Posted

Posted

Jeremy W. Peters contributed reporting.
As Congress wrangles over tax cuts and agricultural assistance heading into the August recess, Representative Nancy Pelosi, Democrat of California, took sides in a different fight Thursday.
“What I tweeted was I’m a Kentucky Fried Chicken fan,” the House minority leader told reporters with a grin.
Jim Lo Scalzo/European Pressphoto AgencyRepresentative Nancy Pelosi of California.Ms. Pelosi, who was referring to a preference she expressed on Twitter last week, is one of the many politicians who have joined the recent debate about same-sex marriage, sparked when the president and chief operating officer of Chick-fil-A said the fast food chain supports “the biblical definition of the family unit.”
Among the politicians who have weighed in is Ed Lee, the mayor of San Francisco, who wrote on Twitter last Thursday that he was “very disappointed” in Chick-fil-A’s stance.
“Closest #ChickFilA to San Francisco is 40 miles away & I strongly recommend that they not try to come any closer,” Mr. Lee wrote.
Ms. Pelosi, whose congressional district includes most of San Francisco, said, “I believe in freedom of expression, but I believe the mayor of San Francisco has freedom of expression as well.” The issue is ultimately up to local officials, she said.
Using social media, thousands of people are planning a “same-sex kiss day” at Chick-fil-A locations Friday.
As liberals expressed their displeasure with Chick-fil-A and threatened to boycott, conservatives rallied to the chain’s defense. Hundreds of thousands poured into locations all over the country Wednesday to show their support at the suggestion of Mike Huckabee, the former Arkansas governor.
No word on whether Ms. Pelosi prefers her KFC chicken Original Recipe or Extra Crispy.
Marc Levy/Associated PressPennsylvania House Majority Leader Mike Turzai at the Capitol in Harrisburg in 2011.A top Pennsylvania Republican’s remark this weekend that the state’s new voter ID law would help Mitt Romney win the state has reignited a debate over whether the law is intended to curb fraud, as Republicans say, or to depress Democratic turnout, as Democrats charge.
The remark was made by Mike Turzai, the state’s House majority leader, when he spoke over the weekend to a meeting of the Republican State Committee and ticked off a number of recent conservative achievements by Pennsylvania’s Republican-led legislature.
“Voter ID, which is gonna allow Governor Romney to win the state of Pennsylvania, done,” he said, according to a report on PoliticsPA.com, a Web site that covers political news.
When Pennsylvania passed a law this year requiring voters to show photo identification before casting ballots, Democrats warned that it would make it harder for many of their supporters — including young voters, and members of minorities — to cast ballots. A number of the state’s colleges, for instance, will have to change the identification cards they issue so students will be able to use them to vote.
A spokesman for Mr. Turzai, Stephen Miskin, said that the remarks, which were made Saturday in Hershey, Pa., were simply meant to underscore that combating voter fraud was important and that doing so would level the playing field in the next election.
He declined to say if he thought that fraud had played a role in past presidential elections in Pennsylvania.
A senior economic adviser to Mitt Romney criticized President Obama and his policy toward crisis-torn Europe, and Germany in particular, in an op-ed article in a leading German newspaper on Saturday, raising the question of the propriety of taking America’s political fights into international affairs.
The article — written by R. Glenn Hubbard, the dean of the Columbia Business School and a former adviser in the Bush administration, and published in the business journal Handelsblatt — drew a rebuke from the Obama campaign.
“In a foreign news outlet, Governor Romney’s top economic adviser both discouraged essential steps that need to be taken to promote economic recovery and attempted to undermine America’s foreign policy abroad,” said Ben LaBolt, press secretary for the president’s re-election campaign.
Every presidential election seems to test the frequently quoted cold war-era axiom of former Senator Arthur Vandenberg, a Republican who cooperated with President Harry S. Truman, that “politics stops at the water’s edge” — though even then the rule was often observed in the breach. Separately, the Hubbard critique illustrates how the austerity-versus-stimulus debate concerning Europe is also a proxy for the ideological fight over fiscal policy that Democrats and Republicans are waging in this country.
“Unfortunately, the advice of the U.S. government regarding solutions to the crisis is misleading. For Europe and especially for Germany,” Mr. Hubbard wrote, according to a translation of his article from the Handelsblatt Web site.
He opposed what he described as the Obama administration’s efforts “to persuade Germany to stand up financially weak governments and banks in the euro zone so that the Greek crisis would not spread to other states.”
“These recommendations are not only unwise,” he added, “they also reveal ignorance of the causes of the crisis and of a growth trend in the future.”
Mr. Hubbard proposed a classic conservative pro-austerity, anti-Keynesian approach, arguing that cutting government spending will restore public confidence, encourage growth and avert future tax increases.
