Morning Must Reads: Unfinished Business

White House

–Congressional leaders from both parties are meeting today with President Obama. There’s no official agenda, but they’ll probably discuss what needs to get done before the August recess.

–The House is poised for a vote on the war supplemental. The WikiLeaks doc dump may muddy the waters.

–The DISCLOSE Act, a campaign finance transparency measure intended to push back on the Citizens United v. FEC Supreme Court ruling, is set for a procedural vote today in the Senate. Its chances don’t look good.

–Conservative Senator Sam Brownback offers a pretty good example of how energy legislation often comes down to local interests. He’s supporting the renewable energy standard in the Democrats’ scaled down bill. (He hails from wind-swept Kansas.)

–David Brooks puts on his “liberal” jacket and feels pretty good about the last two years (and the next six.)

–Stan Collender is not feeling so good about the prospects for a deficit reduction consensus after November.

–The National Republican Senatorial Committee calls in the cavalry for Sharron Angle and Carly Fiorina.

–Ongoing talks on international banking regulation have taken a step forward. Negotiators in Basel, Switzerland have reached a deal on some of the key details for a framework to set capital requirements, the ratio of debt to assets banks would be allowed to carry. Agreeing to how the quality of different assets will be defined and the timeframe in which big changes such as lending limits or capital surcharges will be phased in is key to hammering out a final proposal before November’s G20 meeting in Seoul. Once new rules are agreed to, the new U.S. financial reform law authorizes regulators to enforce them without re-approval from Congress.

–How to take the “British” out of “British Petroleum.” (Well, it was already just BP, but you get my drift.)

–And Colorado Senate candidate Andrew Romanoff takes dedication to a new level, selling his house to fund his campaign. “I’m never home anyway,” he says.

What did I miss?

E-mail Adam.

Related Topics: 2012 Election, Afghanistan, Barack Obama, Budgets, Congress, Democratic Party, Economy, Harry Reid, Miscellany, Nancy Pelosi, Republican Party, Senate, White House
  • Latest on Swampland

    Pete Souza / The White House via Getty Images

    Political Picures of the Week, May 18-25

    TIME’s photo editors bring you the best pictures of the past week from the Beltway and beyond.

    Obama Administration Blocks Global Health Fund To Fight Disease In Developing NationsHuffPost Politics

    From left: AP; ABACAUSA

    The Phony War: Obama and Romney Are Debating Character, Not Policy

    More than five months from Election Day, the back-and-forth about Mitt Romney’s record at Bain already feels played out. Unfortunately, there’s good reason to expect the campaign continues in this vein indefinitely. Neither Barack Obama nor Mitt Romney are terribly interested in dwelling on policy platforms. Romney’s plan to slash spending and keep taxes low on the wealthy isn’t especially popular, at least not at any level of detail beyond a blithe promise to shrink the deficit. Meanwhile, Obama’s signature first-term achievements, like health care, the stimulus and Wall Street reform, are all unpopular or tricky to sell. (The Dodd-Frank bill is the most popular of these, but hyping it means offending wealthy donors.) So what we’re getting instead is a superficial duel about character–and, worse, one that’s based on the largely false premise that the better man can better “manage” the economy back to health.

  • m0mentom0ri

    David Brooks ‘liberal jacket’ is adorned with “tax simplification, entitlement reform, a new wave of regional innovation clusters, a new wave of marriage-friendly tax policies. ”
    .
    That’s not a very liberal jacket, David.

  • Ivy_B

    Pat Toomey uses talking points and this time gets fact checked.

