mykeystrokes.com

"Do or Do not. There is no try."

“The Burden Of Governing”: Boehner Tantrum Does The GOP Cause No Favors

If House Speaker John Boehner’s (R-Ohio) tantrum yesterday was intended to get headlines, it was a striking success. News outlets everywhere were eager to tell the public that the Republican leader wants Senate Democrats “to get off their ass and do something.”

At issue, of course, is the dispute between the Republican-led House and the Republican-led Senate over funding for the Department of Homeland Security. When the Speaker, who still has no legislative accomplishments to his name, says he wants Dems to “get off their ass,” it’s little more than gibberish – Democrats aren’t being lazy; the congressional minority simply remains opposed to the anti-immigrant scheme cooked up by the majority.

Funny, Boehner thought filibusters were great when it was his party in the minority.

Nevertheless, the Speaker’s cursing notwithstanding, we’re left with a dispute that pits the Senate GOP against the House GOP, with each insisting the other has to do something before Homeland Security runs out of money in two weeks.

And if Boehner thought his whining yesterday might turn the tide, he was likely disappointed by the end of the day.

Republican Sen. Mark Kirk said Wednesday that his party made a mistake by picking a fight over President Barack Obama’s immigration actions, and said Senate Majority Leader Mitch McConnell (R-KY) should bring up a “clean” bill to keep the Department of Homeland Security funded.

“I generally agree with the Democratic position here. I think we should have never fought this battle on DHS funding,” the Illinois senator told a few reporters in the Capitol.

The Illinois Republican added, “I don’t think we should have ever attached these issues to DHS funding. I always thought the burden of being in the majority is the burden of governing.” This is, of course, the polar opposite of what Kirk told reporters literally the day before.

But even putting Kirk’s contradictions aside, the larger point to keep in mind is that there are growing cracks in the GOP’s facade.

While Kirk was telling reporters that his fellow Republicans should just give up and pass a clean bill, Sen. Jeff Flake (R-Ariz.) also broke ranks, adding, “Using a spending bill to poke a finger in the president’s eye is not a good move.”

At least one House Republican also wants his party to throw in the towel and end the nonsense.

“From a political perspective, in my view, you’re better off passing a clean Homeland Security appropriations bill because it makes a lot of important changes many of us on the Republican side wanted – more detention beds and all sorts of improvements to border control,” Rep. Charlie Dent (R-Pa.) told reporters.

“I think it’s better politically to vote for a clean appropriations bill,” he added. “That’s better on a policy basis as well as on a political basis. I’m going to urge that we do the DHS bill and not a CR, but a CR is better than a shutdown.”

House Republican leaders have worked from a bizarre assumption: as the deadline neared, Democrats would give in, reward the GOP with everything it wants, and abandon millions of immigrants in order to make the far-right happy. As long as Republicans kept the pressure on and refused to budge, Boehner and Co. thought, Democrats would magically move to the right.

As became clear yesterday, it’s actually Republicans who are giving up on this gambit and endorsing the Democratic position.

 

By: Steve Benen, The Madow Blog, February 12, 2015

February 13, 2015 Posted by | Dept of Homeland Security, John Boehner | , , , , , , , , , | Leave a comment

“In Boehner We Trusted”: Netanyahu Throws Boehner Under The Bus; Biden To Skip Speech

There’s been scuttlebutt all week about congressional Democrats skipping Israeli Prime Minister Benjamin Netanyahu’s upcoming speech as a way to send a message about the party’s disappointment. The way in which Netanyahu and House Speaker John Boehner (R-Ohio) went behind President Obama’s back, and partnered to undermine U.S. foreign policy, does not sit well with many Dems, and even an informal boycott of his congressional address would be a big deal.

Those Democrats inclined to skip the Prime Minister’s remarks will apparently have some cover.

