August 2011

Aug 18, 2011

On the Radar: August 18, 2011

The Two Rick Perrys
By John Dickerson, Slate
Watching Rick Perry discuss policy is like watching two different candidates. One can speak easily about the levels of pollutants in the Texas air or the details of oil and gas exploration. The other talks about national issues as tentatively as a young man asking his girlfriend's parents for her hand in marriage. Read more

Obama Plans Package To Boost Economy

By Julianna Goldman and Mike Dorning, Bloomberg
President Barack Obama is seeking to revive a version of the so-called grand bargain with congressional Republicans that would combine long-term U.S. deficit reduction through entitlement benefit cuts and tax increases with immediate steps to boost job growth. Read more
 
Consumer Prices, Jobless Numbers Drag Economy Down
By David Wessel, The Wall Street Journal
WSJ Global Economics Editor David Wessel joins the News Hub to discuss the health of the U.S. economy in light of a government report showing that consumer prices are rising along with jobless claims. View
 
Obama's Package Deal
By John Harwood, CNBC
President Obama is planning a post-Labor Day presentation on reducing the deficit and an additional stimulus, with CNBC's John Harwood. View
 
Pres. Obama Wraps Midwest Tour
By Eamon Javers, CNBC
A recap of President Obama's tour of the Midwest and what he hoped to accomplish, with CNBC's Eamon Javers. Howard Dean, fmr. Vermont Governor, and Steve Moore, WSJ, weigh in. View

Aug 19, 2011

On the Radar: August 19, 2011

Fears Of 'Stagflation' As Economy Flashes Red
By David Wessel, The Wall Street Journal
Whether it's a 'stagflation' or a 'recession,' the economy is flashing red. At best, it's slow growth. At worst, it's the beginning of return to recession, WSJ economics editor David Wessel tells the News Hub panel. As worries deepen, some investors are looking for signals from the Federal Reserve. View

Obama, On Midwest Tour, Moves To Regain Mantle Of Campaigner
By Jeff Zeleny, The New York Times
On the final stop of a Midwestern bus tour, after President Obama faced a rolling reality check about the precarious state of the nation’s economy, a young man offered a parting word of encouragement. Read more

Perry's Overlooked Asset: Hispanic Support
By Beth Reinhard, National Journal
Since Gov. Rick Perry burst into the Republican primary less than a week ago, his shortcomings as a potential general-election candidate have been closely scrutinized. Critics say he’s too inflammatory, too Texan, too evangelical. Read more

Automaker Stocks Take A Hit
By David Shepardson, Detroit News Washington Bureau
Auto stocks fell sharply Thursday amid a broader market sell-off and growing concerns about weakening auto sales in the second half of the year. Read more
 
Obama's Jobs/Deficit Plan: Can It Avert Deadlock?
By Alexis Simendinger, RealClearPolitics
President Obama will present a job-creation plan to Congress after Labor Day and challenge Republicans to compromise with Democrats to put Americans back to work, arguing that conservatives have overlooked the struggling middle class by concentrating their economic remedies on lower taxes for wealthy individuals and corporations. Read more

The Treat Him Pretty Ugly Gabfest
By John Dickerson and Emily Bazelon
On this week's Slate Political Gabfest, Emily Bazelon, John Dickerson, and special guest David Leonhardt, economics columnist for the New York Times, discuss Rick Perry's presidential bid, President Obama's September economic speech, and fine-tuning the economy. Read more

Aug 22, 2011

On the Radar: August 22, 2011

Obama Seeks To Close Distance With Voters
By Julianna Goldman, Bloomberg
Lois Dare stood up at a town hall in Cannon Falls, Minnesota, last week and told President Barack Obama that she slept in her truck for two nights to ask him about Social Security. She said she was recovering from lung cancer surgery and had been denied disability benefits. Read more

GOP May OK Tax Increase That Obama Hopes To Block
By Charles Babington, Associated Press
News flash: Congressional Republicans want to raise your taxes. Impossible, right? GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right? Apparently not. Read more

Romney Playing Hands-Off When It Comes To Rick Perry
By Beth Reinhard and Alex Roarty, National Journal
Since Texas Gov. Rick Perry entered the Republican presidential race, he’s given plenty of ammunition to his political opponents – from suggesting that Federal Reserve Board Chairman Ben Bernanke's monetary policies were borderline-treasonous to questioning the science behind climate change. Read more