    I know it’s early, but I am so focused on this race. I have said over and over, Toomey is a smarter Santorum and if he gets in, it will be very hard to get him out and his policy positions are really so much farther to the right than he is now pretending.

    http://2politicaljunkies.blogspot.com/2010/07/pat-toomey-fact-checked.html

  • pintortwo

    “(Y)ou couldn’t say.. that the (Iraq) war is over or that things are going well politically in that country. It lacks a new government, the political wrangling is interminable, the apparatus of state is paralyzed, and big bombings are undertaken with frightening efficiency.
    .
    Two bombings by guerrillas killed at least 40 Shiite pilgrims and wounded 68 in the holy city of Karbala, where hundreds of thousands of devotees had gathered…
    .
    Also on Monday, the offices of the al-Arabiya satellite television news network were bombed, killing 6 persons and wounding a member of parliament…

    The bombings may have been intended as interventions in the political wrangling about the formation of a new government, something that still has not happened all these months after the March 7 election.”
    - link

  • m0mentom0ri
  • nflfoghorn

    We can’t act like rational humans so let’s blow somebody up! Like that’s gonna change anything. Sheesh.

  • http://lookinfromoutside.wordpress.com lookinfromoutside

    And he gets fact-checked in a blog. Any members of the MSM want to take a stab at it?
    .
    crickets

  • freeinpa

    Is Obama lying AGAIN or should HArvard recall his law degree?

    “President Barack Obama on Monday incorrectly stated that a landmark campaign-finance ruling allows foreign entities to pour money into U.S. elections.”
    ==
    The Supreme Court’s 5-4 ruling in Citizens United vs. the FEC lifted restrictions on companies, unions, and other organizations, allowing them to make independent expenditures in political campaigns.

    That ruling, however, did not allow corporations to contribute directly to a campaign or to coordinate expenditures with a campaign. Nor did the ruling lift existing law that blocks foreign contributions to political campaigns.

    Under the FEC regulation 11 CFR 110.20(i): “A foreign national shall not direct, dictate, control, or directly or indirectly participate in the decision-making process of any person, such as a corporation, labor organization, political committee, or political organization with regard to such person’s Federal or non-Federal election-related activities, such as decisions concerning the making of contributions, donations, expenditures, or disbursements in connection with elections for any Federal, State, or local office or decisions concerning the administration of a political committee.”

    ==

    Wonder when the liberal “fact” checking machine will notice this one?

  • 53_3

    I have to do it. I’m sorry for jacking ’500 words’…
    ………..
    500 Words
    ……….
    Obama, guarding the exit
    .
    You are all prisoners on this plane. You will not escape! Resistance is useless!

  • newfreedomblog

    As opposed to Slestak’s very liberal policy stand? Please give me a break.

  • grape_crush

    Sorry, freeper. You’re wrong (again).

    “‘You’d think that making these reforms would be a matter of common sense,” Obama said in brief remarks from the Rose Garden. “But of course this is Washington in 2010, and the Republican leadership in the Senate is once again using every tactic and manuever they can to prevent the Disclose Act from even coming up for a vote.’

    The legislation was crafted in response to a Supreme Court decision that opened the door to unlimited corporate and union spending in elections. The bill would require such groups to disclose their role in campaign spending, namely advertisements.

    ‘A vote to oppose these reforms is nothing less than to allow a corporate and special interest takeover of our elections…’ Obama said.”

  • newfreedomblog

    Consumer Confidence Falls, Lowest Since February

    .

    “There have been quite a few headwinds — the fiscal stimulus is fading, the European situation certainly did have an impact on consumer confidence and inventories are being brought more into line,” said David Sloan, economist at 4Cast in New York. “But clearly the big problem for consumers is jobs.”

    .
    http://www.cnbc.com/id/38428786
    .
    The only……ONLY reason that housing had a good month was due to the tax rebate for first time home buyers which is now gone. Couple this with the very depressing jobs outlook and an even higher unemployment rate due to the Census workers returing to the unemployed roles.
    .
    Dire indeed. And Democrats think they should be voted back into office? Fat chance on that.

  • grape_crush

    What did I miss?

    Tone deaf.

    “The fundraising event, billed as an “Election Countdown,” will take place from August 12-14 in Beverly Hills, California, and will also feature other politicians such as California Lt. Gov. Abel Maldonado, Rep. Dana Rohrabacher, and Nevada Republican gubernatorial nominee Brian Sandoval. Steele and Breitbart are scheduled to co-headline a welcome reception on the first evening, August 12.[...]

