Posts Tagged ‘financial

16
Sep
13

Rise and Shine

Four Years Ago Today: President Obama uses a light saber during a demonstration of fencing with Tim Morehouse who won a silver medal in Men’s Saber Fencing at the Beijing Olympics, part of the U.S. Olympians youth sporting event on the South Lawn of the White House

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Today (all times Eastern):

11:40: President Obama delivers remarks to mark the five-year anniversary of the financial crisis

12:30: Jay Carney briefs the press

7:0: President Obama delivers remarks at Música Latina: In Performance at the White House; First Lady Michelle Obama also attends. The performance will be held in the East Room and will be live streamed at White House Live. More here

See ‘The Week Ahead’ here

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USA Today: Obama to speak on 5th anniversary of financial crisis

President Obama will deliver a speech Monday on the fifth anniversary of the event that helped elect him back in 2008: The financial crisis. Obama “will be joined on-stage and in the audience by people that have benefited from his economic recovery proposals over the last five years,” the White House said in a statement, “including small business owners, construction workers, homeowners, consumers and tax cut recipients.”

Obama will use the speech to kick off a week of events devoted to the economy and budget issues.

…. A Tuesday interview on the Spanish language television network Telemundo gives Obama a chance to talk about another major domestic issue, immigration. Budget issues are likely to dominate a Wednesday speech to the Business Roundtable. And Obama is likely to emphasize the auto bailout when he travels Friday to a Ford plant in the Kansas City area.

Full post here

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Your Morning Must-Read:

The People’s View: Ezra Klein’s Concern Trolling on Obama and the Federal Reserve

As soon as news hit the wires that Larry Summers has withdrawn his name from consideration for chair of the Federal Reserve, the media went on a full-spin mode, likely embarrassed that just Friday, they were pimping a Japanese newspaper report trumpeting Summers as the chosen one. Ezra Klein, who’d been part of the media build-up toward that ‘inevitability,’ if along with his opposition to it.

This is where a little Obama Derangement Syndrome seeped in. Ezra, along with his peers in the beltway media – dude, get out a little from you Post office and the MSNBC studios; it’ll do you some good – wasn’t just convinced that Summers would be a bad choice, but that Obama would pick him just to take pleasure in some hippie-punching, i.e. just to piss off establishment media liberals like Klein.

More here

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She’s an Arsenal fan, so she has a dark side, but @DCPlod cracks me up:

…. and so does this fella:

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Had a good chuckle at these two headlines at Business Insider – here we go again: damned if he does, damned if he doesn’t. Yawn:

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TPM: Biden: ‘The Tail Is Wagging The Dog’ In Today’s GOP

Vice President Joe Biden warned donors and activists of a fundamental shift in the Republican party at an Iowa fundraiser Sunday, calling today’s GOP a “different breed of cat” and taking a shot at the leadership of Sen. Ted Cruz (R-TX).

“This is not your father’s Republican Party,” he told a crowd just before Sen. Tom Harkin’s (D) annual steak fry, according to a pool report. “We’re dealing with a different breed of cat as my uncle used to say. These guys aren’t bad. I’m not making moral judgments, but they have a fundamentally different view of America than we do – a fundamentally different view.”

More here

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Bob Cesca: The Goalpost for Success Was the Disarmament of Syria’s WMD, So the U.S. Won an Historic Victory

Saturday marked an historic event future generations will read about in books. Over the weekend, Russia and the United States reached an accord over the question of the Syrian government’s stockpiles of chemical weapons, most recently used against civilians late last month.

Whether the United States “won” depends entirely upon your definition of victory. Personally, I define victory in terms of the stated goal of the administration’s actions of the past three weeks: to destroy Syria’s chemical weapons to prevent another attack on Syrian civilians.

More here

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Michael Tomasky: The Right’s Sickening Syria Spin

If Obama persuaded Assad to step down and move to Siberia, the critics would still find something to whine about. Michael Tomasky deflates the arguments against the new arms deal.

