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Economy

GOP, NBC Agree: Obama Wants To Wage ‘Class Warfare’

Battered by growing scrutiny over how he acquired his massive wealth, Republican presidential candidate Mitt Romney fed concerns of South Carolina’s Republican primary voters when he refused to immediately release his tax returns. Instead, Romney accused President Barack Obama and his Republican opponents of engaging in “class warfare” and attacks against “success.”

The “class warfare” accusation has become so commonplace among the Republican field that now NBC’s David Gregory, the host of Meet the Press, believes that President Obama “wants to play” the “class warfare argument,” as this ThinkProgress compilation shows:

GREGORY: Can you have a Republican nominee who can play into the class warfare argument that the president wants to play in general?

ROMNEY: Our president has divided the nation, engaged in class warfare and attacked a free enterprise system that has made America the economic envy of the world. We cannot defeat that president with a candidate who has joined in that very assault on free enterprise. When my opponents attack success and free enterprise, they’re not only attacking me, they’re attacking every person who dreams of a better future, he’s attacking you.

GINGRICH: We are for helping the people who want to create jobs. He wants to wage class warfare against the people who create jobs.

CAIN: I don’t think he needs to release his tax returns and here is why: it gives liberals another arguing point for class warfare. Class warfare divides this country, just like when they bring up the race card, it divides us.

Watch it:

As former candidate and Romney endorser Herman Cain succinctly described, Republicans don’t want Americans to know the facts about Mitt Romney’s extraordinary wealth, because then this country might think about the growing economic class divide in the nation. The U.S. has a higher level of income inequality than Europe, Canada, Australia, or South Korea. Multi-millionaires like Romney and billionaires like the funders of the SuperPACs dominating this campaign season have been getting lower tax rates even as their wealth grows.

Climate Progress

An Illustrated Guide to Climate Change in 2011

A few simple and clear pictures (and links) showing how the planet continued to warm and change around us in 2011

by Peter Gleick, water and climate scientist, in a Forbes repost

These facts are just part of why all national academies of science on the planet and every major geophysical scientific society agree that humans are fundamentally changing the climate.

CO2 in the atmosphere continues its inexorable rise

The heart of the climate problem is that our burning of fossil fuels along with other human activities have thrown the atmospheric levels of greenhouse gases out of balance, and their concentration in the atmosphere is growing faster and faster. This classic record from Mauna Loa in Hawai’i shows the growth in the CO2 concentration in the past half century. But it’s worse than that: CO2 concentrations in our atmosphere are now higher than at any time in the past million years, and perhaps higher than in the past 15 million years.

The concentration of carbon dioxide is higher today than in a million years.
Higher concentrations of greenhouse gases leads to a hotter planet

As CO2 (and other heat-trapping gas) concentrations have risen, so have planetary temperatures, just as basic physics and models predict. Here are the land and ocean surface temperatures for the past 130 years as measured by scientists at NASA (first figure) and NOAA/NCDC (second figure), confirmed by independent scientists internationally. While temperatures go up and down, the long-term trend is indisputably up. 2011 was the 35th consecutive year since 1976 that the yearly global temperature was above average. La Niña cooled the global average temperature in 2011 by quite a bit, but it was still abnormally hot. Indeed, 2011 was the hottest “La Niña” year ever recorded.

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Politics

Gingrich Falsely Claims He Was Completely Exonerated In Ethics Investigtion

The 1997 House ethics investigation into then-Speaker Newt Gingrich has resurfaced on the campaign trail, but Gingrich told CNN’s Candy Crowley that all information relevant to the scandal was already public. Gingrich said the $300,000 penalty he was ordered to pay by the House Ethics Committee was a reimbursement for the cost of the investigation, and that “on every single count, I was exonerated.” He added that many House Republicans to vote “yes” on the ethics charges against Gingrich in order to put it behind them more quickly, rather than because they believed he had done anything wrong. Watch Gingrich’s explanation here:

As Gingrich himself admitted later in the interview, he was not exonerated on every count. While most of the initial charges against him were dropped, he was sanctioned on one count of flouting tax laws relating to a college course he taught that received non-profit status even though it was political in nature.

