• Barack Obama,  President 2012

    President 2012: Congressional Supercommittees – Deal or No Deal?

    President Obama does the best by setting up the GOP as a foil with a NO DEAL.

    The 12 members of the congressional supercommittee aren’t isolated and alone, working like monks, as they pursue at least a $1.2 trillion deficit reduction plan. The six Republicans met at least twice last week with House speaker John Boehner and Senate minority leader Mitch McConnell. The week before, three Democrats and three Republicans had dinner at Hunan Dynasty on Capitol Hill, prompting fears among their absent colleagues that a secret deal was being concocted.

    The official deadline for the supercommittee is November 23. To meet it, agreement would have to be reached 10 days earlier to give the Congressional Budget Office time to score the plan and the House and Senate 48 hours before voting on it, with no amendments or filibusters allowed.

    There appear to be two possible outlines of a plan taking shape, one good, one terrible. To attract the GOP Six, the good plan would be built around tax reform, with either income or corporate tax rates (or both) reduced or frozen, while corporate welfare was scraped from the tax code—loopholes, breaks, and special writeoffs, possibly including those Obama has denounced for corporate jet owners and oil companies. Would any Democrats go along? Senators Max Baucus and John Kerry, maybe. And if Senate majority leader Harry Reid blessed the deal, Patty Murray, his surrogate on the panel, probably would. This is Deal A.

    Deal B is what might happen should Deal A fall by the wayside. More conventional, it would consist of some formula of tax hikes and spending cuts. Democrats want “balance,” a 50-50 split. Conservatives are worried three Republicans on the supercommittee—House members Dave Camp and Fred Upton and Senator Rob Portman—might accept Deal B as a last resort. Not likely, unless Boehner and McConnell anointed the deal.

    It is too easy for President Obama to blame a “Do Nothing” Congress. Country be damned, Obama wants to be re-elected and Harry Reid will enable him – as long as he looks like he has a chance of winning.

    The Democrats will insist on tax rate increases and there will be an automatic trigger of spending cuts – defense and non-defense.

    In the meantime, Obama will hit the campaign trail blaming the Republicans for refusing to tax the rich, playing the class warfare card.

    Some governance……

  • Pinboard Links,  The Afternoon Flap

    The Afternoon Flap: November 7, 2011

    These are my links for November 7th from 09:06 to 12:43:

    • Big labor favor: DNC may replace local workers with out-of-state union labor for convention – Charlotte, N.C. Mayor Anthony Foxx, a Democrat with close ties to President Barack Obama, is taking political heat as several reports show he plans to replace local workers with out-of-state union workers during the Democratic National Convention next year.

      Foxx’s mayoral Republican challenger, Scott Stone, has been a vocal opponent of Foxx’s purportedly anti-local business policies. Stone recently held a press conference asking Foxx to pledge he wouldn’t give DNC jobs to out-of-state unions, but Foxx refused to commit.

      After the press conference, RedState’s Ben Howe discovered that the DNC was “discriminating against” a local large format sign printing company because it does not employ union labor. Since then, more reports of “discrimination” against non-union shops in Charlotte have surfaced.

      The Ritz Carlton hotel in Charlotte, where the president is reportedly staying during the DNC next year, plans to temporarily lay off its employees, LaborUnionReport.com reports. LaborUnionReport.com spoke with a Ritz Carlton non-union employee who confirmed “they had been told they would be laid off during the convention.”

      The Democratic National Convention Committee (DNCC) disputes the LaborUnionReport.com report. “The claim is totally fabricated and false,” said DNCC spokesperson Kristie Greco. “There is no Democratic Convention-related obligation to cause the furlough of hotel workers convention week.”*

      The local newspaper of record, the Charlotte Observer, ran a front page story this weekend also bashing the Democratic Party for its lack of transparency in planning the DNC convention.

    • Accuser Details Lewd Behavior by Cain – Attorney Says Corroborates Claim – In an interview after Ms. Bialek’s news conference, Joel P. Bennett, a lawyer for one of Mr. Cain’s anonymous accusers, said that Ms. Bialek’s claims were “very similar” in nature to the incident that occurred between his client and Mr. Cain.

