Publius' Newsstand

• Michelle O: Barry has done a "phenomenol job"

  A solid B-plus: Michelle Obama defended her husband against some of his most vocal critics, saying President Obama did a "phenomenal" job this year and that change is a long-term process. The first lady talks about her nationwide campaign called "Let's Move." "I think my husband has done a phenomenal job staying on course, looking his critics in the eye, coming up with clear solutions against staying the course," Michelle Obama told Robin Roberts in an exclusive morning television interview on "Good Morning America." "That's what leadership is. But people have the right to criticize the President of the United States." Let me finish that last thought for you, Michelle. I see you rubbing your hands together and thinking, "Yes, for now people have the right to criticize him, but we're working on changing that."

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• Sheriff Joe Arpaio Lends Fundraising Muscle to ...

  Following on the last story, this certainly will help.

  In his letter, being sent out to Arpaio supporters today as part of a 100,000-person national direct mail drop, the sheriff calls Hayworth's decision to challenge McCain "courageous." And he pledges to help Hayworth "every step of the way." "Senator McCain has served this country admirably but it's time to replace his moderate or even liberal positions on taxes, the border, social causes and big bank bailouts with a consistent conservative like J.D.," Arpaio continues. "After years of running over Republican principles his entire career no election year conversion to our way of thinking will save his campaign from voters that want conservatives to be a part of the solution rather than part of the problem," he says.

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• From Right of Radio Dial, a Challenge to McCain...

  Not buying it, Senator McCain.

  McCain now finds himself jammed, moving starkly — and often awkwardly — to the right, apparently in an effort to gain favor among the same voters whom Mr. Hayworth, a consistent voice for the far right, could pull toward him like taffy come summer. McCain now sharply criticizes the bailout bill he voted for, pivoted from his earlier position that the Guantánamo Bay detention facility should be closed, offered only a muted response to the Supreme Court’s decision undoing campaign finance laws and backed down from statements that gays in the military would be O.K. by him... “John is undergoing a campaign conversion,” Mr. Hayworth said. Hayworth’s radio-personality bluster and big emotions.. may now have a part in the greater populist narrative that threatens many of the nation’s more centrist Republicans.

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• Defiant Iran accelerates nuclear program

  I thought Obama was going to talk these things over with his boy Mahmoud and smooth everything out. Instead, Ahmadinejad remains "defiant." How's that hope-y change-y working out for us?

  Iran said Tuesday that it had begun producing higher-grade enriched uranium, marking a new and potentially dangerous turn in Tehran's confrontation with the West over its nuclear ambitions... U.S. National Intelligence Director Dennis C. Blair told the House intelligence committee last week that "Iran has the scientific, the technical, the industrial capacity to produce enough highly enriched uranium for a weapon in the next few years and eventually to produce a nuclear weapon. The central issue is a political decision by Iran to do so."

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• Reid's Jobs Bill will have "Republican Support"

  Looks like there's been some compromise here, as the GOP gets an extension of tax cuts that expired last year. I don't know if this is a good thing - I don't see much incentive for the GOP to do anything but obstruct the Dems at every possible point between now and November.

  I wouldn't want my fingerprints on anything this administration or congress proposes. Reid told reporters the bill would be introduced on Tuesday, and that it would include an extension of the tax breaks... Reid did not say how expensive the jobs bill would be. The Senate had been considering a package of roughly $80 billion. The House passed a larger jobs bill before Christmas, but now plans to unveil a different bill independent of that package, which did not garner Republican support.

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• Without Murtha, Dems now one vote short of pass...

  Didn't realize the implications of Murtha's passing today, which include the following...

  Back in November, the House passed its health care bill by a narrow 220 to 215 margin, with 39 Democrats voting against it. Since then, the one Republican who voted for it — Joseph Cao — has indicated that he would not support the bill a second time around given the weaker language on abortion in the Senate version. In addition, Florida Rep. Robert Wexler already retired prematurely. Factor in Murtha’s death today, and Pelosi is down to 217 votes — one short of passage. To pass the bill at some point in the next few months, she’ll need to flip a Democrat who is already on record voting against the bill.

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• Republicans and the Populist Temptation could T...

  A warning from my favorite economic analyst, Donald Luskin.

  Don't think that Republicans can't be sucked in when an anti-Wall Street lynch mob gets its blood up. Recall that Sarbanes-Oxley, the devastating antigrowth response in 2002 to the Enron and Worldcom scandals, was passed with virtually unanimous support by Republicans in Congress, and signed by a Republican president. Recall that last year 85 House Republicans voted for a 90% tax on bonuses for any employee of any bank that took more than $5 billion in TARP money. Investors got some good news last Friday. Stocks resisted following through on Thursday's sharp plunge after (Congress) reached an impasse on bank re-regulation. That's a nice down payment on what investors need a lot more of now: proof that the GOP won't join Democrats in a populist rush to seek revenge against Wall Street.

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• Message to Democrats: Wall St. Sends Cash to GO...

  Great news, but these guys were a little late in realizing that Obama wants to destroy all their corporations and confiscate their money. Not quite sure how they missed that.

  Just two years after Mr. Obama helped his party pull in record Wall Street contributions — $89 million from the securities and investment business, according to the nonpartisan Center for Responsive Politics — some of his biggest supporters, like Mr. Dimon, have become the industry’s chief lobbyists against his regulatory agenda. Republicans are rushing to capitalize on what they call Wall Street’s “buyer’s remorse” with the Democrats. And industry executives and lobbyists are warning Democrats that if Mr. Obama keeps attacking Wall Street “fat cats,” they may fight back by withholding their cash.

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• Dow closes below 10,000 for first time in 3 mon...

  The Dow sinks below a major psychological threshold.

  The Dow, down almost 104 points, had its 10th triple-digit move in 16 trading days. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses.

  I can't, for the life of me, understand why bank stocks would be dropping. Inexplicable.

    Views: 57 Comments: 2

• Poll: Special interests more influential under ...

  Voters are now categorically rejecting every claim or promise made by this guy.... including democrats:

  Contrary to President Obama's promises, voters say special interests have more influence on the political process now than they did a year ago, according to a new poll. The poll, paid for by groups looking to curb the Supreme Court's recent campaign finance ruling, found that majorities of both Republicans and Democrats say special interests have increased their influence since the president took office, and they say Mr. Obama has not done enough to fight back.

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