President Barack Obama will speak to donors to Organizing for Action, the group that was formerly his reelection campaign, this Wednesday in Washington, D.C. "President Obama will speak to a Wednesday-night dinner for donors and grassroots supporters at the Founders' Summit of Organizing for Action, the nonprofit successor organization to his campaign," reports Mike Allen.
The world continues to experience much turmoil and angst over the possible proliferation of nuclear arms, particularly relative to North Korea, Iran, and even Russia. Just today comes word that North Korea made its most provocative statement yet, threatening a preemptive nuclear strike on the United States.
Today is a good day for the Democratic National Committee. Duke Energy, which helped bankroll the Democratic convention in Charlotte last year with a $10 million loan, announced it would forgive the Democratic party of its massive debt.
Over the weekend, the New York Times reported that donating $500,000 to the group Organizing for Action will get one quarterly meetings with President Barack Obama. "Giving or raising $500,000 or more puts donors on a national advisory board for Mr. Obama’s group and the privilege of attending quarterly meetings with the president, along with other meetings at the White House," reported the Times.
Today, Jay Carney was unable to defend this arrangement at the White House press briefing, implausibly stating that the Obama group is somehow not related to Obama:
David Axelrod has hired a spokesman for Eric Holder, Mike Allen notes. "TRACY SCHMALER, director of the Justice Department Office of Public Affairs, departs March 8 to join ASGK Public Strategies, co-founded by David Axelrod, as managing director and head of a new practice group focusing on crisis communications, litigation/regulatory/congressional matters, and issues management," reports Allen.
It's Valentine's Day, and today the Republicans heard President Obama say those three little words they never thought they'd hear: "out of money." While speaking on early childhood education in Decatur, Georgia, the president said, according to the White House transcript:
Jack Lew, who has been nominated as the next treasury secretary, oversaw up as many as a hundred Cayman Island investments when he worked at Citi Bank as chief operating officer of the alternative investment services unit, SEC disclosures reveal. It has previously been reported that Lew himself had been invested in a fund that was based in the Cayman Islands.
Growth is the summum bonum of economic policy. Tough to arrange at home: stimulus packages don’t work very well, and monetary policy produces lots of fiat money but not very many jobs. The solution: export-led growth—the other guy will buy so much of your goods and services that your economy will grow. There are two ways to make this sort of growth happen. Lower the international value of your currency so that your output is cheaper overseas, or increase productivity at home by lowering labor and other costs and therefore the prices you need to charge foreigners.