      His client has not said whether Mr. Cain touched her physically. In a statement Friday on her behalf, Mr. Bennett alleged that Mr. Cain had engaged in a “series of inappropriate behaviors and unwanted advances” toward his client.

      “It corroborates the claim,” Mr. Bennett said of Ms. Bialek’s allegation. Asked whether that meant that Mr. Cain had physically touched his client inappropriately, Mr. Bennett said “I can’t get more specific” but added that “I can say it is corroborating.”

      Mr. Bennett also said that a woman named Sharon from Chicago left a message on his answering machine over the weekend saying that she, too, had been the subject of harassment at the hands of Mr. Cain. Mr. Bennett said he called her back to suggest that he could arrange for her to come forward confidentially, but that she said that she would think about it.

      After watching the news conference, Mr. Bennett said: “I guess she got over her shyness.”

      Ms. Bialek is the first woman to come forward publicly with such allegations. In her statement to the press, Ms. Bialek said that she had been fired at the association after about a year working for the group’s educational foundation in its Chicago office. She said she sought Mr. Cain’s help to find other employment during a trip to Washington about a month after he left the group.

      During that trip, she said Mr. Cain had secretly upgraded her hotel room before drinks and dinner that the two had to discuss possible future employment. She said that after dinner, he put his hand on her leg and ran it under her skirt and pulled her head toward his crotch.

    • BREAKING: Cain accuser says candidate groped her in 1997 – A woman who claimed Herman Cain sexually assaulted her in 1997 said Monday she hoped the Republican presidential candidate would come clean about other allegations of sexual misconduct.

      Sharon Bialek said Cain reached under her skirt and pressed her head toward his crotch when Bialek was visiting Cain in Washington to get job hunting advice after she had been “terminated” from the National Restaurant Association.

      Bialek said that when she protested, Cain asked, “You want a job, right?”

      Bialek worked at the educational foundation of the National Restaurant Association beginning from 1996 to 1997, when she said her superiors released her from her position, citing poor fundraising numbers.

      Bialek said she was already acquainted with Cain after meeting him at NRA conferences, and visited him in Washington in July 1997 to see if he could help her regain her position or find another position within the organization.

      When Bialek and Cain were returning from dinner, Bialek said Cain made inappropriate advances in a parked car.

      “He put his hand on my leg, under my skirt, and reached for my genitals,” Bialek said. “He also grabbed my head and pushed it toward his crotch.”

      Cain’s campaign denied Bialek’s allegations in a statement before the press conference began.

      “Just as the country finally begins to refocus on our crippling $15 trillion national debt and the unacceptably high unemployment rate, now activist celebrity lawyer Gloria Allred is bringing forth more false accusations against the character of Republican front-runner Herman Cain,” the statement read.

      “All allegations of harassment against Mr. Cain are completely false. Mr. Cain has never harassed anyone. Fortunately the American people will not allow Mr. Cain’s bold “9-9-9 Plan”, clear foreign policy vision and plans for energy independence to be overshadowed by these bogus attacks.”

    • Woman says Cain put hand up her skirt – Sharon Bialek alleged at a news conference today that Herman Cain reached under her skirt in 1997 as she sought help in finding a job.

      The Chicago-area mother, described by her lawyer as a registered Republican, urged the GOP presidential candidate to “come clean” and admit how he was “inappropriate” with her and other women.

      Bialek’s story was immediately denied by the Cain campaign, which sent out a news release as the woman spoke publicly at a New York City news conference with her lawyer, noted defense attorney Gloria Allred, by her side.

      The stories of three other women have been reported by Politico and the Associated Press.

      “All allegations of harassment against Mr. Cain are completely false,” the Cain campaign statement said. “Mr. Cain has never harassed anyone.”

      The disclosure by Bialek brought a shocking twist to the allegations of sexual misconduct by Cain, which date back to his time as head of the National Restaurant Association from 1996-1999.

      Cain’s campaign has been roiled for more than a week by the allegations. He is tied with Mitt Romney for the GOP presidential nomination in a new USA TODAY/Gallup Poll. But a majority of Republicans say they wouldn’t vote for a candidate proved to have sexually harassed employees.

