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George Zornick | The Nation

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George Zornick

George Zornick

Action and dysfunction in the Beltway swamp. E-mail tips to george@thenation.com

What a Republican Senate Would Look Like

Senator DeMint

Senator Jim DeMint, who is in line to take over the Committee on Commerce, Science and Transportation. via Leadership Council on Civil and Human Rights.

A year ago, a Republican takeover of the US Senate seemed inevitable. Democrats held only a four-member advantage, and would have to defend twenty-three seats—where Republicans only had to defend ten, many of them in completely safe states like Mississippi, Utah, Texas and Wyoming.

No, Jamie Dimon, Your Good Deeds Aren't Being Punished

When New York Attorney General Eric Schneiderman filed a civil lawsuit against JPMorgan Chase earlier this month, alleging widespread mortgage-backed securities fraud at Bear Stearns—which the JPMorgan Chase acquired during the financial collapse in 2008—CEO Jamie Dimon got huffy. “I’d put this in the unfair category,” Dimon said in a speech not long after. Dimon thinks JPMorgan Chase did the government “a favor” by taking over Bear Stearns, and several industry insiders spun reporters after the suit was filed that this was simply a good deed being punished.

This defense was unfortunately advanced by Representative Barney Frank this week. “The decision now to prosecute J.P. Morgan Chase because of activities undertaken by Bear Stearns before the takeover unfortunately fits the description of allowing no good deed to go unpunished,” he said. “The federal officials involved believed that the failure of Bear Stearns would have terribly negative consequences for the economy, and they urged J.P. Morgan Chase to do a good deed by taking over an institution which, I believe, the bank would never have sought to acquire absent that urging.”

Whether JP Morgan Chase would have sought to acquire Bear Stearns absent the government’s urging is an interesting hypothetical, but what’s clear is that they did benefit from it. Let’s briefly review some facts:

Obama and Romney Versus the Public on Afghanistan

During tonight’s debate, the real difference between Barack Obama and Mitt Romney on Afghanistan will be somewhat hard to discern. The president adopted a strategy in 2009 to target “terrorist” safe havens in Pakistan and surge an additional 33,000 troops into Afghanistan, which have now been drawn down. Obama plans to complete a total drawdown at the end of 2014, though his administration is apparently already negotiating to maintain some kind of troop presence there past that date.

Romney, too, supports an American withdrawal from Afghanistan at the end of 2014, and has repeatedly said that’s the “right timetable.” He and Paul Ryan have still criticized Obama on his plans, hitting the president for engaging in a supposedly “politicized” removal of surge troops and for not listening enough to military commanders—but substantively, they seem to share the same plans as the president. Foreign policy experts are still stumped as to how Romney’s plans are any different, if they are at all.

It’s unusual that Romney and Obama have essentially agreed on a major policy matter, but what’s even odder is that their agreement is so far out of line with the American people. Under either president, the end of the war in Afghanistan wouldn’t come for two more yearsand the public clearly wants out now.

Herman Cain's Nationwide Worker Intimidation Tour

Herman Cain

Herman Cain addresses small business owners in Philadelphia on Friday, October 19. Photo by George Zornick.

“The problem,” former GOP presidential candidate Herman Cain told a ballroom of about thirty people in Philadelphia on Friday afternoon, “is we have a president who does not believe in a free marketplace. This is why his whole campaign is about class warfare. Playing the race card. Divisiveness. And as some of us know, deception.”

The Fiscal Cliff X-Factor: The Debt Ceiling

Ezra Klein has an important piece this morning, detailing what he believes the administration’s strategy is for dealing with the fiscal cliff after the election (assuming, of course that President Obama is gearing up for a second term, not a new presidential library).

