July 12, 2010: Financial Regulation Overhaul Set to Pass & Obama meets with Benjamin Netanyahu

By Bonnie K. Goodman

Ms. Goodman is the Editor / Features Editor at HNN. She has a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University.

OBAMA PRESIDENCY & 111TH CONGRESS:

The President & Senate Democratic Leaders before final votes on Wall Street Reform, White House Photo, Pete Souza, 7/13/10

IN FOCUS: STATS

  • Obama White House tries to turn around bad poll numbers: The polls aren’t looking good for President Obama. ABC News says 51% would prefer to see a Republican Congress elected in November, as a check on Obama. A CBS News poll says only 13% of Americans say Obama’s economic plan has helped them personally…. – USA Today, 7-14-10
  • After 18 months of Obama, Americans already feeling fonder of Dick Cheney, less so of Al Gore: The new Gallup Poll, released overnight, shows that a near-majority of Americans now views almost-president Gore unfavorably (49%), while 44% are favorable, down 14 points since his Nobel Prize glory days of 2007. As the most recent former White House No. 2, Cheney had the most to improve in favorable ratings. And, actually, he did improve the most in the opinion of surveyed Americans.
    Cheney’s robust unfavorable rating melted 11 points during the past 18 months of the Democrat duo of Obama-Biden to 52% now. While the Republican’s favorables surged from their low point of 30% all the way up to an impressive 36% now. That’s a stunning 20% improvement. LAT, 7-14-10
  • VP Favorable Ratings: Gore Down; Cheney, Biden Flat Americans more negative than positive toward Gore, Cheney: Americans’ current views of former Vice President Al Gore have become significantly more negative compared with three years ago, and are among the worst for him in more than a decade. The July 8-11 Gallup poll, finding 44% of Americans viewing Gore favorably and 49% unfavorably, was conducted after the announcement that he and his wife were separating, and amid a police investigation into allegations that he committed sexual assault in 2006. Gallup last measured Gore’s image in October 2007, after he was named winner of the Nobel Peace Prize, when 58% of Americans had a favorable view of him. All three party groups are less favorable toward Gore now compared with 2007, though his rating has declined more among Republicans (from 32% to 16%) and independents (from 57% to 43%) than among Democrats (from 79% to 72%)… – Gallop.com, 7-14-10
  • Poll finds Pennsylvania Senate race in dead heat: Pennsylvania’s Senate race is dead even, with Democratic Rep. Joe Sestak and Republican Pat Toomey both drawing 43% of support in a Quinnipiac University poll released today.
    At this point in the race, momentum appears to be on Sestak’s side. He was down 2 percentage points in May and 8 percentage points in an April survey by Quinnipiac.
    “Congressman Joe Sestak, a decided underdog who knocked off U.S. Arlen Specter in the Democratic primary, has now closed an 8-point gap in the last three months to tie Pat Toomey,” Peter Brown, assistant director of the Quinnipiac University Polling Institute, said in a statement…. – USA Today, 7-14-10
  • Crist leads 3-way Senate race in Florida: Florida Governor Charlie Crist holds a narrow edge over Republican Marco Rubio in a three-way Senate race dominated by economic worries, according to a Reuters/Ipsos poll released on Tuesday.
    Crist, who left the Republican Party to run as an independent after Rubio mounted a primary challenge against him, leads Rubio 35 percent to 28 percent. Democrat Kendrick Meek trails with 17 percent less than four months before the November election for the open Senate seat.
    Crist holds a similar 34 to 29 percent edge over Rubio in a three-way race against Democrat Jeff Greene, who is locked in a tough party primary fight with Meek. The Florida primary will be held August 24.
    In the race to succeed Crist as governor, Republican Rick Scott leads Democrat Alex Sink by 34 percent to 31 percent. But Sink leads slightly, 31 percent to 30 percent, when matched against Republican Bill McCollum. McCollum and Scott are waging a bitter Republican primary race…. – Reuters, 7-13-10

THE HEADLINES….