    • President 2012: How Does the Electoral College Look – One Year Out? | Flap’s Blog – FullosseousFlap’s Dental Blog – President 2012: How Does the Electoral College Look – One Year Out? #tcot #catcot
    • The Morning Flap: November 7, 2011 | Flap’s Blog – FullosseousFlap’s Dental Blog – The Morning Flap: November 7, 2011 #tcot #catcot
    • Taxpayers Take On L.A. County’s Unconstitutional Grocery Bag Tax | FlashReport – Taxpayers Take On L.A. County’s Unconstitutional Grocery Bag Tax
    • Flap’s California Morning Collection: November 7, 2011 » Flap’s California Blog – Flap’s California Morning Collection: November 7, 2011
  • Polling,  President 2012

    President 2012 GOP Poll Watch: Romney 21% Vs. Cain 21% Vs. Gingrich 12% Vs. Perry 11%

    According to the latest Gallup Poll.

    Herman Cain now ties Mitt Romney as the leader for the GOP presidential nomination in USA Today/Gallup polling on Republican preferences conducted Nov. 2-6. Each receives 21% support from Republicans nationwide. Newt Gingrich and Rick Perry follow, with 12% and 11% support, respectively.

    Gallup’s previous measure of Republicans’ preferences, conducted Oct. 3-7, also showed Romney and Cain essentially tied, with Romney at 20% support and Cain at 18%. At that point, Perry was in second place with 15%, followed by Ron Paul at 8% and Gingrich at 7%.

    Well, this poll was taken before today’s latest revelation about another woman accusing Cain of inappropriate behavior.

    Note, the rise of Newt Gingrich in this poll. The former Speaker may very well become the alternative to Mitt Romney, but whether he can go toe to toe with Romney remains to be seen.

    Republicans’ latest preferences for their party’s nomination highlight Romney’s inability to build on his support in recent months. Romney’s 21% preference score is now no better in the trial heat poll than it was in May, despite the rise and then fall in Republican support for Perry and Michelle Bachmann, the collapse in support for Gingrich earlier this year, and the latest controversy surrounding Cain.

    Meanwhile, Gingrich has seen a modest renaissance of sorts in his positioning. He received as high as 12% support earlier in the year, but fell to as low as 4% of Republicans’ preferences, in Gallup’s August update. Now, he’s back to 12%, and essentially ties Perry for second place behind the two front-runners. Gallup’s Positive Intensity Scores, updated each Tuesday, also show that Gingrich’s image has been improving.

  • Electoral College,  President 2012

    President 2012: How Does the Electoral College Look – One Year Out?



    NBC has their battleground map above and their analysis.

    A year out from Election Day 2012, NBC’s battleground map shows that the presidential contest is shaping up to be VERY competitive and potentially VERY close; think 2004 meets 2000, with the 2008 states. According to the map, 196 electoral votes are in the Democratic column, while 195 are in the GOP column. And 147 electoral votes are considered a toss-up. The map also shows the toll the past summer took on President Obama: In April, it was 232 Dem, 191 GOP, with 115 toss-up.

    • Solid Dem (no chance at flip): DC, DE, HI, MD, MA, NY, RI, VT (67 electoral votes)
    • Likely Dem (takes a landslide to flip): CA, CT, IL, ME, WA (98)
    • Lean Dem: MN, NJ, OR (31)
    • Toss-up: CO, FL, IA, MI, NV, NM, NC, OH, PA, VA, WI (147)
    • Lean GOP: AZ, GA, MO, NE (one EV), NH (42)
    • Likely GOP (takes a landslide to flip): AL, AR, IN, LA, MS, MT, NE (four EVs), ND, SC, SD, TX (100)
    • Solid GOP (no chance at flip): AK, ID, KS, KY, OK, TN, UT, WV, WY (53)

    The fact is some of the key battleground states which I have been writing about since the beginning of 2011 have swung to the GOP and there remain just a few battlegrounds. One of these states must be won by President Obama in order to win the Presidency. These states are: Florida, North Carolina, Virginia and Ohio.

    Here is my map which will reflect the Electoral College votes if the Presidential electionwere held today. This is an accurate representation of the polling data I have seen and will likely be the result of next November’s election.

    So, the GOP will concentrate its campaign resources into probably six states, depending upon who the nominee is – Florida, North Carolina, Virginia, Ohio, Colorado and Nevada. It is in these states where the race for the Presidency will be run.

