POLITICAL WIRE’S HEADLINES – 12/13

Steele to Announce Plans

RNC Chairman Michael Steele “intends to announce his reelection plans on Monday evening, and key supporters expect him to drop out of the hotly contested race,” according to Politico.

Steele “has built no known reelection team or structure, making the prospect of a campaign unlikely in the face of competition that grows fiercer by the day. But allies said Steele has not revealed his plans, and the chairman has been nothing if not unpredictable.”

Bayh Will Not Run for Governor

Sen. Evan Bayh (D-IN) “will not seek a return engagement as Indiana’s governor in 2012,” the Indianapolis Star reports.

Said Bayh: “It was a very hard decision. A big part of me wants to.”

But, he said that he “decided that not disrupting his twin sons’ lives, now that they are freshmen in high school, took precedence over political ambition.”

The Soul of the GOP

“This weekend is a pivotal moment for D.C. Republicans and how they hold the line on the tax cut deal,” notes The Hotline

“Too many Republicans have already voiced support for the deal for them to turn against it unanimously, but you already see supportive members like Sen. John McCain (R-Ariz.) questioning the actual substance of the bill. It will be interesting to see if the GOP leadership can hold their members in line, because the Tea Party leaders like Sen. Jim DeMint (R-S.C.) and Rep. Michele Bachmann (R-Minn.) have already come out against it. As cliché as it sounds, it really is a battle for the soul of the GOP, and whether a place for compromise exists within the party.”

Majority Want to Rein in the Fed

A new Bloomberg poll shows that a majority of Americans — 55% — want the Federal Reserve System to have more accountability to Congress or be flat-out abolished. Only 37% of respondents said they favor keeping the status quo, while 39% said they want more accountability to Congress and 16% said they want the Fed to be abolished.

The percentage favoring abolishment of the Fed has doubled since an October poll by Bloomberg, in which 35% of respondents said they wanted more accountability and 8% said they wanted abolishment.

Obama Approval Hits New Low

A new McClatchy-Marist poll finds President Obama’s approval rating has fallen to 42% — the lowest of his presidency.

Key findings: “Obama’s standing among Democrats dropped from a month ago, with his approval rating falling to 74 percent from 83 percent, and his disapproval rating almost doubling, from 11 percent to 21 percent… His position among independents remained virtually the same, with 39 percent approving and 52 percent disapproving. A month ago, it was 38-54.”

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