Politics August 6, 2016: Trump finally endorses Paul Ryan, John McCain, and Kelly Ayotte

HEADLINE NEWS

Headline_News

POLITICS

Trump finally endorses Paul Ryan, John McCain, and Kelly Ayotte

By Bonnie K. Goodman

After a couple of days of drama, Republican nominee Donald Trump endorsed Speaker of the House and Wisconsin Representative Paul Ryan, Arizona Senator John McCain and New Hampshire Senator Kelly Ayotte in their re-election bids for their Congressional and Senate seats. Trump made the endorsements official on Friday evening, Aug. 5, 2016, at a rally in Green Bay, Wisconsin. Trump expressed that he wanted to be a “big tent” Republican like Ronald Reagan in a speech that was rather unusual for Trump in that he read it off prepared remarks.

Trump in announcing his endorsements stated, “This campaign is not about me or any one candidate, it’s about America. I understand and embrace the wisdom of Ronald Reagan’s big tent within the party. So I embrace the wisdom that my 80 percent friend is not my 20 percent enemy.” Trump emphasized that he would need the support of the House and Senate as president.

Then after 10 minutes into his speech, Trump endorsed Speaker Ryan. Trump remarked, “We will have disagreements, but we will disagree as friends and never stop working together toward victory. And very importantly toward real change. So in our shared mission to make America great again, I support and endorse our speaker of the house Paul Ryan.” Trump’s endorsement comes only days before Ryan’s primary on Tuesday, Aug. 9, where he leads his opponent Paul Nehlen by 66 percent.

Continuing Trump endorsed McCain, both have been highly critical of the other. The GOP nominee said, “And while I’m at it, I hold in the highest esteem Senator John McCain for his service to our country in uniform and public office, and I fully support and endorse his reelection Very important. We’ll work together.”

After the rally, Trump’s campaign sent a fundraising email to supporters touting party unity and the endorsements. The email read, “It’s time to unite our Party and deny the third term of Obama. I have officially endorsed Paul Ryan — and together, we will fight for YOU, and together we will Make America Great Again!”

The controversy over the Ryan endorsement commenced on Tuesday, Aug. 2 when Trump spoke to the Washington for an interview. Trump echoed Ryan earlier comments about endorsing him back in May. The GOP nominee said, “I like Paul, but these are horrible times for our country. We need very strong leadership. We need very, very strong leadership. And I’m just not quite there yet. I’m not quite there yet.”

Trump running mate Indiana Governor Mike Pence broke with Trump over the endorsements choosing to endorse Ryan on Wednesday, Aug. 3. Pence endorsed Ryan in a phone interview with Fox News, stating, “I strongly support Paul Ryan, strongly endorse his re-election. He is a longtime friend. He’s a strong conservative leader. I believe we need Paul Ryan in leadership in the Congress of the United States.”
Pence later tweeted that he told his running mate in advance of his decision, “I talked to @realDonaldTrump this morning about my support for Paul Ryan and our longtime friend ship….” According to a Trump campaign insider, the GOP nominee is giving Pence “latitude” to speak his mind and convictions, and Pence’s endorsement was hardly a falling out.

Trump’s withholding the endorsement, however, was causing friction with fellow Republicans, who were quickly abandoning the GOP nominee. Even Republican National Committee Chairman Reince Priebus, a friend of Ryan’s and also from Wisconsin, was upset at Trump veering off the script.

Trump’s decision to endorse Ryan came only hours after Ryan suggested he could be easily unendorsed Trump if he sees fit. On Friday morning, Ryan told local Wisconsin radio WTAQ’s Jerry Bader, “None of these things are ever blank checks, that goes with any situation in any kind of race.” Continuing Ryan explained why he endorsed Trump in the first place, “he won the delegates, he won the thing fair and square it’s just that simple.”

 

Political Musings October 29, 2014: US-Israel crisis reactions: Obama official calls Netanyahu coward, chickenshit

POLITICAL MUSINGS

https://historymusings.files.wordpress.com/2013/06/pol_musings.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

US-Israel crisis reactions: Obama official calls Netanyahu coward, chickenshit

By Bonnie K. Goodman

United States Israel relations have gone downhill fast. At the beginning of the month, President Barack Obama and Israeli Prime Minister Benjamin Netanyahu had a friendly meeting at the White House, but in four weeks, the fragile personal relationship has…READ MORE

Political Musings August 8, 2013: President Barack Obama on the Tonight Show with Jay Leno tackles serious political issues with a mix of humor

HISTORY MUSINGS

HISTORY, NEWS & POLITICS

HISTORY & POLITICAL HEADLINES

Obama on Leno tackles serious political issues with a mix of humor (Video)

By Bonnie K. Goodman

Video

President Barack Obama continued his summer tour on his policies by making his sixth appearance on NBC’s the “Tonight Show with Jay Leno” on August 6, 2013. Obama covered lots ground in his interview with Leno…READ MORE

Full Text Obama Presidency August 7, 2013: Jay Leno’s interview with President Barack Obama on “The Tonight Show” — Transcript

POLITICAL TRANSCRIPTS

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Jay Leno’s interview with President Obama (transcript, video)

Source: Politico, 8-7-13

MANDEL NGAN/AFP/Getty Images

4:34 P.M. PDT

Q    Welcome the President of the United States — Barack Obama.  (Applause.)

Welcome back, sir.

THE PRESIDENT:  Thank you.  It’s good to be back.  (Applause.)

Q    Well, we’re thrilled to have you.

THE PRESIDENT:  It is good to be back.

Q    And a happy birthday.

THE PRESIDENT:  Thank you very much.

Q    Happy birthday to you.

THE PRESIDENT:  Thank you.  (Applause.)

Q    So how did you celebrate Sunday?  What did you do?

THE PRESIDENT:  I had a bunch of friends come over who I don’t see that often from high school and college.  And we played a little golf, and then we tried to play a little basketball.  And it was a sad state of affairs.  (Laughter.)

Q    Really?

THE PRESIDENT:  A bunch of old guys.  Where’s the Ibuprofen and all that stuff.  (Laughter.)

Q    But you’re pretty competitive.

THE PRESIDENT:  I am pretty competitive.  But the day of my birthday — we do departure photos of people who are transitioning out of the White House.  And we let them bring their families and they take a picture in the Oval Office.  And this wonderful staff person came in and had a really cute, young son.  He looked like Harry Potter, a six-year-old guy.  (Laughter.)  He came in, he had an economic report for me.  He had graphs and everything.  (Laughter.)  And, he says, “My birthday is in August, too.”  I said, “Well, how old are you going to be?”  He said, “Seven.”  He said, “How old are you?”  I said, “Fifty-two.”  He said, “Whoa.”  (Laughter.)  Whoa.  Whoa.  (Laughter.)  He looked off in the distance.  He was trying to project.  (Laughter.)

Q    Yes, you can’t even —

THE PRESIDENT:  You can’t go out that far.

Q    You can’t grasp that number, no.  (Laughter.)  Now, I’ve seen Michelle tease you about your gray hair.  You have a bit of silver in your hair.  Do you tease back?

THE PRESIDENT:  No.  (Laughter and applause.)  That’s why we’re celebrating our 21st anniversary.  (Laughter.)

Q    As I’m married 33 years, I know exactly what you’re saying.  (Laughter.)  I’ve got to ask you about this.  Everyone is concerned about these embassy closings.  How significant is this threat?

THE PRESIDENT:  Well, it’s significant enough that we’re taking every precaution.  We had already done a lot to bolster embassy security around the world, but especially in the Middle East and North Africa, where the threats tend to be highest.  And whenever we see a threat stream that we think is specific enough that we can take some specific precautions within a certain timeframe, then we do so.

Now, it’s a reminder that for all the progress we’ve made — getting bin Laden, putting al Qaeda between Afghanistan and Pakistan back on its heels — that this radical, violent extremism is still out there.  And we’ve got to stay on top of it.  It’s also a reminder of how courageous our embassy personnel tend to be, because you can never have 100 percent security in some of these places.  The countries themselves sometimes are ill-equipped to provide the kind of security that you want.  Even if we reinforce it, there are still vulnerabilities.

And these diplomats, they go out there and they serve every day.  Oftentimes, they have their families with them.  They do an incredible job and sometimes don’t get enough credit.  So we’re grateful to them and we’ve got to do everything we can to protect them.  (Applause.)

Q    This global travel warning, this is for Americans all around the world?  Are we telling people don’t take that European vacation just yet?  What are we saying?

THE PRESIDENT:  I think the general rule is just show some common sense and some caution.  So there are some countries where you’re less likely to experience a terrorist attack.  There are some where there are more dangers.  And if people are paying attention, checking with the State Department or embassy, going on the website before you travel, find out what kind of precautions you should be taking, then I think it still makes sense for people to take vacations.  They just have to make sure that they’re doing so in a prudent way.

Q    What do you say to those cynics who go, oh, this is an overreaction to Benghazi — how do you respond to that?

THE PRESIDENT:  One thing I’ve tried to do as President is not over react, but make sure that as much as possible the American people understand that there are genuine risks out there.  What’s great about what we’ve seen with America over the last several years is how resilient we are.  So after the Boston bombing, for example, the next day folks were out there, they’re going to ball games.  They are making sure that we’re not reacting in a way that somehow shuts us down.

And that’s the right reaction.  Terrorists depend on the idea that we’re going to be terrorized.  And we’re going to live our lives.  And the odds of people dying in a terrorist attack obviously are still a lot lower than in a car accident, unfortunately.  But there are things that we can do to make sure that we’re keeping the pressure on these networks that would try to injure Americans.  And the first thing I think about when I wake up and the last thing I think about when I go to bed is making sure that I’m doing everything I can to keep Americans safe.  (Applause.)

