Diamond Not Qualified for Fed Board

November 15, 2010 · Posted in The Capitol · Comment 

By Mark A. Calabria

Tuesday the Senate Banking Committee meets for the second time to consider the nomination of Peter Diamond to a seat on the Federal Reserve’s Board of Governors. Since Professor Diamond was first nominated, he has been awarded the Nobel prize in economics.

Putting aside his academic qualifications, and his misguided views on Social Security, Professor Diamond is not qualified to be a Fed governor for one very simple reason: he is from a Federal Reserve district that already has representation on the Fed.  Paragraph 10-1 of the Federal Reserve Act requires that:

In selecting the members of the Board, not more than one of whom shall be selected from any one Federal Reserve district, the President shall have due regard to a fair representation of the financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.

Mr. Diamond’s Senate paperwork states he is from Massachusetts, which is also the case for sitting Fed governor Dan Tarullo.  In fairness this provision of the law has been ignored and violated in the past.  In fact, both current Fed Governors Duke and Raskin are both from the Richmond district.  As Duke was there first, it would seem clear from a reading of the law and Raskin’s bio that Raskin is serving in violation of the statute.  But then given the actions of the Fed over the last few years, the Fed has certainly shown that it doesn’t feel constrained by statutes.

Bloomberg reports that despite what Diamond’s paperwork says, the White House claims he’s from Chicago.  Not that he’s ever lived there, but because he once gave a lecture at Northwestern.  Next I suspect the White House will claim an extended lay-over at O’Hare is sufficient for residency.

For perhaps the first time in history, all the Federal Reserve governors are from coastal states.  Also every single Fed governor is from a state that Obama won.  Only one governor is from west of the Mississippi river.  How anyone can believe the current make-up of the Board is a “fair representation” is beyond me.  Perhaps this is one explanation for the currently low public opinion of the Fed; it has become more a Cambridge-Wall Street-Washington echo chamber than anything else.

Diamond Not Qualified for Fed Board is a post from Cato @ Liberty - Cato Institute Blog


Cato @ Liberty

A Qualified Defense Of Journalistic Objectivity

November 13, 2010 · Posted in The Capitol · Comment 

Jay Rosen offers it:

…if objectivity means trying to ground truth claims in verifiable facts, I am definitely for that. If it means there’s a “hard” reality out there that exists beyond any of our descriptions of it, I agree. If objectivity is the requirement to acknowledge what is, regardless of whether we want it to be that way, then I want journalists who can be objective in that sense. Don’t you?

If it means trying to see things in that fuller perspective Thomas Nagel talked about–pulling the camera back, revealing our previous position as only one of many–I would second that motion. If it means the struggle to get beyond the limited perspective that our experience and upbringing afford us… yeah, we need more of that, not less. I think there is value in acts of description that do not attempt to say whether the thing described is good or bad. Is that objectivity? If so, I’m all for it, and I do that myself sometimes. The View from Nowhere is my attempt to isolate the element in objectivity that we don’t need, and give a name to it.





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The Daily Dish | By Andrew Sullivan

Bush On Palin: Not Qualified To Be President

November 6, 2010 · Posted in The Capitol · Comment 

You’re unlikely to hear much from George W. Bush publicly about the upcoming battle for the GOP nomination, but he’s apparently expressed his opinions privately:

Two years of retirement haven’t dulled George W. Bush’s political zest - and President Obama and Sarah Palin are among his under-the-radar targets.

The 43rd President has told friends the ex-Alaska governor isn’t qualified to be President and criticizes Arizona Sen. John McCain for putting Palin on the 2008 GOP ticket and handing her a national platform.

“Naming Palin makes Bush think less of McCain as a man,” a Republican official familiar with Bush’s thinking told the Daily News.

“He thinks McCain ran a lousy campaign with an unqualified running mate and destroyed any chance of winning by picking Palin.”

