Posts Tagged ‘krugman



22
Jul
13

Rise and Shine

A year ago: “The President hugs Stephanie Davies, who helped her friend, Allie Young, left, stay alive after she was shot during the movie theater shootings in Aurora, Colo. The President visited patients and family members affected by the shootings at the University of Colorado Hospital. Photo by Pete Souza, July 22, 2012

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The Week Ahead:

Today:

3:0: The President meets with Secretary of State Kerry

7:25: Delivers remarks at an Organizing for Action event, Mandarin Oriental Hotel, Washington, DC (Open Press)

8:10: Delivers remarks and answers questions at an Organizing for Action dinner, Mandarin Oriental Hotel (Print Pool for Remarks Only)

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Tuesday: The President will welcome NCAA Champion Louisville Cardinals to the White House to honor the team and their 2013 NCAA Men’s Basketball Championship

Wednesday: He will travel to Galesburg, Illinois and Warrensburg, Missouri for events on the economy

Thursday: He will welcome President Truong Tan Sang of Vietnam to the White House. In the afternoon, the President will travel to Jacksonville, Florida for an event on the economy. On Thursday evening, he will host an Iftar dinner celebrating Ramadan at the White House

Friday: The President will attend meetings at the White House.

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Time: Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.

The address Wednesday at Knox College in Galesburg, Ill., will be the first in a new series of economic speeches that White House aides say Obama intends to deliver over the next several weeks ahead of key budget deadlines in the fall. A new fiscal year begins in October, and the government will soon hit its borrowing limit.

…. The president will also speak Wednesday at the University of Central Missouri in Warrensburg, Mo.

More here – and more at the NYT

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AP: Survey: Brighter U.S. Economic Outlook Boosts Hiring

Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.

Nearly one-third of the economists surveyed said their companies added jobs in the April-June quarter …. That’s the highest percentage in nearly two years. And 39 percent expect their firms will hire more in the next six months. That’s near the two-year high of 40 percent reached in the January-March quarter.

…. Optimism about future economic growth increased. Nearly three-quarters of the survey respondents forecast growth of 2.1 percent or more over the next 12 months. That’s up from two-thirds in the first quarter survey, released in April, and the most in a year.

More here

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OFA

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ThinkProgress: No, Obamacare Won’t Raise Insurance Premiums In Indiana By 72 Percent

On Friday, the Indiana Department of Insurance announced that initial rates submitted by individual health plan providers for the state’s Obamacare insurance marketplace would cost 72 percent more than currently available plans …. Gov. Mike Pence’s (R) administration was quick to use the figures to criticize the health law….

The problem is, the Department of Insurance didn’t really release “data” in the plural — it released a single data point. The $570 per month figure is the average of all of the submitted rates, including cheaper plans with less benefits (so-called “Bronze” and “Silver” level plans) as well as the more generous and expensive “Gold” and “Platinum” level plans. That’s like saying the average cost of a car in an Indiana dealership is $100,000 because it sells $20,000 Fords, $60,000 BMWs, and $220,000 Lamborghinis — technically true, but highly misleading.

More here

And see Jonathan Cohn – ‘Hoosier Hustle? Another Dubious Attack on Obamacare’

Also too – ThinkProgress: Tea Party Senator Concedes Defeat: We Won’t Be Able To Fully Repeal Obamacare

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USA Today: Vice President Biden is off on a six-day trade and diplomatic trip to India and Singapore.

…. The vice president and his wife Dr Jill Biden land Monday in New Dehli; they will travel to Mumbai later this week …. they arrive Thursday in Singapore…

… The Bidens will stop in Hawaii on their way back to the United States; they return to Washington on Sunday.

More here

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Continue reading ‘Rise and Shine’

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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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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