Q    It’s safe to say that we learned about these threats through the NSA intelligence program?  Is that a fair assessment?

THE PRESIDENT:  Well, this intelligence-gathering that we do is a critical component of counterterrorism.  And obviously, with Mr. Snowden and the disclosures of classified information, this raised a lot of questions for people.  But what I said as soon as it happened I continue to believe in, which is a lot of these programs were put in place before I came in.  I had some skepticism, and I think we should have a healthy skepticism about what government is doing.  I had the programs reviewed.  We put in some additional safeguards to make sure that there’s federal court oversight as well as congressional oversight, that there is no spying on Americans.

We don’t have a domestic spying program.  What we do have are some mechanisms where we can track a phone number or an email address that we know is connected to some sort of terrorist threat.  And that information is useful.  But what I’ve said before I want to make sure I repeat, and that is we should be skeptical about the potential encroachments on privacy.  None of the revelations show that government has actually abused these powers, but they’re pretty significant powers.

And I’ve been talking to Congress and civil libertarians and others about are there additional ways that we can make sure that people know nobody is listening to your phone call, but we do want to make sure that after a Boston bombing, for example, we’ve got the phone numbers of those two brothers — we want to be able to make sure did they call anybody else?  Are there networks in New York, are there networks elsewhere that we have to roll up?  And if we can make sure that there’s confidence on the part of the American people that there’s oversight, then I think we can make sure that we’re properly balancing our liberty and our security.

Q    When we come back, I want to ask you about Russia and Snowden.  I hit on something in the monologue which just seems incredible to me, and I want to get your thoughts on that.

More with the President when we come back.  (Applause.)
* * *

Q    Welcome back to our discussion with President Barack Obama.  (Applause.)

Let me ask you about this — the NSA leaker Edward Snowden.  Some call him a whistleblower.  What do you call him?

THE PRESIDENT:  Well, we don’t know yet exactly what he did, other than what he’s said on the Internet, and it’s important for me not to prejudge something.

Q    Got you.

THE PRESIDENT:  Hopefully, at some point he’ll go to trial and he will have a lawyer and due process, and we can make those decisions.

I can tell you that there are ways, if you think that the government is abusing a program, of coming forward.  In fact, I, through executive order, signed whistleblower protection for intelligence officers or people who are involved in the intelligence industry.  So you don’t have to break the law.  You don’t have to divulge information that could compromise American security.  You can come forward, come to the appropriate individuals and say, look, I’ve got a problem with what’s going on here, I’m not sure whether it’s being done properly.

If, in fact, the allegations are true, then he didn’t do that.  And that is a huge problem because a lot of what we do depends on terrorists networks not knowing that, in fact, we may be able to access their information.

Q    Let me add — now, he was a contracted employee.

THE PRESIDENT:  Yes.

Q    And it seems the government has a lot of these.  I remember when I was coming up my brother was in ROTC, and in those days, they would take college students, you go into the Army, the Army would train you.  This guy is being paid money by an outside firm, living in Hawaii, got the stripper girlfriend. All of a sudden you’re all upset with what the government is doing, and you go to another country.  I mean, in my era, Daniel Ellsberg stood in the town square and said, “I’ve got this,” got arrested, The New York Times — I mean, should we go back to not using so many — whether it’s Blackwater or any of these contract — these people who are Hessians, they get paid?

THE PRESIDENT:  Well, I think you’re raising an important issue.  We’ve been trying to reduce the reliance on contractors. Some of the contractors do a great job, and they’re patriots and they’re trying to support our mission.  Sometimes they can do it more efficiently or effectively if they’ve got some specialized knowledge.  But one of the things that I’ve asked our team to look at is, when it comes to intelligence, should we, in fact, be farming that much stuff out.  And there are a lot of extraordinarily capable folks in our military and our government who can do this, and probably do it cheaper, and then benefit from the training that they get so that when they transfer — (applause) — they’re in a better position.

Q    Now, were you surprised that Russia granted Snowden asylum?

THE PRESIDENT:  I was disappointed because even though we don’t have an extradition treaty with them, traditionally we have tried to respect if there’s a law-breaker or an alleged law-breaker in their country, we evaluate it and we try to work with them.  They didn’t do that with us.  And in some ways it’s reflective of some underlying challenges that we’ve had with Russia lately.  A lot of what’s been going on hasn’t been major breaks in the relationship, and they still help us on supplying our troops in Afghanistan; they’re still helping us on counterterrorism work; they were helpful after the Boston bombing in that investigation.  And so there’s still a lot of business that we can do with them.

But there have been times where they slip back into Cold War thinking and a Cold War mentality.  And what I consistently say to them, and what I say to President Putin, is that’s the past and we’ve got to think about the future, and there’s no reason why we shouldn’t be able to cooperate more effectively than we do.

Q    And Putin seems to me like one of those old-school KGB guys.

THE PRESIDENT:  Well, he headed up the KGB.  (Laughter.)

Q    Yes.  Well, that’s what I mean.  Yes, that’s what I mean.  He has that mentality.  I mean, look at this picture here. You two don’t look pretty — (laughter) — you look like me and the NBC executives.  What is going on there?  (Laughter.)  That doesn’t look like a friendly picture.

THE PRESIDENT:  Well, the truth is, is that when we have meetings we can have some pretty blunt exchanges and animated exchanges.  But he’s got — that seems to be his preferred style during press conferences, is sitting back and not looking too excited.  (Laughter.)  Now, part of it is he’s not accustomed to having press conferences where you’ve got a bunch of reporters yelling questions at you.

Q    Now, the G20 summit is in St. Petersburg next —

THE PRESIDENT:  Coming up, right.

Q    Are you going to that and will you meet with Putin?

THE PRESIDENT:  I will be going to that.  I will be going to that because the G20 summit is the main forum where we talk about the economy, the world economy, with all the top economic powers in the world.  So it’s not something unique to Russia.  They’re hosting it this year, but it’s important for us, as the leading economy in the world, to make sure that we’re there — in part because creating jobs, improving our economy, building up our manufacturing base, increasing wages — all those things now depend on how we compete in this global economy.  And when you’ve got problems in Europe, or China is slowing down, that has an impact here in the United States.

And I’ve been saying for the entire tenure of my presidency that my number-one priority at all times is how do we create an economy where, if you work hard in this country, you can succeed. And there are a lot of things that we can do here in this country, but we’ve also got to pay attention to what’s going on outside it.

Q    Well, something that shocked me about Russia — and I’m surprised this is not a huge story — suddenly, homosexuality is against the law.  I mean, this seems like Germany:  Let’s round up the Jews, let’s round up the gays, let’s round up the blacks. I mean, it starts with that.  You round up people who you don’t
— I mean, why is not more of the world outraged at this?

THE PRESIDENT:  Well, I’ve been very clear that when it comes to universal rights, when it comes to people’s basic freedoms, that whether you are discriminating on the basis of race, religion, gender or sexual orientation, you are violating the basic morality that I think should transcend every country.  And I have no patience for countries that try to treat gays or lesbians or transgender persons in ways that intimidate them or are harmful to them.

Now, what’s happening in Russia is not unique.  When I traveled to Africa, there were some countries that are doing a lot of good things for their people, who we’re working with and helping on development issues, but in some cases have persecuted gays and lesbians.  And it makes for some uncomfortable press conferences sometimes.  But one of the things that I think is very important for me to speak out on is making sure that people are treated fairly and justly, because that’s what we stand for. And I believe that that’s a precept that’s not unique to America, that’s something that should apply everywhere.  (Applause.)

Q    Do you think it will affect the Olympics?

THE PRESIDENT:  I think Putin and Russia have a big stake in making sure the Olympics work, and I think they understand that for most of the countries that participate in the Olympics, we wouldn’t tolerate gays and lesbians being treated differently.  They’re athletes, they’re there to compete.  And if Russia wants to uphold the Olympic spirit, then every judgment should be made on the track, or in the swimming pool, or on the balance beam, and people’s sexual orientation shouldn’t have anything to do with it.  (Applause.)

Q    Good enough for me.

We’ll be right back.  We’ll talk about the economy when we come back.

THE PRESIDENT:  Absolutely.

Q    More with President Obama right after this.  (Applause.)

* * *

Q    Welcome back.  We’re talking with the President of the United States, Barack Obama.

Hey, let’s talk about the economy.  Things seem to be getting better, seem to be improving.

THE PRESIDENT:  Well, the economy is growing.

Q    Yes.

THE PRESIDENT:  The unemployment rate has been ticking down, and housing is improving.  We’ve seen the deficit cut in half.  Health care costs are actually going up slower than they have in — any time in the last 50 years.  So there are a lot of good trends.

Q    Right.

THE PRESIDENT:  But I think what folks all across the country would tell you is we’ve got a lot more work to do.  Wages and salaries haven’t gone up.  Middle-class families are still struggling to make sure they can pay for their kids’ college education.  They’re still concerned about whether they can retire.

And what Washington should be thinking about every single day is how do we make sure we’ve got an economy where if folks work hard, they can find a good job that pays a decent wage;  they can send their kids to college; they’ve got health care they can count on; they can retire even if they don’t get rich — or even if they’re not rich; and that we’re creating these ladders of opportunities for people to get into the middle class.

    And what’s happened over the last 20 years is — actually longer than that, probably over the last 30 — is that the gap between those of us at the very top and the vast middle has been growing wider and wider.  And some of that is globalization.  Some of it is technology.  You go to a factory — you’re a car guy — if you go to an auto plant now, robots, and it’s clean as a whistle, and it doesn’t employ as many people as it used to.  So a lot of those middle-class jobs have gone away.

And what we have to do is make sure that we are investing in infrastructure, research; making sure our kids are educated properly; and an improved and more stable housing market instead of the kind of bubbles that we had before.  All those things can really make a difference.

