Friday, May 11, 2012

News of the Day

1. A recent article in the Washington Post has struck a chord with people following the Presidential race. The article describes an incident of bullying by Mitt Romney when he was in high school back in the 60's. While some people (primarily Democrats) are calling this evidence of Romney's darker side, others (primarily Republicans) are saying that it goes too far and has no bearing on the race or on Romney's character now.

Personally, I agree that the actions of people in high school should not be held against them in this context, unless those actions are legally questionable. An instance of bullying is not good, but it's not the worst thing that could happen. And Romney seems to have responded appropriately.

I will say, though, that if this were a story that had come out about Obama, it would be all over the airwaves. Conservatives would be having a field day. Look how they reacted when they got footage of Obama in college, and when they got information about his former girlfriends. A story about Obama being a bully would be a gold mine for the Rush Limbaugh's and Sean Hannity's of the world. Oh, wait, that's happened....

2. JP Morgan Chase reports that they've lost $2 Billion due to bad trades in the last month. Funnily enough, no one seems to suggest that stricter regulation of the banks might be a helpful tool to prevent this kind of thing. I'd say it's a 50/50 chance that some pundit will claim that JPM was pushed to drastic trading due to over-regulation by the government, and that we need less oversight.

3. The Paul Ryan Budget recently passed the house. The budget calls for cuts to social programs and more money going to the Pentagon, even as DOD officials say they don't need any of the $8 Billion in new spending being thrown at them.
Normally the party of fiscal responsibility, the GOP is now arguing for increased spending. Keep in mind, these cuts are due to last summer's super committee failure to reach a debt ceiling deal. According to the deal, 50% of cuts came from social programs and the rest came Crome defense. Now, the GOP is going back on this deal and want all the cuts to come from democratic programs.

1 comment:

samp said...

I agree with you (yes,again) on the Romney bullying thing. If they have to go back 40+ years to find something supposedly negative about Romney I guess he's pretty "clean" as candidates go. It's only the bullying has become the "in" thing lately that they even tried this. I know you don't remember the 60s but I do. Of course bullying existed. It always has. BUT no one knew or cared or questioned someone sexual orientation. So, I think whoever dug this crap up made political blunder. However I also think when that is realized the main stream media will drop it. Too bad that it's come to this.