Posts Tagged ‘financial

16
Sep
13

Rise and Shine

Four Years Ago Today: President Obama uses a light saber during a demonstration of fencing with Tim Morehouse who won a silver medal in Men’s Saber Fencing at the Beijing Olympics, part of the U.S. Olympians youth sporting event on the South Lawn of the White House

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Today (all times Eastern):

11:40: President Obama delivers remarks to mark the five-year anniversary of the financial crisis

12:30: Jay Carney briefs the press

7:0: President Obama delivers remarks at Música Latina: In Performance at the White House; First Lady Michelle Obama also attends. The performance will be held in the East Room and will be live streamed at White House Live. More here

See ‘The Week Ahead’ here

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USA Today: Obama to speak on 5th anniversary of financial crisis

President Obama will deliver a speech Monday on the fifth anniversary of the event that helped elect him back in 2008: The financial crisis. Obama “will be joined on-stage and in the audience by people that have benefited from his economic recovery proposals over the last five years,” the White House said in a statement, “including small business owners, construction workers, homeowners, consumers and tax cut recipients.”

Obama will use the speech to kick off a week of events devoted to the economy and budget issues.

…. A Tuesday interview on the Spanish language television network Telemundo gives Obama a chance to talk about another major domestic issue, immigration. Budget issues are likely to dominate a Wednesday speech to the Business Roundtable. And Obama is likely to emphasize the auto bailout when he travels Friday to a Ford plant in the Kansas City area.

Full post here

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Your Morning Must-Read:

The People’s View: Ezra Klein’s Concern Trolling on Obama and the Federal Reserve

As soon as news hit the wires that Larry Summers has withdrawn his name from consideration for chair of the Federal Reserve, the media went on a full-spin mode, likely embarrassed that just Friday, they were pimping a Japanese newspaper report trumpeting Summers as the chosen one. Ezra Klein, who’d been part of the media build-up toward that ‘inevitability,’ if along with his opposition to it.

This is where a little Obama Derangement Syndrome seeped in. Ezra, along with his peers in the beltway media – dude, get out a little from you Post office and the MSNBC studios; it’ll do you some good – wasn’t just convinced that Summers would be a bad choice, but that Obama would pick him just to take pleasure in some hippie-punching, i.e. just to piss off establishment media liberals like Klein.

More here

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She’s an Arsenal fan, so she has a dark side, but @DCPlod cracks me up:

…. and so does this fella:

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Had a good chuckle at these two headlines at Business Insider – here we go again: damned if he does, damned if he doesn’t. Yawn:

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TPM: Biden: ‘The Tail Is Wagging The Dog’ In Today’s GOP

Vice President Joe Biden warned donors and activists of a fundamental shift in the Republican party at an Iowa fundraiser Sunday, calling today’s GOP a “different breed of cat” and taking a shot at the leadership of Sen. Ted Cruz (R-TX).

“This is not your father’s Republican Party,” he told a crowd just before Sen. Tom Harkin’s (D) annual steak fry, according to a pool report. “We’re dealing with a different breed of cat as my uncle used to say. These guys aren’t bad. I’m not making moral judgments, but they have a fundamentally different view of America than we do – a fundamentally different view.”

More here

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Bob Cesca: The Goalpost for Success Was the Disarmament of Syria’s WMD, So the U.S. Won an Historic Victory

Saturday marked an historic event future generations will read about in books. Over the weekend, Russia and the United States reached an accord over the question of the Syrian government’s stockpiles of chemical weapons, most recently used against civilians late last month.

Whether the United States “won” depends entirely upon your definition of victory. Personally, I define victory in terms of the stated goal of the administration’s actions of the past three weeks: to destroy Syria’s chemical weapons to prevent another attack on Syrian civilians.

More here

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Michael Tomasky: The Right’s Sickening Syria Spin

If Obama persuaded Assad to step down and move to Siberia, the critics would still find something to whine about. Michael Tomasky deflates the arguments against the new arms deal.

