Friday News Roundup - Domestic
http://thedianerehmshow.org/shows/2012-06-15/friday-news-roundup-domestic
President Barack Obama and GOP challenger Mitt Romney offer dueling speeches from the swing state of Ohio. They present radically different visions on how to fix the economy. Casino magnate Sheldon Adelson says he’s willing to spend $100 million to keep Obama from being reelected. JPMorgan Chase CEO Jamie Dimon tells U.S. lawmakers he doesn’t know if regulations have made the banking system safer. The Federal Reserve claims the Great Recession set back median family wealth 20 years. And the Justice Department says it will not retry John Edwards. Naftali Bendavid of The Wall Street Journal, Julie Hirshfeld Davis of Bloomberg News and Clarence Page of the Chicago Tribune join Diane for analysis of the week's top national news stories.
Guests
Naftali Bendavid
national correspondent, The Wall Street Journal.
Julie Hirschfeld Davis
congressional correspondent, Bloomberg News.
Clarence Page
syndicated columnist for the Chicago Tribune.
Related Video
The Obama administration announced Friday it will stop deporting and give work permits to some younger illegal immigrants who came to the United States as children. Diane asked the panel what the policy change means. Naftali Bendavid, national correspondent for The Wall Street Journal, said the initiative is an attempt for President Obama to solidify support among Hispanic leaders and to put Republican leaders on the spot. Julie Hirschfeld Davis, congressional correspondent for Bloomberg News, said the policy is a "big deal" and a push for Republicans to go on record about the party's immigration position.
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Wellesley High School English teacher David McCullough message for this year's graduates of Wellesley High School
"Contrary to what your U9 soccer trophy suggests, your glowing seventh grade report card, despite every assurance of a certain corpulent purple dinosaur, that nice Mister Rogers and your batty Aunt Sylvia, no matter how often your maternal caped crusader has swooped in to save you … you’re nothing special."
The educator called the graduating students “pampered, cosseted, doted upon, helmeted, bubble wrapped... nudged, cajoled ... feted and fawned over and called sweetie pie.”
There is hope for the American public school system as long as teachers like McCullough tell it like it is.
http://usnews.msnbc.msn.com/_news/2012/06/08/12128448-you-are-not-specia...
Again, let’s take this from the top:
A) In dueling Ohio speeches, President Barack Obama and Republican presidential candidate Mitt Romney offered contrasting visions of how to fix the sluggish U.S. economy.
There is not a scintillas difference between these two candidates in that neither one of them is going to “fix” what is wrong with America. They are a joke and a disgrace.
Romney’s most recent “morph” represents a slavish pandering to the right and the wealthy which will do absolutely nothing to help get the country out of its present mess.
And Obama can’t, won’t or both….
You want a solution America? Get rid of Democrats and Republicans and start over. Throw them all out and stop giving in to money.
B). JPMorgan Chase CEO Jamie Dimon testified before a Senate committee on the firm's $2 billion loss.
Testify! Dimon didn’t testify before the Senate. There were no “hard questions”. It was a love-fest between they pigs with the money and the pigs who want the money. Again, you want a solution America? Make this stop. Otherwise shut up”and keep taking it.
C.) U.S. Defense Secretary Leon Panetta warned of a "disaster" from impending, automatic budget cuts.
There will be no impending automatic budget cuts because neither party is going to allow that to happen. If they retain control the Democrats will cave in again to the power of the buck and let the rich get away with robbing the rest of us blind. Alternatively....the Republicans will get back in and legislate it into being. Either way, the American people will lose.
There is only one solution, start over and get rid of money and greed in the political system. That is the only thing worth discussing here.
Teece Bowman wrote:
"There is only one solution, start over and get rid of money and greed in the political system. That is the only thing worth discussing here."
-----------------------------
That will work right after you get rid of human politicians and replace them with synthetic android models. Can't wait to hear you substitution plan.
Couldn't have said it better myself...you're as much as admitting that there is truly no hope....let's just sell off the country to the highest bidder and be done with it!
http://www.politico.com/news/stories/0612/77453.html
This is what is wrong with America. This is what must be eliminated . There is no room for “we the people” in the universe of greed and wealth. Charlie and David bought themselves a state (they contributed up to 20 million dollars to the Wisconsin race) and now they are in the process of setting up a political party that will no doubt continue to co-opt Republicans with an additional 395 million.
