Posts Tagged ‘krugman



18
Jul
13

Rise and Shine

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First Lady Michelle Obama talks with children attending Camp Noah as they make trail mix at the McAlpine Park Recreation Center in Birmingham, Ala., July 18, 2012 (Photo by Chuck Kennedy)

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Presidential Daily Schedule (All Times Eastern)

11:25: The President delivers a statement on the Affordable Care Act

12:25: First Lady Michelle Obama, Rahm Emanuel and Amy Rule visit Urban Alliance Chicago

3:0: The President participates in an Ambassador Credentialing Ceremony (closed press)

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Steve Benen: Jobless claims show sharp improvement, reach three-month low

Last week’s report on initial unemployment claims was unexpectedly discouraging, making the good news this morning that more reassuring.

The number of people who applied for regular state unemployment-insurance benefits dropped 24,000 to 334,000 in the week that ended July 13, hitting the lowest level of new claims since early May, signaling a slower pace of layoffs, the U.S. Department of Labor reported Thursday. Economists polled by MarketWatch had expected initial claims to fall to 341,000 from an original estimate of 360,000 in the prior week. However, it’s difficult to precisely measure claims this month because of distortions from events such as annual auto plant shutdowns and the July 4 holiday, they said…. The four-week average of initial claims, a less volatile gauge, declined 5,250 to 346,000.

More here

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Philip Bump: Those of you who are old enough may remember a time when Barack Obama was plagued with scandal. “Scandal politics sweep Capitol Hill,” Politico yelped. The suffix “-gate” was added to various words. So what happened to the scandals? For the most part, they’ve been hollowed out. The scandal: Benghazi. What it was: The death of four Americans at a diplomatic (read: CIA) outpost in the Libyan city of Benghazi last September 11th bubbled for a while. The release of emails suggesting a cover-up kicked conspiracy theories into high gear.

How real it was in the first place: Not very. Current status: Last rites administered Those emails reported by ABC News were only part of the story. The White House released the full email chain, making it clear that the administration’s involvement in drafting a set of post-attack talking points wasn’t what opponents suggested. (We even declared the scandal dead the same week.)

More here

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President Barack Obama meets with senior advisors in the Oval Office before a phone call with President Vladimir Putin of Russia, July 18, 2012. Pictured, from left, are: Chris Mizelle, Director for Russia and Central Asia, NSS; National Security Advisor Tom Donilon; Chief of Staff Jack Lew; and Denis McDonough, Deputy National Security Advisor. (Official White House Photo by Pete Souza)

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Paul Krugman: Obamacare Is the Right’s Worst Nightmare

News from New York: it looks as if insurance premiums on the individual market are going to plunge thanks to Obamacare. This shouldn’t come as a surprise; in fact, the New York experience perfectly illustrates why Obamacare had to look the way it does. And it also illustrates why conservatives should be terrified about this legislation, as it takes effect. Americans may have had a lot of misgivings in advance, thanks to vast, deliberately spread misinformation. But I agree with Matt Yglesias — unless the GOP finds even more ways to sabotage the plan, this thing is going to work, it’s going to be extremely popular, and it’s going to wreak havoc with conservative ideology.

Conservatives are right to be hysterical about this: it’s an attack on everything they believe — and it’s going to make Americans’ lives better. What could be worse?

Full post here

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Abby Ohlheiser: House Republicans followed up on the Obama administration’s decision to delay the implementation of the employer mandate for one year by voting to make that decision a law, and to extend that delay to all individuals, too. It’s a more limited protest vote than what we’re used to seeing from the House GOP on Obamacare: There have been 38 legislative attempts to revoke either all or part of the health care reform law since 2011.

On Wednesday, both votes to delay passed easily: 264 – 161 for the employer mandate, and 251 – 174 for the individual mandate. They will not become law: President Obama would veto both bills if they made it to his desk.

More here

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Sen. Elizabeth Warren embraces Richard Cordray following a statement by President Barack Obama on Cordray’s confirmation as director of the Consumer Financial Protection Bureau, July 17

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Happy 95th Birthday Nelson Mandela!

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Continue reading ‘Rise and Shine’

07
Jun
13

Rise and Shine

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Today – all times EST:

11:50 AM: The President delivers a statement to reporters on the Affordable Care Act, Fairmont Hotel, San Jose

White House Live * C-Span * CBS

12:25: Departs San Jose

1:35: Arrives Los Angeles

3:0: Delivers remarks at a DNC Fundraiser, Private Residence, Santa Monica

5:05: Departs Los Angeles

5:55: Arrives Palm Springs

8:0: Participates in a photo opportunity with President Xi Jinping of China, at The Annenberg Retreat at Sunnylands, Rancho Mirage, California.

