Adapted and excerpted from the CFAF Newsletter of Nov 2, 2010
Rachel Maddow analyzes the Democratic record being judged on Election Day: "A lot of hard stuff done on hard problems in a short amount of time.": "The legislative agenda of the last 21 months was policy, not politics. It was designed to get stuff done for the country and in that sense, it's an investment in long-term political reward, not short-term political reward ... Hard votes with long-time horizons that don't translate into killing the other party in the next election."
Rachel Maddow analyzes the Democratic record being judged on Election Day: "A lot of hard stuff done on hard problems in a short amount of time.": "The legislative agenda of the last 21 months was policy, not politics. It was designed to get stuff done for the country and in that sense, it's an investment in long-term political reward, not short-term political reward ... Hard votes with long-time horizons that don't translate into killing the other party in the next election." Health reform already working, as small businesses expand coverage thanks to tax incentives. WSJ: "The number of small businesses offering health insurance to workers is projected to increase sharply this year, recent data show, a shift that researchers attribute to a tax credit in the health law ... According to a report by Bernstein Research in New York, the percentage of employers with between three and nine workers and which are offering insurance has increased to 59% this year, up from 46% last year." GM ready to gradually reduce government stake, as Treasury forces plan to maximize taxpayer investment. NYT: "The automaker is planning a three-for-one stock split that will bring its total outstanding shares to about 1.5 billion ... Through the offering, the Treasury Department, which gained a 61 percent stake in G.M. as part of its $50 billion bailout of the company last year, will sell about $7 billion worth of shares. That will cut its holdings in the company to just more than 43 percent ... Treasury intends to further reduce its holdings with subsequent stock sales over several years ... The company’s former government-appointed chief executive, Edward E. Whitacre Jr., had expressed a desire to sell the Treasury Department’s stake all at once if possible. But Treasury pushed back, seeking to maximize the price it fetched for its shares." Who turns out will make the difference. W. Post's E. J. Dionne: "Perhaps the likely voter screens are wrong and young voters will surprise the pollsters. Or the Democrats will have to go back and ask themselves if there was more they could have done to keep younger voters engaged. And the country will have to ask if it should be drawing excessively broad conclusions about the entire country from a midterm election in which older voters are vastly overrepresented compared with members of the rising generation." Third Way seeks to expand influence with Dems, attack "left-wing economic populism." Politico: "With cap and trade effectively dead in a Republican House, Third Way will release a 'Plan B”' for energy reform. On Dec. 7, it’s hosting a summit on nuclear energy — one of the group’s big causes — with Energy Secretary Steven Chu and Obama energy czar Carol Browner. It will come out with a paper on the need for changes that could save Social Security, which it presents as a direct challenge to economist Paul Krugman."
Health reform already working, as small businesses expand coverage thanks to tax incentives. WSJ: "The number of small businesses offering health insurance to workers is projected to increase sharply this year, recent data show, a shift that researchers attribute to a tax credit in the health law ... According to a report by Bernstein Research in New York, the percentage of employers with between three and nine workers and which are offering insurance has increased to 59% this year, up from 46% last year."
GM ready to gradually reduce government stake, as Treasury forces plan to maximize taxpayer investment. NYT: "The automaker is planning a three-for-one stock split that will bring its total outstanding shares to about 1.5 billion ... Through the offering, the Treasury Department, which gained a 61 percent stake in G.M. as part of its $50 billion bailout of the company last year, will sell about $7 billion worth of shares. That will cut its holdings in the company to just more than 43 percent ... Treasury intends to further reduce its holdings with subsequent stock sales over several years ... The company’s former government-appointed chief executive, Edward E. Whitacre Jr., had expressed a desire to sell the Treasury Department’s stake all at once if possible. But Treasury pushed back, seeking to maximize the price it fetched for its shares."
Who turns out will make the difference. W. Post's E. J. Dionne: "Perhaps the likely voter screens are wrong and young voters will surprise the pollsters. Or the Democrats will have to go back and ask themselves if there was more they could have done to keep younger voters engaged. And the country will have to ask if it should be drawing excessively broad conclusions about the entire country from a midterm election in which older voters are vastly overrepresented compared with members of the rising generation."
Third Way seeks to expand influence with Dems, attack "left-wing economic populism." Politico: "With cap and trade effectively dead in a Republican House, Third Way will release a 'Plan B”' for energy reform. On Dec. 7, it’s hosting a summit on nuclear energy — one of the group’s big causes — with Energy Secretary Steven Chu and Obama energy czar Carol Browner. It will come out with a paper on the need for changes that could save Social Security, which it presents as a direct challenge to economist Paul Krugman."
