Posts Tagged ‘bankrupt

10
Sep
12

This and That – And More On The Enthusiasm Gap

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Michael Cohen (The Guardian): Two conventions, two Americas. Seldom has the divide been greater – Witnessing both conferences is to see anger from the Republicans and abiding hope from the Democrats

…. the philosophical and tonal divide between them has never felt broader. Quite simply, Democrats and Republicans operate in two completely distinct realms, one that is defined by an attachment to reality and one that is increasingly detached from it.

…. Republicans reside in a fantasy world where government plays no role but that of malevolence, where the free market is the salvation to all that ails this nation and where the country is locked in a Manichaean struggle between the forces of freedom and a failed, socialist interloper named Barack Obama.

…. For four decades, Republicans have relied on an undercurrent of white resentment toward social and economic change to maintain their pre-eminence in national politics. But with an African-American president and the country moving closer to “minority-majority” status, that dominance is slipping away and it feeds the sense of anger and desperation they tried to keep hidden in Tampa, but that all too often crept to the surface….

…. the contrast between the hues in Charlotte and Tampa was remarkable. The Democratic party is a party that looks like the palette of the American experience, not just in skin colour, but in class level. The Republican party (the one in the Tampa convention hall) is one that looks like Sunday brunch at a country club.

Full article here

Thanks Ladyhawke and amk

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President Obama’s introduction at The Florida Institute of Technology in Melbourne, Florida, Sept 9

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Genius:

@RafalcaRomney

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AP: Ford is adding 1,200 workers to a suburban Detroit factory to build the Fusion, a sign of confidence that the revamped sedan will be a big seller.

Ford Americas President Mark Fields told workers at the Flat Rock plant Monday that the Fusion’s market segment is growing two times faster than the rest of the U.S. auto industry. The new Fusion goes on sale this fall.

…. Ford will hire the 1,200 new workers starting next spring. It will also invest $555 million in new equipment at the plant.

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NYT

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President Obama demonstrates size of bounce received by Romney after Republican convention:

Florida, Sept. 9

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R.E.M.‘s “Losing My Religion” was used in the Fox News coverage of the Democratic National Convention last night. R.E.M. today, through its music publisher, Warner-Tamerlane Music, demanded that Fox News cease and desist from continuing its unlicensed and unauthorized use of the song. Michael Stipe said, “We have little or no respect for their puff adder brand of reportage. Our music does not belong there.”

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McClatchy

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Steve Kornacki (Salon): Barack Obama is winning …and he has been pretty much all year

The final evidence isn’t in yet, but there are strong indicators that Barack Obama received a real boost from the Democratic convention – bigger than the paltry bump Mitt Romney got out of his party’s gathering and potentially big enough to push Obama’s national lead to heights not seen since Romney emerged from the GOP primaries back in the spring.

Gallup’s daily trendline, which remained flat during and immediately after the Republican convention, has spiked in Obama’s favor over the last few days; as of Sunday afternoon, his lead was five points. He’s also pulled a few points ahead in Rasmussen’s daily poll, which has tended to be more Romney-friendly than other surveys, grabbed a four-point lead in a Reuters/Ipsos poll, and seen his job approval rating crack the 50 percent mark. A PPP poll released Sunday night also showed Obama hitting 50 percent in Ohio…..

The movement in Obama’s direction reinforces a point that many neutral campaign observers have been reluctant to make for months now: The presidential race is not, and has not been, a virtual tie – Obama is, and has been, winning.

More here

Thanks BWD

04
Sep
12

Better Off? Yup.

LA Times: Consumers bought cars at a steady pace in August as the automobile industry continued to help anchor the U.S. economy.

“August continues this summer’s trend of healthy growth,” said John Humphrey, senior vice president of global automotive operations at J.D. Power and Associates.

…. General Motors Co. said its U.S. sales rose 10% to 240,520 in August compared with the same month a year earlier.

Ford Motor Co. reported that sales increased 13% to 197,249 vehicles as shoppers gravitated to smaller cars.

…. Chrysler Group said its sales rose 14% to 148,472 vehicles compared with the same month a year earlier. It was the automaker’s best August sales since 2007.

More here

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ThinkProgress

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LA Times: Nationwide home prices shot up 3.8% in July, making their largest year-over-year leap since 2006…. The gain marks the fifth straight rise in the gauge, part of a positive swing following a year and a half of slumps. The last time prices rose so much was in August 2006, when they jumped 4.1%.

Prices in California bounded up 4.4%. Without distressed sales – including foreclosures and short sales – national prices were up 4.3% compared with last July.

