U.S. House Minority Leader Nancy Pelosi speaks to the press after meeting with U.S. President Barack Obama at the White House in Washington, April 1, 2014.
Credit: Reuters/Larry Downing
WASHINGTON
Former Florida Governor Jeb Bush speaks during the Faith and Freedom Coalition Road to Majority Conference at the J.W. Marriott Hotel in Washington, June 14, 2013.
Credit: Reuters/Mary F. Calvert
WASHINGTON (Reuters) – Jeb Bush, a potential Republican presidential candidate in 2016, said on Sunday that illegal immigrants who come to the United States to provide for their families are not committing a felony but an “act of love.”
In comments at odds with the views of many in his party, Bush, the son of the 41st president and brother of the 43rd, said of the divisive immigration issue: “I think we need to kind of get beyond the harsh political rhetoric to a better place.
“I’m going to say this and it will be on tape and so be it,” Bush said in an interview with Fox News host Shannon Bream in an event at the Texas presidential library of his father, George H.W. Bush.
“The way I look at this is someone who comes to our country because they couldn’t come legally … and they crossed the border because they had no other means to work, to be able to provide for their family, yes, they broke the law, but it’s not a felony.
“It’s an act of love, it’s an act of commitment to your family.
Bush, 61, added: “I honestly think that that is a different kind of crime. There should be a price paid, but it shouldn’t rile people up that people are actually coming to this country to provide for their families.”
Bush repeated at the event that he would decide on a presidential bid by the end of the year.
A comprehensive immigration reform bill passed the Democratic-controlled U.S. Senate in June 2013 but has stalled in the Republican-controlled House of Representatives.
Republican lawmakers have cited deep divisions in the party over the issue, including granting legal status to 11 million undocumented immigrants.
A Republican Party review after the last presidential election had urged the party to embrace immigration reform to attract more Hispanic support. Democratic President Barack Obama, who was re-elected in 2012, won 71 percent of the Hispanic vote to Republican challenger Mitt Romney’s 27 percent.
Recent polls have suggested that if he were to run, Bush, a former Florida governor, would be weighed down by Americans’ lingering attitudes toward his brother, George W. Bush, who left office in January 2009 as one of the least popular presidents in U.S. history.
In a Washington Post/ABC News poll last month, nearly half the voters surveyed said they “definitely would not” vote for Jeb Bush in 2016 – a level of disapproval matched only by Romney. Even Bush’s mother, former first lady Barbara Bush, has been lukewarm about the notion of another son running for president.
Asked by Bream about the critical considerations that would go into his decision on whether to run for the presidency, Bush said one was whether he could do it with a “hopeful, optimistic message” that avoids drawing him into a political “mudfight.”
The other consideration, he said, “is it OK for my family?
Is it something that isn’t a huge sacrifice for our family.”
He added: “It turns out that not running has generated more interest than if I said I was running.”
(Reporting by Peter Cooney; Editing by Jim Loney and Eric Walsh)
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One of the most important jobs of the media is to be the so-called “fourth estate” — an unofficial fourth branch of government that holds the three official branches accountable. Ideally, this would take place when reporters provide a look at reality when politicians lie, despite pressure from the same politicians to not report the truth.
However, there is another way to hold a politician accountable: Stop taking the politician seriously by not reporting what he or she said. I propose that Senate Majority Leader Harry Reid (D-NV) has long passed the point of “unseriousness” to “harmful to society,” and this should be reflected in reporters and editors refusing to publish what he says.
Consider just a handful of truly harmful things Reid has done or said in the last few weeks, and one example from 2012:
In 2012, Senate Majority Leader Harry Reid (D-NV) received some level of infamy for claiming that Mitt Romney didn’t pay taxes for a decade. Naturally, the charges were not backed by any evidence, yet the mainstream media treated Reid’s comments as though they had legitimacy. At the time, I asked if Reid had violated Senate Ethics rules by essentially campaigning on the Senate floor.
