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 By on November 28th, 2012 GOP cooks up new excuse to oppose Susan Rice
Zachary Roth, @zackroth
4:33 pm on 11/28/2012
Sen. Susan Collins, R-Maine, ranking Republican on the Senate Homeland Security and Governmental Affairs Committee walks to a meeting on Capitol Hill in Washington, Wednesday, Nov. 28, 2012, for a meeting with UN Ambassador Susan Rice. (AP Photo/ Evan Vucci)
Sen. Susan Collins has unveiled the latest reason to oppose Susan Rice as Secretary of State. And it makes even less sense than the previous ones.
At a press conference after meeting with Rice, the U.S. ambassador to the U.N., Collins said Rice’s response to the attacks on the U.S. Consulate in Benghazi, Libya had an “eerie echo” of the bombings of two U.S. embassies in Africa in 1998, when Rice served as the head of the State Department’s Africa region.
“She had to be aware of the general threat assessment and of the ambassadors’ request for more security,” Collins, a Maine Republican, said of Rice’s role in that incident.
But a far more devastating terrorist attack occurred three years later, when a different Rice, Condoleezza, served as National Security Adviser to President Bush. Indeed, in August 2001, Bush and Condoleezza Rice received a CIA memo headlined: “Bin Laden Determined To Strike In U.S.” If ever a government official “had to be aware of the general threat assessment,” it was Condoleezza Rice then.
Collins didn’t think so, though. It’s easy to ”go back now and pick out a clue here and a [read more]
By on November 28th, 2012 GOP divide over Obama tax plan goes public
STORY HIGHLIGHTS
Treasury Secretary Tim Geithner will meet with congressional leaders
Republican Rep. Tom Cole says the House should pass President Obama’s tax plan
Obama is making his case directly to the American people this week
Republicans complain Obama refuses to provide a detailed deficit plan
Washington (CNN) — An angry warning by President Barack Obama delivered well over a year ago foreshadowed his campaign-style approach on Wednesday aimed at pressuring Republicans to compromise and reach a deal to avoid the fiscal cliff.
In remarks at the White House, Obama urged Americans to call, e-mail and tweet their members of Congress to urge immediate passage of his proposal to extend tax cuts for most Americans while allowing rates on the wealthiest 2% to increase to 1990s levels.
“Let’s begin our work with where we agree,” the president said, noting the Senate has passed the measure and that both parties agree on holding down rates for the majority of taxpayers. “If we can get a few House Republicans to agree as well, I’ll sign this bill as soon as the House sends it my way.”
To applause from the White House audience that included those described by organizers as middle-class Americans, the president held up a pen to demonstrate his willingness to sign the law as soon as it reaches his desk.
Meanwhile, a rift among House Republicans on whether to give Obama what the wants became public Wednesday, with two conservatives saying the tax proposal would likely pass if [read more]
By on September 13th, 2011 By Brett Arends, MarketWatch
NEW YORK (MarketWatch) — You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy?
There’s a way to do it. Fast. And relatively simple.
But you’re not going to like it. You’re not going to like it at all.
Default. A national Chapter 11 bankruptcy.
The fastest way to fix this mess is to see tens of millions of homeowners default on their mortgages and other debts, and millions more file for bankruptcy.
Click to Play
Roy Smith: Break up the banks, even Goldman
Fears of recession, tough trading conditions, an ocean of unresolved litigation and the worsening euro-zone mess have delivered a real pounding to bank stocks this summer. Former Goldman Sachs partner Roy Smith joins Mean Street to offer a solution: Break up the banks.
I told you that you wouldn’t like it.
I don’t like it much either. It sticks in the craw that people got to borrow all that money and won’t have to pay it back.
But you know what? The time to stop that was five or 10 years ago, when the money was being lent.
It’s gone.
And mass Chapter 11 is, by far, the least obnoxious solution to our problems.
That’s because the real cause of our economic slump isn’t too much government or too little government. It isn’t red tape, high taxes, low taxes, the growing divide between the rich and the poor, too much government debt, too little government debt, corporations, [read more]
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