Posts Tagged ‘Nancy Pelosi’

Obamacare Career Ending Votes; Republican Chance to Win Senate; Expect House Blowout; Stimulus Appetite Greatly Diminished

Obamacare Career Ending Votes; Republican Chance to Win Senate; Expect House Blowout; Stimulus Appetite Greatly Diminished

nancy pelosiCourtesy of Mish

The public is still angered over Obamacare so much so that Dems Find Careers Threatened by Obamacare Votes

Seven months ago, Speaker Nancy Pelosi spent a busy week rounding up votes to pass the Senate version of the Democrats’ health care legislation.

It wasn’t easy. She had to get Democrats who had voted no in November to switch to yes in March. And she had to get Democrats who had refused to vote for the bill in November without an anti-abortion amendment to vote for a bill in March that lacked that language.

What about the districts of the House Democrats who cast the key votes that made Obamacare law? So how are they doing?

Take Betsy Markey of Colorado 4, who in 2008 beat a Republican who seemed fixated on the same-sex marriage issue. Markey cast a late-in-the-roll-call no in November, then publicly switched to yes in the week before the March 21 roll call. She’s currently trailing Republican Cory Gardiner by an average of 44 to 39 percent in three polls.

Consider John Boccieri of Ohio 16, who switched from no to yes in a TV press conference in which he said the bill would do great things for his constituents. Boccieri’s district was represented by Republicans for 58 years until he was elected in 2008. It looks like it will be again next year. In three polls, Republican Jim Renacci leads Boccieri by an average of 46 percent to 36 percent.

Then there is Suzanne Kosmas, a longtime real estate agent who beat a Republican with an ethics issue in 2008. She announced her switch from no to yes late in the week before the roll call. She’s now running behind Republican Sandy Adams by an average of 47 percent to 40 percent in three recent polls.

To put these numbers in perspective, it’s highly unusual for an incumbent House member to trail a challenger in any poll or to run significantly below 50 percent. But these three Democrats are running 5 to 10 points behind Republican challengers, and none tops 40 percent.

The article notes that Bart Stupak of Michigan 1 opposed the original bill over an abortion clause along with 5 others known as the "Stupak Five".

Bart switched his vote when…
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House Holds Nose, Passes War Funding Bill after Pressure from Pelosi; Why the Afgan War is Lost

House Holds Nose, Passes War Funding Bill after Pressure from Pelosi; Why the Afgan War is Lost

Courtesy of Mish

I did not vote for President Obama, I wrote in Ron Paul.

Nonetheless, the two things I was confident President Obama would do right were reduce military spending and get us out of Guantanamo Bay Cuba.

I was wrong on both counts. Worse yet, the President appears to be as much a warmonger as Bush although admittedly he did not start any wars.

The one thing that bothers me most is how the Democratic sheep go along with anything Obama wants, even if it is against their core beliefs.

Here is a stunning example to prove that charge. Please consider House-OK’d war funding bill faces Senate trouble.

Despite pessimism that the war in Afghanistan is turning out to be a quagmire, Democrats controlling the House muscled through a plan Thursday to finance President Barack Obama’s troop surge, but only after sweetening the measure with last-ditch moves to salvage their faltering jobs agenda.

Long delayed, the approximately $80 billion bill was passed amid building pressure on Democrats to act before their weeklong Fourth of July break begins. But the Senate approved a significantly slimmer measure in May and it’ll take additional weeks to reconcile the differences between the two battling chambers.

The crucial vote to advance the measure under unusually convoluted floor rules came on a 215-210 tally to bring up the nearly $60 billion Senate-passed measure for debate. Democrats added more than $20 billion for domestic programs late Thursday, including $10 billion in grants to school districts to avoid teacher layoffs, $5 billion for Pell Grants to low-income college students and $700 million to improve security along the U.S.-Mexico border.

House Republicans supportive of the Afghanistan effort voted against the measure, angered that Democrats were using the must-pass legislation to try to advance unrelated spending.