President Obama Shakes Hand with Jacob Lew, His Nominee for OMB   Director

President Barack Obama announces the nomination of Jack Lew to replace Office of Management and Budget (OMB) Director Peter Orszag during a statement to the press in the Diplomatic Reception Room of the White House July 13, 2010. (Official White House Photo by Chuck Kennedy)

  • Obama enlists Bill Clinton’s aid on economy: U.S. President Barack Obama sought on Wednesday to lift sagging confidence in his economic stewardship by enlisting the help of predecessor Bill Clinton, as a leading business group issued a scathing critique of the administration’s policies… – Reuters, 7-14-10
  • Major banking bill faces final vote this week: President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency. With the votes in hand to overcome Republican delaying tactics, Senate Majority Leader Harry Reid on Tuesday took steps to end debate on the bill Thursday, setting the stage for final passage perhaps later in the day. The House already has passed the bill.
    “This reform is good for families, it is good for businesses, it’s good for the entire economy,” Obama said as he prodded the Senate to act quickly…. – AP, 7-14-10
  • White House Official: Recovery Act Has Created 3 Mln Jobs: The Obama administration’s stimulus push has saved or created about 3 million jobs and is on track to save an additional 500,000 by the end of the year, according to a new report by President Barack Obama’s Council of Economic Advisers…. – WSJ, 7-14-10
  • For Obama, more on legislative priorities: President Barack Obama is discussing legislative priorities with Democratic congressional leaders for a second day Wednesday. The president met with the Senate Democratic leadership on Tuesday. On Wednesday it’s the House Democrats’ turn. Obama is getting the meetings in before Congress takes its August break…. – AP, 7-14-10
  • Sarah Palin rebuts NAACP charge of Tea Party racism: Using her favored and unorthodox means of communicating with nearly 2 million followers via her Facebook page, Sarah Palin Tuesday night expressed sadness over an as yet unpublished NAACP convention resolution accusing Tea Party activists of tolerating racist elements in their midst. The former Republican governor of Alaska, who appears to be positioning herself for a possible run at the 2012 GOP presidential nomination using the disgruntled Tea Party’s concerns over expanding and fiscally irresponsible government as a major portion of her base, said:
    I am saddened by the NAACP’s claim that patriotic Americans who stand up for the United States of America’s Constitutional rights are somehow “racists.” The charge that Tea Party Americans judge people by the color of their skin is false, appalling and is a regressive and diversionary tactic to change the subject at hand. – 7-14-10
  • As NAACP aims to stay in national debate, charge of tea party racism draws fire: One thing is clear as the NAACP gathers this week for its 101st annual meeting: The civil rights organization is intent on being seen as still relevant. Even former Alaska governor Sarah Palin sent out a Twitter message and posted a statement on her Facebook page, helping to make the NAACP convention a hot topic on conservative Web sites. She condemned the organization’s passage of a resolution denouncing what it called “racist elements” within the “tea party” movement…. – WaPo, 7-14-10
  • Pelosi, White House Feud Over Gibbs’ House Prediction: House Speaker Nancy Pelosi, the driving force behind the Obama agenda in Congress, sharply criticized White House Press Secretary Robert Gibbs during a closed-door House Democratic caucus meeting late Tuesday, according to Democratic sources.
    Pelosi, irked since Sunday by what she and other top Democrats considered Gibbs’ careless and dismissive comments that Democrats could lose their House majority this November, upbraided a top White House aide as she knocked Gibbs’ unwelcome handicapping of House races.
    “How could he [Gibbs] know what’s going on in our districts?” Pelosi said, according to Democrats who attended the meeting. “Some may weigh his words more closely than others. We have made our disagreements known to the White House.”… – Fox News, 7-14-10
  • Obama To Nominate Former Clinton Official To Head OMB: President Barack Obama plans to nominate a former Clinton administration official to head the Office of Management and Budget, which is grappling with how to best reduce a $1.4 trillion deficit while the economy is on shaky ground. Obama will nominate Jacob Lew, who ran OMB from 1998 to 2001 under former President Bill Clinton… WSJ, 7-13-10