Vice President Joe Biden is expected not to attend a March 3 speech at the Capitol by Israeli Prime Minister Benjamin Netanyahu because he will be traveling abroad, Biden’s office confirmed to NBC News Friday.

It is not clear yet where Biden will be traveling at the time of Netanyahu’s speech, which has become controversial both because of its proximity to the Israeli elections and because it was planned by Republicans without prior consultation with the White House.

The second part is of particular interest. As the AP’s report notes, the Vice President’s office didn’t point to a specific commitment abroad on March 3, only that Biden is “expected to be traveling.” The office didn’t say where or why.

It’s hardly unreasonable to wonder if this is the diplomatic equivalent of, “I’m washing my hair – somewhere.”

Just as striking, meanwhile, is the degree to which Netanyahu’s administration appears to be throwing the Republican leadership under the bus.

A senior Israeli official suggested on Friday that Prime Minister Benjamin Netanyahu had been misled into thinking an invitation to address the U.S. Congress on Iran next month was fully supported by the Democrats. […]

“It appears that the speaker of Congress made a move, in which we trusted, but which it ultimately became clear was a one sided move and not a move by both sides,” Deputy Israeli Foreign Minister Tzachi Hanegbi told 102 FM Tel Aviv Radio on Friday.

Or to put it another way, “We totally trusted Boehner to do this the right way; he didn’t; so blame him for this fiasco.”

We talked the other day about this increasingly messy problem, and the growing debate as to who screwed up more; Boehner or Netanyahu. These latest comments from a senior Israeli official suggest the Prime Minister is eager to tilt the scales in the GOP leader’s direction.

That said, in the same interview Deputy Israeli Foreign Minister Tzachi Hanegbi suggested Netanyahu’s speech will go forward as planned. The question now is how many Democrats intend to show up.

I’ve generally been skeptical about whether a large-scale boycott would come together – a few House Dems have announced their intention to stay away, though it’s a pretty small group – but the news about Vice President Biden may very well change the entire dynamic for Democrats.

 

By: Steve Benen, The Maddow Blog, February 8, 2015

February 10, 2015 Posted by | Benjamin Netanyahu, Foreign Policy, John Boehner | , , , , , , , | Leave a comment

“Wall Street’s Threat To The American Middle Class”: Do We Really Need To Be Reminded About What Happened Six Years Ago?

Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed.

The Street’s excesses pose a continuing danger to average Americans. And its ongoing use of confidential corporate information is defrauding millions of middle-class investors.

Yet most presidential aspirants don’t want to talk about taming the Street because Wall Street is one of their largest sources of campaign money.

Do we really need reminding about what happened six years ago? The financial collapse crippled the middle class and poor — consuming the savings of millions of average Americans, and causing 23 million to lose their jobs, 9.3 million to lose their health insurance, and some 1 million to lose their homes.

A repeat performance is not unlikely. Wall Street’s biggest banks are much larger now than they were then. Five of them hold about 45 percent of America’s banking assets. In 2000, they held 25 percent.

And money is cheaper than ever. The Fed continues to hold the prime interest rate near zero.

This has fueled the Street’s eagerness to borrow money at rock-bottom rates and use it to make risky bets that will pay off big if they succeed, but will cause big problems if they go bad.

We learned last week that Goldman Sachs has been on a shopping binge, buying cheap real estate stretching from Utah to Spain, and a variety of companies.

If not technically a violation of the new Dodd-Frank banking law, Goldman’s binge surely violates its spirit.

Meanwhile, the Street’s lobbyists have gotten Congress to repeal a provision of Dodd-Frank curbing excessive speculation by the big banks.

The language was drafted by Citigroup and personally pushed by Jamie Dimon, CEO of JPMorgan Chase.

Not incidentally, Dimon recently complained of being “under assault” by bank regulators.

Last year JPMorgan’s board voted to boost Dimon’s pay to $20 million, despite the bank paying out more than $20 billion to settle various legal problems going back to financial crisis.