Publicly, Bush is decidedly not interested in commenting on politics at all:




Outside the Beltway

George W. Bush: Palin Not Qualified to be President and McCain Wrong In Picking Her

November 5, 2010 · Posted in The Capitol · Comment 

The knives are coming out in both the Democratic and Republican parties as both parties gear up for 2012 and wings of the each party feel the other wing is dragging them down. The latest twist is a New York Daily News piece that says former President George W. Bush feels that former Alakas Gov. Sarah Palin is not qualified to be President, John McCain was wrong picking her - -and that McCain ran a lousy losing campaign for President:

Two years of retirement haven’t dulled George W. Bush’s political zest - and President Obama and Sarah Palin are among his under-the-radar targets.

The 43rd President has told friends the ex-Alaska governor isn’t qualified to be President and criticizes Arizona Sen. John McCain for putting Palin on the 2008 GOP ticket and handing her a national platform.

“Naming Palin makes Bush think less of McCain as a man,” a Republican official familiar with Bush’s thinking told the Daily News.

“He thinks McCain ran a lousy campaign with an unqualified running mate and destroyed any chance of winning by picking Palin.”

Meanwhile, the Daily News reports that Bush feels Obama is a failed President. Bush himself has been called just that — as Obama has been called that recently by not just Republicans but by some Democrats and at the ballot box by many voters:

As he prepares for the Tuesday launch of his memoir, “Decision Points,” Bush scrupulously gives his successor a public pass - a statesmanlike stance urged by his father, President George H. W. Bush.

“I want my President to succeed because if my President succeeds my country succeeds, and I want my country to succeed,” Bush typically says when asked about Obama.

“He won’t call Obama by name but he won’t trash him,” a confidant noted, referring to Bush’s comments in post-presidency speaking appearances, which have netted him millions, often at $ 100,000 or more a pop.

Still, he thinks Obama has failed as a President - a judgment supported by this week’s robust Republican gains.

On stories like this you have to wonder about sourcing. For instance, could it be someone close to Karl Rove (or Rove)? But sourcing aside, this is a fascinating article.

It underscores one fact:

Sarah Palin remains an acquired taste. And for some, it is a taste impossible to acquire.

Her supporters adorer her and go haywire when they hear or read someone who doesn’t react the same way (just watch comments under this post or any links that come in about it). But the fact is that a LARGE number of Americans including Republicans feel she is not qualified to be President. That does not mean she cannot win the nomination or election, her many critics notwithstanding.

But it indicates that if she won election she would probably be the most polarizing President ever because snark, sarcasm, and catchy talk radio style phrases do not ]’[
tghnexpand a constituency but limit it. She would a far more polarizing than Richard Nixon, George W. Bush or Barack Obama. Could she win? Under the right circumstances, you betcha. Could she govern with widespread support? Unlikely since so many American who could accept a President Huckabee or President Romney or President Jeb Bush would not be convinced — and above all Palin seems uninterested in trying to win over or convince those that don’t already agree with her.

On the other hand, George W. Bush represents the Republican establishment and old guard that Palin often disses.

It’s clear, though, that the “dissing” is mutual, given the recent comments of Rove and this clearly leaked report of what GWB feels (look for a denial as Rush Limbaugh raises it and defends his favorite Presidential hopeful..but stories like this are not invented or made up: a reporter talks to a source who usually has a motive in giving info).


The Moderate Voice

ABC Poll Shows Karl Rove Correct: Most Think Palin Not Qualified to Be President

October 29, 2010 · Posted in The Capitol · Comment 

Rush Limbaugh, some Tea Party members and conservative bloggers may be unhappy with Republican establishment political maven Karl Rove for his comments dissing former Alaska Gov and Tea Party spiritual leader Sarah Palin’s chances for the White House, but a new poll finds that (once again) Rove has accurately gauged the public mood:

Sarah Palin’s interest in the presidency is not being reciprocated by most Americans: Two-thirds of registered voters in a new ABC News/Washington Post poll say she’s unqualified for the job, and more than half continue to rate her unfavorably overall.

But to some, whatever Rush Limbaugh suggests or says MUST be true (so they’ll ignore the poll or perhaps do what partisans do when they don’t like a poll: say its methodology is flawed).

Those results come after Palin, in a television interview this week, said she’d run in 2012 “if there’s nobody else to do it.” That echoed a comment in February, when she said she wouldn’t “close the door that perhaps could be open for me in the future.”