     Q    You mentioned infrastructure.  Why is that a partisan issue?  I live in a town, the bridge is falling apart, it’s not safe.  How does that become Republican or Democrat?  How do you not just fix the bridge?  (Laughter and applause.)

     THE PRESIDENT:  I don’t know.  As you know, for the last three years, I’ve said, let’s work together.  Let’s find a financing mechanism and let’s go ahead and fix our bridges, fix our roads, sewer systems, our ports.  The Panama is being widened so that these big supertankers can come in.  Now, that will be finished in 2015.  If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina, or Savannah, Georgia, or Jacksonville, Florida — if we don’t do that, those ships are going to go someplace else.  And we’ll lose jobs.  Businesses won’t locate here.

So this is something that traditionally has been bipartisan. I mean, it used to be Republicans and Democrats, they love cutting those ribbons.

Q    Yes.

THE PRESIDENT:  And we’ve got a bunch of construction workers who aren’t working right now.  They’ve got the skills.  They want to get on the job.  It would have a huge impact on the economy not just now, but well into the future.  So I’m just going to keep on pushing Republicans to join with us, and let’s try to do it.

Part of it is — what they’ll say is, we like infrastructure, but we don’t want to pay for it.  And one of the things I’ve been trying to get across here is, is that we don’t need a huge government, but we need government doing some basic things, and we should all agree on a sensible mechanism to go ahead and pay for it — make sure we don’t waste money, make sure we’re cutting down on permitting times and delays, but let’s go ahead and get it done.

Q    Would it be possible to do a modern WPA, almost like a America Peace Corps where kids get paid a decent wage, you give them food, and they fix up Detroit, they fix up other cities —  whatever — they fix bridges?  I mean, when you travel this country, you see these great bridges and things that were built by — and they have the plaque, the guys that built it in 1932, in 1931.

THE PRESIDENT:  And it was incredibly important for not just the economy in the ‘30s, we use it still — Golden Gate Bridge, Hoover Dam.  It opened up opportunity for everybody.  The Interstate Highway System — think of all the businesses that got created because we put that together.

So it’s possible.  The question is do we have the political will to do it.  And my argument to Congress has been, this is just like your house.  You can put off fixing the roof.  You can put off doing the tuckpointing.  You can put off replacing the old boiler.  But sooner or later, you’re going to have to fix it, and it’s going to be more expensive the longer you put it off.  When we’ve got unemployed folks right now, we should be putting them to work, and it would be good for the entire country.  (Applause.)

Q    And let me ask you about something I’m seeing.  Is it me, or do I see kind of bromance with you and John McCain?  (Laughter.)  I remember you two had that lovers’ quarrel for a while.  And, oh, now, you’re, oh — well, you’re best friends.

THE PRESIDENT:  Well, you know that’s how —

Q    What happened?

THE PRESIDENT:  That’s how a classic romantic comedy goes, right?  (Laughter.)  Initially you’re not getting along, and then you keep on bumping into each other.  (Laughter.)

Q    Yes, but what’s — I mean, what changed?  Who saw the light?  (Laughter.)

THE PRESIDENT:  John McCain and I have a number of philosophical differences, but he is a person of integrity.  He is willing to say things regardless of the politics.  The fact that he worked hard with a group of Democratic and Republican senators on immigration reform; they passed a bill in the Senate that will make sure that folks who are here illegally have to pay back-taxes and pay a penalty and get to the back of the line, but over time have a pathway to citizenship, and make sure that we’re strengthening our borders.  He went ahead and passed that even though there are some questions in his own party.  So I think that he deserves credit for being somebody who is willing to go against the grain of his own party sometimes.  It’s probably not good for me to compliment him on television.

Q    Yes, yes.  (Laughter.)  Get a big head.

THE PRESIDENT:  But I think that he’s an example of a number of Republicans in the Senate, in the House, who want to be for something, not just be against everything.  (Applause.)  And the more that they can try to move in that direction, I think the better off we’ll be.

Q    Now, we’re going to take a break.  I want to talk about Hillary because I know you had lunch with her.

THE PRESIDENT:  Absolutely.

Q    My question — my question when we come back, who asked who to lunch.  (Laughter.)  Don’t answer.  Don’t answer.  We’ll find out more with President Obama right after this.  (Applause.)

* * *

Q    (Applause.)  We are back with the President of the United States.

You and Hillary had lunch last — who invited who to lunch? I’m curious.

THE PRESIDENT:  I invited her.

Q    Okay.

THE PRESIDENT:  And we had a great time.  She had that post-administration glow.  (Laughter.)  You know, when folks leave the White House — two weeks later, they look great.  (Laughter.)  But it was a wonderful conversation.  By the end of my first term, we had become genuinely close and I could not have more respect for her.  She was a great Secretary of State, and I’m  very, very proud of the work she did.  (Applause.)

Q    Did you notice her measuring the drapes or anything like that?  (Laughter.)

THE PRESIDENT:  No.  Keep in mind, she’s been there before.
Q    Right, that’s true.  That’s true.

THE PRESIDENT:  So she doesn’t have to measure them.

Q    So what’s the latest in health care?  What’s new?

THE PRESIDENT:  Well, on October 1st, people are going to be able to sign up if they don’t have health care.  If you’ve got health care, you don’t have to do anything.  The only thing that’s happened for people who have health care right now is, is that you’ve been able to benefit from the fact that we put in place a law so that insurance companies have to spend 80 percent of your premiums on health care, and if they spend it on administrative costs and high CEO salaries, they’ve got to send you a rebate.  And that’s been affecting people.  (Applause.)

If you’ve got a kid who has just graduated, doesn’t have a job with health care, they can stay on their parent’s plan.  That’s in place right now.  Free preventive care and free contraceptive care for young women and families — all that stuff is in place now.  No lifetime limits.  (Applause.)

So a lot of consumer protections got put in place.  But on October 1st, if you don’t have health care right now, you can join what are called these marketplaces and you’ll be able to get lower-cost health care.  Here in California, it’s estimated it will be 20, 30 percent cheaper than what you’re already getting. And we’ll give you subsidies — tax credits, essentially — if you still can’t afford it.

So you can go to healthcare.gov and right now you can pre-register essentially and start figuring out is this plan right for you.

Q    Well, I was able to get health care from — the guys who worked at my shop for me are all over 50.  They never had health care.  And I was able to get it now because you can’t be turned down.  So thank you for that.

THE PRESIDENT:  You can’t be turned down because of a preexisting condition.  That’s part of what we’re going to be doing.  (Applause.)

Q    Something I thought was — I thought you spoke very eloquently about the Trayvon Martin case and I could tell you were speaking from the heart.  And tell me about that.

THE PRESIDENT:  Well, I think all of us were troubled by what happened.  And any of us who were parents can imagine the heart ache that those parents went through.  It doesn’t mean that Trayvon was a perfect kid — none of us were.  We were talking offstage — when you’re a teenager, especially a teenage boy, you’re going to mess up, and you won’t always have the best judgment.  But what I think all of us agree to is, is that we should have a criminal justice system that’s fair, that’s just.  And what I wanted to try to explain was why this was a particularly sensitive topic for African American families, because a lot of people who have sons know the experience they had of being followed or being viewed suspiciously.

We all know that young African American men disproportionately have involvement in criminal activities and violence — for a lot of reasons, a lot of it having to do with poverty, a lot of it having to do with disruptions in their neighborhoods and their communities, and failing schools and all those things.  And that’s no excuse, but what we also believe in is, is that people — everybody — should be treated fairly and the system should work for everyone.  (Applause.)  And so what I’m trying to do is just —

Q    I agree.

THE PRESIDENT:  — make sure that we have a conversation and that we’re all asking ourselves are there some things that we can do to foster better understanding, and to make sure that we don’t have laws in place that encourage the kind of violent encounter that we saw there that resulted in tragedy.

Q    Let me ask you something — you told a group of young people that broccoli was your favorite food.  (Laughter.)  Now, lying to voters is one thing; lying to children, that’s — (laughter and applause) — well, that is —

THE PRESIDENT:  Let me say this —

Q    Can you put your right hand on a Bible and say, “Broccoli” — (laughter.)

THE PRESIDENT:  Let me say this — I have broccoli a lot.  (Laughter.)  I mean, no, you can ask my staff.

Q    Really?

THE PRESIDENT:  It is one of my staples.  Me and broccoli, I don’t know, we’ve got a thing going.  (Laughter.)

Q    Really?

THE PRESIDENT:  It goes especially well with burgers and fries.

Q    Right, right.  (Laughter.)

THE PRESIDENT:  Absolutely.

Q    And did Michelle make a broccoli cake with broccoli icing?

THE PRESIDENT:  Well, I won’t go that far.

Q    Now, did the kids believe you or did they go, “Oh, come on.”

THE PRESIDENT:  No, they did kind of — they looked at me.  (Laughter.)  They had their little pads and pencils, and they were all, “Really?”  (Laughter.)  “More than chips?”  (Laughter.)

But to Michelle’s credit, the Let’s Move initiative that she’s been involved with that has gotten so many folks all around the country doing stuff to help kids exercise and eat right.  For the first time in a long time, we’ve started to see some modest reduction in childhood obesity.  So I think it’s making a difference.  (Applause.)

Q    Well, that’s good.  Really proud of that.

Mr. President, it’s been an honor.  I know you have to go.

THE PRESIDENT:  It was nice to see you.

Q    Thank you so much.

THE PRESIDENT:  Before we go, well, Jay, I know you’re very proud of your car collection.

Q    Yes.

THE PRESIDENT:  Well, there’s one piece that’s missing.

Q    Cool.

THE PRESIDENT:  This is the Beast.