I don’t know about you, but I’m not very interested in being lectured that Bashar al-Assad has no real intention of giving up his chemical weapons by the very same people who a decade ago were pushing this country into war — and having the deranged gall to call the rest of us unpatriotic — on the argument that there was no possible way a monster like Saddam Hussein had given up his chemical weapons. Barack Obama has been forced to spend about 70 percent of his presidential energies trying to repair crises foreign and domestic that these people created, and forced to do so against their iron opposition on all fronts; and now that he’s achieved a diplomatic breakthrough, they have the audacity to argue that he sold America out to Vladimir Putin? It’s staggering and sickening.

More here

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Steve Benen: The right struggles to hide its disappointment with diplomatic progress

A couple of years ago, after the United States and its allies used military force to help remove the Gadhafi’s government from Libya, Sens. John McCain and Lindsey Graham issued one of my favorite Republican press releases ever. The two senators, who had eagerly spent months touting U.S. military action in Libya, issued a joint statement commending the “British, French, and other allies, as well as our Arab partners, especially Qatar and the UAE.”

McCain and Graham eventually said Americans can be “proud of the role our country” played, but they nevertheless condemned the Obama administration’s “failure” to act in Libya the way the GOP senators preferred.

It was striking at the time for its bitterness – the United States had achieved its strategic goals, but instead of celebrating or applauding Obama’s success, Republicans pouted and whined.

It’s funny how history sometimes repeats itself….

More here

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Science Insider: U.S. Science Laureate Bill Hits Roadblock

Climate science skeptics have derailed a congressional proposal to create the honorary position of U.S. science laureate. But proponents haven’t abandoned the idea of giving someone a national platform to foster public understanding of science and serve as a role model.

….. the U.S. House of Representatives was expected to give swift approval to a bill introduced this spring by a bipartisan coalition of legislators in both the House and the Senate….

The bill was never discussed in any committee, however, and Larry Hart of the American Conservative Union hit the roof when he saw it on the House calendar for the next day. In a letter to other conservative organizations and every House member, Hart said the bill would give President Barack Obama the opportunity to appoint someone “who will share his view that science should serve political ends, on such issues as climate change and regulation of greenhouse gases.”….

More here

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Thanks again to UT for letting us know about this blog yesterday (and this great post):

Now added to the blogroll here, if you ever need the link – you can follow Jim here on Twitter.

If you can think of any other smart liberal blogs to add to the blogroll, let me know!

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Smartypants: A Both/And Leader in an Either/Or World

For the record, I don’t think President Obama has any magical powers, or that he plays 11th dimensional chess, or that he bluffs, or that he’s merely lucky. What I do think is that he develops his North Star, takes the long view, and enters negotiations from the standpoint of finding both/and solutions (partnerships) rather than engage in the power games of either/or (dominance).

Several people are pointing to a fascinating blog post by Jim Stuart where he talks about President Obama being an integral leader. If you haven’t already read it, please do so!

More here

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Still can’t get over this tweet from the account of the President of Iran, amazing:

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On This Day:

President Obama and First Lady Michelle Obama watch Olympian Ryan Reser, in white, and Paralympian Myles Porter during a judo demonstration, part of the U.S. Olympians youth sporting event on the South Lawn of the White House, Sept. 16, 2009 (Photo by Pete Souza)

….. watching a balance beam demonstration hosted by gymnast Dominique Dawes, far left, on the South Lawn of the White House, Sept. 16, 2009. Also pictured are Senior Advisor Valerie Jarrett (second from left) and former Olympic athlete Jackie Joyner Kersee (in white shirt) (Pete Souza)

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President Obama fist-bumps VP Biden, as Senior Advisor Valerie Jarrett looks on, before a meeting in the Oval Office, Sept. 16, 2010 (Pete Souza)

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President Obama, First Lady Michelle Obama, and Speaker of the House Nancy Pelosi arrive for the Congressional Hispanic Caucus Institute’s 32nd Annual Awards Gala dinner in Washington, D.C., on Sept. 16, 2009 (Pete Souza)

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President Obama waits in his limousine after the motorcade arrived at Westchester County Airport, N.Y., on a rainy night, Sept. 16, 2010 (Pete Souza)

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MooooOOOOoooorning, Happy Monday!

A gentle reminder: when you’re quoting posts from other blogs/sites in the comments, please only include a short extract followed by the link. Thank yoooOOOooou!

