Posts Tagged ‘barack obama’


Obama, Romney and Super PACs Raise Over $2 Billion

Posted on: October 26th, 2012 by Kyle. | No Comments

Campaign 2012 now has the dubious distinction of being the most expensive one in American history. President Obama and Mitt Romney have raised a combined $1.7 billion dollars so far. Add in the Super PACs and you reach $2 billion in total fundraising. This is a huge amount of cash that could have been used in a more productive manner than attack ads but apparently America’s richest do not feel that way.


Romney

Even more depressing is the barrage of over a billion dollars worth of mostly negative television and radio ads. Clearly they have a dwindling affect as the campaign drags on, but the campaigns continue to use them. In economics, they call it the law of diminishing returns, but who ever said politicians were good at economics?

People drown out an ad that they see a hundred times in a week and will tend to ignore that candidate. You would think that Mitt Romney’s supposed business expertise would inform him of this. A good ad needs to connect emotionally with the viewer, not annoy them. Political ads come across as over-the-top exaggerations or outright lies. Good advertising is much more subtle in its approach than “Candidate X hates babies and Candidate Y loves America.”


Thoughts Before Tonight’s Debate

Posted on: October 22nd, 2012 by Kyle. | No Comments

Tonight’s presidential debate will focus on foreign policy. I remember in 2004 the Bush campaign ran on the premise that he “kept us safe” despite 9/11 taking place under his leadership. Fast forward eight years and President Obama is running for re-election with Republicans saying that his foreign policy has “failed” despite having killed Osama bin Laden, restoring respect among our European allies and preventing any major terrorist attacks on American soil — not to mention the fact that he got all of America’s soldiers out of Iraq. Obama’s foreign policy record is perhaps his strongest argument for re-election. Romney has a tough task to prove otherwise.


Obama Overwhelming Favorite Among Registered Voters

Posted on: September 9th, 2012 by Kyle. | No Comments

It goes without saying that having an engaged base of supporters will help your electoral chances. An analysis by statistician Nate Silver finds that Obama would have a 91% chance of winning in November among registered voters. He is still a 68% favorite among likely voters thanks to consistent leads at both the national and state levels. It seems to me that the hundreds of millions that will be spent on television attack ads is misplaced. With very few voters undecided – some polls have them numbered as few as 2 or 3 percent – focusing on get-out-the-vote efforts is more critical at this time than expensive campaign ads.

Barack Obama Pauses in Line


Pew Poll Has Obama 51-41 Over Romney

Posted on: August 3rd, 2012 by Kyle. | No Comments

The latest Pew poll has President Obama up ten points over Republican challenger Mitt Romney. Coming after a string of bad weeks involving Romney’s taxes and an embarrassing trip to England where he insulted their preparedness for the Olympics, one might expect a bounce for the president. However, Democrats shouldn’t get too excited over Pew’s latest poll. The first thing a Political Science professor would tell you is to look at the internal numbers. This poll gave Democrats a registration advantage of 19 points, a huge oversampling. On the bright side for the Dems, President Obama does enjoy an average 2.7 point lead nationally and an even more comfortable lead in the Electoral College where the election will actually be decided.


Romney Resorts to Heavily Edited Attack Ad

Posted on: July 19th, 2012 by Kyle. | No Comments

The Romney campaign is out with a rather despicable ad that intentionally hacks a speech the president gave on how government helps business. Watch the ad:

That would be a good ad if it wasn’t a complete fabrication. This is what the president actually said (emphasis added to highlight context):

“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that.”

Did you notice how the Romney camp excluded any video from the speech? It would have been plainly obvious from the footage alone that they were cutting out entire chunks. This is not a case of capitalizing on a political gaffe akin to John Kerry’s “I voted for it before I voted against it.” The Romney campaign hacked the speech into tiny morsels and edited out all context to deliver the message that they wanted President Obama to say, not what the president actually said. When you have to resort to lies and misquotes you know you’re losing the argument.


Billionaire Donates $10 Million to Romney Super PAC

Posted on: June 14th, 2012 by Kyle. | No Comments

Billionaire casino mogul Sheldon Adelson is taking the plunge into the general election with a $10 million donation into the Restore Our Future Super PAC that is run by Mitt Romney. Adelson is the latest in a string of millionaires and billionaires giving generously to the Romney Super PAC. What do they expect in return for these massive donations?

