U.S. Budget Deficit Shrinks to 4 Year Low

U.S. budget deficit shrinks by over $200 billion, reaches 4-year low

Oct 12, 2012 4:48 PM EDT By Steve Benen – maddowblog

As the job market improves and unemployment falls, one of the central attacks from Romney/Ryan against President Obama has to do with the deficit. The attack overlooks Paul Ryan’s role in creating the massive deficit, the inconvenient fact that Romney hasn’t presented a deficit-reduction plan, and the problem that the Romney/Ryan agenda would appear to make the deficit significantly worse, but that their story and they’re sticking to it.

It’s worth noting, then, that as of today, the U.S. federal budget deficit has shrunk — a lot.

I put together this new chart reflecting the deficit over the course of the last four years. It starts with the figures released in 2009, when the deficit reached a record high of $1.4 trillion. Why is the column in red? Because, thanks to fiscal years, Obama inherited a deficit of nearly $1.3 trillion from Bush/Cheney the moment he took the oath of office.

This year, however, according to the official data published by the Treasury Department, the deficit was $1.089 trillion.

When the president’s critics spin this, they’ll say, “The deficit was over $1 trillion again,” and that will be accurate. What the criticism fails to note, however, is that (a) the deficit is now much smaller than it was when Obama took office; (b) this is the smallest deficit we’ve seen in four years; (c) this new figure represents an improvement of over $200 billion since last year; and (d) the main drivers of the remaining deficit are Republican policies.

I should note that all of this is predicated on the assumption that deficits are something bad to be avoided, and that a shrinking deficit is necessarily encouraging news. There’s a competing school of thought — which I’m sympathetic to — that suggests the deficit is currently too small, and that given economic conditions, interest rates, and the current yield of Treasuries, we should be borrowing far more and investing that money in job creation.

But for the purposes of political conversation, such an argument is probably a non-starter; the public has come to believe a deficit that’s getting smaller is good news.

If so, Obama has something to brag about — very few presidents of the last generation can say they managed to shrink the deficit by over $200 billion, even during difficult economic times.

.

US vs World Economic Recovery Comparision:

International Demand for U.S. Assets Rises on Europe

Sep 18, 2012 8:07 AM PT By Meera Louis – bloomberg

International purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe.

Net buying of long-term equities, notes and bonds totaled $67 billion during the month, up from net purchases of $9.3 billion in June, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $27.5 billion of long-term assets, according to the median estimate.

“The data suggest that European private investors used Treasuries and agencies to protect against deterioration in the euro financial markets in July,” said Guy LeBas, chief fixed- income strategist at Janney Montgomery Scott LLC in Philadelphia. “That trend will likely continue into August’s data.”

U.S. assets have maintained their attraction as Spanish banks are hemorrhaging deposits and European leaders are still squabbling over the next steps needed to overcome the sovereign debt crisis. A Sept. 14 European Union finance ministers meeting in the Cypriot capital of Nicosia deadlocked over the timetable for a more unified EU banking sector.

For more: http://www.bloomberg.com/news/2012-09-18/international-demand-for-u-s-assets-rises-on-europe-crisis.html

Table

Published on Sep 26, 2012 by BarackObamadotcom

Read the President’s plan: http://OFA.BO/SAzDgd

During the last weeks of this campaign there will be debates, speeches and more ads. But if I could sit down with you in your living room or around the kitchen table here’s what I’d say:

When I took office we were losing nearly 800,000 jobs a month and were mired in Iraq. Today I believe that as a nation we are moving forward again. But we have much more to do to get folks back to work and make the middle class secure again.

Now, Governor Romney believes that with that even bigger tax cuts for the wealthy and fewer regulations on Wall Street all of us will prosper. In other words he’d double down on the same trickle down policies that led to the crisis in the first place. So what’s my plan?

First, we create a million new manufacturing jobs and help businesses double their exports. Give tax breaks to companies that invest in America, not that ship jobs overseas.

Second, we cut our oil imports in half and produce more American-made energy, oil, clean-coal, natural gas, and new resources like wind, solar and bio-fuels—all while doubling the fuel efficiencies of cars and trucks.

Third, we insure that we maintain the best workforce in the world by preparing 100,000 additional math and science teachers. Training 2 million Americans with the job skills they need at our community colleges. Cutting the growth of tuition in half and expanding student aid so more Americans can afford it.

Fourth, a balanced plan to reduce our deficit by four trillion dollars over the next decade on top of the trillion in spending we’ve already cut, I’d ask the wealthy to pay a little more. And as we end the war in Afghanistan let’s apply half the savings to pay down our debt and use the rest for some nation building right here at home.

It’s time for a new economic patriotism. Rooted in the belief that growing our economy begins with a strong, thriving middle class. Read my plan. Compare it to Governor Romney’s and decide for yourself. Thanks for listening.

Read the President’s plan: http://OFA.BO/SAzDgd

.

U.S. Sees First Debt Reduction Since 2007 as Revenue Rises

Apr 29, 2013 1:41 PM PT By Meera Louis – bloomberg

The U.S. Treasury Department (USGG10YR) projected it will reduce government debt this quarter for the first time in six years as tax receipts exceed forecasts and spending diminishes.

The pay-down in net marketable debt was estimated at $35 billion in the April-June period, compared with a projection three months ago for net borrowing of $103 billion, the department said in a statement today in Washington. Treasury officials also see net borrowing of $223 billion in the quarter starting July 1. The estimates set the stage for the department’s quarterly refunding announcement on May 1, when debt issuance plans will be released.

A sustained economic expansion and across-the-board spending cuts known as sequestration may help deliver the first net decline in debt since 2007, when the government lowered borrowing by $139 billion before the global financial crisis spawned the worst recession since the 1930s. While the economy’s strength is helping boost tax revenue, total U.S. public debt outstanding is approaching $17 trillion.

“This is a substantial revision,” said Thomas Simons, a government debt economist at Jefferies LLC in New York. Still, “it is possible that Treasury will take a wait-and-see approach in evaluating the sustainability of the recent surge in tax receipts before making adjustments” to debt auctions, he said.

For more: http://www.bloomberg.com/news/2013-04-29/treasury-says-it-will-pay-down-35-billion-in-debt-this-quarter.html

RE-ELECT OBAMA /BIDEN 2012 

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80 Responses to U.S. Budget Deficit Shrinks to 4 Year Low

  1. CR says:

    WH

    Wednesday, October 24, 2012

    All Times Eastern

    President Obama receives the presidential daily briefing.

    7:00 AM
    8:00 AM
    President Obama departs the White House en route Joint Base Andrews.

    8:15 AM
    President Obama departs Joint Base Andrews.

    9:00 AM
    10:00 AM
    10:15 AM
    President Obama arrives in Davenport, Iowa.

    10:30 AM
    Vice President Biden attends a campaign event
    Marion Harding High School, Marion, OH

    11:00 AM
    11:10 AM
    President Obama attends a campaign event
    Mississippi Valley Fairgrounds, Davenport, IA

    12:00 PM
    12:45 PM
    Vice President Biden attends a campaign event
    Marion Harding High School, Marion, OH

    1:00 PM
    2:00 PM
    2:15 PM
    President Obama departs Davenport, Iowa.

    3:00 PM
    4:00 PM
    4:55 PM
    President Obama attends a campaign event
    Meadow at City Park, Denver, CO

    5:00 PM
    6:00 PM
    6:30 PM
    Vice President Biden and Dr Jill Biden host a reception at the Naval Observatory commemorating Breast Cancer Awareness Month.

    7:00 PM
    8:00 PM
    8:25 PM
    President Obama arrives Los Angeles, Calif.

    9:00 PM
    9:30 PM
    President Obama tapes his fifth appearance on Jay Leno’s “The Tonight Show”

    10:00 PM
    10:45 PM
    President Obama departs Los Angeles, Calif.

    11:00 PM
    11:45 PM
    President Obama arrives Las Vegas, Nev.

    12:00 AM
    12:35 AM
    President Obama delivers remarks at a campaign event.
    Doolittle Park, Las Vegas, NV

  2. CR says:

    U.S. Budget Deficit Shrinks to 4 Year Low

    U.S. budget deficit shrinks by over $200 billion, reaches 4-year low

    Oct 12, 2012 4:48 PM EDT By Steve Benen – maddowblog

    As the job market improves and unemployment falls, one of the central attacks from Romney/Ryan against President Obama has to do with the deficit. The attack overlooks Paul Ryan’s role in creating the massive deficit, the inconvenient fact that Romney hasn’t presented a deficit-reduction plan, and the problem that the Romney/Ryan agenda would appear to make the deficit significantly worse, but that their story and they’re sticking to it.

    It’s worth noting, then, that as of today, the U.S. federal budget deficit has shrunk — a lot.

    I put together this new chart reflecting the deficit over the course of the last four years. It starts with the figures released in 2009, when the deficit reached a record high of $1.4 trillion. Why is the column in red? Because, thanks to fiscal years, Obama inherited a deficit of nearly $1.3 trillion from Bush/Cheney the moment he took the oath of office.

    This year, however, according to the official data published by the Treasury Department, the deficit was $1.089 trillion.

    When the president’s critics spin this, they’ll say, “The deficit was over $1 trillion again,” and that will be accurate. What the criticism fails to note, however, is that (a) the deficit is now much smaller than it was when Obama took office; (b) this is the smallest deficit we’ve seen in four years; (c) this new figure represents an improvement of over $200 billion since last year; and (d) the main drivers of the remaining deficit are Republican policies.

    I should note that all of this is predicated on the assumption that deficits are something bad to be avoided, and that a shrinking deficit is necessarily encouraging news. There’s a competing school of thought — which I’m sympathetic to — that suggests the deficit is currently too small, and that given economic conditions, interest rates, and the current yield of Treasuries, we should be borrowing far more and investing that money in job creation.

    But for the purposes of political conversation, such an argument is probably a non-starter; the public has come to believe a deficit that’s getting smaller is good news.

    If so, Obama has something to brag about — very few presidents of the last generation can say they managed to shrink the deficit by over $200 billion, even during difficult economic times.

    Source: http://goo.gl/5cW3a

    • CR says:

      This Is The Biggest Economic Story In The World

      Oct. 17, 2012, 1:45 PM Joe Weisenthal – businessinsider

      http://www.businessinsider.com/consumer-comeback-2012-10

    • CR says:

      Redoubling Efforts to Support American Manufacturing

      Acting Secretary Rebecca Blank August 16, 2012 11:00 AM EDT

      I just returned from the White House Business Council American Economic Competitiveness Forum on Manufacturing, where I had an opportunity to hear from a group of American manufacturers—representing businesses of all sizes from across the country—about how the Obama Administration can continue to support them as they build things here and sell them everywhere. As we have seen in recent months, manufacturing is one of the bright spots for our economy. Over the past two and a half years, more than half-a-million manufacturing jobs have been created in the U.S. – the strongest job growth in that sector since the 1990s. In fact, just last month, an additional 25,000 new manufacturing jobs were added.