More recently, Townhall’s Guy Benson hammered Reid for using his Koch brothers obsession as an excuse to block amendments to the unemployment insurance that is set to pass the Senate on Monday. As Guy put it in his headline: “Old Man Still Muttering Incoherently About Koch Brothers”
MSNBC’s Joe Scarborough attached Reid’s tactic as “the stupidest strategy” he has seen, but most mainstream and liberal media outlets have taken Reid seriously. They’ve done this despite the probable abuse of power Reid’s statements are, and Ed’s point that at least one of Reid’s anti-Koch efforts likely violates Senate Ethics rules.
Of course, it’s not just the Kochs Reid has gone after recently. He’s also gone after the people sharing how the Affordable Care Act is hurting them – and then denied doing so. If you want to read about how arrogant and abusive of power this is, check out Guy’s excellent takedown of Reid here. Justifiably and rightly, Guy is and was furious, and so should the rest of us be.
Reid’s Koch habit — yes, yes, I used the cliched term; I couldn’t help it — includes accusing the Koch brothers of associating with companies that circumvent sanctions on Iran. Lachlan Markay of the Washington Free Beacon showed that Reid has taken campaign donations from companies doing the exact same thing.
And, finally, Reid recently said the minimum wage Democrats want — $ 10.10 per hour — was not picked arbitrarily, but to bring people out of poverty:
Senate Majority Leader Harry Reid reiterated his “no negotiations” stance on the Democratic proposal to boost the minimum-wage to $ 10.10 per hour, despite calls for a deal from some red-state Democrats up for reelection in 2014.
“No, there are none. Nope,” Reid told reporters following a minimum-wage rally with union members and other Democratic leaders. “The reason we picked that number, $ 10.10, gets you out of poverty — $ 10 doesn’t. $ 10.05 doesn’t. We didn’t pick that number just to be fun.” The current federal minimum wage is $ 7.25 per hour.
You know what would actually help people get out of poverty? Eliminating the minimum wage so low-skilled minorities could work more, or repealing the Affordable Care Act, or tax reform, or cutting the budget, or pretty much anything else that wouldn’t increase the cost of employees for employees. And does anyone believe Reid picked a $ 10.10 hourly wage because that’s the way to help people out of poverty, rather than reasons of political gamesmanship? Why not go to $ 20/hour, Senator?
Like the lies of President Obama on pretty much everything — whether his views on spying on Americans; war without authorization from Congress; fiscal responsibility; and the alleged benefits of the Affordable Care Act — the media would actually be doing its job to not report on what Reid says. But if it must report, fact-checks should accompany what is said in its articles and editorials, not simply an unchallenged and uncorrected reporting of these lies and other brazen violations of the public trust.
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Local citizens wave flags symbolizing the Soviet victory in WWII and Russian flags gather in support of Eastern Pro-Russian Ukrainians in their fight against Ukrainian government in Simferopol, Crimea on Monday, March 24, 2014. Ukraine’s fledgling government ordered troops to pull back Monday from Crimea, ending days of wavering as Russian forces stormed and seized bases on the peninsula.(AP Photo/Max Vetrov)
Local citizens wave flags symbolizing the Soviet victory in WWII and Russian flags gather in support of Eastern Pro-Russian Ukrainians in their fight against Ukrainian government in Simferopol, Crimea on Monday, March 24, 2014. Ukraine’s fledgling government ordered troops to pull back Monday from Crimea, ending days of wavering as Russian forces stormed and seized bases on the peninsula.(AP Photo/Max Vetrov)
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WASHINGTON (AP) — Senate Majority Leader Harry Reid said Monday that Republicans may have helped Russia annex Ukraine’s Crimean Peninsula in a surprisingly sharp attack ahead of a test vote on a bill authorizing more U.S. sanctions on Russia and $ 1 billion in loan guarantees to Ukraine.
