#TXSen: A Cruz In The Summer Of Discontent

cruz

From Italian Tomatoes on Blog Talk Radio

The Senate Race That Is Turning The GOP Upside Down

The final chapter of the Texas Senate primary, long delayed due to court antics, will take place on July 31. If the polls are to be believed, former Solicitor General Ted Cruz will trounce Lieutenant Governor David Dewhurst.

This outcome would have been nearly unthinkable a year ago. The Lieutenant Governor’s post has immense power in the Texas scheme of things, and one does not lightly cross its occupant.

But times have changed. Cruz, a young (42), dynamic super-lawyer with an impeccable resume and, more importantly, a habit of listening to the Tea Party, is about to carry off the prize. In addition to generational change (Dewhurst is 67), the prospect of another Hispanic star is not to be underestimated in the ever-fascinating landscape of Texas politics.

Tune in to the podcast of Italian Tomatoes on Blog Talk Radio for a lively discussion of the dynamics of the race!

Did You Get Your Money's Worth From Congress Last Week?

gold-dollar-sign

Money’s Worth | July 30, 2012
By Bankrupting America

The House and the Senate were in session last week.

The Senate passed legislation that would extend the 2001 and 2003 tax cuts for American families that earn $250,000 and less a year. (Taxes would increase for all other income brackets.) Republicans had offered a plan to extend the tax cuts for all income earners, but that measure failed on a 45-54 vote.

The House passed legislation that says no federal agency can “take any significant regulatory action” until the U.S. unemployment rate falls below 6 percent. According to Bloomberg/Businessweek the legislation would apply to “any regulation with a projected economic cost of at least $50 million, as well as to regulations determined by the Office of Management and Budget’s Office of Information and Regulatory Affairs to have a materially negative effect on jobs, public health and safety, local and state governments, or the environment.”

What you paid

Last week taxpayers spent roughly $100 million on Congress.  Click here for the full breakdown.

What you got

In addition to the legislation noted above, the House voted to pass five bills that will save taxpayers approximately $560 million over 10 years:[list type="arrow"] [li]

  • H.R. 459, To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012. COST: $5 million over 2 years
  • H.R. 6082, Congressional Replacement of President Obamas Energy-Restricting and Job-Limiting Offshore Drilling Plan.SAVINGS: $565 million over 10 years
  • H.R. 3477, To designate the facility of the United States Postal Service located at 133 Hare Road in Crosby, Texas, as the Army First Sergeant David McNerney Post Office Building. COST: $0
  • H.R. 2039, To allow a State or local government to construct levees on certain properties otherwise designated as open space lands.COST: Unknown
  • H.R. 2362, Indian Tribal Trade and Investment Demonstration Project Act of 2011. COST: $0

[/li] [/list]

During the debate on the FY2013 defense spending bill, on roll call votes the House rejected 14 amendments to cut spending and approved 3 amendments to cut spending.

In addition to vote discussed above, the Senate began debate on a cybersecurity bill and confirmed Michael A. Shipp to be U.S. District Judge for the District of New Jersey.

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Will the LIBOR Scandal Help Re-Elect Obama?

Timothy Geithner

American Spectator -

It could also give regulators even more power to misuse.

Will the continuing scandal over LIBOR insure Barack Obama’s re-election in November? It’s a distinct possibility.

There is considerable irony in the controversy over the benchmark London Interbank Offered Rate, which cost Barclays Bank a $450 million fine for rigging between 2005 and 2008.

Not the least of that irony is that regulators on both sides of the Atlantic have just begun to wonder how widespread the practice became after 2008 when international banking plunged into its greatest turmoil and when the Obama presidency began. Not to mention the role that the U.S. Federal Reserve and the Bank of England played in abetting the fraud both before and after Mr. Obama took office.

More

Jobs Or Judicial Show Votes?