    And, as of today, the Republican candidate wins the Presidency 275 Vs. 263.

    If you, the reader, would like to test other Electoral College vote scenarios, go here to this interactive website.

  • Pinboard Links,  The Morning Flap

    The Morning Flap: November 7, 2011

    These are my morning flap links for November 7th:

    • Contact Your Senator: This Week We Overturn Obama Administration Net Neutrality Internet Power Grab – From most appearances, the Senate will this week vote on Senate Joint Resolution (S.J.Res) 6 – the Congressional Review Act Resolution of Disapproval of the Obama Administration Federal Communications Commission (FCC)’s illegal Internet Net Neutrality power grab.

      Only 51 votes are required for passage – which means only 4 Democrats are needed. There are 23 Democrat Senate seats up for reelection next year. A few of these folks aren’t running. The rest are – many in Center or Center-Right states. Additionally. there are a few other Senators that should also be subject to Constitutional reason, and thusly contacted.

      Behold a list of some of these Senators – and their contact information. Reach out and tell them to vote Yes on S.J.Res 6. And Tweet it all out – with the hashtag #freethenet.

    • Gallegly one of targeted 25 in new DCCC radio ads – One year before Election Day 2012, the Democratic Congressional Campaign Committee launched radio ads in the districts of 25 targeted Republicans nationwide, including Rep. Elton Gallegly of Simi Valley.

      The extent of the buy was not divulged, but Republican operatives told the Capitol Hill newspaper Roll Call that they believed the buy was very minimal — an attempt to gain some news coverage, rather than actually make impressions on voters with repetitive ads on multiple stations.

      Gallegly — who has not yet announced whether he intends to run for re-election — would most likely run in the new 26th Congressional District, which includes all of Ventura County except for most of the city of Simi Valley and small coastal strip in the city of Ventura. The voting makeup and history of that district suggest it is one that Democrats can classify as a “pickup” — one in which most the territory is now represented by Gallegly and could be won by a Democrat in the fall. If Democrats win 25 such districts nationally next year and hold onto the seats they now hold, they will regain majority control of the House of Representatives.

      The inclusion of Gallegly in the 25 selected targets is the latest evidence that the new district will put Ventura County squarely on the map in national congressional campaign politics next fall.

    • Best College Majors for a Career – Choosing the right college major can make a big difference in students’ career prospects, in terms of employment and pay. Here’s a look at how various college majors fare in the job market, based on 2010 Census data. Some popular majors, such as nursing and finance, do particularly well, with unemployment under 5% and high salaries during the course of their careers.
    • New Woman Accusing Herman Cain Of Sexual Harassment Hires Gloria Allred – A new woman alleging sexual harassment by presidential hopeful Herman Cain will break her silence at a news conference with her powerhouse attorney Gloria Allred Monday afternoon in New York City, RadarOnline.com is exclusively reporting.

      The embattled GOP nominee has admitted that several women who worked at the National Restaurant Association during his tenure as president of the organization received settlements. Politico has reported that the settlements were given because of sexual harassment allegations.

      PHOTOS: Celebrity Cheaters

      The woman, who will be the first to go public on Monday, sought Cain’s help with an employment issue and was allegedly sexually harassed by him. Allred and her client will discuss, in detail, what she alleges occurred with Cain.

      The Tea Party darling had hoped the scandal would die down, but that’s not happening. Once again, he clashed with reporters on Saturday night after a debate with Newt Gingrich. Cain refused to answer questions about the allegations, and said, “You see what I mean? I was gonna do something that my staff told me not to do and try to respond, okay? What I’m saying is this — we are getting back on message, end of story. Back on message. Read all of the other accounts. Read all of the other accounts where everything has been answered in the story. We’re getting back on message, okay?”

    • President 2012 GOP Iowa Poll Watch: Cain Leads in Iowa, Gingrich Surges – A new We Ask America poll in Iowa finds Herman Cain leading the GOP presidential field with 22%, followed by Newt Gingrich at 18%, Mitt Romney at 15%, and Michele Bachmann and Ron Paul at 11%.

      No other candidate gets more than 5%.

      Here comes Newt.

