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Posts Tagged ‘2010’

AT&T Announces 1 Billion Dollar Loss from Obamacare in 1Q 2010

Friday, March 26th, 2010

Today, AT&T announced that it would take a 1,000,000,000 loss in 1Q 2010 because of Obamacare while also indicating it will substantially alter its employee benefit plans

Gigantic telecommunications company AT&T announced just now that it will take a $1,000,000,000 loss in the first quarter of 2010 because of changes made to the health care laws by Obamacare. Additionally, AT&T noted that the benefits packages are subject to substantial alternation in the next few weeks. AT&T’s announcement, on the heels of similar announcements by Caterpillar, John Deere, AK Steel and other large American companies, is more evidence of the negative economic effects from Obamacare. Reuters broke the story a half hour ago:

NEW YORK (Reuters) – AT&T Inc (T.N) said on Friday that it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law signed by President Barack Obama this week.

AT&T’s charge appeared to be the largest in a series of charges announced by U.S. companies this week.

The operator, whose annual revenue is expected to be $124.1 billion this year, said the charge is the result of a provision in the law related to the tax treatment of Medicare subsidies.

As a result of the legislation, the company said it will be evaluating prospective changes to the health care benefits it offers.

AT&T’s announcement, and others that are sure to follow from America’s blue chip companies, appears to disprove the Democratic claims that Obamacare would create hundreds of thousands of jobs “almost immediately” after passage. Indeed, the corporate losses incurred already from Obamacare appear destined to reduce, not enhance, the ability of America’s companies to hire new employees.

Furthermore, AT&T’s statement that “as a result of the legislation, the company said it will be evaluating prospective changes to the health care benefits it offers” also disproves the oft-repeated Obama misrepresentation that “if you like your plan, you can keep your plan” after the passage of Obamacare. The tens of thousands of employees of AT&T are learning the hard way that sometimes Americans cannot trust the rhetorical claims of politicians about the policies they pursue.

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51% of Americans Think America Less Respected Now than in 2008

Monday, March 8th, 2010

Senior Democratic Strategist James Carville released a poll today that shows 51% of Americans think America is less respected now than two years ago in 2008; 41% disagree

James Carville, senior Democratic pollster and strategist, released a new poll today from his Democracy Corp polling outfit with results generally in line with other pollsters, showing Obama’s approval at 49% while finding a 3 point edge for the GOP in the 2010 elections amongst likely voters. However, one finding stands out: Over half of all Americans believe that America is less respected by the world than two years ago in 2008.

The Democratic polling firm’s release states that “a 51 to 41 percent majority says the U.S. is less respected in the world than two years ago. This is surprising, given the global acclaim – and Nobel peace prize – that flowed to the new president after he took office.” This finding is particularly newsworthy because of the massive focus of the Obama Administration in their first 14 months on improving the image of the United States on the world stage. The Washington Times reports:

A majority of Americans say the United States is less respected in the world than it was two years ago and think President Obama and other Democrats fall short of Republicans on the issue of national security, a new poll finds.

The Democracy Corps-Third Way survey released Monday finds that by a 10-point margin — 51 percent to 41 percent — Americans think the standing of the U.S. dropped during the first 13 months of Mr. Obama’s presidency.

Another finding of the Democracy Corps survey involves the overall handling of national security matters – a large gap has reemerged in the public’s mind, strongly favoring GOP handling of national security issues over Democrat:

While ratings for the president may be softening, his party is facing an even more troubling trend. When the questions move beyond the president to Democrats generally, we see that the public once again has real and rising doubts about the Democrats’ handling of national security issues, as compared to their faith in Republicans. This security gap, which has roots stretching back to Vietnam, was as wide as 29 points earlier in the decade. The deficit began to close in 2006, with the Bush administration’s catastrophic mismanagement of Iraq and other national security challenges. As public hopes about the Obama presidency rose and peaked, the gap all but vanished. Last May, Democracy Corps found Democrats essentially tied with Republicans (41 to 43 percent) on the question of which party would do a better job on national security.

But now the gap shows signs of re-opening, with Democrats trailing by 17 points, 33 to 50 percent on which party likely voters think would do the better job on national security. The erosion since May is especially strong among women, and among independents, who now favor Republicans on this question by a 56 to 20 percent margin.

