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To: Rock_nj who wrote (181418)12/1/2009 1:01:20 PM
From: Karen Lawrence  Respond to of 361981
 
Huckabee says he's 'less likely' to run for president in 2012

Updated 8:02 a.m.
By Garance Franke-Ruta
Even before news broke that he had commuted the sentence of suspected cop-killer Maurice Clemmons, former Arkansas governor Mike Huckabee told Chris Wallace on "Fox News Sunday" he's less than likely to run for president again.

Huckabee attributed his ambivalence to his love of his new job on the Fox News Channel, where he hosts a show, and lingering questions about whether he would receive any greater support in 2012 from the GOP establishment than he did in 2007-08, when his long-shot bid drew little institutional support and quickly ran out of funds.

"The reason I wouldn't is that this Fox gig I've got right now, Chris, is really, really wonderful, " he told Wallace. "It's easy to say, 'Oh gee, don't you just want to jump back in it?' But jumping into the pool, you gotta make sure there is some water in it."

Pressed about the specific chances he would run, Huckabee said, "It's hard to say."

"A lot of it depends on how the elections turn out next year, and whether Roger Ailes continues to like my show on the weekends, and if all those things factor in, you know, it's less likely than more likely," Huckabee said. "I would have to see that the Republicans would be willing to unite behind me."
voices.washingtonpost.com



To: Rock_nj who wrote (181418)12/2/2009 4:20:13 AM
From: stockman_scott  Respond to of 361981
 
Unanswered Questions

dailykos.com



To: Rock_nj who wrote (181418)12/2/2009 1:24:18 PM
From: stockman_scott  Respond to of 361981
 
Goldman Sachs Sees ‘Rather Strong’ Growth in 2010-11 (Update2)

By Paul Dobson

Dec. 2 (Bloomberg) -- The global economy will expand 4.4 percent in 2010 and 4.5 percent the following year as the world recovers from the credit crisis, Goldman Sachs Group Inc. said.

“Our projections suggest that both 2010 and 2011 will be rather strong years,” a team led by Jim O’Neill, Goldman Sachs’s chief economist in London, wrote today in a report in which the bank made eight “top trade” recommendations. “The combination of better-than-expected growth and lower-than- expected inflation should be good news for financial markets.”

Among its recommendations, New York-based Goldman Sachs, the most profitable securities firm in Wall Street history, said investors should buy the pound against the New Zealand dollar and the Polish zloty versus the yen. The bank also backed Russian equities and suggested investors should go “long” credit protection on Spain and “short” protection on Ireland.

Goldman Sachs is more bullish on the prospects for a recovery from the worst recession since World War II than Pacific Investment Management Co., which runs the world’s biggest bond fund. Pimco expects a “new normal” investment climate that includes lower and slower economic growth, higher risk premiums, volatility and a prolonged correction phase, according to a statement yesterday.

‘Risky Assets’

Goldman Sachs’s prediction for two consecutive years of global growth at more than 4 percent, with no increase in short- term U.S. interest rates, “would appear to be rather positive for risky assets, potentially sowing the seeds for fresh asset overvaluations down the road,” the bank said. The analysts remain “nervous” about possible risks, including the possibility that the Federal Reserve will increase interest rates sooner than anticipated.

The MSCI World Index of stocks climbed 28 percent this year as the global economic slump eased. Crude oil jumped 75 percent, gold advanced to a record $1,217.23 an ounce and the dollar slid against higher-yielding currencies such as the Australian dollar and Norwegian krone. Treasuries dropped 1.4 percent in 2009, according to Merrill Lynch & Co. indexes, after a resurgence in risk appetite.

Goldman Sachs said earlier today it was ending the last four of its top trades for 2009 after “potential gains” for nine of the 11 bets, including one that the pound would strengthen against the dollar. The bank said it had “significant losses” on a recommendation to buy the dollar against the yen, losing 9 percent.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

Last Updated: December 2, 2009 12:54 EST



To: Rock_nj who wrote (181418)12/4/2009 3:56:43 AM
From: stockman_scott  Respond to of 361981
 
Obama Joins Johnson in Escalating Unpopular War He Inherited

By Michael Tackett

Dec. 2 (Bloomberg) -- President Barack Obama’s announcement that he’ll send 30,000 more U.S. troops to fight in Afghanistan had echoes of many of his predecessors whose ranks he has joined -- war presidents.

It is a collection of leaders with mixed political fates. History suggests failure is at least as likely as success, with early assurances collapsing under the weight of events the presidents couldn’t contain.

“More often than not, presidents misjudge what they achieve through these conflicts and then they are unable to control the domestic agenda when they become distracted by war,” said Robert Dallek, a presidential historian.