Q    The Beast!

THE PRESIDENT:  The one I drive in.  (Applause.)

Q    Oh, look at that.  My friend, Ed Wellburn, designed that car.  Will you sign the roof?

THE PRESIDENT:  I will sign the roof.

Q    Oh, cool.  (Laughter.)

THE PRESIDENT:  Now, the doors are heavy, so when you’re getting in you may need a little help.  (Laughter.)

Q    I assume the real car will be at my garage after the show.  (Laughter.)

THE PRESIDENT:  There you go, Jay.

Q    Very good.

THE PRESIDENT:  Thank you so much.

Q    Mr. President, a pleasure and an honor, sir.

THE PRESIDENT:  I appreciate it.

Q    Thank you very much.  (Applause.)

END                     5:16 P.M. PDT

Political Headlines June 9, 2013: Sens. John McCain, Dianne Feinstein and Obama Chief of Staff on Surprise Trip to Gitmo

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

McCain, Feinstein and Obama Chief of Staff on Surprise Trip to Gitmo

Source: ABC News Radio, 6-9-13

Photo by Mark Wilson/Getty Images

Senators John McCain, R-Ariz., and Dianne Feinstein, D-Calif., traveled to the federal detention facility at Guantanamo Bay, Cuba, on Sunday with White House Chief of Staff Denis McDonough….READ MORE

Political Headlines May 28, 2013: White House Say They Knew of Sen John McCain’s Syria Trip

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

White House Knew of McCain’s Syria Trip

Source: ABC News Radio, 5-28-13

Chris Maddaloni/CQ Roll Call

The White House was made aware ahead of time that Sen. John McCain, R-Ariz., would travel to Syria this week, White House spokesman Jay Carney said Tuesday….READ MORE

Political Headlines April 16, 2013: Proposed Immigration Bill Has Widespread Senate Support

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Proposed Immigration Bill Has Widespread Support

Source: ABC News Radio, 4-17-13

MANDEL NGAN/AFP/Getty Images

Senators John McCain, R-Ariz., and Chuck Schumer, D-N.Y., emerged from a White House meeting Tuesday confident that President Obama supports the immigration reform bill they plan to introduce Tuesday night.

“While he certainly might not agree with every single part of it, he was very supportive of the bill we have put together and simply wants to make sure we keep moving it along and get something done,” Schumer told reporters at the White House….READ MORE

Political Headlines March 14, 2013: At CPAC, Rand Paul, Marco Rubio take shots at Mitt Romney, John McCain

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

At CPAC, Rand Paul, Marco Rubio take shots at Mitt Romney, John McCain

Source: Washington Post, 3-14-13

The future of the Republican Party took some shots at its recent past on Thursday, as two top potential 2016 White House hopefuls made a conspicuous effort to distance themselves from the past two GOP presidential nominees….READ MORE

Political Headlines March 8, 2013: Rand Paul’s Near 13-Hour Filibuster Receives Mixed Reviews & Criticism from Sens. John McCain & Lindsey Graham

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Rand Paul’s Near 13-Hour Filibuster Receives Mixed Reviews

Source: ABC News Radio, 3-7-13

Senate Majority Leader Harry Reid praised Sen. Rand Paul’s stamina and conviction after his nearly 13-hour filibuster, but some of Paul’s Republican colleagues were less than impressed with the Kentucky senator’s marathon effort….READ MORE

Political Headlines March 7, 2013: Sens. John McCain, Lindsey Graham rebuke Sen. Rand Paul for filibuster over drones

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

McCain, Graham rebuke Sen. Paul for filibuster over drones

Source: Fox News, 3-7-13

Sen. Rand Paul’s 13-hour filibuster over the government’s drone program drew praise from conservatives, libertarians and progressives alike who said the firebrand Kentucky senator focused a spotlight on a critical issue….READ MORE

Political Headlines March 6, 2013: President Barack Obama has Dinner with 12 Republican Senators

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

President Obama, GOP Senators Break Bread

Source: ABC News Radio, 3-7-13

Official White House Photo by Pete Souza

President Obama and Republican senators had a “good exchange of ideas” Wednesday evening during their roughly two-hour-long dinner at the posh Jefferson Hotel, just blocks from the White House, according to a senior administration official….

Here is a full list of attendees at Wednesday night’s dinner: Sen. Lindsey Graham, R-S.C.; Sen. Bob Corker, R-Tenn.; Sen. Kelly Ayotte, R-N.H.; Sen. John McCain, R-Ariz.; Sen. Dan Coats, R-Ind.; Sen. Tom Coburn, R-Okla.; Sen. Richard Burr, R-N.C.; Sen. Mike Johanns, R-Neb.; Sen. Pat Toomey, R-Pa.; Sen. Ron Johnson, R-Wis.; Sen. John Hoeven, R-N.D.; and Sen. Saxby Chambliss, R-Ga….READ MORE

Political Headlines March 6, 2013: President Barack Obama to Host Republican / GOP Senators for Dinner

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

President Obama to Host GOP Senators for Dinner

Source: ABC News Radio, 3-6-13

Official White House Photo by Pete Souza

As Washington gets socked by a snowstorm and sequester, President Obama begins a new strategy of personal outreach to congressional Republicans.

On Wednesday night, Obama will host a dinner party for a small group of 11 GOP senators, aides to several participants confirmed. Among the guests expected at the table are Sens. Tom Coburn of Oklahoma, John McCain of Arizona and Kelly Ayotte of New Hampshire….READ MORE

Political Headlines February 20, 2013: Sen. John McCain Defends Immigration Plan at Arizona Town Hall Event

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

John McCain Defends Immigration Plan at Testy Town Hall

Source: ABC News Radio, 2-20-13

Sen. John McCain defended his immigration reform proposals during a contentious town hall event on Tuesday in his home state.

The Republican senator from Arizona is a member of a bipartisan group of eight senators crafting a bill that contains a pathway to citizenship for many of the nation’s 11 million undocumented immigrants. But he heard an earful from constituents who were unhappy about the plan and want more to be done to secure the border….READ MORE

Political Headlines February 20, 2013: President Barack Obama Calls Republican Senators on Immigration

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Obama Calls Republican Senators on Immigration

Source: ABC News Radio, 2-20-13

President Obama made his first direct overture to Republicans on immigration Tuesday night, placing calls to the three key GOP players on the issue in the Senate:  John McCain (Ariz.), Lindsey Graham (S.C.) and Marco Rubio (Fla)….READ MORE

Political Headlines February 5, 2013: GOP Blasts President Barack Obama’s Deficit Reduction Proposals & Budget Plans as ‘Last Thing Americans Need’

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

GOP Blasts Obama’s Deficit Reduction Proposals as ‘Last Thing Americans Need’

Source: ABC News Radio, 2-5-13

KAREN BLEIER/AFP/Getty Images

Republicans criticized President Obama’s call Tuesday for a short-term deficit reduction package of spending cuts and tax revenue to postpone the deep automatic cuts known as sequestration that would begin the first week of March if a deficit cutting deal is not reached….

Senators John McCain, R-Ariz., Lindsey Graham, R-S.C. and Kelly Ayotte, R-N.H. released an official statement on President Obama’s remarks on budget sequestration, saying that Obama has failed to address the issue for more than a year and promising to introduce their own piece of legislation that will not increase taxes, as Obama’s plan would….READ MORE

Political Headlines November 21, 2012: Sen. John McCain Surprised by DNI Benghazi Talking Points Admission

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

John McCain Surprised by DNI Benghazi Talking Points Admission

Source: ABC News Radio, 11-21-12

ABC News

Sen. John McCain, one of the loudest critics of the White House reaction to the Sept. 11 attack on the U.S. consulate in Benghazi, Libya, admitted on Tuesday that he was surprised that the Director of National Intelligence admitted to removing references to al Qaeda in the talking points memo that followed the deaths of Ambassador Christopher Stevens and three other Americans….READ MORE

Political Headlines November 15, 2012: Senator John McCain Skips Classified Briefing While Blasting White House over Benghazi

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

McCain Skips Classified Briefing While Blasting White House over Benghazi

Source: ABC News Radio, 11-15-12

Mark Wilson/Getty Images

Senator John McCain is demanding answers on the Benghazi attack, but his office tells ABC News he missed a classified briefing on the subject because of a “scheduling error.”

The briefing was held on Wednesday before the Senate Homeland Security Committee — of which Senator McCain is a member — and lasted three hours, featuring testimony by officials from the State Department, the Pentagon, the CIA and the National Counterterrorism Center.

McCain was holding a press conference demanding answers about the administration’s handling of the attack on the US Consulate in Benghazi, Libya that killed four Americans, including US Ambassador to Libya Christopher Stevens. At precisely the same time, the briefing for the Homeland Security Committee was happening in another part of the Capitol building….READ MORE

Political Headlines November 14, 2012: Senators John McCain, Lindsey Graham Pledge to Block Potential Secretary of State Nominee Susan Rice

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

McCain, Graham Pledge to Block Potential Secretary of State Nominee

Source: ABC News Radio, 11-14-12

State Dept photo

Republican Senators John McCain and Lindsey Graham pledged to do everything in their power to block U.N. Amb. Susan Rice if she is nominated as Secretary of State.

They also want a special blue ribbon committee like those that investigated Watergate or the Iran Contra affair appointed to look into the Obama administration’s response to the September 11th terror attack against the U.S. consulate in Benghazi….READ MORE

Political Headlines June 12, 2012: John McCain Introduces Senate Resolution Calling for Special Counsel to Investigate National Security Leaks

POLITICAL HEADLINES

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

McCain Introduces Senate Resolution Calling for Special Counsel to Investigate Leaks

Source: ABC News Radio, 6-12-12

ROSLAN RAHMAN/AFP/GettyImages

Keeping the drumbeat up, Sen. John McCain, R-Ariz., introduced a resolution in the Senate Tuesday calling for the appointment of a special counsel to investigate the string of recent national security and intelligence leaks.

