderson (C-Span)

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NYT: It happened a few minutes before the beginning of Jim Langevin’s junior cadet shift back in 1980 …. A bullet ricocheted off a locker and went right through the boy’s neck, severing his spinal cord.

At 16, he would never walk again and never fulfill his dream of becoming a police officer.

Now, three decades later and seven terms into his career as one of Rhode Island’s two members of the House of Representatives, Mr. Langevin, 48, is the only quadriplegic ever to serve in Congress….

For the past month, he has been on a quiet campaign to persuade his colleagues to give up their guest passes to next Tuesday’s State of the Union address by President Obama so that victims of gun violence can attend.

That way, he said, when the nation’s highest officeholders look up from the floor of the House to those watching from the gallery, they will not be able to avoid seeing the human toll that guns can exact.

More here

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Upworthy: It’s a fact so jaw-dropping it’s unbelievable — people thought it was a crazy Internet rumor until Politifact verified it. But it’s true: More Americans have died just since 1960 from gun incidents — suicides, accidents, and homicides — than died in every war in U.S. history. The deadliest war the U.S. has ever had is the war we waged against ourselves.

Politifact: Politifact: Since the mass shooting at Sandy Hook Elementary School in Newtown, supporters and opponents of gun control have thrown out statistics to support their point of view.

Here’s one that caught our eye, offered by liberal commentator Mark Shields on the Dec. 21, 2012, edition of the PBS NewsHour.

Shields told host Judy Woodruff, “You know, Judy, the reality is – and it’s a terrible reality – since Robert Kennedy died in the Ambassador Hotel on June 4, 1968, more Americans have died from gunfire than died in … all the wars of this country’s history, from the Revolutionary through the Civil War, World War I, World War II, in those 43 years. … I mean, guns are a problem. And I think they still have to be confronted.”……

More here

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CNN: A group of four senators working behind the scenes on a bipartisan bill to expand background checks on gun sales is making significant progress, according to sources in both parties familiar with their work.

The group includes Sen. Tom Coburn, R-Oklahoma, who has an A rating with the National Rifle Association, Sen. Mark Kirk, R-Illinois, Sen. Joe Manchin, D-West Virginia, a long time advocate of gun rights, and Chuck Schumer, D-New York, a long time supporter of gun control.

CNN is told the legislation they are working on would effectively require background checks on private gun purchases made with non-licensed gun dealers, according to sources in both parties. That would include closing the so-called gun show loophole.

More here

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NYT: President Obama may have run his last political campaign, but that does not relieve him of his obligations to the Democratic Party.

The president, who has a vested interest in Democrats retaining their Senate majority and trying to narrow Republican control of the House, is already making plans to return to the campaign trail. He has agreed to hold at least 14 separate fund-raising events this year, a Democratic official familiar with the plans told The New York Times, characterizing it as an “aggressive schedule.”

…. Mr. Obama will appear at 10 events outside Washington: five for the Democratic Senatorial Campaign Committee and five for the Democratic Congressional Campaign Committee. He will also host one event for each committee in Washington as well as appearing at two joint fund-raising galas for House and Senate candidates.

More here

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Reuters: A rise in exports and lower imports of oil helped push the trade deficit to its narrowest point in nearly three years in December, suggesting the economy did much better in the fourth quarter than initially estimated.

The country’s trade gap narrowed to $38.5 billion during the month, the Commerce Department said on Friday. Analysts polled by Reuters had expected a deficit of $46 billion.

“Trade data for December paint a reassuring and encouraging picture of the US economy at the end of last year,” said Chris Williamson, chief economist at Markit.

More here

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‘President Obama has outlined his plan for fixing our broken immigration system. Add your name to stand with the President’ – here

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BuzzFeed: One of President Obama’s two nominees Thursday for the U.S. Court of Appeals for the Federal Circuit, Todd M. Hughes, would become the first out gay appeals court judge in the country, if confirmed by Congress.

Hughes currently is the deputy director of the Commercial Litigation Branch of the Civil Division at the United States Department of Justice….. The Gay & Lesbian Victory Fund, which runs the Presidential Appointments Project to support out LGBT candidates for appointments, praised the nomination.

More here

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NYT: Cardiss Collins, who reluctantly ran for a Chicago Congressional seat left vacant when her husband died in a plane crash and went on to become Illinois’s first black congresswoman, serving for nearly 25 years as a voice for racial and gender equality and expanded health care for the poor, died on Sunday in Arlington, Va. She was 81.

….. She campaigned little but easily won the primary in April and cruised through the general election in June with 92 percent of the vote. Six years later, and after some early struggles in office — she had never considered a political career before she was thrust into one — she became chairwoman of the Congressional Black Caucus. For much of the 1980s, she was the only black woman in Congress.

More here

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TPM: Outgoing Energy Department Secretary Steven Chu, who announced his resignation last week, took to his Facebook page Thursday to make light of an article from parody news site “The Onion” alleging that he woke up next to a solar panel after a night of partying in D.C. As Chu wrote in a post on his Facebook page:

    “I just want everyone to know that my decision not to serve a second term as Energy Secretary has absolutely nothing to do with the allegations made in this week’s edition of the Onion. While I’m not going to confirm or deny the charges specifically, I will say that clean, renewable solar power is a growing source of U.S. jobs and is becoming more and more affordable, so it’s no surprise that lots of Americans are falling in love with solar.”

