Posts Tagged ‘Ronald



22
Dec
11

rise and shine

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White House live

Greg Sargent: The President is set to hold another event today urging the House GOP to support the Senate payroll tax extension compromise…. A White House official emails that Obama today “will be joined by Americans who would see their taxes go up if the House Republicans fail to act”.

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Washington Post: House Republicans faced mounting pressure Wednesday from critics inside and outside Congress who worry that their standoff with President Obama over whether to extend a payroll tax cut could do lasting damage to the GOP.

… The Wall Street Journal’s editorial board captured the frustration among Republicans in the paper’s Wednesday editions, asking whether the GOP’s handling of the tax debate “might end up re-electing the President before the 2012 campaign even begins in earnest.”

Sen. Bob Corker (R-Tenn.) said the House GOP must get past the issue. “Are Republicans getting killed now in public opinion? There’s no question,” he said Wednesday on CNBC. “Both Republicans and Democrats have agreed that this is going to happen, and probably the best thing to happen now is just to get it over with.”

More here

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Marketwatch: The number of Americans filing initial claims for regular state unemployment-insurance benefits fell 4,000 to a seasonally adjusted 364,000 in the week ended Dec. 17, reaching the lowest level since April 2008, the Labor Department reported Thursday.

Economists surveyed by MarketWatch had expected that claims would rise to 375,000, while remaining at levels historically associated with an improving labor market.

The four-week average of initial claims – a smoother gauge than the weekly data – fell 8,000 to 380,250, the lowest level since June 2008.

More here

Steve Benen: It’s generally wise to avoid sweeping conclusions about week-to-week changes in data like this, but when these jobless claims fall below the 400,000 threshold, it’s evidence of an improving jobs landscape. When the number drops below 370,000, it suggests jobs are actually being created rather quickly.

More here

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Michael Tomasky: President Obama has had an awful year. But thanks to the politically asinine miscalculations of House Republicans, he’s ending 2011 with a bang.

For a bunch of people who don’t believe that Barack Obama celebrates Christmas, Republicans sure are going out of their way to make sure the president has a merry one. The short-sighted stupidity of the House Republicans is hardly to be believed. The presidential nomination contest is as unsettled as ever and still features a bunch of candidates who are about as appealing to most Americans as Aunt Gladys’s fruitcake.

…. It’s all a reminder that Obama won’t be running just against a Republican candidate. He’ll be running, as he has been, against a Republican Congress. And the public is finally getting the message that they are breathing a different kind of air from the rest of us.

More here

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Paul Krugman: David Roberts reports on the EPA’s decision, finally, to regulate mercury from coal plants … it will save tens of thousands of lives every year and prevent birth defects, learning disabilities, and respiratory diseases. This is actually a much bigger issue, when it comes to saving American lives, than terrorism.

…. The point that strikes me most, however, is that this shows that it matters who holds the White House. You can complain about Obama’s lack of a strong progressive agenda, which I sometimes do, or wonder what good it is to hold the White House when the other side blocks every attempt to do good through legislation. But mercury regulation would not have happened if John McCain were president.

Elections have consequences, and this is one delayed consequence of 2008 that will make a big difference.

Full post here

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Morning everyone😉

08
Dec
11

catching up

President Obama speaks during a news conference on Republican obstruction of Richard Cordray’s nomination to head the CFPB, Dec 8

Steve Benen: Two months after the Senate Banking Committee approved Richard Cordray as the new director of the Consumer Financial Protection Bureau, the Senate leadership brought the nomination to the floor this morning. Republicans refused to allow a vote …. It’s hard to overstate how outrageous today’s filibuster really is.

…. It’s all part of the normalization of extortion politics. Traditionally, if the GOP wanted to alter the powers of the CFPB, it would write legislation, send it to committee, bring it to the floor, send it to the other chamber, etc. But that takes time and effort, and might not work. Instead, we see the latest in a series of GOP extortion strategies: Republicans will force Democrats to accept changes to the agency, or Republicans won’t allow the agency to meet its legal mandate…..

More here

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Washington Post

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The President is pre-taping interviews with WISH (Indianapolis, IN), KSNV (Las Vegas, NV), WREG (Memphis, TN) and WCHS (Portland, ME) today

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Steve Benen: We generally look to the first Friday of every month for new unemployment figures from the Bureau of Labor Statistics, but every Thursday morning, the Department of Labor releases a report on initial unemployment claims.

And this morning, the news is very good:

The number of people filing for state unemployment benefits for the first time fell 23,000 to the lowest level since late February, the government said Thursday. The Labor Department said claims fell to a seasonally adjusted 381,000 last week. The level of initial claims in the week ended Nov. 26 was revised up by 2,000 to 404,000.