8:05: Holds a bilateral meeting with President Xi Jinping

11:0: Holds a working dinner with President Xi Jinping

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Steve Benen: … The U.S. economy added 175,000 jobs in May, slightly better than expected, though the overall unemployment rate inched higher to 7.6%. As is usually the case, there was a gap between the two major sectors – America’s private sector added 178,000 jobs last month, while spending cuts caused the public sector lose 3,000 jobs.

One key figure to keep in mind, however, was local-government hiring, where 13,000 jobs were created. We’ve grown accustomed to municipalities doing the opposite, and if this holds up (and continues), it will strengthen the overall job market…

More here

PS Loved this: “Do you folks remember the last time Steve Benen took a day off? Yeah, we had to go back and look, too. I’m happy to report that Steve is taking vacation today and tomorrow, Thursday and Friday.”

But…. “Steve says he’ll be escaping vacation at least long enough to post the new unemployment report – and his famous bikini graph – on Friday morning.”

Yes, he took a break from his two day vacation to post on the jobs’ figures. He’s a hoot.

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Must-read – although, Tomasky makes the mistake of suggesting the deranged hate only comes from the right:

Michael Tomasky: Nothing will stop Republicans from trying to turn the IRS scandal into Watergate. They simply despise Obama too much to settle for anything less ….. That’s all this is really about — their base’s rage at the continued existence of Barack Obama, and their own twisted craving to acknowledge and stoke it.

…. all that is to say nothing of the racist invective that is the constant background music of this presidency …. We in the media never discuss this, but it is a daily diet in this country — yes, daily — and nothing said about any president in history that I can think of comes close to matching its relentless and savage sickness.

…. The liberal base hated George Bush all right, but the hate wasn’t quite as existential, wasn’t quite as drenched in the same kind of suppurated derangement one finds in quarters of the right.

Besides which, Bush discredited himself through his uniform incompetence. Obama, clearly competent, has not done that and is unlikely to do it. So the Republicans have to do it to him. Tarnishing Obama is the only way they can emerge from these eight years not completely humiliated by him, so we’re just going to have to endure it.

Full post here

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Click here to see the rest of the post

31
May
13

Rise and Shine

@lacasablanca: Oval Office meeting: President Obama and @sr_simone of “Nuns on the Bus” discussed #ImmigrationReform

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Today:

10:20: The President delivers remarks on student loans (White House Live)

10:50: Meets with NATO Secretary General Anders Fogh Rasmussen

12:30: Press Briefing by Jay Carney

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Yep, how things have changed…..

Washington Post (March 2006): Off the Record, Bush Makes Media Inroads …. As he defends his Iraq policy with a public campaign of speeches and a recent news conference, President Bush also has been waging a private campaign that has included off-the-record sessions with White House reporters….

One gathering, which took place Thursday in the White House residence, was an unusual gesture by Bush, who has agreed to comparatively few lengthy exchanges with reporters during his five years in office….

Last week’s session involved reporters from several prominent broadcast and print outlets, including ABC News and The Washington Post. Under the off-the-record ground rules, the journalists were barred from reporting what was discussed. White House officials said they also hoped the meetings’ mere existence would remain under wraps….

More here

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Joe Conason (National Memo): …. The notion that Barack Obama is “Nixonian” – or that his administration’s recent troubles bear any resemblance to “Watergate” – is the biggest media lie since the phony “Whitewater scandal” crested during the Clinton presidency.

…. Only in a country afflicted with chronic historical amnesia could they issue such accusations without shame or embarrassment. Only under those circumstances could the Republicans continue their fitful fabrication of a “Democratic Watergate” without fear of being laughed off the stage….

…. But certain liberals in the media have fretted loudly over Obama’s “scandals,” too …..  is it all just trumped-up hysteria? To answer those questions, it helps to remember what Nixon and his gang actually did to America – and why they were driven out of Washington and, in many cases, sent to prison….

More here

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Steve Benen: Student loans reclaim center stage ….. President Obama will deliver remarks, flanked by college students, on a subject that too often goes overlooked: student loans. With a looming interest rate hike, the president will reportedly “call on Congress to help keep college affordable for middle-class families and students by preventing student loan interest rates from doubling on July 1.”

…. House Republicans say they’ve already passed a bill on this, which is true. They also say their bill is worthwhile and consistent with White House demands, which is not true…..

More here

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SmartyPants

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Yep, austerity works so well:

Bloomberg: Euro-area unemployment increased to a record in April after the currency bloc’s recession deepened in the first quarter, increasing pressure on its leaders and the European Central Bank to spur economic growth.

The euro-area jobless rate rose to 12.2 percent from 12.1 percent in March…. to 19.38 million in April, up 95,000 from the previous month. Youth unemployment was at 24.4 percent …. Spain had the highest rate at 26.8 percent. No April data were available for Greece, which had a 27 percent rate in February.