The report, coming as a glut of house-hunters clamor after a shrinking inventory, suggests that the real estate market is “clearly seeing the light at the end of a very long tunnel,” said CoreLogic Chief Executive Anand Nallathambi in a statement.

More here

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@CharlesMBlow

30
Aug
12

Half-time in America…..

Msg from The Obama Diary: Genuine bloggers who create their own posts in support of PBO are welcome to use anything from TOD – rebloggers, who only copy others in an attempt to up their traffic, are not. eg the reblogger who treats women like this – explicit – while copying TOD posts on women’s rights. He belongs in the GOP.

Thanks again to Clint for the best ‘Four More Years!’ ad yet produced. The best bit? The last 10 seconds 😉

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Friday:

9:30: President Obama departs the White House

11:0: VP Biden travels to Lordstown, Ohio, to deliver remarks at a campaign event at UAW Local 1714

1:30: President Obama arrives in El Paso, Texas

2:15: Participates in a roundtable discussion with service-members and military families

3:00: Delivers remarks to troops

4:10: Departs El Paso en route Joint Base Andrews

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President Barack Obama and Vice President Joe Biden talk before having lunch on the patio outside the Oval Office, Aug. 30, 2012. (Official White House Photo by Pete Souza)

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Chat away everyone …. and to those who can stomach watching the Tampa hate-fest, I salute your courage!

01
Jun
12

Drive on!

SacBee: General Motors Co. says its U.S. sales rose 11 percent in May on strong sales of trucks and the new, pint-size Chevrolet Sonic.

GM sold 245,256 cars and trucks in May, its highest monthly total since the Cash for Clunkers deal in August 2009.

Sales of small cars rose 16 percent compared with last May thanks to the Sonic subcompact. Buick sales rose 19 percent due to demand for the new Verano small car.

Pickup truck sales were also strong as construction activity picks up. Chevrolet Silverado sales rose 22 percent.

Obama campaign co-chair and ex-Ohio Gov. Ted Strickland:

“Today’s report that the auto industry is surging ahead is good news for our state and the 1 in 8 Ohioans who depend on the auto industry for their livelihood. Despite what the polls, pundits, and prominent Republicans like Mitt Romney said, President Obama bet on the American worker to spur the comeback of the American auto industry. Now, we have a critical choice in this election between President Obama, who is fighting for us and working to create an economy built to last, and Mitt Romney who would have ‘Let Detroit go bankrupt,’ with devastating consequences for Ohio.”

10
May
12

“I think this is one of his Etch-a-Sketch moments”

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28
Feb
12

afternoon all

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Greg Sargent: In a speech to the United Auto Workers just now, Obama defended his decision to bail out the auto industry, lacing into Mitt Romney with withering derision. But this speech was about more than the auto-bailout. It was Obama’s case for reelection.

This speech constituted Obama’s most ambitious effort yet to weave his defense of the auto rescue into the larger contrast he will try to draw between his vision and the “you’re on your own” ideology he will accuse Republicans of representing.

…. today’s speech was important: It revealed that the alternate reality Romney has been functioning in throughout the GOP primary is soon going to give way to another reality entirely, a general election reality — and Romney, presuming he will be the nominee, will soon collide with it.

More here

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TPM

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The American Prospect

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Michael Tomasky: Ideological rigidity and Obama hatred led Republicans to reject the auto bailout. Now they’re doubling down on their opposition – and surrendering Michigan in the general election.

Michiganders, take pride: your 2012 primary will go down in American political history as perhaps the single most eye-popping case ever of a party’s demands on its candidates during the primary fight reducing its chance of winning the state in November from something not far from half to near zero. This is especially true if Rick Santorum manages to pull the upset and go on to be the nominee; Barack Obama’s campaign wouldn’t have to spend one thin dime in Michigan and would still win by at least 15 points. But it’s true also if unfavorite son Mitt Romney manages to win. Horse-race polls that once showed a tough battle between the two now project an Obama blowout.

More here

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The People’s View

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Business Insider: U.S. consumer confidence in February surged to 70.8. Economists were expecting the measure to rise to just 63.0 from January’s reading of 61.1…..

More here

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Grist

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More here

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President Barack Obama signs an Executive Order entitled “Establishment of the Interagency Trade Enforcement Center,” in the Oval Office, Feb. 28, 2012. (Official White House Photo by Pete Souza)

23
Feb
12

evening all

People reach out to grasp hands with President Obama after he spoke at the University of Miami, February 23

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Biltmore Hotel in Coral Gables, Fla

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First Lady Michelle Obama views The Slave Pen exhibit while touring the National Underground Railroad Freedom Center in Cincinnati, Ohio, Feb. 23. Pictured, from left, are: Dina Bailey, Associate Curator of the National Underground Railroad Freedom Center; Cincinnati Mayor Mark Mallory; Verna Williams; and Allison Singleton. (Official White House Photo by Sonya N. Hebert)

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Friday:

11:15 AM: PBO attends the Democratic Governors’ Association meeting.

