Dimon Wore POTUS Cufflinks to Hearing

JPMorgan CEO Jamie Dimon testified at a Senate Banking Committee hearing today about the bank’s $2 billion in trading losses — wearing cufflinks inscribed with the presidential seal, The Daily reports.

“In more than one picture, Dimon was seen with the seal cufflinks visible. The seal reads ‘Seal of the President of the United States’ and includes the arrow-carrying eagle.”

Dimon Wore POTUS Cufflinks to Hearing

JPMorgan CEO Jamie Dimon testified at a Senate Banking Committee hearing today about the bank’s $2 billion in trading losses — wearing cufflinks inscribed with the presidential seal, The Daily reports.

“In more than one picture, Dimon was seen with the seal cufflinks visible. The seal reads ‘Seal of the President of the United States’ and includes the arrow-carrying eagle.”

Justice Department Drops Case Against Edwards

Federal prosecutors have announced they will not retry John Edwards on campaign finance charges, NPR reports.

The decision comes soon after a jury was unable to reach a verdict.

Why Politicians Lie

Kevin Drum: “Politicians have increasingly discovered over the past couple of decades that even on a national stage you can lie pretty blatantly and pay no price since the mainstream media, trapped in its culture of objectivity, won’t really call you on it, limiting themselves to fact checking pieces… buried on an inside page. And because virtually nobody except political junkies ever sees this stuff, it doesn’t hurt their campaigns at all.”

“This discovery — that you can tell almost any lie without paying a price — is, in some sense, an example of national politics becoming a lot more like local politics. Blatant lying has always been routine in local races that don’t get a lot of press coverage, but the brighter media spotlight kept at least a bit of a lid on it in higher profile races. However, with the splintering of the mainstream national media in recent years and the rise of the web and social media, national politics is local again. And being called on your lies by the occasional earnest fact checker now matters about as much as it does when a local columnist for a weekly newspaper calls you on it.”

Why is Jeb Bush Pulling a Bill Clinton on Mitt Romney?

The Week has four theories.

Poll Shows Romney Ahead in Wisconsin

A new Rasmussen survey in Wisconsin claims Mitt Romney now leads President Obama for the first time, 47% to 44%.

Bonus Quote of the Day

“I am telling you, I want you all to pay attention over the next five months and see if they’re offering a single thing that they did not try when they were in charge, because you won’t see it.”

— President Obama, quoted by ABC News.

Global Opinion of Obama Slips

A new Pew Research survey conducted in 21 nations finds approval of President Obama’s policies abroad “has declined significantly since he first took office, while overall confidence in him and attitudes toward the U.S. have slipped modestly as a consequence.”

“Europeans and Japanese remain largely confident in Obama, albeit somewhat less so than in 2009, while Muslim publics remain largely critical… Meanwhile, support for Obama has waned significantly in China.”

Adelson Gives $10 Million to Romney Super PAC

Casino mogul Sheldon Adelson, who helped keep Newt Gingrich’s failed presidential campaign alive during the GOP primaries, is giving $10 million to a super PAC supporting Mitt Romney, the Wall Street Journal reports.

The $10 million donation to the super PAC Restore Our Future appears to be the largest single donation toward Romney’s efforts so far.

No Home-Field Advantage for Romney

John Avlon notes that “never before has a presidential candidate written off their home state. Or all of them, in Mitt Romney’s case.”

“Despite headquartering his campaign in Boston, the former governor of Massachusetts isn’t going to win his home state this fall. More significantly, he isn’t going to try. Ditto California, the state where he owns a beachfront La Jolla home complete with a $55,000 car elevator. And Michigan, the state of his birth, where his father served two terms as governor.”

Why Going Negative May Be Obama’s Best Chance

National Journal: “Last night, veteran Democratic pollster Peter Hart conducted a focus group featuring 12 undecided, ticket-splitting voters in Colorado… He’s lost significant ground among these swing voters: Ten of the participants voted for Obama in 2008; only three of them said they leaned towards re-electing him in 2012. In an initial survey taking leaners into account, Mitt Romney led Obama 5-3, with four completely undecided.”

“Listening to the feedback from the group, it was striking how many of them have grown disillusioned from their own expectations set by Obama’s soaring rhetoric from 2008, and the less-inspiring reality that transpired… Most believed the economy was slowly improving, but not at a fast enough pace for them to justify supporting him again… Almost unanimously, the participants said they’d prefer to hang out with Obama over Romney, but no one said that would shape their vote in November. It’s a sign that even if Obama holds a significant edge on personal likability, it’s unlikely to translate into many votes if they view his job performance unfavorably.”

