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Category: Money

Weekly remarks: GOP warns of new Obama taxes; Obama says reforms needed to help all

November 26, 2009 |  3:00 am

Capitol Hill at night

Remarks by Rep. Mike Pence of Indiana, as provided by the Republican National Committee

This week, like most Americans, my family came together to break bread, give thanks and celebrate our blessings.

Even in these times of struggle and trial, we have much to be thankful for, beginning with our men and women in uniform, many of whom will spend this holiday season away from hearth and home. The tragic events at Fort Hood remind us that whether they serve at home or abroad, we owe our soldiers and their families a debt of gratitude we will never be able to repay.
Republican Rep. Mike Pence of Indiana
This past Thursday, while empty chairs for America’s defenders were placed at Thanksgiving dinner tables in many homes, many other seats were filled with anxious Americans who are facing their own personal battles and struggles.  Millions of families have seen jobs and careers vanish in the midst of this recession.

Many are asking, ‘when will things get better?’ Many more are asking, ‘where are the jobs?’

President Obama told the American people that his last $787 billion ‘jobs bill,’ the so-called ‘stimulus’ package, would ensure that unemployment would not go above 8 percent.  And the Administration continues to insist their stimulus plan is working. But unemployment is now at a heartbreaking 10.2 percent.

In the city and on the farm, as millions of American families struggle to balance their checkbooks this holiday season, they watch in astonishment as Washington spends billions of dollars it doesn’t have.

And what is the White House’s answer to our struggles? Another meeting next week. A ‘jobs summit,’ and ...

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Sunday shows: Singh, Fiorina, Coburn, Nelson, Kyl

November 21, 2009 | 12:00 pm

ABC This Week with George Stephanopoulos: Sens. Tom Coburn (R-Okla.) and Ben Nelson (D-Neb.), Reps. Marsha Blackburn (R-Tenn.) and Debbie Wasserman Schultz (D-Fla.), and a round table with ABC's George Will, Liz Cheney, Aspen Institute's Walter Isaacson and Robert Reich.

Carly Fiorina

Bloomberg Political Capital with Al Hunt: Sen. Carl Levin (D-Mich.).

CBS Face the Nation with Bob Schieffer: Sens. Jon Kyl (R-Ariz.), Charles Schumer (D-N.Y.) and CBS medical correspondent Dr. Jennifer Ashton.

CNN GPS with Fareed Zakaria: Indian Prime Minister Manmohan Singh and Newsweek's Maziar Bahari.

CNN State of the Union with John King: Sens. Sherrod Brown (D-Ohio), Mitch McConnell (R-Ky.), CNN's Mary Matalin and James Carville, California Republican Senate candidate and former Hewlett-Packard Chief Executive Carly Fiorina.

Fox News Sunday with Chris Wallace: Sens. Lamar Alexander (R-Tenn.), Kit Bond (R-Mo.), Debbie Stabenow (D-Mich.) and Arlen Specter (D-Pa.) with Club for Growth's Chris Chocola and Dr. Bernadine Healy, ex-director of National Institutes of Health; roundtable of Fox News' Brit Hume, Bill Kristol of the Weekly Standard and NPR's Mara Liasson.

NBC Meet the Press with David Gregory: Sens. Dianne Feinstein (D-Calif.), Kay Bailey Hutchison (R-Texas), Joe Lieberman (I-Ct.),  Dick Durbin (D-Ill.), Race for the Cure's Nancy Brinker and NBC's Chief Medical Editor Dr. Nancy Snyderman.

-- Andrew Malcolm

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Photo: Associated Press

Obama now pleading for money to fight Sarah Palin

November 20, 2009 |  2:12 pm

Lines of Sarah Palin Book buyers stretch around the parking lot in Noblesville, Indiana

Never shy about $eeking money, Democratic President Obama's Organizing for America is now using the threat of Republican Sarah Palin as an opportunity to acquire more.

It has just sent an e-mail out to its millions of supporters today pleading for urgent donations to fight the mother of five, now on her heavily-publicized, cross-country book promotion bus tour. She holds no political office currently; in faRepublican Sarah Palin signing Booksct, she's among America's unemployed, though doing quite well financially.

Perhaps you've heard a little something about Palin in recent days.

The former governor of Alaska has written a book called "Going Rogue" that details her experiences in last year's presidential campaign, her values and thoughts on various issues.

Some San Francisco bookstores are declining to sell the book. And no one really cares about her or the book, obviously (see photo above), because she only sold 300,000 copies the first day.

Some people (bipartisan) think (fear) she may become a candidate for the 2012 presidential election.

Since the Republican Party that chose her as its first female presidential ticket member last year has such a glaring national leadership vacuum these days, she's getting tons of publicity in her symbiotic hate-hate relationship with the media, which doesn't mind attracting crowds with her name either (see headline above).