  • Nelson ensures 60 votes for bank regulation bill: All but clearing the way for passage of financial regulations, conservative Democratic Sen. Ben Nelson of Nebraska said Tuesday he will vote for the sweeping overhaul of banking. His support ensures the legislation now has 60 votes to clear the Senate and land on President Barack Obama’s desk for his signature. The House passed the bill last month.
    “This reform is good for families, it is good for businesses , it’s good for the entire economy,” Obama said as he announced his nomination of Jacob Lew to be the new director of the White House budget office…. – AP, 7-13-10
  • Senior Republican wins weeklong delay on Kagan: The Senate Judiciary Committee postponed scheduled action Tuesday to send Elena Kagan’s Supreme Court nomination to the full Senate for confirmation, setting a panel vote for next week.
    Republicans insisted on the delay, saying they needed more time to review Kagan’s written answers to questions they posed to her after her confirmation hearings, and to inquire still further into how she would behave as a justice…. – AP, 7-13-10
  • NAACP to vote on controversial resolution condemning ‘tea party’ supporters: Members of the NAACP will vote Tuesday on a resolution that condemns what the group calls “explicitly racist behavior” by supporters of the “tea party.” The resolution, which is expected to pass, pits the civil rights group against the conservative grass-roots movement, which has repeatedly denied allegations of racism…. – WaPo, 7-13-10
  • Obama looks to Bush’s worldwide strategy on AIDS: President Barack Obama is trying to bring home some of the much-lauded strategies his predecessor used to fight AIDS around the world. The national strategy for combatting HIV and AIDS the Obama administration released Tuesday credits the Bush-era international campaign against AIDS for setting clear targets and ensuring a variety of agencies and groups worked together smoothly to achieve them…. – AP, 7-13-10
  • US should better define, counter Islamic extremism: The Obama administration’s recent move to drop rhetorical references to Islamic radicalism is drawing fire in a new report warning the decision ignores the role religion can play in motivating terrorists. Several prominent counterterror experts are challenging the administration’s shift in its recently unveiled National Security Strategy, saying the terror threat should be defined in order to fight it. The question of how to frame the conflict against al-Qaida and other terrorists poses a knotty problem. The U.S. is trying to mend fences with Muslim communities while toughening its strikes against militant groups. In the report, scheduled to be released this week, counterterrorism experts from the Washington Institute for Near East Policy argue that the U.S. could clearly articulate the threat from radical Islamic extremists “without denigrating the Islamic religion in any way.” President Barack Obama has argued that words matter, and administration officials have said that the use of inflammatory descriptions linking Islam to the terror threat feed the enemy’s propaganda and may alienate moderate Muslims in the U.S…. – AP, 7-12-10
  • Congress returns from recess to even more of the same: Congress will return this week from the July 4th recess to a pile of unfinished business. Yes, the same might be said of every Congress returning from every recess since lawmakers wore wigs and tights. But this time it could be a big problem, especially for the party in power. When Barack Obama took office and the Democrats took control of Washington, they made ambitious promises about how much they’d get done, with or without Republican help. Now, with relatively few working days left before the November midterm elections (in part because lawmakers granted themselves another long break beginning at the end of July), they might not be able to convince skeptical, frustrated voters that they delivered — and that they deserve to stay in charge…. – WaPo, 7-11-10
  • U.S. might launch 2nd suit against Arizona immigration law, Holder says: 2nd lawsuit weighed on immigration law. Attorney General Eric H. Holder Jr. said Sunday that if the federal government does not stop Arizona’s immigration law from taking effect, it might launch a second legal challenge to combat any racial profiling that occurs. The Obama administration is suing Arizona over the law, set to take effect July 29, which would make it a state crime for someone to be in the country illegally. During “lawful stops,” local law enforcement officers will be required to question people about their immigration status if there is “reasonable suspicion” that they might be illegal immigrants. WaPo, 7-11-10