Jon Huntsman Gets More Aggressive With Republican Opponents, Obama
By Nia-Malika Henderson, The Washington Post
Jon M. Huntsman Jr. is making good on his pledge to be more aggressive with his opponents, saying he “wouldn’t necessarily trust” any of his opponents when it comes to handling the economy. Read more

Perry Criticizes Government While Texas Job Growth Benefits From It
By Michael A. Fletcher, The Washington Post
Texas Gov. Rick Perry has leapfrogged to the top tier of Republican presidential candidates largely on the strength of one compelling fact: During more than a decade as governor, his state created more than 1 million jobs, while the nation as a whole lost 1.4 million jobs. Read more

Vacationing Obama Attends Friend’s ‘Social Event’
By Darlene Superville, Associated Press
President Barack Obama put in a brief appearance Saturday at the home of his friend and one-time teacher, Harvard Law School professor Charles Ogletree, as he continued his Martha’s Vineyard vacation. Read more

Spend Now, Save Later, Bond Fund Leaders Say
By John Harwood, CNBC and The New York Times
Early in Bill Clinton’s presidency, his populist advisers saw their spending plans crash into resistance from Wall Street, which demanded deficit-cutting austerity. Read more

Jubilation Sweeps Tripoli As Rebels Hunt Desperate Gadhafi
By Nancy Youssef, Suliman Ali Zway, Hannah Allam and Shashank Bengali, McClatchy Newspapers
The long, brutal reign of Col. Moammar Gadhafi appeared to collapse Sunday as rebels swept into Tripoli, captured three of his sons and set off wild street celebrations in a capital that he’d ruled by fear for more than four decades, Libyan and NATO officials said. Read more

 

Aug 23, 2011

On the Radar: August 23, 2011

Qaddafi Departure May Vindicate Obama’s Policy On Intervention
By Julianna Goldman, Bloomberg
After saying for months that Libyan leader Muammar Qaddafi’s days in power were numbered, President Barack Obama said yesterday the future of Libya is “in the hands of its people.” Read more

Rebels’ Assault On Tripoli Began With Careful Work Inside
By Mark Mazzetti and Kareem Fahim, The New York Times
Among the rebel leaders it was referred to as zero hour, the moment when residents of Tripoli would rise up against Col. Muammar el-Qaddafi’s forces after a six-month war in the desert that had failed to break his 42-year grip on power. Read more

New Life For The Arab Spring
By James Kitfield, National Journal
As it turns out, the wave of democratic protests behind the Arab Spring will not break and recede on the shores of Tripoli. When the U.N. Security Council authorized a no-fly zone over Libya in March, the stated reason was to avoid the imminent massacre of civilians who had risen up in opposition to Muammar el-Qaddafi. Yet in their very liberal interpretation of that mandate, the United States and its NATO allies made clear from the beginning that their interests and intent went much further. A brutal dictator was threatening to write a postscript to the Arab Spring democracy movements in the blood of his own citizens. And that meant Qaddafi had to go. Read more

Moammar Gadhafi: 'Mad Dog Of The Middle East'
By Jim Sciutto, ABC News
ABC's Jim Sciutto looks back at the long rule of the eccentric dictator. View

Hunting Gaddafi's Money
By Eamon Javers, CNBC
While rebels in Libya take control of much of Tripoli, the U.S. Treasury has seized $30 billion dollars of Gaddafi's money. CNBC's Eamon Javers is hot on the money trail of the Libyan leader. View

Huntsman Highlights Moderate Views
By Nia-Malika Henderson, The Washington Post
Jon M. Huntsman Jr. began his presidential campaign in June by staking out a path as a “civil conservative,” a new type of Republican with an antiabortion and flat-tax record and who would steer clear of divisive rhetoric. His aim was to underscore his conservative credentials, playing down his recent post as President Obama’s envoy to China. Read more

Which GOP Candidate Is Gaining Traction
By John Harwood, CNBC
CNBC's John Harwood has the details on the front-runners in the race for a GOP presidential candidate in the 2012 election. View

Waters Talks Tough On Tea Party
By Nia-Malika Henderson, The Washington Post
Rep. Maxine Waters has four words for the tea party: Go straight to hell. At a community summit on Saturday, the California Democrat, who has been increasingly critical of President Obama, as well, had tough words for the other side. Read more