In short, according to Klein, the White House believes it has major leverage heading into this showdown with Republicans. Since inaction means automatic spending cuts that slash the defense and non-defense budgets equally, but exempt Medicare, Medicaid and Social Security (Republicans don’t like this) and also the full expiration of the Bush tax cuts (Republicans really don’t like this), Obama will use that leverage to get a big bipartisan deal that not only executes his tax and spending preferences but much more. Writes Klein:

The administration hopes this deal will include more than just deficit reduction. They also see it as a vehicle for infrastructure investment and tax reform. They think there’s some chance that parts of the American Jobs Act, like the hiring tax credits, could sneak through the door, too. There’s even talk of using it to address climate change, though everyone agrees that’s unlikely. Whatever ends up in the final deal, there’s little doubt that it will be a big deal, and it’s likely to come together fairly quickly in the first year. The White House—and the expiring tax and spending provisions—won’t give Republicans any other choice.

Todd Akin’s Shrinking Campaign

This morning’s Wall Street Journal details how Representative Todd Akin—who at midsummer lead incumbent Senator Claire McCaskill by ten points, and is now down by perhaps that much—has contracted his campaign and “retreated deeper into the protection of [his] evangelical base.” Theoretically, all Akin ever had to do was win the vote of Missouri’s Republicans, who will almost definitely give the state’s electoral votes to Mitt Romney in November. Instead, he is spending his time talking almost exclusively to his hard-right faithful:

In a 13-minute speech at a campaign stop this week, Missouri’s Republican senatorial candidate, Rep. Todd Akin, never mentioned jobs or the economy. He did, however, mention God—31 times. “God is the start of it all,” Mr. Akin told about 150 attendees at the “Missouri Women Standing with Todd Akin” rally Monday afternoon.

With the party establishment distancing itself from the congressman, Mr. Akin has favored churches for events, relied on home-schoolers for volunteers and filled parking lots with cars bearing bumper stickers trumpeting creationism.

Romney’s Seven Biggest Debate Lies

Perhaps the most famous moment to come out of Tuesday night’s presidential town-hall style debate in Hempstead, New York, was when moderator Candy Crowley fact-checked Mitt Romney on the spot on Libya. (Video here). 

But that isn’t the only time the Republican candidate said something completely false—it was perhaps just the most obvious. Here are the seven biggest lies Romney told:

ROMNEY: “We have fewer people working today than we had when the president took office.”

Josh Mandel Offers the Most Nonsensical Plan Yet to Cover Pre-Existing Conditions

Republicans who want to repeal the Affordable Care Act—that is, all of them—have a really difficult time explaining how they would preserve popular elements of the legislation, such as the provisions that ban insurers from denying coverage based on pre-existing conditions, or requirements that young people remain covered for longer on their parents’ policy.

In a lunchtime debate on Monday, Josh Mandel, the Republican trying to unseat Senator Sherrod Brown in Ohio, gave easily the most confusing “plan” we've heard so far:

Q: How would you, and with specificity please, how would you maintain those benefits without the requirement of people buying insurance?

Paul Ryan's Congressional Opponent: Debate Me Next!

On the heels of last night’s vice-presidential debate, Paul Ryan’s Democratic opponent for his congressional seat wants a second round—while he sits Biden’s chair.

Rob Zerban is facing a tough road to unseating Ryan, who won Wisconsin’s 1st district with over 68 percent of the vote in 2010—and the district has since been reapportioned to include even more Republicans.

Yet, the district is still fairly purple—Obama narrowly won it in 2008, and the redistricting only added a couple Republican points. Zerban has far outraised any other Ryan challenger over the years, though he still lags far behind Ryan in that category.

Scott Brown's Hypocrisy on Wall Street Reform

In his debate with Elizabeth Warren last night, Senator Scott Brown struck an odd pose—as a Wall Street reformer. Just as Mitt Romney dishonestly did during last week’s presidential debate, Brown was attempting to re-upholster an ugly record of helping out the country’s largest financial institutions.

When Warren brought up her brainchild, the Consumer Financial Protection Bureau, Brown eagerly attempted to hop on the bandwagon—drawing boos from the crowd:

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