Yesterday, U.S. Representative Thaddeus G. McCotter filed the maximum 2000 petition signatures required to seek Michigan’s 11th Congressional District seat. Rep. McCotter spent filing day the same way he spends every day – working hard for the people of Michigan. While managing the GOP’s time under the House’s Committee of the Whole, his resolution honoring the late Ernie Harwell was sent to the full House.
As the Obama Administration struggles to come to terms with Tuesday’s election of Republican Scott Brown to the US Senate seat formerly held by Ted Kennedy, Americans are seeing another rise in jobless claims. The Department of Labor’s weekly jobless number rose by 36,000 in the report released this morning.
Initial claims for jobless benefits rose by 36,000 to 482,000 in the week ended Jan. 16, according to the Labor Department’s weekly report Thursday. The previous week’s level was revised upward to 446,000 from 444,000.
Economists surveyed by Dow Jones Newswires expected a decrease of 4,000 initial claims.
The four-week moving average, which aims to smooth volatility in the data, also increased as well last week. The Labor Department said the four-week moving average increased by 7,000 to 448,250 from the previous week’s revised average of 441,250.
Looking at the retirement of Kansas Congressman Dennis Moore, Michael Barone suggests Democrats may be facing a tough year.
2010 undoubtedly looks like an uphill race for Dennis Moore. By announcing his retirement, he is free to vote for House Democratic leaders’ unpopular legislation without political repercussion and is spared the trouble of extensive campaigning. That’s fine for him. But if other Democratic incumbents in marginal districts—and, remember, the 3rd district voted for Obama—choose to follow Moore’s course, that could make it much harder to Democrats to maintain a big majority in the House and could make it easier for Republicans to gain most or all of the 41 seats they need to win a majority there.
Obama made an appearance at the Democrats annual retreat to pledge his support for them, and his willingness to campaign on their behalf, in exchange for passage of his health care bill.
Seeking to portray themselves as hard at work rather than relaxing as millions of Americans remain unemployed, Democrats eschewed their usual three-day trip to Kingsmill Resort and Spa in Williamsburg in favor of an auditorium at the visitor center.
That’s the description of the Democrats – “hard at work”. Normally they would be living it up, but because America is unemployed they’ll portray themselves as hard at work. Good to know they’re willing to put us first since their health care takeover clearly doesn’t.
Saying the Senate Health Care bill “pits working Americans who need health care for their families against working Americans struggling to keep health care for their families”, AFl-CIO president Richard Trumka is part of the large opposition from labor leaders to Obama’s plan. Union leaders are concerned about provisions that would tax many hard fought health care plans enjoyed by union workers. While the unions prefer House provisions that would tax “the wealthy”, the Senate version could trap union employees in it’s tax increases.
That health care bill may have trouble passing the Senate depending on the outcome of next week’s special election to fill the seat of former Senator Ted Kennedy – who passed away in August.
A Boston Globe survey released this weekend showed Ms. Coakley with a 15-point lead, but a survey by the Democratic firm Public Policy Polling found the race a dead heat, with Mr. Brown up 48% to 47%. The scary prospect for Democrats is that the race is even this close on their home ideological turf, and turnout is always difficult to predict in special elections.
That’s especially true in midwinter and with a voting public that is increasingly opposed to the Democratic agenda in Washington. The Public Policy Poll found that likely Bay State voters oppose the Democratic health plans by 47% to 41% and that they give President Obama only 44% job approval. This in a state he carried by 26 points only 14 months ago. It also found Republicans much more motivated to vote than Democrats.
Mr. Brown, a state senator who is little known state-wide, has been running against Washington’s blowout spending and has called for a freeze on the wages of federal employees. “It’s not right that less-paid private sector workers suffering through a recession have to pay for expensive government salaries,” he says, noting Ms. Coakley’s many union endorsements.
Realizing that executive pay has a lot to do with executive retention, the US government’ pay czar has approved a compensation package worth nearly $5 million for a top executive at AIG.
A top executive of American International Group has been granted a $4.3 million pay-package bump by the troubled insurance giant’s majority owner — the U.S. government — because the executive has decided to remain with the company. Kenneth Feinberg, the Obama administration’s pay czar, approved an AIG request to grant the executive a long-term compensation package that includes stock options with a current value of $3.26 million and an additional incentive award of up to $1 million. The package comes on top of the executive’s 2009 base salary of $450,000… The executive had been planning to leave the company and had not been granted long-term compensation benefits.
While many people have criticized executive pay, and despite government intrusion in such decisions for bailed out companies, the market typically drives such decisions. In this case, the executive in questions would have left AIG, and tekne his expertise with him, unless he was given comparable pay. The free market still works, even in the face of government meddling.
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