Posts Tagged ‘krugman



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!

16
Feb
13

Rise and Shine

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The President will remain in Palm City, Florida through Monday, Feb 18. No public events are scheduled

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President Obama greets supporters after arriving at West Palm Beach International Airport, Feb. 15

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Paul Krugman: It looks as if President Obama has successfully set a political trap over the minimum wage. Raising the minimum is very popular — even a narrow majority of Republicans are for it. But Republican leaders are opposed. And they’d like people to believe that their opposition is driven by sincere concern for workers who might lose their jobs.

Well, this isn’t likely to work…..

….. Maybe once upon a time, when Republicans were less intellectually inbred, they could have pulled off the stunt of seeming to care about the people supposedly hurt by a higher minimum wage. But I really don’t think they’re up to it at this point.

Full post here

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Love this:

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11
Feb
13

Rise and Shine

A year ago: A child reaches out to First Lady Michelle Obama prior to a Faith and Community Groups Leading the Way event at Northland, A Church Distributed, in Longwood, Fla., Feb. 11, 2012 (Photo by Chuck Kennedy)

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Today:

12:30: VP Biden holds a roundtable discussion on gun safety with law enforcement officials in Philadelphia

1:45: President Obama will present Clint Romesha with the Medal of Honor at a White House ceremony

2:0: Senate lawmakers will debate and vote on re-authorizing the Violence Against Women Act

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On Thursday at 4:30 ET: “Fireside Hangout” with President Obama

See more here

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23 years ago today, Nelson Mandela was released from prison having been locked up for 27 years by a racist state

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NYT: President Obama will use his State of the Union speech to reinvigorate one of his signature national security objectives – drastically reducing nuclear arsenals around the world – after securing agreement in recent months with the United States military that the American nuclear force can be cut in size by roughly a third.

…… White House officials are looking at a cut that would take the arsenal of deployed weapons to just above 1,000. Currently there are about 1,700, and the new strategic arms reduction treaty with Russia that passed the Senate at the end of 2009 calls for a limit of roughly 1,550 by 2018.

But Mr. Obama, according to an official who was involved in the deliberations, “believes that we can make pretty radical reductions – and save a lot of money – without compromising American security in the second term. And the Joint Chiefs have signed off on that concept.”

More here

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Washington Post: President Obama is considering a series of new executive actions aimed at working around a recalcitrant Congress, including policies that could allow struggling homeowners to refinance their mortgages, provide new protections for gays and lesbians, make buildings more energy-efficient and toughen regulations for coal-fired power plants, according to people outside the White House involved in discussions on the issues.

More here

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TPM: The Senate is poised to pass the Violence Against Women Act reauthorization early this week, with a final vote expected Monday afternoon or Tuesday.

…. Despite the unusually large Senate consensus, there has been no perceptible movement among House Republican leaders since they passed a scaled-back version of VAWA on a party-line vote last year, rejecting the Senate legislation.

In an exchange on the floor Wednesday, House Minority Whip Steny Hoyer (D-MD) needled Majority Leader Eric Cantor (R-VA) on VAWA….. Cantor responded that it’s a “priority” for Republicans to “move and act on this bill”….

…. By the end of the week, House Republican leaders had no progress to speak of. “Silence,” said a senior House Democratic aide.

More here

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NYT Editorial: If you’d like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months:

* It called a halt to predatory practices by mortgage lenders, ensuring that borrowers are not saddled with loans they can’t afford and preventing brokers from earning higher commissions for higher interest rates.

* It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.

* It opened an investigation into questionable marketing practices by banks and credit card companies on college campuses, which often take place after undisclosed financial arrangements are made with universities….

More here

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Paul Krugman: Last week Eric Cantor, the House majority leader, gave what his office told us would be a major policy speech. And we should be grateful for the heads-up about the speech’s majorness. Otherwise, a read of the speech might have suggested that he was offering nothing more than a meager, warmed-over selection of stale ideas.

To be sure, Mr. Cantor tried to sound interested in serious policy discussion. But he didn’t succeed – and that was no accident. For these days his party dislikes the whole idea of applying critical thinking and evidence to policy questions. And no, that’s not a caricature: Last year the Texas G.O.P. explicitly condemned efforts to teach “critical thinking skills,” because, it said, such efforts “have the purpose of challenging the student’s fixed beliefs and undermining parental authority.”

More here

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NYT: (Missoula, Mont) This funky college town …. has long been a liberal pocket, an isolated speck of blue in a deeply red state. Now Montana is electing more politicians who lean that way, thanks to a different-minded generation of young voters animated by the recession and social issues.

…. these students, and dozens of other young people interviewed here last week, give voice to a trend that is surprising pollsters and jangling the nerves of Republicans. On a central philosophical question of the day – the size and scope of the federal government – a clear majority of young people embraces President Obama’s notion that it can be a constructive force….