      In terms of production, manufacturing output is up 20 percent since 2009, and increased again in July. One manufacturing sector that has been consistently strong is the motor vehicles and parts industry, which has added 165,000 jobs since June 2009— a sector that might not even exist in the U.S. today if not for the assistance this Administration gave to the U.S. auto industry in 2009.

      This matters because we know that manufacturing jobs are good jobs that pay more than average and provide greater benefits. They strengthen economic security for middle class families.

      There is a powerful link between America’s ability to make things and America’s ability to innovate, compete, and create good jobs. We have come to realize that you can’t separate innovation and production—they have to sit near each other. Manufacturers perform 70 percent of all private sector R&D, investing in and producing technological advances that accounted for 90 percent of U.S. patents. Economic research indicates that innovation – in new products or new processes – was central to three-quarters of the nation’s economic growth since World War II and it is not an accident that the manufacturing sectors where America is most competitive are all advanced manufacturing, where new technologies, new products or new production processes are central to the success of specific firms.

      And, of course, manufacturing doesn’t just support production jobs; it also supports non-manufacturing jobs up and down the supply chain.

      That is why across the Administration, we are redoubling our efforts to promote a vibrant manufacturing sector. We are acting on the findings of a report that we released entitled, “ The Competitiveness and Innovative Capacity of the United States.” It outlined steps needed to support America’s innovators and entrepreneurs. The report outlines a number of investments this country needs to make to remain competitive over the next two decades.

      For more: http://www.whitehouse.gov/blog/2012/08/16/redoubling-efforts-support-american-manufacturing

    • CR says:

      Factory Job Gains Under Obama Best Since Clinton: BGOV Barometer

      Sep 25, 2012 9:00 PM PT By Shobhana Chandra – bloomberg

      In an election focused on jobs, President Barack Obama can boast of crossing one milestone: the longest stretch of employment gains in manufacturing in almost two decades.

      The BGOV Barometer shows U.S. factory positions have grown since early 2010, arresting a slide that began toward the end of the 1990s. It’s the best showing since the era of Bill Clinton, the only president in the last 30 years to leave office with more factory jobs than when he began.

      “The gain in manufacturing jobs is certainly helpful, it is one way to show we’re moving forward,” said Terry Madonna, a political science professor and director of the Franklin & Marshall College poll in Lancaster, Pennsylvania. “President Obama has to create a psychology all over the country that things are getting better. This is a piece explaining that idea.”

      For more: http://www.bloomberg.com/news/2012-09-26/factory-job-gains-under-obama-best-since-clinton-bgov-barometer.html

    • CR says:

      Study: Obama’s plan would create more 1.1 million jobs in 2013. Romney’s plan would create 87,000.

      September 27, 2012 at 12:21 pm Posted by Suzy Khimm – washington post

      The Economic Policy Institute has run the numbers and finds that President Obama’s budget would boost economic growth far more than Republican challenger Mitt Romney’s.

      Obama’s plan would create 1.1 million jobs in 2013 and 280,000 jobs in 2014, while Romney’s budget would create 87,000 jobs in 2013 and lose 641,000 jobs in 2014, provided that his plans are deficit-financed, according to a new EPI study (pdf).

      obama-vs-romney-job-creation-plan

      How did EPI come to its conclusions? By using multipliers of the GDP impact of spending and tax policies based on those published by Mark Zandi, chief economist for Moody’s Analytics.

      “Large cuts in government spending will exert a strong drag on economic activity while large output gaps persist,” EPI explains. At the same time, “tax cuts, particularly tax cuts for businesses and higher-income households, are highly ianefficient at spurring growth.” By Zandi’s calculations, general government spending has a multiplier effect of 1.4 for every $1 spent, while a payroll tax cut for employers has just a 1.04 multiplier effect.

      According to EPI, the growth in jobs under Obama’s plan would primarily come from the American Jobs Act, which includes $142 billion in temporary spending, as well as some tax cuts. By contrast, EPI calculates that Romney’s major spending cuts — totaling an estimated $250 billion in net cuts in 2013 and 2014 — would be a drag on growth in the near term. The drag would be bigger if Romney makes his tax reform revenue-neutral, as he’s promised.

      For more: http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/27/study-obamas-plan-would-create-more-jobs-than-romneys/

    • CR says:

      US vs World Economic Recovery Comparision:
      International Demand for U.S. Assets Rises on Europe

      Sep 18, 2012 8:07 AM PT By Meera Louis – bloomberg

      International purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe.

      Net buying of long-term equities, notes and bonds totaled $67 billion during the month, up from net purchases of $9.3 billion in June, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $27.5 billion of long-term assets, according to the median estimate.

      “The data suggest that European private investors used Treasuries and agencies to protect against deterioration in the euro financial markets in July,” said Guy LeBas, chief fixed- income strategist at Janney Montgomery Scott LLC in Philadelphia. “That trend will likely continue into August’s data.”

      U.S. assets have maintained their attraction as Spanish banks are hemorrhaging deposits and European leaders are still squabbling over the next steps needed to overcome the sovereign debt crisis. A Sept. 14 European Union finance ministers meeting in the Cypriot capital of Nicosia deadlocked over the timetable for a more unified EU banking sector.

      For more: http://www.bloomberg.com/news/2012-09-18/international-demand-for-u-s-assets-rises-on-europe-crisis.html

    • CR says:

      The Choice

      Published on Sep 12, 2012 by BarackObamadotcom

      Read the President’s Plan: http://OFA.BO/MX3Ss8

      “Over the next few months you have a choice to make. Not just between two political parties or even two people. It’s a choice between two very different plans for our country.

      Governor Romney’s plan would cut taxes for the folks at the very top, roll back regulations on big banks, and he says that if we do our economy will grow and everyone will benefit.

      But you know what? We tried that top-down approach. It’s what caused the mess in the first place.

      I believe the only way to create an economy built to last is to strengthen the middle class. Asking the wealthy to pay a little more so we can pay down our debt in a balanced way. So that we can afford to invest in education, manufacturing, and homegrown American energy for good middle class jobs. Sometimes politics can seem very small. But the choice you face, it couldn’t be bigger.”

    • CR says:

      moving_america_forward

      FORWARD

      President Obama is taking a balanced approach to cutting the deficit without sacrificing investments needed to grow the economy and create jobs

      President Obama has a long-term economic plan, investing in education, small businesses, clean energy, infrastructure, and tax cuts for companies that bring jobs back to the U.S.

      President Obama is calling on millionaires and billionaires to pay their fair share, and believes no family earning less than $250,000 should face higher taxes – compare the tax plans
      President Obama responsibly ended the war in Iraq, is bringing our troops home from Afghanistan, and will use half the savings to reduce the deficit

      President Obama has improved Medicare by adding benefits like free mammograms, is closing the “donut hole” and saving seniors an average of $600 a year on prescription drugs, and extending Medicare’s life by eight years

      ——————————————-

      GOP WRONG WAY

      NOT BACKWARD

      Mitt Romney opposes asking the wealthiest to pay their fair share and instead wants to reward them with even more tax breaks, paid for by raising middle class taxes

      Mitt Romney’s plan would add $5 trillion in tax cuts skewed to the rich, either increasing the deficit or requiring tax increases on the middle-class

      Mitt Romney would slash middle class investments like education, Social Security, and Medicare

      Mitt Romney criticized the end of the Iraq war as “tragic,” and has offered no plan to bring our troops home from Afghanistan

      Mitt Romney would let Medicare go bankrupt by the end of his first term, and then turn it into a voucher

    • CR says:

      Determination

      Published on Oct 23, 2012 by BarackObamadotcom
      Read the President’s Plan: http://OFA.BO/i6gBXc

      There’s just no quit in America and you’re seeing that right now. Over five million new jobs, exports up forty one percent, home values rising, our auto industry back and our heroes are coming home.

      We’re not there yet. But we’ve made real progress and the last thing we should do is turn back now.

      Here’s my plan for the next four years: Making education and training a national priority; building on our manufacturing boom; boosting American-made energy; reducing the deficits responsibly by cutting where we can, and asking the wealthy to pay a little more. And ending the war in Afghanistan, so we can do some nation-building here at home. That’s the right path.

      So read my plan, compare it to Governor Romney’s and decide which is better for you. It’s an honor to be your President and I’m asking for your vote. So together we can keep moving America forward.

    • CR says:

      I’m Voting Democratic Because I Have A Memory The Music Video

      Published on Jul 13, 2012 by Barry Davis

      Ever since President Obama has taken office, the GOP has created their own version of American history, and people have started believing them. Well, we remember how it really was under Republican leadership.

      Join this campaign, and remind the world how much better we have it now.

  3. CR says:

    GOP WRONG WAY

    China- He said he would formally declare China a currency manipulator and would get tougher with China on human rights, religious freedom and intellectual property rights; wants more military capabilities in the Pacific to counter Beijing’s growing influence in East Asia. His company, Bain Capital shipped American jobs overseas to counties like China.

    Immigration – Favors US – Mexico border fence; opposes education benefits to illegal immigrants; opposes offering legal status to illegal immigrants who attend college, but would do so for those who serve in the military; would establish an immigration – status verification system for employers.

    Mideast- Appears to present a clearer US military threat to Iran; has spoken in favor of coveret action by the US in Syria but not military invervention; said “”Palestinians do not want peace and are committed to the destruction and elimination of Israel”

    Terrorism – Says foreign terrorism suspects should have no constitutional rights; in 2007 refused to rule out use of waterboarding to interrogate terrorist suspects; his campaign has said he doe not consider waterboarding to be torture. Said that Russia is the current biggest threat to the US.

    War – Endorse 2014 end to US combat in Afghanistan, subject to conditions at the time; would increase strength of armed forces, including number of troops and warships, addition almost $100 billion to the defense budget in 2016.

    • CR says:

      Romney’s Party Isn’t Fiscally Responsible

      Oct 8, 2012 3:30 PM PT By Betsey Stevenson & Justin Wolfers – bloomberg

      Presidential candidate Mitt Romney says he will get the U.S. government’s finances in order and make life better for business. It’s a classic Republican pitch, but to what extent does it correspond to what he might really do as president?

      Not so much, if you believe — as Republicans traditionally do — in the wisdom of markets.