Although the Democratic National Committee dismisses Palin as an ignorant non-factor, it's invested way more time and effort this week attacking Palin than selling Obama, who was on another overseas publicity trip of his own.

Attempting to use Palin as a lucrative opportunity, too, today's e-mail plaintively asks: "Please chip in $5 to help."

The committee says its goal is a half-mill in one week, chump change for the one-time senator's $750-million presidential campaign.

Today's electronic missive calls Palin "dangerous," blames (credits) her for the term "death panels," and says it needs the money to combat her lies (claims), which will be magnified in coming weeks by well-known complicit conservatives in the media.

The donation plea also warns ominously that "the rest of our opponents will likely parrot those attacks."

It says the money will be used for event organizing, advertising and funding calls to Congress in support of Obama's beleaguered healthcare legislation to counter "right-wing attack groups."

Naturally, Palin is also playing off of Palin's publicity. If you give $100 to her SARAHPac here by midday next Wednesday, she'll give you a free signed copy of "Going Rogue."

-- Andrew Malcolm

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Photo: Indianapolis Star via Associated Press (Long lines of Palin book-buyers stretch around the entire mall parking lot in Noblesville, Ind.); Getty Images.


What's real price tag on war in Afghanistan?

November 16, 2009 |  8:37 am

Flag draped coffin of U.S. soldier returns to Dover Air Base

The casualties are sobering --  nearly 1,500 deaths to date among U.S. and coalition forces in Afghanistan.

So are the stakes -- the prospect of a Taliban resurgence that likely would reverse recent gains for women and girls and the destabilization of neighboring Pakistan, with its nuclear weapons and Al Qaeda cells.

But as President Obama weighs a decision on whether to deploy more U.S. troops to Afghanistan, a new front in the debate is emerging in Washington -- the financial costs.

The White House Budget Office estimates that it will cost about $1 million for each additional soldier sent to Afghanistan. So, a surge of 30,000 to 40,000 troops -- which is what Army Gen. Stanley McChrystal is recommending -- would add $30 billion to $40 billion a year to the deficit.

At the Pentagon, the comptroller disagrees, estimating the cost of deploying and maintaining one soldier in Afghanistan for a full year  at $500,000. So, bottom line would be $15 billion to $20 billion.


Obama recently made reference to the costs as one of the factors in his decision. In Japan on Friday, on the first stop of his eight-day visit to Asia, Obama said he was taking his time to deliberate because he wanted to make sure that "when I send young men and women into war, and I devote billions of dollars of U.S. taxpayer money, that it's making us safer." With costs and security in mind, he added, "our goal here ultimately has to be for the Afghan people to be able to be in a position to provide their own security. ...The United States cannot be engaged in an open-ended commitment."

An escalation in military spending could put Obama in the awkward position of winning Republican votes for the budget while losing Democratic ones for the policy. And a drain on the nation's bottom line also could imperil domestic programs favored by the White House.

A new surge, said Wisconsin Democrat David Obey, would "drain the spirit of the country ... as well as drain the U.S. Treasury, it would devour virtually any other priorities that the president or anyone in Congress had."

The added red ink is unlikely to make the decision any easier -- either for Obama or the public.

"It reflects the political climate," Georgetown University military analyst Christine Fair told Reuters. "The leadership is confused, we're broke, and most Americans don't know why we're there."

-- Johanna Neuman

Photo Credit: Getty Images

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Sunday shows: H. Clinton, Giuliani, Dunn, Duncan

November 14, 2009 | 12:00 pm

Democrat US Secretary of State Hillary Clinton arrives in the Philippines 2009

ABC This Week with George Stephanopoulos: Secretary of State Hillary Clinton, former New York Mayor Rudy Giuliani and ABC's George Will and PBS' Gwen Ifill.

Bloomberg Political Capital with Al Hunt: ex-White House Communications Director Anita Dunn and Obama Budget Director Peter Orszag.

CBS Face the Nation with Bob Schieffer: Rep. Peter Hoekstra (R-Mich.), Sen. Patrick Leahy (D-Vt.).

CNN GPS with Fareed Zakaria: Former CIA officer Reuel Gerecht, Claremont McKenna College's Minxin Pei, Harvard's Roderick MacFarquhar and "The Age of the Unthinkable" author Joshua Cooper Ramo.

CNN State of the Union with John King: Obama advisor David Axelrod, Sens. Kent Conrad (D-N.D.) and Judd Gregg (R-N.H.), Gov. Brian Schweitzer (D-Mont.) and CNN's William Bennett and Donna Brazile.

Fox News Sunday with Chris Wallace: Giuliani and Sens. Jack Reed (D-R.I.) and Mitch McConnell (R-Ky.) and National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci.