Despite ‘Stalling’ Economy, Dems Relitigate Settled Practice On Judicial Process

 

SEN. REID: ‘In A Presidential Election Year, It Is Always Tough For Judges’

 

CRS: “The Senator who most frequently has asserted the existence of a Thurmond rule has been the current chairman of the Judiciary Committee, Patrick J. Leahy.” (“Nomination And Confirmation Of Lower Federal Court Judges In Presidential Election Years,” Congressional Research Service, 8/13/08)

 

·         “…a long-running practice employed by a Senate minority in an election year…” (Politico, 6/14/12)

 

·         “…following the precedent set by Democrats, who cut off circuit court nominees in June 2004 and 2008…” (Roll Call, 7/30/12)

 

SEN. PAT LEAHY (D-VT): “I want to be bi-partisan. We will institute the Thurmond Rule.” (Sen. Leahy, Remarks, Georgetown University, Washington D.C., 12/13/06)

 

·         LEAHY: “It is a rule that we still follow, and it will take effect very soon here.” (Sen. Leahy, Congressional Record, S.1731, 3/7/08)

 

·         LEAHY: “…we are now [June 12] way past the time of the Thurmond Rule…” (Sen. Leahy, Judiciary Committee, 6/12/08)

 

SEN. HARRY REID (D-NV): “In a Presidential election year, it is always very tough for judges. That is the way it has been for a long time, and that is why we have the Thurmond rule and other such rules.” (Sen. Reid, Congressional Record, S.2829, 4/10/08)

 

·         REID: “June is fast approaching. I believe that is the time set forth in the Thurmond doctrine.” (Sen. Reid, Congressional Record, S.3012, 4/15/08)

 

Despite ‘Weak,’ ‘Sluggish’ Economy; ‘Paltry’ Job Creation

 

BEA: “Real gross domestic product … increased at an annual rate of 1.5 percent in the second quarter of 2012…” (“Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago,” Bureau Of Economic Analysis, 7/27/12)

 

·         “Economy weak in second quarter … The U.S. economy has never been so sluggish this long into a recovery.” (USA Today, 7/27/12)

 

·         “The slowdown in growth adds to worries that the economy could be stalling…” (AP, 7/27/12)

 

Current Unemployment Rate 8.2% (Bureau Of Labor Statistics, Accessed 7/6/12)

 

·         “Employers added a paltry 80,000 jobs last month…” (The Washington Post, 7/6/12)

 

·         “The downbeat report is likely to put pressure on the Federal Reserve, Congress and the White House to do more to stimulate economic growth and new jobs.” (The Washington Post, 7/6/12)

 

President Obama’s Nominees Have Been Treated Fairly

 

32 of President Obama’s nominees have been confirmed so far in 2012. (“112th Congress-Confirmed Nominees,” The U.S. Department Of Justice, Accessed 7/10/12; PN1132, PN1196, PN1197, & PN1203)

 

·         5 of President Obama’s Circuit Court nominees have been confirmed so far in 2012: PN864, PN919, PN985, PN1049, PN1104

 

28 of President Bush’s nominees were confirmed in all of 2008. (“110th Congress-Confirmed Nominees,” The U.S. Department Of Justice, Accessed 7/10/12)

 

·         4 of President Bush’s Circuit Court nominees were confirmed in all of 2008: PN1560, PN1484, PN766, PN343

#NVSen Update: Voters in Northern Nevada are Skeptical of Politicians from the South like Embattled Congresswoman Shelley Berkley

In Nevada, the Las Vegas Review-Journal writes that voters in Northern Nevada are skeptical of politicians from the South like embattled Congresswoman Shelley Berkley.  Berkley has a New York accent and a flashy Vegas style that doesn’t sit well with some of Washoe’s more down-home residents. Up North, residents enjoy a good rodeo or chili cook-off and bask in the glory of the Truckee River, Lake Tahoe and the Sierras. They tend to be more conservative and take life a little slower than on the neon-flooded Strip, where Berkley once worked as a cocktail waitress.  Berkley also is running her get-to-know-you campaign in Washoe in the shadow of a House ethics investigation. 