“Long-term confidence in solid government financing shores up growth and enables the same scope for short-term transitional assistance,” he said. “Mitt Romney, Obama’s Republican opponent, understands this very well and advises a gradual fiscal consolidation for the U.S.: structural reform to stimulate growth.”
Mr. Obama and his Treasury secretary, Timothy F. Geithner, are in the camp with economists who argue that the German-led push for austerity in Europe — at a time when businesses and consumers are too weak to spend — has produced a spiral of job losses, belt-tightening and, lately, a backlash against several governments.
But, Mr. Hubbard wrote, “President Obama’s advice to the Germans and Europe has therefore the same flaws as his own economic policy — that it pays for itself over the long term if we focus on short-term business promotion.”
When Mr. Obama ran for president in 2008, he received some criticism for a foreign trip that included a speech in Berlin before 200,000 Germans. At the time, Chancellor Angela Merkel objected to plans to use the city’s historic Brandenburg Gate as a backdrop for what a Merkel spokesman called “electioneering abroad,” leading Mr. Obama to speak at another site. But Mr. Obama did not explicitly criticize Bush administration policies, despite their prominence in the American debate that year. He mainly extolled the partnership between the United States and Germany — and Europe, more broadly — in promoting freedom and prosperity around the globe.
A Democrat with experience in foreign policy and presidential campaigns, who asked not to be identified as weighing into the debate, suggested that the Vandenberg rule had lost resonance in a polarized age. “The ‘water’s edge’ is changing, and not just because of climate change,” he said. “It’s too bad, but there it is.”
The Romney campaign declined to comment.
DES MOINES, Iowa – Iowa Gov. Terry Branstad on Friday said Republican presidential candidate Rick Perry's debate gaffe this week was one of those unfortunate iconic moments, just like former Vermont Gov. Howard Dean's memorable scream was in 2004.
The veteran Republican governor said Perry's inability to remember the name of the third Cabinet department he would eliminate was not a fatal blow, but that the episode served to punctuate doubts about the Texas governor.
"It's not helpful especially in light of the fact that he had had several previous debates where he had not performed well," Branstad told The Associated Press in an interview. "It is kind of comparable to, it was the governor of Vermont, Howard Dean's scream here at caucus night in Iowa."
During a GOP presidential debate Wednesday night in Michigan, Perry couldn't name the third department.
"Commerce, Education and the — what's the third one there? Let's see," he said, before checking his notes and eventually admitting he couldn't remember.
Later in the debate, Perry said Energy was the third department.
But the minute-long video of Perry's stumble spread quickly as he made the rounds of network and cable television news programs to put a lighthearted spin on the situation and dismiss questions about his ability to stay in the race.
Dean, once the poll leader for Iowa's 2004 Democratic presidential caucuses, famously rallied supporters on caucus night after finishing a disappointing third. He shouted the names of state contests ahead, capping it with a red-faced yell.
The circumstances were different but the episodes reinforced doubts about each candidate.
In Dean's case, the concerns were about his demeanor. In Perry's case, his sometimes awkward and wandering debate answers have raised questions about his ability to perform under pressure.
Like Dean, Perry's moment also comes as the he is trying to regain his footing after slipping sharply in the polls.
Branstad said he was unlikely to endorse any of the seven candidates who are campaigning to win the state's Jan. 3 caucuses. He previously had held out the possibility of doing so.
Branstad said strong performances in Iowa were essential for Perry and Minnesota Rep. Michele Bachmann, both of whom have slumped in the polls since August.
He also said former Pennsylvania Sen. Rick Santorum "could be the real sleeper in this thing." Santorum last week reached his goal of visiting each of Iowa's 99 counties, a feat made famous by Iowa GOP icons Branstad and U.S. Sen. Charles Grassley. Santorum is the only candidate to invest that much time on retail politics in the state.
Branstad also said it was possible that Mitt Romney could win the caucuses, despite the former Massachusetts governor's less aggressive campaign in Iowa this year than four years ago. Romney recently said he would like to win in Iowa. Doing so would help him build momentum heading into the leadoff primary a week later in New Hampshire, where he is heavily favored.
COMMENTARY | As a registered Democratic voter, I've never watched a Republican debate. So it was with trepidation that I tuned in to the Google-sponsored Republican debate on Thursday. The debate went pretty much as expected: Texas Gov. Rick Perry talked about job creation, former Speaker of the House Newt Gingrich reiterated his belief that "people should not get money for doing nothing" and Ron Paul reminded us all that he basically wants to get rid of the federal government.
But there were three things that stood out for me.
Michelle Bachman changed her tune on Gardasil. Rep. Michele Bachmann, R-Minn., in attempting to make Rick Perry look bad, slammed the governor for signing an order that required middle-school girls in Texas to get vaccinated against the human papillomavirus (HPV). Bachmann claimed the vaccine, Gardasil, was linked to mental retardation, a claim which medical experts dismissed as bunk, according to the Associated Press. When asked about her assertion that the vaccine was dangerous, Bachmann said, "I didn't make that claim nor did I make that statement."