Outlining the Senate’s agenda after a one-week recess, the Nevada Democrat said the first item would be the Ukraine bill that Republicans blocked just before lawmakers went on break. He urged Republicans to consider “how their obstruction affects United States’ national security as well as the people of Ukraine” and said their delay of any congressional action “sent a dangerous message to Russian leaders.”
“Since a few Republicans blocked these important sanctions last work period, Russian lawmakers voted to annex Crimea and Russian forces have taken over Ukrainian military bases,” Reid said. “It’s impossible to know whether events would have unfolded differently if the United States had responded to Russian aggression with a strong, unified voice.”
Reid’s charge comes despite widespread support among Republicans and Democrats in Congress for providing Ukraine with much-needed economic assistance and hitting Russian President Vladimir Putin’s government with sanctions.
And GOP Senate aides noted the House has passed different legislation, meaning the Senate bill could not have become law before recess anyhow. They blamed Reid and Democrats for blocking the Senate from taking up the House legislation.
The biggest dispute separating the two chambers appears to be inclusion in the Senate bill of reforms of the International Monetary Fund, which the United States, Europe and others are working with to stabilize Ukraine’s economy. The IMF’s 2010 reforms increase the power of emerging countries in the lending body and shift some $ 63 billion from a crisis fund to a general account it can use for economic stabilization operations around the world.
Although the bill is likely to pass the 60-vote threshold Monday evening to move forward, Reid’s tone suggests a compromise with the GOP-controlled House may prove difficult.
Republicans have long spurned the administration’s attempt to ratify the IMF changes, saying they’d increase the exposure of U.S. taxpayers in foreign bailouts managed by the fund. Making the shift now, opponents such as Sens. Rand Paul and Marco Rubio argue, would also marginally increase Russia’s voting power over the fund’s finances.
The Obama administration and Democrats counter that unless the U.S. approves the new rules, Washington will lose its influence at the IMF and hamper the body’s ability to avert economic meltdowns in places precisely like Ukraine. The U.S. is the only major country that has yet to sign off.
Reid said Republicans blocked the bill to “protect the anonymity of their big-money donors” such as the Koch brothers, two of America’s wealthiest men who’ve strongly supported conservative causes. He was referring to an unsuccessful attempt by some Republicans to include an amendment to the bill halting new IRS regulations on groups claiming tax-exempt status.
“Republicans objected to moving forward with this aid package unless Democrats agreed to allow the Kochs and billionaires like them to continue to anonymously spend millions trying to buy America’s democracy,” Reid said. “It’s hard to believe. But that’s the truth.”
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State financial regulator Benjamin Lawsky listens to testimony at a hearing in New York January 29, 2014.
Credit: Reuters/Eric Thayer
WASHINGTON (Reuters) – New York state’s top financial regulator on Wednesday said his office, as part of efforts to crack down further on Wall Street misdeeds, is considering banning certain banks from specific businesses.
The New York Department of Financial Services has taken an increasingly hard line on financial institutions that have violated U.S. sanctions laws through their U.S. dollar clearing operations, imposing steep fines on them.
But the head of that office, Benjamin Lawsky, said in a speech in Washington he could envision moving beyond fines to penalties that could hurt the institutions in more severe ways.
“You could say no dollar clearing for a month or for a year or for six months,” Lawsky said, adding that he is still thinking through the potential repercussions of such steps.
Last year Lawsky’s office blocked Deloitte LLP’s financial advisory unit from working with New York state-regulated banks for a year as part of a settlement related to its review of money laundering controls at Standard Chartered Bank.
“We’re considering some new, similar ideas when it comes to our investigations into banks that used their dollar-clearing operations to launder money, but we have not come to any firm conclusions on that issue yet,” Lawsky said.
Lawsky, who has worked to establish a reputation as a tough enforcer, did not name firms and told reporters after his speech that his office is still thinking through how they could keep banks out of certain businesses.
U.S. regulators, including Lawsky’s office, are looking at whether French banks Credit Agricole and Societe Generale violated anti-money laundering rules and economic embargoes on countries like Iran, Reuters has reported.