  • Governors: Obama’s Immigration Suit Is ‘Toxic’: Democratic governors expressed “grave” concerns to White House officials this weekend about the Obama administration’s suit against Arizona’s new immigration law, warning it could cost the party in crucial elections this fall, The New York Times reported late Sunday. The closed-door meeting took place at the National Governors Association in Boston on Saturday, according to two unnamed governors who spoke to the Times. “Universally the governors are saying, ‘We’ve got to talk about jobs, and all of a sudden we have immigration going on,’” Gov. Phil Bredesen of Tennessee, a Democrat, was quoted as saying. “It is such a toxic subject, such an important time for Democrats.” The Arizona law, which is facing a U.S. Justice Department challenge, requires police to question people about their immigration status while enforcing other laws if there’s reason to suspect someone is in the country illegally….. – Fox News, 7-12-10
  • With votes looming, Supreme Court nominee Elena Kagan plays it cool: With committee and floor votes beginning this week on the Supreme Court nomination of Elena Kagan, skeptical lawmakers could not resist the opportunity to search for a weak point that might provoke last-minute controversy. Six Republican senators submitted questions that produced 74 pages of written responses from Kagan. In ritual form, her answers — released Friday — were finely sanded to avoid any clamor. Kagan carefully hewed to the themes she struck at last month’s hearings: In cases in which she voiced opinion, she said, it was that of Supreme Court Justice Thurgood Marshall, for whom she once worked…. – WaPo, 7-10-10
  • Obama changes VA rule to help vets get stress disorder aid: War-zone veterans will no longer have to submit specific evidence to get benefits and treatment for post-traumatic stress….- LAT, 7-11-10
  • PM: Israel-US alliance strong: “The alliance between Israel and the US is stable and strong. It has the support of the American administration and people,” Prime Minister Binyamin Netanyahu said at a cabinet meeting Sunday. Netanyahu said that he reiterated to Obama “Israel’s desire to proceed immediately to direct negotiations with the PA, with the goal being to advance the diplomatic process and try to reach a peace agreement.”… – JPost, 7-11-10
  • Governors avoid debate on Arizona’s immigration law: The topic’s not on their convention agenda, but it’s on everyone’s mind as demonstrators rally nearby…. – LAT, 7-11-10
  • No full Social Security benefits until age 70?: Young Americans might not get full Social Security retirement benefits until they reach age 70 if some trial balloons that prominent lawmakers of both parties are floating become law. No one who’s slated to receive benefits in the next decade or two is likely to be affected, but there’s a gentle, growing and unusually bipartisan push to raise the retirement age for full Social Security benefits for people born in the 1960s and after. The suggestions are being taken seriously after decades when they were politically impossible because officials – and, increasingly, their constituents – are confronting the inescapable challenge of the nation’s enormous debt…. – McClatchy Newspapers, 7-11-10
  • Obama turns a corner on Middle East peace: Two bits of good news emerged during Israeli Prime Minister Benjamin Netanyahu’s brief visit to Washington this week: First, that Netanyahu and President Barack Obama publicly reaffirmed the strength of U.S.-Israeli relations, and, second, that Netanyahu said he expects direct talks with the Palestinians to begin soon. Both items suggest a maturing of the Obama administration’s foreign policy as it relates to the Middle East, and may even portend real results soon. Israel has been participating in indirect negotiations with the Palestinians through former Sen. George Mitchell since Obama named him a special envoy last year…. – Detroit Free Press, 7-10-10
  • In spy swap, agents were pawns in a practiced game: In the rapid-fire spy swap, the United States and Russia worked together as only old enemies could. Less than two weeks after the FBI broke the spy ring in a counterintelligence operation cultivated for a decade, 10 Russian secret agents caught in the U.S. are back in Russia, four convicted of spying for the West have been pardoned and released by Moscow, and bilateral relations appear on track again. In describing how the swap unfolded, U.S. officials made clear that even before the arrests, Washington wanted not only to take down a spy network but to move beyond the provocative moment…. – AP, 7-10-10
  • U.S.-Russia spy swap is complete: The speed of the exchange has some wondering what was behind the deal…. – LAT, 7-9-10
  • Going Nuclear: Romney vs. Obama (and Kerry): Yesterday Mitt Romney blasted Barack Obama via a Washington Post op-ed denouncing Obama’s nuclear Strategic Arms Reduction Treaty (START) with Russia as the president’s “worst foreign policy mistake yet.” Romney complains that the Russians “badly out-negotiated” Obama and came out with a decided strategic advantage in the treaty, including the power to walk away from the treaty if the U.S. presses too far ahead with missile defense systems. Today, John Kerry, the Senate Foreign Relations Committee chairman, hit back at Romney (also in the Post), calling his argument “baloney,” and tossing in some tart insults:
