Tag Archives: federal reserve chairman

Wednesday Evening News Roundup

Wednesday Evening News Roundup

We must remember the Republican strategy that was devised by Nixon and perfected by Reagan – divide and conquer. You must paint your opponent as someone who is not one of us. He’s not a real American. They did it to John Kerry. They did it to Al Gore. Now, a Romney aide stated that President Obama does not understand the “Anglo-Saxon heritage” shared by the United States and Britain. It is almost as if he were an outsider. He didn’t take Western Civilization in junior high school. Fortunately, our president did pay attention in junior high school, high school and college. He understands our heritage extremely well. This is just another attempt to paint the president as an outsider.

Progressives versus Regressives by Robert Reich

While in London, Mitt Romney is hoping to bask in the glory of the Olympics. He’s hoping that some of the Olympic magic may rub off on him. While in London, he will be meeting with a group of extremely influential bankers (never mind the banking LIBOR scandal) who are paying upwards of $75,000 per plate to have dinner with him. You already know what’s going to be discussed. Cut regulations. Let us continue to rape and pillage America, Europe and the world. Continue reading Wednesday Evening News Roundup

Wednesday’s News Roundup

I’m simply running around like a chicken…you know the rest.

From Political Animal:

  • Escalation in Libya: “In a sudden, sharp escalation of NATO’s air campaign over Libya, warplanes dropped more than 50 bombs on targets in Tripoli on Tuesday, obliterating large areas of Colonel Muammar el-Qaddafi’s Bab al-Aziziya command compound.” (Ed. note – I thought that we weren’t targetting Gaddafi? I’m just askin’.)
  • Congress won’t act, and the Fed doesn’t want to: “Federal Reserve Chairman Ben Bernanke conceded that the economic recovery is ‘frustratingly slow’ for millions of unemployed Americans, but threw cold water on the notion that the central bank can be a cure-all for the economy’s ills.”
  • On the other hand, Bernanke expects stronger growth in the second half of 2011, as Japan recovers and gas prices come down. (Ed note: I truly get uncomfortable when the Fed Chairman has to hope that gas prices will stabilize.)
  • President Obama believes the economy has to “accelerate,” but he rejected the notion of a double-dip recession.
  • Pelosi wants an investigation into the Weiner controversy: “In a letter to Ethics Committee Chairman Rep. Jo Bonner (R-Ala.) and Rep. Linda Sanchez (D-Calif.), the ranking Democrat on the committee, Pelosi (D-Calif.) said an investigation of Weiner is needed due to ‘inappropriate’ conduct. “ (Others have called for Weiner to stepdown including me.)
  • I hope this doesn’t mean the end of the White House White Board: “Austan Goolsbee, a longtime adviser to President Obama and the only economist left on his core economic team, plans to leave as chairman of the Council of Economic Advisers by September after a year in the job to return to the University of Chicago.”
  • The story of the Catherine Ferguson Academy in Detroit, which is now closing, is just heartbreaking. Austerity in America. (ed note: This is more than sad. It is poke in the eye of those Americans who have made a mistake and are trying to get back on the right track.)
  • The Washington Post fact-checker said President Obama exaggerated a bit in his recent remarks about the auto industry. Given the details, I’m glad the White House fact-checked the fact-checker.
  • Figuring out how much college costs should be much easier.
  • Andy Sabl has a smart post about why the right offers mixed messages on Europe: “It’s all about the secularism.”
  • Yes, Lieberman can get even worse: “Sen. Joseph Lieberman (I-Conn.) plans to attend a Glenn Beck rally in Jerusalem.”
  • On a related note, Glenn Beck plans to charge his minions $5 to $10 a month to watch his online network, which will be the exclusive home of his talk show. Prediction: this will end badly.
  • And George W. Bush’s $2.5 trillion in tax cuts were launched exactly 10 years ago today. One of these days, they’re bound to deliver the rewards Republicans promised at the time, right?

Friday Grab bag

Kind of trying to get a few other things done. The blog isn’t getting my full attention. Sorry.

From Political Animal:

  • A new domestic threat? “A piece of mail addressed to Homeland Security Secretary Janet Napolitano ignited Friday at a U.S. Postal Service facility in Washington, a day after suspicious letters ‘flared up’ at state government buildings in neighboring Maryland, authorities said…. FBI spokeswoman Lindsay Godwin said initial information indicated the parcel that ignited in northeast Washington about 2:45 p.m. was similar to the two packages opened in Maryland on Thursday.”
  • Bernanke breathes a little easier: “The Federal Reserve chairman, Ben S. Bernanke, told senators on Friday that he expected the recovery to be ‘moderately stronger’ this year…. ‘We have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold,’ Mr. Bernanke told the Senate Budget Committee.”
  • The apology: “In a letter to be distributed Friday night, Reps. Pete Sessions and Mike Fitzpatrick apologize to all 433 of their House colleagues for voting after missing out on taking their official oath of office during Wednesday’s opening ceremonies of the 112th Congress.”
  • Popular or not, the Recovery Act kept 4.5 million Americans out of poverty.
  • Jay Newton-Small notices that the new House Republican majority is off to “a rocky start.” That’s certainly true.
  • On a related note, the Democratic National Committee seems to enjoy going on the offensive, hammering the new GOP majority for abandoning its own spending-cut promise.
  • Anti-immigrant Republicans have come up with a new idea, being explored at the state level: two-tiered birth certificates, guaranteeing literal second-class citizens based on the immigration status of one’s parents.
  • Undermining the very idea behind a counter-insurgency strategy in Afghanistan.
  • Dick Morris still doesn’t know what he’s talking about.
  • We reported over the summer that community colleges needed to do a better job with the speed at which students can complete programs, and explained the benefits of accelerating existing programs with some federal labor funds. The Obama administration appears to agree with us.
  • Rush Limbaugh, still racist.
  • By now, just about everyone in America has seen or heard about Ted Williams, the homeless man with the extraordinary radio voice. A Columbus Dispatch videographer posted the extraordinary clip to YouTube, watched it get 12 million hits, and created one of the greatest social media stories ever. And then the Columbus Dispatch decided to yank it from YouTube. I really wish more outlets understood the Internet better. (Ed. note: Although Political Animal is right this is a great story. I’m not really all that interested in one guy getting a job. I’m gong to get all warm and fuzzy when the unemployment rate is under 5%. I’m going to get all misty eyed when millions of eager men and women can and do get jobs in this country.)