Lawsky’s office has reached settlements with Bank of Tokyo-Mitsubishi, which is owned by Mitsubishi UFJ Financial Group Inc, and Standard Chartered over similar allegations.
Lawsky said regulators also need to go after more individuals as they figure out new ways to punish financial firms that break the rules.
“Ultimately, when Wall Street executives face real, serious consequences for breaking the rules – it helps deter future misconduct,” Lawsky said.
(Reporting by Emily Stephenson; Editing by Leslie Adler)
Federal Reserve Chair Janet Yellen says the buck now “stops with me.”
Yellen gave her first news conference on Wednesday as head of the central bank, a highly anticipated event that is being closely watched by financial markets and other Fed observers looking to gain a better understanding of how she will run the Fed.
Yellen said that the economy continues to improve but that the labor market has yet to fully recover and the central bank will keep up its economic stimulus efforts.
Yellen took charge of the Fed on Feb. 3 becoming the first woman to lead the central bank.
(Also on POLITICO: Yellen meets the press)
Asked how life has been different around the Fed since she took over, Yellen said she now feels the weight of running the institution but that overall she doesn’t anticipate big changes for the central bank.
“I feel I’m very lucky that I’ve had a lot of Fed experience to draw on as I approach this role because it’s complicated and now in many ways I feel that the buck stops with me in terms of management of the FOMC and responsibility to assure that the Federal Reserve makes progress on its goals,” she said, before adding “In terms of the conduct of business, it’s pretty much the same as usual. I’m not envisioning — nor have there been so far — any radical changes in how the Federal Reserve does its business and that includes operating” the Fed’s policy setting committee.
Yellen used her first news conference to elaborate on the Fed’s recent policy decisions as well as to discuss the impact this winter’s bad weather has had on the economy.
(QUIZ: Do you know Janet Yellen?)
“Unusually harsh weather in January and February has made assessing the underlying strength of the economy especially challenging,” Yellen said reading from a prepared statement from behind a desk.
She said she is particularly concerned about the amount of people who have been unemployed for an extended period of time.
“The share of long term unemployment has been immensely high and has been very stubborn in bringing down,” she said. “That’s something I watch closely.”
While her first news conference has been highly anticipated, Yellen, 67, has had a few practice rounds already. She appeared before both the House Financial Services and Senate Banking committees in recent weeks where she faced a wide range of questions from eager lawmakers.
(Also on POLITICO: Full finance policy coverage)
The news conference is another opportunity for Yellen to set the tone for her tenure and lay out her vision for the Fed — as well as distinguish herself in any way from her predecessor, Ben Bernanke.
Yellen’s most significant challenge in the months ahead will be to oversee the winding down of the Fed’s stimulus program, known as quantitative easing. On Wednesday, the Federal Open Market Committee (FOMC) announced that the central bank will reduce the amount of bonds it buys each month to keep long-term interest rates low by another $ 10 billion. It will now buy $ 55 billion in Treasury and mortgage bonds each month.
In another closely watched move, the FOMC on Wednesday updated its guidance with regard to when it could raise short-term interest rates.
The committee had previously said rates would stay at or near zero “at least as long as” the unemployment rate remains above 6.5 percent and inflation appears likely to remain below 2.5 percent.
Now, the Fed says it will likely be appropriate to keep rates below normal levels “for a considerable time” after its quantitative easing program ends, particularly if inflation remains below 2 percent and does not look like it will rise over the “longer-term.”
Financial markets have been keeping a close eye on how quickly the Fed will implement the “taper” and whether any new economic date will cause the central bank to pause he wind down of its economic stimulus program.
Another challenge for Yellen will be to communicate as clearly as possible the central bank’s decision-making process. Ambiguity can create room for investors to draw their own conclusions, which can lead to market volatility.
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Harry Reid described the billionaire Koch brothers’ philosophies as “radical” more than a dozen times on Thursday morning, making good on his vow to continue hammering them directly from the Senate floor.