…. Here in Montana, a state that backed John McCain in 2008 and Mr. Romney last year, voters under 30 have helped elect two Democratic senators and a new Democratic governor. Nationally, young voters have since 2004 been casting their ballots for Democrats by far wider margins than previous young generations – a shift that could reshape American politics for decades.

More here

Later in the article, the GOP response to young voters in Montanta helping elect Gov Steve Bullock and re-elect Sen Jon Tester (“Both times, polls stayed open hours past their official closing time to accommodate huge lines of students. Both times, Forward Montana ran huge voter registration drives”)?

They are “now trying to undo a Montana law that permits voters to register on Election Day”.

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ThinkProgress: Cleopatra Pendleton, mother of slain Chicago teen Hadiya Pendleton, will be Michelle Obama’s guest at the State of the Union on Tuesday.

More here

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Share the ad through Americans for Responsible Solutions

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NYT: Gabrielle Giffords looked slightly stricken as she considered the question: Would she feel bad about starring in a political advertisement against her former House colleagues who declined to stand with her on guns? “Yes,” she said, it would be painful.

“Sometimes you have to do things that are hard,” said Mark E. Kelly, Ms. Giffords’s husband, as she tucked herself close to him on their couch. Ms. Giffords nodded, as she often does when Mr. Kelly — as he often does — intuits the many thoughts she is still unable to express fully. “Really hard,” she added.

Ms. Giffords, a former Democratic congresswoman from Arizona, a gun owner, an astronaut’s wife, a shooting survivor and an incipient gun-control advocate, is settling into the third act of her public life.

More here

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@BarackObama

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ThinkProgress: The NRA is a big spender when it comes to lobbying and campaigns. ThinkProgress investigated the NRA’s contributions to Members of Congress and — lo and behold — the most heavily NRA-backed congressman are leading the charge against new gun violence prevention measures.

See here

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De naaaaaaaaa:

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MoooOOOooOOOoorning!

04
Feb
13

Rise and Shine

Three years ago today: A bronze bust of Dr. Martin Luther King, Jr. is visible in the foreground as President Obama meets with senior advisors in the Oval Office, Feb. 4, 2010 (Photo by Pete Souza)

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Today (All times EST):

10:15: President Obama departs the White House

11:15: VP Biden and Dr Jill Biden arrive in London

1:00: President Obama arrives in Minneapolis

1:30 Participates in a discussion with local leaders and law enforcement officials (Pool spray at the top)

2:30 Delivers remarks on a comprehensive set of ideas to reduce gun violence (Live coverage)

3:35 Departs Minneapolis, Minnesota

5:45 Arrives Joint Base Andrews

6:0 Arrives the White House

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The week ahead:

Tuesday: The President will attend meetings at the White House

Wednesday: Attends the Democratic Senate Caucus Retreat in Annapolis, Maryland

Thursday: Delivers remarks at the National Prayer Breakfast. In the afternoon, the President will travel to Leesburg, VA to deliver remarks at the House Democratic Issues Conference

Friday: Attends meetings at the White House

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Steve Benen: Last night, if you were watching the Super Bowl you saw a rather powerful ad on gun policy  …. The spot, sponsored by Mayors Against Illegal Guns, urges policymakers to approve a universal background check, and features “America, the Beautiful” against the backdrop of young children.

About 12 hours earlier, Americans could see theNRA’s Wayne LaPierre on “Fox News Sunday,” making a very different kind of argument: “I make the same thing during the campaign, when he said to people I will not take away your rifle, shotgun, handgun. They leafletted the country with flyers like this, ‘Obama is not going to take your gun, Obama is going to protect gun rights.’ And, now, he’s trying to take away all three.”

…..  therein lies the problem: the policy debate has become increasingly strained because one of the most influential lobbying groups in Washington relies on arguments based on evidence the organization has simply made up…..

Full post here

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Josh Marshall (TPM): I just found out that last September the NRA published an official list of gun enemies including the ADA, AMA, ADL, Mel Brooks, Chaka Khan and hundreds of other domestic gun enemies…..

The following organizations have lent monetary, grassroots or some other type of direct support to anti-gun organizations. In many instances, these organizations lent their name in support of specific campaigns to pass anti-gun legislation such as the March 1995 HCI “Campaign to Protect Sane Gun Laws.” Many of these organizations were listed as “Campaign Partners,” for having pledged to fight any efforts to repeal the Brady Act and the Clinton “assault weapons” ban. All have officially endorsed anti-gun positions.

More here

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Michael Tomasky: The Strangest NRA Story Yet – The fact that the NRA was keeping a list of its foes isn’t all that bizarre. But the list itself is positively loony — yet more evidence of just how nuts the NRA is

One of the sure markers of the paranoid mind is the urge to keep lists. In particular, lists of enemies, subversives, no-goodniks ….  It virtually goes without saying that the keepers of such lists are always the bullies who survive by fomenting hatred and making sure that their constituents stay in a state of constant agitation. And so it was no surprise to learn over the weekend that the NRA has a little list of 497 people and organizations who are in some way, shape, or form anti-gun. It makes for hilarious reading, although it’s sort of frightening to think about the demented minds of the people who assembled it.