17
Jul
13

News Of The Day

BPYgiMiCcAAOkHu

@VP: PHOTO:VP swears in Richard Cordray as the Director of the @CFPB this morning in his WW office w/ @Sebelius (WH Photo)

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Haha…Losers McLoserville are coming together to get egg on their faces again. 2012 redux!

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Here comes the GOP with some batcrap crazy immigration reform “compromise” and I use the term loosely. These people are horrible.

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Continue reading ‘News Of The Day’

17
Jul
13

Heads Up: President’s statement on Richard Cordray

10:50 AM EDT: President Obama Makes a Statement on the Confirmation of Richard Cordray as the Director of the Consumer Financial Protection Bureau

White House live * CBS * C-Span

17
Jul
13

Rise and Shine

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Today (all times Eastern)

10:50: The President delivers a statement on the confirmation of Richard Cordray as the Director of the Consumer Financial Protection Bureau

12:45: Press Briefing by Jay Carney

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NYT: Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, state officials are to announce on Wednesday.

State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.

Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.

“Health insurance has suddenly become affordable in New York,” said Elisabeth Benjamin, vice president for health initiatives with the Community Service Society of New York. “It’s not bargain-basement prices, but we’re going from Bergdorf’s to Filene’s here.”

“The extraordinary decline in New York’s insurance rates for individual consumers demonstrates the profound promise of the Affordable Care Act,” she added.

More here

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AG Eric Holder: “So Trayvon’s death last spring caused me to sit down to have a conversation with my own 15-year-old son, like my dad did with me. This was a father-son tradition I hoped would not need to be handed down. But as a father who loves his son and who is more knowing in the ways of the world, I had to do this to protect my boy. I am his father, and it is my responsibility, not to burden him with the baggage of eras long gone, but to make him aware of the world that he must still confront. This is a sad reality in a nation that is changing for the better in so many ways.”

Full NAACP speech from yesterday (transcript here):

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Michael Tomasky: Reid Crushes McConnell

…. Harry Reid and Mitch McConnell struck a deal, abetted apparently by John McCain, that averted the invocation of the nuclear option by Reid and the Democrats. Reid got just about everything he wanted. The Senate is going to pass through all seven nominees that Reid brought up in this skirmish….

…. About as clear a win for one party over another as we’ve seen in a long time. Why did it happen? Because everyone in the room knew that the Democrats had the 51 votes to change the rules. Stand together or fall apart, as the old cliche goes. It’s true. It’s still pathetic that it had to come to this for the president to fill his cabinet (and sub-cabinet), but it goes to show that holding the line as a group works.

Full post here

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Steve Benen: …. Will what transpired in the Senate yesterday actually, you know, matter? …. The cautious answer is that it’s evidence of incremental progress, the results of which will have a real-world impact on the lives of real people.

The Consumer Financial Protection Bureau, for example, looks out for consumers against predatory excesses from the financial industry. As Sen. Elizabeth Warren told Chris Hayes last night, in light of yesterday’s deal and Richard Cordray’s confirmation, “We know this agency is here to stay. No more clouds over what it legally is entitled to do. No more attacks that say maybe we’re going to be able to undercut it in this way or weaken it in that way. We’ve got a full-fledged watchdog. The one we fought for, and [Cordray] is going to be there to fight for us.”

…. I’ve heard plenty of criticisms of yesterday’s agreement, and detractors have raised fair concerns … But in today’s environment, incremental progress is still progress, and there’s ample reason to believe yesterday’s deal moves the ball forward.

Full post here

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McClatchy: Congress revisits Voting Rights Act

Congress is taking the first steps toward bringing back pre-clearance of voting laws under the Voting Rights Act this week, as activists express tempered optimism in lawmakers’ willingness and ability to act.

The U.S. Supreme Court last month tossed out the Voting Rights Act’s formula that determined which jurisdictions must submit their voting law changes to the federal government before enacting them. The 5-4 ruling did not get rid of pre-clearance altogether but said Congress must come up with an updated standard to enforce it rather than the 1965 version that covered Georgia and other Deep South states with a history of overt discrimination.

The Senate Judiciary Committee will kick off the congressional response with a hearing Wednesday featuring Congress’ civil rights conscience: Atlanta Democratic U.S. Rep. John Lewis.