    RNC spokesman Doug Heye confirmed to TPMDC that the event is going on, but declined to comment further on the nature of fundraising events. We asked follow-up questions about whether Breitbart is still confirmed to attend the event, and also asking when this was first scheduled.

    Heye did not comment further, but instead only referred us to the earlier confirmation of the event.”

  • m0mentom0ri

    Since the case did not involve the federal ban on direct contributions from corporations or unions to candidate campaigns or political parties, you’re partially correct.
    .
    Citizen United vs FEC involved “electioneering communication”- defined as a broadcast, cable, or satellite communication that mentioned a candidate within 60 days of a general election or thirty days of a primary. While current FEC regs prohibiting foreign spending on elections are in place, as you cite, I’m not sure how this would apply to the “electioneering communications” that were dealt with in Citizen United vs FEC. Those may be exempt from FEC regulation 11 CFR 110.20(i).

  • grape_crush

    The only……ONLY reason that housing had a good month was due to the tax rebate for first time home buyers which is now gone.
    .
    /sigh
    .
    “New-home buying surged in June after a May plunge caused by the end of a government tax credit, according to a better-than-expected report on the ailing housing sector.
    .
    Sales increased 23.6% from the previous month to a seasonally adjusted annual rate of 330,000, the Commerce Department said Monday. Inventories fell, a hopeful sign.”
    .
    http://online.wsj.com/article/SB10001424052748703700904575391003712286276.html

  • newfreedomblog

    “Accountability: Where’s the Money?”

    .

    The Defense Department is unable to account for $8.7 billion of the $9.1 billion in Development Fund for Iraq monies in received for reconstruction in Iraq. This according to a study published today by the Special Inspector General for Iraq Reconstruction.
    .
    “This situation occurred because most DoD organizations receiving DFI (Development Fund for Iraq) funds did not establish the required Department of the Treasury accounts and no DoD organization was designated as the executive agent for managing the use of DFI funds,” the report states.
    .
    The Special Inspector General for Iraq Reconstruction (SIGIR) finds that only one Defense organization actually set up the accounts required by the Treasury.
    .
    “The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss,” SIGIR says.
    .
    The study recommends that the Secretary of Defense create new accounting and reporting procedures to avoid such mistakes in the future. It also recommends designating an executive agent to oversee progress, establishing measurable milestones, and determining whether any DoD organizations are still holding DFI funds.

    .
    Who wants to wager ACORN was in charge? Big Labor? How about all the crooked cronies from Chicago?
    .
    There is so much money being wasted by this Administration at such unprecedented levels the American people should be marching in the streets everyday.
    .
    No more! Time to take America back, people!!

  • m0mentom0ri

    “Dire indeed. And Democrats think they should be voted back into office? Fat chance on that.”
    .
    “Democrats have a 48% to 44% advantage for the week of July 19-25 in Gallup tracking of registered voters’ preferences for the 2010 congressional elections. This marks the second straight week in which Democrats have held an edge of at least four percentage points.”
    .
    http://www.gallup.com/poll/141557/Democrats-Maintain-Advantage-Generic-Ballot.aspx
    .
    The only sure bet is that if Rusty said it, its probably wrong.

  • m0mentom0ri

    “Who wants to wager ACORN was in charge? Big Labor? How about all the crooked cronies from Chicago?”
    .
    George Soros? The New Black Panther Party? La Raza? The Illuminati? The Ancient Order Free Masons? The ACLU? The Tides Foundation? The Tri-lateral Commission? The Golden Dawn Society? The anti-Christ?
    .
    Paranoia, thy name is Rusty.

  • newfreedomblog

    Why are all liberal groups so violent in their protests?
    .

    “Activists disable some London BP petrol stations.
    .
    Greenpeace and BP said activists stopped the flow of fuel by flipping safety switches on forecourts before removing them to prevent the service stations from reopening.

