Friday News Roundup - Hour 1
The GOP reacts to President Obama’s plan for cutting the deficit. Congress votes on the budget deal that averted a government shutdown. And federal regulators order an overhaul of foreclosure procedures. A panel of journalists joins guest host Katty Kay for analysis of the week's top national news stories.
Guests
author of The Fix, a Washington Post politics blog, and managing editor of PostPolitics.com.
congressional correspondent, Bloomberg News.
U.S. economics editor, The Economist, and author of "The Little Book of Economics: How the Economy Works in the Real World."
Friday News Roundup Video
According to The Economist's Greg Ip, gas prices have risen about $1 per gallon over the past 3 to 4 months, which he says could wipe a full percentage point off of household incomes. The Friday News Roundup panelists discuss the outlook for the nation's rising gas prices and how they could hinder the U.S. economic recovery:

Comments
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Drew Kelly:
Don't know where you are getting your information, but in 2006 unemployment was 4.7% and when Bush left office it was under 8%. It was the last two years that hurt Bush.
Trick down created 5 million new jobs under Reagan. So it did work.
Time Magazine is not a good source like it once was and full of errors. That is one of the reasons their subscription rate is down 44% and in past looking for a buyer.
Don't know if that press secretary under Clinton is still the editor.
Tax Cut for the wealthy do create jobs. This is one of reason under the budget bill of 1993 the 1% Wealth Tax was eliminated and supported by senator like Teddy, Kerry, Mitchell, Leachy. That 1% Wealth Tax was supported by Bush 1 and lot of high margin business like yacht building went down in the toilet. Yacht building was a big part of the economy in NE States representated by liberal Democratics.
Drew Kelly wrote:
Monte and others,
“All taxes bad” is such infantile thinking, it blows my mind
Dude! if you take away what you have from the two sentences I wrote on the subject of taxes. You apparently see only what you want to see. You missed the obvious point completely.
I have no hint as to what might have changed but Katty Kay's voice sounds softer today (listened to stream Saturday) and her approach seems less stringent and urgent. Maybe she's her own woman now like Diane and has shrugged off the urgent news mannerisms of her BBC past. It could also be she has tapped into information surrounding the upcoming show about improving one's voice.
Katty is my favorite Diane substitute and now with a new gentleness and self-assurance is more appealing than ever before. I am a lesbian and I notice these things in women, even mothers with several children and serial marriages. I'd like to invite all women to use their feminine sensitivities and intuitions in evaluating public affairs content by gauging the moods of your host. Empathy really works.
You put the issues in their proper perspective for maximal public information today Katty. Keep up the good attitude.
meaninglessantigreen: A "federal janitor" is a person of greater responsibility and import than a person who mops Hardees. Have you ever tried for a federal government job? You likely couldn't pass the requirements.There are people with doctorates buffing the halls of the Pentagon. In fact, I once dated a girl who was a defense department janitor, and she had a security clearance. So don't compare raisins and pears, how 'bout it?
mountee: Drew Kelly cited infantile thinking, but he probably meant fetal thinking. It's funny how the creatures on umbilical throw a tantrum if Mommy isn't eating their favorite foods and then try to kick out the belly of their Mother Country. Seems suicidal in a cold cruel global world.
Pancake:
Makes you wonder why a person would choose a career (doctorate) where you cannot make a living I was working as temp in HR at a State University in the mid 90's and I happen to see employee records including History professors with PHD making $25,000.
Your Hardee statement is riduculous. The clerks that hold these positions are mostly students . These are transitional positions. And your friend who who worked as a janitor in the Defense Dept, if she did not work as a contractor fell under Civil Service Guidelines, so she didn't do that bad. Maybe her ego took a hit.
http://www.heritage.org/Research/Reports/2010/07/Comparing-Pay-in-the-Fe...
Proves my point Panhead.
Pancake:
Forgot to answer your second question about apply for a federal job. I believe I did back in the late 70's early 80's.
There too much of a waste on us taxpayer promoting all these federal jobs.
The Federal Government hires than finds a position for these new candiates. This is what has caused all the rancor Rankin, besides the above thread to your previous statement. Private Industry does not work this way, but this Administration does not care about waste or inefficiency.
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