"The Democrat majority is treating this troop funding bill like a cash-cow for their election-year wish-list," said Rep. Jerry Lewis, R-Calif.

But top Democrats such as Obey and Speaker Nancy Pelosi, D-Calif., insisted on adding the domestic dollars, viewing the war funding bill as their last, best shot to resuscitate their faltering jobs agenda. The money was critical to winning support from Democrats frustrated over deepening Senate gridlock that has killed, among other ideas, $24 billion in aid to cash-starved states


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Pelosi Tactic for Health-Care Vote Would Raise Legal Questions

Pelosi Tactic for Health-Care Vote Would Raise Legal Questions

By Greg Stohr at Bloomberg

March 18 (Bloomberg) — House Speaker Nancy Pelosi may be creating new grounds for a court challenge to the proposed U.S. health-care overhaul as she considers using a mechanism that would avoid a vote on the full legislation.

Pelosi said this week she might use a parliamentary technique that would “deem” House members to have passed the Senate’s health-care plan by voting for a more politically palatable package of changes.

Some legal scholars question whether that approach can be squared with the Constitution and the Supreme Court’s 1998 declaration that the two houses of Congress must approve “precisely the same text” before a bill can become a law.

“Any process that does not result in the House taking of yays and nays on statutory text identical to what passed the Senate is constitutionally problematic,” said Jonathan Adler, a professor who runs the Center for Business Law & Regulation at Case Western Reserve University’s law school in Cleveland… more here.>>

See Also Op-Toon’s Review:

With Polls Overwhelmingly Against Them, Democrats Invoke "Louise Slaughter Rule" 

The Slaughter-Rule Massacre 

Associated article: Hoover Institution 
 
 
 

 

 

 

 

 

 


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Henry Paulson’s Longest Night

Henry Paulson’s Longest Night

By Todd S. PurdumVanity Fair, October 2009

In 2006, Goldman Sachs C.E.O. Henry Paulson reluctantly became Treasury secretary for an unpopular, lame-duck president. History will score his decisions, but the former Dartmouth offensive lineman definitely left everything on the field. In private conversations throughout his term, as crisis followed crisis—Bear Stearns, Fannie Mae and Freddie Mac, Lehman Brothers, A.I.G., and so forth—Paulson gave the author the inside track, from the political lunacy and bailout plans to the sleepless nights and flat-out fear, as he battled the greatest economic disruption in 80 years.
 Henry Paulson

Henry Paulson, then the Treasury secretary, in his office last September, the month Lehman fell and the bailout took shape. By Nigel Parry/CPi Syndication.

 

 

 

 

 

 

It was February 2008, and Henry M. Paulson Jr., a prince of Wall Street turned secretary of the Treasury, was reflecting on his biggest achievement to date: a $168 billion economic-stimulus package that had passed Congress four days earlier after swift, bipartisan prog ress through both houses. In light of all the later twists and turns that the global financial system and the national economy took, this measure would come to seem quaint and fainthearted. But at the time, it was a very big deal indeed, and Paulson felt justifiably proud. The stimulus had been his baby. Paulson had persuaded George W. Bush, whose relations with both parties in Congress were by then close to toxic, to articulate only the broadest principles, and not to present a detailed plan. Paulson himself, in endless night and weekend negotiations with congressional leaders, had delivered the final package.

“Nancy Pelosi to me was a wonder in this deal, and she was available 24-7, anytime I called her on the cell phone,” Paulson told me, his hulking frame unfolding in a comfortable chair in his office at the Treasury, dominated by an oil portrait of his first pred e ces sor, Alexander Hamilton. “She was engaged, she was decisive, and she was really willing to just get involved with all of her people on a hands-on basis.” Paulson paused. “Now let me … I’ll be there in one minute … Let me just make a … I have been, you know … I finished this thing on Thursday night, flew over to Tokyo,…
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Phil's Favorites

The Future Of Remote Work, According To Startups

Courtesy of Visual Capitalist's Theresa A.G. Wood

No matter where in the world you log in from—Silicon Valley, London, and beyond—COVID-19 has triggered a mass exodus from traditional office life. Now that the lucky among us have settled into remote work, many are left wondering if this massive, inadvertent work-from-home experiment will change work for good.

