Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.4 percent increase. Household purchases, which account for about 70 percent of the world’s largest economy, grew at the slowest pace in a year.
Consumers are cutting back just as Europe’s debt crisis and looming U.S. tax-policy changes dent confidence, hurting sales at companies from United Parcel Service Inc. (UPS) to Procter & Gamble Co. (PG) Cooling growth makes it harder to reduce unemployment, helping explain why Federal Reserve ChairmanBen S. Bernanke has said policy makers stand ready with more stimulus if needed.
“We have an anemic recovery with really no momentum,”
Fri Jul 27, 2012 at 08:00:00 AM EDT
Attack Ads: Despite spending $100 million on attack ads, the presidential campaigns and allies have little to show for their spending spree. Public opinion polls have shown little to no movement over the last few months despite the ad onslaught.
Electoral College Tie: CNN has two good articles on the possibility of a tied Electoral College and how it is quite possible. CNN also provides 8 possible ways for the Electoral College involving some very plausible combinations of states. Click here to view the maps.
You Didn’t Build That: Four words (well technically five depending how you count) are hurting President Obama’s campaign as they have become a favorite attack of Republicans and the Romney campaign. Here is a breakdown of how it is hurting Obama.
Rubio-Giuliani: Former NYC Mayor Rudy Giuliani has came out in favor of nominating Senator Marco Rubio for Vice-President. Giuliani believes Rubio would be the strongest fit for Romney and for the GOP’s future.
Gun Control: President Obama has opened up on the gun control issue and Democrats are taking cover. Senate Majority Leader Harry Reid refused to enter the political minefield brought up by the President as he refused to discuss any attempts to bring forward gun control legislation next year and said the Senate already has a full schedule this year.
African-American Turnout: Democrats are worried about African-American turnout in Pennsylvania. Specifically they fear high unemployment and the new voter ID law will cause African-American turnout to be lower than in 2008. I tend to disagree with this analysis. African-Americans turned out in 2010 in Pennsylvania at near 2008 numbers.
Pentagon Cuts: Four days before the presidental election, tens of thousands of Defense Department civilian employees will receive layoff notices if the fiscal cliff is not addressed. This is electorally significant as a disproportionate number of the notices will be sent to Florida and Virginia residents.
My friend Daniel here is high on Wisconsin Republican (former Governor and HHS Secrtary), Tommy Thompson …
Thompson has a GOP Primary contest coming up on August 14…
And Tea Party people are after him for being a bit ‘moderate on Healthcare in the past’….
“While Tommy Thompson has always been at the forefront of health care reform, he has been an aggressive, consistent and outspoken opponent of Obamacare as it harms both the quality of care while introducing 21 new taxes further burdening businesses struggling to make ends meet in an economy driven to a low point by President Obama,” Nemoir said in a statement. “Any effort to say otherwise would be a gross misrepresentation of his position.”
A Marquette Law School poll earlier this month showed the race was tightening ahead of the Aug. 14 primary, with wealthy businessman Eric Hovde closing in on Thompson, and Neumann and state Assembly Speaker Jeff Fitzgerald well behind. Thompson still had a double-digit lead over his opponents and was the only Republican candidate ahead of Rep. Tammy Baldwin, the Democrat running for the seat being vacated by retiring Democratic Sen. Herb Kohl.
The race has enormous implications nationally. A GOP victory in the state would give Republicans a major shot at regaining control of the Senate, which currently stands at 53-47 in favor of the Democrats.
Thompson’s tea party opponents believe that his health care stances give them an opening with GOP primary voters who detest the law. While Thompson has laid out an ambitious plan to replace the health care law, some comments he made before he became a Senate candidate are coming back to haunt him.
In 2006, he hailed the individual mandate included in the Massachusetts health care law. In 2009, he called a Democratic bill approved by the Senate Finance Committee an “important” step to expand coverage and provide “affordable, high-quality health care for all.” Eager to hear praise from a prominent Republican, Obama touted Thompson’s remarks.
His poll ratings are in stratosphere *…..
He has more money in the political bank than the majority of the countries Governor’s combined….
And just before the Democratic Convention he’s holding a get together for policy Democrats…..
Anderew Cuomo IS running for President in 2016 folks….
That is if Hillary Clinton DOES NOT run…..
New York Gov. Andrew Cuomo (D) “has studiously avoided talk of a 2016 White House run, but he has positioned himself on two fronts, amassing the nation’s largest gubernatorial war chest and organizing a series of August policy summits with Democratic leaders and academics,” the Wall Street Journal reports.
“Mr. Cuomo has raised nearly $1 million a month since he took office in January 2011 and has about $19.3 million to spend –more than 40 other governors combined… Meanwhile, just two weeks before his party gathers on Sept. 3 for the Democratic National Convention in Charlotte, N.C., Mr. Cuomo is hosting a summit of his own, inviting Clinton administration veterans and others to Manhattan for a policy forum.”