    I have nothing against Massachusetts politicians running for president. But the world’s most important elected office carries responsibilities, including the duty to check your facts even if you’re in a footrace to the right against Sarah Palin. More than that, you need to understand that when it comes to nuclear danger, the nation’s security is more important than scoring cheap political points…. – Time, 7-7-10
  • Relief well drilling ahead of schedule: While workers keep drilling the wells, the battle over President Barack Obama’s effort to suspend deepwater drilling moves Thursday to a federal appeals court in Louisiana. Oral arguments in a case that challenged the Obama administration’s six-month ban on deepwater drilling start in the afternoon in New Orleans. An advocacy group called Alliance for Justice made a pre-emptive strike against the court on Wednesday. It released a scathing report alleging that many appeals court judges have extensive ties to the oil industry, including the three-judge panel that will preside over the drilling ban hearing. As the case proceeds, others hope the seas will be calm enough for vessels to return to cleaning up the massive oil spill in the Gulf of Mexico. CNN, 7-8-10
  • Department of Justice seeks injunction against Arizona immigration law: In a lawsuit filed July 6 in federal court in Arizona, the U.S. Department of Justice made good on its promise to challenge Arizona’s immigration law. Arizona law S.B. 1070, due to take effect July 29, was challenged on the basis that it unconstitutionally interferes with the federal government’s authority to set and enforce immigration policy, accoridng to a July 6 news release from the Department of Justice.
    In the brief, the administration said that “the Constitution and federal law do not permit the development of a patchwork of state and local immigration policies throughout the country,” the release said.
    The Department of Justice has requested a preliminary injunction to enjoin enforcement of the law, the news release said. The department believes law’s operation will cause irreparable harm, the release said.
    “Arizonans are understandably frustrated with illegal immigration, and the federal government has a responsibility to comprehensively address those concerns,” Attorney General Eric Holder said in the news release. “But diverting federal resources away from dangerous aliens such as terrorism suspects and aliens with criminal records will impact the entire country’s safety.” The Packer, 7-6-10
  • President Obama wants injunction to stall Arizona’s controversial new immigration law: The Obama administration sued Arizona on Tuesday to kill, or at least stall, the state’s hotly disputed new law allowing local cops to target suspected illegal immigrants. In seeking an injunction to block the law from going into effect July 29, Attorney General Eric Holder said he sympathized with Arizonans and others who are “frustrated with illegal immigration.”
    But “setting immigration policy and enforcing immigration laws is a national responsibility,” Holder declared, and “seeking to address the issue through a patchwork of state laws will only create more problems than it solves.” His lawsuit said it’s also flat-out unconstitutional, usurping federal power to control the borders…. – NY Daily News, 7-7-10
  • Obama trying carrot, not stick, on Netanyahu: Netanyahu got off easy in Washington: He left strengthened by Obama and without having to make any real concessions. Haaretz, 7-7-10
  • Obama Bypassing Senate for New Medicare Chief: Obama to use a recess appointment to put a new director in place for Medicare and Medicaid… – ABC News, 7-7-10
  • Obama Returns to Missouri, Site of Slim 2008 Loss: For some in President Obama’s White House, Missouri remains the state that got away, nearly two years after his election. Mr. Obama was the first Democrat since 1964 to win Indiana and the first since 1976 to win North Carolina. But his loss in Missouri by the narrowest of slivers (fewer than 4,000 votes) was of special disappointment. After all, the state has sided with the winner of the presidential race in nearly every election in the past century. Who would wish to be remembered for breaking that sort of trend? Now, even as President Obama juggles a barrage of dire matters, relatively calm Missouri seems to continue to carry some particular attention for the White House. This week, Mr. Obama will be in the state again, raising money in a competitive Senate campaign in a challenging political season for Democrats…. – NYT, 7-6-10