I don’t know about you, but I’m not very interested in being lectured that Bashar al-Assad has no real intention of giving up his chemical weapons by the very same people who a decade ago were pushing this country into war — and having the deranged gall to call the rest of us unpatriotic — on the argument that there was no possible way a monster like Saddam Hussein had given up his chemical weapons. Barack Obama has been forced to spend about 70 percent of his presidential energies trying to repair crises foreign and domestic that these people created, and forced to do so against their iron opposition on all fronts; and now that he’s achieved a diplomatic breakthrough, they have the audacity to argue that he sold America out to Vladimir Putin? It’s staggering and sickening.

More here

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Steve Benen: The right struggles to hide its disappointment with diplomatic progress

A couple of years ago, after the United States and its allies used military force to help remove the Gadhafi’s government from Libya, Sens. John McCain and Lindsey Graham issued one of my favorite Republican press releases ever. The two senators, who had eagerly spent months touting U.S. military action in Libya, issued a joint statement commending the “British, French, and other allies, as well as our Arab partners, especially Qatar and the UAE.”

McCain and Graham eventually said Americans can be “proud of the role our country” played, but they nevertheless condemned the Obama administration’s “failure” to act in Libya the way the GOP senators preferred.

It was striking at the time for its bitterness – the United States had achieved its strategic goals, but instead of celebrating or applauding Obama’s success, Republicans pouted and whined.

It’s funny how history sometimes repeats itself….

More here

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Science Insider: U.S. Science Laureate Bill Hits Roadblock

Climate science skeptics have derailed a congressional proposal to create the honorary position of U.S. science laureate. But proponents haven’t abandoned the idea of giving someone a national platform to foster public understanding of science and serve as a role model.

….. the U.S. House of Representatives was expected to give swift approval to a bill introduced this spring by a bipartisan coalition of legislators in both the House and the Senate….

The bill was never discussed in any committee, however, and Larry Hart of the American Conservative Union hit the roof when he saw it on the House calendar for the next day. In a letter to other conservative organizations and every House member, Hart said the bill would give President Barack Obama the opportunity to appoint someone “who will share his view that science should serve political ends, on such issues as climate change and regulation of greenhouse gases.”….

More here

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Thanks again to UT for letting us know about this blog yesterday (and this great post):

Now added to the blogroll here, if you ever need the link – you can follow Jim here on Twitter.

If you can think of any other smart liberal blogs to add to the blogroll, let me know!

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Smartypants: A Both/And Leader in an Either/Or World

For the record, I don’t think President Obama has any magical powers, or that he plays 11th dimensional chess, or that he bluffs, or that he’s merely lucky. What I do think is that he develops his North Star, takes the long view, and enters negotiations from the standpoint of finding both/and solutions (partnerships) rather than engage in the power games of either/or (dominance).

Several people are pointing to a fascinating blog post by Jim Stuart where he talks about President Obama being an integral leader. If you haven’t already read it, please do so!

More here

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Still can’t get over this tweet from the account of the President of Iran, amazing:

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On This Day:

President Obama and First Lady Michelle Obama watch Olympian Ryan Reser, in white, and Paralympian Myles Porter during a judo demonstration, part of the U.S. Olympians youth sporting event on the South Lawn of the White House, Sept. 16, 2009 (Photo by Pete Souza)

….. watching a balance beam demonstration hosted by gymnast Dominique Dawes, far left, on the South Lawn of the White House, Sept. 16, 2009. Also pictured are Senior Advisor Valerie Jarrett (second from left) and former Olympic athlete Jackie Joyner Kersee (in white shirt) (Pete Souza)

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President Obama fist-bumps VP Biden, as Senior Advisor Valerie Jarrett looks on, before a meeting in the Oval Office, Sept. 16, 2010 (Pete Souza)

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President Obama, First Lady Michelle Obama, and Speaker of the House Nancy Pelosi arrive for the Congressional Hispanic Caucus Institute’s 32nd Annual Awards Gala dinner in Washington, D.C., on Sept. 16, 2009 (Pete Souza)

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President Obama waits in his limousine after the motorcade arrived at Westchester County Airport, N.Y., on a rainy night, Sept. 16, 2010 (Pete Souza)

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MooooOOOOoooorning, Happy Monday!

