Saturday, September 25, 2010
Democrats Unleash Ads Focusing on Rivals’ Pasts
This story shows the importance of media exposure in the political world and in turn, the policy process. Birkland lists the media as an unofficial actor in the policy process, meaning that it has an indirect effect on the national agenda. Negative ads paid for by political candidates influence voters as to who they will vote for in November. The balance of the political parties in Congress will determine what items make it onto the national agenda and how far they progress into law. Even if citizens make their priorities known to legislators through voting and grassroots efforts, in a top-down system these lawmakers will ultimately decide which policy issues are most important to our nation.
http://www.nytimes.com/2010/09/26/us/politics/26dems.html?hp
Insuring Young Adults
The health care reform is one policy process that has been on the public agenda for quite some time, and doesn’t appear to be going anywhere. Obama, as well as a majority of US citizens, have a cognitive judgment towards this issue and know that it can be altered. This past Thursday, implementation of the new health insurance policy was enacted. This policy ensures that young Americans may stay on their parents’ insurance plans until they are 26 years of age. Whereas before they were dropped at 19, or 23 if they were full time students. These policy objectives have been clearly and consistently defined, making this a “top-down” implementation approach.
http://thecaucus.blogs.nytimes.com/2010/09/24/insuring-young-adults/?scp=1&sq=health%20care%2026&st=cse
-Kelly Neary
How College Health Plans Are Failing Students
article
Despite Setback, Gay Rights Move Forward
This connects to class because we have talked about the offical actors and their part of polcies, in this case gay rights. These cases are specifically on the agenda because it grabbing the attention of the public and news media.
Elizabeth Sziler
http://www.nytimes.com/2010/09/22/us/22legal.html?sq=recent policy issues&st=cse&adxnnl=1&scp=3&adxnnlx=1285430729-W1o4GclxdeDb3jN+X1UZ/A
Thursday, September 23, 2010
Obama, Wen huddle in a side meeting at U.N.
United Nations (CNN) -- President Barack Obama urged Chinese Premier Wen Jiabao to speed up the revaluation of his nation's currency, telling him in a two-hour meeting Thursday that the slow pace of reforms was affecting both the global and U.S. economies, a top U.S. aide said. The talks on the sidelines of this week's U.N. General Assembly opening also covered security issues including Iran, Sudan and the dispute between China and Japan -- a major U.S. ally -- regarding the South China Seas, said Jeff Bader, Obama's special assistant and senior director for Asian affairs. Most of the focus was on economic issues, Bader said, because Wen is responsible for managing the Chinese economy, the world's second largest behind the United States.
On the economic front, although the world economy is now growing again, I think it's going to be very important for U.S to have frank discussions and continue to do more work cooperatively in order to achieve the type of balance and sustained economic growth. The premier is correct in a sense. The American mindset of limiting imports due to the incorrect and simple populist notion that somehow U.S will increase employment by cutting off trade, or artificially protecting either jobs or wages. This fear is commonly used by our politicians on both sides of the party system to get elected and stir up angst against the Chinese. They are not good or evil; they are looking out for their self-interest and cannot be faulted for doing so.
Post by: Ziying Yuan
http://edition.cnn.com/2010/WORLD/asiapcf/09/23/un.china.wen.meeting/
Democrats losing control of Congress
Wednesday, September 22, 2010
Unusual worry for economy: Is inflation too low?
We have all been affected by this economic downturn one way or another. Finally, our economic recession has come to a halt. It seems like the unemployment rate is finally diminishing as prices everywhere seem to be increasing, such as medical care and college tuition. However, the Federal Reserve believes that prices aren’t going up fast enough. The Federal Reserve is an elite/nonmajoritarian group of private bankers that control our money supply, thus controlling the inflation in our economy. The Feds believe a little more inflation is just what our economy needs to “start a chain reaction” that would eventually create jobs and stimulate economic growth. This came to a shock to the public because inflation is usually considered an economic evil.
-Rebecca Jania
http://finance.yahoo.com/news/Unusual-worry-for-economy-Is-apf-1253519994.html?x=0
Are you serious Senate?
Article: http://www.economist.com/blogs/democracyinamerica/2010/09/dont_ask_dont_tell_0
—Josh Browning
Iran warns U.S.
What are we going to do about immigration reform?