NBC Meet the Press with David Gregory: Clinton, Secretary of Education Arne Duncan, former House Speaker Newt Gingrich (R) and the Rev. Al Sharpton.

Related item:

Face the Nation wins a crucial demographic

-- Andrew Malcolm

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Photo: EPA (Clinton in the Philippines)


Meanwhile back at the ranch, Michelle Obama sells healthcare to the ladies

November 13, 2009 |  3:48 pm

MichelleObspkgkevinlamarquertrs11-13-09

Lest anyone forget, while Michelle Obama's husband talks diplomatic niceties all over Asia for nine days and Todd Palin's wife pushes her book from Barnes & Nobles to Sam's Clubs all across this country, the first lady, stuffy nose and all, stays back home to continue the desperate political business of selling healthcare reform. Especially to seniors.

We said, ESPECIALLY TO US SENIORS. Because polls now show support for the president's plan the weakest and waning among older Americans, who as we saw in recent interim elections are unlike younger Americans in that they actually show up to vote two years in a row.

Obama tells seniors, NOT A DIME OF MEDICARE MONEY WILL BE USED TO PAY FOR THE $1.3-TRILLION HEALTHCARE REFORM PLAN. As you can see in the transcript below, she calls Medicare "a sacred part of America's social safety net."

However, the Democrats' recently-passed House healthcare version would cut $400 billion -- possibly up to $500 billion -- from Medicare and Medicaid.

Women are a crucial audience for the Obamas and Nancy Pelosi and Harry Reid to convince or re-convince about the Democratic healthcare plans because, as in many matters of the typical family, they play a disproportionate role in finding, arranging and obtaining medical care for everyone else, often at the expense of themselves.

So Obama was before a friendly, receptive audience today when she gave her pitch and, revealingly in the ongoing PR struggle, felt the need to correct what healthcare reformers call misinformation or false information "out there."

(BTW, although she's still doing way better than her husband deep down in the 40s now in favorability ratings among Americans, new Gallup numbers indicate the first lady's popularity has started to slide too, from a high of 72% last spring to a still-impressive 61% now.)

Keep scrolling for the entire Michelle Obama transcript, along with a news video down there, courtesy of Politico.

-- Andrew Malcolm

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First Lady Michelle Obama's Remarks on Healthcare Reform and Older Women, as provided by the White House

MRS. OBAMA: Thank you, everybody. Thank you so much. First of all, forgive me -- I’ve got children, and now I have a cold. (Laughter.) It goes along with the territory.

Let me begin by first thanking Tina Tchen, who’s doing an outstanding job as Director of the Office of Public Engagement by opening up this White House to the American people and....

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As Obama leaves for Asia, GOP gains first lead on generic congressional ballot since he took office

November 12, 2009 |  3:34 am

Bareack Obama aboard Air Force One in his official presidential jacket

Time was when American presidents in domestic trouble would travel abroad to be seen positively back home as a world leader.

Then-freshman Sen. Barack Obama was hoping for a little of that back in the summer of 2008 when he staged his expensive campaign rally with an adoring throng in downtown Berlin. Alas, Germans couldn't vote for him -- or a Republican. But it looked great stateside for a few days.

After a brief media statement this morning to get him plastered on the daytime news, President Obama will make the long flight (just ask Sarah Palin) to Alaska to talk with U.S. troops at Elmendorf Air Force Base at local lunchtime while Air Force One refuels for a flight to Tokyo, beginning the president's nine-day trip across Asia. Talk about throngs.

Obama could use some good political news because as he boards the plane with his own bedroom and shower stall, word spread from the Gallup Poll folks that for the first time in over a year, more Americans say they would pick Republicans on a generic congressional ballot than a Democrat.

It's now 48% Republican and 44% Democrat. And this comes after months of the ...

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Sunday shows: Steele, Kaine, McDonnell, Gorbachev

November 7, 2009 | 12:00 pm

UPDATE: 2:44 p.m. Saturday NBC has updated its lineup below.)

ABC's "This Week With George Stephanopoulos": Virginia Gov. Tim Kaine, chairman of the Democratic National Committee; along with Michael Steele, chairman of the Republican National Committee; and a roundtable with Democrat Donna Brazile, Republican pollster Frank Luntz and ABC's Sam Donaldson, Cokie Roberts and George Will.

Bloomberg's "Political Capital With Al Hunt": House Minority Whip Eric Cantor (R-Va.).

CBS' "Face the Nation" with Bob Schieffer: Sens. Jack Reed (D-R.I.) and Lindsey Graham (RVirginia Republican Governor elect Bob McDonnel-S.C.), Reps. Ike Skelton (D-Mo.) and Debbie Wasserman Schultz (D-Fla.) and Republican consultant Ed Rollins.