      One way to assess the benefits of Republican presidencies is to look at how markets have responded to them over the years. The most reliable method is an “event study,” which analyzes the response of market prices to rapid shifts in the likelihood of a Republican in the White House. Fortunately, history has blessed us with many such natural experiments.

      Let’s take the 2004 election as a particularly stark case study. In the middle of Election Day, flawed exit-poll numbers suggested that John Kerry would win in a landslide. For the next few hours, financial markets believed that there would be a Democrat in the White House. Then, by late evening, the votes were counted, and it became clear that President George W. Bush, the Republican, had won re-election.

      The incident is a social scientist’s dream. It led financial markets to believe that the country was switching from a Republican to a Democratic administration — a shift in beliefs that was completely unconnected to other factors, such as specific political promises or the state of the economy.

      For more: http://www.bloomberg.com/news/2012-10-08/romney-s-party-isn-t-fiscally-responsible.htm

    • CR says:

      Surrogates Admit Romney Will Cut Medicare Benefits For Current Seniors

      AUGUST 21, 2012, 6:09 AM BRIAN BEUTLER – tpm

      Mitt Romney and Paul Ryan want to neutralize Democratic attacks on their plan to turn Medicare into a voucher program for future seniors by replaying the GOP’s 2010 campaign against Democratic members of Congress: by attacking President Obama for Medicare cuts he signed into law.

      As has been noted repeatedly, that strategy requires Romney and Ryan to disavow Medicare reforms the GOP recently endorsed overwhelmingly as a part of the party’s budget, which Ryan authored.

      But the ticket also contends that a key difference between Obama and Romney is that Romney won’t change Medicare at all for existing beneficiaries — only future ones. Recent statements from his advisers and surrogates, suggest the claim is false.

      As outlined in a memo the campaign released Saturday, Romney plans to repeal the Affordable Care Act in its entirety, and thus to spend over $700 billion more on the program in the coming decade than the government would spend if the health care law stands.

      That commitment would leave Medicare poised for insolvency in 2016, years before he proposes to phase in the voucher system. Which means Romney would have two options: find new Medicare cuts or taxes to extend the life of the program, or preside over its demise.

      On Fox News Sunday, Romney adviser Ed Gillespie tried to address the conundrum. “There are other reforms as well. As you know Governor Romney supports increasing over time bringing the Medicare eligibility age in line with the Social Security retirement age.”

      But raising the Medicare eligibility age is a benefit cut, and implementing the increase before 2016 would violate Romney’s pledge to leave the program unchanged for people between ages 55 and 65.

      Avik Roy, an outside health care adviser to the Romney campaign, admits that committing to billions of dollars in higher Medicare spending in the near-term will make it difficult for Romney to achieve its separate goal of reducing overall federal spending to modern lows. But he notes that Romney could make up the difference elsewhere in the budget or, by “mak[ing] other changes to the Medicare program, such as increased means-testing, that don’t alter the program’s basic structure.”

      Further means-testing of Medicare would amount to a benefit cut to current seniors.

      These admissions rest on top of the fact that by repealing the Affordable Care Act, Romney would wipe out new Medicare benefits included in the law. Repeal would result in higher payments to doctors and hospitals, and the restoration of overpayments to insurers participating in Medicare advantage. But for beneficiaries, it would re-open the Medicare prescription drug donut hole and eliminate coverage for preventive services and annual checkups that the ACA created.

      Source: http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/23/ryan-vs-obama-who-protects-medicare-more/

    • CR says:

      The Affordable Care Act shores up the Medicare trust fund. The Ryan budget shores it up in a more meaningful way but repeals the ACA’s new benefits for seniors. The Romney-Ryan plan to reverse the ACA’s cuts weakens the trust fund considerably, and their plan to repeal the ACA as a whole would hit seniors’ new benefits as well.

      Source: http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/23/ryan-vs-obama-who-protects-medicare-more/

    • CR says:

      Let’s Talk About Values

      Published on Sep 14, 2012 by DemRapidResponse

      With Paul Ryan speaking at the 2012 Values Voters Summit, its time to really “Talk About Values”

      Tweet this: http://bit.ly/Nsc4G4
      Facebook it: http://on.fb.me/PpW9oh
      Tumblr: http://bit.ly/PigSfu

      Transcript:

      Paul Ryan will be speaking at the Values Voter Summit

      Let’s talk about values

      Education:

      Student: I was just curious, if elected, what you do in regards to college tuition and making it easier for me and my classmates

      Mitt Romney: The best thing I can do for you, is to tell you to shop around

      Student: I’m a recipient of Pell Grants, I come from a very middle class family, under your plan you cut it by 15% , I was just curious as to why you would cut a grant that goes directly to the middle and lower class people that need it the most

      Paul Ryan: Because Pell Grants have been unsustainable

      President Obama: Education was the gateway to opportunity for me, it was the gateway for Michelle, it was the gateway for most of you. And now more than ever, it is the gateway to a middle class life. No family should have to set aside a college acceptance letter because they don’t have the money

      The Auto Industry:

      Mitt Romney: That’s exactly what I said, the headline you read, which said let Detroit go bankrupt

      President Obama: I’ve met workers in Detroit and Toledo who feared they’d never build another American car, and today they can’t build them fast enough because we reinvented a dying auto industry that’s back on top of the world

      Vice President Biden: This wasn’t just about cars. It was about the people who built and made those cars, and about the America those people build!

      Medicare:

      Reporter: Ryan has proposed slowing the growth of Medicare and providing future retirees with something like a voucher, to buy private health insurance

      Paul Ryan: You can call it a voucher, whatever you want

      President Obama: I will never turn Medicare into a voucher. No American should ever have to spend their golden years at the mercy of insurance companies

      The DREAM Act:

      Mitt Romney: If I were elected and Congress were to pass the DREAM Act would I veto it and the answer is yes

      Vice President Biden: President Obama believes that even though those DREAMers, those kids didn’t choose to come here, they have chosen to do right by America and it’s time for us to do right by them

      Tax Cuts for the Wealthy

      Bob Schieffer: You actually want to lower taxes on the wealthy, even lower than the Bush tax cuts

      President Obama: I refused to ask middle class families to give up their deductions for owning a home or raising their kids, just to pay for another millionaires tax cut

      Vice President Biden: For the values that define us, for the ideals that inspire us, there is only one choice, that choice is to move forward.

    • CR says:

      President Clinton Explains Mitt Romney’s $5 Trillion Tax Cut

      Published on Oct 16, 2012 by BarackObamadotcom

      Share this: http://OFA.BO/7GJS7j
      Tweet this: http://OFA.BO/GAjtKE

      President Clinton explains Mitt Romney’s $5 trillion tax cut and how middle class families with children will get an average tax increase of $2,000 to pay for $250,000 in tax cuts for multi-millionaires.

      As President Clinton shares:
      “In the first debate, Governor Romney said that he wasn’t really going to cut taxes on upper income people—he only wanted to cut taxes for middle class people. That’s not true.”

  4. Kat 4 Obama says:

    GREAT thread, CR!

    >^..^<

  5. CR says:

    U.S. Home Prices Rose 0.7% in August From July, FHFA Says

    Oct 23, 2012 5:17 PM PT By Prashant Gopal – bloomberg

    U.S. house prices rose 0.7 percent in August from July as buyers competed for a dwindling supply of property listings, the Federal Housing Finance Agency said.

    The average estimate of 15 economists in a Bloomberg survey was for a 0.4 percent gain. Prices climbed 4.7 percent from a year earlier, according to the FHFA. The previously reported 0.2 percent increase in July was revised downward to a 0.1 percent gain. The agency posted the data on its website a day before its regularly scheduled release date.

    The FHFA’s index has climbed as improving employment, a tight inventory of available homes and record-low borrowing costs help strengthen a real estate recovery. A home value index by Zillow Inc. jumped 1.3 percent in the third quarter from the previous three months, the biggest gain since 2006, the Seattle- based property-data company reported today.

    The FHFA report, which is based on single-family houses with mortgages backed by Fannie Mae or Freddie Mac, doesn’t provide a specific price. The median price of an existing single-family home, as measured by the National Association of Realtors, was $188,700 in August, up 10 percent from a year earlier.

  6. CR says:

    Immigrants come out of the shadows to fulfill a dream

    10/23/12 By Saundra Amrhein | Reuters – 8 hrs ago

    TAMPA, Florida (Reuters) – Carlos Roa celebrated this summer when the Obama administration announced a new program to defer deportation for young undocumented immigrants.

    But two months into the program, the 25-year-old activist has yet to apply.

    Roa, whose parents brought him here from Venezuela when he was two, is facing many of the same worries and complications as thousands of the other young immigrants, who call themselves “Dreamers” after the failed Dream Act legislation of 2010 that sought to put them on a path to citizenship.

    Stepping out of the shadows may identify other family members as undocumented and put them at risk of deportation.

    And after living for years under the radar, sometimes working off the books, immigrants can find it difficult to assemble all the documentation needed to prove their “continued presence” in the U.S. for at least five years, as the law requires.

    Further, some eligible young people have decided to wait until after the November 6 election to file papers, worried that if Republican candidate Mitt Romney becomes president he might cancel or modify the executive order, leaving them vulnerable to prosecution.

    For more: http://news.yahoo.com/immigrants-come-shadows-fulfill-dream-050644388.html

    • CR says:

      Napolitano says 200K illegal immigrants have applied for deferred deportation

      By Jordy Yager – TheHill

      Homeland Security Secretary Janet Napolitano said on Wednesday that more than 3,000 young illegal immigrants are applying for deferred deportation every day under the administration’s new immigration policy.

      About 200,000 young people in the country illegally have applied to defer their deportation for at least two years and get a temporary work permit since the Department of Homeland Security (DHS) began accepting applications under the new rules two months ago, according to Napolitano.

      Napolitano made that announcement in Washington on Wednesday to a panel of educators from around the country who serve on the Homeland Security Academic Advisory Council. Several members of the panel — including Antonio R. Flores, the president of Hispanic Association of Colleges and Universities — lauded the administration’s policy change.

      For more: http://thehill.com/blogs/blog-briefing-room/news/263937-napolitano-says-200k-illegal-immigrants-have-applied-for-deferred-deportation

  7. CR says:

    Maná: “Go out and vote!”

    By Mario on October 23, 2012 barackobama.com

    Maná, one of the most popular Spanish-language bands in the world, opened for President Obama at a recent rally in Las Vegas—and they took some time to speak to Latinos about the importance of voting.

    Check out what Maná had to say—then help spread the word to your friends.

    ————

    Maná apoya al Presidente Obama: “¡Salgan a Votar! – Go Out and Vote!”

