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September 27, 2012 1:57 PM Lunch Buffet

By Ed Kilgore

It’s my brother’s birthday today, so we just had a gut-busting southern-style breakfast and are planning a gut-busting steak dinner. I’m trying to stick to news treats between the two; here are a few:

* BLS revision adds 386k jobs to period from March 2011 to March 2012, eliminating any doubt there has been net jobs gain under Obama.

* Official estimates of second quarter GDP growth downwardly revised from 1.7% to 1.3%, attributable to impact of drought.

* If anyone was under the impression Bain Capital’s mission under Romney was to create jobs or foster innovation, new MoJo-released video from 1985 is a must-view: it’s all about “harvesting” profits.

* Gallup projects Obama’s average job approval rating in September at 49%, up from 45% in August, and 41% in September of 2011.

* At TNR, Francisco Toro warns that instability in Venezuela following October elections could effect U.S. elections.

And in non-political news:

* NFL commissioner apologizes to fans for ref replacements as union refs prepare to return.

Back in just a bit.

Ed Kilgore is a contributing writer to the Washington Monthly. He is managing editor for The Democratic Strategist and a senior fellow at the Progressive Policy Institute. Find him on Twitter: @ed_kilgore.

Comments

  • T2 on September 27, 2012 2:43 PM:

    word is out that Romney intends to "call" Obama on various lies the president uses during the Debates......should be interesting. Somehow Mitt plans on using off-stage fact checkers. Sure, this sounds hilarious given the Romney campaign has based their strategy on lying. Seems like a dubious debate tactic, huh?

  • esaud on September 27, 2012 2:47 PM:

    Mmmmmm. Biscuits. Lots of butter.

  • dweb on September 27, 2012 3:16 PM:

    Grammar police:

    At TNR, Francisco Toro warns that instability in Venezuela following October elections could effect U.S. elections.

    Instability could AFFECT U.S. elections.

    Carry on....we'll let you off this time.

  • James E. Powell on September 27, 2012 3:21 PM:

    Put yourself in the Romney war room. What are the three biggest lies or "lies" that you can throw in Obama's face during the first debate?

  • Anonymous on September 27, 2012 3:31 PM:

    "... it’s all about “harvesting” profits."

    This is the reason that I can never understand why anyone buys into the "job creator" meme or the Trickle Down economic hypothesis (it's no theory; theories are backed by evidence).

    It is not the place of businesses to care about the bigger picture. Yes, it is nice to think that business leaders are patriotic citizens who aspire to increase the properity of everyone in the nation, but it's also nice to imagine a world without murder, rape or theft. For that matter, I enjoy imagining being surrounded by beautiful women who all adore me. Pleasant wishes mean less than nothing in the real world.

    As a businessman, and a capitalist, I am aware of the simple fact that my company and our competitors exist for little more than making money. That's kind of the whole point of being in business. Yes, we donate to many charities, particularly needy and ill children; but that's honestly as much for PR as in order to do good. In my position, it is my job to maximize profits, not to wonder if my decisions are creating jobs.

    That's just the nature of business.

    But the nature of our government is that it is for, by and of the people. Our government exists to ensure the safety and stability of our fellow citizens. Our government exists to ensure that our rights are not trampled on by those who would gladly abuse us, and to champion the concept that all are created equal.

    I believe that that includes (but is not limited to) progressive taxation, necessary regulation, infrastructure creation/maintenance and help for the vulnerable among us. As well as the protection for those who suffer under bigotry, racism, sexism and hate.

    Far too many Americans are under the delusion that the government should not be involved in improving the lives of the population at all. Instead, they daydream that business and the wealthy will step up and let their profits trickle down, thus helping everyone.

    Well, that's a pipedream. And anyone who thinks that businesses—especially 'entities' like Bain Capital—are going to think about anything besides making money is, frankly, delusional.

  • Mitch on September 27, 2012 3:33 PM:

    Anonymous, above, was me.

  • Gandalf on September 27, 2012 3:44 PM:

    Anonymous@3:31 That was succint and extraordinarily to the point. And the word delusional is 100% accurate for anyone that thinks otherwise.

    I can almost live with this kinder gentler captcha.

  • Mitch on September 27, 2012 3:56 PM:

    Thanks, Gandalf!