More here

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Don’t miss Colbert at the end:

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Michelle Obama’s Playlist on Spotify:

People: My song with my husband: Al Green’s “Let’s Stay Together”

Michelle Obama: Barack and I danced to “Let’s Stay Together” at this Inauguration, and it was such a special moment for us. We had spent all day together with our family and friends at different Inaugural events, and at the end of the day the dance was really our one-on-one moment with each other. Well, each other and everyone watching on TV!

More here

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MoooOOoooOOooooorning!

01
Feb
13

Nightmare Headlines for the GOP: America’s Bouncing Back (Obama’s Fault)

29
Nov
12

Rise and Shine

Completely random poster (New Black Woman)

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AP: The U.S. economy grew at a faster 2.7 percent annual rate from July through September, although the strength may fade in the final months of the year.

The Commerce Department says growth in the third quarter was much better than the 2 percent rate estimated a month ago and more than twice the 1.3 percent rate logged in the April-June quarter.

The two biggest factors in the upward revision were larger gains in business stockpiles and a boost in export sales. That offset weaker consumer spending.

Economists believe growth is slowing to a rate below 2 percent in the current October-December quarter because of disruptions from Superstorm Sandy and worries about sharp tax increases and spending cuts that would occur in January without a budget deal in Washington.

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Steve Benen

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Steve Benen: Initial unemployment claims spiked a few weeks ago after Hurricane Sandy slammed the Northeast, but the new figures from the Department of Labor points to a steady improvement:

Applications for U.S. unemployment benefits fell 23,000 to a seasonally adjusted 393,000 in the week ended Nov. 24, the Labor Department said Thursday. Initial claims from two weeks ago were revised up to 416,000 from an original reading of 410,000, based on more complete data collected at the state level. Economists surveyed by MarketWatch expected claims to drop to 390,000 as the effects of Hurricane Sandy fade.

More here

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CNBC: Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September.

The monthly gauge of pending home sales from the National Association of Realtors was also revised higher in September and is now up 13.2 percent from October of 2011. This is a forward looking indicator for closed sales one to two months from now.

More here

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Cagle

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@EricBoehlert

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President Barack Obama and Vice President Joe Biden meet with business leaders to discuss the actions needed to keep the economy growing and find a balanced approach to reduce the deficit, in the Roosevelt Room of the White House, Nov. 28, 2012. (Official White House Photo by Pete Souza)

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An angry President Obama admonishes Bo for eating Romney’s White House lunch:

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E.J. Dionne: Here’s the first lesson from the early skirmishing over ways to avoid the fiscal cliff: Democrats and liberals have to stop elevating Grover Norquist, the anti-government crusader who wields his no-tax pledge as a nuclear weapon, into the role of a political Superman.

Pretending that Norquist is more powerful than he is allows Republicans to win acclaim they haven’t earned yet. Without making a single substantive concession, they get loads of praise just for saying they are willing to ignore those old pledges to Grover … kudos for an openness to compromise should be reserved for Republicans who put forward concrete proposals to raise taxes.

The corollary is that progressives should be unafraid to draw their own red lines. If you doubt that this is a good idea, just look at how effective Norquist has been.

More here

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Maddow Blog: Here’s an easy way to remember the Republican party’s commitment to diversity: Of the 19 committee chairs chosen by House Republicans thus far, all 19 are white men!

More here

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CNN: In the final race deemed too close to call, Republican David Rouzer conceded Wednesday after a recount in the race for North Carolina’s 7th Congressional District showed incumbent Rep. Mike McIntyre won by a razor-thin margin.

…. Despite facing a newly-drawn district that appeared to have been created to end his career, McIntyre showed strong signs of life in the race and ran a competitive race in the district that skews heavily Republican. He led in fundraising over Rouzer, a state senator, and kept even with ad spending by pro-Republican outside groups and the national Republican Party. Rouzer, however, stayed off the airwaves.

The contest was considered the final unresolved House race from Election Day that could make a difference in the makeup of the 113th Congress…. McIntyre’s victory gives Democrats a net gain of eight House seats from the November election, and the next Congress will consist of 234 Republicans and 201 Democrats.

More here

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Completely random pic:

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Moooooooooooorning everyone.

09
Nov
12

‘Growing the economy’

Just catching up now, back soon.

09
Nov
12

Heads Up: President Obama speaking on economy

White House live

I’ll be back later everyone ;-)




@barackobama

  • Hurricane season furloughs "could have a detrimental effect on everybody's public safety." Read more: OFA.BO/Sqr1pV #sequester 17 hours ago
  • Weekly Address: A rising, thriving middle class is the true engine of economic growth. OFA.BO/bCkeZm 20 hours ago
  • "It’s up to you and all the people across the country to tell the people in Washington, focus on getting stuff done."—President Obama 1 day ago

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