catching up

Steve Benen: …. In his remarks in the White House briefing room, the president noted that, as a candidate, he “pledged to bring the war in Iraq to a responsible end.”

It’s a commitment he’s been able to keep.

….Perhaps realizing what’s on the minds of American voters, the president added he intends to “enlist our veterans in the greatest challenge that we face as a nation: creating opportunity and jobs in this country. After a decade of war, the nation that we need to build — and the nation that we will build, is our own. An America that sees its economic strength restored, just as we restored our leadership around the world.”

It looks another check mark on the president’s “promises made, promises kept” list.

Full post here

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Original video here (Thanks Hopefruit)

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President Barack Obama talks with Prime Minister Nouri al-Maliki of Iraq during a secure video teleconference in the Situation Room of the White House, Oct. 21, 2011 (Official White House Photo by Pete Souza)

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National Journal: The Democratic Congressional Campaign Committee outraised the National Republican Congressional Committee during September by nearly $3 million, and also bested the GOP during the third fundraising quarter, according to spending reports filed Thursday evening with the Federal Election Commission.

The DCCC raised $6.64 million last month, compared to the NRCC’s $3.8 million. Even out of the House majority, the Democratic House campaign arm also raised more during the past three months, bringing in $14.22 million to the NRCC’s $10.68 million.

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President Obama signs the Panama Free Trade Agreement, Oct. 21, in the Oval Office. From left are Labor Secretary Hilda Solis, Caterpillar CEO Doug Oberhelman, Agriculture Secretary Tom Vilsack, Boeing CEO Jim McNerney, US Trade Representative Ron Kirk, Rep. Dave Camp, R-Mich., Xerox CEO Ursula Burns, Demetech CEO Luis Arguello, Rep. Greg Meeks, D-N.Y., and Panamanian Ambassador to the US Mario Jarmillo.

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Annie Lowrey (Slate): The economy seems to be recovering …. Everything is getting better. No, no, I know … it certainly doesn’t feel as if things are getting better.

…. Even so, a spate of new data suggest that the trends, at the least, might be looking up for now, and the possibility of a double-dip recession might be fading.

… The good news comes in construction. This month, housing starts smashed expectations, jumping 15 percent … The jump in construction means both an increased willingness to invest on business’ part and a probable uptick in hiring for construction workers.

…. Retail sales climbed strongly from August to September, with an upward revision for the summer months, too. Americans spent 7.9 percent more this September than last September. What are we buying? More of everything. But we are really picking up cars. Auto sales hit an annual sales pace of 13.1 million vehicles last month, up a whopping 10 percent.

Next, jobs … fewer people are applying for initial jobless benefits, implying that the overall unemployment rate might drop soon. Industrial production also seems to be firming up. The Federal Reserve Bank of Philadelphia, for instance, reported that its business activity index climbed from -17.5 in September (recession!) to 8.7 in October (expansion!).

… The most important numbers show signs of life as well. Gross domestic product, measured monthly, has started picking up after stalling in the spring….

Unfortunately …. If European leaders don’t do something to figure out how to deal with the sovereign-debt euro crisis, this return to recovery could end quickly …. We need years of strong growth to reduce unemployment, cure the cyclical and structural unemployment crises, and reduce households’ crushing levels of debt.

Full article here

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