And contrary to Gingrich’s claim that House Republicans voted to reprimand him simply to move on, many said at the time that they were very disturbed by Gingrich’s actions. “Newt has done some things that have embarrassed House Republicans and embarrassed the House,” said Rep. Peter Hoekstra (R-MI) at the time. “If [the voters] see more of that, they will question our judgment.” Even Rep. Lamar Smith (R-Tex.), who cast the lone dissenting vote on the ethics committee against charging Gingrich, said the Speaker made “real mistakes but they shouldn’t be hanging offenses.”

Climate Progress

Wired Pulls a Charlie Sheen on Clean Energy: Experts Easily Debunk Absurd Hit-Job on Solar and Wind Power

In 2011, global investment in renewable energy surpassed fossil fuels for the first time.  And the U.S. surged back into the lead in clean investment ahead of China by about $8 billion.

So what, other than bad journalism, explains this nonsensical headline and image from the top tech magazine Wired?

Actually, it is just bad journalism, pure and simple.  Indeed, the magazine itself clearly wanted a sensationalistic headline — and even more sensationalistic photo — to get eyeballs in this highly competitive media environment.

The story simply doesn’t justify the headline. That’s obvious from the fact that the story itself includes this summary of wind energy prospects:

Outlook: Cheaper prices for turbines should result in lower costs for wind power by 2014. Though growth has slowed since 2008, this sector is still expected to cover about a third of any increased energy consumption in the US between now and 2035.

Huh?  An energy industry that barely registered any significant U.S. capacity or generation a decade ago is now  expected to provide a third of the increased energy consumption in the next quarter century — and that’s somehow a clean-tech “bust” which warrants an exploding wind-turbine image?  Amazing (and I will repost a response to the article by a leading wind expert below).

For the record, I’m not saying the wind industry doesn’t face a near-term challenge in the face of unconventional gas and a GOP Congress unwilling to support a crucial tax credit.  Climate Progress has made clear that it does (see “Policy Uncertainty Threatens 1,600 American Wind Jobs at Vestas — and 37,000 Jobs Nationwide“).  I’m saying that there has been no bust in the industry yet, there doesn’t need to be one, and, indeed, the prospects  for the industry over the next couple of decades remain very strong, as the article itself makes clear.

I asked Eilperin about the headline and images, which I thought were completely unwarranted.  She makes clear she had nothing to do with them:

“I stand by the story, which accurately portrays some of the challenges the U.S. clean tech faces in light of the current fiscal and political climate. The piece also highlight some of the industry’s bright spots, including the fact that cheaper conventional PV panels has made the expansion of distributed solar generation and utility-scale solar projects more affordable. As many magazine readers would understand, I had no input into either the display art or the headline that accompanied the piece.”

Readers know that headlines  are the most important part of any such story, seen by  at least 10 times as many people who read it — and in the internet era, it’s likely that 20 to 100 times as many people see the headline from a  respected magazine like Wired.

Wired should retract and change the headline.

I blame the editors for this — but I don’t agree with Eilperin’s assessment of the story itself.  I think it is flawed, especially its discussion of solar energy.

The piece uses Solyndra as a stand-in for the entire US solar industry and devotes over one third of the piece to the now-bankrupt company.  But Eilperin and Wired seem completely unaware of the fact that Solyndra was always a one-of-a-kind solar play that made sense only if silicon prices stayed high.  In that sense, it was obviously part of a ”portfolio” investment strategy by DOE, a hedge against their much broader strategy, which was based on silicon prices coming down.  As Bloomberg Government made  clear in a recent analysis that received virtually no coverage in the media, “the focus on Solyndra is not proportional to its impact.”  About 87% of the DOE loan portfolio is low-risk.

You’d never know from the Wired piece that in 2010, America was a net exporter of $1.9 billion in solar products.   You’d never know that the U.S. solar industry grew 100% in 2010 and another 100% in 2011, making  it perhaps the “fastest growing” industry in America.

How does Wired make the case that the solar industry is a bust when there are ”over 100,000 Americans are working in the solar Industry.”

Promise:  … In 2010, the solar industry predicted that as many as 500,000 people would be directly or indirectly employed in the US solar sector by 2016.

Reality: As we head into 2012, the number is more like 100,000. Prices for conventional solar cells have fallen 40 percent in the past year, due largely to a flood of panels from Chinese manufacturers, which have benefited from plunging silicon prices and government support. The price drop has eviscerated the US solar manufacturing industry.