“I can’t think of any time that I have seen such breaches of ongoing national security programs as has been the case here,” McCain said from the Senate floor Tuesday. “The damage to our national security has been articulated by many both in and outside of the administration, including the most damaging that we have seen, including our director of national intelligence saying that it’s the worst that he’s seen in his 30 years of service.”

The non-binding resolution expresses the Sense of the Senate that Attorney General Eric Holder should appoint an outside special counsel to investigate the unauthorized disclosure of classified and sensitive information by administration officials….READ MORE

Political Buzz June 8, 2012: Congressional Leaders Press for Inquiry to Investigate National Security Leaks Used in New York Times Feature on President Obama’s ‘Kill List”

POLITICAL BUZZ

By Bonnie K. Goodman

Ms. Goodman is the Editor of History Musings. She has a BA in History & Art History & a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University. Ms. Goodman has also contributed the overviews, and chronologies in History of American Presidential Elections, 1789-2008, 4th edition, edited by Gil Troy, Fred L. Israel, and Arthur Meier Schlesinger published by Facts on File, Inc. in 2011.

OBAMA PRESIDENCY & THE 112TH CONGRESS:

IN FOCUS: CONGRESSIONAL LEADERS PRESS FOR INQUIRY TO INVESTIGATE NATIONAL SECURITY LEAKS

iStockphoto/Thinkstock

Congress Warns Intel Leaks Put ‘Lives at Risk’:
Source: ABC News Radio, 6-7-12
Top Democrats and Republicans Thursday demanded an end to leaks of classified intelligence because, they said, the leaks are putting lives at risk and jeopardizing future operations.
Thursday afternoon, the senior Democrats on the House and Senate intelligence committees joined together with Republicans to denounce a recent flood of national security leaks about U.S. covert actions in counterterrorism and espionage, and to announce their collective effort to investigate the recurring issue of classified information being disclosed in the media.
Earlier this week, the FBI has opened a leak investigation into the disclosures in the New York Times last week that President Obama ordered the intelligence community to speed up cyber attacks against Iran with the Stuxnet worm, according to federal law enforcement officials. In recent weeks, there have also been stories about the president’s “kill list” of al Qaeda drone targets and another about the double agent who helped the U.S. foil the latest attempted al Qaeda attack on a U.S. airline.
Rep. Dutch Ruppersberger, the top Democrat on the House Intelligence Committee, called recent leaks “one of the most serious of breaches” that he has seen in 10 years sitting on the committee…. READ MORE

  • Pressing for Leak Inquiry by a Special Counsel: Calls for a special counsel to investigate leaks of classified information by Obama administration officials gathered momentum on Thursday after the Justice Department’s national security division partly recused itself from the inquiry…. – NYT, 6-7-12
  • Top lawmakers declare war on intelligence leaks: Leaders of the Senate and House intelligence committees said Thursday they were drafting legislation to further limit who can access highly classified information and possibly impose new penalties for revealing it…. – AP, 6-7-12
  • Obama administration playing dangerous game with intelligence leaks: Senator McCain and White House Press Secretary Jay Carney traded insults this week over intelligence leaks – McCain called the Obama White House “grossly irresponsible” to leak classified information for political gain, while Carney called McCain…. – Fox News, 6-7-12
  • Intelligence committees vow to stop leaks of secrets: The House and Senate intelligence committees announced plans Wednesday to draft new laws against leaks of classified information, adding to an uproar on Capitol Hill over a series of recent stories that revealed details of terrorism threats and CIA … WaPo, 6-7-12
  • Bipartisan congressional group calls for legislative action on leaks: A bipartisan group of congressional members called for an investigation into the source of security leaks that led to stories published by the New York Times, but stopped short of claiming the leaks were made for political purposes…. – LAT, 6-7-12
  • CIA Declines Lawmakers’ Request for Information on Leaks: The CIA won’t respond to a US House Intelligence Committee request for information about leaks of classified data, said Representative Mike Rogers, the panel’s chairman. The committee had asked about last month’s … BusinessWeek, 6-7-12
  • Calls grow for outside probe of US national security leaks: * McCain accuses White House of leaking for election-year gain * Committee chiefs have called for urgent probe of leaks * Leaks have involved cyber-warfare, drone strikes…. – Reuters, 6-7-12
  • Congressional leaders to meet with intelligence chief on leaks: Congressional leaders on intelligence issues will meet Thursday with Director of National Intelligence James Clapper on apparent leaks of classified information involving a cyberwarfare program against Iran…. – CNN, 6-7-12
  • Analysis: Despite outrage, security leaks may go unplugged: Democratic and Republican intelligence experts in Congress are joining forces to condemn a series of jaw-dropping intelligence leaks which some Republicans charge are timed to boost President Barack Obama’s re-election campaign…. – Reuters, 6-6-12
  • Senate Will Investigate National Security Leaks About Terrorism ‘Kill List’: Senators John McCain and Saxby Chambliss called for the appointment for a special counsel to investigate leaks in wake of recent articles in The New York Times…. – NYT, 6-5-12
  • FBI Probes Leaks on Iran Cyberattack: The FBI has opened an investigation into who disclosed information about a classified US cyberattack program aimed at Iran’s nuclear facilities, according to two people familiar with the probe…. – WSJ, 6-5-12
  • McCain Calls on White House to Plug Intelligence Leaks: Describing the string of recent intelligence leaks to news outlets as “disturbing” and “simply unacceptable,” Sen. John McCain, R-Ariz., accused the White House of putting the president’s ambitions for another term in the Oval Office ahead of national security.
    “A really disturbing aspect of this is that one could draw the conclusion from reading these articles that it is an attempt to further the president’s political ambitions for the sake of his re-election at the expense of our national security,” McCain said on the Senate floor late Tuesday…. – ABC News Radio, 6-5-12
  • Axelrod Denies Participating in Anti-Terror Discussions: The communications director of President Obama’s reelection campaign today denied a report in the New York Times that he had sat in on weekly White House meetings on terrorism.
    On Tuesday the paper said that after the failed 2009 Christmas Day “underwear bombing,” David Axelrod started attending the discussions with Obama and top national security advisers…. – ABC News Radio, 6-4-12

Campaign Headlines May 28, 2012: Mitt Romney’s Memorial Day Tribute Speech Warns About & Criticizes President Obama’s Foreign Policy

CAMPAIGN 2012

By Bonnie K. Goodman

Ms. Goodman is the Editor of History Musings. She has a BA in History & Art History & a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University. Ms. Goodman has also contributed the overviews, and chronologies in History of American Presidential Elections, 1789-2008, 4th edition, edited by Gil Troy, Fred L. Israel, and Arthur Meier Schlesinger published by Facts on File, Inc. in 2011.

CAMPAIGN BUZZ 2012

Joe Raedle/Getty Images(SAN DIEGO)

IN FOCUS: MITT ROMNEY’S MEMORIAL DAY TRIBUTE SPEECH

In Memorial Day Tribute, Romney Warns of Threats Around the Globe: Delivering a Memorial Day tribute on Monday, Mitt Romney thanked the sacrifice of servicemen and women while warning of the grave dangers around the globe, remarking frankly that “the world is not safe” before ticking off a list of grave security issues around the globe.
“I wish I could tell you that the world is a safe place today,” said Romney, speaking before a crowd of nearly 5,000 which included servicemen and women in uniform. “It’s not. Iran is rushing to become a nuclear nation. As the national sponsor of terror around the world, the thought of missile material in the hands of Hezbollah or Hamas or other terrorists is simply unthinkable. Pakistan is home to some 100 nuclear weapons.”
“China’s on the road to becoming a … military superpower,” Romney continued. “Russia is rebuilding their military and is now led by a man who believes that the Soviet Union was a great, as opposed to evil, empire. Chavez is campaigning for power throughout Latin America. Mexico is under siege from the cartels and in the Middle East the Arab Spring has become an Arab Winter.”… – ABC News Radio, 5-28-12

Today Is A Day To Give Thanks And Remember: I am honored to be celebrating Memorial Day this year with John McCain. I don’t have to tell John’s story; the world already knows it. But it is what today’s holiday is all about: sacrifice, valor, honor, courage, and love of country. A lot of young Americans are risking their lives in distant battlefields today. Memorial Day is a day to give thanks to them, and to remember all of America’s soldiers who have laid down their lives to defend our country. As we enjoy our barbecues with friends and families and loved ones, let’s keep them in our thoughts and in our prayers. – Mitt Romney, 5-28-12

  • Romney takes swipe at Obama’s foreign policy: President Barack Obama and Republican Mitt Romney both marked Memorial Day with speeches and politics wasn’t far below the surface…. – msnbc.com, 5-28-12
  • Romney promises world’s strongest military: Republican presidential candidate Mitt Romney promised Monday to maintain an American military “with no comparable power anywhere in the world.” The likely Republican presidential nominee faced a San Diego crowd estimated at 5000…. – AP, 5-28-12
  • Veterans Give Romney Big Lead Over Obama: US veterans, about 13% of the adult population and consisting mostly of older men, support Mitt Romney over Barack Obama for president by 58% to 34%, while nonveterans give Obama a four-percentage-point edge…. – Gallup.com, 5-28-12
  • Romney, McCain hold joint Memorial Day commemoration: Mitt Romney commemorated Memorial Day by honoring the nation’s veterans in this military-heavy city on Monday while arguing that the times are perilous and ensuring the United States’ military might was vital for global peace…. – LAT, 5-28-12

History Buzz March 9, 2012: Controversial “Game Change” based on the 2008 Presidential Election & GOP Candidates John McCain & Sarah Palin Premieres on HBO Saturday, March 10 @ 9PM

HISTORY BUZZ: HISTORY NEWS RECAP

History Buzz

By Bonnie K. Goodman

Ms. Goodman is the Editor of History Musings. She has a BA in History & Art History & a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University. Ms. Goodman has also contributed the overviews, and chronologies in History of American Presidential Elections, 1789-2008, 4th edition, edited by Gil Troy, Fred L. Israel, and Arthur Meier Schlesinger published by Facts on File, Inc. in late 2011.

