1) Don’t be complacent when you read headlines such as (Obama’s campaign rakes in $68 million in 4th quarter ) because we will need a lot of Money to match the GOP Super PACs: – Click the Obama/Biden image to your right.
Here is another headline (Obama, DNC amass $240 million campaign war ) that speaks of how the Obama/Biden campaign is loaded but also addresses the fact the likes of Koch Brothers and company can easily create a Super PAC to even out the playing field while the GOP finance itself by the top 1% and the Obama Campaign finances itself by the 99ers.
2) Fund Raising by the number – A campaign by the 99er:
Obama campaign manager Jim Messina sums it up about the campaigns’ fund raising effort sharing about the fourth quarters effort. The campaign now has more than 1.3 million donors while more than 583,000 people gave in this quarter alone. More than 200,000 are new donors who hadn’t donated yet in 2011 or in the 2008 campaign. More than 98% of those donations were $250 or below.
3) All you need to know about Mitt Romney – “Mitt Romney comes to Town” in 28 minutes.
As Romney attempts to frame a general election contest with President Barack Obama on the economy, some of his rivals for the Republican nomination have made many of the same arguments against him that Democrats have.
Texas Governor Rick Perry accused Romney of practicing “vulture” capitalism during his days as a private equity executive. A film bankrolled by supporters of former U.S. House Speaker Newt Gingrich charges that Romney’s firm, Bain Capital LLC, eliminated jobs and turned “the misfortune of others into their own enormous financial gain.” These are complaints the Obama campaign will be ready to reinforce during the campaign. [...]
Republican criticism of Romney’s business record could prove damaging if it depresses enthusiasm for the party’s eventual nominee among the white working class.
“Obama is never going to convince those white working- class voters to stay home rather than vote for Romney,” said Dan Schnur, an adviser to Arizona Senator John McCain’s 2000 Republican presidential campaign. “Some of that rhetoric from Gingrich and Perry can.”
4) How about some manufacturing news? US manufacturing activity rises at fastest pace in 6 months and hiring at factories increases
Washington Post: Manufacturing grew in December at the fastest pace in six months and hiring at U.S. factories picked up. The data helped bolster the view that the economy gained momentum at the end of last year.
The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose to 53.9 from 52.7 in November. Readings above 50 indicate expansion. [...]
U.S manufacturing has expanded for more than two years. Factories were one of the first areas of the economy to start growing after the recession officially ended in June 2009.
The latest ISM survey showed that U.S. factories should start the year strongly. Factories hired last month at the fastest pace since June, the survey found. A measure of new orders rose, a good sign for future output. And exports also increased last month, though it’s not clear how long that will last. Europe’s economy is faltering amidst a debt crisis.
Consumers are gaining confidence and are spending more. Some economists forecast that car sales increased in December after a strong month of sales in November. That should boost output among automakers and also steel companies, tire makers and others that supply the industry.
5) Obama Recess Appointments: Justice Department Says They Are Constitutional
Lets rewind into what the obstruction party leaders had to say when the President made his recess appointment for the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray. Senate Republican Leader Mitch McConnell had said, Obama has endangered the nation’s systems of checks and balances, and Republican Sen. Orrin Hatch says the appointments are a very grave decision by an autocratic White House.
Well, the US Attorney’s Office disagrees:
The department released a 23-page legal opinion Thursday summarizing the advice it gave the White House before the Jan. 4 appointments. GOP leaders have argued the Senate was not technically in recess when Obama acted so the regular Senate confirmation process should have been followed.
Assistant Attorney General Virginia Seitz wrote that the president has authority to make such appointments because the Senate is on a 20-day recess, even though it has held periodic pro forma sessions in which no business is conducted. Seitz argued the pro forma sessions – some with as few as one member present – have not been sufficient for the chamber to exercise its constitutional authority to advise and consent to normal presidential nominations.
6) The Week in Review from The West Wing
In case you haven’t been up to speed, the President was busy as always and this week he he visited the Consumer Financial Protection Bureau doing a little bit of victory lap after appointing Richard Cordray as its director. He also visited the EPA to assure them that the Republican’s meme that the EPA’s regulation is a job killer and bad to the economy is bogus and that he supports them fully. He also welcomed this year’s NBA Champs, announced a new Chief of Staff, and introduced the White House’s Insourcing Initiative.