The American middle class needs stronger bank regulations, not weaker ones.

Last summer, bank regulators told the big banks their plans for orderly bankruptcies were “unrealistic.” In other words, if the banks collapsed, they’d bring the economy down with them.

Dodd-Frank doesn’t even cover bank bets on foreign exchanges. Yet recent turbulence in the foreign exchange market has caused huge losses at hedge funds and brokerages.

This comes on top of revelations of widespread manipulation by the big banks of the foreign-exchange market.

Wall Street is also awash in inside information unavailable to average investors.

Just weeks ago a three- judge panel of the U.S. court of appeals that oversees Wall Street reversed an insider-trading conviction, saying guilt requires proof a trader knows the tip was leaked in exchange for some “personal benefit” that’s “of some consequence.”

Meaning that if a CEO tells his Wall Street golfing buddy about a pending merger, the buddy and his friends can make a bundle — to the detriment of small, typically middle-class, investors.

That three-judge panel was composed entirely of appointees of Ronald Reagan and George W. Bush.

But both parties have been drinking at the Wall Street trough.

In the 2008 presidential campaign, the financial sector ranked fourth among all industry groups giving to then candidate Barack Obama and the Democratic National Committee. In fact, Obama reaped far more in contributions from the Street than did his Republican opponent.

Wall Street also supplies both administrations with key economic officials. The treasury secretaries under Bill Clinton and George W. Bush – Robert Rubin and Henry Paulson, respectfully, had both chaired Goldman Sachs before coming to Washington.

And before becoming Obama’s treasury secretary, Timothy Geithner had been handpicked by Rubin to become president of Federal Reserve Bank of New York. (Geithner is now back on the Street as president of the private-equity firm Warburg Pincus.)

It’s nice that presidential aspirants are talking about rebuilding America’s middle class.

But to be credible, he (or she) has to take clear aim at the Street.

That means proposing to limit the size of the biggest Wall Street banks;  resurrect the Glass-Steagall Act (which used to separate investment from commercial banking); define insider trading the way most other countries do – using information any reasonable person would know is unavailable to most investors; and close the revolving door between the Street and the U.S. Treasury.

It also means not depending on the Street to finance their campaigns.

 

By: Robert Reich, The Robert Reich Blog, January 26, 2015

February 2, 2015 Posted by | Big Banks, Campaign Financing, Wall Street | , , , , , , , , | Leave a comment

“Economic Facts Get In The Way”: For Republicans, Pretending That ‘Up Is Down’ Won’t Cut It

Uh-oh. Now that the economy is doing well, what are Republicans – especially those running for president – going to complain about? And what are Democrats willing to celebrate?

Last week’s announcement that the economy grew at a 5 percent rate in the third quarter of 2014 – following 4.6 percent second-quarter growth – was the clearest and least debatable indication to date that sustained recovery is no longer a promise, it’s a fact.

Remember how Mitt Romney painted President Obama as an economic naïf, presented himself as the consummate job-creator and promised to reduce unemployment to 6 percent by the end of his first term? Obama beat him by two full years: The jobless rate stands at 5.8 percent, which isn’t quite full unemployment but represents a stunning turnaround.

Since the day Obama took office, the U.S. economy has created well over 5 million jobs; if you measure from the low point of the Great Recession, as the administration prefers, the number approaches 10 million. It is true that the percentage of Americans participating in the workforce has declined, but this has to do with long-term demographic and social trends beyond any president’s control.

Middle-class incomes have been flat, despite a recent uptick in wages. But gasoline prices have plummeted to an average of $2.29 a gallon nationwide, according to AAA. This translates into more disposable income for consumers; as far as the economy is concerned, it’s as if everyone got a raise.

The stock market, meanwhile, is at an all-time high, with the Dow soaring above 18,000. This is terrific for Wall Street and the 1 percenters, but it also fattens the pension funds and retirement accounts of the middle class.

