Publius' Newsstand

• 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.

    Views: 117 Comments: 1

• 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.

    Views: 77 Comments: 3

• 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.

    Views: 78 Comments: 2

• 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.

    Views: 59 Comments: 1

• GOP leaders: Don't use current health bills for...

  Boehner and Cantor say the Pubs aren't going to be a part of any Presidential photo-op/dog-and-pony show:

  If the starting point for this meeting is the job-killing bills the American people have already soundly rejected, Republicans would rightly be reluctant to participate,” the pair explained in a letter to White House Chief of Staff Rahm Emanuel. They also said President Barack Obama should remove reconciliation from the table. Using budget reconciliation rules to move healthcare reform in the Senate would mean Democrats would only need 51 votes on procedural measures instead of 60... On Sunday afternoon however, Obama refused to say he would start from scratch.

    Views: 65 Comments: 2

• Jack Murtha (D-PA) Dead at Age 77

  Sad news. Prayers and well wishes to his family and loved ones.

  An announcement from his office said Murtha died at 1:18 p.m. at the Virginia Hospital Center, where he had been admitted last week after having his gallbladder removed at Bethesda Naval Hospital.

    Views: 166 Comments: 6

• I thought of killing myself, says climate scand...

  He doesn't need to go that far. But a lengthy jail sentence for the fraud-of-the-century would go a long way.

  The scientist at the centre of the “climategate” email scandal has revealed that he was so traumatised by the global backlash against him that he contemplated suicide. Jones, 57, said he was unprepared for the scandal: “I am just a scientist. I have no training in PR or dealing with crises.”

  Actually, he's using the term "scientist" loosely there, given that real scientists don't do what he did. And while he may not have any training dealing with crises, he sure was good at generating one: it was called the global warming crisis.

    Views: 146 Comments: 3

• Yet again: China Renews Opposition to Iran Sanc...

  And for Obama's next act, he will, um, wait for it ... >> Reflecting a growing catalog of disputes between Washington and Beijing, a senior Chinese official said Thursday that pressure for tighter sanctions against Iran over its nuclear program could block chances of a diplomatic settlement on the issue. The official, Foreign Minister Yang Jiechi, was speaking in Paris less than a week after Secretary of State Hillary Rodham Clinton rebuked China over its opposition to stronger measures against Tehran, saying Beijing’s position was shortsighted. <<

    Views: 113 Comments: 3

• Franken feeling his oats: Rips into Axelrod ove...

  Smile. Gnawing on each others' legs: >> Five sources who were in the room tell POLITICO that Franken criticized Axelrod for the administration’s failure to provide clarity or direction on health care and the other big bills it wants Congress to enact. The sources said Franken was the most outspoken senator in the meeting, which followed President Barack Obama’s question-and-answer session with Senate Democrats at the Newseum on Wednesday. But they also said the Minnesotan wasn’t the only angry Democrat in the room. “There was a lot of frustration in there,” said a Democratic senator who declined to be identified. “People were hot,” another Democratic senator said. <<

    Views: 124 Comments: 3

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