The consensus expectations were for a slight drop, which makes the sharp drop that much more encouraging…..

More here

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You can never see this enough:

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Steve Benen: Politico has a piece today on Senate Democrats’ outrage over Republican obstructionism, as evidenced by Tuesday’s filibuster of judicial nominee Caitlin Halligan and today’s expected filibuster of CFPB nominee Richard Cordray. As Dems see it, GOP abuses are setting a new standard — which Democrats will take advantage of the next time they’re in the minority.

…. Republicans respond that these current tactics aren’t new, and the Politico article tells readers the GOP argument is sound.

…. This isn’t a subjective question on which the parties are entitled to different opinions. There are objective, often quantifiable, answers to the points Politico and Republicans are raising: are GOP senators “replicating” Democratic tactics? Were Dems abusing Senate rules in the Bush era to the same degree that Republicans are abusing them now?

The answer to both is “no,” and the false equivalence does little to advance the discussion.

More here

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Oh Willard…..

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Steve Benen: Most of the Affordable Care Act won’t take effect for a few years – and if court rulings and the 2012 elections go a certain way, it may not take effect at all – but there’s already evidence that the reform law is working.

It’s making a big difference in providing coverage for young adults; it’s providing treatment options for women like Spike Dolomite Ward; and it’s slowing the growth in Medicare spending.

It’s also, as Jonathan Cohn explained, saving seniors quite a bit of money on prescription medication…..

More here

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Boston Herald

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TPM

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President Barack Obama and Canadian Prime Minister Stephen Harper arrive to speak in the South Court Auditorium on the White House, Dec. 7

President Barack Obama and Prime Minister Stephen Harper of Canada talk backstage at the South Court Auditorium in the Eisenhower Executive Office Building following their joint press conference, Dec. 7, 2011. (Official White House Photo by Pete Souza)

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Rolling Stone

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TPM: Details of Stephen Colbert’s “South Carolina Serious, Classy Republican Debate” are becoming more clear. Kind of…

“It’s happening, we’re doing it, we’ve set the date in stone, sometime in January,” Colbert said. “It’s going to be on Animal Planet. They haven’t returned my call yet.”

More here (plus video)

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CBS: President Barack Obama will appear on “60 Minutes” in an interview with Steve Kroft to be broadcast Sunday, Dec. 11 at 7 p.m. ET/PT.

Steve Kroft interviewed the president on Tuesday in Kansas after he delivered an economic speech in the small town of Osawatomie. President Obama will talk to Kroft again tomorrow at the White House for Sunday’s report.

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08
Dec
11

rise and shine

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Reuters: New claims for unemployment benefits dropped to a nine-month low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining momentum.

Initial claims for state unemployment benefits fell 23,000 to a seasonally adjusted 381,000, the Labor Department said, the lowest since late February. That was below economists’ expectations for a fall to 395,000.

The report, coming on the heels of data last week showing a rise in hiring and a sharp drop in the unemployment rate to 8.6 percent in November, pointed to some healing in a sector that has been the Achilles heel of the economy’s recovery.

More here

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Morning everyone😉

I’m 24 hours behind the news, sorry I didn’t get to catch up yesterday. Hoping to resume normal-ish service today, give me a little while and I’ll get there!

04
Oct
11

mesquite, texas

People await the arrival of President Barack Obama at Eastfield College in Mesquite, Texas

A warm Texan welcome…..

04
Oct
11

‘republican job creation’

Republicanjobcreation.com

This is a terrific website, spotted by nintendowii10 – thank you! I’ll add it to the blogroll here so the link will be there when you want it.

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03
Oct
11

taxing issues

ThinkProgress

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Michael Scherer (Time): When Barack Obama talks about taxes these days, he likes to talk about Omaha billionaire Warren Buffett’s secretary …. but if Mitt Romney is able to clinch the Republican nomination for President next spring, Obama will have a better example to talk about.

That’s because Romney, a wealthy man whose income mostly comes from long-term investments, is exactly the sort of “millionaire and billionaire” that Obama likes to hold up for scrutiny, since the source of Romney’s income allows him to pay a lower percentage of his money to the federal government each year than many middle-class wage earners.

…. People who earn as much money as Romney typically make most of it in capital gains and often deduct more than they earn in royalties, salary and interest. In other words, they never pay the 35% rate that their income would be subject to if they just got a paycheck like most Americans.

…. Should Romney win the Republican nomination, he will face substantial pressure to release his own tax returns. Usually such disclosures are little more than formality, but in Romney’s case, it would land him in the middle of one of the biggest policy debates of this election season.