    • Romney Will Play in Iowa – The Hotline: “After months of debate inside the Romney camp over whether to compete in Iowa, it seems the decision has been made: Romney will play in Iowa, and he will play to win. The most recent evidence: Romney will hold campaign events Monday in Iowa, his second trip in three weeks after visiting the state only twice in the previous 12 months; His son Josh and wife Ann have quietly canvassed the state in recent weeks, and both have campaigned vigorously there for the Republican candidate in a crucial state Senate race; and Romney just launched aggressive robocalls in Iowa attacking Perry over his immigration policies, throwing the first punch in what could be a heavyweight Hawkeye State bout.”

      “The question is no longer whether Romney competes in Iowa; the question is how much time and money he’ll invest in the state that so wounded his candidacy in 2008.”

    • Byron York: Why Santorum runs – If sheer effort determined the winner of the Iowa caucuses, Rick Santorum would win in a walk. His stop in Fairfield marks the 97th Iowa county Santorum has visited in his run for the Republican presidential nomination. The state has 99 counties in all, and before this day is over, Santorum will reach his goal of visiting them all. None of Santorum’s rivals has even come close.

      The problem is Santorum isn’t close to the lead here in Iowa. According to the RealClearPolitics average of polls, he is the choice of 3.5 percent of Iowa Republicans — seventh in a field of eight candidates. No matter who has led the field — Mitt Romney, Michele Bachmann, Herman Cain — Santorum has stayed near the bottom.

      Yet Santorum is the most powerful voice on behalf of the conservative social positions that many Iowa Republicans hold dear. It’s his bad luck to be running in a year dominated by economic concerns and to face opponents who more or less share his views on social issues but are perceived as stronger candidates on economic matters. Santorum is stuck in a moment that’s just not made for him.

      It’s a problem Santorum has struggled with, and he’s come up with two ways to address it. The first is by talking about the economy in a way that is unique among Republican candidates. And the second is by arguing that economic recovery and economic strength simply aren’t possible without the emphasis on strong families that has been a key part of his campaign.

    • Report: Pentagon Weighing Base Closures, Military Benefits in Face of Budget Cuts – Defense Secretary Leon Panetta, in an effort to find $450 billion to cut from the Pentagon’s budget, is considering wide-ranging measures that could include base closures, hikes in the cost of military health insurance, and possible cuts in retirement pay, The New York Times reported Sunday.

      Panetta’s comments about budget reductions come nearly three weeks before the so-called congressional super committee reaches a key deadline. The Pentagon stands to see $600 billion in automatic cuts if the committee does not come up with an alternative plan.

      “There will be some huge political challenges,” Panetta told the Times in an interview that took place Friday. “When you reduce defense spending, there’s likely to be base closures, possible reduction in air wings,” he said.

      The days of a counterinsurgency-focused force might be coming to a close.

      The Times reported that Panetta “did not envision maintaining a ground force large enough to conduct a long, bloody war and then stability operations in North Korea or Iran, as the United States did in Afghanistan and Iraq.”

      Among the proposals he was considering, Panetta told the Times that the Pentagon was considering raising fees for the military’s health insurance program. Military retirees and families, who are guaranteed the military benefit for life, pay only $460 a year in fees, the Times said.

    • Romney, seen as most electable, still struggles to break out of pack, poll shows – Former Massachusetts governor Mitt Romney has a significant advantage over his rivals for the Republican presidential nomination in only one area — electability — and will approach the next round of candidate debates with several potential liabilities, according to a new Washington Post-ABC News poll.

      Often described as the candidate to beat in the GOP race, Romney remains stuck in place in national polls — he is at 24 percent in the Post-ABC survey — despite the fact that one of his main challengers, Texas Gov. Rick Perry, has stumbled and several high-profile potential candidates decided not to enter the race to challenge President Obama.

    • IAEA says foreign expertise has brought Iran to threshold of nuclear capability – Intelligence provided to U.N. nuclear officials shows that Iran’s government has mastered the critical steps needed to build a nuclear weapon, receiving assistance from foreign scientists to overcome key technical hurdles, according to Western diplomats and nuclear experts briefed on the findings.