This is not “liberty and freedom” this is not democracy…..this is Corporate Feudalism!
The most humorous comment of the day was when Jamie Diamond said he had no idea what the difference is between and casino bet and a hedge. If he was serious (and I doubt anyone believes he was), he would be saying that he has no idea how the financial system works and everything he has done to date has been dumb luck.
With the example of Wisconsin last week, Citizen's United and the Supreme Court has solidified the power of the moneyed aristocracy.
I am planning on not only boycotting the 2012 elections but actually protesting at my local polling place. Democracy has finally died in the United States.
I find it very frustrating when all we hear about from the media is coverage of the Presidential election. I for one see Congress as the place where the attention must be focused since there is where legislation and action is suppose to be happening, but is not. Regardless of who is the U.S. President, if Congress remains broken and unwilling to even pass a budget, then we will never truly address and fix the things that need to be fixed at the federal level.
Come on! Romney is getting a lot of $ support because we know WE KNOW we have a socialist in the white house, and were terrified by what that means for the future of this country.
No liberal bias here! where's the conservative?
If Sheldon has $100,000,000 in spare cash, and "Mitt" made $20,000,000 last year, how bad can the economy be?
Romney is getting a lot of money support because he is more beholden to the wealthy. The wealthy have figured out that they can purchase themselves a country. The Koch's and their ilk are exactly what is wrong with our country.
This isn't about socialism....unless you're a crazed right winger who buys that crap. Turn off Rush Limbaugh and Fox News Monte. Obama is sooooooooooo far from a socialist he should simply be considered another capitalist. He's no socialist, if he were I'd probably vote for him!
Arkus Duntov , no we don't KNOW anything of the sort, because Obama is no more socialist than Reagan or Bush.
I can not believe all this crap about giving the extremely wealthy a coninued tax break. This 100 millon dollar donation to Romney is outrageous. We are already a society of haves and have nots. When do they the wealthy step up to the plate and pitch in to help this country which made them rich in the first place.
Sharon
Teece Bowman wrote:
"Charlie and David bought themselves a state (they contributed up to 20 million dollars to the Wisconsin race)"
Sorry, can't let a falsehood like that just drift by. Have a credible link to prove that Teece? Didn't think so. That would have represented 80 PERCENT of the Walker spending. Complete BS. Sorry.
Romney unintendedly put forth THE campaign slogan of 2012 in his speech yesterday; "Talk is cheap". People need to realize that Obama is an EXPERT at talk. Not so much at action which is what we need to judge him by. I would not be opposed to throwing out the lot, but SOMEBODY needs to be President, and this year we have two choices. You want "we the people" Teece? SHRINK THE SIZE OF THE FEDERAL GOVERNMENT. Put the MONEY and the POWER back in the hands of the PEOPLE.
Here's another slogan for you:
"Bain Washington".
It is so misguided for Diane to suggest that the sole reason wealthy individuals would support a Republican candidate is to ensure the continuation of the tax breaks for their wealth class. I'd offer that it's their understandable distaste for Obama's war on capitalism and his conviction that bigger government is the best course of action, including the socialization of health care and the creation of more private sector jobs such as teachers, firemen and policemen. Keep in mind there are a few million of us who will never be in that wealth class who strongly agree with them and are grateful for their efforts to ensure Obama is not re-elected.
My friend, both Obama AND Romney come from the aristocracy. This kind of election is used to distract the voters from realizing the average American is slowly but inevitably losing his freedom and voice.
Let's join together to win back our country from Romney and Obama!
"I am planning on not only boycotting the 2012 elections ...."
We need more people with your views to follow your courageous, some might say patriotic example, and join your boycott.
One question; could the increase in the number of people in-rolling in unemployment be due to the fact that college graduations just occured? More people looking for work?
Freedom rocks wrote: "Arkus Duntov , no we don't KNOW anything of the sort, because Obama is no more socialist than Reagan or Bush'
I was not talking about you kool-aid drinkers.