CNN's "GPS With Fareed Zakaria": Aspen Institute's Walter Isaacson, "The Years of Lyndon Johnson" author Robert Caro, columnist Peggy Noonan, "Creating Black Americans" author Nell Irvin Painter and former Pakistan President Pervez Musharraf.

CNN's "State of the Union" with John King: GOP Gov.-elect Bob McDonnell of Virginia, Republican pollster Bill McInturff, Democratic pollster Peter Hart, James Carville, Mary Matalin and former Soviet Union President Mikhail Gorbachev.

"Fox News Sunday" with Chris Wallace: McDonnell, Sen. Joe Lieberman (I-Conn.) and Reps. Mike Pence (R-Ind.) and Chris Van Hollen (D-Md.). With roundtable of Brit Hume, NPR's Mara Liasson, the Weekly Standard's Willliam Kristol and the New York Post's Kirsten Powers.

UPDATE: NBC's "Meet the Press" with David Gregory: Govs. Haley Barbour of Mississippi (Republican) and Ed Rendell of Pennsylvania (Democrat), David Brooks, MSNBC's Rachel Maddow, Republican strategist Ed Gillespie and NBC's Tom Brokaw. Meet the Press has added Gen. George Casey, Army Chief of Staff, to its guest lineup.

Related items:

So much Obama damage control, Axelrod even talks to Fox News

Fox News pulls huge election day ratings

The Sarah Palin speech(es) we never heard

Inside Tuesday's elections: The lessons and warnings for Obama, GOP

-- Andrew Malcolm

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Photo: Mark Wilson / Getty Images (McDonnell).

Weekly remarks: Obama salutes the troops, Haley Barbour sees elections as 'wake-up call'

November 7, 2009 |  3:00 am

Democrat Barack Obama's White House at Dawn

Weekly Remarks by President Obama, as provided by the White House

I’d like to speak with you for a few minutes today about the tragedy that took place at Fort Hood. This past Thursday, on a clear Texas afternoon, an Army psychiatrist walked into the Soldier Readiness Processing Center and began shooting his fellow soldiers.

It is an act of violence that would have been heartbreaking had it occurred anyplace in America. It is a crime that would have horrified us had its victims been Americans of any background. But it’s all the more heartbreaking and all the more despicable because of the place where it occurred and the patriots who were its victims.

The SRP is where our men and women in uniform go before getting deployed. It’s where they get their teeth checked and their medical records updated and make sure everything is in order before getting shipped out. It was in this place, on a base where our soldiers ought to feel most safe, where those brave Americans who are preparing to risk their lives in defense of our nation, lost their lives in a crime against our nation.

Soldiers stationed in Iraq, Afghanistan, and around the world called and e-mailed loved ones at Fort Hood, all expressing the same stunned reaction: I’m supposed to be the one in harm’s way, not you.

Thursday’s shooting was one of the most devastating ever committed on an American military base. And yet, even as we saw the worst of human nature on full display, we also saw the....

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Ron Paul to Federal Reserve: Open your books

November 5, 2009 |  9:20 am

FederalReserveinWashingtonDC

In February, Texas Republican and Libertarian darling Ron Paul introduced a bill directing the U.S. comptroller general to audit the Federal Reserve's books.

Paul, who ran for president last year, wants the Fed to open the door on all of its secret transactions -- the talks with foreign banks, the deliberations on monetary policy, the activities of the Open Market Committee, and the communications with the regional reserve banks.

In the shadows of Wall Street's collapse last year, he has attracted more 300 co-sponsors, including 130 Democrats.

But this week, he charged, the provision was gutted from the landmark financial reform legislation being marked up by Barney Frank's Financial Services Committee. Paul blamed the chair of the subcommittee on monetary policy, North Carolina Democrat Mel Watt, whose Charlotte district is home to the headquarters of Bank of America, the nation's largest commercial bank.

Arguing that the Fed is hiding the extent of U.S. dependence on printing new money, Paul -- who is hoping to get the provision restored in the bill before it gets to the House floor --  told MSNBC today that the big spending masks a serious crisis in the value of the dollar.

Critics worry that robbing the Fed of its ability to deliberate in private will result in a weakened central financial structure -- and put Congress in charge of managing the nation's money supply.

But Paul, a physician, argues that a doctor would never hide from a cancer patient the extent of his illness, and that hiding the Fed's books amounts to kidding ourselves about the impact of its policies.

"We're still kidding ourselves," he said. "You have to bite the bullet, you have to admit the truth.... It's sort of like trying to get somebody off drugs.... Keeping them on the drug -- which is  easy money, easy spending and huge deficits and all that -- that will kill the patient, and the patient for me is the dollar.... And when you see gold up at $1,100 at ounce, that's a little bit of a warning signal."

-- Johanna Neuman

Photo credit: Bleier / Getty Images

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