Posts Tagged ‘vest

10
Jan
12

evening all

President Barack Obama talks with Tina Tchen, Chief of Staff to the First Lady, on the Colonnade of the White House, Jan. 10, 2012. (Official White House Photo by Pete Souza)

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President Barack Obama greets the crowd during a visit to the Environmental Protection Agency (EPA) in Washington, Jan. 10

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Greg Sargent: Newt Gingrich unleashes an absolutely brutal new ad in South Carolina ripping Romney’s previous moderation and flip flops on social issues, another sign of Newt’s determination to tear Romney down:

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Jonathan Cohn: Forget Mitt Romney’s verbal gaffes for a moment. Something more important has happened in the last few days. The linchpin of Romney’s most powerful argument has turned out to be bogus.

I’m talking about Romney’s claim about job creation – specifically, that Obama lost 2 million jobs as president while Romney, as a leader of Bain Capital, created 100,000 jobs. It’s taken a few weeks, and what seems like a few hundred posts by the indefatigable Greg Sargent, to get the media to focus on this claim. But now they are. And it turns out to be even more laughable than it appeared upon initial inspection.

Here’s the story, in case you haven’t read it elsewhere:

From the get-go, Romney’s argument was weak. Among the many flaws: Romney calculates the Obama era job losses by using, as a baseline, the employment rate as of January, 2009, when Obama first took office. That’s absurd. The economy was in free-fall when Obama took over….

Full article here

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The Week

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Ha, thanks for the memory nintendowii10!

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OFA: “I had that deer-in-the-headlights look - these kinds of things just don’t happen to me.”

That’s how Kathie, a Head Start teacher for special-needs kids, felt when she got the call about being one of four campaign supporters to sit down to a meal with President Obama.

…. “…. the conversation just flowed. He asked about our families and what was happening in our area, and the work that we do. The President ordered a burger and fries, a spinach salad, and iced tea. And then the waiter came to me and I was thinking, ‘How am I going to eat?’ But the President was so warm and considerate - he offered us some of his fries! And I thought, ‘This is the leader of the free world.’

More here

26
Jun
11

betting against america….

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.”

Thank you bjw2




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