Herman Cain wants a national sales tax. His so-called 9-9-9 plan proposes a nine percent business flat tax, a nine percent personal income tax and a nine percent national sales tax, also known as a Value Added Tax (VAT). This is surprising to me because many countries in Europe, Sweden for example, countries that some Republicans might call "socialist," have a VAT.
The crowd booed a U.S. soldier. Openly gay soldier Stephen Hill, who is currently serving in Iraq, asked the potential candidates their feelings on the repeal of the military's "Don't Ask, Don't Tell" policy. Some members of the crowd loudly booed the soldier. Instead of thanking the Hill for his service to our country and reprimanding the crowd for being disrespectful, former senator Rick Santorum answered the question by saying, "Sexual activity has absolutely no place in the military," and that, if given the chance, he would reinstate the policy because it gives gay soldiers some unnamed "special privilege."
Did watching this debate make me want to vote Republican? Absolutely not, but it did show me exactly who President Barack Obama will be up against. The responses to the questions were basically what I expected -- canned, safe and extremely conservative--but it was the moments in between the questions that truly showed what this field of Republican presidential hopefuls are about.
COMMENTARY | The Democrats are playing a dangerous end game on the debt ceiling and the result is a possible win for Barack Obama in the 2012 election. The Republicans have taken a hard line and are willing to let the United States go into default. This is exactly what the Democrats want to happen.
If the United States goes into default, the Republicans will be the scapegoat for the failing economy in the next year and a half before the election. The Democrats will be able to turn the tables and blame the United States devalued credit rating and lower standing in the world economy on the stubborn Democrats.
ABC News posted the anatomy of a debt default and their graphic and story lays the groundwork to make the Republicans look like the bad guys in this battle. The battle over the debt ceiling will become a major talking point in the next three weeks and the focus will be on the Republicans refusal to budge.
Republicans need to learn they have the upper hand. They can send a debt limit approval tied to only cuts, no taxes and send it to the Democrat controlled Senate. If the Senate sends the debt limit approval to the White House with just spending cuts and no taxes, Obama will be responsible for the default and the Republicans will have the edge.
The Republicans have to get a debt limit approval through the House of Representatives and the Senate and on Obama's desk quickly and then his refusal to sign will be the perfect end game for the Republicans in 2012. They will be able to claim victory and Obama go down as the only president to allow the country to go into default.
People struggling to resist claiming bankruptcy will now have an out. The government can default, why can't they? The ramifications have not been thought through. A government default sends a message to the nation and the world. The United States government is in such disarray they cannot honor their obligations.
The House of Representatives has the keys to the car and they can drive the president to the brink with no option but to sign off on the cuts and his ability to expand the government ends in dramatic fashion.
The next three weeks will tell voters if they need to vote out the incumbents or hail them as heroes in the next election. History will happen in the next three weeks. Will it be the end of this country or a new beginning of bipartisan cooperation?
House Majority Leader Eric Cantor (R-VA) could face a resolution brought by House Democrats accusing him of having a conflict of interest in the debate over the debt ceiling, the Huffington Post reported late Friday.
According to the resolution, Cantor’s investment in ProShares Trust Ultrashort 20+ Year Treasury ETF means he could stand to gain if the debt ceiling is not raised. The fund bets against U.S. government bonds, and if the country were to default on its debts, the value of Cantor’s fund could increase. (Rep. Cuellar: Cantor’s withdrawal from budget talks good for Democrats)
The resolution, the Huffington Post writes, says Cantor “may be sabotaging [debt ceiling] negotiations for his own personal gain.” The resolution goes on to say that Cantor has “compromised the dignity and integrity of the Members of the House.”
Cantor’s spokesman, Brad Dayspring doesn’t just say this is wrong. He says it’s the opposite of the truth. Cantor has only about $3,300 invested in the trust in question, while he has more than a quarter million dollars in a congressional pension plan dependent on government bonds.
Dayspring put it this way: “For the conspiracy theorists — they would have to believe that Eric would want to lose hundreds of thousands of dollars to make a few thousands in return.” He called the insinuations made in the resolution “outrageous.”
Cantor recently removed himself from budget negotiations anyway, saying he wouldn’t consider until Democrats addressed tax issues.
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* Barney Frank, other Dems seek longer comment period
* Proposal aims to restrict OCC in preempting state laws
* OCC has been criticized for shielding large banks
* BofA, JPMorgan, Wells Fargo among banks the OCC oversees
WASHINGTON, July 1 (Reuters) - Five Democrats are seeking more time for the public to influence a rule laying out when federal regulators can shield large U.S. banks from state consumer financial laws.