      Documents and other records provide new details on the role played by a former Soviet weapons scientist who allegedly tutored Iranians over several years on building high-precision detonators of the kind used to trigger a nuclear chain reaction, the officials and experts said. Crucial technology linked to experts in Pakistan and North Korea also helped propel Iran to the threshold of nuclear capability, they added.

    • Census: 49 million in poverty – New estimates released Monday show that the number of Americans living in poverty was higher than previously estimated, and stands at 49.1 million, according to the Census Bureau.

      The nearly-50 million people who live below the poverty line represents 16 percent of all Americans.

      The numbers that were released were adjustments to the official 2010 poverty figures of 46.2 million, or 15.1 percent of Americans, that were released in September. The supplemental figure is higher than the official figure because it considers higher costs of living on expenses that aren’t factored into the official rate.

      Hispanic poverty rose to 28.2 percent, affecting 14.1 million, surpassing that of blacks for the first time. Still, 9.9 million African-Americans suffered from poverty, a rate of 25.4 percent. The Asian poverty rate was 16.7 percent, affecting 2.4 million people.

      Meanwhile, non-Hispanic whites had a lower poverty rate of 11.1 percent, or 21.9 million people.

    • Flap’s Blog.Com Links and Comments for November 6th through November 7th | Flap’s Blog – FullosseousFlap’s Dental Blog – Flap’s Links and Comments for November 6th through November 7th #tcot #catcot
  • Pinboard Links

    Flap’s Blog.Com Links and Comments for November 6th through November 7th

    These are my links for November 6th through November 7th:

     

    • Early Jobs Projections Could Haunt Obama in 2012 – A year out from Election Day: an eon in political time, sufficient to alter circumstances substantially for or against either party. But Friday’s tepid jobs report brings a fresh reminder of the stubborn difficulty President Obama and his team face in overcoming one of their most enduring mistakes, one made before he even took office.

      Ten days prior to Mr. Obama’s taking the oath of office in January 2009, his economic team released a report outlining the estimated benefits of the $775 billion stimulus plan he was seeking. The projections were quite specific. The stimulus legislation passed just a few weeks later at about the size the White House had sought. Had all gone as promised by the report, the unemployment rate right now would have been around 6.5 percent, heading down to around 6 percent by the end of this year and a little over 5 percent at the end of next year.

      The Labor Department announced Friday that the unemployment rate for October was 9 percent, down from 9.1 percent a month earlier, and that job growth for the month was just 80,000, nowhere near the rate necessary to drive joblessness toward anything like 6 percent. The Federal Reserve has already projected that the unemployment rate will be at least 8.5 percent at the end of next year, meaning the next presidential term would start with a higher rate than the 7.3 percent Mr. Obama inherited when he took office.

    • White House gets an earful from Latinos in Inland Empire – Obama administration officials ventured to the Inland Empire on Saturday for a policy summit with Latinos, getting an earful from residents stung by the region’s flattened economy and critical of Washington’s failure to reform the nation’s immigration system.

      The daylong meeting at UC Riverside, one of a series that have been held across the country, included free-flowing policy bull sessions and presentations by White House representatives touting President Obama’s proposed jobs bills and record on healthcare, education funding and immigration.

      The crowd filled a cavernous auditorium and included Latino activists, business owners, teachers and other residents — most of whom said they came to be heard rather than listen to speeches.

      The economic wounds from the recession remain raw in a region where fortunes plummeted with the crash of the housing market and construction industry. Once a haven for Latino immigrants looking for housing construction jobs, unemployment now hovers around 14% in San Bernardino County and 13% in Riverside County.

      “This just can’t be an exercise in politics. It can’t be, a region gets checked off and we move on,” said Paul Granillo, president of the Inland Empire Economic Partnership, a coalition of the region’s businesses, government and nonprofit groups. “The challenges that face us are severe.”

      Nationwide, the Latino unemployment rate is just over 13%, compared with the national average of about 9%. Nearly a quarter of the 51 million Latinos in the U.S. live in poverty, compared with 15% for the nation as a whole.

      San Bernardino, a city where Latinos account for 6 of every 10 residents, has the second-highest poverty rate among the nation’s major cities. A U.S. Census report released in September showed that 34.7% of city residents live below the poverty line.