In the following charts, we feature data from a comprehensive survey conducted by UK-based startup network Founders Forum, in which hundreds of founders and their teams revealed their experiences of remote work and their plans for a ...



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Zero Hedge

The Future Of Remote Work, According To Startups

Courtesy of Visual Capitalist's Theresa A.G. Wood

No matter where in the world you log in from—Silicon Valley, London, and beyond—COVID-19 has triggered a mass exodus from traditional office life. Now that the lucky among us have settled into remote work, many are left wondering if this massive, inadvertent work-from-home experiment will change work for good.

In the following charts, we feature data from a comprehensive survey conducted by UK-based startup network Founders Forum, in which hundreds of founders and their teams revealed their experiences of remote work and their plans for a ...



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ValueWalk

Lawmakers Highlight Admin's Failure to Get States PPE & Tests

By Anna Peel. Originally published at ValueWalk.

WASHINGTON, D.C. – At today’s House Homeland Security Committee hearing on “Reviewing Federal and State Pandemic Supply Preparedness and Response,” the Trump administration came under fire for its continued failure to help states get the resources they need to protect people from Coronavirus.

Q2 2020 hedge fund letters, conferences and more

...

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Biotech/COVID-19

While coronavirus cases spike in the South, the Northeast seems to have it under control - here's what changed

 

While coronavirus cases spike in the South, the Northeast seems to have it under control - here's what changed

Face masks and social distancing have become the norm in New York City. Noam Galai/Getty Images

Courtesy of Taison Bell, University of Virginia

Hospital Capacity Crosses Tipping Point in U.S. Coronavirus Hot Spots” – Wall Street Journal

This is a head...



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Kimble Charting Solutions

Tech Leader Hitting Brick Wall of Resistance and Going To Reverse Its Trend?

Courtesy of Chris Kimble

Is leadership running into a brick wall of resistance and about to pull an important reversal? A strong bullish trend looks to be experiencing an important breakout test!

The trend for SMH remains up as it has spent the past 10-years inside of rising channel (1).

This chart looks at Semiconductor ETF (SMH) on a monthly basis since inception. Fibonacci was applied to the 2000 highs and 2008 lows.

Fibonacci was applied to it’s 2000 highs and 2008 lows.

The rally off the March lows, which tested the 2000 highs, has it currently testing the und...



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Digital Currencies

Chainlink Crypto Surges To A New All-Time High - Here's Why...

Courtesy of ZeroHedge View original post here.

Authored by Joseph Young via CoinTelegraph.com,

Surging volume, price discovery, and new partnerships pushed Chainlink price to a new all-time high at $8.48...

image courtesy of CoinTelegraph

...

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The Technical Traders

Gold & Silver Measured Moves

Courtesy of Technical Traders

The next few weeks are certain to attract much attention to precious metals.  Hardly anyone can argue that Gold has not experienced an incredible upside price rally over the last 12+ months.  Recently, Gold closed above $1800 for the first time since 2011.  Our researchers believe the next target is $1935.  Keep reading to learn why we believe this is the next major price target for Gold.

Gold Weekly Price Analysis

Over the past 18+ months, Gold continues to develop price patterns that seem to be replicating going forward.  This pattern consists of an advance in price followed by consolidation/rotation in price to set up a new momentum base.  The example of this price advance ...



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Chart School

Dow 2020 Crash Watch - Update

Courtesy of Read the Ticker

Like 1929 the markets have bounced. This time it is on the back of the FED $6.5T money printing.

Previous Post: Dow 2020 Crash Watch 

But can the FED blow $6T every time the market rolls down to test support.

Yes, maybe before the US 2020 elections the FED will do 'what it takes'. But post elections not so much, the year 2021 is a long way from the next election (presidential or congress) and defense of the markets may not be so supportive at $6T or $10T per market smash. The FED may hesitate, and that will be window for stocks to break lower.

The 36 month simple moving a...

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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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