Daily Fix, July 18

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WEEKEND UPDATE:

*On Saturday Utah Democrats elected the state’s first ever openly gay major party chair when they elected Jim Dabakis. (SL Trib) Democrats also elected Brian Doughty, also openly gay, to replace RepI g. Jackie Biskupski in representing Salt Lake City in the Utah House of Representatives. Dabakis told the press that he intends to actively seek and welcome Mormons into Utah’s Democratic party.

*Utah was able to put its best foot forward at the National Governors Association annual meeting held in Salt Lake City this weekend. (Deseret News) Governor Herbert noted that he was repeatedly asked by other governors, “How come it is your economy is growing when the rest of the country is stagnating?” Some even said it was the best NGA ever. Good job Utah!

*Rick Perry is “getting more and more comfortable every day that this is what I’ve been called to do. This is what America needs.” This, of course, being running for U.S. President. (Des Moines Register) Not quite a humble beginning.

*And, something about some wizards breaking the all-time box officer record. (SL Trib)

TODAY’S NEWS:

*Rep. Jason Chaffetz took to the U.S. House this afternoon to decry President Obama’s threat to veto the Cut, Cap and Balance Act the House GOP hopes to pass this week. (The Hill) Chaffetz read parts of Obama’s letter on the floor, including a sentence that called the GOP bill an “empty political statement.” Chaffetz angrily said, “For the president to suggest that balancing our budget is not common ground does provide clarity.” Ed Morissey has this scathing piece on Obama’s veto threat. The only budget Pres. Obama has ever offered actually increases deficit spending. It must be for the dignity of our retirees. Glenn Reynolds notices that, “[c]oincidentally, our markets are tanking.”

*Salt Lake County District Attorney Sim Gill has found, again, that witness testimony is more credible than a police officer’s accounts of imminent danger, and found the officer not justified in shooting at the car’s tires. (Deseret News) Good news for everyone but our police force who are much more likely to stop and reconsider a judgment that their life is in imminent danger. I’m sure those seconds won’t make much difference.

*Speaking of Utah Dems, outgoing Dem Chair Wayne Holland says that Governor Jon Huntsman has changed “from a straight shooting Governor to a right wing Presidential candidate.” (KSL) In other words, he’s not a good Dem choice. If Huntsman could reply, I’m sure he’d say, “Thanks, Wayne.”

*And finally, conservatives seemed to have won one battle today. President Obama announced that he would not nominate Elizabeth Warren to head the Consumer Financial Protection Bureau. (Business Insider) I know the news here is that he is nominating Richard Cordray, former Ohio Attorney General and current CFPB lackey, but the real news should be — WHAT? they’re starting a new federal agency over financial interests? When we’re trillions of dollars in debt? When we don’t have a budget and can’t even agree that such a budget needs to be balanced? Washington doesn’t need a new bureau, it needs a paradigm shift — stop spending money we don’t have!

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4 Responses to “Daily Fix, July 18”

  1. Jane Hawley Says:

    The daily news makes one want to go and “soak their head” – thanks for giving us the summary Holly — we know you’re just the messenger!

  2. hollyonthehill Says:

    Janie, this post was written by my fab co-blogger, Michelle Mumford, but you are right – it’s enough to make you want to scream. Did you see the post about the woman in Michigan being charged with a crime for growing a garden in her front yard?

  3. Ronald D. Hunt Says:

    “President Obama announced that he would not nominate Elizabeth Warren to head the Consumer Financial Protection Bureau.”

    Their is a good chance this has more todo with her likely running for the MA senate that Sen. Brown currently occupies. And to be clear Richard Cordray is just as good as Elizabeth Warren.

    “WHAT? they’re starting a new federal agency over financial interests? When we’re trillions of dollars in debt? “

    Come on its not that hard to connect the dots here, Tax revenue and hense the deficit will improve with better regulation of the financial industry. A better informed consumer and banking system that can’t exploit consumers will allow more consumers to better participate in the economy and use financial services in a more economically productive way.

    Good lord I would think the near constant string of news articles about fraud in the housing market, contrived derivative schemes, etc. Their have been a great number of Soldiers serving the Country in Iraq and Afghanistan who have had their homes foreclosed on illegally who return homeless because of this sort of fraud. The CFPB will protect these people, as clearly the industry is far to corrupt to “self regulate”.

  4. rmwarnick Says:

    The Tea-GOP spending cap is worse than an empty statement.

    By capping spending at 18% of GDP, it would require additional spending cuts during a recession, because by definition GDP is shrinking during a recession. That would only deepen the recession and create a downward spiral from which the economy could not recover.

    The accompanying budget cuts would cost the economy 700,000 jobs by the end of 2012, according to economist Mark Zandi.

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