Morning Must Reads: October 10

In the News: Obama and Egypt, Janet Yellen, and TIME Magazine's new issue

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Nicholas Kamm / AFP /Getty Images

The US Capitol in Washington is seen on September 30, 2013 , a day before the government shutdown began.

Congress Prepares to Kick the Can. Again: “In six days, the federal government will find itself not just shut down, but on the brink of default, and Washington is stumbling its way toward a familiar solution: a short-term reprieve from both fiscal crises. But there is little reason to believe that the temporary relief will make the spending struggles any easier next time, let alone permanently solve DC’s budget battles.” [TIME]

In Egypt, Obama Tests the Question: What Does Military Aid Buy America? [TIME]

Yellen’s Path from Liberal Theorist to Fed Voice for Jobs: “Ms. Yellen, 67, now finds herself as President Obama’s nominee to succeed the Fed chairman, Ben S. Bernanke, at the end of January, largely because many Democrats view Ms. Yellen as the best person to press that stimulus campaign and to strengthen financial regulation.” [NYT]

Strain on federal agencies increasing as government shutdown drags on. [The Hill] Food safety is one of the latest issues taking center stage during the shutdown, people in 18 states have fallen ill due to a salmonella outbreak, while many federal food inspectors remain furloughed. [NYT]

VIDEO: House Minority Leader Nancy Pelosi said House Democrats would be willing to accept a short-term debt ceiling hike “if the alternative is to renege, to default.” [The Hill]

Joe Scarborough on the Real Republican Divide: “Forget the GOP divide between tea party members and establishment Republicans. If you want to see where the fault line runs in the Party of Lincoln look at the difference between Washington Republicans and other GOP leaders across America.” [Politico]

D.C. Mayor Vincent Gray to Senator Harry Reid: “Sir, we are not a department of the government,” the mayor told Reid on the steps of the Capitol. “We’re simply trying to be able to spend our own money.” [Washington Post] Reid’s response: “I’m on your side. Don’t screw it up, okay? Don’t screw it up.”

More from TIME: What’s prettier in print: 

COVER: “Michael Bloomberg Wants to Be Mayor of the World” by Michael Scherer

Joe Klein: “Baby Boomers Ruined the Government” 

Rana Foroohar: “The Gridlock Economy Blues” 

Obama’s Asia Problem” by Michael Crowley

902 comments
jmac
jmac

Joe Klein - talk about one skewed up mind.   He reminds me of my Texas brother-in-law.   

notsacredh
notsacredh

Well, I've been up since yesterday. I'm going to bed and watch Pacific Rim. Goodnight folks.

ahandout
ahandout

At least we have established Barry o's legacy: petulance.

mantisdragon91
mantisdragon91

She's the most qualified fed chair in modern history. So of course conservatives hate her.

The Anti-Yellen Campaigning Has Begun

The common assumption is that since Janet Yellen is well-qualified and has been nominated to serve as Federal Reserve chair that she will, in fact, serve as Federal Reserve chair. That's in part because we haven't ever really had a confirmation fight for the Fed gig. But I don't think she'll get in without a fight. The reconfirmation of Ben Bernanke for a second term by a 70-30 vote was the weakest showing of any Fed nominee ever. And that was a Democratic president reappointing a Republican to a job he already held, under circumstances where there was no real public anti-Bernanke organizing.

By contrast, a conservative group called American Principles in Action is already organizing against Yellen:

Their argument is basically just so much derp. Yellen stands accused of being some kind of madcap inflationista for thinking that the Federal Reserve should pursue its legal mandate to give weight to both price stability and employment maximization in its decision-making. There is absolutely nothing in any way unusual about her views on this. Congress could, if it wanted to, change the Fed's legal mandate (though I think that would be a bad idea) but the idea of condemning a veteran Fed official for a long record of believing that Fed officials ought to behave in the way that they are legally required to behave is nutty.

That said, nutty imperatives have a way of gaining prominence on the right. Organizing against Yellen is a no-brainer for conservative groups eager to engage in a little grassroots fundraising. Talk radio episodes and Fox segments about the evils of Yellen are sure to be better for ratings than segments defending her. And then once it becomes defined that the True Conservative stance is to vote no on Yellen, who's going to want to stand against that?

retiredvet
retiredvet

 John Boehner Is Borrowing a Plan From Homer Simpson

Is there a plausible strategic logic to this plan? None that I can see. The putative reason for delaying the debt limit is to open fiscal negotiations with Democrats. But Republicans have been dodging fiscal negotiations with Democrats for most of the year. Why? Because they don’t want to compromise on the budget. They want unilateral concessions.

mantisdragon91
mantisdragon91

The Desperate Hate mongering of Tea Party Clowns


The race between Newark Mayor Cory Booker and former Bogota Mayor Steve Lonegan had already seen its fair share of ugliness, with Lonegan at one point making vaguely homophobic statements about Booker, but Wednesday night’s debate took things to a new level.