All this happy economic news presents political problems – mostly for Republicans but to some extent Democrats as well.

For Rand Paul, Jeb Bush, Chris Christie, Marco Rubio and other potential GOP presidential contenders, the first question is whether to deny the obvious, accept it grudgingly or somehow embrace it.

For years, a central tenet of the Republican argument has been that on economic issues, Obama is either an incompetent or a socialist. It should have been clear from the beginning that he is neither, given the fact that he rescued an economy that was on the brink of tipping into depression – and did it in a way that was friendly to Wall Street’s interests. But the GOP rarely lets the facts get in the way of a good story, so attacks on Obama’s economic stewardship have persisted.

The numbers we’re seeing now, however, make these charges of incompetence and/or socialism untenable. Even the Affordable Care Act – which Republicans still claim to want to repeal – turned out not to be the job-killer that critics imagined. All it has done, aside from making it possible for millions of uninsured Americans to get coverage, is help hold down the cost of medical care, which is rising at its slowest rate in decades.

GOP candidates face a dilemma. To win in the primaries, where the influence of the far-right activist base is magnified, it may be necessary to continue the give-no-quarter attacks on Obama’s record, regardless of what the facts might say. But in the general election, against a capable Democratic candidate – someone like Hillary Clinton, if she decides to run – pretending that up is down won’t cut it.

Likewise, the Republican leadership in the House and now the Senate will confront a stark choice. Do they collaborate with Obama on issues such as tax reform, infrastructure and the minimum wage in an attempt to further boost the recovery? Or do they grumble on the sidelines, giving the impression they are rooting against the country’s success?

Democrats, too, have choices to make. The fall in gas prices is partly due to a huge increase in U.S. production of fossil fuels. “Drill, baby, drill” may have been a GOP slogan, but it became reality under the Obama administration. Is the party prepared to celebrate fracking? Will Democratic candidates trumpet the prospect of energy independence?

Likewise, Elizabeth Warren charges that the administration’s coziness with Wall Street helps ensure that the deck remains stacked against the middle class. Warren says she isn’t running for president but wants to influence the debate. She has. Clinton’s speeches have begun sounding more populist, in spite of her long-standing Wall Street ties.

You know the old saying about how there’s no arguing with success? Our politicians are about to prove it wrong.

 

By: Eugene Robinson, Opinion Writer, The Washington Post, December 20, 2014

December 30, 2014 Posted by | Economic Recovery, Economy, GOP Presidential Candidates | , , , , , , , , , | Leave a comment

“The Peacock Festival”: The Perilous Base-Courting Phase Of The 2016 Primaries Begins

Now that Christmas has triumphed yet again in the War on Christmas, taking place as scheduled, we can turn our attention to the presidential primaries. After all, the Iowa caucuses are only 401 days away. For quite a while yet, the candidates are going to spend their time figuring out how to bring base voters over to their side (and you should probably steel yourself for 500 or so repetitions of “It’s all about that base, ’bout that base” jokes from pundits showing they’re down with what the kids are into these days).

Here’s Anne Gearan in today’s Post:

Hillary Rodham Clinton, the Democratic front-runner for president, is working hard to shore up support among liberals in hopes of tamping down a serious challenge from the left in the battle for the 2016 nomination.

Clinton has aligned herself firmly with President Obama since the November midterms on a range of liberal-friendly issues, including immigration, climate change and opening diplomatic relations with Cuba. In an impassioned human rights speech this month, she also condemned the CIA’s use of harsh interrogation tactics and decried cases of apparent police brutality against minorities.

The recent statements suggest a concerted effort by Clinton to appeal to the Democratic Party’s most activist, liberal voters, who have often eyed her with suspicion and who would be crucial to her securing the party’s nomination.

But the positions also tie her ever more tightly to a president who remains broadly unpopular, providing new lines of attack for the many Republicans jostling to oppose her if she runs.