Obama Talks To Buffett About Economy
By Julianna Goldman and Mike Dorning, Bloomberg
President Barack Obama, preparing for a post-Labor Day speech with plans for stimulating the economy, talked with billionaire Warren Buffett about how to boost job creation and spur growth. Read more

U.S. To Resume Lease Sales For Oil Drilling In The Gulf
By Deborah Solomon, The Wall Street Journal
The Obama administration said Friday it would sell leases for offshore drilling in the Gulf of Mexico for the first time since last year's oil spill and subsequent six-month drilling ban. Read more

Aug 24, 2011

On the Radar: August 24, 2011

Rebels Overrun Gadhafi's Compound; He Calls Retreat 'Tactical'
By Nancy A. Youssef and Hannah Allam, McClatchy Newspapers
Even as images of gleeful rebels overrunning Libyan leader Moammar Gadhafi's main military compound saturated television screens Tuesday, questions still loomed over Gadhafi's whereabouts, the status of pro-regime holdouts and NATO's role in the effort to secure the country. Read more

Obama And Libya: Scant Political Rewards
By Alexis Simendinger, RealClearPolitics.com
President Obama was “gutsy” to order the capture and killing of Osama bin Laden in Pakistan, and “vindicated” after his “gamble” to back Libyan rebels who ousted Col. Moammar Gaddafi after 42 years of oppressive rule, according to praise from various commentators, including some of his sharpest critics. Yet, even the president’s least-debated achievements as head of state are unlikely to tip the political scales in November 2012 for the simple reason that the prosperity of families in, say, Tripoli, Iowa, outweighs Americans’ concern for rebel fighters in Tripoli, Libya. Read more

The Show Goes On For Senate, Sort Of
By Janet Hook and Michael Crittenden, The Wall Street Journal
Even as Washington reeled in the aftermath of a rare earthquake, the Senate plowed ahead with its rituals. It held a 22-second pro-forma session at a location a few blocks from the Capitol building, which had been evacuated after the quake. Read more

Quake Provides Field Day For Washington Wise-Acres
By Charles Babington, Associated Press
Minutes after Tuesday's earthquake rattled Washington, smart-alecks began flooding the social network site Twitter with wisecracks. Read more

Virginia Earthquake: The Epicenter
By Jim Sciutto, ABC News
Jim Sciutto reports on the East Coast earthquake from Culpeper, Va. View

Scary Moments At Nation's Capitol
By Eamon Javers, CNBC
Insight on the 5.8 magnitude earthquake that struck Virginia and the nation's capitol Thursday, with CNBC's Eamon Javers. View

Jon Huntsman On GOP Battlefield
By John Harwood, CNBC
CNBC's John Harwood has the details behind Jon Huntsman campaign. View

Aug 25, 2011

On the Radar: August 25, 2011

Will there be a Libya bounce for Obama?
By Doyle McManus, The Los Angeles Times
Twenty years ago this summer, American cities staged noisy, flag-waving parades to celebrate the U.S. victory in a war we've almost forgotten: the Persian Gulf War against Iraq. The president at the time, George H.W. Bush, saw his poll ratings soar in the war's afterglow. Read more
 
Budget deficit to hit $1.3 trillion this year, congressional analysts report
By Michael Fletcher, The Washington Post
The federal budget deficit will continue at historically high levels, hitting $1.3 trillion in fiscal 2011, congressional budget analysts said Wednesday. But it will ebb substantially over the next decade — if the Bush-era tax cuts and other measures are allowed to expire as scheduled, the report said. Read More
 
Modest Expectations Urged on Deficit Cuts
By Jackie Calmes, The New York Times
The Congressional Budget Office sharply reduced its projection of total deficits over the next decade after the recent deficit-reduction deal between President Obama and Congress, yet it warned on Wednesday that the extension of Bush-era tax rates and other policies would more than offset those savings. Read more
 
SEC Bears Down on Fracking
By Deborah Solomon, The Wall Street Journal
The Securities and Exchange Commission is asking oil and gas companies to provide it with detailed information—including chemicals used and efforts to minimize environmental impact—about their use of a controversial drilling process used to crack open natural gas trapped in rocks. Read more
 