HISTORY BUZZ: HISTORY NEWS RECAP

https://i2.wp.com/upload.wikimedia.org/wikipedia/en/a/af/Game_Change_2012_poster.jpg

IN FOCUS: GAME CHANGE ON HBO BASED ON MARK HALPERIN & JOHN HEILEMANN BOOK ON THE 2008 PRESIDENTIAL ELECTION & GOP CANDIDATES JOHN MCCAIN & SARAH PALIN

Game Change airs on HBO, Saturday, March 10, 2012 @ 9PM

Mark Halperin and John Heilemann, Game Change

“Hollywood lies are Hollywood lies. The film is based on a false narrative.” Palin told Fox News last week. She said she has no plans to see the film though she did catch the trailer. Her PAC even created its own “trailer” to counteract “Game Change,” dubbing the HBO film “fiction.”

  • Trying to Train and Contain a Candidate: “Game Change,” an engaging HBO docudrama about Gov. Sarah Palin’s 2008 run for the vice presidency, stars Julianne Moore as the Alaska governor with her eyes on the White House…. – NYT, 3-9-12
  • ‘Game Change’ debuts Saturday, draws criticism from Palin, McCain: HBO’s much anticipated movie adaptation of “Game Change,” the best-selling book by journalists Mark Halperin and John Heilemann about the 2008 presidential election, airs Saturday night. The film has drawn criticism from two of the major characters…. – WaPo, 3-9-12
  • Sarah Palin attacks HBO’s film ‘Game Change’ about Sarah Palin: Near the end of the HBO film “Game Change,” John McCain (Ed Harris) gives kudos to his running mate Sarah Palin (Julianne Moore) during his concession speech, calling her “one of the best campaigners I’ve ever seen.”
    “Still think she’s fit for office?” says senior campaign strategist Steve Schmidt (Woody Harrelson) to campaign manager Rick Davis (Peter MacNicol).
    “Who cares?” Davis responds. “In 48 hours, nobody will even remember who she is.”…. – Atlanta Journal Constitution, 3-7-12
  • Sarah Palin comes unhinged as star rises in ‘Game Change’: There is one thing the new HBO movie “Game Change” won’t alter after it airs on television in one week: Sarah Palin still will be loved by many Republican conservatives and loathed by liberal Democrats.
    In the controversial new TV movie that aims at a behind-the-scenes portrait of the former U.S. vice presidential candidate, Julianne Moore portrays Sarah Palin as a devoted Republican who lacks basic knowledge of world affairs and careens out of control.
    Adapted from parts of the bestselling book of the same name by journalists John Heilemann and Mark Halperin, “Game Change” dramatizes Republican John McCain’s 2008 presidential campaign and his choice of Palin as a running mate who was shaped into a political star, nearly leading to a nervous breakdown…. – Reuters, 3-2-12
  • Sarah Palin Takes Shots At HBO’s ‘Game Change’: Sarah Palin is firing back at the coming HBO docudrama “Game Change.” The former Alaska governor posted a video called “Game Change We Can Believe In” on YouTube that’s critical of the TV docudrama. The HBO film tells the story of the 2008 presidential campaign, focusing on John McCain’s failed bid for the White House alongside vice-presidential candidate Palin. In Palin’s YouTube parody, she labels the movie “Fact Change” and titles announce “we know the truth.” The clip also features real-life images of Palin that put her in a more positive light. In the movie, Palin is played by actress Julianne Moore…. – WSJ, 3-2-12
  • ‘Game Change’ Screenwriter Responds To Charges That Film Borrowed From Palin Biography: After concluding her debate with now-Vice President Joe Biden in the upcoming HBO movie “Game Change,” Sarah Palin tells John McCain’s campaign manager Steve Schmidt why McCain needs to definitely win the 2008 presidential election. “I so don’t want to go back to Alaska,” Palin says.
    The line, uttered by actress Julianne Moore, who portrays Palin in the film, echoes a similar one from a book about Palin — but it isn’t “Game Change,” the bestseller by Time’s Mark Halperin and New York magazine’s John Heilemann. Instead, a slight variation of the quote can be found in “Sarah From Alaska,” a book written by political reporters Scott Conroy and Shushannah Walshe, both of whom were embedded with Palin during her two months on the Republican ticket. “I just don’t want to go back to Alaska,” Palin says in “Sarah From Alaska” after the debate…. – Huff Post, 3-7-12
  • Moviegoers hail Julianne Moore’s Palin: Did DC’s political and media elite find Hollywood’s portrayal of “Game Change” and Sarah Palin fascinating? You betcha. HBO’s “Game Change” had its star-studded — for Washington, at least — premiere Thursday night in the Newseum with some of the town’s … – Politico, 3-9-12
  • Television review: ‘Game Change’: HBO’s surprisingly kind film about Sarah Palin’s run for vice president stars Julianne Moore and Ed Harris. “Game Change” with Julianne Moore and Ed Harris…. – LAT, 3-9-12
  • A star is born on ‘Game Change’ named Sarah Palin: A certain segment of the U.S. population will presumably shun “Game Change.’’
    As a warts-and-all portrayal of the 2008 campaign of GOP presidential candidate John McCain and his vice presidential running mate, Sarah Palin, this HBO film (premiering Saturday at 9 p.m. EST) has raised suspicions, and hackles, among Palin loyalists. Surely its mission is to trash her, they contend.
    Meanwhile, viewers from the other end of the political spectrum will tune in gleefully expecting the same thing: an evisceration of the world’s most famous hockey mom…. – AP, 3-8-12
  • Palin calls movie fiction Film portrays 2008 campaign: The hotly anticipated HBO movie Game Change airs this weekend just as former vice-presidential candidate Sarah Palin has audaciously reinserted herself into the American political scene, suggesting on so-called Super Tuesday she’d step in to save the Republican party if necessary.
    Palin has been complaining bitterly for weeks about the film, which airs Saturday and is based on the best-selling memoir of the same name about the 2008 presidential campaign. She’s demanded HBO add a fiction disclaimer to the movie that portrays her as ill-informed, inept and possibly mentally unstable; the cable giant has refused.
    Her political action committee recently released its own two-minute video, a mock movie trailer entitled Game Change We Can Believe In.
    It’s a collection of laudatory remarks about Palin by many of the same Republican strategists who later spoke of deep regret for pushing John McCain to tap the young, dynamic Alaska governor as his running mate in a high-stakes gamble to beat Barack Obama…. – Winniped Free Press, 3-9-12
  • Around the remote: Television picks for the week of March 4-10: “GAME CHANGE” – Like a master illusionist, actress Julianne Moore makes an incredible metamorphosis to become Sarah Palin in this compelling, behind-the-scenes look into John McCain’s 2008 presidential campaign…. – Kansas City Star, 3-4-12
  • HBO’s Game Change shows Sarah Palin out of her depth: There is one thing the new HBO movie Game Change won’t alter after it airs on television in one week: Sarah Palin will still be loved by many US Republican conservatives and loathed by American liberals…. – Ottawa Citizen, 3-3-12
  • ‘Game Change’ and Politics as Reality TV: There’s a great scene toward the end of HBO’s Game Change, the controversial and shamelessly entertaining movie about Sarah Palin and the 2008 presidential campaign, starring Julianne Moore as the Wasilla Windbag. A few of John McCain’s advisers hit … – RollingStone.com, 3-2-12
  • Game Change: Game Change is based on a small portion of the best-selling book of the same name by John Heilemann and Mark Halperin — the portion that eviscerates John McCain’s selection of Sarah Palin as his running mate in the 2008 presidential campaign…. – Entertainment Weekly, 3-2-12
  • ‘Game Change’ is unlikely to change minds about Sarah Palin: If you like the former vice presidential candidate, you will find the film to be offensive. If not, you are primed to enjoy it…. – USA Today, 3-8-12
  • Julianne Moore aims for ‘total immersion’: The 51-year-old Oscar-nominated actress portrays American politician and 2008 vice presidential candidate Sarah Palin in HBO’s political drama Going Rogue. The film based on the eponymous book by John Heilemann and Mark Halperin follows the 2008 US … – Belfast Telegraph, 3-2-12
  • Sarah Palin PAC unveils ‘trailer’ mocking HBO’s ‘Game Change,’: Sarah Palin has ripped the movie “Game Change,” which documents her 2008 bid for the vice presidency. Attention HBO: Sarah Palin won’t see your movie. But she will raise you a trailer…. – New York Daily News, 3-2-12
  • Sarah Palin: The big loser in ‘Game Change’: Predictably, Sarah Palin emerges as the big loser in HBO’s movie adaptation of “Game Change,” the best-selling book about the 2008 presidential race. The people in charge of the film could have done … – MarketWatch, 3-9-12
  • Dressing the Part: Julianne Moore as Sarah Palin in ‘Game Change’: The HBO movie “Game Change” has come under fire by Sarah Palin and her supporters for its characterization of her as a vice presidential candidate who was obstinate, out of her depth and even delusional. One aspect of the portrait that hasn’t been attacked: its costuming.
    “It’s a pretty easy thing to be uncontroversial about,” says director Jay Roach, whose team combed through reams of rally footage and rope line photos to source the clothes worn by Palin (played by Julianne Moore), John McCain (Ed Harris) and other members of the Republican team…. – WSJ, 3-9-12
  • Game Change: No one doubted that Julianne Moore would nail the physical details playing Sarah Palin in Game Change, about the Alaska governor’s astonishing explosion on the political scene in 2008 as John McCain’s running mate. So, yes, she does “the voice,” which … – People Magazine, 3-9-12

Campaign Buzz January 4, 2012: Senator & 2008 GOP Presidential Nominee John McCain Endorses Mitt Romney for 2012 GOP Republican Presidential Nomination

CAMPAIGN 2012

By Bonnie K. Goodman

Ms. Goodman is the Editor of History Musings. She has a BA in History & Art History & a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University. Ms. Goodman has also contributed the overviews, and chronologies in History of American Presidential Elections, 1789-2008, 4th edition, edited by Gil Troy, Fred L. Israel, and Arthur Meier Schlesinger to be published by Facts on File, Inc. in late 2011.