ELECTIONS 2010, 2012….

  • Outsider Wins Alabama GOP Gov Nomination: Self-described outsider Robert Bentley won Alabama’s Republican nomination for governor Tuesday night over establishment candidate Bradley Byrne with a strong showing in rural areas.
    In the unofficial count, Bentley had 56 percent of the vote to Byrne’s 44 percent with 83 percent of the precincts reporting. Bryne ran strong in the state’s four big counties, but Bentley outperformed Byrne in small counties, including areas where Tim James and Roy Moore did well when they ran third and fourth in the June 1 Republican primary…. – AP, 7-14-10
  • GOP candidate Angle rallies GOP against Reid: U.S. Senate candidate Sharron Angle on Friday denounced Majority Leader Harry Reid as a “desperate man” who was distorting her conservative record while ignoring a state that leads the nation in joblessness, foreclosures and bankruptcies. A day after President Barack Obama delivered a mocking indictment of her candidacy at a rally in Las Vegas, Angle accused the president and Reid of pushing billions of dollars in stimulus spending while Nevada struggles with “an economy that is a disaster.”… – AP, 7-10-10
  • Democrats digging harder than ever for dirt on Republicans: The Democratic Party is moving faster and more aggressively than in previous election years to dig up unflattering details about Republican challengers. In House races from New Jersey to Ohio to California, Democratic operatives are seizing on evidence of GOP candidates’ unpaid income taxes, property tax breaks and ties to financial firms that received taxpayer bailout money…. – WaPo, 7-6-10
  • Once a withdrawn teen, SC man now takes on senator: Alvin Greene earned the nickname “turtle” in high school — a quiet, withdrawn boy who was smart when he applied himself but rarely took a chance and tried to put himself in comfortable situations. Nearly four weeks ago, the 32-year-old unemployed military veteran turned South Carolina’s political scene upside down when he won the Democratic nomination for a U.S. Senate seat. And unlike that high school student, he’s taking a big chance: running against powerhouse Republican Sen. Jim DeMint…. – AP, 7-6-10
  • Poll: Meg Whitman, Jerry Brown in virtual tie: California’s race for governor is a dead heat, as Republican Meg Whitman’s massive advertising blitz coupled with Democrat Jerry Brown’s lo-fi campaign have raised doubts about Brown and cut his lead among Latino voters and other key Democratic constituencies, a Field Poll released today shows.
    Brown leads Whitman 44 to 43 percent in the poll, with 13 percent undecided, according to Field’s survey of 1,005 likely voters. The poll, conducted June 22 to July 5, has a margin of error of 3.2 percentage points.
    But billionaire Whitman’s relentless advertising campaign has helped sour voters’ views of Brown, with 40 percent holding an unfavorable opinion of him – up from 25 percent in March 2009. Still, 42 percent view him favorably…. – SF Chronicle, 7-6-10
  • Feingold faces unexpectedly tough race: Add Russ Feingold to the list of Senate Democrats who find themselves in unexpectedly tough races, the latest evidence of the GOP’s success in widening the playing field that President Barack Obama’s party has to defend.
    The Wisconsin Democrat faces a wealthy political newcomer with early backing from tea party activists in a state that has many independent voters and is known for doing its own thing. Likely GOP nominee Ron Johnson is running an outsider’s campaign in a year that seems to favor outsiders…. – AP, 7-6-10
  • McCain’s Immigration Shift: ‘Many’ Should Be Sent Back: A lot has changed since 2007, when John McCain was the #1 immigration compromiser in the U.S. Senate, leading the way with a large, bipartisan bill that would have given illegal immigrants an opportunity to become U.S. citizens while beefing up border security….
    Now, McCain finds himself in a different political situation, and so does the immigration issue. McCain lost the 2008 election, during which he was sharply criticized as an immigration liberal by his GOP primary rivals, and he’s facing a primary challenge from Tea-Party-style candidate J.D. Hayworth. As a national issue, immigration has heated up after Arizona passed its new law and as a drug war has raged in Mexico…. – The Atlantic, 7-6-10