While unpopular upon leaving office in January 2009, 51% of Americans now believe America was more respected in Bush's final full year of 2008 than now

It appears the so-called “security gap” is reasserting itself, as the public now prefers GOP handling of national security issues by a 17 point margin, 50%/33%, with independents going GOP by a whopping 36 point margin. While Obama’s personal ratings on national security are hovering around 50%, as noted by Democracy Corps, this new security gap may be a sign of trouble for Democrats leading into the 2010 election season.  The security gap, combined with the 51% of Americans who feel America is less respected now than in 2008, could be seen as polling evidence that the “Miss Me Yet” movement regarding George W. Bush has significant backing in security matters.

UPDATE: Hotair notes that Obama is also losing the public on the interrogation and prosecution policies regarding terrorists debate:

Fifty-seven percent of likely voters approve of Obama’s handling of national security—ten points higher than his general 47 percent approval rating, according to a new Democracy Corps/GQR/Third Way poll out Monday.

Where Obama loses: interrogation and prosecution of terrorism suspects, where a 51-44 percent majority disapproves. Republicans have hammered the administration for its decision to read the alleged Christmas Day bomber his Miranda rights, and the poll results show the message is sticking…

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UPDATED: Dem Darkhorse D’Ippolito Races to secure 4500 Signatures by Tomorrow’s Noon Deadline; Next 19 Hours Could Determine Control of Senate in 2011; Link to Indiana Form for Signatures Added

Monday, February 15th, 2010

Darkhorse liberal Democratic Candidate Tamyra D'Ippolito

Democratic Senator Evan Bayh’s shocking retirement announcement has unleashed some frantic maneuvering in both DC and Indiana, as tomorrow’s noon deadline looms for any candidates wishing to compete in the Democratic Senatorial primary race. As of Bayh’s withdrawal announcement today, there are no candidates qualified for the primary race. It appears at this hour that the establishment Democrats, such as Indiana Dem. Reps. Baron Hill and Brad Ellsworth, are not attempting to meet tomorrow’s deadline for the primary. Instead, Indiana Democrats hope to appoint a Senate nominee in a caucus process, bypassing primary voting by the people of Indiana. However, those well laid Democratic plans may be disrupted by a darkhorse candidate, liberal Democrat Tamyra D’Ippolito, a local restaurant owner. Politico’s Jonathan Martin explains the facts on the ground as of this afternoon:

A Bloomington, Ind., restaurant owner who had been running an obscure and uphill challenge against Sen. Evan Bayh for the Democratic nomination claimed Monday that she’s just 1,000 signatures short of qualifying for the ballot.

In an interview with POLITICO, Tamyra D’Ippolito said that after news broke Monday morning that Bayh was retiring, her campaign contacted Democratic officials in Indiana to request they help her get the needed signatures by noon Tuesday — when they must be verified by the state’s 92 country registrars.

It would be something close to a nightmare scenario for Democrats: were D’Ippolito to qualify for the ballot, she would be the likely nominee and the party would be left to face the GOP with a political neophyte who said she is running in part to take on a party establishment she said practices “sexism with a big S.”

It’s precisely what Bayh had hoped to avoid. By disclosing his retirement one day before the filing deadline, the idea was that no Democrat would qualify for the primary ballot and the party’s state central committee could tap their favored candidate.

It was not possible to verify D’Ippolito’s claim about how many signatures she’s collected. To qualify for the statewide ballot in Indiana, candidates need 500 verified voter signatures from each of the state’s nine congressional districts.

But in the mad scramble following Bayh’s surprise decision, worried Democrats in Washington and Indianapolis were taking the prospect seriously.

“This would be a complete and unmitigated disaster,” said a leading Democrat in the state. “We’d be up shit’s creek.”

Should the longshot candidacy of Tamyra D’Ippolito gain entry into the Democratic Senatorial primary, set for May 4, 2010, Indiana Democrats will have two choices: they can attempt to somehow disqualify Ms. D’Ippolito, perhaps attacking the validity of her possible 4500 signatures, or they can get behind the strongly liberal D’Ippolito for the general election. As noted by Martin above, D’Ippolito’s campaign claims it is only 1000 signatures away from the 4500 required and that they have requested assistance from the Indiana Democratic Party – no word yet on whether such assistance is forthcoming.

