Wednesday, November 07, 2012

Year Two: Campaign Finance Reform

Biden Hints at 2016 Presidential Bid
Mr. Biden, who cast his ballot Tuesday after waiting in line to vote in his home state of Delaware shortly after 7 a.m., was asked if this was the last time he’ll vote for himself. The vice president grinned. “No, I don’t think so,” he said. ..... If he got into the race it would be his third presidential campaign. He’s made two unsuccessful bids in the past, including in 2008.
Bobby Jindal for president in 2016? The early line
Louisiana Gov. Bobby Jindal, who is barred by law from seeking a third consecutive term when his current term ends in 2015. ..... The young and wonky governor of Louisiana coasted to a second term last year, and 2016 might finally mark a good opportunity for Jindal to take a run at higher office. Jindal has been viewed as an up-and-coming star in the party since he won the governorship in 2007. He will serve as chairman of the Republican Governors Association next year. Jindal didn't shy away from raising his national profile this cycle, stumping for Romney and heading to Iowa to back Texas Gov. Rick Perry in the Republican primary. Jindal returned to Iowa this fall, traveling the state with former Sen. Rick Santorum in a campaign to oust a state Supreme Court judge who has supported same-sex marriage.
Wall Street left to rebuild Obama ties after backing Romney
given that Obama won and that financial reform is popular among Americans, many on Wall Street acknowledge that there's only so much they can do. ...... Wall Street was so confident in Romney's chances that the Financial Services Roundtable, a leading industry group in Washington, recently named as its head Tim Pawlenty, a Romney campaign co-manager who has little financial firm experience and few ties to Washington policymakers. ..... A 2010 Gallup poll showed that Dodd-Frank was Obama's most popular law, exceeding healthcare reform ...... Among the financial industry's top complaints is the Volcker rule, which prevents banks from making big bets in financial markets with their own money. ..... Warren was instrumental in creating the Consumer Financial Protection Bureau, which banks were hoping to weaken. Gaining political support for such a move now seems unlikely
Nor'easter bears down on New York City, complicating Superstorm Sandy recovery efforts
Thousands of people in low-lying neighborhoods staggered by the superstorm just over a week ago were warned to clear out, with authorities saying rain, wet snow and 60 mph gusts in the evening could bring more flooding .... a Nor'Easter storm that could potentially re-flood areas devastated by Superstorm Sandy..... A nor'easter blustered into New York and New Jersey on Wednesday, threatening to swamp homes all over again, plunge neighborhoods back into darkness and inflict more misery on tens of thousands of people still reeling from Superstorm Sandy. ..... and erase some of the hard-won progress made in restoring electricity to millions of customers. ..... "I am waiting for the locusts and pestilence next," New Jersey Gov. Chris Christie said. "We may take a setback in the next 24 hours." ..... Drivers were advised to stay off the road after 5 p.m. ..... By early afternoon, the storm was bringing rain and wet snow to New York, New Jersey and the Philadelphia area. A couple of inches of snow were possible in New York City..... "It's like a sequel to a horror movie." .... "Here we are, nine days later — freezing, no electricity, no nothing, waiting for another storm" ...... The storm was a few hundred miles off New Jersey on Wednesday morning and was expected to remain offshore as it traveled to the northeast, passing near Cape Cod. Forecasters said there would be moderate coastal flooding, with storm surges of about 3 feet possible Wednesday into Thursday — far less than the 8 to 14 feet Sandy hurled at the region. ..... Ahead of the nor'easter, an estimated 270,000 homes and businesses in New York state and around 370,000 in New Jersey were still without electricity.
Athens ablaze as protesters try to storm parliament
Imran Khan favours resolving Kashmir row through dialogue
building more trust and strengthening cricketing and trade ties to repair relations between the two nuclear-armed neighbours. There was also praise for Jawaharlal Nehru and Bihar chief minister Nitish Kumar. ..... "We had nothing to do with 9/11, there was no Al-Qaida and Taliban in Pakistan," he said while blaming the Pervez Musharraf regime for turning Pakistan into the epicenter of the "war against terror" and promised a new approach that will seek to get the tribal population on board. "The key to winning the war... is winning the people in the tribal areas," he said. ...... he said it would depend on China, "Pakistan's all-weather friend", to build infrastructure, a statement that will raise fresh concerns in India over its northern and western neighbours joining hands.
Imran Khan-led party goes down in popularity: Survey
The survey shows that the PML-N is currently the single most popular party in the country. ..... 28 per cent of the respondents agreed to vote for PML-N, closely followed by the Pakistan Tehreek-e-Insaaf at 24 per cent. ..... The Pakistan Peoples Party (PPP) took the third spot with 14 per cent votes whereas Muttahida Quami Movement (MQM) polled 3 per cent. .... 91 per cent of the people believed that Pakistan was heading in the wrong direction. .... Respondents termed electricity and inflation to be the two most important issues being faced by Pakistan.
Boehner opens door to ‘new revenue,’ to curb debt
Republicans are “willing to accept new revenue” to tame the soaring national debt and avert an ugly battle over the approaching “fiscal cliff.” ...... Boehner (R-Ohio) said Tuesday’s election amounted to a plea from voters for the parties to lay down their weapons of the past two years and “do what’s best for our country.” ..... In phone calls made overnight and this morning from Chicago, Obama said much the same thing to Boehner, Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Nancy Pelosi (D-Calif.). ...... the party is open to “increased revenue . . . as the byproduct of a growing economy, energized by a simpler, cleaner, fairer tax code, with fewer loopholes, and lower rates for all.” ..... Obama and other Democrats have long insisted that the George W. Bush-era tax cuts should be permitted to expire for the nation’s top earners, raising the top rate to 39.6 percent. ..... Boehner said Democrats must not “continue to duck the matter of entitlements,” referring to the rising cost of Social Security and federal health programs, which he called “the root of the problem.” ..... “What we can do is avert the cliff in a manner that serves as a downpayment on — and a catalyst for — major solutions, enacted in 2013, that begin to solve the problem.” ....... Obama is proposing about $1.5 trillion in new tax revenue over a decade, largely by raising rates to 39.6 percent for wealthy Americans and eliminating tax deductions and loopholes. ...... Obama won large majorities among black, Hispanic, Asian and multiracial voters; Romney easily carried the white vote. Obama’s haul among Hispanics — a key and expanding demographic -- was overwhelming ..... Romney won among Protestants; the president found majorities among Catholics, Jews and members of other faiths. Men sided more with Romney; women solidly favored Obama.
Gridlock as usual or new era of compromise? Washington stares down 'fiscal cliff' crisis after election
a policy threat that some economists say could trigger another recession if left un-addressed...... House Speaker John Boehner said Tuesday night there is "no mandate for raising taxes." He told Fox News earlier that Obama "knows we're not going to raise taxes on American small businesses. He knows it." Boehner predicted a "real brawl" if the president doubles down on that..... 60 percent of voters said they thought taxes should increase for everyone or for just top earners...... “By itself, the recognition that we have common hopes and dreams won’t end all the gridlock or solve all our problems or substitute for the painstaking work of building consensus and making the difficult compromises needed to move this country forward. But that common bond is where we must begin” ...... Obama also could be setting himself up for tough battles with a divided Congress on some issues, including immigration reform and climate change ...... Some have suggested that the Democrats may just let the current tax rates expire in order to be in a better bargaining position come January