POLITICAL QUOTES

The President Records the Weekly Address

White House Photo, Pete Souza, 7/9/10

  • Wall Street Reform: Final Votes Approach: Remarks by the President in Selection of Jack Lew to be Director of OMB: Before I begin, I just want to note a breakthrough that we’ve had on our efforts to pass the most comprehensive reform of Wall Street since the Great Depression. Three Republican senators have put politics and partisanship aside to support this reform, and I’m grateful for their decision, as well as all the Democrats who’ve worked so hard to make this reform a reality, particularly Chairman Dodd and Chairman Barney Frank.
    What members of both parties realize is that we can’t allow a financial crisis like this one that we just went through to happen again. This reform will prevent that from happening. It will prevent a financial crisis like this from happening again, by protecting consumers against the unfair practices of credit card companies and mortgage lenders. It will ensure that taxpayers are never again on the hook for Wall Street’s mistakes. And it will end an era of irresponsibility that led to the loss of 8 million jobs and trillions of dollars of wealth.
    Now, as we finish our work on Wall Street reform, we’re also mindful that we’ve got significant work to do when it comes to reforming our government and reducing our deficit.
    This reform is good for families. It’s good for businesses. It’s good for the entire economy. And I urge the Senate to act quickly so that I can sign it into law next week….. – WH, 7-13-10
  • President Obama & President Fernandez Meet on Trade, Drug-Trafficking, and HaitiWH, 7-12-10
  • Weekly Address: President Obama Announces Changes to Help Veterans with PTSD Receive the Benefits They Need
    Remarks of President Barack Obama As Prepared for Delivery Weekly Address July 10, 2010
    …Today, we’ve made it clear up and down the chain of command that folks should seek help if they need it. In fact, we’ve expanded mental health counseling and services for our vets.
    But for years, many veterans with PTSD who have tried to seek benefits – veterans of today’s wars and earlier wars – have often found themselves stymied. They’ve been required to produce evidence proving that a specific event caused their PTSD. And that practice has kept the vast majority of those with PTSD who served in non-combat roles, but who still waged war, from getting the care they need.
    Well, I don’t think our troops on the battlefield should have to take notes to keep for a claims application. And I’ve met enough veterans to know that you don’t have to engage in a firefight to endure the trauma of war.
    So we’re changing the way things are done.
    On Monday, the Department of Veterans Affairs, led by Secretary Ric Shinseki, will begin making it easier for a veteran with PTSD to get the benefits he or she needs.
    This is a long-overdue step that will help veterans not just of the Afghanistan and Iraq Wars, but generations of their brave predecessors who proudly served and sacrificed in all our wars.
    It’s a step that proves America will always be here for our veterans, just as they’ve been there for us. We won’t let them down. We take care of our own. And as long as I’m Commander-in-Chief, that’s what we’re going to keep doing. WH, 7-10-10
  • Treasury Secretary Geithner on Wall Street Reform: “All Americans Have a Stake in Reforms”: Treasury Secretary Timothy Geithner appeared on PBS NewsHour last night to discuss, among other items, the financial reform bill that is awaiting final passage by the Senate when they return from recess next week. In his conversation with NewsHour host Jim Lehrer, Secretary Geithner expressed confidence that the Congress will soon deliver a strong bill to President Obama’s desk… – WH, 7-7-10
  • Obama thanks Europe for renewing anti-terrorist financing program: The United States welcomes today’s decision by the European Parliament to join the Council and Commission of the European Union in approving a revised agreement between the United States and the European Union on the processing and transfer of financial messaging data for the Terrorist Finance Tracking Program (TFTP). We look forward to the Council’s completion of the process, allowing the agreement to enter into force on August 1, 2010, thus fully restoring this important counterterrorism tool and resuming the sharing of investigative data that has been suspended since January 2010. The threat of terrorism faced by the United States and the European Union continues and, with this agreement, all of our citizens will be safer.
    The TFTP has provided critical investigative leads — more than 1,550 to EU Member States — since its creation after the September 11, 2001 terrorist attacks. These leads have aided countries around the world in preventing or investigating many of the past decade’s most visible and violent terrorist attacks and attempted attacks, including Bali (2002), Madrid (2004), London (2005), the liquids bomb plot against transatlantic aircraft (2006), New York’s John F. Kennedy airport (2007), Germany (2007), Mumbai (2008), and Jakarta (2009).
    This new, legally binding agreement reflects significant additional data privacy safeguards but still retains the effectiveness and integrity of this indispensable counterterrorism program.
    Protecting privacy and civil liberties is a top priority of the Obama Administration. We are determined to protect citizens of all nations while also upholding fundamental rights, using every legitimate tool available to combat terrorism that is consistent with our laws and principles. – USA Today, 7-8-10