This poll, produced for ABC News by Langer Research Associates, suggests steep challenges. Palin appears to have gained little luster from the success of the Tea Party political movement with which she’d aligned: Just 39 percent of registered voters see her favorably, the most basic measure of a public figure’s popularity. That’s essentially the same as her lows, 37 percent, last winter and spring.

Even fewer, just 27 percent, see her as qualified for the presidency, also essentially unchanged. Sixty-seven percent say she’s not qualified; this peaked at 71 percent in February.

The partisan divide is not unusual: to many Democrats and independents watching Palin for any extended time on television is an acquired taste or tolerance.

And the poll now finds that quite a few in her own party confirm Rove’s take on Palin and her chances:

While there are political and ideological divides on Palin, she faces hurdles across the board. Even in her own party, Republicans divide, 47 percent to 46 percent, on whether she’s qualified or unqualified to serve as president. Conservatives split, 45-48 percent, as do Tea Party supporters, 48-48 percent.

In only two groups do majorities see Palin as qualified – conservative Republicans, by 55-40 percent; and “strong” supporters of the Tea Party movement, by a broad 73-22 percent. (They’re a small group, one in 10 registered voters.)

While 82 percent of Democrats and 84 percent of liberals see her as unqualified, as do 70 percent of swing-voting independents and 77 percent of self-described political moderates.

After the mid-terms look for the battle to begin in ernest between the Limbaugh-Palin wing of the party (which has co-opted the original Tea Party movement which was highly critical of George W. Bush and Republicans) and the Rove-Establishment (that includes Mitt Romney who some think Rove will back) wing of the party. Limbaugh has already started taking potshots at Rove - using the same mix of sarcasm, innuendo and demonization that he has used against Democrats.


The Moderate Voice

Fiorina: Palin is qualified to be president

October 11, 2010 · Posted in The Capitol · Comment 

(CNN) - Carly Fiorina, the Republican Senate candidate in California gifted Sarah Palin a high compliment on Monday.

“I certainly think she’s qualified to be president of the United States,” Fiorina said in an interview on CNN’s The Situation Room.

But when the former Alaska governor, who endorsed Fiorina in the primary race, visits California Saturday with Michael Steele, Fiorina won’t be in attendance. Instead, she said, she will be campaigning with Republican Sen. John McCain at an event for veterans.

“Sarah Palin is here to endorse her book I believe and to raise money,” Fiorina told CNN anchor Wolf Blitzer. “I am here running for office so we’re all busy.”

Fiorina, the former CEO of Hewlett Packard, wouldn’t say if she considers herself a member of the Tea Party movement.

“I see myself as a candidate running for public office for the very first time,” Fiorina said. “I see myself as serving the voters of California.”

Fiorina is in a tough race against three-term incumbent Senator Barbara Boxer. In the latest CNN/Time/Opinion Research Poll of likely voters, 52 percent of respondents said they would back Boxer and 43 percent said they would back Fiorina. The survey had a sampling error of 2.5 percentage points.


CNN Political Ticker

Joe Miller Still Won’t Say Sarah Palin Is Qualified To Be President

October 7, 2010 · Posted in The Capitol · Comment 

Yesterday’s Sarah Palin controversy du jour concerned Todd Palin’s apparent anger at the fact that Joe Miller, the Alaska Senate candidate who beat Lisa Murkowski in August, had hedged his bets when asked whether he thought the former Governor was qualified to be President. The Palin camp said late yesterday that there had been a misunderstanding, but Miller’s comments last night are unlikely to end the story:

MEGYN KELLY: Let me just put it out there then: are you willing to say now whether you think Sarah Palin is qualified to be President?

JOE MILLER: You know, I’ll tell you the exact same thing that I just said this last week while I was in D.C., and that is — she, if she puts her name in the hat and that’s totally up to her, there are a number of others that are there, as well, any of which would be a far better Presidential candidate than what we’ve got right now in the Oval Office — but her decision to run is hers and hers alone.

It’s not our decision as to whether or not she runs. It certainly is a sideline to what’s going on in Alaska, and we aren’t going to fall into the trap again that the media’s trying to plant and create this as being some sort of a struggle between the Murkowskis and Palins, because that’s not what this race…

KELLY: [interrupting]…. I hear you, I hear you. I’m not trying to lay any trap. I’m just wondering, you know, she endorsed you, and Todd Palin was clearly upset that you wouldn’t say whether she was qualified, and I wanted to give you the chance to, you know, say “yes” or “no”, and it sounds like you’re not really going to say “yes” or “no.”