3:00 PM: PBO holds a bilateral meeting with Prime Minister Helle Thorning-Schmidt of Denmark.

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More photos from Miami:

Denver Post

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ThinkProgress

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Greg Sargent: It’s becoming clearer and clearer that the auto bailout will be central to Campaign 2012’s argument over government and the economy, and Pew Research releases some striking numbers….

The latest national survey …finds that 56% say the loans the government made to GM and Chrysler were mostly good for the economy, while 38% say the loans to the automakers were mostly bad for the economy.

Opinion about the auto loans has reversed since October 2009. At that time, just 37% said the loans were mostly good for the economy while 54% expressed negative views…..

…. independents think the auto bailout was good for the economy by a wide margin, 54-40. Even moderate/liberal Republicans agree, 57-39. And Pew tells me that non-college-degree whites – a key swing constituency that will be pivotal in the Rust Belt states – also agree, 51-40.

More here

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Mother Jones

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ThinkProgress: Earlier this month, the nation was barraged with media coverage of the Catholic Bishops’ opposition to regulations promulgated under the Affordable Care Act protecting working women’s access to contraception. The loudness of the bishops’ complaints ….  easily could have conveyed the misimpression that churches and other religious groups are at odds with the Affordable Care Act.

On Friday, however, a broad coalition of religious organizations filed an amicus brief supporting the Affordable Care Act’s Medicaid expansion that should give the lie to any claim that the faith community opposes the ACA …. the brief’s signatories include a wide range of Catholic groups….

More here

Thanks Loriah

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ThinkProgress: As further proof that conservative efforts to paint President Obama as the enemy of religion are a red herring, nearly two dozen leading Catholic nuns filed a brief in the Supreme Court last week supporting the president’s signature legislative accomplishment. The Catholic sisters who joined the brief include the leaders of many prominent religious orders providing health care and other services to the needy…

More here

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Full interview here

Thanks CTGirl

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Thanks Edwina

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The Clowns:

Esquire

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Get your iPhone case – now!

18
Sep
11

the reality of ‘obamacare’ (please send your best to ross in the comments)

President Barack Obama, Vice President Joe Biden, and senior staff, react in the Roosevelt Room of the White House, as the House passes the health care reform bill, March 21, 2010. (Official White House Photo by Pete Souza)

Des Moines Register: After more than five weeks on a ventilator, Amy Ward is finally being weaned off it to breathe on her own. She no longer requires dialysis. But a near-fatal infection resulting from a freak accident has left her with a long road of rehab ahead.

In the time he’s spent at his wife’s bedside in a hospital critical care unit, her husband has been able to do a lot of thinking. Ross Daniels, on unpaid family medical leave from his IT job to tend to his wife, has had to face the real possibility that he would lose her, though she’s just 39….

… Daniels has also thought about what would have happened if portions of the new federal health care law had not been in place. His wife’s insurance had a million dollar lifetime cap on benefits. Her current expenses have already exceeded that. One medication – a potent antifungal agent – costs $1,600 a dose. Without the protection against lifetime limits the new law provides, they would have had to declare bankruptcy.

That law, derisively dubbed “Obamacare” by the president’s opponents, has been portrayed as the essence of evil among Republican presidential candidates. At a tea party-sponsored debate this week, front-runners Rick Perry and Mitt Romney vowed to sign executive orders exempting states from enforcing it. Michele Bachmann bragged of working for its repeal in Congress.

Those attitudes confound Daniels, who says, “It is hard for us to believe that so many of the GOP candidates would have us go back to a time where an illness like this would have forced us, or any other family for that matter, into bankruptcy.” He’s also grateful for the law’s protection against insurance companies denying coverage for pre-existing conditions.

…. by the time the next president is sworn in, enough people will have experienced the protections and benefits it offers that no elected official would risk his or her standing by rescinding it. That’s the value of first-hand experience, painful as it may be. It brings you closer to the truth than all the political platitudes in the world.

Full article here

Thank you JER, this is a brilliant article – make sure you read it all everyone, and spread it far and wide 😉

08
Jun
11

‘let detroit go bankrupt’

Jennifer Granholm on The Last Word

20
Apr
11

what’ll the tea people say now? “dump the chump”?

Thank you Bobfr, this is pure gold 😉

Let’s listen to the very pro-life (very pro-choice) guy one more time:

Thank you Me4obama … I’m not an O’Donnell fan, but this was seriously excellent

Yup, The Chump is a business genius!




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