Seriously.  Apparently because there is one solar study that said we would have 500,000 jobs 4 years from now, the super-fast growing industry with 100,000 jobs is a bust.  For the record:

  • It is a 2011 study .
  • The 500,000 number assumes a 5-year extension of the crucial Treasury Grant Program.
  • The 500,000 number is based on direct, indirect and induced jobs. Induced jobs roughly double the total!

Yet Wired still had the chutzpah  to use this image as its depiction of this staggeringly successful American industry:

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Economy

Mitt Romney Says He Won’t Release More Than Two Years Of Tax Returns Because of ‘The Internet’

Today on Fox News Sunday, Mitt Romney said he would release his 2010 tax return (along with an estimate of his 2011 taxes) on Tuesday.

Fox’s Chris Wallace pressed Romney on why he would only release two years of returns when his father released twelve during his run for President. Romney said he wouldn’t release as many tax returns as his father did because that was “before the internet.” Watch it:

Romney’s answer seems to suggest that he won’t release more returns because, in the internet age, they will be subject to increased scrutiny. Two days ago, Romney said he would not release his tax returns until April because he didn’t want to give “a nice little present” to the Democrats.

In late December, Romney said he would not release any tax returns at all.

Politics

Clyburn Says Newt Gingrich Is Using Coded Racial Language

On the campaign trail, former House Speaker Newt Gingrich has repeatedly referred to President Obama as a food stamps president. Many have claimed the comment, and others, are dog whistles for “ugly racial stereotypes” and are insulting to African Americans.

This morning, Rep. James Clyburn (D-SC), the highest-ranking African American in the House, told CNN’s Candy Crowley this morning that he would not call Newt Gingrich a racist, but said the presidential candidate has been using language that appeals to those in the GOP who “will see President Obama as different from all other presidents that we’ve had.” Crowley asked if the term “food stamps president” was a racial comment. Clyburn replied that it’s similar to other racially-coded comments that are not explicitly racist:

CROWLEY: Is that necessarily a racist comment?

CLYBURN: It’s not necessarily so, but a welfare queen being uttered by Ronald Reagan is not necessarily a comment…but people know what that means. [...] All of this carries certain connotations that people know very, very well, and I think [Gingrich] practiced that perfectly.

Watch Clyburn’s answer here:

During a debate earlier this month, Gingrich said he did not see why making food stamps a racial issue was insulting. He has said the African American community should be asking for paychecks, not food stamps, but in reality, most food stamps recipients are white. Nonetheless, he agreed to meet with black leaders yesterday to explain himself.

Alyssa

On Joe Paterno’s Passing

After a swift decline in his health, former Penn State coach Joe Paterno passed away this morning at 85. I’ll be thinking of his family, but his death is a tragedy in that it cuts short what could have been a process of education and seeking forgiveness. If Paterno had lived, and had been lucid enough to come to terms with his abdication of responsibility; if he had sought forgiveness for it and worked to help other programs become safer, more responsible and responsive organizations, he could have made a contribution to coaching far beyond his work elevating the Nittany Lions into a nationally competitive program.

Maybe he would have done none of those things had he lived, out of denial or a lack of capability. But his death forecloses an opportunity, however slight, to make recompense, and to remind the students who still saw him as a deity that there are more important things than football.

NEWS FLASH

Poll: Majority Say U.S. Needs New Campaign Finance Laws | On the heels of yesterday’s two-year anniversary of the Supreme Court’s Citizens United decision, a new Rasmussen poll finds that 58 percent of Americans say the U.S needs new campaign finance laws — a change from three years ago when more people said it would be “good” if the Supreme Court struck down existing campaign finance laws.

Climate Progress

Boehner Threatens To Hold Payroll Tax Holiday Hostage To Approval Of Keystone XL

On Fox News Sunday this morning, House Speaker John Boehner (R-OH) told Chris Wallace that “We’re going to do everything we can to make sure the Keystone Pipeline is approved.” When Wallace pressed him whether Republican leadership would make the pipeline a condition for extending the payroll tax holiday, Boehner admitted, “We may,” adding (several times) that “All options are on the table.” Watch it:

Proponents of the pipeline have dwarfed opponents in lobbying spending, inflated the actual effect it will have on job creation, and spread various myths designed to circumvent its environmental impact.

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