Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.


It’s Unanimous! GOP Says No To Unemployment Benefits, Yes To Tax Cuts For The Rich

“For weeks, Senate Republicans have filibustered an extension of unemployment benefits on the grounds that Democrats aren’t willing to cut spending or raise taxes to pay for them. At the same time, the Bush tax cuts are set to expire, and Republicans want them to be renewed. For two days, Senate Minority Whip Jon Kyl has raised eyebrows by insisting that emergency aid to unemployed people — what he called a “necessary evil” — be paid for through either tax hikes or spending cuts, while the tax cuts (which mostly benefit wealthy people) not be offset in any way. Yesterday claimed that this view is shared by “most of the people in my party.””

Republicans To Unemployed: Why Won’t You All Just Get Some Jobs Already?

“Jim Bunning and Tom Coburn blocked the extension of unemployment benefits. Jon Kyl called supporting the unemployed a “necessary evil.” There’s even been talk from one Republican that Congress is creating a nation of “hobos.” So here’s TPM’s round-up of Republicans hating on the jobless for…well, for being jobless.”

Rove urges Hannity to run for presidency: ‘If you ran, I might well’ run your campaign.

“Fox News host Sean Hannity brought Bush White House advisor Karl Rove on his show last night to discuss the upcoming elections and speculate about who might challenge President Obama in 2012. After Hannity suggested that Rove was considering a bid, Rove countered that Hannity should be the one running, because America needs to be “Hannitized.” “

Obama aides say stimulus saved millions of jobs

“Aides to U.S. President Barack Obama will aim on Wednesday to lift sagging confidence in their economic leadership by arguing that their policies are creating millions of jobs and spurring private investment.

A report to be released at 11 a.m. EDT (1500 GMT) will estimate that Obama’s $862 billion economic stimulus package, which passed last year, has saved or created 3 million jobs and is on track to meet its goal of 3.5 million jobs by the end of this year. The analysis from the White House Council of Economic Advisers will say that government funding of clean energy, economic development, construction projects and other initiatives is spurring “co-investment” by private-sector firms, according to a U.S. official who previewed the report.”

Reemployment Bonuses and the Long-Term Unemployed

“We’re going to need a lot more examination of government programs to help the long-term unemployed in the years to come. At The Wall Street Journal, Phil Izzo has a short piece on an academic study of such programs, suggesting that a stick can be more effective than a carrot.”
From the Atlantic

Four in Five Americans See FinReg as Ineffectual

“Bloomberg polls the masses, and finds that they do not think much of the Dodd-Frank Wall Street reform bill. Some headline numbers:

Nearly four in five say “they have just a little or no confidence that the measure … will prevent or significantly soften a future crisis.”
Three in four say “they don’t have much or any confidence the proposal will make their savings and financial assets more secure.”
About half say the bill “will do more to protect the financial industry than consumers.”
And, to top it all off, a quote from the area man: “Banks and the government are making out, not the ordinary person. … We’re going to have another crisis and worse.” That said, more and more respondents say they support tougher regulations, and three out of four support stronger measures to keep banks in check. Republicans, as well as Democrats, are for stronger oversight.”

McConnell: Bush Tax Cuts Paid for Themselves

“Tax cuts do not pay for themselves. Every dollar of tax cuts by making the Bush cuts permanent stimulates an additional 30 cents or so of economic activity. Unemployment insurance does not pay for itself, but it comes much closer. Every dollar of unemployment benefits stimulates around $1.60 of economic activity. Moreover, no economist on earth would say that tax cuts do not need to be offset, but spending increases do; in terms of the budgetary bottom line, there is no difference.”(Graph included in linked story)

Obama to give back-to-school speech again

“For the second year in a row President Barack Obama will address American schoolchildren with a back-to-school speech, the White House confirmed Tuesday. Last year’s speech created an uproar. Before Obama addressed students Sept. 8, some parents said a White House video broadcast to youngsters amounted to propaganda.”

Philip Morris Said to Benefit from Child Labor

“A new report says child labor is widespread on farms that supply the company’s cigarette factory in Kazakhstan.”

Political Rifts Reappear in Northern Ireland Riots

“The riots occurred during the Orange Order’s annual marches, which celebrate a 1690 victory that secured British dominion in Ireland for more than 200 years.”

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