    Published on Oct 23, 2012 by BarackObamadotcom

    ¿No haz votado? Visita nuestra página: http://OFA.BO/1cdPe4

    El grupo de rock mexicano Maná, comparte sus razones por apoyar al Presidente Obama y habla de lo que está en juego en esta elección.

  8. CR says:

    US may soon become world’s top oil producer
    US could soon overtake Saudi Arabia as world’s biggest oil producer; output is booming

    10/23/12 By Jonathan Fahey, AP Energy Writer | Associated Press – 17 hours ago

    NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer.

    Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.

    The boom has surprised even the experts.

    “Five years ago, if I or anyone had predicted today’s production growth, people would have thought we were crazy,” says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.

    The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year. That would be a record for the U.S. and just below Saudi Arabia’s output of 11.6 million barrels. Citibank forecasts U.S. production could reach 13 million to 15 million barrels per day by 2020, helping to make North America “the new Middle East.”

    The last year the U.S. was the world’s largest producer was 2002, after the Saudis drastically cut production because of low oil prices in the aftermath of 9/11. Since then, the Saudis and the Russians have been the world leaders.

    The United States will still need to import lots of oil in the years ahead. Americans use 18.7 million barrels per day. But thanks to the growth in domestic production and the improving fuel efficiency of the nation’s cars and trucks, imports could fall by half by the end of the decade.

    For more: http://finance.yahoo.com/news/us-may-soon-become-worlds-173923020.html;_ylt=A2KJjah67odQGwcA4bvQtDMD

  9. CR says:

    Sales of New U.S. Homes Rose in September to Two-Year High

    Oct 24, 2012 7:18 AM PT By Alex Kowalski – bloomberg

    Purchases of new U.S. homes rose in September to the highest level in more than two years as the industry that helped bring on the recession forged its way toward recovery.

    Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in August, figures from the Commerce Department showed today in Washington. The median estimate of 75 economists surveyed by Bloomberg called for sales to rise to 385,000.

    Demand for new homes is being driven by record-low mortgage rates and population growth, which will help generate business for builders like Hovnanian Enterprises Inc. (HOV) A lack of jobs and strict lending conditions still pose hurdles to a more pronounced rebound, one reason why Federal Reserve policy makers have pledged to keep pumping money into the economy.

    “We’re starting to see more and more momentum each month in the housing market,” said Robert Kavcic, a Bank of Montreal economist in Toronto, who forecast sales would rise to 388,000.
    “The months supply was back to pre-recession levels, which is definitely good news for housing starts.”

    For more: http://www.bloomberg.com/news/2012-10-24/sales-of-new-u-s-homes-climbed-in-september-to-two-year-high.html

  10. CR says:

    Good Wednesday morning everyone. I HOPE that you have a good day.

  11. COS says:

    Good day to you and my friends here CR. Yes it is a cool day. Fall is in the air. :)

  12. CR says:

    10:30 AM ET
    Vice President Biden attends a campaign event
    Marion Harding High School, Marion, OH

    CNN http://live.cnn.com

  13. CR says:

    11:10 AM ET
    President Obama attends a campaign event
    Mississippi Valley Fairgrounds, Davenport, IA

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Events/President-Obama-Kicks-Off-Two-Day-Campaign-Tour-of-Battleground-States/10737435259/

    • CR says:

      October 24, 2012

      Remarks by the President at a Campaign Event in Davenport, Iowa

      Davenport, Iowa

      10:01 A.M. CDT

      THE PRESIDENT: Hello, Iowa! (Applause.) Hello Quads! It’s good to be back. This is about as close as I get to home these days, so it is good to be back. Are you fired up? (Applause.) Are you ready to go? (Applause.)

      At the outset, let’s give Cassandra a huge round of applause for her service to our country and a great introduction. (Applause.) We’ve got your congressman here, Dave Loebsack; your mayor, Bill Gluba. (Applause.) And we’ve got all of you, and I’m really excited to see you. (Applause.)

      Now, this is the first stop on our 48-hour fly-around-campaign marathon extravaganza. (Applause.) We’re going to pull an all-nighter. No sleep. We’re starting here in Iowa, we’re going to Colorado, then we’re going to go to Nevada, then we’re going to Florida, Virginia, Ohio. (Applause.) I am going to stop in Chicago to vote. (Applause.) We’ve got early vote in Illinois just like we’ve got early vote here in Iowa.

      But I had to start in Iowa to ask you for your vote, to ask you for your support so we can finish what we started. (Applause.) Because this is where it all began 4 years ago — on your front porches, in your backyards. This is where the movement for change began. And Iowa, you will once again choose the path that we take from here.

      I know at this point — because you guys have seen a lot of TV commercials — you’ve heard Governor Romney’s sales pitch.

      AUDIENCE: Booo —

      THE PRESIDENT: No, no, don’t boo — vote. (Applause.) He has been running around saying he’s got a five-point plan for the economy. Let me tell you, it turns out it’s only a one-point plan. (Laughter.) Folks at the very top get to play by a very different set of rules than you do. They can keep paying lower tax rates than you do, keep their money in off-shore accounts. They can buy up a company, load it up with debt, lay off the workers, strip away their pensions, send the jobs overseas — and they still make a big profit while the middle class gets stuck with the bill.

      AUDIENCE: Booo —

      THE PRESIDENT: Don’t boo — vote. That was his philosophy in the private sector, that was his philosophy as governor, that’s his philosophy now. It’s not a very inspiring vision for our country.

      So two weeks from the election — because he knows that if he actually told everybody what he wants to do he probably wouldn’t get any votes, so he’s doing everything he can to make sure that you don’t notice what he’s been saying. And we’ve come up with a name for this condition — it’s called Romnesia. (Laughter.) Romnesia. I want to go over the symptoms with you, then, for it, because I don’t want you to catch it. I don’t want it to spread.

      If you say you won’t give a big tax cut to the wealthy, but you’re caught on video promising your tax cut would include the top 1 percent, then you might have Romnesia. (Laughter.)

      For more: http://www.whitehouse.gov/the-press-office/2012/10/24/remarks-president-campaign-event-davenport-iowa

    • CR says:

      President Obama Kicks Off the America Forward! Tour

      Published on Oct 24, 2012 by BarackObamadotcom

      Watch the President speak live here: http://OFA.BO/viWvx1
      Follow us on Tumblr: http://OFA.BO/SKxZuK

      President Obama is on a two-day, non-stop “America Forward!” tour with grassroots events in Iowa, Colorado and Nevada. On Thursday President Obama will continue the tour with grassroots events in Florida, Virginia and Ohio.

      The “America Forward!” tour will crisscross the nation, reaching as many voters as possible about the critical choice in this election — moving America forward toward an economy built to last with a strong middle class versus going back to the same policies that crashed our economy in the first place.

  14. CR says:

    October 23, 2012

    Presidential Proclamation — United Nations Day, 2012

    UNITED NATIONS DAY, 2012

    – – – – – – –

    BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

    A PROCLAMATION

    Sixty-seven years ago, as the world began to emerge from the shadows of war, the 51 founding member states of the United Nations came together to take up the new test of forging a lasting peace. In a decade scarred by genocide, the United Nations chose the hope of unity over the ease of division, boldly promising to future generations that the dignity and equality of human beings would be our common cause. Today, we commemorate United Nations Day by celebrating the founding ideals laid down in its Charter and reaffirming the commitments to peace building, human rights, and social progress that will guide us in the years to come.

    Throughout its history, the United Nations Charter has reflected the belief that the world is more secure when the global community acts collectively. Dedicated to assuring “the equal rights of men and women and of nations large and small,” the institution has played an essential role in addressing the conditions that make the world more just and conflict less likely — caring for children, tending to the sick, and pursuing peace in places wracked by conflict. In today’s world, this mission remains as vital as it has ever been. Across the globe, people are making their voices heard. They are insisting on their innate dignity and the right to determine their future. The United States will always stand up for these aspirations at home and abroad, and we will join our global partners in working to realize them.

    For more: http://www.whitehouse.gov/the-press-office/2012/10/23/presidential-proclamation-united-nations-day-2012

    • CR says:

      United Nations Day

      October 24, 2012 un.org

      “We are living through a period of profound turmoil, transition and transformation. Insecurity, inequality and intolerance are spreading. Global and national institutions are being put to the test. With so much at stake, the United Nations must keep pace across the spectrum of its activities — peace, development, human rights, the rule of law, the empowerment of the world’s women and youth.”

      Secretary-General Ban Ki-moon

      UN Day marks the anniversary of the entry into force in 1945 of the UN Charter. With the ratification of this founding document by the majority of its signatories, including the five permanent members of the Security Council, the United Nations officially came into being.

      24 October has been celebrated as United Nations Day since 1948. In 1971, the United Nations General Assembly recommended that the day be observed by Member States as a public holiday.

  15. CR says:

    12:45 PM ET
    Vice President Biden attends a campaign event
    Marion Harding High School, Marion, OH

    CNN http://live.cnn.com

  16. CR says:

    He’s Got it Right

    Published on Oct 24, 2012 by BarackObamadotcom

    Share this: http://OFA.BO/XMw98m
    Tweet this: http://OFA.BO/1qEtTB

    President Bill Clinton:
    “The stuff some folks are saying about President Obama sound kind of familiar. The same people said my ideas destroyed jobs—they called me every name in the book.”

    “Well we created 22 million new jobs and turned deficits into surpluses.”

    “President Obama’s got it right. We should invest in the middle class, education and innovation. And pay down our debt with spending restraint and asking the wealthy to pay a little more. Sound familiar?”

  17. CR says:

    Please join me in lighting a candle for our President, First Family and the Nation.

    http://www.gratefulness.org/candles/candles.cfm?l=eng&gi=PBO

  18. CR says:

    4:55 PM ET
    President Obama attends a campaign event
    Meadow at City Park, Denver, CO

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Events/President-Obama-Kicks-Off-Two-Day-Campaign-Tour-of-Battleground-States/10737435259/

  19. CR says:

    6:30 PM ET
    Vice President Biden and Dr Jill Biden host a reception at the Naval Observatory commemorating Breast Cancer Awareness Month.

  20. CR says:

    9:30 PM ET
    President Obama travels to Burbank, CA to tape his fifth appearance on Jay Leno’s “The Tonight Show”

  21. CR says:

    12:35 AM ET
    President Obama delivers remarks at a campaign event.
    Doolittle Park, Las Vegas, NV

    • CR says:

      October 25, 2012

      Remarks by the President at a Campaign Event — Las Vegas, NV

      Doolittle Park
      Las Vegas, Nevada

      9:35 P.M. PDT

      THE PRESIDENT: Hello, Nevada! (Applause.) Are you fired up? (Applause.) Are you ready to go? (Applause.)

