Freep.com: Long lines of people wait on the outdoor football field outside the Glick Fieldhouse on the campus of the University of Michigan hours before President Obama was to deliver his speech about education to over 3,000 people inside today
9:45 ET PBO delivers remarks at the University of Michigan in Ann Arbor
11:00: Departs Michigan en route to Joint Base Andrews
12:25: Arrives at Joint Base Andrews
12:30: Departs Joint Base Andrews en route to Cambridge, Md.
1:15 PBO address House Democrats at their annual retreat (Listed for live coverage by C-Span 2 and CNN streaming)
3:00: Arrives at the White House
3:30: PBO and VP Biden meet with Secretary of State Clinton
4:30: PBO delivers remarks at a campaign event
Jonathan Cohn (TNR): President Obama visits the Detroit area on Friday, and his timing couldn’t be better: Today’s Detroit Free Press brings more good news from the auto industry:
General Motors, Ford and Chrysler all plan to add jobs in Michigan, which stands to benefit more than any other state. Nissan, BMW, Honda, Toyota, Kia and Mercedes-Benz also are hiring. Suppliers are looking to add engineers and technical people, but at a more gradual pace.
About 15,000 auto-related Michigan jobs could be created this year….
President Barack Obama greets people following his remarks at Buckley Air Force Base in Denver, Colo., Jan. 26, 2012. (Official White House Photo by Pete Souza)
The Nation: It is hard to read Remedy and Reaction, Paul Starr’s remarkable chronicle of the hundred-year effort to legislate universal health insurance in the United States, without recalling Robert Gibbs’s tortured quip that Democrats who’ve denounced the Obama White House for having knuckled under to Republican principles or intimidation “ought to be drug-tested.” Nobody with a sense of history – that is, nobody who reads Starr’s book – could doubt how sensible and brave was the president’s effort to drive the Patient Protection and Affordable Care Act of 2010 through Congress. Nobody with a feel for the present moment should doubt how imminent is the threat to the act, how urgent it is for progressive Democrats to rally around Obama – and without all the condescending qualifications that “independents,” who flock away from allegedly weak or incompetent leaders, interpret as contempt.
Greg Sargent: …. At an event in Las Vegas (yesterday), Obama offered his most extensive rebuttal by far to the bogus GOP charge that the push for higher taxes on the wealthy is about “class warfare” and “envy”. The whole thing is worth a watch – the tone was not one of outrage, but one laced with a good deal of mockery and derision:
Washington Post: The Obama administration finalized a rule Thursday governing the management of 193 million acres of national forests and grasslands, establishing a new blueprint to guide everything from logging to recreation and renewable energy development.
The guidelines – which will take effect in early March and apply to all 155 national forests, 20 grasslands and one prairie – represent the first meaningful overhaul of forest rules in 30 years….
Several environmentalists and scientists praised the guidelines … “The vision is laudable, and this is no small shift in how the national forests will be managed, from one of commodity extraction into a vision of protection, restoration and water preservation,” said Dominick DellaSala, president and chief scientist for the Oregon-based Geos Institute.
The Guardian: Antitrust enforcement is back in America, perhaps in a serious way. If so, it’s long overdue.
But even though the US justice department is suing to block AT&T’s buyout of T-Mobile’s US wireless operations, competition in America’s telecommunications industry is fading…..
Still, Wednesday’s legal action, filed by the department’s antitrust division, is welcome. The George W Bush administration was easily the most lax in antitrust enforcement in recent history, and the Obama administration hadn’t been significantly more ardent to protect competition…..
…. (but) the government’s complaint in this case says what most people – apart from those who stood to gain directly – already knew: The deal would reduce competition in a marketplace that is already an oligopoly.
The deal could still happen, in one of several ways …. the act of going to court, however, suggests that either AT&T wasn’t interested in dealing or that the government simply found this buyout unacceptable on its face.
…. AT&T’s lobbying efforts on behalf of this deal, and its brazen lack of regard for reality, have been epic …. the primary motive for the buyout was to reduce competition, contrary to countless statements about how this would be great for customers…
Think Progress: House Minority Whip Eric Cantor has often expressed concern for how Obama administration policies are supposedly a “grave danger to America’s prosperity.” Now, the Wall Street Journal finds that Cantor actually invests in an exchange-traded fund that “takes a short position in long-dated government bonds” – effectively betting against the U.S. Treasury bonds that the government uses to fund its operations:
[Cantor] bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds – and perhaps on inflation in the future.
If Cantor truly cares about “America’s prosperity,” one would have to wonder why he is literally betting against its financial future. The Washington Independent’s Annie Lowrey adds that “Cantor is not a very canny investor. The fund is down 31 percent this year.”