    BP described the action as “an irresponsible and childish act” which interfered with safety systems.

    “The action shows a total disregard for the safety of motorists and staff at the sites,” a BP spokeswoman said.

  • newfreedomblog
  • grape_crush

    One area in viewership ratings where FNC is losing.

    “Fox News may be the undisputed ratings champion in cable news, but not among black viewers.

    The New York Times’ Brian Stelter tweeted that, according to Nielsen Media Research, Fox News has averaged just 29,000 black viewers in primetime so far this television season (9/09-7/10). That represents just 1.38% of its 2.102 million total viewer audience.”

  • grape_crush

    Why are all liberal groups so violent in their protests?
    .
    /sigh
    .
    “A mannequin with a picture of Sen. Lindsey Graham’s face taped to the head was hung in effigy in downtown Greenville by a protester.
    .
    Randall Terry, a nationally-known pro-life supporter from Washington, D.C., came with three supporters to tape a portion of his television show called, “Randall Terry: The Voice of the Resistance.”
    .
    The anti-abortion activist filmed two skits while in downtown. One of them involved Randall’s employee constructing gallows to hang the mannequin with Graham’s picture on it.
    .
    The other skit involved a stick and a pinata. The workers hit the pinata, which had a picture of Graham on it, until plastic babies fell out of it.”
    .
    http://www.wyff4.com/r/24368885/detail.html

  • grape_crush

    And maybe the reason why FNC lags behind in black viewership.

    “The incident has also renewed accusations of racism directed at Fox News, a unit of the News Corporation, which could conceivably affect Fox and its advertisers. The National Association of Black Journalists has faulted Fox for years for inaccurately portraying blacks. And Mr. Beck called Mr. Obama a racist last August, prompting an advertiser boycott that continues.

    In the last month, Fox doggedly pursued an accusation of voter intimidation by a fringe hate group called the New Black Panthers on the day of the last presidential election. One news anchor, Megyn Kelly, devoted dozens of segments to the incident. (Ms. Kelly was even upbraided on the air by a Fox News contributor, Kirsten Powers, who accused her of doing the ‘scary black man thing.’

    Last fall, Fox’s news programs gave heavy play to heavily edited tapes that appeared to show counselors at the liberal community organizing group Acorn giving advice to an ostensible pimp and his prostitute about evading taxes and setting up a brothel.

    Fox’s news programs covered the story extensively. Rush Limbaugh claimed at the time that other media entities were ‘doing their best to cover it up by ignoring it.’ Over the weekend, a former Democratic National Committee chairman, Howard Dean, accused Fox of pushing ‘a theme of black racism.’”

  • m0mentom0ri

    Welcome to Rusty’s World™, where BP are the good guys and Obama is the anti-Christ!

  • michaelfury

    The waters aren’t just “muddy”–they are damn bloody.

    http://michaelfury.wordpress.com/2008/10/30/the-ones-who-attacked-us/

  • grape_crush

    Fallout from the Wikileaks disclosure.

    “Because of difficulties on the ground and mounting casualties in the war, the debate over the American presence in Afghanistan has begun earlier than expected. Inside the administration, more officials are privately questioning the policy.

    In Congress, House leaders were rushing to hold a vote on a critical war-financing bill as early as Tuesday, fearing that the disclosures could stoke Democratic opposition to the measure. A Senate panel is also set to hold a hearing on Tuesday on Mr. Obama’s choice to head the military’s Central Command, Gen. James N. Mattis, who would oversee military operations in Afghanistan.”

  • michaelfury

    “A US passport holder, Dudley was given an honorary Commander of the British Empire (CBE) award by Queen Elizabeth II in 2009 for services to global energy security and industry.

    After initially, in the late 1990s, taking on the role of executive assistant to BP’s chief executive, he went on to oversee BP’s operations in Russia, the Caspian Sea, Angola, Algeria and Egypt.”

    —————————————————-

    “The momentum of Asia’s economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the Central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea.”

