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Category Archives: US Finance
JOHN BOEHNER PLAYS PROFESSOR MAGIC!
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BREAKING NEWS… 1
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Bloomberg: Obama expected to nominate Jack Lew for Treasury Secretary
According to Bloomberg, President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said.
Lew, 57, who also has served as director of the Office of Management and Budget, has been offered the Treasury post by Obama, according to the person, who asked for anonymity to discuss personnel matters.
“14th Amendment Option: Nancy Pelosi Urges Obama To ‘Just Go Do It’ “
WASHINGTON — House Minority Leader Nancy Pelosi (D-Calif.) urged the president on Sunday to drop his resistance to the idea and simply bypass the upcoming debate over raising the debt ceiling by deeming the entire cap unconstitutional.
Appearing on CBS‘ “Face the Nation,” Pelosi offered her strongest endorsement to-date of the 14th Amendment option, which holds that Congress doesn’t have the power to use the debt ceiling as a hostage-taking device because the validity of the debt “shall not be questioned.”
In Wake of Fiscal Crisis Speaker John Boehner’s Office Is Closed
John Boehner‘s new office
Simply stated in gold lettering, Office of the Speaker, above the door to John Boehner’s new office. The office of John Boehner, the new Speaker of the House is still a work in progress with paintings, souvenirs, and other memorabilia still to be put into place. Still, the new inner sanctum of the West Chester Republican leader is a step up according to staff from the old minority digs. The entrance, located only 12 feet from the entrance to the US Capitol rotunda is the seat of power for a newly elected majority in the US House of Representatives. The Enquirer/Michael E. Keating [Office should be finished today.]
“Debt Ceiling Bluff Called By Harry Reid, Leaving Mitch McConnell To Filibuster Himself”
HUFFINGTON POST
WASHINGTON — A move to embarrass Democrats backfired on Senate Minority Leader Mitch McConnell Thursday as the Kentucky Republican proposed a vote on raising the nation’s debt ceiling — then filibustered it when the Democrats tried to take him up on the offer.
On Thursday morning McConnell had made a motion for the vote on legislation that would let the president extend the country’s borrowing limit on his own. Congress would then have the option to disapprove such hikes, in a fashion similar to one that McConnell first suggested during last year’s standoff over the debt ceiling.
The minority leader apparently did not think Senate Majority Leader Harry Reid (D-Nev.) would take him up on his offer, which would have allowed McConnell to portray President Barack Obama’s desire for such authority as something even Democrats opposed.
Reid objected at first, but told McConnell he thought it might be a good idea. After Senate staff reviewed the proposal, Reid came back to the floor and proposed a straight up-or-down vote on the idea.
McConnell was forced to say no.
“What we’re talking about here is a perpetual debt ceiling grant, in effect, to the president, ” McConnell said. “Matters of this level of controversy always require 60 votes.” FULL ARTICLE
Middle Class: The squeeze is on, here’s why by Adam Garnett
HARDBALL
More and more these days, middle-class Americans seem to feel that their opportunities for income growth and achieving the American dream simply aren’t what they used to be.
Pulitzer Prize winning journalist Hedrick Smith, author of the new book Who Stole the American Dream, joined Hardball Friday to explain the hidden causes of inequality in the U.S. economy. The public, Smith said, has been led to believe that the middle class squeeze in this country has been caused by globalization, technology and market forces.
Not so, argues Smith, who points to a political/corporate power shift in the late 1970′s as the culprit of the widening wealth gap.
” There was a political rebellion. [The corporate interests] absolutely stuffed labor, they stuffed the consumer movement, they got deregulation, they got tax cuts, they got all kinds of things so the power shift tilted the policy towards business, towards the wealthy,” Smith told Chris Matthews.
United Nations Day Cartoon #9
Which Mitt Romney for President will you be for Halloween?
RE-POST
Columbia, SC — Are you having a hard time deciding who to be for Halloween? Why not go as Mitt Romney? Like the “Man of a Thousand Faces,” Mitt is the Man of a Thousand Positions.
Pick one, dress up as Mitt, and you are guaranteed that no two Mitt costumes will be the same.
South Carolina Democratic Chairman, Dick Harpootlian, released the following statement in response to the newest SCDP video:
“Mitt Romney looks in the mirror every morning and sees a stranger. Pro-choice Mitt wouldn’t recognize Pro-life Mitt,” Harpootlian said.
“Universal Healthcare Mitt would run from Anti Healthcare Mitt like Jamie Lee Curtis did from the Halloween slasher. Republicans are welcoming Mitt in South Carolina today, we just wonder which one will show up.”
France Proposes Banning Words ‘Mother’ And ‘Father’ From Government Documents As Part Of Gay Marriage Legalization
HUFFINGTON POST
France could very well become the next nation to legalize same-sex marriage, but lawmakers have reportedly gone a step further with a proposal that could ban the use of the words “mother” and “father” from all government documents.
The Telegraph cites the draft law as specifying that “marriage is a union of two people, of different or the same gender,” and also states that all references to “mothers and fathers” in the nation’s civil code will be swapped for the non-gender-specific “parents.” In addition, the law would also give equal adoption rights to same-sex couples, the publication notes.
France’s Justice Minister Christiane Taubira is quoted as telling French newspaper La Croix, “Who is to say that a heterosexual couple will bring a child up better than a homosexual couple, that they will guarantee the best conditions for the child’s development? What is certain is that the interest of the child is a major preoccupation for the government.” FULL ARTICLE