A gentle reminder: when you’re quoting posts from other blogs/sites in the comments, please only include a short extract followed by the link. Thank yoooOOOooou!

17
Jul
13

News Of The Day

BPYgiMiCcAAOkHu

@VP: PHOTO:VP swears in Richard Cordray as the Director of the @CFPB this morning in his WW office w/ @Sebelius (WH Photo)

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Haha…Losers McLoserville are coming together to get egg on their faces again. 2012 redux!

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Here comes the GOP with some batcrap crazy immigration reform “compromise” and I use the term loosely. These people are horrible.

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Continue reading ‘News Of The Day’

17
Jul
13

Heads Up: President’s statement on Richard Cordray

10:50 AM EDT: President Obama Makes a Statement on the Confirmation of Richard Cordray as the Director of the Consumer Financial Protection Bureau

White House live * CBS * C-Span

17
Jul
13

Rise and Shine

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Today (all times Eastern)

10:50: The President delivers a statement on the confirmation of Richard Cordray as the Director of the Consumer Financial Protection Bureau

12:45: Press Briefing by Jay Carney

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NYT: Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, state officials are to announce on Wednesday.

State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.

Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.

“Health insurance has suddenly become affordable in New York,” said Elisabeth Benjamin, vice president for health initiatives with the Community Service Society of New York. “It’s not bargain-basement prices, but we’re going from Bergdorf’s to Filene’s here.”

“The extraordinary decline in New York’s insurance rates for individual consumers demonstrates the profound promise of the Affordable Care Act,” she added.

More here

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AG Eric Holder: “So Trayvon’s death last spring caused me to sit down to have a conversation with my own 15-year-old son, like my dad did with me. This was a father-son tradition I hoped would not need to be handed down. But as a father who loves his son and who is more knowing in the ways of the world, I had to do this to protect my boy. I am his father, and it is my responsibility, not to burden him with the baggage of eras long gone, but to make him aware of the world that he must still confront. This is a sad reality in a nation that is changing for the better in so many ways.”

Full NAACP speech from yesterday (transcript here):

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Michael Tomasky: Reid Crushes McConnell

…. Harry Reid and Mitch McConnell struck a deal, abetted apparently by John McCain, that averted the invocation of the nuclear option by Reid and the Democrats. Reid got just about everything he wanted. The Senate is going to pass through all seven nominees that Reid brought up in this skirmish….

…. About as clear a win for one party over another as we’ve seen in a long time. Why did it happen? Because everyone in the room knew that the Democrats had the 51 votes to change the rules. Stand together or fall apart, as the old cliche goes. It’s true. It’s still pathetic that it had to come to this for the president to fill his cabinet (and sub-cabinet), but it goes to show that holding the line as a group works.

Full post here

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Steve Benen: …. Will what transpired in the Senate yesterday actually, you know, matter? …. The cautious answer is that it’s evidence of incremental progress, the results of which will have a real-world impact on the lives of real people.

The Consumer Financial Protection Bureau, for example, looks out for consumers against predatory excesses from the financial industry. As Sen. Elizabeth Warren told Chris Hayes last night, in light of yesterday’s deal and Richard Cordray’s confirmation, “We know this agency is here to stay. No more clouds over what it legally is entitled to do. No more attacks that say maybe we’re going to be able to undercut it in this way or weaken it in that way. We’ve got a full-fledged watchdog. The one we fought for, and [Cordray] is going to be there to fight for us.”

…. I’ve heard plenty of criticisms of yesterday’s agreement, and detractors have raised fair concerns … But in today’s environment, incremental progress is still progress, and there’s ample reason to believe yesterday’s deal moves the ball forward.

Full post here

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McClatchy: Congress revisits Voting Rights Act

Congress is taking the first steps toward bringing back pre-clearance of voting laws under the Voting Rights Act this week, as activists express tempered optimism in lawmakers’ willingness and ability to act.