 

  • Meanwhile, the Cook Political Report says that Berkley’s ethics cloud will hurt her with voters in the Northern part of the state.  The ethics investigation will be more problematic in the northern part of the state where voters don’t know her and are often skeptical of Las Vegas area politicians.

 

  • Finally, the Las Vegas Sun reports that embattled Congresswoman Shelley Berkley continues to rely on the kidney care industry to fund her flailing campaign.  Rep. Shelley Berkley has continued to rely on the kidney care industry as a substantial source of campaign funds in her U.S. Senate bid despite the ongoing ethics investigation into whether she pushed policies beneficial to the industry to help her husband’s medical practice.  According to a Las Vegas Sun review of Berkley’s campaign finance reports, she has collected nearly $113,000 from nephrologists, dialysis companies and other kidney care professionals since launching her Senate campaign last year.

#NESen Update: Nebraska Farm Bureau Endorsed Deb Fischer

In Nebraska, Nebraska Television reports that the Nebraska Farm Bureau endorsed Deb Fischer.  As a Valentine rancher, State Senator Deb Fischer’s campaign has energized farmers.  Farm Bureau President Steve Nelson said, “Really understands ag, understands farming and ranching, spent adult life in ranching and really understands the issues we face.  And now the state’s biggest farm group is officially endorsing Fischer.  She said, “Everyone who runs for office would like to have Farm Bureau endorsement. Agriculture is the biggest economic engine in the state of Nebraska.”

 

CLICK HERE TO WATCH THE VIDEO

 

 

  • Meanwhile, Deb Fischer responds to Senator Ben Nelson’s letter in the Omaha World-Herald by telling him that it’s time for the federal government to sell federal grazing land.  In response to Sen. Ben Nelson’s July 18 letter, in which he questions my commitment to reform the federal grazing lease program that my husband’s family has participated in since the 1950s, I have consistently said that all options must be on the table in order to address our fiscal crisis, including the federal grazing lease program.  I believe the best option is for the federal government to sell federal grazing land through open public auctions.

 

  • Additionally, the Associated Press reports that Deb Fischer toured the wildfires that is damaging property in her legislative district.  Republican Deb Fischer this week toured a northern Nebraska area the size of Omaha that has been burned by wildfire.  Fischer has called for Congress to “further reduce the regulatory burden to provide immediate assistance.” 

 

  • Finally, Bloomberg reports that Bob Kerrey’s liberal allies in New York City have formed a Super Pac for him.  New York is working on Bob Kerrey in Nebraska.  A super-PAC funded partly by New York financiers is aiding Kerrey’s Democratic bid to win a Nebraska U.S. Senate seat with television and radio ads critical of his Republican opponent.

#NMSen Update: Heather Wilson Accurately Claims that Liberal Congressman Martin Heinrich Voted for the Job-Killing Medical Device Tax

In New Mexico, KOB-TV in Albuquerque reports that Heather Wilson accurately claims that liberal Congressman Martin Heinrich voted for the job-killing medical device tax.  New Mexico’s race for the open United States Senate seat, from which Democrat Jeff Bingaman is retiring at the end of the year, is heating up rapidly.  Republican Heather Wilson is on television with her first advertisement attacking Democrat Martin Heinrich.  The ad rips Heinrich for his votes on a medical devices tax , which was part of President Obama’s health care package.  “Martin Heinrich warned the new medical device tax would burden small business and lead to job losses, but he voted for it anyway,” the ad’s narrator says.  That much is true. … The ad correctly states Heinrich later voted against repealing the tax.  “Martin Heinrich knowingly puts his left wing politics before jobs,” the ad says. “That’s too extreme for New Mexico.”

 

CLICK HERE TO WATCH THE VIDEO

The original ad “Knowingly”:

 

  • Meanwhile, Heather Wilson penned an op-ed to the Albuquerque Journal reminding voters how important the medical device industry is to New Mexico.  If you have ever had your eyes checked, there’s a good chance the eye doctor used medical devices from Richmond Products. They sell more than 2,000 eye exam products to 1,000 clients around the world from their small building in southeast Albuquerque.  I visited them in June and reaffirmed a strong conviction: The health care act was a mistake. It raises taxes, cuts Medicare, costs more and makes Washington more involved in our lives.

