Diary

MI Morning Update 11-6-2008

725 DAYS UNTIL ELECTION DAY

November 6, 2008

MORNING UPDATE:

THANKS AGAIN…thanks again to all of you who so tirelessly worked on behalf of our candidates and the party this cycle. There are some very interesting analysis and discussions going around about what happened and where we go from here.
I look forward to continuing to work with you as we rebuild our Republican Party.

CLOSING DOWN…our staff will be busy for the rest of the week closing down all our Victory Centers and Call Centers statewide. We’re collecting old lawnsigns and saving the wires for future campaigns and making sure we “box” our equipment to be available for our next effort.

NOTES & EMAILS…I do want to personally thank all of you who have sent me so many kind notes and emails. The Michigan Republican team is one of the best and ALL of you should be proud of the effort you put in on behalf of our candidates.
Keep the faith.

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TODAY’S TOP STORIES

The following stories and more are available at my Articles of Interest online.

After Working Hard to Elect Democrat, Unions Expect Help on Their Agenda

By KRIS MAHER

Organized labor sees a historic opportunity with Tuesday’s election and is counting on the incoming Obama administration to back its agenda in what promises to be a landmark battle with business.

At the top of labor’s wish list is passage of the Employee Free Choice Act, which would make it harder for companies to fight union-organizing drives. "It is the most important issue that we have," said John Sweeney, president of the AFL-CIO.

President-elect Barack Obama has promised to fight for the legislation, but whether it is introduced in the first 100 days of his administration could signal how strongly he is aligning himself with the progressive wing of the Democratic Party, say political consultants. Moderate Democrats and those who have just won seats in traditionally Republican states are expected to argue against making the legislation an early priority.

The Do-It-Yourself Tax Hike

By STEPHEN MOORE

On multiple occasions, Barack Obama has declared that it is fair and even virtuous for "people who have done well like me" to pay higher income taxes. Then why didn’t he?

My colleague Kim Strassel has reported on a voluntary federal fund for liberals who want to contribute more taxes than they owe — but, alas, almost none do. The annual collections are less than 0.1% of all tax collections. As Ryan Ellis of the American Shareholders Association asks: "What’s the difference between Obama and the big corporations who ‘cheat’ the government by taking advantage of what the tax code affords them?"

Mr. Ellis’s group has reviewed Mr. Obama’s tax returns for the past eight years. The Illinois Senator has dutifully paid his taxes in full. But in no year did Mr. Obama make extra tax payments to help reduce the deficit or fund all the spending programs he favors. If Mr. Obama’s tax plan had been in place over the past 12 years, he would have had to pay $250,727 more in federal taxes over this period.

Automakers hope Obama will spur financial boost

Detroit-area automakers and their allies in Congress said Wednesday that Barack Obama’s victory could help the companies line up federal funding to survive an economic slump.

Obama said during his campaign he understood the automakers’ problems and would work to preserve the industry, said U.S. Sen. Carl Levin, D-Detroit.

"I’m very optimistic that we’re going to have a fighter in the White House for manufacturers, and that’s what we need," Levin said.

A local union leader also said he hopes the Obama administration will bring help to the ailing auto industry and strengthen unions.


Obama and Preferences

Tuesday was a bad day for America’s racial grievance industry: Not only did Barack Obama become President-elect, but voters continued to show their mistrust for racial quotas and set-asides.

While Mr. Obama was winning 43% of the white vote nationally — John Kerry won 41% in 2004 — voters in Nebraska and Colorado were also weighing a ballot initiative that would eliminate race and gender preferences in government hiring. The measure passed easily in Nebraska, and similar bans have already passed in Michigan, California and Washington state.

Returns in Colorado were still too close to call as we went to press, but opponents of the ban were ahead slightly, 50% to 49%, with 91% of precincts counted. Even if the measure fails, however, it will have done better than John McCain by several percentage points in a state he lost, 53% to 46%. We trust that sponsor Ward Connerly will keep taking his efforts to other states.


Obama picks Emanuel as top aide

S.A. Miller and Sean Lengell, THE WASHINGTON TIMES

President-elect Barack Obama on Wednesday tapped for his chief of staff Rep. Rahm Emanuel, architect of the Democrats’ congressional gains in the past two elections, as the party’s House leaders vowed to use their total control of Washington to enact an agenda long stymied by Republicans and President Bush.

But the day after his historic election as the country’s first black president, Mr. Obama awoke to a world in which Russian President Dmitry Medvedev threatened to deploy short-range missiles aimed at Eastern Europe and the Dow Jones Industrial Average plummeted 486 points.

The turmoil in international relations and in the stock market underscored the grave challenges ahead for Mr. Obama, who will enter the Oval Office already embroiled in two wars and a global economic meltdown.

