As of now, I am in control here, in the White House

The Obama Morning News || July 18, 2011

A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday.

Obama will nominate bank critic and former Ohio attorney general Richard Cordray to lead the Consumer Financial Protection Bureau, sidestepping Harvard professor Elizabeth Warren, who spent the past year setting up the new agency.

Obama raised $86 million in the last three months from 500,000 people — but at least $35 million of it can be traced to just 244 well-connected supporters who collected contributions from wealthy friends. Obama’s controversial meeting with supporters in the White House’s Blue Room on March 7 included 16 attendees who amassed at least $3.95 million for his 2012 election race.

Democrats are pushing a new gun control law amid the investigation of the Fast and Furious operation. Some conservatives suspect the operation was a actually a stealthy attempt to spur new gun control legislation.

The first major spending reports of the 2012 presidential campaign demonstrate the styles and priorities of the candidates. Mitt Romney scooped up large sums from big donors while Michele Bachman focused on smaller contributors.

Gay rights groups are targeting Bachmannn. Rudy Giuliani advises the GOP to “move on” from the gay marriage issue.

World Bank President Zoellick says U.S. has abandoned world leadership on trade.

And Rep. Sheila Jackson Lee (D-Calif.) suggests Republicans are opposing Obama on the debt ceiling because of his race.

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24 Responses to The Obama Morning News || July 18, 2011

  1. Hate to correct this mistake but Sheila Jackson Lee is from Texas. She represents a Houston district that was gerrymandered specifically for black democrats. If she were discovered to be Jack the Ripper she would still be re-elected in District 18. Michael Berry, a Houston talk show host, has been trying to warn people for years about the crown weave tyrant.

    • We now get Michael Berry’s show here in Portland, Or.!! He comes on right after Rush, and yes, he holds nothing back when discussing Ms. Jackson Lee. . .

        • Outside of Portland there are plenty. The large “progressive” population of that city skews the political demographics of the state. The same thing happens in California–the inland counties are conservative, but the larger population of the coastal cities swings elections to the Dems.

    • She would bash Bush all day long but when the State of the Union came she always managed to shove up to the front to hug and glad hand the President what a vile hypocritical woman.

  2. Memo to MsJacksonLee: we’re not playing the race card game anymore.

    Memo to gay “rights” groups: we don’t care what you think about MrsBachmann or any other candidate.

    Memo to PrezO: changing players in the same game won’t make a difference..

    Memo to WorldBankPrez: so?

  3. Sheila Jackson Lee waves the race card, but doesn’t exactly name it, just asks a bunch of questions, the answer to which you know she thinks is, “He’s Black.”

    Sheila, the correct answer is, “It’s not because he’s Black, so it must be something else.”

    • I can’t remember who said it, but someone said (I’m paraphrasing), “It’s not racism because I don’t like his white half either.”

      • When you take race totally out of the picture, his Dad wasn’t even an American citizen. Is it safe to say I don’t like his African half any more than his American half?

  4. Sheila appears on C Span quite a bit. She loves the camera similar to Schumer.

    Raising the debts limit and spending cuts of 1.5 trillion over ten years?? $150 billion per year for 10 years. That is sorta like a man and his wife doing the monthly budget and saying they’ll spend $10 more a month but no problem they will cut out a candy bar..

      • Yes–the amt seemed small to me, too–almost like that billion that was a third of a billion before…or worse. Still, if they cut SS, I lose my house…which is what they want me to think..OK, I am thinking it!

  5. Have you heard Moody’s latest tack on the debt ceiling debate? Who needs a stinkin’ debt ceiling. They need to mind their business and stay out of governing America. They are responsible for sticking many investors with huge losses by giving toxic mortgage loan bundlers like Goldman Sachs AAA ratings.

    Just got a new book ‘Reckless Endangerment. How Outsized Ambition, Greed and Corruption Led to Economic Armageddon’. It is a slow read for me, but is proving to be a good expose of the characters involved in the 2008 financial crash.

  6. It never ceases to amaze, the degree to which Sheila Jackson Lee has deluded herself into the belief that she has sufficient credibility to actually move the needle on some preposterous claim like this. That her constituents continue to re-elect her is sad, as it speaks volumes about their character. I suppose when the Dim-ocrat house leadership decides it’s time to play the race card, the rollodex instantly falls open to her name as the perfect person to play it. And for anyone to suggest that Pelosi/Hoyer did not know about this latest allegation before it happened, you’ll have a hard time convincing me otherwise, although I will concede they will stand behind some point of credible deniability.

    As a Texan, I had this brief moment of exultation when I saw the word “Calif.” following her name. But knew in an instant THAT was too good to be true and too sweet to be real.

  7. I read until the “promise” was spending cuts in 10 years. 10 years. uh, zero confidence that pronise will be kept.

    • That was the same thing Tip O’Neill promised Reagan and the cuts never materialized. One other thing they seem to be forgetting with the McConnell plan…”All Bills for raising Revenue shall originate in the House…” (Art. I, Sec. 7). The Senate has no business writing revenue bills.

      Betcha that bill emerges from the smoke filled back room with both their names attached…like McConnell-Reid or Reid-McConnell. Whose name comes first is probably what they are really fighting over.