      AUDIENCE: Four more years! Four more years!

      THE PRESIDENT: Thank you. Well, this is an unbelievable crowd. First of all, can everybody please give a huge round of applause to Michael for his service to our country. We are proud of him. (Applause.)

      We’ve got here your Congresswoman and next United States Senator, Shelley Berkley in the house. (Applause.) Some outstanding Nevadans who are running for Congress: Steven Horsford — (applause) — John Oceguera — (applause) — and Dina Titus. (Applause.)

      I am so grateful to Katy Perry for the unbelievable performance. (Applause.) Katy! I’m getting to know Katy. She’s just a wonderful young lady, and I can tell that part of it is because of her outstanding grandma, Ann, a 50-year resident of Nevada. So give her a big round of applause. (Applause.) That’s right. The only thing I have to say is Ann got some lipstick on me when she kissed me. (Laughter.) So fortunately somebody wiped it off before Michelle saw it. (Laughter.) I’m just telling you, you might get me in trouble. (Laughter.)

      AUDIENCE MEMBER: We love you, Obama!

      THE PRESIDENT: I love you back! (Applause.)

      Now, it is great to see all of you. This is the third stop on our 24-hour [sic] campaign extravaganza fly-around of America. (Applause.) We are pulling an all-nighter. No sleep. And if you’re not going to sleep, you might as well be in Vegas, right? (Applause.) Might as well be in Vegas. We’ve come from Colorado. We were in Iowa. I stopped by to do Leno in L.A. Right after this, we’re going to fly to Florida, Virginia, Ohio. (Applause.) I’m going to stop in Chicago to vote. (Applause.) I can’t tell you who I’m voting for because it’s a secret ballot. (Laughter.) But Michelle told me she voted for me. (Laughter.)

      See, we can vote early in Illinois, just like you can vote early here in Nevada. And I’ve come to Nevada to ask you for your vote. (Applause.) I’ve come to ask you to help me keep America moving forward. (Applause.)

      Now, you now have seen three debates, months of campaigning, way too many TV commercials. You’ve heard Governor Romney’s sales pitch.

      AUDIENCE: Booo –

      THE PRESIDENT: Wait, wait. Wait, don’t boo — vote. Vote. (Applause.) But –

      AUDIENCE: Vote! Vote! Vote!

      THE PRESIDENT: Vote! Vote! Vote!

      AUDIENCE: Vote! Vote! Vote!

      THE PRESIDENT: This is a feisty crew behind me here. (Applause.) All right, so you’ve seen all the commercials. You now have seen Governor Romney’s sales pitch. He’s been running around saying he’s got a five-point plan for the economy, except it turns out it’s a one-point plan. Folks at the top play by a different set of rules than you do. They get to pay a lower tax rate. They get to outsource more jobs. They want to see Wall Street run wild again.

      That was his philosophy in the boardroom. That was his philosophy as Governor. And if it sounds familiar, it’s because that was the philosophy that we tried in the decade before I took office, and it led to falling incomes, and the slowest job growth in half a century, and the worst economic crisis since the Great Depression. And we’ve been working for four years to clean up the mess they left behind. (Applause.)

      Governor Romney knows this. He knows his plan isn’t any different than the policies that led to our recession, so in the final weeks of this election, he has been counting on you to forget. He’s hoping you come down with — what?

      AUDIENCE: Romnesia!

      THE PRESIDENT: He’s hoping you come down with what we call “Romnesia.” (Laughter.) He’s hoping you won’t remember that his economic plan is more likely to create jobs in China than here in America, because it rewards companies that move jobs and profits overseas. He’s hoping that you won’t remember that he wants to give millionaires and billionaires a $250,000 tax cut, because the only way he can pay for it is either blowing up the deficit or asking you to pay higher taxes. He’s hoping you will come down with a severe case of Romnesia before you cast your ballot.

      For more: http://www.whitehouse.gov/the-press-office/2012/10/25/remarks-president-campaign-event-las-vegas-nv

    • COS says:

      Wow, this will be 9:35 our time CR. I will make sure I watch. :) I want his energy. :)

    • CR says:

      America Forward! day 2

      By Mary on October 25, 2012

      After last night’s Vegas event, the President took a minute to share his thoughts on day one of his 48-hour trip.

      Don’t forget you can follow along with all of today’s action at barackobama.tumblr.com.

  22. CR says:

    Obama on Mourdock: ‘Rape is rape’

    10/24/12 10:32 PM EDT By JENNIFER EPSTEIN – POLITICO44

    President Obama on Wednesday criticized Senate candidate Richard Mourdock’s controversial comments on rape, saying that the Indiana Republican was wrong when he called rape “something God intended.”

    “I don’t know how these come up with these ideas,” Obama said during a taping of “The Tonight Show” in Burbank, Calif. “Rape is rape. It is a crime.”

    “These various distinctions about rape don’t make too much sense to me, don’t make any sense to me,” he said, and adding that Mourdock’s comments show why men should not be left to make decisions on womens’ issues.

    Mourdock’s comment, made Tuesday, has mobilized the Obama campaign and Democrats to call on Mitt Romney to distance himself from the Senate candidate, who he has endorsed.

    • CR says:

      I totally agree with President Obama on Murdoch comments. President Obama was also correct on Todd Aiken’s comments about ‘legitimate rape” when reporter Jim Kuhnhenn asked the President’s reaction on August 20, 2012:

      Q Thank you, Mr. President. Thank you for being here. You’re no doubt aware of the comments that the Missouri Senate candidate, Republican Todd Akin, made on rape and abortion. I wondered if you think those views represent the views of the Republican Party in general. They’ve been denounced by your own rival and other Republicans. Are they an outlier or are they representative?

      THE PRESIDENT: Well, let me, first of all, say the views expressed were offensive. Rape is rape. And the idea that we should be parsing and qualifying and slicing what types of rape we’re talking about doesn’t make sense to the American people and certainly doesn’t make sense to me.

      So what I think these comments do underscore is why we shouldn’t have a bunch of politicians, a majority of whom are men, making health care decisions on behalf of women.

      And so, although these particular comments have led Governor Romney and other Republicans to distance themselves, I think the underlying notion that we should be making decisions on behalf of women for their health care decisions — or qualifying forcible rape versus non-forcible rape — I think those are broader issues, and that is a significant difference in approach between me and the other party.

      But I don’t think that they would agree with the Senator from Missouri in terms of his statement, which was way out there.

    • CR says:

      GOP WRONG WAY

      Romney stands by Mourdock despite rape comments

      Oct 24, 2012 1:21 PM EDT By Steve Benen – maddowblog

      Sen. Kelly Ayotte (R) of New Hampshire was scheduled to be in Indiana today, campaigning in support of Republican Richard Mourdock’s Senate candidacy. Those plans were scrapped this morning.

      Mourdock, of course, declared last night that when a woman becomes pregnant during a rape, “that’s something God intended,” which is why he’s comfortable with laws that force women impregnated by rapists to take their pregnancy to term.

      The larger question now is why Mitt Romney isn’t following Ayotte’s lead. The Republican presidential hopeful appears in a television ad on Mourdock’s behalf — Romney’s only general election ad for someone other than himself — and Romney’s running mate, Paul Ryan, has supported Mourdock’s campaign financially.

      Team Romney has said he “disagrees” with Mourdock’s comments, but that’s really only the first in a series of questions. Will Romney ask that his ad supporting Mourdock be taken down? So far, no. Will Romney pull his endorsement? Apparently not.

      Greg Sargent added:

      This is only going to snowball from here on out. Dems and women’s groups are launching an all-out attack on Mourdock’s comments, arguing that they illustrate a deeper problem within the GOP. This comes even as the battle for the female vote is intensifying, with Obama and Dems hammering Romney daily for his positions on abortion, contraception, women’s health, and pay equity, in an effort to paint the candidate and his party as hidebound, reactionary, and fundamentally untrustworthy on the issues that matter to women.

      For more: http://goo.gl/O4Y3a

  23. CR says:

    WH

    Thursday, October 25, 2012

    All Times Eastern

    2:00 AM
    2:35 AM
    President Obama departs Las Vegas, NV

    3:00 AM
    4:00 AM
    5:00 AM
    6:00 AM

    President Obama receives the presidential daily briefing.

    6:50 AM
    President Obama arrives Tampa, Florida

    7:00 AM
    8:00 AM
    8:45 AM
    President Obama attends a campaign event
    Ybor Centennial Park, Tampa, FL

    9:00 AM
    9:50 AM
    President Obama departs Tampa, Florida

    10:00 AM
    11:00 AM
    11:30 AM ET
    First Lady Michelle Obama attends a fund raising luncheon
    Private Smith Residence, Calabasas, LA

    12:00 PM
    12:05 PM
    President Obama arrives Richmond, Virginia

    1:00 PM
    1:15 PM
    President Obama attends a campaign event
    The Carillon at Byrd Park. Richmond, VA

    2:00 PM ET
    Vice President Biden attends an evening prayer service for Senator George McGovern
    Mary Sommervold Hall at the Washington Pavilion of Arts and Science, Sioux Falls, SD

    3:00 PM
    4:00 PM
    5:00 PM
    5:15 PM
    First Lady Michelle Obama visits the “Jimmy Kimmel Live.”
    Los Angeles, CA

    5:10 PM
    President Obama casts his ballot in Chicago, IL

    6:00 PM
    7:00 PM
    President Obama departs Chicago, Illinois

    8:00 PM
    8:15 PM
    President Obama arrives Cleveland, Ohio

    8:25 PM
    President Obama attends a campaign event
    Burke Lakefront Airport, Cleveland, OH

    9:00 PM
    9:35 PM
    President Obama departs Cleveland, Ohio

    10:00 PM
    10:50 PM
    President Obama arrives Joint Base Andrews

    11:00 PM
    11:05 PM
    President Obama arrives the White House
    South Lawn

  24. CR says:

    WWII vet from Hawaii dies at age 93 after casting last ballot

    10/24/12 By Audrey McAvoy – Associated Press

    HONOLULU (AP) — A World War II veteran who inspired many with his determination to vote even though he had end-stage liver cancer died Wednesday.

    Frank Tanabe’s daughter Barbara Tanabe said he died at her Honolulu home, where he has spent the past few weeks in hospice. He was 93.

    Barbara Tanabe said she put the American flag up outside the home to mark the day for him and their family.

    “He really liked it when I put out the flag,” she said.

    Hundreds of thousands of people saw a photo of Frank Tanabe filling out his absentee ballot with the help of his daughter last week, after his grandson posted the picture on the social media site Reddit.