The five, including Barney Frank, who co-wrote last year's Dodd-Frank reform legislation, wrote a letter to the Office of the Comptroller of the Currency. In it, they ask the regulator to reopen the proposal's comment period, which ended June 27.
The proposal, called for in Dodd-Frank, is designed to make it more difficult for the OCC to "preempt" state laws such as those governing predatory lending, mortgage rules and credit cards. [ID:nN25148900]
Critics of the OCC charge that in the run-up to the 2007-2009 financial crisis, the agency was too aggressive in preventing states from enforcing some consumer protection laws, and took an expansive view of its ability to do so under the National Bank Act.
The Democrats said a longer comment period is necessary "in light of the history of the OCC's previous preemption rulemaking, the clear gravity of preemption determinations generally."
The OCC has said it uses its preemption authority to protect national banks from a patchwork of state laws that can be contradictory and difficult to comply with. It has also noted that much of the worst subprime lending activity occurred at institutions outside of the OCC's jurisdiction.
The OCC had no immediate comment about the letter.
Bank of America (BAC.N), JPMorgan Chase (JPM.N) and Wells Fargo (WFC.N) are among the banks the OCC regulates. (Reporting by Karey Wutkowski, editing by Dave Zimmerman)
The Democratic National Committee’s “rapid response” team lived up to its name today, with a morning-after video of the Republican debate in New Hampshire.
And nothing makes Republican politicians look dumber than splicing together 30 seconds of footage from a two-hour debate, unless some of footage is taken completely out of context that is.
(No Mitt Romney feeding frenzy; Pawlenty refuses to attack)
“The Republicans met to talk about the most pressing issues facing our country …” begins the video. What follows is quick footage of Herman Cain saying “I do not believe in Sharia law in American courts.” Cain was trying to clarify his previous statements on Muslims and Sharia law. Cain doesn’t help himself by continuing with the fringe claim that Muslims may be trying to hijack entire states.
WATCH:
Next on the hit list is former Minnesota Governor Tim Pawlenty who said, “I support a constitutional amendment to define marriage between a man and woman.” It’s a Republican primary so this answer shouldn’t be too surprising. But it comes after the accusation that the phrase “middle class” was never used. But it would seem Republicans don’t believe in class-ism the way Democrats do. Rick Santorum prefers the phrase “middle of America,” which he used three times. And the issue of lower-middle-class jobs did in fact come up a lot; odd, since there haven’t really been any in a few years.
Pawlenty got hit again with footage of him calling Sarah Palin a “remarkable leader.” Taken in context, however, — she was being compared to Geronimo Joe Biden — that’s not an incredible statement.
Mitt Romney got called out for saying he would repeal “ObamaCare,” though he was defending himself against Minnesota Rep. Michele Bachmann, who not only had an amazing performance but more surprisingly wasn’t featured in the video, despite being a favorite target of Democrats.
The cruelest — and least honest — swipe came at the expense of Newt Gingrich and his campaign of one.
“But at least one candidate had a vision of the future …” flashed on the screen before Gingrich appeared to be caught giving away the plot of James Bond’s Moonraker.
” … we would today probably have a permanent station on the moon, three or four permanent stations in space, a new generation of lift vehicles.”
What’s lost is the context of the sentence’s previous clause: “If you take all the money we’ve spent at NASA since we landed on the moon and you had applied that money for incentives to the private sector …”
The massive money black hole that is NASA has been well documented for years, while modern-day Howard Hughes are ready to rock and roll with commercial space flights have been grounded thanks to bureaucratic regulations and general lethargy.
Meanwhile, Gary Johnson was spared any ridicule as he was not even allowed at the debate.
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As the 2012 Republican presidential candidates meet in New Hampshire tonight to debate who’s more conservative, it appears there will be an uninvited guest – namely, the Democrats.
As the debate plays out, an ad from a liberal health care reform group will continue its second day of heavy airtime in the Boston market. The Medicare ad, from Protect Your Care, attacks the Republican candidates where they could be must vulnerable in the near future. The simple 30-second ad ends with a simple message: “Stop the Republican Plan to Cut Medicare.”
Tim Pawlenty and the other hopefuls are expected to hit Mitt Romney hard over the former Massachusetts governor’s own health care plan. Romney must simultaneously defend his plan while proving his own conservative credentials. It’s the Paul Ryan budget plan, however, that will have every serious contender walking a fine line between praising the idea of the plan and not opening themselves up to Medicare-focused attacks from Democrats and groups like Protect Your Care.Democrats are concerned enough about other issues — like an unimproved economy — to start attacking all the Republican candidates very, very early in the process. It’s a curious strategy and, as if the debate ad blast wasn’t enough, former White House Press Secretary Robert Gibbs will also be in New Hampshire tonight offering a rebuttal of the Republican debate.
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