October 22, 2012

Politico Possum? ‘Romney’s Top Advisers’ Say They Can’t Win Tonight’s Debate Because of Obama’s Foreign Policy ‘Strength’

You don’t know whether to laugh or cry upon reading the Sunday night shots campaign Jim VandeHei and Mike Allen at Politico took at Mitt Romney and his campaign.

Maybe these guys really believe that the Romney campaign is the one which still desperately needs a “last chance to move the needle in any significant way in the swing states that will decide the election,” and that “Obama is slightly better positioned in the states that will dictate the outcome.” If they do, my take is that the Romney campaign is playing possum, and the Politico pair, infused with Beltway naiveté and skewed polling data, are gullibly buying it. Several paragraphs from their effort follow the jump (bolds are mine throughout this post):

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A Two-Video Primer on the Shallowness of the Current ‘Recovery’

Filed under: Economy,Taxes & Government — Tom @ 8:40 am

Unfortunately, they buy into the fiction that recession started in December 2007 when the recession as normal people define it (two or more consecutive quarters of contraction) really began in the third quarter of 2008.

Otherwise, the two videos, which were put together in July and September, respectively, while a bit dry, are nicely done (Part 1; Part 2; HT to an emailer):

 

The YouTube posts have presentation outlines and detailed links to supporting detail. There appears to be a Part 3 in the works explaining why current times are so much more uncertain than they were during analogous periods in the past.

Bill Clinton, in a vain attempt to defend Obama’s record, claims that the American people haven’t been patient enough. The fact is, the American people, with the exception of the Great Depression lengthened by Democrat Franklin Delano Roosevelt, have never had to wait so long to see the economy recover — and it’s nowhere near legitimate recovery yet.

Monday Off-Topic (Moderated) Open Thread (102212)

Filed under: Lucid Links — Tom @ 6:05 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.

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Positivity: Pope canonizes seven saints for the new evangelization

Filed under: Positivity — Tom @ 6:00 am

From Vatican City:

Oct 21, 2012 / 09:37 am

Pope Benedict XVI has canonized seven new saints and prayed that their intercession may “strengthen and sustain” the Church “in her mission to proclaim the Gospel to the whole world.”

The Pope addressed a crowd of tens of thousands on a sunny, Oct. 21 Mass at St. Peter’s Square, raising seven men and women to the altars.

Those included Jacques Berthieu, Pedro Calungsod, Giovanni Battista Piamarta, Marìa Carmen Sallés y Barangueras, Marianne Cope, Kateri Tekakwitha, and Anna Schäffer.
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Overnight Outrage: The Federal Government’s $300-Plus Million Solyndra Bankruptcy Gift to Obama Bundlers

Let’s get the easy part out of the way first. The New York Times and the Associated Press are only covering the outrages emerging in Solyndra’s bankruptcy in the vaguest of terms. The only related Times item I could find was a sentence at the end of an October 11 Green blog post indicating that “the I.R.S. and the Energy Department argue in court papers” against the company’s bankruptcy plan. The AP’s Randall Chase was a bit more specific that day, writing that “The plan allows for two private equity funds that control Solyndra to potentially reap hundreds of millions of dollars in tax breaks after Solyndra emerges from bankruptcy, using net operating losses.” Beyond that, the details are news only in the business press, and even then not to a great extent.

Are the private equity funds (you mean they’re sort of like the eeeevil Bain Capital?) getting hundreds of millions in “tax breaks” as in tax deductions or tax reductions? Unbelievably, it’s the latter (the former is almost $1 billion), as an October 15 Wall Street Journal editorial and an October 17 Bloomberg News item which seemed to be simultaneously trying to catch up to but then cover up what the Journal revealed.

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