U.S. Stocks Post Biggest Post-Election Drop on Economic Concern

By Elizabeth Stanton

Nov. 5 (Bloomberg) — The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

Citigroup Inc. tumbled 14 percent and Bank of America Corp. lost 11 percent as the Standard & Poor’s 500 Index and Dow Jones Industrial Average sank more than 5 percent. Nucor Corp., the largest U.S.-based steel producer, slid 10 percent after bigger rival ArcelorMittal doubled production cuts amid slowing demand. Boeing Co., the world’s second-largest commercial planemaker, lost 6.9 percent after UBS AG forecast a 3 percent drop in global air traffic next year.

“We had an election yesterday; that doesn’t mean the problems go away,” said Kevin Rendino, a Plainsboro, New Jersey- based money manager at BlackRock Inc. who oversees $10 billion. “We still have an economic slowdown.”

President Dmitri Medvedev orders missiles deployed in Europe as world hails Obama

Tony Halpin in Moscow

President Medvedev ordered missiles to be stationed up against Nato’s borders yesterday to counter American plans to build a missile defence shield.

Speaking within hours of Barack Obama’s election, Mr Medvedev announced that Russia would base Iskander missiles in its Baltic exclave of Kaliningrad – the former German city – next to the border with Poland.

He did not say whether the short-range missiles would carry nuclear warheads.

Taking advantage of the world’s attention on the US elections, Mr Medvedev also cancelled plans to withdraw three intercontinental ballistic missile regiments from western Russia by 2010.

Anxious Big Three might need something to happen sooner than later

As Detroit’s automotive lobby readies its full-court press on President-elect Barack Obama, it should deliver a simple message — something’s got to give.

Here we have a trio of beleaguered automakers and their equally beleaguered union, the United Auto Workers, assembling abysmal sales figures and even worse financial results to make the case that Washington must help them out of their deepening hole because the threat of not doing so would be even worse. Their newest weapon is a report from the Ann Arbor-based Center for Automotive Research, released Wednesday, which predicts a nationwide industrial cataclysm if the feds don’t act.

"Should all of the Detroit Three’s U.S. operations cease in 2009, the first year total employment impact would be a loss of nearly 3 million jobs in the U.S. economy," the report says. "In economic terms, the rapid termination … would reduce U.S. personal income by over $150.7 billion in the first year, and generate a total loss of $398.2 billion over the course of three years." Lost tax revenue between 2009 and 2011 would be an estimated $156.4 billion.

Dismal auto report could force government’s hand

BY JUSTIN HYDE, KATIE MERX and KATHLEEN GRAY

WASHINGTON — The chief executives of the Detroit’s automakers and the UAW president are to meet with House Speaker Nancy Pelosi today to discuss the possibility of a second $25-billion loan to the companies, as General Motors Corp. prepares to report financial results Friday that will sound new alarms about the industry’s need for aid.

The meeting among Pelosi and industry leaders likely will pave the way for Congress to include new loans and perhaps other aid in a new economic stimulus plan, but that could be delayed by political maneuvering until after the inauguration of Democratic President-elect Barack Obama on Jan. 21.

As the automakers hailed Obama on Wednesday, they also resumed calls for fast and substantial economic help that could save thousands of jobs.


Republicans hold on to what is sacred

Edward Bernard Glick

Even though Sen. John McCain lost his bid to be our 44th president, almost half of America’s voters voted for him and for other Republicans. Why did so many "common people" — as Teresa Heinz Kerry called them during the 2004 election — vote for the party that according to the Democrats does not represent their interests? First of all, most Americans are religious. They believe in God. Twenty percent of Christians in the United States say they talk to Jesus every day. America’s Orthodox Jews and observant Muslims also pray and talk to the Almighty daily. They all believe that the contemporary Democratic Party, dominated by its secular left, disrespects the God-believing, the God-beseeching and the God-fearing.

Second, while they may not know who the Nobel Laureate Milton Friedman was, they do understand basic economics. They instinctively know that they owe their jobs and their living standards not to government and to socialism, but to capitalism and to profit-making businesses. They realize that while government may tax wealth, and use the money it gets to pay for public employees and public programs, government does not create wealth. Wealth is created only by and in the private sector.

The environment is a third area in which the common people differ from the elites. They may not have read Charles Darwin’s Origin of Species. But they accept his thesis that old species perish constantly and that new ones emerge to take their place. So why, they wonder, are we spending millions of taxpayer dollars to save the Northern spotted owl and the snail darter sucker fish? Like their wealthy brethren, the less-than-wealthy do not want to see America’s old-growth forests cut down. But neither do they want government restrictions on logging other trees, which they view as a renewable commodity and a source of good-paying jobs.