Immigration reform has been on the public agenda for a minimum of seven years now. It even made it to spot number six on the classroom list of biggest public problems. In this article, Scott Biddle says, "You can't hope to implement sound strategies unless you understand what brings people to the United States and what they thing about the nation once the get here". One thing thats clear from the research is immigrants are happy in the U.S. and would do it all over again. They even hope for their kids to grow up here. There are currently 34.2 million foreign born immigrants and over 12 million illegal immigrants in addition. The legislature need to make a decision about this situation and get the reform off of the public agenda. But are immigrants really hurting the U.S., or are they helping by working for minimum wage and putting their money back into our economy?
www.publicagenda.org/pages/immigration
Michelle Watkins
Tight Budgets for Campaigns May Hinder Republicans
-Jordan Goodman
http://www.nytimes.com/2010/09/22/us/politics/22repubs.html?_r=1&hp
Obama’s Economics Chief Is Set to Leave
-Jordan Goodman
http://www.nytimes.com/2010/09/23/us/politics/23bai.html?hp
Tuesday, September 21, 2010
Wen will not meet Japan PM
Fed Prepared to Ease Further to Revive Economy
The Federal Reserve said it’s willing to ease monetary policy further to spur growth and support prices while refraining today from expanding its holdings of securities.
“The committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate,” the Federal Open Market Committee said today in a statement in Washington.
Policy makers said the pace of recovery and job growth have “slowed in recent months.” The committee also said “measures of underlying inflation are currently at levels somewhat below those the committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability.”
Gold rose, the dollar fell and the yield on two-year Treasuries hit a record low on speculation Chairman Ben S. Bernanke will purchase additional U.S. government securities in coming months in an effort to lower long-term interest rates. The FOMC retained its stance from last month of keeping its portfolio stable at around $2 trillion to keep money from draining out of the financial system.
“Inflation is likely to remain subdued for some time before rising to levels the committee considers consistent with its mandate,” the statement said.
Blatant Signal
“This is a Fed blatantly saying they are out of their mandate now on inflation,” Diane Swonk, chief economist at Chicago-based Mesirow Financial Inc., said in a Bloomberg Television interview. The FOMC will likely ease should inflation further subside and the unemployment rate not decline “dramatically,” she said.
Treasuries gained, with the yield on the two-year note falling four basis points to 0.420 percent at 3:12 p.m. in New York. The Standard & Poor’s 500 Index fell 0.8 percent to 1,141.83.
Kansas City Federal Reserve Bank President Thomas Hoenigdissented for a sixth straight meeting, tying a record for most consecutive dissents at regular FOMC meetings since 1955 because he “believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.”
U.S. central bankers are on guard against an economy that may be stuck at a pace of growth that won’t generate higher levels of employment for years to come. Fed officials in June forecast the unemployment rate would be in a range of 6.8 percent to 7.9 percent by 2012.
Worst Recession
The National Bureau of Economic Research yesterday said the worst recession since the 1930s ended in June 2009. Unemployment in the U.S. may stay above pre-recession levels until at least 2013, the Organization for Economic Cooperation and Development said in a report the same day.
Gross domestic product expanded at a 1.6 percent annual rate in the second quarter, and St. Louis forecasting firm Macroeconomic Advisers estimates growth is tracking at a 1.4 percent annual rate for the third quarter.
Bernanke told central bankers gathered in Jackson Hole, Wyoming, on Aug. 27 that “preconditions for a pickup in growth in 2011” appear to be in place. Even so, policy makers are “prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.”
Weighing Risks
Bernanke said the benefits of a resumption of large-scale asset purchases must be weighed against risks that include an erosion of public confidence that the Fed will be able to reduce its balance sheet and prevent a surge in inflation.
Since Bernanke’s Jackson Hole speech, reports on retail sales, manufacturing and employment have tempered investor concerns that the economy is at risk of sliding back into a recession.
Retail sales rose in August for the second consecutive month, and the Institute for Supply Management’s factory index rose to a three-month high. Companies in the U.S. added 67,000 jobs last month, more than forecast by economists.
The Standard & Poor’s 500 Index has rallied 7 percent since Bernanke’s Aug. 27 speech and is up more than 2 percent this year. The yield on the 10-year Treasury note has fallen 1.17 percentage point to 2.66 percent since Jan. 1.