The U.S. Supreme Court last month tossed out the Voting Rights Act’s formula that determined which jurisdictions must submit their voting law changes to the federal government before enacting them. The 5-4 ruling did not get rid of pre-clearance altogether but said Congress must come up with an updated standard to enforce it rather than the 1965 version that covered Georgia and other Deep South states with a history of overt discrimination.

The Senate Judiciary Committee will kick off the congressional response with a hearing Wednesday featuring Congress’ civil rights conscience: Atlanta Democratic U.S. Rep. John Lewis.

More here

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Michael Tomasky: …. the narrative about the IRS targeting Obama’s enemies has been thoroughly debunked….

The IRS “scandal,” lately dormant, is returning soon to cable-news channel near you: Tomorrow, Russell George, the Treasury Department inspector general who produced the original report at Darrell Issa’s request, is going back before Issa’s committee, and this time he’s in for some pretty serious grilling from Democrats. The evidence is now even more preponderant than it already was that there was absolutely no political agenda in the IRS’s review of 501(c)(4) applications. In fact, evidence is mounting that if anyone was behaving politically here, it was George — and, of course, Issa and the other Republicans who launched into their baseless tirades about “enemies lists” and other such nonsense.

…. what about the mainstream media that swallowed whole from the Republican-conservative spoon, running huge headlines and ominous editorials, all those breathy stories that got nearly half the American public believing, on the basis of zero hard evidence, that the White House was involved here? It’s not in the nature of the beast to run huge headlines saying “No Scandal Here.” But it should be in the beast’s nature to take a much harder look at Issa, George, and the other perpetuators of this non-story. And it should start tomorrow, when George testifies.

Full post here

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Reuters: President Barack Obama on Tuesday for the first time admitted that it was unlikely that the Republican-led House of Representatives would pass sweeping immigration reforms before lawmakers left Washington for a month-long break in August.

In television interviews taped with four Spanish-language newscasts, Obama said he thinks many Republicans need more time to grapple with concerns about border security and the changing demographics of America.

…. Obama has insisted that reforms must include the path to citizenship for undocumented immigrants. “It does not make sense to me, if we’re going to make this once-in-a-generation effort to finally fix the system, to leave the status of 11 million people or so unresolved,” he told Telemundo’s Denver affiliate.

Many House Republicans oppose that measure, calling it “amnesty” for people who have broken existing immigration laws. But Obama said ignoring the problem would resign undocumented immigrants to “a lower status.” “I think that’s not who we are as Americans,” he said.

More here

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Wendy Davis and San Antonio mayor Julián Castro (left) and his twin brother, Congressman Joaquín Castro, in Austin on July 7, 2013

Texas Monthly: The Life and Death (and Life?) of the Party

Democrats once ruled Texas. Then came five decades of steady decline. Can Wendy Davis, the Castro brothers, and Team Obama’s vaunted field operation return their party to power? And if they can’t, can anyone?

“Somebody has to step up,” Wendy Davis observed one evening in late May over drinks at the bar of the Four Seasons Hotel in Austin. “As long as the Democrats continue to buy into the same bullshit that some of the Republicans are saying — ‘Oh no, it’s Texas, it’s hopeless’ — and continue to act like it won’t happen for six, eight, twelve, sixteen years from now, that perpetuates the problem.”

“So are you going to run for statewide office?” I asked.

Her green eyes sparkled. “One day, someday,” she said coyly.

One day, someday, about a month later, on the morning of June 25, the petite fifty-year-old Democratic state senator from Fort Worth fixed herself a single boiled egg for breakfast. It would be her only meal of the day. She slipped on a pair of pink tennis shoes, headed over to the Capitol, and stepped up……

More here

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President Obama hosted members of the Delta Sigma Theta sorority at the White House on Tuesday as the group gather in Washington for their annual convention. The Oval Office meeting marked the 100th anniversary of the African-American sorority and the 51st anniversary of its convention. Obama met with members including the sorority’s president, Cynthia Butler-McIntyre.