“The bottom line: The reactions from the focus group explain why Obama is going hard-negative against Romney — it may be the campaign’s only way to win. Most of the participants sounded dissatisfied with president and were ready to make a change, but didn’t know much about the challenger, either.”

Is It Time for Democrats to Panic?

Karen Tumulty: “That’s what a growing number of party loyalists are wondering, amid a rough couple of weeks in which President Obama and his political operation have been buffeted by bad economic news, their own gaffes and signs that the presumed Republican nominee is gaining strength.”

Gingrich Says Elections are Rigged

Newt Gingrich told MSNBC that elections are “rigged, frankly, in favor of the wealthy.”

Said Gingrich: “It is very difficult in America today. If you look at New York where Mayor Bloomberg spent an extraordinary amount of personal money to buy the mayor’s office for the third time. It is fairly hard to compete with a billionaire if — if they get to spend all the money they want and the middle-class candidate’s raising money in $2,500 units. So I think the current system is rigged, frankly, in favor of the wealthy.”

Obama To Argue He Needs More Time

“In an economic speech on Thursday that could set the tone for months of campaigning, Obama is not likely to unveil new ideas to boost the economy and create new jobs,”Reuters reports.

“Instead, he will make the case that he needs four more years to undo the damage left by George W. Bush, his Republican predecessor in the White House, and argue that a President Romney would bring back the weak financial regulation and budget-busting tax cuts of the Bush years.”

“The strategy defies the widely held view among political analysts that most voters decide whether to fire or re-hire an incumbent president based on his own record… But many Democrats believe that Obama must put his achievements into context by explaining that he has spent his first term digging out from a disaster that was brought on by a Republican presidency.”

Greg Sargent: “It’s becoming clearer and clearer that one of the primary challenges facing Obama’s reelection campaign is figuring out a way to turn the focus on to Mitt Romney.”

Quote of the Day

“I’m worried that when the White House or the campaign talks about the progress that’s being made, people take that as a signal that they think that things are fine and people don’t feel they ought to believe that.”

— James Carville, interviewed by ABC News.

It’s the same message as his new book with Stan Greenberg, It’s the Middle Class, Stupid!

Obama Loses Both Liberal and Centrist Donors

A new Stanford analysis of the 2008 campaign donors who haven’t given again to President Obama finds they are disproportionately centrists and very liberal Democrats, while regular Democrats have stuck by the president, BuzzFeed reports.

“The 2008 donors who were most likely to give again in 2012 are those with ideological scores most similar to Obama’s, whereas moderate-to-conservative donors and those on far left are significantly less likely to re-up.”

Independent Voters Sour on Both Obama and Romney

A new ABC News/Washington Post poll finds swing-voting independents see President Obama’s plans for the economy negatively rather than positively by 54% to 38%.

Independents also rate Mitt Romney’s economic plans more unfavorably than favorably, by 47% to 35%.

Giffords Aide Wins Seat in Special Election

“More than a year after the nation’s attention was focused on critically injured then-Rep. Gabrielle Giffords (D-AZ) and those killed and wounded alongside her, the spotlight returned Tuesday to southern Arizona as her former aide Ron Barber won the special election to serve out her remaining term,” the Arizona Republic reports.

Barber beat Jesse Kelly (R) by six points, 52% to 46%.

Romney Nearly Catches Obama Nationally

A new Reuters/Ipsos poll shows President Obama edging Mitt Romney nationally, 45% to 44%.

Key findings: “The percentage of Americans who approve of Obama’s job performance dropped from 50 a month ago to 47, matching his mark in early January. The number who think the country is on the wrong track rose 6 percentage points in a month to 63 percent.”

The results are similar to the latest Gallup tracking poll which also shows Obama leading by one point, 46% to 45%.

An Economist/YouGov poll shows Obama leading 44% to 42%.

Strategist Pledges to Take Cantor Race National

Democratic operative Dave “Mudcat” Saunders told the Daily Caller he has signed up with Wayne Powell (D) to take on House Majority Leader Eric Cantor (R-VA).

Said Saunders: “We’re going national. And we’re going to be doing a lot of national shows.”

The campaign’s message: “He screwed us, and us is pissed.”

Explore posts in the same categories: Candidates, National, Politics

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