And here’s a story from Mark Preston of CNN:

The first votes of the 2016 campaign won’t be cast for another year but there’s already a race well underway: The Christian primary.

Republicans are actively courting white evangelical and born again Christian voters, knowing they will be crucial in early-voting states such as Iowa and South Carolina.

Louisiana Gov. Bobby Jindal is urging people to join him next month in Baton Rouge for a day of fasting, repentance and prayer focused on the future of the United States.

On the same day, another gathering will take place in Des Moines, where at least five potential GOP presidential candidates will address Iowa voters on “core principles” that include “social conservatism.”

Later in the story, Preston notes that if Christian conservatives fail to unite behind a single candidate, their power will be diluted and a more “centrist” candidate could get the nomination. Which is both true and false. That could be the series of events, but we shouldn’t be too quick to assign causality (and there are no “centrist” GOP candidates, only some with weightier résumés who the establishment thinks have a better chance of winning; the ideological differences between them are somewhere between tiny and nonexistent). The truth is that the party’s born-again/evangelical base almost never unites behind a single candidate. The only time it has happened in recent decades was in 2000, when George W. Bush easily beat a weak field of opponents.

But there’s no doubt that the courting of the base will indeed occupy much of the candidates’ time. One common but oversimplified narrative has it that they have to do so in order to win the nomination, but it will cost them in the general election. The truth, however, is that this is a much greater danger for the Republicans than the Democrats.

To see why, look at what Clinton is up to. She’s coming out strongly in support of some moves the Obama administration has made recently and talking more about things such as inequality. That will warm liberal Democrats’ hearts, but will it actually hurt her in the general election? It’s unlikely, because her position on all these issues is widely popular. Are voters going to punish her for advocating an end to the Cuba embargo, which 68 percent of Americans believe should happen? Or a path to citizenship for undocumented immigrants, which is supported by about the same number? Or some set of populist economic policies, when around two-thirds of Americans say government policies favor the wealthy? Some issues, such as police practices, may not be so clear-cut, but on the whole the things Clinton is saying now are unlikely to turn up in attack ads in October 2016.

The story isn’t quite the same on the Republican side. Christian conservatives actually have relatively few policy demands, and most of them are already covered by what any Republican president would do anyway (such as appoint justices who would overturn Roe v. Wade). What they do demand is a demonstration of affinity and loyalty. They want to know that a candidate loves them and will be there for them throughout his time in the White House.

The danger for Republican candidates is that in the process of showing love to the base, they alienate other Americans. There’s no reason a candidate couldn’t do the former without doing the latter, if he exercised enough care. One area where it may be impossible is same-sex marriage, where the more conservative evangelical voters are still firmly opposed (though those attitudes are slowly changing), while most Americans are in favor. But what those voters mostly want is to be convinced that the candidate is one of them: that he sees the world the same way they do, loves what they love and hates what they hate. In theory, even an allegedly “centrist” candidate can accomplish that. But so often in the process of this courting, they end up looking like either panderers or extremists; that’s what happened to John McCain and Mitt Romney.

In the end, base voters in both parties want to be won over. They don’t want to go into the general election having to support a candidate they can’t stand. They may approach the courtship looking reluctant, but they’re still hoping that there will be a marriage at the end of it. And they don’t need to be convinced that their nominee is the best candidate they could ever hope for — they just want to decide that he or she is good enough. If the candidate loses, they may say afterward, “Well I never liked him anyway.” But in the meantime, getting enough of their votes in the primaries doesn’t depend on being the most religious (for the Republicans) or the most populist (for the Democrats). The question is what you do to make yourself good enough.

 

By: Paul Waldman, Contributing Editor, The American Prospect; Contributor, The Plum Line Blog, The Washington Post, December 26, 2014

December 29, 2014 Posted by | Base Voters, Election 2016, Presidential Primaries | , , , , , , | Leave a comment