Mike Bloomberg made it very clear he was going so spend his fortune on causes her cares about, promising to bounce the check to the undertaker. With a net worth of aorund $30 billion, that gives him quite a bit of money to spend. With that as a backdrop, we now have news that Bloomberg gave $2.5 million to Senate Majority PAC which is formed to help Senate Democrats keep their majority. This is a serious commitment and signals that Bloomberg will be very active in this and upcming election cycles, giving the Democrats a powerful money source to counter the millions being spent by the Koch brothers and Sheldon Adelson.
President Obama gives an emotional thanks to his campaign staff in Chicago. Here’s a look at the amazing ground game and micro-targeting operation of the Obama campaign.
For years, Republicans used the culture wars to bludgeon Democrats as issues like abortion and gay marriage were used to rally their base.
Now we’re seeing Democrats get much more energized about these issues as Republicans have gone so far to the right on issues like abortion and contraception.
This election will provide an interesting test as to whether this strategy will work. Take a look at the Obama ad above calling out Mitt Romney for some of his more extreme statements he made on the subject of abortion.
You can’t really blame Ann Coulter and others on the right for their reactions to Newt’s victory in South Carolina. But the right deserves this. They’ve been built on hatred and contempt for the left and for Barack Obama, so this is what they get.
Elizabeth Warren is a natural because she can articulate her philosophy in a way that connects with regular voters. Here she takes on the “class warfare” charge.
Scott Brown must be getting pretty nervous . . .
Tags: 2012 Senate elections, 2012 Senate Massachusetts, class warfare, Elizabeth Warren, Elizabeth Warren campaign, Elizabeth Warren candidate, Elizabeth Warren Harvard, Elizabeth Warren Senate, Elizabeth Warren The Natural, Scott Brown
I was pretty happy to see Elizabeth Warren declare her candidacy against Scott Brown in Massachusetts, and after seeing her on television as a candidate I’m pretty confident she can win this race and be a huge asset for the Democrats.
A poll just came out showing her with a lead over Scott Brown, making up a huge gap in a short period of time after her announcement. This is just one poll, and it was taken when she was getting a lot of press, but she’s clearly getting the attention of voters in a positive way.
Watch the clip above, and regardless of your politics, you can see someone who has a passion for what she’s doing, and someone who enjoys politics and interacting with voters. That’s a huge asset, and it’s a characteristic you see in very successful politicians like Ronald Reagan and Bill Clinton. As I said in the title, despite the fact that she’s a Harvard professor, she’s a natural when it comes to connecting with voters.
Part of that stems from her message. The deck is stacked these days in favor of corporations and the wealthy, while the middle class and working poor get screwed. Her push for the Consumer Financial Protection Bureau illustrates this issue. Banks and credit card companies want to confuse people with the fine print. The idea behind this agency is to simplify and standardize the process facing consumers when they purchase financial services, and it was fought like crazy by the big banks. Had we had an agency like this 5 years ago, we wouldn’t have had the avalanche of bad mortgages that led to the financial crisis. Warren pushed this agency when nobody thought it would ever get passed. President Obama supported it and with persistence they were able to get it into the Dodd-Frank financial reform bill.
I’ll be posting another video soon of Warren address the “class warfare” charges from Republicans. She’s a great advocate for the progressive philosophy and she’s going to be an asset for the Democrats.
Tags: 2012 Senate elections, CFPA, CFPB, Consumer Financial Protection Agency, Consumer Financial Protection Bureau, Dodd-Frank financial reform law, Elizabeth Warren, Elizabeth Warren campaign, Elizabeth Warren candidate, Elizabeth Warren Harvard, Elizabeth Warren Senate, Elizabeth Warren The Natural, protecting consumers, Scott Brown
I’m watching the coverage of the debt deal, and it’s difficult listening to people like Chris Matthews who manage to sound clueless as they let their emotions overcome their ability to think.