HISTORIANS & ANALYSTS’ COMMENTS

  • Allan Lichtman: Scholar’s “13 Keys” Predict Another Obama Win: Although the next presidential election is 28 months away, President Barack Obama’s reelection in 2012 is nearly guaranteed despite former House Speaker Newt Gingrich’s prediction that Obama has only a 20 percent chance, according to American University Professor Allan Lichtman. Lichtman’s “13 Keys” system predicts the outcome of the popular vote based on the performance of the party and not the use of candidate preference polls, campaign tactics, or events…. – American University, 7-14-10
  • Julian E. Zelizer: Sarah Palin likes government too: During a speech at an event called “Freedom Fest,” former Alaska Gov. Sarah Palin warned Tea Party activists that while government spending was a bad thing, conservatives should not go too far and start calling for reductions in the military budget.
    While Palin told the crowd in Norfolk, Virginia, “Something has to be done urgently to stop the out-of-control Obama-Reid-Pelosi spending machine,” she also told them, “We must make sure, however, that we do nothing to undermine the effectiveness of our military.”
    Palin’s speech touched on a historic problem for the conservative movement. Ever since conservatives embraced a hawkish stance toward national security policy in the early Cold War in the late 1940s and started to challenge Democrats for not being tough enough, national security has always been the poison pill for anti-government conservatism.
    Despite all their rhetoric about the dangers of government intervention and the virtues of private markets, conservatives have rather consistently supported an expansion of the government when it comes to national security….
    But when it comes to Republicans, Palin’s recent comments at the conservative rally show why voters should take right-wing arguments about the dangers of government with a grain of salt. While conservative activists like to talk about a choice between big government and small government, the real debate is over what kinds of government we must have, what our priorities should be, and where our federal money should be directed…. – CNN, 7-12-10
  • The Bush Tax Cuts and the Deficit Myth: Runaway government spending, not declining tax revenues, is the reason the U.S. faces dramatic budget shortfalls for years to come…. – WSJ, 7-14-10
  • Julian E. Zelizer Professor of History and Public Affairs, Princeton “Bringing down the House? Why is the White House warning of a Republican takeover of Congress?”: If the White House starts to talk about the other party gaining control of Congress or about how terrible midterms usually are, then they are trying to manage expectations. The White House has depended on the Democratic House to move its legislative agenda. Having votes on Capitol Hill is better than a foil and the perception of weakness…. – Politico, 7-12-10
  • Gil Troy: Obama’s ‘we’ philosophy collides with capitalism’s ‘me’: Business leaders accuse President of using failures of a few to justify expansion of government regulatory authority…
    For McGill University political historian Gil Troy, Mr. Obama’s attacks on business put him well within a presidential tradition that goes back at least as far as Andrew Jackson in the 1830s. But they also betray his particular world view and a career spent entirely outside the private sector.
    “Not only does Barack Obama lack corporate experience, but his defining experiences were as a community organizer, public interest lawyer and law lecturer,” Prof. Troy said in an interview. “That puts him ideologically, structurally and professionally in opposition to business.”
    Mr. Obama, Mr. Troy continued, is “trying to convince Americans of the efficacy of government. He’s enough of a [Ronald] Reagan baby to know that is not necessarily the easiest sell to make. So, if [the economic crisis] is not a God-given opportunity, it’s at least a Goldman Sachs-given opportunity to make that sell.”… – Globe & Mail, 7-9-10
  • Republicans should embrace Paul Ryan’s Road Map: For now, the road map has a relatively small but growing cheering section. A dozen House members have endorsed it. Sen. Jim DeMint praised it in his book “Saving Freedom.” Jeb Bush likes it. On CNN last week, economic historian Niall Ferguson called Ryan “a serious thinker on the Republican right who’s prepared to grapple with these issues of fiscal sustainability and come up with a plan.”… – Washington Examiner, 7-11-10
  • Kennedy’s clout could grow on high court: David Garrow, a Cambridge University historian who has written about the court, said the 74-year-old Kennedy already writes a disproportionate share of the court’s big decisions and will have even more chances to do so now because he can assign opinions to himself…. – AP, 7-11-10
  • Julian Zelizer: Senate bill to repeal health reform lacks backing from Republican leaders: “Unified party positions are better than divided party positions,” Julian Zelizer, a congressional expert at Princeton University, said in an e-mail. “When the GOP is not all on board with legislation,” he added, Democrats can argue “Republicans calling for repeal are on the wrong track.”
    “Equally important, in an age of party unity, when divisions like this emerge it suggests [what] pollsters are saying: there is support for the healthcare bill in red America,” he said. The Hill, 7-5-10

President Barack Obama Talks with President Leonel Fernandez of   the Dominican Republic Following Their Meeting in the Oval Office

President Barack Obama talks with President Leonel Fernandez of the Dominican Republic following their meeting in the Oval Office July 12, 2010. (Official White House Photo by Pete Souza)

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