CAMPAIGN BUZZ 2012

Richard Perry/The New York Times

Senator John McCain endorsed Mitt Romney in Manchester, N.H. on Wednesday. More Photos »

IN FOCUS: JOHN MCCAIN ENDORSES MITT ROMNEY FOR 2012 GOP PRESIDENTIAL NOMINATION

McCain endorses Romney for the 2012 GOP presidential nomination: Sen. John McCain (R-Ariz.), the 2008 GOP presidential nominee, endorsed former Massachusetts governor Mitt Romney for the 2012 Republican nomination in New Hampshire on Wednesday.
“It’s with some nostalgia that I return to this place that I love so well, but I am really here for one reason and one reason only and that is to make sure that we make Mitt Romney the next president of the United States of America,” said McCain, who won the New Hampshire primary in 2000 and 2008. “And New Hampshire is the state that will catapult him to victory in a very short period of time.”

  • John McCain to endorse Mitt Romney in New Hampshire: John McCain, the Republican presidential nominee in 2008 and a two-time winner of the New Hampshire primary, plans to endorse Mitt Romney today in the nation’s first primary state, sources close to the Arizona … – LAT, 1-4-12
  • GOP official: John McCain to endorse Mitt Romney for Republican presidential nomination: A Republican official says that 2008 GOP nominee John McCain is endorsing Mitt Romney for the party’s 2012 nomination. The official was not authorized to speak publicly about the endorsement and requested anonymity to discuss it. … – WaPo, 1-4-12
  • McCain Expected to Endorse Romney in New Hampshire: Senator John McCain of Arizona is expected to endorse Mitt Romney on Wednesday in New Hampshire, giving the former Massachusetts governor a boost at a critical moment in the campaign…. – NYT, 1-4-12
  • Santorum says ‘moderate’ McCain’s endorsement of Romney not a surprise: In an interview with CNN’s Wolf Blitzer early Wednesday morning, former senator Rick Santorum (R-Pa.) said he has “nothing but respect” for Sen. John McCain and congratulated former Massachusetts governor Mitt Romney (R) on winning … – WaPo, 1-4-12
  • McCain to Endorse Romney: Sen. John McCain, the 2008 Republican presidential nominee, will endorse Mitt Romney for the party’s 2012 nomination, a GOP official said. Mr. McCain’s endorsement is scheduled to be announced Wednesday, the official said. … – AP, WSJ, 1-4-12
  • McCain to endorse Romney in NH: Arizona Sen. John McCain is expected to endorse Mitt Romney on Wednesday according to reports. McCain, the GOP’s 2008 presidential nominee will travel to New Hampshire to endorse Romney… – The Hill, 1-4-12

Political Highlights: Best Political Quotes of 2011

POLITICAL HIGHLIGHTS

OBAMA PRESIDENCY & THE 112TH CONGRESS:

Year in Quotes: White House and Congress

Source: WoodTV, 12-22-11

‘The world is safer’

“It’s like lighting the match that could burn down the house.”–Sen. Mark Warner, D-Va., describing a scenario in which a debt ceiling agreement was not met by May. April, 2011

“It’s not going to get easier, it’s going to get harder. So we might as well do it now. Pull off the Band-Aid. Eat our peas.”–President Obama, in a press conference urging House and Senate leadership to come together to pass a debt ceiling bill. July, 2011

“Get your ass in line. I can’t do this job unless you’re behind me.”–House Speaker John Boehner, R-Ohio, to fellow Republicans who were holding out against his debt ceiling deal for one with more spending cuts. July, 2011

“I strongly believe that crossing the aisle for the good of the American people is more important than party politics. I had to be here for this vote. I could not take the chance that my absence could crash our economy.” –Rep. Gabrielle Giffords, D-Ariz., after returning to the House chamber to cast her vote for the debt ceiling bill. It was her first appearance to Congress since she was shot in the head in Jan. 8, 2011. August, 2011

“At a time when spending is out of control, giving the federal government more money would be like giving a cocaine addict more cocaine.” –Speaker Boehner, in response to the president’s proposed deficit reduction plan. September, 2011

“After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.”–Rep. Jeb Hensarling, R-Texas, and Sen. Patty Murray, D-Wash., co-chairs of the debt “supercommittee,” a congressional group tasked with identifying $1.2 trillion in deficit reduction. November, 2011

“The world is safer. It is a better place because of the death of Osama bin Laden.”–President Barack Obama, hours after U.S. forces killed the al-Qaida leader in the middle-of-the-night raid on his compound in Abbottabad, Pakistan. May, 2011

“All I will say is that for three years the president has been harvesting the successes of the very strategy that he consistently dismissed as a failure. I imagine that this irony was not lost on a few of our troops at Fort Bragg today, most of whom deployed and fought as part of the surge.”–Sen. John McCain, R-Ariz., after President Obama marked the end of the Iraq War at Fort Bragg, N.C. December, 2011

“I’m not sure I want to put national, federal resources into trying to figure out who posted a picture on Weiner’s website, uh, whatever. I’m not really sure it rises, no pun intended, to that level.”–Rep. Anthony Weiner, D-N.Y., as a media storm continued to swirl surrounding a lewd photo sent from his Twitter account to a female college student in Seattle. June, 2011

“There isn’t anything that I can imagine doing after this that would be as demanding, as challenging or rewarding.”–Secretary of State Hillary Clinton, after indicating she would step down in 2012. March, 2011

Political Buzz US Economy in Crisis August 7, 2011: Asian Markets Sink — Reactions to S&P, Standand & Poor’s Downgrade of US Credit Rating from AAA to AA+

POLITICAL BUZZ

By Bonnie K. Goodman

Ms. Goodman is the Editor of History Musings. She has a BA in History & Art History & a Masters in Library and Information Studies from McGill University, and has done graduate work in history at Concordia University.

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

 

G7 says committed to ensure liquidity, support markets: The Group of Seven nations is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth, G7 finance ministers and central bank governors said in a statement…. – Reuters, 8-7-11

“These actions, together with continuing fiscal discipline efforts will enable long-term fiscal sustainability. No change in fundamentals warrants the recent financial tensions faced by Spain and Italy. We welcome the additional policy measures announced by Italy and Spain to strengthen fiscal discipline and underpin the recovery in economic activity and job creation.” — G7 Statement

“It takes awhile. Our concerns are centered on the political side and on the fiscal side. It would take a stabilization of the debt as a share of the economy and eventual decline, and it would take, I think, more ability to reach consensus in Washington than what we’re observing now.” — John B. Chambers, the managing director of Standard & Poor’s

“Raising taxes is what ‘balanced plan’ means, that is plain to every American by now. The administration wants to raise taxes so they can permanently implant a larger level of spending. They have increased domestic discretionary spending 24 percent in two years. This is unthinkable. So we’ve got a problem — we’ve got to bring that spending down, not increase the burden on the private sector.” — Senator Jeff Sessions of Alabama, the top Republican on the Senate Budget Committee

“One has to find understandable their pessimism about our inability to come together on the most important issue facing our country, which is how do we create jobs. We need a balanced approach and the extremism, the Tea Party obstructionism here in Washington, is keeping us from restoring that balanced approach America has always used of investing in the future, investing in job creation, and also being fiscally responsible at the same time.” — Gov. Martin O’Malley of Maryland, the chairman of the Democratic Governors Association on the ABC program “This Week”

“Republicans are having to respond to this very, very strident group that is pulling them away and believes that compromise is a dirty word. That is a prescription for failure.” — David Axelrod, Obama’s longtime political adviser on the CBS program “Face the Nation”

“The Tea Party hasn’t destroyed Washington — Washington was destroyed before the Tea Party got there. The hope is that the Tea Party and middle-of-the-road people can find common ground to turn this country around before we become Greece. I hope we can.”
“People are not creating jobs in this country because they think Howard Dean is going to raise their taxes. If you want to create jobs, don’t raise anyone’s taxes. Try to lower spending like the Tea Party and other people up here want.” — Senator Lindsey Graham, Republican of South Carolina

“I think the Standard & Poor’s downgrade is a good thing because I think it underlines the fact that you cannot get out of this without raising revenues. You cannot get out of this without raising revenues. It is impossible, and the vast majority of the American people want us to raise revenues — particularly on all those gazillionaires the Republican tax cuts mostly benefit.” — Howard Dean, the former Vermont governor and former chairman of the Democratic National Committee

“Clearly, I’m not very surprised by this downgrade. We more or less saw this coming because we’re on the wrong fiscal path. We’ll find out tomorrow what kind of spike in rates we’re going to get. But, obviously, not only does it hurt the federal government in its ability to close the deficits, but it hurts people. You know, car loans, home loans, all these things are going to go up. And so, it’s because Washington has not gotten its fiscal house in order. To me, this is more vindications of our action.” — Representative Paul D. Ryan of Wisconsin, the Republican chairman of the House Budget Committee on “Fox News Sunday”