Indeed, should D’Ippolito submit 4500 signatures by noon tomorrow, it may be that the Democrats will be stuck with D’Ippolito whether attempts are made to invalidate some signatures or not. If D’Ippolito can compile the required 4500 signatures, and they are “verified by the state’s 92 country registrars,” the race for the Indiana Senate seat will become a strong lean Republican for November 2010 as Indiana remains a conservative state that is unlikely to elect a strong liberal like D’Ippolito, who’s candidacy had previously been animated by opposition to Bayh’s attempts to moderate the Democratic health care reform bill. Looking at Rasmussen’s last Indiana poll, which had Bayh leading former GOP House Rep. Hostettler by 3 points, the Democratic health care reform bill is extraordinarily unpopular in Indiana, disapproved by a 23 point margin:

As in many other states, there is a strong correlation between support for the congressional health care plan and voting behavior. Just 37% of Indiana voters favor the plan, while 60% oppose it. Those figures are similar to the national average and include 16% who Strongly Favor the plan and 48% who are Strongly Opposed.

Those who Strongly Favor the plan overwhelmingly prefer Bayh. Among those who are Strongly Opposed, 80% say they’d vote for Pence, 70% for Hostettler and 56% for Stutzman. In Stutzman’s case, 17% of those who Strongly Oppose the plan would vote for Bayh, and 26% are either not sure or would prefer a third option.

In 2008, Barack Obama narrowly carried Indiana with 50% of the vote. However, just 43% of Hoosier voters currently approve of the way Obama is performing his role as president. That decline is consistent with the national trend as measured in the Rasmussen Reports daily Presidential Tracking Poll. Fifty-six percent (56%) of Indiana voters now disapprove of the president’s performance. The current figures include 16% who Strongly Approve and 48% who Strongly Disapprove.

In the face of such extraordinary opposition to the Democratic health care reform bills in Indiana, it appears highly unlikely that a Democratic candidate like D’Ippolito, who is in favor of more far-reaching, government-centric reform than is presently on the table in Washington, will have any chance of winning the Indiana Senate seat in November 2010. Accordingly, the next 19 hours could determine who controls the United States Senate in the 112th Congress after the 2010 Election. Larry Sabato, an esteemed non-partisan political analyst, predicts now that GOP wins in 7 or perhaps 8 seats. Should Indiana move to a easy pickup for the GOP in the coming months, as it will if D’Ippolito gets on the ballot, the chances of a 9 seat pickup for the GOP improves substantially. As the split is presently 59/41, a 9 seat pickup would create a 50/50 split, making Joe Lieberman the potential kingmaker in the 112th Congress Senate chamber, while also putting a premium and likely more national money on longshot GOP bids in Maryland, Wisconsin, New York and Washington.

For now, Martin reports that D’Ippolito is trying to capture the insurgent, outsider energy by attacking the “stonewalling” by the Indiana Democratic Party regarding her signature efforts while activists from the left and right are pushing her candidacy strongly:

D’Ippolito said she was working diligently to get the needed signatures but was still lagging, especially in the 8th District which is in the southwest corner of the state.

She said she wasn’t certain she’d qualify because, as she put it, Bayh-backing Democratic officials “have been stonewalling us for four months.”

A DSCC official conceded that after the Bayh shocker they were still trying to determine who exactly D’Ippolito was and whether she could qualify.

“I’m told it’s unlikely she gets this done,” said the official, more hopeful than confident.

Conservative and liberal activists, with varying motives, also began to rally around D’Ippolito Monday.

The liberal blog Firedoglake offered a friendly write-up and a link to her petitions.

And conservatives saw it as an opportunity to wreak havoc among their foes.

“This could be fun,” wrote RedState blogger Erick Erickson. “Those of you in Indiana should go out of your way to help Tamyra get the signatures he needs by tomorrow at noon.”

For any readers interested in signing potential Democratic Senatorial candidate D’Ippolito’s petition to gain access to the primary, your best bet is to stop by her restaurant tonight, according to her Facebook page:

People are welcome to come in and sign tonight at Ragazzi’s. I have plenty of petitions. Just call me first because I am in and out. 323-9005. Have customers at 6:30 pm but not sure they will make it today in with the snow.

UPDATE: As pointed out by Ace (thanks for the link), any Indiana resident who wants to support Ms. D’Ippolito’s quest to qualify for placement on the May 2010 Democratic Senate primary ballot, please see this link, which will take you to a form which you can fill out and drop off at your local registrar’s by the noon deadline tomorrow.

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