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@petesouza: Pres Obama with make-a-wish visitor Suhail Zaveri, 14, and his family in the Oval Office

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CBS: Cuban and U.S. officials will hold the first migration talks between the two nations since 2011 in Washington on Wednesday. Analysts believe both countries have a strong interest in getting them off the ground again.

…. The Bush Administration broke off these twice-yearly talks, along with taking other measures such as severely restricting the rights of Cuban Americans to travel back to the island – limiting them to only one visit every three years.

President Obama reestablished the rights of Cuban Americans to visit their homeland as much as they want and resumed the talks, only to break them off over the detention and jailing of U.S. contractor Alan Gross, which the State Department has repeatedly said remains a major obstacle to any improvement in relations between the two neighboring countries.

More here

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Morning!

11
Feb
13

Rise and Shine

A year ago: A child reaches out to First Lady Michelle Obama prior to a Faith and Community Groups Leading the Way event at Northland, A Church Distributed, in Longwood, Fla., Feb. 11, 2012 (Photo by Chuck Kennedy)

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Today:

12:30: VP Biden holds a roundtable discussion on gun safety with law enforcement officials in Philadelphia

1:45: President Obama will present Clint Romesha with the Medal of Honor at a White House ceremony

2:0: Senate lawmakers will debate and vote on re-authorizing the Violence Against Women Act

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On Thursday at 4:30 ET: “Fireside Hangout” with President Obama

See more here

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23 years ago today, Nelson Mandela was released from prison having been locked up for 27 years by a racist state

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NYT: President Obama will use his State of the Union speech to reinvigorate one of his signature national security objectives – drastically reducing nuclear arsenals around the world – after securing agreement in recent months with the United States military that the American nuclear force can be cut in size by roughly a third.

…… White House officials are looking at a cut that would take the arsenal of deployed weapons to just above 1,000. Currently there are about 1,700, and the new strategic arms reduction treaty with Russia that passed the Senate at the end of 2009 calls for a limit of roughly 1,550 by 2018.

But Mr. Obama, according to an official who was involved in the deliberations, “believes that we can make pretty radical reductions – and save a lot of money – without compromising American security in the second term. And the Joint Chiefs have signed off on that concept.”

More here

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Washington Post: President Obama is considering a series of new executive actions aimed at working around a recalcitrant Congress, including policies that could allow struggling homeowners to refinance their mortgages, provide new protections for gays and lesbians, make buildings more energy-efficient and toughen regulations for coal-fired power plants, according to people outside the White House involved in discussions on the issues.

More here

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TPM: The Senate is poised to pass the Violence Against Women Act reauthorization early this week, with a final vote expected Monday afternoon or Tuesday.

…. Despite the unusually large Senate consensus, there has been no perceptible movement among House Republican leaders since they passed a scaled-back version of VAWA on a party-line vote last year, rejecting the Senate legislation.

In an exchange on the floor Wednesday, House Minority Whip Steny Hoyer (D-MD) needled Majority Leader Eric Cantor (R-VA) on VAWA….. Cantor responded that it’s a “priority” for Republicans to “move and act on this bill”….

…. By the end of the week, House Republican leaders had no progress to speak of. “Silence,” said a senior House Democratic aide.

More here

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NYT Editorial: If you’d like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months:

* It called a halt to predatory practices by mortgage lenders, ensuring that borrowers are not saddled with loans they can’t afford and preventing brokers from earning higher commissions for higher interest rates.

* It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.

* It opened an investigation into questionable marketing practices by banks and credit card companies on college campuses, which often take place after undisclosed financial arrangements are made with universities….

More here

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Paul Krugman: Last week Eric Cantor, the House majority leader, gave what his office told us would be a major policy speech. And we should be grateful for the heads-up about the speech’s majorness. Otherwise, a read of the speech might have suggested that he was offering nothing more than a meager, warmed-over selection of stale ideas.

To be sure, Mr. Cantor tried to sound interested in serious policy discussion. But he didn’t succeed – and that was no accident. For these days his party dislikes the whole idea of applying critical thinking and evidence to policy questions. And no, that’s not a caricature: Last year the Texas G.O.P. explicitly condemned efforts to teach “critical thinking skills,” because, it said, such efforts “have the purpose of challenging the student’s fixed beliefs and undermining parental authority.”