*A new Quinnipiac poll finds New York Gov. Andrew Cuomo (D) with a staggering 73% to 16% approval rating, an all-time high.
Perhaps even more striking, Cuomo holds a 69% to 19% approval rate among Republicans.
|Thursday, July 26|
The big pressing issue that is on everyone’s mind today is Chick Fil A. That is basically all that is being discussed.
Do government entities, such as politicians in Boston and Chicago have been suggesting this week, have the right to stop a business from operating, simply because they do not like a personal opinion held by the business owner? In this case, it is regarding the owner of Chick Fil A’s religious views opposing same sex marriage.
This is not at all a discrimination issue involving who the restaurant serves or hires but simply because the guy who founded the chain opposes gay marriage?
Whatever your view on the marriage issue, what these groups, and liberal politicians in Boston and Chicago have been saying this week should be quite abhorrent to anyone who claims to believe in tolerance and civil liberties.
Chick-fil-A, the fast-food chain known for putting faith ahead of profits by closing on Sundays, is standing firm in its opposition to gay marriage after touching off a furor earlier this month.
Gay rights groups have called for a boycott, the Jim Henson Co. pulled its Muppet toys from kids’ meals, and politicians in Boston and Chicago told the chain it is not welcome there.
Across the Bible Belt, where most of the 1,600 restaurants are situated, Christian conservatives have thrown their support behind the Atlanta-based company, promising to buy chicken sandwiches and waffle fries next week on “Chick-fil-A Appreciation Day.”
The latest skirmish in the nation’s culture wars began when Chick-fil-A president Dan Cathy told the Baptist Press that the company was “guilty as charged” for backing “the biblical definition of a family.” In a later radio interview, he ratcheted up the rhetoric: “I think we are inviting God’s judgment on our nation when we shake our fist at him and say, ‘We know better than you as to what constitutes a marriage.'”
That fired up gay rights advocates, including a group that waged a campaign against the company in recent years by publicizing $3 million in contributions that the Cathy family foundation has made to conservative organizations such as the Family Research Council….
They’re gonna punt…..
Lets see if the can extract a little MORE drama out of this from the Conservatives in the House?
Senior House and Senate leaders voiced optimism that they could reach agreement on a stopgap spending measure that would prevent a government shutdown shortly before the November election.
Congress has more than two months to figure out how to fund the government this fall, but because lawmakers are only in session for less than three weeks during that time, discussions about a continuing resolution have heated up in recent days. The Senate has made little progress passing annual appropriations bills, necessitating a stopgap measure to keep the government’s lights on through the November election.
It could be political suicide to have a government shutdown before voters go to the polls — for both sides of the aisle. Congress’s approval rating is a scant 16 percent, according to a July Gallup poll.
The central issue has been the length of a stopgap, and both sides appeared to be moving toward a six-month bill, which would keep the government running into 2013.
Senate Majority Leader Harry Reid (D-Nev.) said Thursday talks were occurring “at a high level” and had been “very productive.” Reid also suggested that he would support a continuing resolution that would extend into 2013, aligning him with House conservatives who have pushed their leadership for a six-month bill. “It would be to my preference that we do something that would alleviate this being an issue that we have during the lame duck,” Reid said….
Good ole Mitt Romney….
Get’s off the plane and promptly inserts foot in mouth!
‘Only he can run an Olympics?”
He’s a great prospect for the President of the USA!
hosted2.ap.org….Romney stepping out of 10 Downing Street…The PM’s house
Mitt Romney jetted across the Atlantic this week, partly to escape the stature-diminishing grind of the daily campaign — but he arrived to find an adversary every bit as ferocious as President Barack Obama’s Chicago crew: the British press.
Romney’s critique of this country’s preparations for the Olympic Games caused a firestorm in the London-based media Thursday, putting the Republican presidential hopeful on damage-control duty and ensuring that a trip meant to remind American voters about his leadership of the 2002 Winter Olympics and his diplomatic bona fides began on a sour note.
By the evening here, Romney had become part of a rallying cry, meant to fire up proud Britons.
“There’s a guy called Mitt Romney who wants to know whether we are ready!” London Mayor Boris Johnson bellowed to a crowd in Hyde Park. “Are we ready? Yes we are!”
It wasn’t supposed to go like this.
After a day spent gripping and grinning with Great Britain’s past and present political elite, Romney was to have emerged from 10 Downing Street looking every bit the president-in-waiting.
But even before he began taking questions from reporters, the candidate knew he had to douse water on Fleet Street’s flames.
“I applaud the work the organizers did in bringing the Olympic experience right into the heart of London,” Romney said in his prepared remarks.
That was a touch more soothing to the Great British ego than what led to the trans-Atlantic flap.
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