Of course this is a short term win for the Tea Party and the Republicans. They had leverage, as enough of them were crazy enough and dumb enough to let the stalemate continue through August 2nd, risking economic catastrophe.
Also, President Obama took the calculated risk of going for a grand bargain. Those efforts failed, and that made it more difficult in the end game. That said, he earned long-term political points, as the public was educated about the need for a balanced approach and polls show they support that in overwhelming numbers.
Now we move to the new gang of 12 and the next phase of the debt deal. Ezra Klein makes a great point, arguing that Democrats will likely prefer the trigger as opposed to a deal if the GOP won’t budge on revenues.
The trigger would also result in massive defense cuts.
So, if the Democrats prefer a trigger if a deal can’t include revenues, and many Republicans will want to avoid defense cuts, this gives the Democrats leverage!
These details are important, and commentators like Matthews should wait to understand these dynamics before whining about the deal.
Elizabeth Warren just declined on MSNBC to rule out a run for the US Senate in Massachusetts against Scott Brown in 2012. She indicated that she’s been working 14-hour days for the past year to set up the Consumer Financial Protection Bureau and that’s she’s very much wants to go home to Massachusetts and go on vacation with her grandchildren. Who can blame her.
This will, however, become a huge story if she decides to run. Scott Brown will be tough to beat, but Warren gives the Democrats a chance in a year where they will need pickups to keep control of the Senate. The decision by President Obama to appoint Richard Cordray to head the bureau instead of Warren will disappoint many liberals, but the left will be much better off with Warren as a candidate for Senator as pointed out by Ezra Klein.
One of the themes of the 2012 election will be the interests of corporations and the wealthy versus the interests of ordinary Americans. Obama is itching for this fight, and Warren will be a huge assets who will energize liberals and also appeal to independents.
The GOP discipline has completely broken down over the past week in the debt ceiling negotiations. All year they’ve been playing a game of Russian Roulette with the economy, trying to use a potential default to force massive spending cuts. In many ways the strategy worked well, as President Obama and the Democrats put just about everything on the table.
But, as usual, the ideologues are overplaying their hand, so much so that Mitch McConnell buckled under the pressure of the business community and basically said he’d let the president raise the debt ceiling without any cuts.
The guy at the center of all this is Eric Cantor, whose either too stupid or too ambitious to take yes for an answer. He can get massive cuts if he just includes some revenues in a deal, but instead he’s pushing the talks to the brink of disaster. Last night he also tried to imply that the President lost his cool in the last meeting, though all other accounts tell a different story.
Meanwhile, the polls are starting to shift in Obama’s favor with regard to the debt and the economy – at least when compared to congressional Republicans. That’s what happens when smarmy guys like Cantor become the face of the GOP.
Dana Milbank nailed it yesterday, even before Cantor’s latest performance last night in the negotiations where he again refused to budge.
His antics from last night are being branded as childish, and the Democrats smell blood and are now taking direct aim at Cantor. Harry Reid is more than happy to negotiate now with Mitch McConnell who is desperate to avoid the potential catastrophe that he and other Republicans created.
They clearly thought Barack Obama would fold, but they were mistaken. Obama has called their bluff, and they look like panicked fools at the poker table.
It looks like we’re heading for an ugly end game for the debt ceiling confrontation. Ezra Klein explains:
Klein goes on to explain that things will likely get ugly. Both sides are digging in their heals, and only a crisis or market meltdown will get them to move. Perhaps something else will change the dynamic, like the proposal coming from Kent Conrad and the Senate Democrats, but that seems unlikely.
As Klein explained, Obama has been quiet because he was hoping for a deal. Now that the Republicans want a fight, they are going to get one. Nobody likes taxes, but the notion that we can’t have any new revenues, including closing corporate tax breaks, when we’re facing a $15 trillion debt is totally absurd. The polls are in Obama’s favor when it comes to increasing taxes on the wealthy.
That said, the GOP is currently run by the extremists in the Tea Party who won’t compromise on anything. It’s probably going to get ugly . . .