More here

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Paul Krugman: ….. There was, however, one piece of the reform that was a shining example of how to do it right: the creation of a Consumer Financial Protection Bureau, a stand-alone agency with its own funding, charged with protecting consumers against financial fraud and abuse. And sure enough, Senate Republicans are going all out in an attempt to kill that bureau.

….. Right now, all the media focus is on the obvious hot issues — immigration, guns, the sequester, and so on. But let’s try not to let this one fall through the cracks: just four years after runaway bankers brought the world economy to its knees, Senate Republicans are using every means at their disposal, violating all the usual norms of politics in the process, in an attempt to give the bankers a chance to do it all over again.

Full article here

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Steve Benen: Long-time viewers of The Rachel Maddow Show may recall the “Geek Week” segments aired in May 2010, which included an interview with Energy Secretary Steven Chu. (The segment also noted why At Least I Am A Nerd.com still redirects to the show’s video player.)

Nearly three years later, we’ve learned that Chu, a Nobel Prize-winning physicist, will leave his post in President Obama’s second term, stepping down from the Department of Energy later this month. With this in mind, it’s worth pausing to appreciate the significance of Chu’s first-term efforts, which haven’t generated front-page news, but which carry extraordinary significance…..

More here

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Morning!

14
Dec
12

Rise and Shine

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Today:

12:15: President Obama signs H.R. 6156 (see here)

12:30: Jay Carney briefs the press

2:15: Michelle Obama visits the Children’s National Medical Center in Washington, D.C.

3:30: President Obama meets with Ambassador Susan Rice

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Susan Rice (Washington Post): On Thursday I asked that President Obama no longer consider me for the job of secretary of state. I made this decision because it is the right step for this country I love. I have never shied away from a fight for a cause I believe in. But, as it became clear that my potential nomination would spark an enduring partisan battle, I concluded that it would be wrong to allow this debate to continue distracting from urgent national priorities — creating jobs, growing our economy, addressing our deficit, reforming our immigration system and protecting our national security.

These are the issues that deserve our focus, not a controversy about me….

Full piece here

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Jonathan Bernstein: Don’t jump to conclusions about Susan Rice …. I’d caution everyone to wait a bit before drawing any firm conclusions about what happened here. We don’t know she was Barack Obama’s first choice. We don’t know, if she was the top choice, why she didn’t wind up the pick…..

…. We’ll hear those claims the loudest from whoever has the loudest megaphone (and the Republican partisan press is an awfully loud megaphone). Doesn’t make it more likely that those who take credit the loudest were those responsible. If anyone was responsible.

….. All that said: if Obama backed off of Rice purely because he was afraid of a fight with Republicans, it’s probably a poor choice… although it depends, a bit, on whether he had counted the votes and knew she couldn’t get confirmed, as opposed to simply wanting to avoid a messy but successful confirmation.

More here

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ABC: President Obama says recreational users of marijuana in states that have legalized the substance should not be a “top priority” of federal law enforcement officials prosecuting the war on drugs.

“We’ve got bigger fish to fry,” Obama said of pot users in Colorado and Washington during an exclusive interview with ABC News’ Barbara Walters.

“It would not make sense for us to see a top priority as going after recreational users in states that have determined that it’s legal,” he said, invoking the same approach taken toward users of medicinal marijuana in 18 states where it’s legal.

More of Barbara Walters’ exclusive first joint, post-election interview with President Obama and first lady Michelle Obama airs tonight on “20/20″ at 10 p.m. ET on ABC stations.

More here

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President Barack Obama meets with senior advisors in the Oval Office, Dec. 13, 2012. Pictured, clockwise from the President, are: Senior Advisor Valerie Jarrett; Pete Rouse, Counselor to the President; Senior Advisor David Plouffe; Rob Nabors, Assistant to the President for Legislative Affairs; Chief of Staff Jack Lew; and Director of Communications Dan Pfeiffer. (Official White House Photo by Pete Souza)

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From Cagle

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Paul Krugman: We are not having a debt crisis.

It’s important to make this point, because I keep seeing articles about the “fiscal cliff” that do, in fact, describe it — often in the headline — as a debt crisis. But it isn’t. The U.S. government is having no trouble borrowing to cover its deficit. In fact, its borrowing costs are near historic lows. And even the confrontation over the debt ceiling that looms a few months from now if we do somehow manage to avoid going over the fiscal cliff isn’t really about debt.

No, what we’re having is a political crisis, born of the fact that one of our two great political parties has reached the end of a 30-year road. The modern Republican Party’s grand, radical agenda lies in ruins — but the party doesn’t know how to deal with that failure, and it retains enough power to do immense damage as it strikes out in frustration.

Full article here

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From McClatchy

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President Obama and First Lady Michele Obama speak with Rabbi Larry Bazer, the Joint Forces Chaplain for the Massachusetts National Guard, at the end of the Hanukkah reception at the White House, December 13

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Morning everyone.




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