Consumer Spending
Even so, the pace of payroll growth is too slow to make up for the loss of more than 8 million jobs caused by the recession or spur the consumer spending that makes up more than 70 percent of the economy.
Memphis-based FedEx Corp., the second-largest U.S. package- shipping company, said last week it will eliminate 1,700 jobs as it forecast earnings for the current quarter that fell short of analysts’ estimates.
“If you are outside the workforce right now, the door is barely cracked open,” John Challenger, chief executive officer of Challenger, Gray & Christmas, a Chicago-based outplacement firm that helps 5,000 to 10,000 workers a year find new jobs, said before the announcement.
Consumer confidence fell in September to a one-year low, according to an index compiled by Thomson Reuters and the University of Michigan.
Companies have little pricing power after the recession ravaged incomes and household finances. The consumer price index, minus food and energy, rose 0.9 percent for the 12 months ending August.
Lure Shoppers
To attract shoppers, companies such as Bentonville, Arkansas-based Wal-Mart Stores Inc. and Cincinnati-based Kroger Co. are discounting merchandise.
“Our customer remains challenged,” William Simon, president and chief operating officer of Wal-Mart’s U.S. operations, said at an analyst presentation Sept. 15. “We need to figure out how to operate in this environment.”
Household wealth in the U.S. fell 2.8 percent in the second quarter as share prices were depressed by the European debt crisis, according to the Fed’s Flow of Funds report on Sept. 17. The Census Bureau said last week that the number of Americans living in poverty rose to 43.6 million, the most in 51 years.
Gross domestic product will expand at an average annual pace of 2.5 percent next year, according to the median estimate in a Bloomberg survey of economists this month, down from a forecast of 2.8 percent in early August.
“The longer you have weak growth the longer you have no underlying healing in your economy,”Ethan Harris, head of North American Economics at Bank of America-Merrill Lynch, said before the announcement. “You don’t heal the housing market, you don’t heal the household balance sheet. By allowing growth to sit below trend, you create a huge window of vulnerability to a shock.”
Mitchell Kellman
The U.S. Senate Punts on "Don't Ask, Don't Tell"
http://gayrights.change.org/blog/view/the_us_senate_punts_on_dont_ask_dont_tell
Kilee Imlay
Tax breaks to improve Democratic party popularity
Democrats, led by President Obama, are trying to gain more followers by putting tax breaks and government backed loans for small businesses first on the agenda. The democrats submitted a multi-billion dollar package of tax breaks and loans to congress for approval, and received approval on Thursday. Obama and the democrats are attempting to “illustrate their efforts to revive the faltering economy, and to define republicans as obstructionists.” Democrats are using agenda setting to gain support from US democrats and to make the Republican party look bad. This relates to our class because we have been discussing the agenda-setting process, and here is an example of agenda setting put to use in politics.
Aria Greenberg
Strange genius behind destructive economic policies
http://www.indystar.com/apps/pbcs.dll/article?AID=20109140309
Monday, September 20, 2010
Abortion Up For Debate
Website
Conservative paper fights alongside Immigrants
Recently in Utah a Mormon based paper The Deseret News, who is sponsored by the Church of Jesus Christ of Latter-day Saints published articles supporting immigration. This practice is seemingly out of place in the normally ultra conservative paper, which regularly speaks up about same-sex marriage and deficit spending. The editor a former GOP member has not backed down from his stance on illegal immigration, even after great backlash from his faithful right wing readers. A recent article sympathized with immigrants, saying that their plight is very similar to early 19th century Mormons. Public policy and opinion are being affected through a faith-based newspaper, and while many may disagree with the papers motives, if compassion and greater understanding arises then motives become secondary.
http://www.nytimes.com/2010/09/20/business/media/20deseret.html?ref=us
Ben Rains
For the Unemployed Over 50, Fears of Never Working Again
Some non-profit companies, such as WorkSource, and providing seminars for this age of workers to "age proof" their resumes and to encourage them to continue with their job hunt and to also not forget to try and stay relevent with more technology classes.
http://www.nytimes.com/2010/09/20/business/economy/20older.html?pagewanted=1&_r=1&hp&adxnnlx=1284995664-vit8/mbwksqu6/I9xKnkew
Recession Has Officially Ended
http://economix.blogs.nytimes.com/2010/09/20/the-recession-has-officially-ended/?hp