Jay Mallin / Bloomberg via Getty Images
Jay Mallin / Bloomberg via Getty Images

Health Care Lawsuits: Why the 11th Circuit Might Matter More

The Affordable Care Act is back in court on Wednesday, with the government and a coalition of 26 states presenting arguments in an Atlanta courtroom for and against the constitutionality of the law. There are dozens of similar cases currently winding their way through federal courts, but the ruling that comes out of Atlanta could be the strongest indicator yet of whether the ACA will ultimately be allowed to stand.

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Bernanke: Sharp Spending Cuts Could Hurt the Economy

Federal Reserve Chairman Ben Bernanke spoke again on Tuesday, but you didn’t miss much. He still thinks unemployment is way too high, and he still has no plans to do anything about it. His primary message didn’t change since the last time he spoke: He’s decided to do nothing, now and for the foreseeable future.

The news from Bernanke’s speech to the International Monetary Conference in Atlanta will probably be his odd confrontation with J.P. Morgan CEO Jamie Dimon, who had the chutzpah to suggest that the Fed is making a bad economy worse by over-regulating Wall Street. (Remind me: Who collapsed the economy in the first place?) But buried beneath his Feddish verbiage, Bernanke did issue an interesting warning to Congress: Don’t make make a bad economy worse with big short-term spending cuts. He may be a Republican, but he’s no Tea Party Republican.

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Pawlenty’s Plan: Big Cuts, Big Assumptions and a Big Dodge

Tim Pawlenty took the next step towards fleshing out his presidential candidacy Tuesday morning with a speech in Chicago laying out his economic vision for the country. His timing is felicitous: Today’s Washington Post-ABC News poll shows that President Obama gets dismal marks on his handling of the economy, on which his re-election prospects may depend.

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  • Poll Data

    New Hampshire GOP voters' preferences for 2012:

    Source: CNN

Obama on the Economy

"I'm not concerned about a double-dip recession."

–President Obama, speaking at the White House on Tuesday

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Mitt Romney: Obama’s Next Energy Czar?

I suspect that Mitt Romney’s record of sane centrist achievement, along with his hilarious flip-floppery and unconvincing pose as a red-meat right-winger, will doom him in the Republican primary. But it would be a shame to waste his talents, so I’m going to start proposing possible jobs for him in the sane centrist Obama administration.

The obvious job, of course, would be health reform czar. But in New Hampshire on Friday, he showed that he might make sense as Obama’s energy czar as well, now that Carol Browner has left the White House. After trashing the president’s “awfully European” energy policy, he riffed about the need for the U.S. government to encourage European-style energy efficiency. Guess what? That’s what President Obama has been doing.

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Herman Cain: A Longshot’s Steady Rise

Once again, Herman Cain was in Iowa Monday, brimming with confidence as he pitched his presidential candidacy to voters. “This is where the vetting process really starts,” he told the crowd at a forum hosted by Iowa conservative kingmaker Bob Vander Plaats. “It’s been great.” Iowans have had plenty of chances to vet Cain, whose trip to the Hawkeye State was his 19th in the past year. And while better-known candidates are scuffling in Iowa or planning to skip it altogether, Cain’s courtship of the crucial caucus state’s conservatives is going smoothly. “At the moment, I think he’s one of the front-runners,” says Iowa Tea Party leader Ryan Rhodes. In March, Cain won a presidential straw poll in Des Moines, lapping a field that featured populist firebrands like Sarah Palin and Michele Bachmann.

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Cut Off from His Country, Another Foreign National Faces Execution in Texas

Notimex / Newscom

Two U.S. Presidents, the State Department and the Justice Department, an assortment of diplomats, military brass, and former judges all want the State of Texas to delay the scheduled July 7 execution of Humberto Leal Garcia Jr. But that may not be enough.

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Goolsbee Departs: Is the White House Giving Up on Economic Management?

President Obama’s top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday night. It’s odd timing (or maybe not) given that nearly every bit of economic data that has come out in the last two weeks has been negative. There is now a very real chance that the U.S. could fall back into recession. The housing market is crippled and prices are still falling. Consumer confidence is at levels not seen since last year, and spending (which makes up 70 percent of our economy) is lethargic. Manufacturing surveys (a good indication of future growth) are plummeting. And given last Friday’s jobs numbers – analysts had predicted 175,000 but we got 83,000, which is historically unprecedented at this stage of a recovery – it’s not at all an exaggeration to say we’re having a full blown employment crisis.

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Morning Must Reads: Update

  • Disapproval of Obama’s handling of the economy reaches new highs in a Washington Post/ABC News poll. Twice as many American now say the country is on the wrong track than on the right one. (However, support for the effort in Afghanistan ticks up.)
  • Austan Goolsbee, one of President Obama’s more effective communicators on the economy, will depart the White House.
  • Fed Chair Ben Bernanke will speak today.
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Contrite and Not Quite Defiant, Can Anthony Weiner Survive Scandal?

The first crush of the crowd was toward the accuser, not the accused. Conservative blogger Andrew Breitbart was swarmed by reporters as he entered the royal blue third-floor ballroom of the Sheraton hotel in Midtown Manhattan on Monday afternoon, just minutes before Rep. Anthony Weiner was scheduled to speak about the lewd photos he was rumored to have sent to women he met online.

It took little convincing to get Breitbart to the podium, where he railed against a perceived liberal conspiracy to cast him as the originator of the scandal, reprimanded his detractors in the media and threatened Weiner not to continue “fighting,” lest an unreleased “x-rated” photo leak out. But after Breitbart’s self-indulgent sideshow was done and the main circus event — Weiner’s tearful, televised admission to sending lewd photos and sexual communiqués to six different women over three years — was well underway, it was clear that the seven-term New York congressman had few defenders and little fight left.

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