More here

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@WhiteHouse

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04
Mar
13

Rise and Shine

@VP: VP and @repjohnlewis join in the annual crossing of the Edmund Pettus Bridge in Selma, Alabama

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Today:

10:15: President Obama makes personnel announcements (White House live * C-Span)

10:15: VP Biden delivers remarks at the American-Israeli Public Affairs Committee (C-Span)

11:10: The First Lady joins her first ever Google+ Hangout (White House live)

12:0: Jay Carney briefs the press

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President Obama will announce Monday he has selected Gina McCarthy to head the Environmental Protection Agency and MIT physics professor Ernest Moniz to head the Energy Department …. the President is also scheduled to announce he has selected Walmart Foundation President Sylvia Mathews Burwell as head of the Office of Management and Budget.

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Michael Tomasky: Why does Bob Woodward get to lie — twice! — and still be Bob Woodward? And why is it that the Republicans can be so intransigent and Barack Obama gets blamed? Michael Tomasky explains.

Woodwardgate got me reflecting on the question of Washington morality. Now yes, that’s an oxymoron if ever there was one. But surely there is some set (however bizarre) of impulses and rules that lets Bob Woodward say what he said, and Politico promote it as if it were a feud between two soap opera stars, with both walking away essentially unharmed, as they likely will …..

More important than that, there must be a set of impulses and rules that observes what has been going on in this town for the last four years, with Republicans being the most obstructionist opposition in the country’s modern history, and yet somehow contrives to blame Barack Obama for the fact that our government can’t function…..

Full post here

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Paul Krugman: Ezra Klein mans up and admits he was wrong. He had written a piece suggesting that if only Republicans knew how much Obama has been willing to offer, they might be willing to make a deal. Jonathan Chait set him straight, informing him that no matter what Obama put on the table, Republicans would find a way to say that it’s not enough. And sure enough, a Twitter exchange lets Klein watch that process in real time, as a top Republican consultant, confronted with evidence that Obama has already conceded what he said was all that was needed, keeps adding more demands.

….. the centrist pundits keep demanding that Obama offer what he has already offered, and condemn both sides equally (or even place most of the blame on Obama) for the failure to reach a deal. Again, informing them of their error wouldn’t help; their whole shtick is about blaming both sides, and they will always invent some reason why Obama just isn’t doing it right.

Full post here

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Steve Benen: Watching House Speaker John Boehner on “Meet the Press” yesterday, it was hard not to wonder about the Republican leader’s frame of mind. Given the distance between reality and his rhetoric, one question hung over the interview: does Boehner actually believe his own talking points?

For example, the Speaker insisted, “[T]here’s no plan from Senate Democrats or the White House to replace the sequester.” Host David Gregory explained that the claim is “just not true”…..

More here

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Greg Sargent: Credit where credit is due: NBC’s David Gregory did a nice job pinning down John Boehner’s evasions and falsehoods during a lengthy interview on Meet the Press yesterday.  Gregory called out Boehner for falsely claiming Dems have no plan to reduce the deficit. And Gregory didn’t let Boehner get away with suggesting Dems haven’t gotten serious about spending cuts, confronting the Speaker with the fact that they agreed to deep cuts in 2011.

But there’s still one question that I’d like to see posed to Boehner and every GOP lawmaker. It’s this: Is there any ratio of entitlement cuts to new revenues that Republicans could support, and if so, what is that ratio?

More here

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LA Times: OK, so Congress hasn’t managed to pass a budget, fix the tax code or avert the automatic spending cuts of the dreaded “sequester.”

Are they getting anything done on Capitol Hill? Yes, and you’ll probably be surprised to hear where progress is being made: gun control.

…. there is a good chance that Congress will do two things: strengthen the system of background checks on gun buyers and toughen the penalties for illegal gun trafficking. In practical terms, those measures are probably more important than an assault-weapons ban, which wouldn’t affect the millions of military-style guns already in circulation……

If Congress acts on background checks and gun trafficking but fails to pass a ban on assault weapons or ammunition clips, liberals will be disappointed. But President Obama will declare it a victory — and he’ll be right.

Full article here

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Addicting Info: House Republicans Give Themselves 239 Days Off, Average American Worker Only Gets 12

… even as House Republicans portray the average American as lazy bottom feeders sucking off the government teat, they have given themselves an astonishing 239 days off this year. That means they will only work 126 days during a year when the nation has a multitude of issues to deal with.

Full post here

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Washington Post: In Florida, President Obama has nominated the first openly gay black man to sit on a federal district court. In New York, he has nominated the first Asian American lesbian. And his pick for the U.S. Court of Appeals for the D.C. Circuit? The first South Asian.