    The photo struck a chord, prompting many to thank Frank Tanabe for his service and praise his patriotism. The story spread further when The Associated Press and other media organizations wrote about the photo and the response it generated online.

    Tanabe served in a mostly Japanese-American unit of the Military Intelligence Service during the war, interrogating Japanese prisoners in India and China.

    He volunteered for the Army from an internment camp where the U.S. government sent him as part of a policy to detain and isolate 110,000 Japanese-Americans after the start of the war with Japan. He spent time in both the Tule Lake camp in California and the Minidoka camp in Idaho.

    Decades later, Tanabe explained how he felt in an interview for a documentary tribute to Japanese-American veterans.

    “I wanted to do my part to prove that I was not an enemy alien, or that none of us were — that we were true Americans. And if we ever got the chance, we would do our best to serve our country. And we did,” he said.

    Barbara Tanabe said she told her father about all the news coverage his vote was getting, including stories that appeared in the Los Angeles Times and on the front page of the Idaho Statesman.

    “I was thinking these are the two big newspapers in Idaho and California, where he went to camp,” Barbara said. “It’s just a nice way to look back at history and say that things do turn out OK.”

    Honolulu elections officials say Frank Tanabe’s vote will be counted unless they receive his death certificate before the Nov. 6 election. Even if they do receive the certificate, it most likely won’t be practical for elections officials to pick out his ballot from the thousands of absentee ballots mailed in.

    His family knows which candidates he chose, but they’ve decided to keep that information private.

    Barbara Tanabe said it’s not important who her father voted for — it’s the voting itself that makes a difference.

    • CR says:

      WWII Veteran Fought To Cast His Last Vote

      October 27, 2012

      This is the time of a long election season when voters can begin to feel weary. You can’t watch the World Series without seeing ads so scolding and snarling you may want to shoo away your children. They can make voting seem like a nasty chore.

      When 93-year-old Frank Tanabe of Honolulu moved into the home of his daughter, Barbara, earlier this year, he had liver cancer and knew he was going to die. But his family said he was determined to hold on long enough to vote.

      Frank Tanabe grew up in Washington State. He was 22 years old and a college man when the Japanese bombed Pearl Harbor. A Japanese-American, he was sent to an internment camp.

      He volunteered to serve in the U.S. Army’s Military Intelligence Service, where he interrogated Japanese prisoners in India and China.

      “I wanted to do my part to prove that I was not an enemy alien,” he said years later in a documentary film. “And if we ever got the chance, we would do our best to serve our country. And we did.”

      Congress awarded the Congressional Gold Medal last year to all who served in the MIS and other Japanese-American units. Frank Tanabe was able to come to Washington, D.C., stand tall, and have the medal draped around his neck.

      As his illness made inroads, his family said Frank Tanabe made living long enough to vote his last goal. He used a magnifying glass to read the newspaper each day and exercised in his bed.

      Barbara Tanabe said, “I would let him know, ‘Hey, the ballots are coming next week. Just hang in there.'”

      Frank Tanabe’s absentee ballot arrived last week, and Barbara said she hurried into his room to say, ‘OK, I’m going to read you the names and you just nod yes or no.'”

      For the entire article and audio interview: http://www.npr.org/2012/10/27/163761795/wwii-veteran-fights-to-live-long-enough-to-cast-last-ballot

  25. CR says:

    Outsourcing Turns Inside-Out as Indians Open U.S. Centers

    Oct 24, 2012 9:01 PM PT By John Helyar – bloomberg

    Janie James says she was cool at first when Indian outsourcing giant Infosys Ltd. (INFO) approached her about a job near Atlanta, even though she was unemployed. She didn’t know much about the company, and it seemed a step down from her old vice-president post at Primerica Inc. (PRI)

    In the end, she decided she could use experience gleaned from her work at life-insurer Primerica and another stint at a financial-investment company to help Infosys build its insurance outsourcing business. Now James is an operations manager at the Bangalore, India, company’s first predominantly U.S.-staffed center, which opened in April.

    “They saw this was a city with a lot of people who were out of work and had the skills they needed for this center,” she said. “Anything that can be done to decrease unemployment is a great thing.”
    James is one of thousands of workers filling outsourced jobs that are coming back to the U.S., or at least not going offshore. Indian and U.S. outsourcing companies, along with corporate icons like General Motors Co. (GM) and General Electric Co. (GE), are reversing a 20-year outgoing tide.

    These companies and others, including software developer GalaxE.Solutions Inc., say some complex functions, such as human-resources and software development, are better to have closer to their own operations and to respond to customers. Indian outsourcing companies are finding it tougher to get visas for workers brought from India, and some U.S. businesses want to outsource — yet keep jobs in the country. State tax breaks also provide incentives to hire locally.

    For more: http://www.bloomberg.com/news/2012-10-25/outsourcing-turns-inside-out-as-indians-open-u-s-centers.html

    • CR says:

      pres_obama_tax_cuts_for_companies_bringing_jobs_back_to_america<br />

      We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.

      We can’t bring every job back that’s left our shore. But right now, it’s getting more expensive to do business in places like China. Meanwhile, America is more productive.

      So we have a huge opportunity, at this moment, to bring manufacturing back. But we have to seize it. Tonight, my message to business leaders is simple: Ask yourselves what you can do to bring jobs back to your country, and your country will do everything we can to help you succeed.

      We should start with our tax code. Right now, companies get tax breaks for moving jobs and profits overseas. Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in the world. It makes no sense, and everyone knows it. So let’s change it.

      First, if you’re a business that wants to outsource jobs, you shouldn’t get a tax deduction for doing it.

      That money should be used to cover moving expenses for companies like Master Lock that decide to bring jobs home.

      Second, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.

      From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here in America.

      Third, if you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making your products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help financing a new plant, equipment, or training for new workers.

      So my message is simple. It is time to stop rewarding businesses that ship jobs overseas, and start rewarding companies that create jobs right here in America. (Congress) Send me these tax reforms, and I will sign them right away.”

      President Obama – January 24, 2012 State of the Union Address

  26. CR says:

    Weekly US jobless aid applications fall to 369K

    10/25/2012 06:36:54 AM MDT – By CHRISTOPHER S. RUGABER AP Economics Writer

    WASHINGTON—Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring.

    The Labor Department said Thursday that unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week. The four-week average, a less volatile measure, rose to 368,000.

    The figures appear to have stabilized after being distorted in the previous two weeks by seasonal adjustment problems.

    Applications are a proxy for layoffs. When they fall below 375,000, it suggests hiring is strong enough to lower the unemployment rate.

    Applications have fluctuated between 360,000 and 390,000 since January. At the same time, employers have added an average of nearly 150,000 jobs a month. That’s barely enough to lower the unemployment rate, which has declined from 8.3 percent to 7.8 percent this year.

    For more: http://www.denverpost.com/nationworld/ci_21852175/weekly-us-jobless-aid-applications-fall-369k?source=rss

  27. CR says:

    Now Streaming…

    9:00 AM ET
    President Obama attends a campaign event
    Ybor Centennial Park, Tampa, FL

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Campaign2012/Events/Pres-Obama-Battleground-States-Tour/10737435310/

    • CR says:

      October 25, 2012

      Remarks by the President at a Campaign Event, Tampa, FL

      Centennial Park
      Tampa, Florida

      9:02 A.M. EDT

      THE PRESIDENT: How’s it going, Tampa? (Applause.) Are you fired up? (Applause.) Are you ready to go? (Applause.)

      Well, thank you so — can everybody please give Laura a big round of applause for that great introduction? (Applause.) We’ve also got with us here Congresswoman Kathy Castor in the house. (Applause.) Mayor Bob Buckhorn. (Applause.) My friend and your former governor, Charlie Crist. (Applause.)

      So good morning, Tampa.

      AUDIENCE: Good morning!

      THE PRESIDENT: Thanks for waking up early. (Applause.)

      You know, we are right in the middle of our 48-hour fly-around campaign extravaganza. (Applause.) We are pulling — we pulled an all-nighter last night. We just came from Iowa, Nevada, Colorado. We’re going to Virginia and Ohio. (Applause.) I’m going to stop in Chicago. I’m going to do some early voting in Chicago. (Applause.)

      I can’t tell you who I’m voting for — it’s a secret ballot. (Laughter.) But Michelle says she voted for me. (Applause.) We can vote early in Illinois, just like you can vote right now in Florida. So I’ve come to Florida today to ask you for your vote. (Applause.) I’ve come to ask you to help me keep moving America forward. (Applause.)

      And you notice, my voice is getting a little hoarse. But I’m just going to keep on — just going to keep on keeping on — (applause) — until every single person out there who needs to vote is going to go vote. (Applause.) Because the stakes are just so high, Florida.

      You’ve heard now three debates; you’ve seen months of campaigning, way too many TV ads. I know you guys are sick of the TV ads.

      AUDIENCE: Yes!

      THE PRESIDENT: Except the ones that I’m in. (Applause.) Maybe even those, too. (Laughter.) But you’ve also had a chance to see the two candidates and the two perspectives. You’ve heard Governor Romney’s sales pitch.

      AUDIENCE: Booo —

      THE PRESIDENT: Don’t boo — vote. (Applause.)

      He’s been running around saying he’s got a five-point plan for the economy — except it turns out that it’s just a one-point plan — a sketchy deal that says folks at the very top get to play by a different set of rules than you do. They get to pay a lower tax rate. They outsource jobs. They want to roll back Wall Street reform. That was his philosophy in the boardroom; that was his philosophy as a governor. And if it sounds familiar, it’s because that’s the philosophy that created a Great Recession.

      We tried that in the last decade, and it didn’t work. It led to falling incomes and the slowest job growth in half a century, and the worst economic crisis since the Great Depression. And we’ve been working hard for four years to clean it up, to clean up the mess that got left behind. (Applause.)

      And Governor Romney I think knows this — he knows his plan isn’t any different than the policies that got us into the mess. So in the final weeks of this election, he’s counting on you forgetting that his policies aren’t going to work. He’s hoping that you won’t remember and you’ll come down with a case of what we call —

      AUDIENCE: Romnesia!

      For more: http://www.whitehouse.gov/the-press-office/2012/10/25/remarks-president-campaign-event-tampa-fl

    • CR says:

      President Obama: “Thank You for Everything that You Do” – America Forward! Tour in Tampa, Florida

      Published on Oct 25, 2012 by BarackObamadotcom

      Watch the President speak live here: http://OFA.BO/viWvx1
      Follow the America Forward! Tour on Tumblr: http://OFA.BO/SKxZuK

      President Obama is on a two-day, non-stop “America Forward!” tour with grassroots events in Iowa, Colorado and Nevada. On Thursday President Obama will continue the tour with grassroots events in Florida, Virginia and Ohio.

