As the 2012 election surges forward, the Obama campaign has released a lengthy report detailing 445 of the President’s top "bundlers" — networks of fundraisers who collect large bundles of checks — including wealthy investors, Hollywood moguls, and big-name real estate tycoons. In total, the 445 bundlers doled out $74-100 million to the Obama campaign, according to figures estimated by NBC News.
From 1993 until midway through 2011, Newt Gingrich repeatedly and quite forcefully argued that the federal government ought to impose an ObamaCare-like individual mandate on Americans, requiring them to have health insurance or otherwise to demonstrate that they can pay their future healthcare bills. (Regular readers of The New American are well aware of this because this publication has covered the story extensively.) However, a recently unearthed recording of a 2009 conference call featuring the former Speaker of the House is getting quite a bit of attention in the blogosphere because it suggests to some that Gingrich explicitly endorsed the healthcare legislation then beginning its trek through the legislative process.
Just when CoreLogic, the California-based mortgage data provider, began to wax optimistic about the housing market, the Census Bureau and the S&P/Case-Shiller index doused their enthusiasm with some cold facts and daunting data.
“We need a larger firewall.” So declared Christine Lagarde, Managing Director of the International Monetary Fund (IMF) during a speech in Berlin on January 23, 2012, in which she called on taxpayers of the world to chip in $1 trillion to the IMF to stave off a global crisis. “We need to act quickly or else we could easily slide into a 1930s moment,” Lagarde warned, in an obvious reference to the Great Depression.
A U.S.-based missions support organization has mounted a petition drive aimed at pressuring a group of respected Bible translators to change how they present the relationship between God and Jesus in Arabic and Turkish Scripture translations geared for Muslim readers. According to the group Biblical Missiology, Wycliffe Bible translators, the Summer Institute of Linguistics (SIL), and a group called Frontiers have produced scriptural translations that replace “Father,” “Son,” and “Son of God,” with other words because such terms may be offensive to Muslim readers.
Following months of high-profile pressure by pro-life groups concerned over its ties to the abortion industry, Susan G. Komen for the Cure, one of the nation’s largest breast cancer charities, announced that it was halting its long-time funding of Planned Parenthood, the nation’s leading abortion provider. As reported by the New York Times, the long-anticipated move will cut funding to 19 of Planned Parenthood’s 83 franchises, which have received money from Komen since 2005.
In the summary of its “Budget and Economic Outlook” published on Tuesday, the Congressional Budget Office (CBO) noted the supportability of deficit spending even under its “alternative” analysis. Noted the CBO: “Even if the fiscal policies specified by current law come to pass, budgetary challenges over the longer term remain — and the challenges will be much more acute if those policies do not remain in place.” It added:
Venezuelan strongman Hugo Chavez threatened to nationalize private banks which refuse to obey an official mandate and finance the regime’s development projects, sparking more concerns about the future of Venezuela and its ailing economy. The socialist “President” also vowed to step up his failed land confiscation and redistribution schemes.
President G.W. Bush might very well have been sincere when he proclaimed, “I’m a uniter, not a divider,” but it nevertheless was boilerplate political rhetoric. Barack Obama, too, campaigned on the idea of uniting our nation. It’s an interesting fantasy.
During a surprise visit to the Washington Auto Show Tuesday, President Obama touted his administration’s efforts in re-energizing the U.S. automobile industry, while castigating those who were "willing to let the industry die." Trumpeting American ingenuity and economic achievement, the President hopes to capitalize on the "government rescue" of General Motors and Chrysler as a political advantage for his 2012 reelection campaign.