    - Zbigniew Brzezinski, The Grand Chessboard, 1997

    http://michaelfury.wordpress.com/2009/05/11/the-gas-must-flow/

  • pintortwo

    Obama (played by Samuel Jackson): There are snakes on the MFn plane!!

  • pintortwo

    “Last week the House of Representatives told the Senate they’d vote yes to $60 billion for more war in the Bananastans if the Senate voted yes to $20 billion for school districts and grants to low-income college students and security along our border with Mexico. The Senate sneered and told the House no to investing $20 billion into items of genuine national security and yes to throwing $60 billion at a war that is wholly contrary to our best interests. What a shameful indicator of America’s priorities.”
    - link

  • grape_crush

    Word of the Day: Hysteresis.

    “The point is that while policy makers may think they’re being prudent and appropriately cautious in their responses to unemployment, there’s a good chance that they’re prudenting and cautiousing us into a long-term jobs catastrophe.”

  • grape_crush

    Considering that they’re smiling, I would go for ‘Japes on a Plane”.

  • stuartzechman

    That’s a Third Way jacket, actually…

  • stuartzechman

    Again, profound gratitude goes to grape_crush for absolutely phenomenal commentary.

  • grape_crush

    No need for thanks, considering how much of what I post comes from what other people notice first…just happy to share what I come across while waiting for something at work to complete.

  • apr2563

    Found this quote in Chris Hedges book:
    American Fascists, The Christian Right and the War on America
    .
    “Men never do evil so completely and cheerfully as when they do it from religious conviction.”
    .
    Blase Pascal
    .
    Thought it was appropriate for our discussions on politics and war.

  • grape_crush

    In bed with a lobbyist.

    “The conversation in question happened at the Capitol Hill Club during President Obama’s speech in June about the BP oil spill. [Rep. Lee] Terry was reportedly overheard asking the women next to him, ‘Why did you get me so drunk?’

    Terry denies having made the comment, but a longtime Capitol Hill Club member who overheard the exchange told Roll Call, ‘On the Hill, there’s a lot of older men that just go home when they’re done with votes. Then you have a smaller group that likes to knock back a few and have a good time.’”

  • grape_crush

    Alternative title being, “Under the influence”.

  • rose83

    “Cameron’s criticism of Tel Aviv came when he called for Israel to relax its restrictions on Gaza. “The situation in Gaza has to change,” he said. “Humanitarian goods and people must flow in both directions. Gaza cannot and must not be allowed to remain a prison camp.

    Cameron defended his remarks at a press conference with Erdogan. “My description of Gaza is something I said in the House of Commons several weeks ago. Perhaps this is final proof that if you want to keep something completely secret you should announce it in the House of Commons.”"
    .
    http://www.guardian.co.uk/politics/2010/jul/27/david-cameron-gaza-prison-camp

  • freeinpa

    “Sorry, freeper. You’re wrong (again).”
    ==
    Here is a clue grape, because you disagree does not anyone wrong nor is it a fact or proof when you repeat Obama’s speech. He was wrong on the law when the Supreme Court ruled and he remains wrong today.

    You seem to have taken IQ53 tactic of declaring someone wrong (and you right) by stating nothing and doing a victory lap.

  • freeinpa

    “Sales increased 23.6% from the previous month to a seasonally adjusted annual rate of 330,000, the Commerce Department said Monday. Inventories fell, a hopeful sign.”
    ==
    Annual Rate of sales for May was 267,000 – the lowest EVER ! That was down 11% from the original May report. The New Homes sales have been revised downward for several months and June will be no exception. Yes the percent is large but GDP is not advanced by percent gains but by actual numbers of homes sold.

    The administration can keep repeating the recovery is under way but the numbers tell quite a different and true story

  • pintortwo

    I happened to run into this same report linked to by newfree. A significant piece was left-out, I’ll provide it (link):
    .
    The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday.
    .
    The report by the U.S. Special Investigator for Iraq Reconstruction offers a compelling look at continued laxness in how such funds were being spent in a country where people complain basic services like electricity and clean water are sharply lacking seven years after the U.S.-led invasion that toppled Saddam Hussein.
    .
    The audit found that shoddy record keeping by the Defense Department left the Pentagon unable to fully account for $8.7 billion it withdrew between 2004 and 2007 from a special fund set up by the U.N. Security Council.