      The “America Forward!” tour will crisscross the nation, reaching as many voters as possible about the critical choice in this election — moving America forward toward an economy built to last with a strong middle class versus going back to the same policies that crashed our economy in the first place.

    • CR says:

      President Obama: Morning Shootaround – America Forward! Tour in Tampa, Florida

      Published on Oct 25, 2012 by BarackObamadotcom

      Watch the President speak live here: http://OFA.BO/viWvx1
      Follow the America Forward! Tour on Tumblr: http://OFA.BO/SKxZuK

      President Obama is on a two-day, non-stop “America Forward!” tour with grassroots events in Iowa, Colorado and Nevada. On Thursday President Obama will continue the tour with grassroots events in Florida, Virginia and Ohio.

      The “America Forward!” tour will crisscross the nation, reaching as many voters as possible about the critical choice in this election — moving America forward toward an economy built to last with a strong middle class versus going back to the same policies that crashed our economy in the first place.

  28. CR says:

    Colin Powell endorses Obama for second term

    10/25/12 By Susan Heavey | Reuters – 17 mins ago

    WASHINGTON (Reuters) – Former U.S. Secretary of State Colin Powell on Thursday endorsed Barack Obama’s bid for re-election, citing the Democratic president’s efforts to wind down the war in Afghanistan and tackle terrorism.

    “I think we ought to keep on the track that we are on,” the Republican, who also backed Obama in 2008, told “CBS This Morning,” adding, “I voted for him in 2008 and I plan to stick with him in 2012.”

    The move comes just days after Obama and Republican challenger Mitt Romney clashed over foreign policy in the third and last presidential debate ahead of the November 6 election.

    Polls show Obama and Romney neck and neck. A Reuters/Ipsos online tracking poll gave Romney a 1-point edge on Wednesday, 47 percent to Obama’s 46 percent.

    Obama’s campaign was quick to promote the endorsement in a video statement released about 30 minutes after Powell’s appearance.

    Powell criticized Romney’s foreign policy as inconsistent and questioned the former Massachusetts governor’s ability to tackle the deficit and looming defense cuts.

    “I’m not quite sure which Governor Romney we’d be getting with respect to foreign policy,” Powell said, calling Romney’s foreign policy “a moving target.”

    As for the U.S. budget, he added: “It’s essentially, let’s cut taxes and compensate for that with other things, but that compensation does not cover all the cuts intended or the expenses associated with defense.”

    Powell has been critical of Romney’s foreign policy advisers and has taken issue with the former business executive’s stance on countries such as Russia.

    A moderate Republican, Powell served under President George W. Bush. Some of Romney’s advisers are more conservative veterans of the Bush administration.

    “There’s some very, very strong neo-conservative views that are presented by the governor that I have some trouble with,” Powell said on CBS.

    He added that other issues such as the economy and education also loomed large in his continued support for a second term for Obama.

    ———–

    Colin Powell Endorses President Obama

    Published on Oct 25, 2012 by DNCClips

    CBS This Morning – October 25th, 2012

  29. CR says:

    Consumer Comfort in U.S. Climbs to Highest Level Since April

    By Elizabeth Dexheimer – Oct 25, 2012 6:45 AM PT

    Consumer confidence last week reached a six-month high as U.S. households became less pessimistic about the economy.

    The Bloomberg Consumer Comfort Index rose to minus 34.6 in the period ended Oct. 21, the eighth gain in the last nine weeks, from minus 34.8 the previous period. Americans’ views of economy were the brightest since early May.

    Lower gasoline prices, an improving housing market and less joblessness may be helping to ease anxiety as the world’s largest economy approaches a presidential election in less than two weeks. Federal Reserve policy makers yesterday acknowledged a pickup in household spending that is helping to sustain growth as business investment and exports slow.

    “Consumer sentiment continues an impressive rebound from summertime lows, mainly due to falling gasoline costs and stabilization of housing prices,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. The labor market will “likely continue to see modest gains, which probably bolstered income expectations among households.”

    The number of Americans filing first-time applications for unemployment benefits fell last week, returning to a level that shows the labor market is making limited progress, another report today showed.

    For more: http://www.bloomberg.com/news/2012-10-25/consumer-comfort-in-u-s-climbs-to-highest-level-since-april.html

  30. CR says:

    Sales contracts to buy US homes rose last month

    By CHRISTOPHER S. RUGABER | Associated Press – 6 mins ago

    WASHINGTON (AP) — The number of Americans who signed contacts to buy homes rose only slightly, suggesting sales may level off in the coming months after solid gains in the past year.

    The National Association of Realtors said Thursday that its seasonally adjusted index of sales agreements rose in September to a reading of 99.5. That’s up from August’s reading of 99.2 but below a two-year high of 101.9 reached in July. Contracts are up 14.5 percent from a year ago.

    An index reading above 100 is considered healthy. The index bottomed at 75.88 in June 2010 after a homebuyer’s tax credit expired.

    The pending home sales index is a measure of the number of signed contracts to purchase homes. The index can signal where the housing market is headed because a signed contract usually results in a final sale one or two months later.

    The housing market has been recovering this year, helped by the lowest mortgage rates in decades, a limited supply of homes for sale and steady price increases.

    For more: http://news.yahoo.com/sales-contracts-buy-us-homes-rose-last-month-140141564–finance.html;_ylt=A2KJjajfUolQvQsAInfQtDMD

  31. CR says:

    11:30 AM ET
    First Lady Michelle Obama attends a fund raising luncheon
    Private Smith Residence, Calabasas, LA

    • CR says:

      October 25, 2012

      Remarks by the First Lady at a Campaign Event — Calabasas, CA

      Private Residence
      Calabasas, California

      2:34 P.M. PDT

      MRS. OBAMA: Wow. Goodness! Thank you all, my goodness. Thank you so much. You all, please rest yourselves, please. You all have done so much work. And I am honored and, yes, I’m going to go home, brag to Barack. (Laughter.) Go home and say, well, look at what I did. (Laughter.) No, in fact, what we did. I want to thank you all. I am beyond thrilled to be here today.

      I want to start by thanking Jada for that very powerful, touching, beautiful introduction. Back at you, truly — truly. (Applause.) It has been a privilege to get to know Will and Jada and their beautiful family. They have stepped up for us in so many ways, and it has truly just been a gift and a blessing to have you guys as friends and as part of our lives. So I want to thank the entire family for opening up this beautiful home with all your ghosts — (laughter) — and welcoming us. Thank you so much. (Applause.)

      I also want to thank our other family co-hosts and the women who lead those families, who have been by our side for so, so very long. The Lassiters, the Browns, the Carters, and of course, Salma Hayek. You guys, thank you. We love you all so deeply. Way to go. Well done. (Applause.)

      And most of all, I want to thank all of you. Twelve days and you all are right here, and it means a great deal. And I know you all are pretty fired up and ready to go — I hope you are. I hope you are. (Applause.) Because if you haven’t noticed, if you’ve seen me around town, I’m feeling pretty fired up and ready to go myself.

      The beautiful thing about campaigning is that I get to do one of my favorite things, and that is travel around the country and talk about the man that I have loved and admired for the 23 years since we first met. I am so proud of my husband. And I know we all are proud of our partners, but I am so proud of this man, standing tall.

      And what I tell folks is that although Barack is handsome, as some would say he’s fine — (laughter) — charming, incredibly smart, that’s really not why I married him. Absolutely not why I married him. What truly made me fall in love with Barack was his character. It is something we have watched for four years now. We have seen his decency and his honesty, his compassion and his conviction, and that’s the man I have always known.

      For more: http://www.whitehouse.gov/the-press-office/2012/10/25/remarks-first-lady-campaign-event-calabasas-ca

  32. CR says:

    Medicaid spending is slowing. Yes, really.

    Posted by Sarah Kliff on October 25, 2012 at 11:00 am

    The Kaiser Family Foundation surveyed all states on their Medicaid spending this year. The biggest takeaway might surprise you: Medicaid spending hit a “near-record low” in 2012, with similar trends expected in 2013.

    That’s good news for the federal budget. The entitlement program is growing more slowly than we expected at the start of this fiscal year. At the same time, that could be bad news for the program.

    Some of the spending slowdown has to do with states reducing how much they pay doctors, which could make providers less likely to accept new patients.

    First, the positive budget impact: “That was slightly less,” the Kaiser analysts note, “than the original legislative appropriations of 2.2 percent” growth set at the start of this fiscal year.

    The slowdown largely has to do with a steady drop in Medicaid enrollment. As the economy has recovered, the safety net program has seen fewer Americans seek assistance with their health care coverage. Medicaid enrollment increased by 3.2 percent in 2012, a significant drop from the 7.8 percent increase the program saw back in 2009.

    For more: http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/10/25/medicaid-spending-is-slowing-yes-really/

  33. CR says:

    1:15 PM ET
    President Obama attends a campaign event
    The Carillon at Byrd Park. Richmond, VA

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Campaign2012/Events/Pres-Obama-Battleground-States-Tour/10737435310/

    • CR says:

      October 25, 2012

      Remarks by the President at a Campaign Event — Richmond VA

      The Carillon at Byrd Park
      Richmond, Virginia

      1:11 P.M. EDT

      THE PRESIDENT: Hello, Virginia! (Applause.) Are you fired up?

      AUDIENCE: Yes!

      THE PRESIDENT: Are you ready to go?

      AUDIENCE: Yes!

      THE PRESIDENT: I’m sorry — are you fired up?

      AUDIENCE: Yes!

      THE PRESIDENT: Are you ready to go?

      AUDIENCE: Yes!

      THE PRESIDENT: Let’s begin by giving it up for your outstanding United States Senator, Mark Warner. (Applause.) And the man who’s going to join him in the United States Senate,
      Tim Kaine. (Applause.) These guys are great friends of mine. They were great governors of this great commonwealth, and they will be an extraordinary team fighting for you in Washington. (Applause.)

      You also have a great Congressman coming out of Virginia, Bobby Scott, in the house. (Applause.) Your Mayor, Dwight Jones, is here. (Applause.) And all of you are here. (Applause.) Can I just say this is a nice-looking crowd here. (Applause.)

      Now, you may have noticed that my voice sounds just a little hoarse. (Laughter.) We are right in the middle of our 48-hour fly-around campaign extravaganza. (Applause.) We pulled an all-nighter last night. We just came from Florida. We were in Iowa and Colorado and Nevada before that. We’re heading up to Ohio later today. And I’m going to stop in my hometown of Chicago to vote. (Applause.)