ValpoViking wrote:
"Regardless of who is the U.S. President, if Congress remains broken and unwilling to even pass a budget, then we will never truly address and fix the things that need to be fixed at the federal level."
Regardless of who is President? Not at all, Valpo! When Congress is disfunctional, the country needs a LEADER more than ever. President Obama has proved himself not to be such a leader. When your position is, "you are entitled to my opinion", you're not going to get much cooperation. The Reagan example is the perfect mirror image. He worked with a Democratic Congress to move the country into recovery and then prosperity after the disaster of the Carter administration. That is why he is still admired by many Americans. He was a Leader. Whether Romney can be that guy or not, I don't know, but he got a lot done in MA with a Democratic state house, so that gives me hope.
'...and yet how do you pay for it?' Why, with other people's money, of course. Let's just presume everyone has a right to everything that others have, and if they can't pay for it, well then others simply must. Let's kill initiative and self-reliance. Those are just evil character flaws. And if voluntary charity won't suffice, let's require redistribution and equality of wealth through government mandates. Entitlement is our right as an American!
JIM DAVIS, here are some results of Obamas "war on capitalism"
"As of the end of March, nonfinancial corporations had $1.74 trillion in liquid assets on their balance sheets, $12.6 billion more than at the end of the year. A decade ago they had barely $1 trillion on hand.- Wall Street Journal
DOW Jones average :Oct 2009- 6547
June 2012- 12716
ecgberht: How many or Reagans agenda items did Tip O'neal squash on birth? Reagan gave, Tip gave. BIG difference now. I just don't recall Tip saying his #1 goal was defeating Reagan.
That is the problem both have money and Romney even more. Its hard to get back to the truth and a simple hard working society where we are not so divided about all the government money. We deserve more our money within our pockets for our families. I am not happy with either party.
Thank you, ecgberht!
You, I, and Teece have more in common than the Fed OR Bank of America!
Arkus Duntov wrote:
Freedom rocks wrote: "Arkus Duntov , no we don't KNOW anything of the sort, because Obama is no more socialist than Reagan or Bush'
I was not talking about you kool-aid drinkers.
Well, you have swayed me with your facts and logic.
Reagan increased federal spending, supported bank bail outs, increased government employment etc. And guess what? So did Bush!
Have a great day!
I appreciate Diane's question about just how, specifically, contributions to either campaign will effect the outcome of the election. What % is impacted and how? No amount of money contributed to or spent by Obama's campaign will make me vote for him. There are others who feel similarly about Romney. So is it just undecided moderates? How big are their ranks? What would be said or done with these enourmous contributions that isn't known now that would sway them?
Freedomrock, I'm not sure you understand capitalism. Corporations who are bullish about growth prospects would have more invested in new or expanded business activity and LESS in cash and other liquid assets on their balance sheets. You haven't read many annual reports or listened in on many quarterly analysts conference calls, have you?
That last comment about Columbus, Ohio was perhaps the most idiotic thing I've yet heard on this program. Columbus is the seat of government, and the home of one the largest universities in the nation. It is not a manufacturing town, so "saving GM' has little or nothing to do with the local economy. As it stands, the GOP governor, John Kasich has introduced a program of reforms to downsize Ohio government, so the decrease in unemployment since he took office pretty much says that his policies are working. The panel utterly missed this simple and obvious point.
Freedom rocks wrote:
"Reagan gave, Tip gave."
rocks, when your opening salvo is, "we won the election, we write the bills", it doesn't leave much room for negotiation.
The fact is, after they took control in 2006, Democrats could have sealed their return to dominance of the Congress with just a little bit of compromise. Instead, we got locked conference rooms and parliamentary tricks to get bad law passed. Americans rejected that and 2010 was the result.
dvdspears509 wrote:
"Thank you, ecgberht! You, I, and Teece have more in common than the Fed OR Bank of America!"
I don't think Teece and I have that much in common. Teece Bowman can speak for him/herself, but I think Teece's solution is to simply redistribute the wealth, and not shrink the size and power of government at all.
That would be USSR in the 70's/80's. Not the way I would want to live.