MILLER: No, let me make this unequivocal. She’s done phenomenal things for this country, there’s no question about that. She’s elevated the debate critical to our race, and let me tell you also: we know what qualified means, don’t we?

We know that we have a constitutional requirement for somebody that’s gonna run for President. Of course, she’s qualified.

Video:

So yes, Sarah Palin is “qualified” to be President in that she’s over 35 and a natural born citizen.

Beyond that ? Miller isn’t saying anything. And that alone speaks volumes.




Outside the Beltway

Joe Miller: Of course Palin’s legally qualified to be president

October 6, 2010 · Posted in The Capitol · Comment 

“The Palins are good friends of mine.”


Skip ahead to 4:30 for a little damage control after last night’s e-mail leak. Naturally HuffPo and Mediaite are conveniently omitting the flattering things Miller said here about Palin — “she’s done phenomenal things for this country,” “she’s elevated the debate,” and, like the rest of the field, she’d do a better job than The [...]

Read this post »

Hot Air » Top Picks

Miller re-iterates: Palin ‘qualified’

October 6, 2010 · Posted in The Capitol · Comment 

Christian Heinze catches Joe Miller’s exchange this afternoon with Megyn Kelly, in which he repeated the formula — that Palin is technically qualified for president — that enraged Todd Palin: 

MEGYN KELLY: Let me just put it out there then: are you willing to say now whether you think Sarah Palin is qualified to be President?

JOE MILLER: You know, I’ll tell you the exact same thing that I just said this last week while I was in D.C., and that is — she, if she puts her name in the hat and that’s totally up to her, there are a number of others that are there, as well, any of which would be a far better Presidential candidate than what we’ve got right now in the Oval Office — but her decision to run is hers and hers alone.

It’s not our decision as to whether or not she runs. It certainly is a sideline to what’s going on in Alaska, and we aren’t going to fall into the trap again that the media’s trying to plant and create this as being some sort of a struggle between the Murkowskis and Palins, because that’s not what this race…

KELLY: [interrupting]…. I hear you, I hear you. I’m not trying to lay any trap. I’m just wondering, you know, she endorsed you, and Todd Palin was clearly upset that you wouldn’t say whether she was qualified, and I wanted to give you the chance to, you know, say "yes" or "no", and it sounds like you’re not really going to say "yes" or "no."

MILLER: No, let me make this unequivocal. She’s done phenomenal things for this country, there’s no question about that. She’s elevated the debate critical to our race, and let me tell you also: we know what qualified means, don’t we?

We know that we have a constitutional requirement for somebody that’s gonna run for President. Of course, she’s qualified.





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Ben Smith’s Blog

Mideast Peace Talks and Why Hillary Clinton Is Tougher Than Bill, Qualified to Succeed

September 16, 2010 · Posted in The Capitol · Comment 

As the unusual confluence of the Jewish new year, Ramadan and September 11th has come and gone, I’ve been thinking a lot about the direct talks being pursued right now by U.S. Secretary of State Hillary Clinton. But this post is not about the talks’ core issues, as they’re called, or about the fact that the talks themselves are happening.

I want to focus on Secretary Clinton and the skills and talents she is using, will need and may possess that can help — or hinder — efforts to end violence and gain a permanent peace, whatever that ends up looking like, between the Israelis and Palestinians.

At least one article is calling the current negotiations a “second chance” for Clinton, after her husband Bill’s efforts to forge a lasting peace agreement in the 1990s failed. Aaron David Miller, who advised numerous U.S. secretaries of states in the past and worked on peace process policy, seems to indicate that Clinton’s skill set is very well-suited to getting the job done. From CNN:

[Miller says that] … Hillary Clinton arguably has at least some of the qualities that America’s top diplomat would need to help shepherd successful Israeli-Palestinian negotiations.

To read the rest, please visit the full entry at, “Hillary Clinton May Succeed At Building Mideast Peace.”


The Moderate Voice

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