    .
    ..oh well.
    .
    The good portion of the rest of the article highlights other examples of our success in Iraq:
    .
    (B)ombings remain near a daily occurrence that compound the frustrations and fears of Iraqis increasingly weary of the political crisis – one many say reflects how the country’s politicians are more interested in their own interests than those of the nation.
    .
    The continuing impasse was highlighted on Tuesday when Iraqi lawmakers gathered for the second time this month only to indefinitely postpone the parliamentary session because there was still no decision on the new government.

    In other developments, seven people were killed in a series of bombings and apparent assassinations in Baghdad and Mosul…

    .
    .
    I’m confident that Petraeus will achieve the same level of success in Afghanistan.

  • http://derekg.wordpress.com/ Derek

    I’m not sure if the administration’s approach to the WikiLeaks docs is all that smart. Saying “nothing new here, move along” is sort of like saying “we’ve known about the war crimes for a long time now and haven’t done anything about it yet, why would you expect us to do something now.”

  • http://derekg.wordpress.com/ Derek

    It is amazing to see the MSM basically following the administration’s lead on this.

  • grape_crush

    Here is a clue grape…
    .
    Sorry; you haven’t any clue to give.
    .
    ..nor is it a fact or proof when you repeat Obama’s speech.
    .
    True; I’ve given you the same lecture. However, you haven’t given any thought to foreign-owned companies incorporated in the US, have you? How about US companies where a block of shares are controlled by foreign nationals? Maybe the board of directors are mostly foreign nationals?
    .
    I’d rather trust Obama than you when it comes to matters of law.

  • 53_3

    freeinpa:
    .
    It isn’t actually quite the way you state it.
    .
    I do say something, and often present links.
    .
    You just relentlessly ignore anything that doesn’t agree with your ignorant ideologies…

  • 53_3

    …and, where right wing terrorists are not a greater threat to Americans on American soil than Al-Queda is…

  • 53_3

    Hmmm.
    .
    Isn’t there a message in this bottle. Maybe Rusty, freeinpa, et al should open it, but…
    .
    …I have a hunch they will pretend there’s nothing there!

  • 53_3

    This is my starship!
    .
    Get off my lawn…

  • http://2thirdsrocks.wordpress.com 2thirdsrocks

    Perhaps you could give us the stats on black viewership of the other cable news networks. And the percentage of blacks that are registered republicans.

  • 53_3

    “No more! Time to take America back, people!!”
    .
    With what? Bright green rubber beach thongs?

  • 53_3

    2/3rds:
    .
    Answer to question #2:
    .
    Approximately 7% in 2004. Likely less now.
    .
    http://en.wikipedia.org/wiki/Black_conservatism_in_the_United_States
    .
    Oh, 2/3rds, as always, trace the refernces. Lookey the little itty bitty numbers and click on them. They will lead you to the source documentation.
    .
    Damn those farking facts…

  • 53_3

    Oh, here 2/3rds:
    .
    http://littlegreenfootballs.com/article/36837_Fox_News_Has_No_Black_Viewers_to_Alienate
    .
    Wow. And to think this is a conservative website.
    .
    Answers to #1 supplied by…

  • http://2thirdsrocks.wordpress.com 2thirdsrocks

    So 7% of blacks call themselves conservative(probably more now), which makes up 1.38 % of Fox’s viewing audience, and this is a surprise to….whom?

  • http://2thirdsrocks.wordpress.com 2thirdsrocks

    About as phenomenal as a skid mark….

  • 53_3

    No, 2/3rds, 7% is the number of Republicans. The number of conservative voters in the Black community number some 40% or more.
    .
    There is a reason for the difference.
    .
    Try to guess just why that is…

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