More here

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NYT: (Missoula, Mont) This funky college town …. has long been a liberal pocket, an isolated speck of blue in a deeply red state. Now Montana is electing more politicians who lean that way, thanks to a different-minded generation of young voters animated by the recession and social issues.

…. these students, and dozens of other young people interviewed here last week, give voice to a trend that is surprising pollsters and jangling the nerves of Republicans. On a central philosophical question of the day – the size and scope of the federal government – a clear majority of young people embraces President Obama’s notion that it can be a constructive force….

…. Here in Montana, a state that backed John McCain in 2008 and Mr. Romney last year, voters under 30 have helped elect two Democratic senators and a new Democratic governor. Nationally, young voters have since 2004 been casting their ballots for Democrats by far wider margins than previous young generations – a shift that could reshape American politics for decades.

More here

Later in the article, the GOP response to young voters in Montanta helping elect Gov Steve Bullock and re-elect Sen Jon Tester (“Both times, polls stayed open hours past their official closing time to accommodate huge lines of students. Both times, Forward Montana ran huge voter registration drives”)?

They are “now trying to undo a Montana law that permits voters to register on Election Day”.

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ThinkProgress: Cleopatra Pendleton, mother of slain Chicago teen Hadiya Pendleton, will be Michelle Obama’s guest at the State of the Union on Tuesday.

More here

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Share the ad through Americans for Responsible Solutions

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NYT: Gabrielle Giffords looked slightly stricken as she considered the question: Would she feel bad about starring in a political advertisement against her former House colleagues who declined to stand with her on guns? “Yes,” she said, it would be painful.

“Sometimes you have to do things that are hard,” said Mark E. Kelly, Ms. Giffords’s husband, as she tucked herself close to him on their couch. Ms. Giffords nodded, as she often does when Mr. Kelly — as he often does — intuits the many thoughts she is still unable to express fully. “Really hard,” she added.

Ms. Giffords, a former Democratic congresswoman from Arizona, a gun owner, an astronaut’s wife, a shooting survivor and an incipient gun-control advocate, is settling into the third act of her public life.

More here

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@BarackObama

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ThinkProgress: The NRA is a big spender when it comes to lobbying and campaigns. ThinkProgress investigated the NRA’s contributions to Members of Congress and — lo and behold — the most heavily NRA-backed congressman are leading the charge against new gun violence prevention measures.

See here

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De naaaaaaaaa:

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MoooOOOooOOOoorning!

04
Feb
13

Rise and Shine

Three years ago today: A bronze bust of Dr. Martin Luther King, Jr. is visible in the foreground as President Obama meets with senior advisors in the Oval Office, Feb. 4, 2010 (Photo by Pete Souza)

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Today (All times EST):

10:15: President Obama departs the White House

11:15: VP Biden and Dr Jill Biden arrive in London

1:00: President Obama arrives in Minneapolis

1:30 Participates in a discussion with local leaders and law enforcement officials (Pool spray at the top)

2:30 Delivers remarks on a comprehensive set of ideas to reduce gun violence (Live coverage)

3:35 Departs Minneapolis, Minnesota

5:45 Arrives Joint Base Andrews

6:0 Arrives the White House

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The week ahead:

Tuesday: The President will attend meetings at the White House

Wednesday: Attends the Democratic Senate Caucus Retreat in Annapolis, Maryland

Thursday: Delivers remarks at the National Prayer Breakfast. In the afternoon, the President will travel to Leesburg, VA to deliver remarks at the House Democratic Issues Conference

Friday: Attends meetings at the White House

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Steve Benen: Last night, if you were watching the Super Bowl you saw a rather powerful ad on gun policy  …. The spot, sponsored by Mayors Against Illegal Guns, urges policymakers to approve a universal background check, and features “America, the Beautiful” against the backdrop of young children.