      I can’t tell you who I’m voting for because it’s a secret ballot. (Laughter.) But the good news is Michelle said she voted for me. (Applause.) She did. And I’ve come to Virginia today to ask you for your vote just 12 days from now. (Applause.) I need your vote! (Applause.) I’ve come to ask for your help in keeping America moving forward. (Applause.)

      For more: http://www.whitehouse.gov/the-press-office/2012/10/25/remarks-president-campaign-event-richmond-va

      ———

      President Obama and 15,000 friends in Richmond, Virginia.<br />
      President Obama and 15,000 friends in Richmond, Virginia.

  34. CR says:

    Gasoline Decline Blunting Romney Weapon: Energy Markets

    Oct 25, 2012 10:29 AM PT By Barbara J Powell – bloomberg

    The longest losing streak for gasoline futures since trading began on the New York Mercantile Exchange in 1986 means that prices at the pump will continue dropping through the Nov. 6 presidential election, AAA says.

    The 21 percent decline this month on the Nymex has translated into 14 straight days of declines for regular gasoline, according to AAA, the national largest motoring organization. For consumers, prices dropped 5.7 percent since Oct. 7 to an average $3.599 a gallon yesterday. They may fall to between $3.40 and $3.50 by Election Day, Michael Green, a Washington-based spokesman for AAA, said yesterday in an e-mail.

    Prices fell as refineries returned from maintenance and demand slipped, boosting inventories to a seven-week high, according to the U.S. Energy Department. The decline blunts one weapon of Republican presidential candidate Mitt Romney, who has blamed the Obama administration for almost doubling fuel prices since 2009.

    For more: http://www.bloomberg.com/news/2012-10-25/gasoline-decline-blunting-romney-weapon-energy-markets.html

  35. CR says:

    Pro-Romney employer warns workers of ‘personal consequences’

    Oct 25, 2012 1:19 PM EDT By Steve Benen – maddowblog

    We’ve talked a bit lately about business leaders using heavy-handed election tactics, pressuring their employees to support Mitt Romney, apparently at the candidate’s behest. A new example out of Wisconsin is one of the more striking cases to date.

    Mike White, the chairman and owner of Rite-Hite, a major Milwaukee manufacturer of industrial equipment, told employees in an email this week that all employees “should understand the personal consequences to them of having our tax rates increase dramatically if President Obama is re-elected, forcing taxpayers to fund President Obama’s future deficits and social programs (including Obamacare), which require bigger government.”

    The email stunned some employees. One employee said he felt threatened by the email. “It’s a good company, but for this to come out, it’s absurd,” the employee said.

    The employee said even supervisors were surprised by the tone of the email.

    White’s email said he didn’t intend to “prejudice any employee,” but nevertheless urged them to “think carefully.”

    As a substantive matter, it’s worth noting that Rite-Hite owner appears confused about several key policy areas. White, for example, said his workers’ personal income taxes would “increase dramatically” under a second term, which is at odds with all existing tax proposals. He also makes it sound as if it’s impossible for a business to thrive with top marginal rates from the 1990s.

    But even putting policy accuracy aside, it continues to be unnerving to find employers issuing vague threats about “personal consequences” to their employees. It is, as best as I can tell, legal, but the pressure and coercion from Romney allies — who appear to be following Romney’s own instructions — is a bit much.

    As The Atlantic’s Adam Clark Estes recently put it, “It’s not technically illegal for employers to tell their employees how to vote. That doesn’t mean that it’s ethical or understandable or even acceptable to connect people’s livelihoods with their political beliefs. There’s a fine line between an employer telling an employee, ‘Vote Romney!’ and a boss telling a subordinate, ‘Vote Romney, or else!’ At least, in the eyes of the inevitably subordinate employees there’s not.”

  36. CR says:

    Please join me in lighting a candle for our President, First Family and the Nation

    http://www.gratefulness.org/candles/candles.cfm?l=eng&gi=PBO

  37. CR says:

    5:10 PM ET
    President Obama casts his ballot in Chicago, IL

    CNN http://live.cnn.com

    • CR says:

      Obama votes early in Chicago, Asked For ID

      Published on Oct 25, 2012 by Lord Rothschild

  38. CR says:

    5:15 PM ET
    First Lady Michelle Obama visits “Jimmy Kimmel Live.”
    Los Angeles, CA

  39. CR says:

    Obama: Ayn Rand for ‘misunderstood’ teens

    10/25/12 5:25 PM EDT POLITICO44

    President Obama took aim at one of Rep. Paul Ryan’s favorite writers, the libertarian icon Ayn Rand.

    Asked by Rolling Stone if he’s ever read Rand, Obama said “sure.”

    “Ayn Rand is one of those things that a lot of us, when we were 17 or 18 and feeling misunderstood, we’d pick up,” Obama said. “Then, as we get older, we realize that a world in which we’re only thinking about ourselves and not thinking about anybody else, in which we’re considering the entire project of developing ourselves as more important than our relationships to other people and making sure that everybody else has opportunity – that that’s a pretty narrow vision.”

    “It’s not one that, I think, describes what’s best in America,” Obama said about Rand’s vision. “Unfortunately, it does seem as if sometimes that vision of a ‘you’re on your own’ society has consumed a big chunk of the Republican Party.”

    Ryan has described Rand’s work “Atlas Shrugged” as one of his favorite works.

    “There is no better place to find the moral case for capitalism and individualism,” Ryan said in 2005.

  40. CR says:

    8:25 PM ET
    President Obama attends a campaign event
    Burke Lakefront Airport, Cleveland, OH

    CNN http://live.cnn.com

    CSPAN http://www.c-span.org/Campaign2012/Events/Pres-Obama-Battleground-States-Tour/10737435310/

    • CR says:

      October 25, 2012

      Remarks by the President at a Campaign Event, Cleveland, OH

      Cleveland Burke Lakefront Airport Tarmac
      Cleveland, Ohio

      8:24 P.M. EDT

      THE PRESIDENT: Hello, Ohio! (Applause.) Are you fired up? (Applause.) Are you ready to go? (Applause.) I can’t hear you. Are you fired up?

      AUDIENCE: Yes!

      THE PRESIDENT: Are you ready to go?

      AUDIENCE: Yes!

      THE PRESIDENT: I am glad to be back in Cleveland, Ohio! (Applause.) We’ve got two extraordinary representatives who are here — Betty Sutton and Marcy Kaptur — give them a big round of applause. (Applause.)

      It’s great to see all of you who are here.

      AUDIENCE MEMBER: We love you!

      THE PRESIDENT: I love you back. (Applause.)

      This is the final stop on our 48-hour fly-around all across America. We’ve been going for two days straight. (Applause.) We’ve been from the East Coast to the West Coast, and now we’re going back East again. (Applause.) We just made a quick stop in Chicago so I could vote. (Applause.) I can’t tell you who I voted for because it’s a secret ballot. (Laughter.) But Michelle told me she voted for me. (Applause.)

      So, Ohio, I’ve got to tell you, even though I’ve been going for about 38 hours straight, even though my voice is getting kind of hoarse, I’ve still got a spring in my step. (Applause.) Because our cause is right. (Applause.) Because we’re fighting for the future. (Applause.) I’ve come to Ohio today to ask you for your vote. (Applause.)

      AUDIENCE: Four more years! Four more years! Four more years!

      THE PRESIDENT: And the good news is I’m asking for your vote and I’m asking you to vote early. (Applause.) Here in Ohio, you can vote now. You don’t have to vote later. I need you to vote early, and I need your help to keep moving America forward. (Applause.)

      Look, we’ve already now had three debates. We’ve had a year of campaigning. We have had way too many TV commercials. I feel bad for the state of Ohio — you’ve had a lot of commercials. (Laughter.) You’ve now heard Governor Romney’s sales pitch.

      AUDIENCE: Booo —

      THE PRESIDENT: No, no, no, don’t boo —

      AUDIENCE: Vote!

      THE PRESIDENT: — vote. (Applause.)

      But Governor Romney has been running around saying he’s got a five-point plan to fix the economy. Turns out it’s only a one-point plan — folks at the very top get to play by a different set of rules than you do. They get to pay a lower tax rate, outsource more jobs, let Wall Street run wild again. It was the philosophy he had when he was in the private sector. It was the philosophy he had as a governor in Massachusetts. And if it sounds familiar, it’s because we just tried that philosophy in the decade before I took office. And we know what happened. It didn’t work.

      Jobs were being shipped overseas at a record pace. Incomes were falling. Record deficits, the slowest job growth in half a century. Incomes were not going up — they were going down. The worst economic crisis since the Great Depression. That’s what those ideas produced. And we’ve been working for four years now, Ohio, to clean up the mess that those policies left behind.

      Now, Governor Romney understands this. He knows his plan is no different than what we tried under the previous President. So in the final weeks of this election, since he knows that it’s probably not going to be real popular, he’s trying to kind of fuzz things up a little bit. He’s counting on you to forget. He’s hoping that you come down with what we call a case of —

      AUDIENCE: Romnesia! (Applause.)

      THE PRESIDENT: — Romnesia. (Laughter.) He’s hoping you won’t remember that his economic plan is more likely to create jobs in China than here in Ohio, because it rewards companies that ship jobs overseas instead of companies that are creating jobs right here in Ohio, right here in the United States of America. (Applause.)

      He’s hoping you won’t remember that he wants to give millionaires and billionaires a $250,000 tax cut. And the reason he can’t explain it is because the only way to pay for it is either by blowing a hole in the deficit, making it even bigger, or making your taxes higher.

      AUDIENCE: Booo —

      THE PRESIDENT: Don’t boo — vote.

      He’s hoping that if he just keeps on saying how much he loves cars over and over again — (laughter) — that you won’t remember he wrote an article that was titled, “Let Detroit Go Bankrupt.”

      AUDIENCE: Booo —

      THE PRESIDENT: I mean, I don’t know how a guy sits on a stage, talking to tens of millions of fellow Americans, and you are saying somehow that you were all for the auto industry when everybody remembers you weren’t. (Applause.) The people of Detroit remember. The people of Ohio remember. (Applause.)

      If Mitt Romney had been President when the auto industry was on the verge of collapse, we might not have an American auto industry today. We’d be buying cars from China, instead of selling cars to China.

      For more: http://www.whitehouse.gov/the-press-office/2012/10/25/remarks-president-campaign-event-cleveland-oh

  41. CR says:

    *********************
    THIS POST IS NOW CLOSED

    NBLB Come on over to my newest post

    titled: “ President Obama is Moving America FORWARD”
    **********************

    To get to newest post click on “HOME” at the top of the page and click on the title of the newest post

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