Dick Morris explains -- why I was wrong about the 2012 election
The key reason for my bum prediction is that I mistakenly believed that the 2008 surge in black, Latino, and young voter turnout would recede in 2012 to “normal” levels. Didn’t happen. These high levels of minority and young voter participation are here to stay. And, with them, a permanent reshaping of our nation’s politics........ In 2012, 13% of the vote was cast by blacks. In 04, it was 11%. This year, 10% was Latino. In ’04 it was 8%. This time, 19% was cast by voters under 30 years of age. In ’04 it was 17%. Taken together, these results swelled the ranks of Obama’s three-tiered base by five to six points, accounting fully for his victory........ Sandy, in retrospect, stopped Romney’s post-debate momentum. She was, indeed, the October Surprise. ..... the Republican tilt toward white middle aged and older voters is ghettoizing the party so that even bad economic times are not enough to sway the election..... Blacks cast 13% of the vote and Obama won them 12-1. Latinos cast 10% and Obama carried them by 7-3. Under 30 voters cast 19% of the vote and Obama swept them by 12-7. Single white women cast 18% of the total vote and Obama won them by 12-6. There is some overlap among these groups, of course, but without allowing for any, Obama won 43-17 before the first married white woman or man over 30 cast their vote

After Romney loss, GOP soul searching begins
Mitt Romney's loss on Tuesday laid bare a Republican demographic problem that, if not addressed, could transform the GOP into a permanent minority party. .... white voters, who made up 72 percent of the electorate ... In 1988, they were 85 percent of all voters. By the year 2000, that was down to 81 percent. It's fallen nine more points since them. .... Latinos accounted for more than half of the U.S. population increase between 2000 and 2010 .... The black and Asian vote, which also broke overwhelmingly for the president, is also growing. Blacks were 13 percent of the electorate this year, up from 10 percent in 1988; Asians have risen from one percent of the electorate to three percent over the past two decades. ..... red states like Arizona and even Texas are on a path to become battlegrounds themselves. ..... "For the first time in American history, the Latino vote can plausibly claim to be nationally decisive." ...... Voters under 30 supported the president 60 percent to 37 percent, and voters between 30 and 44 years old backed Mr. Obama by seven percentage points. ..... young women, who overwhelmingly backed the president .... Fifty-nine percent of voters in the exit poll said abortion should be legal
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