#MASen Update: Former Boston Mayor Ray Flynn Appears in a Commercial Supporting Scott Brown

In Massachusetts, the Boston Herald reports that former Boston Mayor Ray Flynn appears in a commercial supporting Scott Brown, because he’s able to reach across the aisle to get things done.  Former Boston Mayor Ray Flynn appears in a TV ad debuting today praising U.S. Sen. Scott Brown — the latest attempt by the Republican incumbent to portray himself as an across-the-aisle team player.  “Scott Brown is a person that I have a great admiration for,” Flynn says in the 30-second spot where he’s seated on the living room couch of his Southie home. “I have found him to be a regular guy, honest, hardworking. He’s also an independent voice.”  Flynn was the Democratic Hub mayor from 1984 to 1993. 

 

CLICK HERE TO WATCH THE VIDEO


 

  • Meanwhile, Brown is out with another radio report where he wishes the Bay State Olympians good luck in the 2012 Olympics.  With the 2012 summer games officially underway in London, the Brown campaign today launched its latest Scott Brown Radio Report, called “Olympics.” The statewide radio ad will begin running today. … This year, Brown says he will be cheering on gymnast Aly Raisman from Needham, cyclists Shelley Olds from Groton and Evelyn Stevens from Acton and Karen O’Connor, an equestrian from Bolton. Yesterday, Raisman was the top scorer for the U.S. women gymnastics team with a total of 60.391 points, and will represent the United States in Thursday’s all-around competition.

#NVSen: Sen. Heller Visits Reno Candy Company, Working Hard for Small Business

From KTVN:

Nevada Senator Dean Heller visited Kimmie Candy Company after its CEO Joseph Dutra sent samples of candy to Nevada Representatives.

Dutra says he’s honored to have Sen. Heller visit the small business, and says he wants elected leaders in officer who support companies like his.

“We need a government that pushes for small business, for business in general and we want the businessmen to feel like they’re the kings of the world because they take the biggest risk trying to make a business work,” says Dutra.

Senator Heller says he favors legislation that extends tax breaks for all Americans past the end of the year.

He says it would help small businesses like Dutra’s create jobs.

