The debate among the Republican candidates over Mitt Romney’s time at Bain Capital has raised again questions about whether Romney’s tenure in the “1 percent” will damage his campaign. The Obama team certainly welcomes this debate. After all, they have been attacking Romney along precisely these lines:
The day after Mr. Romney squeezed out a razor-thin victory in the Iowa caucuses, Mr. Obama’s political brain-trust trained most of its fire on him, painting him as both a Wall Street 1 percent type and an unprincipled flip-flopper.
Last week I heard two pieces of good news about rape—one local, one national. The local news: While Boston's serious crime reports dropped by 8 percent overall, rape reports spiked by 12 percent, according to police; the rise was especially dramatic in some lower-income sections of the city. So why is that good news? Well, no one believes more rapes occurred—primarily because there was no increase in reported rapes by strangers, which are most likely to be reported but only make up an estimated 20 percent of all rapes.
President Barack Obama announced Monday that Bill Daley, who has served as his administration's chief of staff for one year, is stepping down.
In a statement to the press at the White House, President Obama said that Daley's resignation letter last week took him by surprise and that he initially refused to accept it.
"But in the end, the pull of the hometown we both love—a city that's been synonymous with the Daley family for generations—was too great," Obama said, referring to Chicago, where the two men first met.
Daley took over as Obama's chief of staff in 2011 after Rahm Emanuel left office to make a successful bid for the Chicago mayor's office. During his year-long tenure, Daley oversaw bitter fights over the American Jobs Act and the budget.
The Republicans who argue that the Affordable Care Act (ACA) violates the Constitution have based their argument around the idea that the law will result in a remarkable new expansion of federal power that will lead us on a path to total government tyranny. As the brief filed by the Obama administration in defense of the ACA makes clear, however, the mandate to purchase insurance in fact falls squarely within the framework of federal power that the Supreme Court has consistently advanced since the New Deal.
Manchester, New Hampshire —Well, that was unremarkable.
The last presidential debate until another begins ten hours from now saw none of Mitt Romney’s challengers actually challenge him. His toughest challenge probably came from George Stephanopoulos, who asked him if his assertions on Bain Capital’s job creation were really on the level—neither Newt, Ron, Jon nor the two Ricks, confronted Romney with anything as potentially threatening to his lead.
Sargeant Shamar Thomas protests against NDAA Tuesday at Grand Central Station.
Five hundred people returned to Zuccotti Park on New Year's Eve, with drums, chants of "Whose Year? Our Year!", and a tent, which they say they gave to police in exchange for entrance to the park. An hour before midnight, police and occupiers attempting to remove metal barricades around Zuccotti had a violent confrontation and, by 1:30 a.m., police had cleared activists from the park.
The December jobs numbers are good news—sort of—for the economy and the Obama re-election campaign. The economy added 200,000 new jobs, and the duration of unemployment is down slightly. Wages and hours worked are up, too. We can anticipate continuing progress between now and November.
Feel free to try this at home, but I guarantee you won't get anything out of it except a migraine. Imagine you've been a bit prematurely asked to fill a time capsule with telltale cultural artifacts of the Age of Obama—the evocative movies, TV shows, hit tunes, and other creative whatnots that will someday exemplify the ineffable atmosphere of our 44th president's first term.
Republicans are still huffing and puffing about President Barack Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, but that hasn’t stopped the new director from getting right to work.
Cordray announced Thursday the launch of a nonbank supervision program to supplement the agency’s monitoring of banks. In layman’s terms, a "nonbank" is a business that doesn’t accept deposits but provides financial services that include pay day loans, credit ratings, debt collection and some mortgage lending.
Until now, most of these nonbanks have operated without federal regulation. The new supervision program will be equipped to investigate them and enforce rules.
Thank God for elections and election years. An election gives our president, who must face the voters in November, permission to think and act like a partisan. It’s long overdue.
President Obama has boldly made key recess appointments to the National Labor Relations Board (NLRB) and to the Consumer Financial Protection Bureau (CFPB). The Republican strategy has been to destroy these agencies by failing to confirm appointees. In the case of the new CFPB, that meant nobody in charge to make key decisions to make the new bureau operational. In the case of the NLRB, it meant the lack of a quorum would paralyze the agency altogether.
There’s a common and compelling logic to President Obama’s recess appointments today of Richard Cordray to head the Consumer Financial Protection Board and of three appointees to the National Labor Relations Board. In the case of both boards, the appointments were necessary if the boards were to function at al—the very reason that Senate Republicans had made clear their determination to appoint nobody at all to the two boards.
Since Barack Obama took office, the Republican minority in the Senate has abused the institution's anti-majoritarian procedures and "advise and consent" role to prevent President Obama from filling dozens of important executive-branch positions. The unwillingness to hold a vote on the appointment of Richard Cordray to head the Consumer Financial Protection Bureau is a particularly striking example of this. The Republicans do not object to Cordray specifically; they object to the idea of having a watchdog with any teeth acting on behalf of consumers at all and have refused to consider any appointment for the position.