Archive for the ‘Democrat’ Category

Issa and Cummings praise each other: Return of comity or moment of calm?

Washington Solar rays didnt break through storm clouds to cast a magical light over the Capital dome Tuesday, but something more mundanely positive did happen in Congress: Two leaders who have been at odds engaged in a show of mutual praise and respect.

Elijah Cummings, the top-ranking Democrat on the House Oversight Committee, paused during a hearing on Obamacare to tell Committee Chairman Darrell Issa that you have made me a better person in so many, many ways, adding accolades for the Republicans expertise and dedication.

Later in the hearing, Representative Issa waxed lyrical about Representative Cummings hard work and referred to him as my friend.

The words didnt pass between just any Republican and any Democrat. These were the leading members of a House committee tasked with a watchdog role that can make it a hotbed of maneuvering for partisan advantage. And these were two men who at times have been sharply at odds encapsulated back in March when Issa abruptly shut down a hearing on the IRS after getting in a shouting match with Cummings over whether the Maryland Democrat was raising a valid question.

The peacemaking on display Tuesday is a reminder that even in time of high partisanship and rivalry, lawmakers in Congress are also human beings with capacities for forgiveness, bridge-building, and even affection toward members in the other political camp.

Dont expect a renewed era of bipartisan comity to emerge all of a sudden come 2015. What happened at this one hearing isnt a sign that Issa and Cummings no longer have disagreements, let alone that the two parties are ready to join in a chorus of Kumbaya.

To get a real sense of whether bipartisanship stands a chance what matters most are the roll call votes, the back room interaction, and what they say in front of the media on stations like Fox or MSNBC, Princeton University political historian Julian Zelizer says in an e-mail interview.

Measured in those ways, he says, right now the broad climate in Congress shows not much evidence of any change.

Its worth noting, for example, that partisan differences were on pretty full display during the Tuesdays hearing. As Democrats defended President Obamas Affordable Care Act, Republicans sought to raise doubts about how the law has performed for Americans and especially whether public comments by one of the laws so-called architects suggest that Democrats were willfully secretive in passing the controversial law.

Jonathan Gruber, an MIT scholar who advised Democrats as the law was being hatched, faced harsh questioning at the hearing about his prior statements implying that a lack of transparency played a crucial role in getting the law passed.

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Issa and Cummings praise each other: Return of comity or moment of calm?

The Undaunted Democrat – Video


The Undaunted Democrat
A left wing view of politics.

By: Michael Hoyt

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The Undaunted Democrat - Video

Frm LA Democrat Attacks Sen Mary Landrieu D Her Record With Black Voters Cavuto part 4 – Video


Frm LA Democrat Attacks Sen Mary Landrieu D Her Record With Black Voters Cavuto part 4
Democratic Sen. Mary Landrieu #39;s 12-point loss in a weekend runoff ended up closer than several polls suggested it could be. But an Associated Press analysis of the returns show that a slide...

By: News For the People

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democrat mayor encourages voters to vote twice at landrieu event – Video


democrat mayor encourages voters to vote twice at landrieu event
https://www.youtube.com/watch?v=RvdFUIDmg5A.

By: Martin Brodel

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democrat mayor encourages voters to vote twice at landrieu event - Video

Warren Dubs Weiss a Bank Dealmaker Lacking Resume for Treasury

Senator Elizabeth Warren challenged the credentials of President Barack Obamas nominee for a top Treasury job, saying a well-oiled revolving door between Wall Street and its regulators favors banks interests at the expense of consumers.

Antonio Weiss, the global head of investment banking at Lazard Ltd. who has specialized in international mergers and acquisitions, lacks experience to be undersecretary for domestic finance, Warren said in a speech today in Washington. She criticized Obama for nominating an executive who has worked on corporate tax-inversion deals, which the administration is attempting to curb.

Not every person who swoops in through the revolving door should be offered a top job without some serious cross-examination, she said in prepared remarks at an event organized by Americans for Financial Reform, the Economic Policy Institute and the Roosevelt Institute. Qualifications matter, and Weiss doesnt have them.

Warren, a Massachusetts Democrat, is opposing the nomination partly because she said his selection would perpetuate close ties between the government and banks. She cited figures showing the amount of time and money Goldman Sachs Group Inc., JPMorgan Chase & Co. and other financial companies spend trying to influence regulators in Washington.

Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the Bloomberg Markets 50 Summit in New York, on Sept. 13, 2012. Close

Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the... Read More

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Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the Bloomberg Markets 50 Summit in New York, on Sept. 13, 2012.

As undersecretary, Weiss would coordinate policies on banking, capital markets and regulation. The undersecretary also works on implementation of the Dodd-Frank financial law. One of his main responsibilities is managing the issuance of the countrys debt.

Warren said Weisss banking expertise doesnt fit with the position, calling him a corporate dealmaker, not a bond trader.

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Warren Dubs Weiss a Bank Dealmaker Lacking Resume for Treasury