About 12 hours earlier, Americans could see theNRA’s Wayne LaPierre on “Fox News Sunday,” making a very different kind of argument: “I make the same thing during the campaign, when he said to people I will not take away your rifle, shotgun, handgun. They leafletted the country with flyers like this, ‘Obama is not going to take your gun, Obama is going to protect gun rights.’ And, now, he’s trying to take away all three.”

…..  therein lies the problem: the policy debate has become increasingly strained because one of the most influential lobbying groups in Washington relies on arguments based on evidence the organization has simply made up…..

Full post here

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Josh Marshall (TPM): I just found out that last September the NRA published an official list of gun enemies including the ADA, AMA, ADL, Mel Brooks, Chaka Khan and hundreds of other domestic gun enemies…..

The following organizations have lent monetary, grassroots or some other type of direct support to anti-gun organizations. In many instances, these organizations lent their name in support of specific campaigns to pass anti-gun legislation such as the March 1995 HCI “Campaign to Protect Sane Gun Laws.” Many of these organizations were listed as “Campaign Partners,” for having pledged to fight any efforts to repeal the Brady Act and the Clinton “assault weapons” ban. All have officially endorsed anti-gun positions.

More here

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Michael Tomasky: The Strangest NRA Story Yet – The fact that the NRA was keeping a list of its foes isn’t all that bizarre. But the list itself is positively loony — yet more evidence of just how nuts the NRA is

One of the sure markers of the paranoid mind is the urge to keep lists. In particular, lists of enemies, subversives, no-goodniks ….  It virtually goes without saying that the keepers of such lists are always the bullies who survive by fomenting hatred and making sure that their constituents stay in a state of constant agitation. And so it was no surprise to learn over the weekend that the NRA has a little list of 497 people and organizations who are in some way, shape, or form anti-gun. It makes for hilarious reading, although it’s sort of frightening to think about the demented minds of the people who assembled it.

More here

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Paul Krugman: ….. There was, however, one piece of the reform that was a shining example of how to do it right: the creation of a Consumer Financial Protection Bureau, a stand-alone agency with its own funding, charged with protecting consumers against financial fraud and abuse. And sure enough, Senate Republicans are going all out in an attempt to kill that bureau.

….. Right now, all the media focus is on the obvious hot issues — immigration, guns, the sequester, and so on. But let’s try not to let this one fall through the cracks: just four years after runaway bankers brought the world economy to its knees, Senate Republicans are using every means at their disposal, violating all the usual norms of politics in the process, in an attempt to give the bankers a chance to do it all over again.

Full article here

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Steve Benen: Long-time viewers of The Rachel Maddow Show may recall the “Geek Week” segments aired in May 2010, which included an interview with Energy Secretary Steven Chu. (The segment also noted why At Least I Am A Nerd.com still redirects to the show’s video player.)

Nearly three years later, we’ve learned that Chu, a Nobel Prize-winning physicist, will leave his post in President Obama’s second term, stepping down from the Department of Energy later this month. With this in mind, it’s worth pausing to appreciate the significance of Chu’s first-term efforts, which haven’t generated front-page news, but which carry extraordinary significance…..

More here

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Morning!

02
Oct
12

This, That (and the Other)

OFA

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Today:

2:0: Michelle Obama speaks to grassroots supporters in Cincinnati

9:25: Michelle Obama delivers remarks at a campaign event in Seattle

CBS have the first speech in their schedule, not sure whether the second one will be shown

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Detroit News: General Motors said its September sales rose 1.5 percent to 210,245 vehicles, marking its best September since 2008.

Chrysler Group LLC beat analyst expectations as its September sales rose 12 percent, while Ford Motor Co. sales remained flat in September compared to the same month a year ago.

GM said passenger car sales jumped 29 percent from the same month a year ago, while sales of mini, small and compacts shot up a combined 97 percent.

….. Chrysler reported its best September sales total in five years. The Auburn Hills automaker sold 142,041 vehicles last month; September also marked the 30th consecutive month that Chrysler has experienced year-over-year sales gains.