“I think it’s really — it’ll sound strange for me to say it — an outrageous move. The government can pay its debts. It’s legally obligated to do so. It’s got the wherewithal to do it. In a larger sense about the economy, I think the U.S. economy is in a perilous state. This recovery has been the worst from a severe recession since the Great Depression, but I am surprised S.& P. would play politics. The U.S. government can pay the interest and principle on the bonds.” — Steve Forbes, the chief executive of the company that publishes Forbes magazine and a former Republican presidential candidate on the CNN program “State of the Nation”

Candidates Give Obama an F for AA+ Rating: The Republican presidential candidates on Saturday seized on the first-ever downgrade of the nation’s credit rating as a new line of criticism against President Obama, suggesting that ultimate responsibility rested in the Oval Office even though the rating agency, Standard & Poor’s, cited the overall political gridlock in Washington as a major cause for its decision…. – NYT, 8-6-11

“It happened on your watch, Mr. President. You were AWOL. You were missing in action…. I’m calling on the president of the United States to come back to the White House, address the American people before the markets open on Monday and give us his positive plan for putting the ratings back up to the AAA rating…. Last night, we had our day of reckoning. Eventually it hits the fan…. “The responsibility is of those in Washington, D.C., who put the deal together. But the real problem in all of this is that President Obama has failed to give leadership on this issue.” Michele Bachmann, the Minnesota representative and Tea Party caucus leader

“What we should be talking about is downgrading Barack Obama from president of the United States.” — Former Gov. Tim Pawlenty of Minnesota campaigned in Grinnell on Saturday

    • At a glance: The US credit downgrade: Markets around the world are set to react Monday to the downgrade of the U.S. credit rating Friday. A look at the downgrade, why it happened and what it means:
      WHAT HAPPENED:
      Credit rating agency Standard & Poor’s lowered the U.S. government’s credit rating for the first time Friday, from the top AAA rating to AA+. That affects long-term debt, which means government securities that have terms of more than one year.
      WHY THE DEBT WAS DOWNGRADED:
      S&P blamed political deadlock in Washington that threatens to keep the country from dealing effectively with its debt.
      WHAT IT MEANS FOR THE GOVERNMENT:
      In theory, a lower credit rating should lead to higher interest rates for U.S. debt. Buyers of government securities can demand higher rates because the lower rating means they are taking on more risk. In reality, Treasury bonds will still be considered among the safest and most liquid investments in the world, and any rise in rates is likely to be muted…. – AP, 8-7-11
    • Asian stock markets sink after US credit downgrade: Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government’s credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.
      Oil prices extended recent sharp losses, trading below $84 a barrel on expectations that weaker global growth will crimp demand for crude. The dollar was lower against the yen and the euro.
      Among the major Asian markets, Hong Kong’s Hang Seng tumbled 4 percent to 20,100.20 and South Korea’s Kospi crumpled 6.7 percent to 1,814.100. Japan’s Nikkei 225 stock average dropped 2.5 percent to 9,067.88.
      Futures pointed to losses on Wall Street when it opens Monday. Dow futures were off 258 points, or 2.3 percent, at 11,144 and broader S&P 500 futures shed 28.8 points, or 2.4 percent, to 1,169.00.
      “It’s not Armaggedon, but it feels like it,” said Hong Kong-based analyst Francis Lun, adding that he foresees the territory’s Hang Seng index to sink below 19,000 — a decline of a further 5 percent — before making any kind of comeback…. – AP, 8-8-11
    • Asian stocks slide after US debt downgrade: Asian stocks fell on Monday after last week’s historic downgrade of the United States’ credit rating, which compounded concerns over the world’s biggest economy as well as the global outlook.
      The falls were echoed by big losses in oil while gold surged to another record as investors moved out of risky assets…. – AP, 8-8-11
    • Geithner says he will stay at Treasury: Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary, ending speculation he would leave the administration…. – AP, 8-7-11
    • U.S. Stock Futures Fall on S&P Downgrade: U.S. stock futures declined, following the biggest weekly drop in the Standard & Poor’s 500 Index since 2008, amid concern that a downgrade of the nation’s credit rating by S&P may worsen an economic slowdown.
      S&P 500 futures expiring in September declined 2.1 percent to 1,172.3 at 7:03 a.m. in Tokyo. Dow Jones Industrial Average futures lost 253 points, or 2.2 percent, to 11,149.
      The downgrade threatens to extend a rout in U.S. stocks that wiped out $1.94 trillion in market value and erased the S&P 500’s gain for the year. S&P lowered the U.S. long-term rating one level to AA+ after markets closed on Aug. 5 while keeping the outlook at “negative” as the ratings company becomes less confident Congress will end Bush-era tax cuts or tackle entitlements…. – Businessweek, 8-7-11

“This is a problem that has to be addressed by the full spectrum of political parties. You’ve got a position here where the debt is on a rising share if you measure it against GDP. The plan that has been put forward and we think will be adopted gets you part of the way there but it doesn’t get you all the way there. And we don’t see in the next few years a consensus forming that will get you the rest of the way.” — John Chambers, chairman of Standard & Poor’s sovereign debt committee

  • S&P’s Chambers Says U.S. Debt Problems Need Bipartisan Solution: U.S. lawmakers need to come together as they did for a 1980s overhaul of Social Security and compromise on the medium-term consolidation of the country’s fiscal position, said John Chambers, chairman of Standard & Poor’s sovereign debt committee…. – Bloomberg, 8-7-11
  • G7 gives first sign ready to battle crisis: Political and financial leaders gave their first sign of readiness to battle a debt crisis gone global when the European Central Bank signaled on Sunday it would start buying Italian and Spanish debt, a critical move to quell a bond rout that has rocked financial markets.
    The European Central Bank decision would be aimed at calming markets grown increasingly doubtful about Europe’s ability to deal with its debt issues, a strikingly parallel concern to that which led ratings agency Standard & Poor’s to knock U.S. debt down from “risk free” AAA status to AA-plus.
    Meanwhile, finance chiefs from Group of Seven industrial nations were to confer by telephone late on Sunday– and possibly issue a statement afterward — to try to soothe anxious investors after a week in which $2.5 trillion of market value was wiped out…. – Reuters, 8-7-11
  • Dollar Weakens to Record Versus Franc as S&P Lowers U.S. Rating: The dollar dropped to a record low against the Swiss franc and fell for a second day versus the yen after Standard & Poor’s downgrade of the U.S. added to concern the fiscal health of the world’s biggest economy is slipping.
    The greenback weakened against the euro before the Federal Reserve meets tomorrow on monetary policy after S&P cut the U.S. one level on Aug. 5. The euro also advanced after the European Central Bank signaled it’s ready to start buying Italian and Spanish bonds to curb the region’s debt crisis. The yen gained against most major peers as Asian shares slid for a fifth day, supporting demand for Japan’s currency as a refuge…. – Bloomberg, 8-8-11
  • U.S. 10-Year Treasury Yield Retraces Decline: Benchmark 10-year U.S. Treasury bonds retraced early losses Monday to rise above Friday’s closing levels, despite the unprecedented downgrade by Standard & Poor’s of its rating on U.S. government debt.
    Analysts said a pledge early Monday from the Group of Seven industrialized nations to prevent market volatility, along with concerns about the euro-zone debt crisis and the possibility of a global economic downturn, was keeping demand for Treasurys strong…. – WSJ, 8-8-11
  • What the Move on U.S. Credit Means for Everyday Investors: The move by Standard & Poor’s to cut the U.S. credit rating to double-A-plus added more uncertainty to global markets already buffeted by concerns over debt crises and slowing economic growth. Here are answers to some of the most important questions facing investors…. – WSJ. 8-7-11
  • How to Get That AAA Rating Back: Reagan inherited economic problems and fixed them. Obama’s strategy is to blame Bush and Standard & Poor’s…. – WSJ, 8-7-11
  • S&P executive: 1 in 3 chance of future downgrade: A top political adviser to President Barack Obama blamed the downgrade of the U.S. credit rating on tea party Republicans, whom he said were unwilling to compromise on how to reduce the federal debt.
    Obama campaign strategist David Axelrod told CBS’ “Face the Nation” on Sunday that the decision by the Standard & Poor’s credit agency to downgrade the U.S. from AAA to AA+ for the first time was strongly influenced by weeks of standoff between Democrats and Republicans over the debt…. – AP, 8-7-11
  • Greenspan sees stock market drop after downgrade: Former Federal Reserve Chairman Alan Greenspan says he expects the stock market slide to continue in the wake of a decision by credit rating agency Standard & Poor’s to downgrade the U.S. credit rating.
    Appearing Sunday on NBC’s “Meet the Press,” Greenspan said markets will take time to bottom out and that he expects a negative reaction on Monday to the S&P action…. – AP, 8-7-11
  • Kerry, McCain say bipartisan work needed post-S&P downgrade, differ on who to blame: Two senators and former presidential candidates say Standard & Poor’s decision to downgrade the U.S. credit rating speaks to the need for more bipartisan compromise — but they also say the blame lay with the other party.
    John Kerry was the Democratic nominee for president in 2004, and John McCain was the Republican nominee in 2008.
    Appearing Sunday on NBC’s “Meet the Press,” Kerry called S&P’s decision a “tea party downgrade.” The Massachusetts Democrat says he believes that tea party supporters in the House are holding up progress.
    McCain says he too would like to see more cooperation, but the Arizona Republican says President Barack Obama is at fault. McCain says the president failed to lead and did not present a clear plan during the debt-ceiling debate…. – AP, 8-7-11
%d bloggers like this: