Daily Archives: May 14, 2013
Here are today’s statistics on the state of the economy:
The NFIB Small Business Optimism Index rose 2.6 points to 92.1 in April.
April export prices fell -0.7% and import prices fell -0.5%. On a year-over-year basis, export prices fell 0.9% while import prices fell -2.6%.
ICSC Goldman reports weekly retail sales fell -2.0%, and are up only 1.2% from a year ago. Redbook’s year-over-year sales growth reading improved to 2.8%.
I found this to be very interesting. From ABC News (email):
ABC’s JEFF ZELENY: The troubles are mounting for the White House – Benghazi, IRS, AP phone records – leading one administration official to ask yesterday: “Is it really still only Monday?” It’s safe to say all three topics are moving into scandal territory, but it’s a mistake to view them together. Of all of the controversies, the IRS seems to be the most troubling because it further erodes trust in government and institutions – from a point that is already distressingly low. At least three Congressional committees are digging in. Even though the president said he didn’t know about the IRS matter until the news broke last week, it happened on his watch. Democrats could have a hard time winning this one. It bolsters the case for Republicans, just in time for the midterm campaign to begin.
ABC’s RICK KLEIN: It comes fast and intense in a second term. And the confluence of events – Benghazi talking points, the IRS scandal, sweeping subpoenas of Associated Press records – leave plenty of reasons to mistrust the government President Obama is leading. Knowing that Congress can’t walk and chew gum very well – it can’t walk all that well without the gum, and this flavor is particularly tasty to the president’s opponents – this is a recipe for stalling and worse for just about anything the White House wants to do. The president’s powers of public persuasion, meanwhile, could ebb in the whiff of scandals. If there’s a White House strategy to turn this all around, we’re not seeing signs of it, not yet.
ABC’s DEVIN DWYER: The talking points coming out of the State Department on Monday were astonishing for their attempted revisionism. Spokeswoman Jen Psaki repeated four times in four minutes that the Obama administration’s early public characterization of the 2012 Benghazi terror attack was dictated by the CIA. “These were CIA points. They were CIA edited. They were CIA finalized,” she said. Nevermind that trove of emails, obtained by ABC News, that shows it was in fact the State Department that sought to edit out the CIA’s references to al Qaeda and to security warnings in Benghazi prior to the attack. “These started and ended as CIA talking points,” Psaki said. Technically, maybe so. But it would be disingenuous to ignore or deny the apparent influence of State during the talking-point sausage-making that occurred in between.
ABC’s SHUSHANNAH WALSHE: The Tea Party groups who say they were unfairly targeted by the IRS showed ABC News questionnaires and documents received from the Internal Revenue Service. They had to answer questions about their donors, views on issues, and one member said she was even asked to show her personal Facebook account, all they say, because of their political views. The agency apologized last week, but these groups don’t feel like they were directly apologized to. All want an investigation, but for Jennifer Stefano who was trying to set up a group called The Loyal Opposition, but finally gave up, she compares this scandal to Watergate: “It became very frightening, the IRS has the power to target the political opposition of a sitting president.”
It’s amazing it has taken these events and this long for these people to actually do their jobs. And there’s no guarantee they will. But it can’t be denied any longer — it is on “the” radar screen. Benghazi, IRS, AP, you name it. Even the sycophants credulity is being tested.
Maybe it took this administration’s messing with AP to finally make them figure out that for the most part they’ve simply been the media arm of the administration and the administration feels some “ownership” rights. Thus it was checking on them … or something.
It’ll be interesting to watch this all unfold — or disappear.