The GOP has blasted Reid for his description of the Koch brothers as “un-American,” but the Senate majority leader said that Charles and David Koch should be able to defend themselves from his attacks and dared the GOP to back the brothers on the Senate floor.
“When Republican senators rush to defend the Koch brothers, they are also defending the Koch brothers’ radical philosophy. And it’s radical. How do we know it’s radical? They said so. I’m not making those words up,” Reid said. “Is even one of you [Republicans] willing to stand up and disavow the Koch brothers’ radical agenda? It’s radical. It’s radical because they say it’s radical. And it is radical.”
“Obviously, they must agree with the Koch brothers’ radical philosophy. Republicans are willing to defend the Koch brothers on the floor of this Senate, but are they willing to defend the Koch brothers’ radical agenda as well?” added the Nevada Democrat.
The Koch-backed super PAC Americans for Prosperity has carpet-bombed Senate Democratic incumbents with millions of dollars of attack ads ahead of this year’s midterm elections, dropping $ 700,000 in ads on Sen. Mark Pryor (D-Ark.) on Thursday.
But AFP is also taking increasing heat from fact checkers for assertions that the Affordable Care Act would make a cancer patient’s treatment less affordable.
Reid called AFP a “phony banner” for the Kochs’ political activities and said the brothers and their allies are “willing to do anything, even exploit Americans suffering from cancer, to advance their campaign of distortion” in a midterm election year.
Senate Minority Leader Mitch McConnell (R-Ky.) has criticized Reid for dumping on the Kochs while supporting the efforts of wealthy environmentalist Tom Steyer, who plans to spend millions in support of Democratic candidates this fall. On Thursday, McConnell didn’t directly respond to Reid’s blistering Koch speech, but he did continue his opposition to the Obama administration’s proposed rules that would crack down on the political activities of some nonprofits.
“The IRS needs to get out of the speech regulation business altogether, and the Obama administration can do that,” McConnell said. “This regulation needs to go, and it needs to go now.”
KUALA LUMPUR, Malaysia (AP) — The Malaysian military has radar data showing the missing Boeing 777 jetliner changed course and made it to the Malacca Strait, hundreds of kilometers (miles) from the last position recorded by civilian authorities, according to a senior military official.
The development injects more mystery into the investigation of the disappearance of Saturday’s flight, and raises questions about why the aircraft was not transmitting signals detectable by civilian radar.
Local newspaper Berita Harian quoted Malaysian air force chief Gen. Rodzali Daud as saying radar at a military base had detected the airliner at 2:40 a.m. near Pulau Perak at the northern approach to the strait, a busy waterway that separates the western coast of Malaysia and Indonesia’s Sumatra island.
“After that, the signal from the plane was lost,” he was quoted as saying.
A high-ranking military official involved in the investigation confirmed the report and also said the plane was believed to be flying low. The official spoke on condition of anonymity because of the sensitivity of the information.
Authorities had earlier said the plane, which took off at 12:20 a.m. and was headed to Beijing, may have attempted to turn back to Kuala Lumpur, but they expressed surprise that it would do so without informing ground control.
The search for the plane was initially focused on waters between the eastern coast of Malaysia and Vietnam, the position where aviation authorities last tracked it. No trace of the plane, which was carrying 239 people, has been found by than 40 planes and ships from at least 10 nations searching the area.
Earlier Tuesday, Malaysia Airlines said in a statement that search and rescue teams had expanded their scope to the Malacca Strait. An earlier statement said the western coast of Malaysia was “now the focus,” but the airline subsequently said that phrase was an oversight. It didn’t elaborate. Civil aviation chief Azharuddin Abdul Rahman said the search remained “on both sides” of the country.
“When my grandchildren are grown,” asks Heritage head, “will they still be grateful for the country?
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China Says U.S. Economy Is Fake And Nothing Backs The Dollar -- Episode 301
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