שלדון אדלסון

Like the old saying goes — follow the money. Billionaire tycoons and Wall Street have a preferred candidate in this election. The financial sector has donated nearly $40 million to Romney vs. $5 million to Obama. They’re expecting Romney to follow through on his campaign promise to repeal the financial reforms put in place by Obama. It also doesn’t hurt that Romney’s policies advocate a 20 percent tax cut largely targeted at the wealthiest Americans, including Romney himself who would save $5 million a year.

Who’s going to pay for that tax cut windfall for the wealthy? The poor, the sick, the elderly, the unemployed. It’s immoral, but money always has its ways of corrupting people. Thanks to the Supreme Court’s Citizens United decision, corruption is a whole lot easier business.


The Difference Between Obama and Romney

Posted on: June 13th, 2012 by Kyle. | No Comments

There are a lot of differences between Barack Obama and Mitt Romney, but this one really stands out (click the image to resize):

What you do with your talents says a lot about who you are as a person. There’s nothing wrong with going into business. Indeed, creating a small business from the ground up is not only admirable, challenging and risky, it also provides jobs for people. But when you make money by destroying companies, jobs and communities, it is hard to make the case that you have the skill set to make a good president.


Mitt Romney Would Save $5 Million Under His Tax Plan

Posted on: June 5th, 2012 by Kyle. | No Comments

Mayors, governors and Congressmen are often condemned for supporting policies that personally benefit themselves. These conflict of interests in policy will often lead to electoral defeat and possibly criminal prosecution for corruption. It’s very rare that a president is leveled with that kind of criticism, even though they are in charge of implementing and executing the nation’s laws.



As it turns out, Mitt Romney is in one of those few instances where a president or presidential candidate is pushing for policies that would lead to personal enrichment. An analysis reported by the Detroit Free Press shows that Mitt Romney would save an astonishing $5 million if his tax policies were implemented instead of President Obama’s:

Obama’s plan would hit couples making more than $250,000 per year from several directions, raising their tax rate, dunning them more for investment income, and limiting their tax deductions. People like Romney with earnings from private equity management would lose a big tax break. And Obama would establish a rule, named after billionaire Warren Buffett, to ensure that households taking in more than $1 million a year pay at least 30 percent in taxes.

It gets a lot worse. Romney’s tax plan calls for cutting everyone’s tax rate by 20 percent. While that may seem fair on the surface, the practical application means that the top 1% will have a much more sizable cut than the rest of taxpayers. The wealthy would see their rates fall from 35 percent to 28 percent under Romney. Meanwhile, the lowest tax bracket would only fall from 10 percent to 8 percent. That might mean a few hundred extra dollars for a person near poverty, but the corporate CEO on Wall Street will literally save millions — not to mention the enormous amounts of debt it would take to pay for these tax cuts that benefit mainly the super rich.


Oh Really, Mr. Ricketts?

Posted on: May 18th, 2012 by Kyle. | No Comments

News broke today via the New York Times that billionaire Joe Ricketts planned to spend $10 million dollars in Super PAC attack ads against President Obama featuring his former controversial minister, Jeremiah Wright. While that in itself was newsworthy, the fact that the Ricketts family owns the Chicago Cubs is even more intriguing. The Cubs have been seeking $150 million in taxpayer dollars to rebuild Wrigley Field at the same time that patriarch Joe Ricketts is blasting the city’s most famous resident (and sitting U.S. president). Not only is it bad politics, it is also bad business. Ironically Mr. Ricketts has called on less government spending, but apparently that doesn’t apply to baseball teams – only the working class and senior citizens.

Wrigley Field marquis

Chicago Mayor Rahm Emanuel was none too pleased. “The Mayor was livid when he read that the Ricketts were going to launch a $10 million campaign against President Obama — with the type of racially motivated ads that are insulting to the president and the presidential campaign,” an Emanuel aide said. “He is also livid with their blatant hypocrisy.” It is not clear if this will jeopardize the Wrigley makeover, but Chicago taxpayers should nonetheless take notice and let their voices be heard. Let the Ricketts family pay for renovations on their own.


State of the Union Liveblogging

Posted on: January 25th, 2011 by Kyle. | No Comments

Final Thoughts: President Obama entered tonight’s speech with a new Republican Congress, but also an improving economy and approval ratings above 50%. The mood on Capitol Hill was somewhat sober with the recent events in Tucson looming over as a dark cloud. The president struck the right tone and set out priorities that have been long ignored by politicians.

By proposing a spending freeze over the next five years, the president is sure to upset Democrats and not please many Republicans that would rather see huge cuts in federal spending. His middle-of-the-road position makes him appear to be serious about tackling problems while others nitpick in a partisan fashion. He noted that if Republicans are serious about cutting the deficit, then they should support letting tax cuts for the wealthy expire and getting rid of subsidies to oil companies.

