Friday News Roundup - Hour 1

Guest Host:

Susan Page
Friday News Roundup - Hour 1

President Obama's jobs bill is blocked in the Senate. Congress approves long-awaited free trade pacts. And protests that began on Wall Street are echoing in cities across America. A panel of journalists joins guest host Susan Page for analysis of the week's top national news stories.

Former Godfather’s Pizza CEO Herman Cain takes the lead in the latest GOP presidential polls. Former Governor Mitt Romney comes in second, but he gains the support of New Jersey’s Chris Christie. On the Democratic side, President Obama raises $70 million in the last three months for his re-election campaign and the Democratic National Committee. Congress comes together to pass long-delayed trade agreements with South Korea, Columbia and Panama. However, the President’s jobs bill fails to get the 60 votes needed to advance in the Senate. A panel of journalists joins guest host Susan Page of USA Today for the domestic hour of our Friday News Roundup

Guests

Doyle McManus

columnist, Los Angeles Times.

Julie Hirschfeld Davis

congressional correspondent, Bloomberg News.

Michael Scherer

White House correspondent, Time magazine.

Related Video

Diane and the panelists discuss the impact of the "Occupy Wall Street" and similar protest movements across the country, and respond to a listener's email criticizing the panelists for being "out of touch" with what is going on with the life and intent of the movement:

Comments

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ecgberht wrote:
"Well, he couldn't very well hang the "racist" label on him (though, unbelievably, some have tried!), so they will have to find some other way to try to belittle him."
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As donholl reminded all of us, caller Ken belittled Cain three ways: he called Cain lazy, a simpleton, and a liar.

October 14, 2011 - 6:35 pm

Monte,
Tend to agree with most of your last comment concerning “WAR on Terror” et al.
IMO (and I don’t expect you agree), since and even including 9/11, our nation has done more damage to itself, it’s people, it’s economy, and it’s own interests through policies of fear and stupidity, than terrorists could have hoped to do to us.

Ron Paul? I’ve got a lot of respect for someone who obviously cares a great deal for his country, obviously has a deep understanding of a lot of issues, and dares speak his own mind no matter what others might think. There are few that get real far in politics with those kind of qualities(unfortunately).

BUT I can’t say I agree with enough of his views to vote for him.

October 14, 2011 - 7:18 pm

Well, there you have it. Your choice will be limited to the best con-artist the left has available and inevitably I will be forced to vote for the con-artist that ends up on top of the heap on the right. Believe me I am not looking forward to vote for Romney.

October 14, 2011 - 7:54 pm

"ecgberht wrote:
Nana Manin wrote:
"I coin it the Freedom to Creat Act, which would allow a 50% -100% loan forgiveness for all student loans. "
Just what we need - further abrogation of financial responsibility. We have already created a younger generation who will not "take the leep [sic] to start their own business" unless they can find somebody else to take all the risk. This will make it even worse.
Forgiveness of SLM loans would cost billions more in money we don't have. And what about the rest of the people they owe money to outside of SLM?! F*** 'em?
I always say, "there's a lot of ideas out there ... they're just not all GOOD ideas"."
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Not only that but then those goofy protesters will be demanding forgiveness for mortgage loans, car loans, etc.

October 14, 2011 - 8:11 pm

Wow, Mendacious Truth-twister - you are really pathetic.

Not only do you exclude the word "or" before point C from your supposed verbatim quote of Ken regarding Cain in an attempt to salvage your position (any sensible person can infer that he was making a "pick one of the above" statement; but even for a simple-minded literalist - which are legion on the right - points A and B are distinguished from C by the "or"), but then you proceed to paint his assertions about Cain using the most inflammatory terms you could devise to make them appear extremely derogatory.

To top it all off, you use classic Limbaugh-playbook disengenuousness to infer that I'm in agreement with your position/assessment - bordering on slander.

Quite a contemptable display of internet "troll"-ery. You should be ashamed - but I'll guess shame is a trait absent from your make-up.

October 14, 2011 - 8:26 pm

donholl wrote:
"Not only do you exclude the word "or" before point C from your supposed verbatim quote of Ken regarding Cain..."
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I edited it to include the "or."
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donholl wrote:
".. in an attempt to salvage your position (any sensible person can infer that he was making a "pick one of the above" statement;.."
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Ken was using the SAT format to read his diatribe on the air. Are any of Ken's scenarios flattering to Cain? No? Then my original assessment of Ken's derogatory remarks about Cain are indeed valid.
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donholl wrote:
"... but even for a simple-minded literalist - which are legion on the right - points A and B are distinguished from C by the "or"), but then you proceed to paint his assertions about Cain using the most inflammatory terms you could devise to make them appear extremely derogatory.
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Right. Ken called in to praise Cain....
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donholl wrote:
"To top it all off, you use classic Limbaugh-playbook disengenuousness to infer that I'm in agreement with your position/assessment - bordering on slander."
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Does that border have a fence? BTW: It's disingenuousness
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donholl wrote:
"Quite a contemptable display of internet "troll"-ery. You should be ashamed - but I'll guess shame is a trait absent from your make-up."
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Posters who claim "troll" (meaning anyone who disagrees with their opinion) always write a dissertation to answer the supposed "troll" poster. Fascinating. BTW: It's contemptible. You appear to have trouble with your i. Have you seen an optometrist?

