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The Fall of Dennis Hastert

There was a time in the not so distance past when Dennis Hastert was just a few steps away from the presidency. Now, the former Speaker of the House is in a world of badness and hurt.

First, remember Congressman Mark Foley and Dennis Hastert? I covered the issue pretty well – here, here and here. Talking Points Memo has a nice summary – Ever since yesterday’s shocking revelations, it seemed like news like this would come out as the underlying bad act behind Denny Hastert’s public downfall. Because of that, the almost decade old Mark Foley scandal has rushed back into the minds of everyone who covered that story at the time. To review, if you weren’t around at the time, in September 2006, in the death throes of the old Republican majority, it emerged that Congressman Mark Foley had had sexual interactions with male members of the Congressional page program, i.e. high school age students. Foley was not out as a gay man, though I think it was widely known or at least assumed that he was gay.

It now appears that the former Congressman paid $3.5 million in hush money to have some of his old sexual misconduct swept under the rug.

Hastert was indicted Thursday on charges of structuring bank withdrawals to avoid federal reporting requirements and lying to the FBI about those withdrawals. The former speaker allegedly had withdrawn $1.7 million in cash out of $3.5 million he agreed to pay an unidentified individual in compensation for “prior misconduct” on Hastert’s part that had occurred years earlier.

I really will not be posting much on this story. This is a personal tragedy.

By |2015-06-03T19:08:56-04:00June 2nd, 2015|House of Representatives, Party Politics|Comments Off on The Fall of Dennis Hastert

Economy Gains Jobs in July

economy

It is becoming harder and harder for the GOP to bash Obama on the economy. We gained another 162,000 jobs in July.

From BLS:

Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and drinking places, financial activities, and wholesale trade. (more…)

By |2013-08-04T22:14:38-04:00August 2nd, 2013|Economy|Comments Off on Economy Gains Jobs in July

More jobs than we originally thought

This is unexpected good news. Oh, wait. There is a group of Americans who can’t stand any good economic news. This will be seen by Fox News as evidence that the Obama administration is playing with the numbers. Whatever. As far as I know, when the numbers are bad conservatives are plenty happy with the BLS. It is only when the numbers start to look better that they have a problem.

From TP:

New data released this morning by the Bureau of Labor Statistics shows that the private-sector added 450,000 more jobs as of March 2012 than previously thought. This means that the economy has crossed the threshold and more jobs have been created than lost during President Obama’s term.

This is a remarkable accomplishment—and one that would not have happened without the Recovery Act and other policies developed by this administration and passed by the 111th Congress in 2009. When President Obama was sworn in, the economy was losing jobs to the unprecedented tune of over 20,000 per day. Between the beginning of 2008 and February 2010 when the tide began to turn, the economy lost nearly 8.8 million jobs—4.3 million on Obama’s watch and almost 4.5 million under President Bush’s.

In February 2009, the American Recovery and Reinvestment Act was signed into law and funds began almost immediately moving their way through the economy and the pace of job losses slowed, turning positive a year later. Since February 2010, including the newly revised data, the economy has added 4.4 million total payroll jobs, an average of 135,00 per month.

Even so, today’s data contained another glaring statistic: the economy has lost more than 700,000 public sector jobs since 2009, holding back the overall recovery. Without those losses, our unemployment rate would be at least a full point lower.

By |2012-09-29T20:48:19-04:00September 28th, 2012|Economy|Comments Off on More jobs than we originally thought
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