KTVN Channel 2 – Reno Tahoe News Weather, Video –

Spending Daily | July 30, 2012

16 Trillion in Debt cartoon

Bankrupting America’s Cartoon Highlighting National Debt

As seen in Politico’s Morning Money  ”MONDAY FUNNIES - Bankrupting America has a new cartoon using the Olympics to highlight the size of the U.S. debt: http://bit.ly/MNMfAR.”
Entitlements leaving us with “an infrastructure unfit for a 21st-century economy”
In a New York Times editorial, Bill Keller examines a study on entitlement spending in the U.S. by Democratic think tank Third Way. He writes, “In 1962, we were laying down the foundations of prosperity. About 32 cents of every federal dollar, excluding interest payments, was spent on investments, only 14 percent on entitlements. In the mid-70s the lines crossed. Today we spend less than 15 cents on investment and 46 cents on entitlements. And it gets worse. By 2030, when the last of us boomers have surged onto the Social Security rolls, entitlements will consume 61 cents of every federal dollar, starving our already neglected investment and leaving us, in the words of the study, with ‘a less-skilled work force, lower rates of job creation, and an infrastructure unfit for a 21st-century economy.’”
$1 Trillion Deficit for 5th Straight Year
The Washington Times reports, “The federal government will flirt with its fifth-straight trillion-dollar deficit next year and is still on track to notch $25 billion in debt within a decade, the Obama administration predicted on Friday as it released an update of the country’s fiscal picture. Spending in 2012 is actually running at a slower pace than the White House predicted in February, but will still reach $1.2 trillion — a fourth straight year. And the deficit for 2013 is now projected to be $991 billion, which is nearly 10 percent deeper than President Obama predicted in February when he sent his budget to Congress.”
Healthcare Law Does Little to Address Doctor Shortage
The New York Times reports, “The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. … Experts describe a doctor shortage as an ‘invisible problem.’ Patients still get care, but the process is often slow and difficult. … Moreover, across the country, fewer than half of primary care clinicians were accepting new Medicaid patients as of 2008, making it hard for the poor to find care even when they are eligible for Medicaid. The expansion of Medicaid accounts for more than one-third of the overall growth in coverage in President Obama’s health care law.
Unemployment to Remain High for a Decade
Politico reports, “The numbers that have the White House projecting an unemployment rate dipping below 8 percent before November still show the economy struggling to recover until well after the next presidential election, with rates not expected to stabilize to pre-recession levels until after the second term President Obama is hoping to win. …The OMB, in its Mid-Session Review to Congress released Friday, projects unemployment will drop gradually, to 7.7 percent in 2013, 7.3 percent in 2014, 6.7 percent in 2015, 6.2 percent in 2016, 5.7 percent in 2017 and remaining at 5.4 percent from 2018 to 2022.”
Euro Zone a Sinking Ship
Reuters reports, “Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a ‘make-or-break’ month as policymakers run desperately short of options to save the common currency. … ”‘In nearly 20 years of dealing with EU issues, I’ve never known a state of affairs like we are in now,’ one euro zone diplomat said this week. ‘It really is a very, very difficult fix and it’s far from certain that we’ll be able to find the right way out of it.’ … The euro zone does not seem to have enough cash in the current setup to deal with a scenario of Spain and Italy needing a rescue, and a sense of doom is growing among some policymakers. Fighting the crisis, said the euro zone diplomat, is like trying to keep a life raft above water. ‘For two years we’ve been pumping up the life raft, taking decisions that fill it with just enough air to keep it afloat even though it has a leak. But now the leak has got so big that we can’t pump air into the raft quickly enough to keep it afloat.’”
Uncertainty Yields Severe Economic Pessimism
In The Washington Post, Robert J. Samuelson editorializes, “Just as ‘irrational exuberance’ drove the economic boom, so the bust is sustained by an almost-pathological and self-fulfilling pessimism. The unspoken faith in economics — that governments could prevent another Great Depression and ensure that recessions, though unavoidable, are limited — has given way to profound skepticism. … Low confidence will subvert recovery; an aborted recovery will subvert confidence. Whoever wins in November will face this cycle. His challenge will be to break it.”
Spending Cuts Showdown
Roll Call reports, “There’s no doubt that in the coming months, lawmakers will issue breathless warnings about the looming ‘fiscal cliff.’ But what is in question is who will win a policy and political battle that’s played out in déjà-vu-like ways during the past two years — if anyone can win at all. Although sequestration, the automatic across-the-board discretionary spending cuts set to kick in starting in January, is the name of the current game, Democrats and Republicans are preparing to articulate their differences using talking points on revenues and spending cuts they’ve honed this Congress through a series of fiscal crises largely of their own making. And with relatively few legislative days left between now and the elections, and very little feasible legislation to be done anyway, lawmakers will yet again spend most of their energy talking about revenues, spending cuts and fiscal solvency.”
Public Notice Research and Education Fund Launches $1.2M Campaign Urging Debt Reduction
 Public Notice Research and Education Fund (PNREF) on Friday announced a national advertising campaign urging Washington to focus on debt reduction as the national debt approaches $16 trillion. The more than $1.2 million campaign will run until Friday, Aug. 3, and will include national cable as well as online advertising. The ad, titled “Washington is Still Digging,” will air on A&E, Bloomberg, CNN, Discovery, Fox News, History, Lifetime, MSNBC and USA. Click here to view the ad.


Gretchen Hamel, president of Public Notice Research and Education Fund, commented, “The national debt has become a national disgrace made even worse by Washington’s steadfast refusal to agree to a long-term strategy for fiscal responsibility. While our elected officials are content to play political games, the weight of the debt on our economy grows heavier.”