…. any tax reform plan put forward by Obama would likely have a significant impact on Romney’s returns. And perhaps more importantly, if Romney wins the nomination, Obama will have a great line to use in debates and on the stump. He wouldn’t just be running against Romney, he’d be running against the large tax advantage that a millionaire investor’s income provides.

Full article here

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Greg Sargent (Wasington Post): Fact check of the day: CNN takes apart the ubiquitous GOP claim that tax hikes on the rich would be damaging to small businesses and the nation’s “job creators”:

In sharp contrast to the rhetoric, current data suggests small businesses don’t create an outsized number of jobs, very few small business owners fall into the top two tax brackets, and tax cuts for small businesses are ineffective stimulus measures.

    Relatively few small businesses would be affected: Extending the tax cuts for top earners for another decade would come at a significant cost – nearly $1 trillion in added debt over a decade. But small businesses wouldn’t see much of that cash. Only 2.5% to 3.5% of small businesses would be affected by an increase in those two rates.

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28
Sep
11

electrifying! cheering firing of government workers!

10
Sep
11

the gop debate in 45 seconds

Thanks JER😉

07
Sep
11

so, who’s watching the debate?

Live feed here (Political Carnival) and here

Political Carnival’s GottaLaff will be live tweeting here

Live blog at ThinkProgress

Eating each other alive:

😆 ——>

AP: When Mitt Romney and Rick Perry thumped their chests over their job-creation records as governor during the Republican presidential debate Wednesday night, they left the bad parts out.

Yes, employment has grown by more than 1 million since Perry took office in Texas. But a lot of those jobs are not well paid.

True, unemployment dropped to 4.7 percent when Romney was Massachusetts governor. But the state’s employment growth was among the nation’s worst.

A look at some of the claims in the debate, and how they compare with the facts:

PERRY: “Ninety-five percent of all the jobs that we’ve created have been above minimum wage.”

THE FACTS: To support the claim, the Perry campaign provided federal statistics for December 2010 showing only 5.3 percent of all jobs in Texas pay the minimum wage.

But those figures represent all workers, not just the new jobs, for which data in unavailable. And that does not account for low-wage jobs that may be above the minimum wage. According to the Texas Workforce Commission, 51 percent of all Texas workers make less than $33,000 a year. Only 30 percent make more than $50,000 a year. Nationally, Texas ranked 34th in median household income from 2007 to 2009.

About 9.5 percent of Texas hourly workers, excluding those who are paid salaries, earn the minimum wage or less, tying Mississippi for the highest percentage in the nation.

ROMNEY: “At the end of four years, we had our unemployment rate down to 4.7 percent. That’s a record I think the president would like to see. As a matter of fact, we created more jobs in Massachusetts than this president has created in the entire country.”

THE FACTS: To be sure, 4.7 percent unemployment would be a welcome figure nationally. But Romney started from a much better position than President Barack Obama did. Unemployment was only 5.6 percent when Romney took office in 2003, meaning it came down by less than 1 percentage point when he left office in 2007. Obama inherited a national unemployment rate of 7.8 percent.

07
Sep
11

‘ronaldus magnus’

LA Times: When the Republican presidential hopefuls gather to debate Wednesday night in Simi Valley, one thing seems certain: Lavish tribute will be paid to Ronald Reagan …. but the Reagan reverie will doubtless overlook much of the Reagan reality.

As president, the conservative icon approved several tax increases to deal with a soaring budget deficit, repeatedly boosted the nation’s debt limit, signed into law a bill granting amnesty to millions of illegal immigrants and, despite his anti-Washington rhetoric, oversaw an increase in the size and spending of the federal government. Before that, as California governor, he enacted what at the time was the largest state tax increase in American history. He also signed into law one of the nation’s most permissive abortion bills; any Republican who tried that today would be cast out of the party.

….. one of the greatest heresies of all: At bottom, Reagan was a pragmatist, willing, when necessary, to cut a deal and compromise …. Stuart Spencer, a GOP strategist who stood by Reagan’s side for virtually his entire political career, dismissed the current vogue of Reagan revisionism: “A lot of those people running out there don’t really understand what he did…..”

… It is hard to imagine a governor with Reagan’s record on taxes and abortion faring very well in today’s GOP nominating fight…..

Full article here

Steve Benen: …. it’s tough to beat the fact that today’s Republicans would have perceived Reagan, their hero, as a sell-out RINO …. On the one hand, Republicans have a religious-like reverence for “Ronaldus Magnus”; on the other, they have no use for his approach to governance … What should Republicans take away from the fact that, by 2011 standards, their party would dismiss their demigod as a tax-raising, amnesty-loving, pro-bailout, cut-and-run, big-government Democrat?

Full post here




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