The president proposed getting 80% of the country’s energy from clean sources by 2030. Investments will have to be made and prioritized. Not only is it a matter of smart economics, it is a national security issue as well. This should be our Sputnik moment, where the country rallies behind a cause like we did during the Space Race over 50 years ago. President Obama made the case that we need a similar race towards energy innovation.

The president laid out an optimistic, yet realistic, plan for the future tonight. Smart investment in clean energy, reforming our education system and continuing the recovery in our economy through infrastructure upgrades and exports. It’s something that all Americans can stand behind.

10:13 p.m.: “The state of our Union is strong.”

10:12 p.m.: America was founded on being a nation of big dreams. “We do big things.”

10:06 p.m.: “Starting this year no American will be forbidden from serving the country they love because of who they love.” Repealing Don’t Ask Don’t Tell was passed during last year’s Congress.

10:03 p.m.: The people in South Sudan voted for independence with American assistance. The United States “supports the democratic aspirations of all people.”

10:02 p.m.: President will visit South America in March to build new alliances.

10:01 p.m.: The New START Treaty reduces nuclear arms between the United States and Russia. It also re-instates inspections.

10:00 p.m.: “American Muslims are a part of our American family.”

9:58 p.m.: “Nearly 100,000 brave young men and women” have left Iraq “with their heads held high.” Combat missions have ended, violence is down and a new government has formed. “America’s commitment has been kept. The Iraq War is coming to an end.”

9:57 p.m.: Promises to veto any bill with earmarks in it. That’s a pretty small and symbolic promise, Mr. President.

9:55 p.m.: “We need to think bigger.” Small, symbolic budget cuts will not solve any problems.

9:54 p.m.: “We shouldn’t just give our people a government that is more affordable, we should give them a government that is more competent.”

9:53 p.m.: Proposes simplified tax code.

9:51 p.m.: To tackle the deficit “we simply cannot afford a permanent expansion” of tax cuts for the wealthiest Americans.

9:48 p.m.: President proposes freezing government spending for next five years. Already froze federal worker pay.

9:43 p.m.: President mentions passing health care with Democrats in the chamber standing up. Vows to protect the bill from Republican attempts at repeal, but is willing to work with Republicans to improve the bill. “Instead of fighting the battles of the last two years, let’s fix what needs fixing and move forward.”

9:39 p.m.: President proposes investments in transportation and infrastructure. Goal is to have high-speed rail accessible to 80% of Americans. Projects are already under-way in California, Florida and the Midwest. High-speed rail is cheaper, better for the environment, and in some cases faster than flying on a plane.

9:36 p.m.: Children of undocumented parents go to our colleges, but “go back home and compete against us”. President argues that it is time to address the issue of immigration. “Let’s stop expelling talented young people… who could be further enriching this nation.”

9:34 p.m.: “Higher education must be within the reach of every American.”

9:32 p.m.: President argues it is time to treat teachers with respect. Reward good teachers and punish bad ones.

9:30 p.m.: “We need to teach our kids that it’s not just the winner of the Super Bowl that needs to be celebrated, but the winner of the Science Fair.”

9:28 p.m.: “By 2035, 80% of America’s energy will come from renewable sources”

9:27 p.m.: “Instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s.” Proposes paying for new technology by eliminating tax cuts to big oil.

9:26 p.m.: “We can be the first nation to have a million electric vehicles by 2015.”

9:24 p.m.: Obama argues that Clean energy should be the next Space Race.

9:23 p.m.: President references Sputnik and how the U.S. surpassed the Soviet Union in the Space Race.

9:22 p.m.: “We need to out-innovate, out-educate, and out-build the rest of the world.”

9:21 p.m.: “The future is ours to win. But to get there we can’t stand still”.

9:19 p.m.: Technology and automation has led to fewer jobs needed.

9:16 p.m.: Corporate profits and the stock market are up, but we measure progress by average citizen.

9:14 p.m.: “What comes of this moment” depends on not whether we “sit together tonight, but whether we work together tomorrow.”

9:12 p.m.: The President notes an empty chair in the Chamber reserved for Congresswoman Gabrielle Giffords.

9:11 p.m.: President Obama begins to speak with Vice President Joe Biden and new Speaker of the House John Boehner sitting behind him.

Tonight I will be liveblogging the State of the Union address by President Obama. Refresh frequently for live updates.