October 15, 2011 - 11:35 am

I won’t go so far as to say that the guests this week, and the host, presented only those views and perspectives of conservatives, but I will say they were remarkably cautious (conservative) in their analyses of all issues, and particularly those relating to the Occupy Wall Street movement. Since the first street protests of the Tea Party movement, pundits from both the right and left have given extensive analysis of what they might be all about. Yet from this group, and elsewhere in media, it always seems to be reduced to “Hmmm, well, they don’t have a very clear message, do they? Is this a voice from the left or the right? Isn’t really just an excuse to party?” Or something similar. I can think of so many issues that have been ignored or spun into right-wing dogma, over the last thirty years in particular, I’d be writing all night if I listed them all: The repeal of Glass-Steagall, of course; the rescinding of usury laws, the precedent set by the Fed, Treasury, the OCC and the FDIC to bailout banks industries over and above the (previous) $100k limit (dating back to the ‘80s); Supreme Court rulings making bribery legal (campaign cash = free speech), corporations people, and eminent domain a “let’s make a deal” program between local politicians and corporate developers . . . the list goes on. But I will stick to one the protesters (and one commentator here) brought up: Student loan forgiveness.

October 15, 2011 - 3:09 am

Given that short trader Steve Eisman recently identified the student loan market (a securitized commodity) as his prediction for the next investment bubble (out of the mouths of Wall Street traders), it doesn’t seem too extreme to imagine that student loan debt might be forgiven; in fact, it seems outrageous to me that students should be required to scrape together whatever is required, doing whatever is required, to meet the demands of financiers, and particularly when bankruptcy laws were changed in ’05 (as the bubble was pumping up) to make it more difficult for any debt to be discharged. Forgiving student loan debt, AND changing the law to make student loans dischargeable in bankruptcy, as they were pre-’87, would not only restore fairness to the system (why were they made an exception in the first place?) and relieve students of unsustainable burdens, it would also smarten up the banking/securitization/student loan/secondary education market and make all involved in the industry more responsible and accountable. What we have now is another investor-led, “risk distribution” business model like subprime, less the recourse to bankruptcy.

October 15, 2011 - 3:10 am

gbloper wrote:
"Since the first street protests of the Tea Party movement, pundits from both the right and left have given extensive analysis of what they might be all about. Yet from this group, and elsewhere in media, it always seems to be reduced to “Hmmm, well, they don’t have a very clear message, do they? Is this a voice from the left or the right? Isn’t really just an excuse to party?” Or something similar."
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Observers of the Zuccotti Park contingent should not equate the pervasive smell of weed with the impression that the participants are interested in getting high.
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gbloper wrote:
But I will stick to one the protesters (and one commentator here) brought up: Student loan forgiveness.
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That's an excellent point. Taxpayers should forgive loaning these students funds as long as they do not default on the loans.

October 15, 2011 - 9:46 am

gbloper wrote:
" But I will stick to one the protesters (and one commentator here) brought up: Student loan forgiveness."
I've already posted on this, gbloper and you should read my post. Just forgiving loans is a horrible idea and my previous post will explain why. First, you can only be talking SLM, not private loans. Suddenly saying that private lenders who have made loans in good faith are suddenly screwed is, indeed, anarchy. But here's the fundamental problem. If one of the major points of the Flea Party is to protest their student loans, why are they protesting on Wall Street? Ask yourself, why do they have student loans in the first place? When I was in school, I worked part-time during the school year, full time during the summer, and put myself through state school as an undergrad. What has changed? Obviously, it's tuition rates. Flea baggers should be protesting tuition rates at colleges and universities. THAT'S where the problem is and this article helps explain what has happened.
http://www.creditfyi.com/Loans/Student-Loans/Why-College-Tuition-Costs-A...

October 15, 2011 - 10:19 am

Government subsidies actually increase the cost of higher education

http://www.heritage.org/research/reports/2010/11/pell-grant-increase-wou...

October 15, 2011 - 11:15 am

Drew Kelly wrote:
"Ron Paul? I’ve got a lot of respect for someone who obviously cares a great deal for his country, obviously has a deep understanding of a lot of issues, and dares speak his own mind no matter what others might think.
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As Monte pointed out, Paul won the Republican Leadership Conference straw poll this year. This would indicate his opinions are rather mainstream in the Party, except for his conspiracy woo ideas. So where is the "dare" in Paul speaking his mind when many think just like him?

October 15, 2011 - 11:44 am

monte wrote:
"Marcus, dude! the guy proclaims nothing in regards to a superior insight into the meaning and intent of the Constitution and certainly not a monopoly on the application of the Constitution. If anything he is the only one concerned with it's importance."
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Your last sentence undermines your first sentence. Where did Paul get the notion that he is the sole candidate with an appreciation for the "importance" of the Constitution? I know he professes this distinction, but that doesn't make it so.