Tracking Missteps Behind World's Economic Slump
By David Wessel, The Wall Street Journal
Policy makers around the world didn't see the global financial crisis coming. But when it hit, they improvised and steered the economy away from the abyss. Read more
 
Bernanke Is Unlikely To Promise New Action By The Fed
By David Wessel, The Wall Street Journal
Fed Chairman Ben Bernanke is unlikely to use his speech Friday at the Federal Reserve's annual Jackson Hole, Wyo., conclave to unveil new efforts to bolster the U.S. economy—despite financial markets' lingering hopes that he will. Read more
 
Photos Reveal Qaddafi Diplo-Crush On Rice
By Helene Cooper, The New York Times
When you’re the single, attractive secretary of state for the United States, you’re bound to pick up groupies in all corners of the international diplomatic scene. Read more
 

Aug 26, 2011

On the Radar: August 26, 2011

Romney Sticks With Strategy Despite Perry's Surge
By Charles Babington, Associated Press
Despite a new rival's surge, Mitt Romney is campaigning as though he's still the GOP presidential front-runner, focusing his criticisms on President Barack Obama, taking few risks and keeping most proposals vague enough to leave ample maneuvering room. Read more

U.S. Widens Role In Mexican Fight
By Mark Mazzetti and Ginger Thompson, The New York Times
The Obama administration has expanded its role in Mexico’s fight against organized crime by allowing the Mexican police to stage cross-border drug raids from inside the United States, according to senior administration and military officials. Read more

Aug 29, 2011

On the Radar: August 29, 2011

Bachmann Charms Florida Seniors
By Beth Reinhard, National Journal
Dozens of golf carts line the streets of the upscale retirement community where Michele Bachmann campaigned Saturday, tell-tale signs that the candidate was a long way from Iowa, where she recently triumphed in the state Republican party’s straw poll. Read more

Rick Perry Has Distanced Himself From George W. Bush’s Brand Of Conservatism
By Perry Bacon Jr., The Washington Post
Texas Gov. Rick Perry, like most of the other GOP presidential hopefuls, says his campaign is about undoing the decisions of President Obama. But Perry also presents a stark alternative to the last Republican to occupy the White House, his fellow Texan George W. Bush. Read more

Newt Gingrich’s Former Group, American Solutions, Shutters Its Doors
By Karen Tumulty, The Washington Post
The vast advocacy and fundraising operation that former House speaker Newt Gingrich (R-Ga.) built after leaving Capitol Hill more than a decade ago has ceased to exist — a casualty of Gingrich’s decision to run for president in 2012. Read more

A Two-Man GOP Presidential Race?
By Doyle McManus, Los Angeles Times
Until a few weeks ago, the race for the Republican presidential nomination seemed wide open. There was a presumptive front-runner, Mitt Romney, but he held first place mostly because he was a familiar face; his support among Republican voters appeared broad but not deep. Read more

The Republican Catfight Gabfest
By John Dickerson, Emily Bazelon, and David Plotz, Slate
Listen to Slate's show about Steve Jobs' retirement, the fall of Muammar Qaddafi, and the Republican presidential race. Listen

U.S. Tactics In Libya May Be A Model For Other Efforts
By Helene Cooper and Steven Lee Myers, The New York Times
It would be premature to call the war in Libya a complete success for United States interests. But the arrival of victorious rebels on the shores of Tripoli last week gave President Obama’s senior advisers a chance to claim a key victory for an Obama doctrine for the Middle East that had been roundly criticized in recent months as leading from behind. Read more

Powell Says Cheney Book Full Of 'Cheap Shots'
By Yochi J. Dreazen, National Journal
A visibly angry Colin Powell used an appearance on CBS’s Face the Nation on Sunday to blast former Vice President Dick Cheney for using “cheap shots” and “barbs” to drive up sales of his new memoir, which accuses Powell of trying to undermine President Bush during the run-up to the Iraq War and tacitly allowing his deputy to leak the name of a covert CIA agent. Read more

Obama Taps Krueger As Top Economist
By David Wessel, The Wall Street Journal
President Barack Obama has chosen Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers. Read more

Aug 30, 2011

On the Radar: August 30, 2011

Gadhafi Family's Escape To Algeria Angers Libya's Rebel Council
By Nancy Youssef and Hannah Allam, McClatchy Newspapers
Several members of fugitive Libyan leader Moammar Gadhafi's family crossed into Algeria on Monday, complicating the interim rebel authority's goal of prosecuting members of his inner circle for allegedly siphoning off the country's oil wealth and contributing to human rights violations. Read more