More here

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CNNMoney: American Express will refund $85 million for what government officials called deceptive practices involving about 250,000 customers.

The Consumer Financial Protection Bureau said Monday that American Express (AXP, Fortune 500) subsidiaries illegally charged late fees, deceived customers by promising non-existent money rewards, and discriminated against new applicants over the age of 35.

“Laws were violated at all stages of the game,” said CFPB director Richard Cordray in a statement …. In addition to refunding customers, American Express will pay a $27.5 million penalty…

More here

Thanks amk

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Quinnipiac: An 18 point lead among women puts President Barack Obama ahead of Gov. Mitt Romney 49 – 45 percent among likely voters nationwide, and voters expect 54 – 28 percent that the president will win the debates, according to a Quinnipiac University national poll released today.

…. “It is very difficult to win an election when you are getting shellacked among women,” said Peter A. Brown, assistant director of Quinnipiac.

More here

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Click to see the rest of the post

25
Sep
12

Rise and Shine

GottaRegister

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10:45: Vice President Joe Biden delivers remarks at a campaign event in Chesterfield, Virginia

(Don’t forget The View today)

1:25: President Obama departs New York City

2:35: Arrives at the White House

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NYT Editorial: Mitt Romney …. told CBS News’s “60 Minutes” that he is tied with President Obama; he has a “very effective campaign; it’s doing a very good job” …. That’s an outright denial of political reality, but Mr. Romney’s willingness to stray from the truth is at the root of what’s really going on….

To some extent, Mr. Romney’s diminishing stature is because of two recent statements that revealed his deficiencies to a newly interested audience. He falsely suggested that the Obama administration was sympathetic to the violent Muslim protests in Libya and Egypt, illustrating his ignorant and opportunistic critique of foreign policy. And he was caught on video belittling nearly half the country for an overreliance on government handouts.

These moments, though, were not fumbles or gaffes. They were entirely consistent with the dismissive attitude Mr. Romney has routinely shown toward non-Americans or the non-rich….

Mr. Romney is free to pursue this shallow, cavalier campaign for six more weeks, but he shouldn’t be surprised if voters increasingly choose not to pay attention.

Full editorial here

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BBC: America’s sixth-largest credit card issuer has agreed to pay $200m in refunds to settle accusations it misled customers into add-on services.

Discover Bank will also pay a $14m fine, after regulators said it enrolled clients in schemes such as credit monitoring, without consent.

It is the third public enforcement action taken by the Consumer Financial Protection Bureau (CFPB).

More than 3.5 million customers are to receive refunds. About two million of them will be repaid all the charges against them.

More here

Thank you amk

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Click here to see the rest of the post

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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02
Sep
11

‘the senate refuses to consider obama nominees’

Barney Frank (in the Washington Post): …. The president has nominated Richard Cordray, an able, experienced and thoughtful former state attorney general who has a record of achievement in protecting individuals against financial abuse, to head the Consumer Financial Protection Bureau. And the Republican minority in the Senate has announced that it intends to deny any consideration of the individual …. they will do that by blatantly distorting the Constitution…..

Cordray is just the latest capable, dedicated public servant to fall victim to a Republican mugging …. his record as attorney general of Ohio puts him in a small group of people able to act effectively to deal with the mortgage crisis. No one has raised any questions about his intelligence, integrity or dedication.

Yet his nomination will not even be fairly considered by the full Senate …. They will not confirm anyone until the Senate majority reverses itself to once again put bank regulators in a position to overrule virtually all of the policies that would be set by the consumer agency. The president is being told that the price of having a nominee confirmed is reversing himself on a major policy initiative that has already been enacted.

…. Cordray’s hearing is scheduled for Tuesday, and we’re going to see an extraordinarily qualified administrator of an important consumer protection agency be trashed by the Senate Republican minority because their primary goal is to ensure that financial institutions are not troubled by what they may see as an excessive concern for consumer fairness.

They are now refusing to confirm any recess appointment …. It is the legislative equivalent to an arsonist having set a fire and objecting to a building’s inhabitants using the fire exit.

Full article here




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