In the debate’s most shocking exchange, Booker and Lonegan quarreled over the latter’s shoddy record on the environment, with Booker pointing to New Jersey’s Passaic River as an example of the kind of pollution Lonegan’s policies would allow.

“You may not be able to swim in that river,” Lonegan responded, “but it’s probably, I think, because of all the bodies floating around of shooting victims in your city.”

“Oh my god,” Booker said in response.

 http://www.salon.com/2013/10/10/gop_senate_candidate_makes_outrageous_claim_in_debate/

jmac
jmac

1 minute ago

"Nixon’s fatal decision to bomb Cambodia and his struggle to keep it a secret would have disastrous domestic and foreign consequences, ones that would plague two nations, Cambodia and the United States, for many years."

That's no moderate.  Just because was reasonable on a few issues does not a moderate make.   Joe Klein needs to retire.   I have retired military men TODAY tell me that we were never in Cambodia and get angry about the "lie".      

fitty_three
fitty_three

@jmac 

He no longer takes comments.  Just like Halperein when he was here.

Telling. 

Shinji_Hirako
Shinji_Hirako

@sacredh Pacific Rim rocks.  Dig Ron Perlman.  Watch the closing credits.  And too also, why don't giant robots just use giant kantanas from the start?

notsacredh
notsacredh

Can we rent the b!tch out for funerals? Even banshees get jealous.

fitty_three
fitty_three

@ahandout 

Sorry, but you definitely ain't "we".

Unless, of course, you have multiple poisonalities...

ahandout
ahandout

@mantisdragon91  Are you now arguing for lower fuel costs and electrical rates?  That's NOT a Democratic Party ideal.  In fact, the Democrats are responsible for higher rates and high fuel costs.

Sue_N
Sue_N

@mantisdragon91 So a guy running for senator of a state has openly insulted the major city in that state. Nice.

notsacredh
notsacredh

@Shinji_Hirako, it was a good summer popcorn movie like the Transformer movies were. Sometimes i just want to be entertained. Pacific Rim did that. I dion't mind being educated by a movie, but I'd rather say "Wow!".

ahandout
ahandout

@MrObvious @ahandout Your post crashed DeadFyre.  Congrats, you finally accomplished something in your pathetic existence.

Sue_N
Sue_N

@hivemaster @mantisdragon91 Also, ladyparts. Why isn't she in the kitchen? Why is she bothering her pretty little head with maths and stuff when she should be making sammiches?

fitty_three
fitty_three

@ahandout

 "In fact, the Democrats are responsible for higher rates and high fuel costs."

CITE!

fitty_three
fitty_three

@Sue_N

Toss in a little hypocrisy over the late victims of gun violence.

hivemaster
hivemaster

@retiredvet I love that the Kock brothers wasted their money running a Teaper in a Blue state. Does he really think he can say obnoxious ish like this and win? He's NOT in Texas...

jmac
jmac

@fitty_three @jmac  Those nuts who think we never invaded Cambodia are today's Tea Party!  He's reading the tea leaves wrong.  

fitty_three
fitty_three

@jmac

For a while, he showed a bit of moderation but then began a slip into unions as the seat of evil, steepened his dive with Trayvon, and is now using an entire age class to complete his dive into wing nuttery.

I think the periodic idiot locusts from drudge represents a fertile field of 'hits' thus ensuring his greatness.

ahandout
ahandout

@jmac @ahandout @paulejb  We mourn for all who are now under the boot of the IRS and forced to purchase second rate insurance with high out of pocket costs or face the enforcers.  A government that wants to make you feel pain like the Obamagang, will do anything to keep you under their thumb.

MrObvious
MrObvious

@ahandout @MrObvious 

It's okay handy, I know you're butthurt for aligning yourself with a decrepit party. And you're trying so hard rejecting reality because it's unkind to morons like yourself.

I feel for you, but not because you decided to be an idiot. Just because I have the human capacity to do so.

notsacredh
notsacredh

@outsider, he starts blubbering and thanks the hooker for taking his money and beating him up.

fitty_three
fitty_three

ahandout

We don't buy hackneyed propaganda here.

ahandout
ahandout

@fitty_three @ahandout  I live in Liberal La La Land.  We have the highest electric bills, and highest fuel prices.  The state consistently lags behind in the consumer's demand for power; meanwhile, the Liberals spent millions in the last 12 years running television and radio ads lecturing you to turn off your lights, don't use appliances...and good old fashioned global warming alarmism.  Here is some Liberal propaganda just for you.

In California, buy a new air conditioner and you can save the planet.

http://www.youtube.com/watch?feature=player_detailpage&v=NjEYZb9-NX8

MrObvious
MrObvious

@hivemaster @retiredvet 

Especially during the current teabillie fiasco of shutting the government down.

Booker should just point at a cardboard cutout of his opponent with the word tea partier on it and say - 'its me, strippers or mr repealer here'