Reelected with strong support from women, ethnic minorities and gays, Obama is moving quickly to change the face of the federal judiciary by the end of his second term, setting the stage for another series of drawn-out confrontations with Republicans in Congress.

More here

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MoooOOOOooorning!

01
Mar
13

Rise and Shine

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Today:

10:05: President Obama hosts the bipartisan, bicameral leadership of Congress at the White House; VP Biden also attends.

11:30: Jay Carney briefs the press

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AP: The White House says automatic spending reductions set to kick in will be put off until as close to midnight Friday as possible.

The law, passed by Congress on Jan. 2 simply says that “on March 1, 2013, the president shall order a sequestration for fiscal year 2013.” That’s budget talk for an $85 billion reduction in defense and domestic spending between now and Oct. 1.

Obama can issue that order at any point in the day.

And White House press secretary Jay Carney says that means midnight, Friday – or as close to midnight as possible: 11:59 p.m. and 59 seconds.

Because, Carney says, Obama remains “ever hopeful.”

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See here – thanks Desertflower

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And this is what the GOP is trying to destroy, the economic recovery:

Bloomberg: Manufacturing in the U.S. expanded at a faster pace than forecast in February, reaching the highest level since June 2011 as factories boosted production to meet greater demand.

…. The figures exceeded the most optimistic forecast in a Bloomberg survey in which the median projection was 52.5. A reading greater than 50 signals expansion.

…. Orders expanded the most in almost two years, the report showed, as manufacturers such as Applied Materials Inc. (AMAT) emerged from an industry setback in the second half of 2012….

More here

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Zing:

Paul Krugman: So, after reading the Bob Woodward saga of the alleged “threat” from Gene Sperling, the White House supereconwonk, I went through my own correspondence with Gene, and couldn’t find anything threatening – although I guess you could read his injunction, at one point, to “take care” in an ominous tone of voice.

Hey, don’t I rate some proper intimidation?

But then, Woodward’s story is looking supremely silly too. Can Robert Redford unportray him, or star in a sequel titled “All the president’s crybabies”?

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@noamscheiber

It’s mighty interesting reading Scheiber’s review now -

Noam Scheiber (October 2012): …. I didn’t find Woodward’s book unusually tedious. In fact, I learned a lot from it. What I found it to be was remarkably slanted.

…. it is relentlessly biased against the president. Woodward argues that the White House and Congress failed to reach a major deficit-reduction deal last summer because Obama didn’t provide the necessary leadership, even though this thesis is untethered from Woodward’s own reporting, to say nothing of reality.

But, in another sense, the book is perfectly in sync with Woodward’s oeuvre. There is a body of respectable Washington opinion that considers Obama unworthy of the presidency: he hadn’t put in his time before running, didn’t grasp the majesty of the office, evinced no respect for the way things were done. He not only won without courting the city’s elders, he had the bad manners to keep his distance even after winning. This is the view Woodward distills.

Woodward telegraphs his contempt from the get-go…..

Full review here

I reckon this line says it all: “There is a body of respectable Washington opinion that considers Obama unworthy of the presidency…..”

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ThinkProgress: Bob Woodward appeared on Fox News’ Hannity on Thursday to complain about Gene Sperling’s email…. During his interview with Sean Hannity, Woodward claimed that he had been “roughed up” by Sperling and agreed with the host’s characterization of the Washington journalists as liberals who are disinterested in challenging the president with Bill Ayers, an education advocate who was part of the group the Weather Underground:

HANNITY: The fact that the president …. wasn’t asked about his association with Bill Ayers was troublesome to me, I think we’ve got a media that’s not as critical as perhaps it once was in, for example, the days of Watergate.

WOODWARD: Well, I agree with that. We need to be very aggressive and it’s one of the judges that said democracies die in darkness and I really think that’s true.

More here

Oh boy.

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Do not miss Charles Pierce

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New Republic

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Todd Purdum (Vanity Fair – Feb 21): With drastic government spending cuts due to kick in, the top job at the Pentagon still vacant, and Congress conveniently out of town for its Presidents’ Day recess, the White House press corps has paused this week to bemoan not the state of the republic but of itself.

…. as a class, they are the world’s biggest whiners. I know because I was once one of them, and a first-class whiner myself. I don’t think their argument holds water. The modern presidency is so sprawling and complex that the reporters best equipped to cover it are the experts in various fields, from defense to transportation, to agriculture, to health care….

What the White House reporters are good at is “gotcha,” at catching a president’s inconsistencies, slipups, and animadversions—at stirring the pot and producing a sharp headline, however fleeting. When The New York Times can ask Obama (with a theoretically straight face) whether he is a “socialist,” then anything can happen. Is it any wonder that he has not given the paper an interview since 2010? What president would? ….

Full article here

Thanks Lovely Plains

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MoooOOOooorning!




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