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July, 2011 Monthly archive

News organizations that break big stories will soon get a little more credit — and maybe even a little traffic — from The Associated Press. Beginning Aug. 1, whenever the AP picks up a local story from a member for rewriting and distribution, the text of AP’s story will include a link back to the original report.

As the debt ceiling debate enters its final stages, House Republicans face increasing political isolation in their opposition to sweeping budget reforms that President Obama has pushed for and polls show most Americans now prefer.

Republican resistance to compromise has turned a significant bloc of voters against them, according to several new polls, and has frustrated members of their own leadership as well as establishment GOP figures.

The fear among leading Republicans is that the party may lose an opportunity to lock in budget cuts that go beyond anything Democrats had previously been willing to consider. Five-term Rep. Tom Cole (R-Okla.) said he had never seen any spending reductions attached to a debt ceiling vote.

“It’s inconceivable,” Cole said. “Some of the members who haven’t been here don’t appreciate how much John Boehner has gotten for them.”

If the House Republicans screw this up and we don’t get something passed, they are going to be the rallying point and reason for which Obama gets another term in office.

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With the album coming out in August, I was wondering when they were going to drop a new track. I’m liking so far.

Game recognize game.

Photo: Alex Wong/Getty Images

That’s not even the best quote from Larry Summers’s description of his meeting with the Winkelvii twins. This is:

One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole. This was the latter case.

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i kid, i kid. really interesting infographic though.

AJ Burnett attacks again.

WHEN IN DOUBT, RENAME IT – One humble thought that occurred to M.M. is to write some kind of emergency legislation that doesn’t touch the phrase “debt limit.” Call it the “Protect American Jobs Act of 2011,” and include language expressing great disdain over Washington spending but acknowledging the need to shift the borrowing limit to “prevent the loss of hundreds of thousands of jobs that would occur if American debt is downgraded and interest rates that every small business owner has to pay go sharply higher.” Throw in something in about moms, baseball and apple pie and everyone can go have a good summer and not fear that a crummy economy is about to become a dead one.

I don’t think anyone would fall for this, but it’s a nice idea.

KISS OF DEATH? NYT LIKES McCONNELL PLAN – NYT lead editorial: “The plan is no less cynical than the original threat, but if the House goes along, it may allow Washington, the credit markets and the American people to breathe a little easier. Mr. McConnell’s plan would allow President Obama to raise the debt ceiling by $2.5 trillion in three increments through the end of 2012. Congress could vote to disapprove each increment, but the president could veto its resolutions of disapproval, and the debt ceiling would then rise. … The proposal is clearly meant to shift all the blame for raising the debt ceiling onto the president, and away from Republicans. http://nyti.ms/r0WLOQ  

A sprawling coalition of Wall Street and Main Street business leaders sent an unmistakable message to lawmakers Tuesday: Enough squabbling. Get the debt ceiling raised.

The Republican freshman might have been voted in by “the people,” but they’re funding came from Wall St. Who really gave you a mandate?