“This idea of guns and butter that Johnson talked about is false,” he said, referring to former President Lyndon Johnson, who escalated U.S. involvement in Vietnam at the same time he expanded social-welfare programs at home.

Obama’s challenge is greater in many ways because he’s also pressing to remake health care, which represents about 18 percent of the nation’s economy, reverse an unemployment rate of 10.2 percent and deal with a record $1.4 trillion deficit. And the war itself, polls show, is increasingly unpopular.

The White House estimates the cost of the additional troops will be $30 billion next year. Versions of health-care legislation are estimated to cost between $848 billion and more than $1 trillion over 10 years. Some Democrats are pushing the president to propose a second economic-stimulus package on top of the $787 billion plan, and Obama has said he wants climate-change legislation, which may also prove costly.

Like Iraq Surge

On Afghanistan, the president decided the infusion of troops might have the same effect as the 2007 surge of American forces in Iraq, namely to produce a more stable country on the road to lasting progress, a senior White House official said.

Unlike President George W. Bush, who said that setting a date certain for troop withdrawal would embolden the enemy, Obama has calculated that announcing an exit timetable would prompt Afghans to move faster to take control of their country, the official said.

Obama’s message that the Afghan people “will ultimately be responsible for their own country” recalled the words of John F. Kennedy about Vietnam when he said in September 1963: “In the final analysis, it is their war. They are the ones who have to win it or lose it.”

Recalling Johnson

Acceding to his generals’ calls for more troops was reminiscent of Johnson as he stepped up the conflict in Southeast Asia. “If you’re going to put one soldier in, make damned sure you have enough,” he said, according to an oral history by McGeorge Bundy, Johnson’s national security adviser.

Public anger about the Vietnam War prompted a challenge to Johnson in the Democratic primaries in 1968 and ultimately his decision not to run for a second full term.

Harry Truman, facing a public restive about the war in Korea, also decided against seeking a second full term in 1952. He announced his decision about a month after a Gallup Poll showed him with a 22 percent approval rating, the lowest of any American president since Gallup’s first survey in 1935.

Dwight Eisenhower, the retired general who led the Allied forces to victory in World War II, won as a peace candidate. An estimated 28,500 U.S. forces are still in South Korea.

“We have done very poorly in our history exiting wars,” said Ken Warren, a professor of political science at St. Louis University. “We don’t know how to.”

Mindful of Vietnam

Obama was mindful of the Vietnam analogy, and said the comparison was inaccurate because the U.S. is “joined by a broad coalition of 43 nations” in Afghanistan and that troops weren’t facing a “popular insurgency” there. “Most importantly,” he said, “unlike Vietnam, the American people were viciously attacked from Afghanistan and remain a target for those same extremists who are plotting along its border.”

Obama is also caught between Democrats who have opposed the war and Republicans who support the conflict yet not new taxes to pay for it.

“He’ll be placed in a vice grip of deficits and following a conservative’s policy,” said George Edwards, a presidential scholar at Texas A&M University in College Station, Texas. “It’s irritating the left and it’s irritating the right. It can define his presidency.”

Lack of consensus about Afghanistan and Americans’ concerns about the direction of the economy have left Obama with approval ratings that are near the lowest of his presidency. A Gallup tracking poll had him with a 51 percent rating yesterday.

No Guarantees

At the same time, successful conflicts haven’t ensured popularity. George H.W. Bush had an approval rating of 89 percent during the Gulf War in February 1991 only to lose his re-election bid to Bill Clinton in 1992. George W. Bush, who referred to himself as a “war president,” saw his ratings climb to 90 percent after the Sept. 11 attacks. Americans initially supported his war efforts in Afghanistan and Iraq and he won re-election, only to see his ratings plunge to 27 percent by September 2008.

Even Franklin Roosevelt, elected to a fourth term in 1944, faced opposition to his domestic programs as victory in World War II was becoming more likely. As David Greenberg, a history professor at Rutgers University in New Jersey says, Roosevelt proposed an “economic bill of rights” that promised 60 million jobs, among other items. He won with his lowest Electoral College vote total.

“It’s Johnson’s war, it’s Nixon’s war, it’s Bush’s war, now it’s Obama’s war,” said Warren. “He will be defined as a war president.”

To contact the reporters on this story: Michael Tackett in Washington at mtackett@bloomberg.net; Edwin Chen in Washington at echen32@bloomberg.net

Last Updated: December 2, 2009 00:14 EST



To: Rock_nj who wrote (181418)12/6/2009 6:21:54 PM
From: stockman_scott  Respond to of 361981
 
Warren Buffett: All Cars Will Be Electric in 20 Years

gurufocus.com