October 15, 2011 - 11:53 am

Marcus, one of the most important reasons people like Ron Paul is they believe he is honest and a straight shooter. The rest of the candidates are the typical slippery politicians we are so sick of. In all honesty I don't know what any of them would do if elected.

"conspiracy woo" I still have not seen an example of some wild eyed conspiracy theory you think Ron Paul believes in. Just because some left wing nuts gravitate to R.P.'s distrust of government does mean R.P. believes, as an example, that 9/11 was a deliberate U.S. set up.

October 15, 2011 - 2:01 pm

monte wrote:
"conspiracy woo" I still have not seen an example of some wild eyed conspiracy theory you think Ron Paul believes in. Just because some left wing nuts gravitate to R.P.'s distrust of government does mean R.P. believes, as an example, that 9/11 was a deliberate U.S. set up."
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Explain what JFK cover up Paul is referencing here?

Paul: "Well, I never automatically trust anything the government does when they do an investigation because too often I think there’s an area that the government covered up, whether it’s the Kennedy assassination or whatever."

Filberts of all stripes gravitate to Paul, but Paul embraces them as well. Do you know who Alex Jones is? He makes his living off of 911 conspiracy woo.

"Ron Paul Courts 9-11 Troofers on Alex Jones Show...Again"
November 21, 2007
http://mypetjawa.mu.nu/archives/190191.php

October 15, 2011 - 5:12 pm

"MarcusTullius wrote:

donholl wrote:
"If MarcusTullius had actually listened to the caller's statement, he would've noticed his assertion was that Cain either didn't understand his own plan, didn't understand the actual underlying facts upon which he made his statement, or - barring either of those being true - was being dishonest - therefore, "a liar".

Try practicing some perspicacity of your own, MuddledThinker.'
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Thank you, I shall. There is no mention of the word "either." Ken was just compiling his special list.

Caller Ken in Gaithersburg, Maryland

"Why isn't it news that Herman Cain:

A) doesn't understand his own proposal

B) know how much people pay in taxes

or

C) is a liar"

Caller Ken is saying Cain is a simpleton and lazy as well as a liar. I wonder what Ken's wife Barbi has to say about this.
October 14, 2011 - 9:00 pm

"KEN
10:44:47
Well, most Americans who pay a payroll tax don't pay 15.3 percent. They pay 7.65 percent because the employers pay the other half. So that means they don't have 6 percent more disposable income. They have 1.35 percent less disposable income. Why isn't it news that Herman Cain doesn't, A, understand his own proposal, B, know how much people pay in taxes, or C, is a liar? Why isn't that news?"

It looks, Marcus Toolius Avunculus Thomas, as though you A) Can't Read. B) or are a Liar.

Monte Haun mchaun@hotmail.com

October 15, 2011 - 8:09 pm

" MarcusTullius wrote:

donholl wrote:
"Not only do you exclude the word "or" before point C from your supposed verbatim quote of Ken regarding Cain..."
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I edited it to include the 'or.'"
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I put up the quote from the Transcript, you sorry piece of dog cr_p.

Monte Haun mchaun@hotmail.com

October 15, 2011 - 8:18 pm

I don't know the color of skins in this silly game, Marcus Toolius Avunculus Thomas, but I'd like to remind you that the Bushes and their Party have humiliated every Black in their administration- Colin Powell, Condi Rice, Clarence Thomas and even crossed Party lines to Nominate a hopeless Black, Alvin Greene, as Democrat Candidate for the South Carolina Senate seat.

Take a look at the Hoover Institution House Negros- some of the sorriest boobs in the "Academic" World with nothing but abuse for decent hard-working Black Folks trying to get by.

This one is no exception.

Monte Haun mchaun@hotmail.com

October 15, 2011 - 8:42 pm

Susan Page: Doyle, Is it clear what the Occupy Wall Street protesters want?

Doyle: No, and that is the enormous gaping defect in that movement it hasn't yet spawned leaders. It does need a program with 4 or 5 points or 10 points. People in that movement are muddling toward some kind of a program and getting help from progressive organizations on the left from the labor union movement. It appears the program will lead to higher taxes on the rich.

The Quinnipiac University Survey, taken three days later, found that 72 percent of New York voters say they understand the protesters views “very well” or “fairly well” and 67 percent agree with their views.

I think it is clear what the protesters want and it is up to the politicians to draft those desires into specific political programs. Our political leaders are too accustomed to letting lobbyists write the bills. They must take up this responsibility. Our journalists are too accustomed to speculating about the future and anticipating news, rather than reporting it. Doyle McManus missed a chance to clearly describe what the Occupy Wall Street protesters want.

William Sullivan

October 18, 2011 - 1:32 pm

mchaun wrote:
"Take a look at the Hoover Institution House Negros- some of the sorriest boobs in the "Academic" World with nothing but abuse for decent hard-working Black Folks trying to get by.

This one is no exception."
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A quaint example of typical liberal racism. Feel better?

October 23, 2011 - 12:35 pm

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