    • The Municipal Bond Market Is Imploding – Moody’s Credit Rating Service just announced the ominous trend that credit quality in the municipal bond market is falling at the fastest rate since the collapse of Lehman Brothers in 2008. Data released showed that 5.3 times as many municipal bonds were credit downgraded over the three last months than were upgraded. Moody’s emphasized that: “Downgrades dominated rating revisions across all public finance sectors except for healthcare,” said Assistant Vice President-Analyst Dan Steed, author of the report. “A rapid deterioration in credit metrics led to a higher-than-average 14 multi-notch downgrades.” Often sold to individuals as “conservative investments with tax free income”, munis in states like California, Illinois, New Jersey, and Pennsylvania are increasingly looking like high risk rolls of the dice.
    • Romney just dramatically raised the stakes vs. Obama – But no more. Romney has made several moves of late ensuring that if he’s the nation’s 45th president, Americans will have cast an affirmative vote for something.

      First, Romney said his policies would help U.S. growth accelerate to 4 percent annually. Gutsy. Recall how Tim Pawlenty was mocked mercilessly for setting a 5 percent growth target. Overall, U.S. GDP growth has averaged 3.3 percent the past 50 years. But many economists think aging America will need to settle for growth closer to 2 percent long term. Romney, however, seems to agree with consultant McKinsey that a higher retirement age and smarter immigration policy, along with smarter regulation and pro-investment tax policy, could allow the U.S. to maintain its historic growth rate, if not higher. More importantly, the target represents a rejection of the declinist mentality.

      Second, Romney has basically adopted Paul Ryan’s Medicare reform plan — helping seniors pay for private insurance — with the twist of giving seniors the option of sticking with a government program. By embracing a pro-market, patient-centered approach, Romney has invited Team Obama to attack him for trying to “privatize” Medicare as surely as if he advocated phasing out the system entirely. Another bold call.

      Third, Romney proposed capping government spending at 20 percent of GDP and cutting $500 billion from government spending during his first term. Not only does this directly strike at the liberal consensus that spending as a share of output must rise as America ages, it invites another Obama attack: the GOP nominee is proposing economy-killing austerity.

      So now Romney will have to advocate and defend — if he is the nominee — not just attack and deride. And America will have a choice, not just an echo.

    • NY-Sen: Sen. Gillibrand to Get a Strong GOP Challenger Next Year? – Wouldn’t this be a delicious match-up? “Republican Harry Wilson, the wealthy investor and former member of President Obama’s Auto Industry Task Force, is being talked up by GOP insiders as a possible candidate against US Sen. Kirsten Gillibrand in 2012, The Post has learned. He ran a strong but unsuccessful race for state comptroller last year against Thomas DiNapoli. Wilson, a native of upstate Johnstown who holds an MBA from Harvard, has been making the rounds of cable business shows lately, keeping his name before the public. GOP insiders said he has not yet decided to enter the Senate race.”

      He and Jon Huntsman could form “Disillusioned Obama Appointees United.”

    • (404) http://www.270towin.com/RT – In your dreams, Chris. Go here : @TheFix: Why the electoral college map STILL favors Obama
    • On electoral map, Obama still has routes to victory in 2012, despite low ratings – The Washington Post – In your dreams, Chris. Go here : @TheFix: Why the electoral college map STILL favors Obama
    • RealClearPolitics – Cain Holds Big Lead Over GOP Rivals in Iowa – Cain Holds Big Lead Over GOP Rivals in Iowa #tcot
    • Cain’s support dips after sex accusations: poll
      | Reuters
      – President 2012 Poll Watch: Herman Cain’s support dips after sex accusations
    • Romney, at tea party event, proposes broad changes to Medicare, other cuts at tea party rally – The Washington Post – Romney, at tea party event, proposes broad changes to Medicare, other cuts at tea party rally
    • Dilbert November 6, 2011 – Faking it? » Flap’s California Blog – Dilbert November 6, 2011 – Faking it?
    • The Sunday Flap: November 6, 2011 | Flap’s Blog – FullosseousFlap’s Dental Blog – The Sunday Flap: November 6, 2011 #tcot #catcot
  • Twitter

    @Flap Twitter Updates for 2011-11-07

    Powered by Twitter Tools