More here

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Michael Tomasky: …. the narrative about the IRS targeting Obama’s enemies has been thoroughly debunked….

The IRS “scandal,” lately dormant, is returning soon to cable-news channel near you: Tomorrow, Russell George, the Treasury Department inspector general who produced the original report at Darrell Issa’s request, is going back before Issa’s committee, and this time he’s in for some pretty serious grilling from Democrats. The evidence is now even more preponderant than it already was that there was absolutely no political agenda in the IRS’s review of 501(c)(4) applications. In fact, evidence is mounting that if anyone was behaving politically here, it was George — and, of course, Issa and the other Republicans who launched into their baseless tirades about “enemies lists” and other such nonsense.

…. what about the mainstream media that swallowed whole from the Republican-conservative spoon, running huge headlines and ominous editorials, all those breathy stories that got nearly half the American public believing, on the basis of zero hard evidence, that the White House was involved here? It’s not in the nature of the beast to run huge headlines saying “No Scandal Here.” But it should be in the beast’s nature to take a much harder look at Issa, George, and the other perpetuators of this non-story. And it should start tomorrow, when George testifies.

Full post here

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Reuters: President Barack Obama on Tuesday for the first time admitted that it was unlikely that the Republican-led House of Representatives would pass sweeping immigration reforms before lawmakers left Washington for a month-long break in August.

In television interviews taped with four Spanish-language newscasts, Obama said he thinks many Republicans need more time to grapple with concerns about border security and the changing demographics of America.

…. Obama has insisted that reforms must include the path to citizenship for undocumented immigrants. “It does not make sense to me, if we’re going to make this once-in-a-generation effort to finally fix the system, to leave the status of 11 million people or so unresolved,” he told Telemundo’s Denver affiliate.

Many House Republicans oppose that measure, calling it “amnesty” for people who have broken existing immigration laws. But Obama said ignoring the problem would resign undocumented immigrants to “a lower status.” “I think that’s not who we are as Americans,” he said.

More here

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Wendy Davis and San Antonio mayor Julián Castro (left) and his twin brother, Congressman Joaquín Castro, in Austin on July 7, 2013

Texas Monthly: The Life and Death (and Life?) of the Party

Democrats once ruled Texas. Then came five decades of steady decline. Can Wendy Davis, the Castro brothers, and Team Obama’s vaunted field operation return their party to power? And if they can’t, can anyone?

“Somebody has to step up,” Wendy Davis observed one evening in late May over drinks at the bar of the Four Seasons Hotel in Austin. “As long as the Democrats continue to buy into the same bullshit that some of the Republicans are saying — ‘Oh no, it’s Texas, it’s hopeless’ — and continue to act like it won’t happen for six, eight, twelve, sixteen years from now, that perpetuates the problem.”

“So are you going to run for statewide office?” I asked.

Her green eyes sparkled. “One day, someday,” she said coyly.

One day, someday, about a month later, on the morning of June 25, the petite fifty-year-old Democratic state senator from Fort Worth fixed herself a single boiled egg for breakfast. It would be her only meal of the day. She slipped on a pair of pink tennis shoes, headed over to the Capitol, and stepped up……

More here

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President Obama hosted members of the Delta Sigma Theta sorority at the White House on Tuesday as the group gather in Washington for their annual convention. The Oval Office meeting marked the 100th anniversary of the African-American sorority and the 51st anniversary of its convention. Obama met with members including the sorority’s president, Cynthia Butler-McIntyre.

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@petesouza: Pres Obama with make-a-wish visitor Suhail Zaveri, 14, and his family in the Oval Office

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CBS: Cuban and U.S. officials will hold the first migration talks between the two nations since 2011 in Washington on Wednesday. Analysts believe both countries have a strong interest in getting them off the ground again.

…. The Bush Administration broke off these twice-yearly talks, along with taking other measures such as severely restricting the rights of Cuban Americans to travel back to the island – limiting them to only one visit every three years.

President Obama reestablished the rights of Cuban Americans to visit their homeland as much as they want and resumed the talks, only to break them off over the detention and jailing of U.S. contractor Alan Gross, which the State Department has repeatedly said remains a major obstacle to any improvement in relations between the two neighboring countries.

More here

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Morning!




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