Who Is Alan Krueger?
By David Wessel, The Wall Street Journal
President Obama may soon have a new economic adviser. Alan Krueger, a Princeton University labor economist who specializes in unemployment, may soon be joining the White House’s Council of Economic Advisors, WSJ economics editor David Wessel reports on the Markets Hub. View

Obama Appoints Krueger
By Eamon Javers, CNBC
President Obama appointed Princeton labor economist Alan Krueger to his top economic post, with CNBC's Eamon Javers. James Pethokoukis, Reuters BreakingViews, and Julian Epstein, Law Media Group, weigh in. View

Economic Adviser Pick Is Known As Labor Expert
By Jackie Calmes, The New York Times
In tapping Alan B. Krueger on Monday to lead the Council of Economic Advisers, President Obama has picked an economist well known for his studies of labor markets just as the president is about to announce a renewed push for job creation policies as early as next week. Read more

Obama Nominates Alan Krueger To Lead Economic Council
By Christi Parsons and Don Lee, Los Angeles Times
President Obama is moving to install labor specialist Alan Krueger as chairman of his Council of Economic Advisors in an effort to bolster the depleted White House economic team as it girds for a political campaign that's expected to focus on jobs and growth. Read more

Can Krueger Focus Obama On A Jobs Vision?
By Jim Tankersley, National Journal
Economists love Alan Krueger: Soon after President Obama tapped him on Monday to lead the White House Council of Economic Advisers, the Princeton labor economist was basking in praise from liberal and conservative counterparts alike, who called him “super smart”, rigorous, data-driven, policy experienced, and, in the words of the University of Pennsylvania’s Justin Wolfers, “a terrific guy.” Read more

Promise Of Jobs From Solar, Wind Power A Hard Sell In The Desert
By Coral Davenport, National Journal
It’s easy to find Senate Majority Leader Harry Reid’s house in his tiny desert mining hometown. “You looking for Dirty Harry? Just look for the house with the wind turbine in the yard and the big solar panels on the roof,” said a patron at the Searchlight Nugget Casino bar. Read more

Al Qaeda Affiliates Growing Independent
By Mark Mazzetti, The New York Times
At some point in coming days, a shadowy group of Al Qaeda operatives in Pakistan who make up the network’s “General Command” is likely to announce a replacement for Atiyah abd al-Rahman, the Libyan chief of operations who was killed last week in a drone strike launched by the Central Intelligence Agency. Read more

Aug 31, 2011

On the Radar: August 31, 2011

Palin Adds New Hampshire to Labor Day Itinerary
By Jeff Zeleny, The New York Times
Sarah Palin’s political itinerary over Labor Day weekend is becoming clearer, even if her intentions are not. Ms. Palin, who was already set to deliver a speech in Iowa on Saturday, has added a stop in New Hampshire. She is now scheduled to speak at an afternoon Tea Party rally on Monday at Veterans Square Park in Manchester. Read More

Obama Touts Jobs, Not Wars, in Speech to Veterans
By Yochi Dreazen, National Journal
In the summer of 2006, then-President George W. Bush used a speech to the American Legion to offer a lengthy and muscular defense of the Iraq War, which Bush described as the central front of “ideological struggle of the 21st century.” If the U.S. stopped fighting militants in the streets of Iraq, Bush said, “we will face the terrorists in the streets of our own cities.” Read more

Obama urges Congress to act on highway, FAA measures
By Christi Parsons, The Los Angeles Times
President Obama put another item on the to-do list for Congress Wednesday, calling on lawmakers in a Rose Garden appearance to quickly pass two transportation measures set to expire in September. Read more

Obama Draws Line on Possible Cuts to Veterans Programs
By Helene Cooper, The New York Times
President Obama vowed on Tuesday that he would not allow cuts in programs for veterans as Congress and the administration look for ways to balance the budget. Read more

GOP Tax Expert to Lead Deficit-Committee Staff
By Janet Hook, The Wall Street Journal
The leaders of Congress's powerful new deficit-reduction supercommittee named a Republican tax expert on Tuesday to be their staff director, and Republican members met to discuss strategy. Read more