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The Alchemists

April 1, 2013 at 9:10 am EDT By Taegan Goddard Leave a Comment

Out this week: The Alchemists: Three Central Bankers and a World on Fire by Neil Irwin.

“When the first fissures became visible to the naked eye in August 2007, suddenly the most powerful men in the world were three men who were never elected to public office. They were the leaders of the world’s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Over the next five years, they and their fellow central bankers deployed trillions of dollars, pounds and euros to contain the waves of panic that threatened to bring down the global financial system, moving on a scale and with a speed that had no precedent.”

Sanford Likely to Survive Runoff

April 1, 2013 at 8:54 am EDT By Taegan Goddard Leave a Comment

Politico: “Voters here have heard all the reasons to keep former Gov. Mark Sanford retired from politics. He’s damaged goods. He risks handing a safe Republican congressional seat to the sister of liberal comedian Stephen Colbert. The 1st Congressional District needs a conservative who lives the talk instead of issuing apologies.”

“Yet, Sanford appears to be on the cusp of clinching the Republican nomination Tuesday for the right to take on Democrat Elizabeth Colbert Busch in a May 7 special election that’s sure to become a national spectacle.”

The State profiles Elizabeth Colbert Busch.

How Democrats Pushed Judd Out of the Senate Race

April 1, 2013 at 7:01 am EDT By Taegan Goddard Leave a Comment

Ashley Judd adviser Jonathan Miller writes in the Daily Beast about how a small coterie of Kentucky Democrats “duped the national press and helped nudge her out of the Senate race.”


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Healthcare Hurts GOP Outreach to Latinos

April 1, 2013 at 7:00 am EDT By Taegan Goddard Leave a Comment

“As Republican leaders try to woo Latino voters with a new openness to legal status for the nation’s illegal immigrants, the party remains at odds with America’s fastest-growing ethnic community on another key issue: healthcare,” the Los Angeles Times reports.

“Latinos, who have the lowest rates of health coverage in the country, are among the strongest backers of President Obama’s healthcare law… Yet congressional Republicans continue to make repeal of the 2010 Affordable Care Act a top agenda item and have renewed calls for deep cuts in health programs such as Medicaid, which are very popular with Latinos.”

How Hard Will Reid Push Gun Control?

April 1, 2013 at 6:53 am EDT By Taegan Goddard Leave a Comment

Senate Majority Leader Harry Reid’s (D-NV) “evolution from a proponent of gun rights to the shepherd of legislation that would expand background checks, among other gun control measures, emerges from a complex web of political calculations that have come to define his leadership style over the last decade,” the New York Times reports.

“How tenacious Mr. Reid is willing to be — and whether he will extract votes one by one as he has for other big pieces of legislation — may well determine the fate of the measures.”

Top Critique of GOP is Unwillingness to Compromise

April 1, 2013 at 6:24 am EDT By Taegan Goddard Leave a Comment

A new Gallup Poll finds rank-and-file Republicans, independents, and Democrats voice the same primary criticism of the GOP: it is “too inflexible” or “unwilling to compromise.”

When asked to say what they most dislike about the Republican Party, 26% of Republicans, 17% of independents, and 22% of Democrats offer this critique — leading all other mentions.

Clinton to Give Her First Paid Speech

April 1, 2013 at 6:22 am EDT By Taegan Goddard Leave a Comment

Former Secretary of State Hillary Clinton will deliver her first paid speech since leaving office last month in late April, CNN reports.

“Shortly after leaving her State Department post, Clinton signed on with the Harry Walker Agency as her representative for speaking engagements. She is expected to be a highly sought speaker who could earn in the six-figure range per appearance.”

Cuccinelli Did Not Disclose Stock Holdings

March 31, 2013 at 9:33 pm EDT By Taegan Goddard Leave a Comment

Virginia Attorney General Ken Cuccinelli (R) “failed to disclose for nearly a year that he had substantial stock holdings in a company, even though disclosure is required by law and his office was defending the state in a tax lawsuit filed by the company,” the Washington Post reports.

“Cuccinelli, the presumptive Republican nominee for governor, said through a campaign consultant that the attorney general did not disclose his interest in Star Scientific because he didn’t realize that his holdings exceeded $10,000, the threshold for disclosure under state law.”

Donor Picked Up Tab for Wedding of Governor’s Daughter

March 31, 2013 at 7:39 pm EDT By Taegan Goddard Leave a Comment

A political donor paid for the $15,000 wedding reception for the daughter of Virginia Gov. Robert McDonnell (R) and his wife, Maureen, attended by about 200 guests at the governor’s mansion, the Washington Post reports.

The gift from Jonnie R. Williams Sr., the chief executive of a company that has made major contributions to McDonnell’s campaigns and that is the subject of a federal securities investigation, was not disclosed by McDonnell.

It’s “just one element of the McDonnells’ close relationship with Williams and his company, a relationship that has included rides on Williams’s corporate jet, personal gifts to the first family and efforts by the governor and his wife to promote the company.”

Quote of the Day

March 31, 2013 at 3:10 pm EDT By Taegan Goddard Leave a Comment

“I don’t think you would ever see the Republican Party platform saying we are in favor of same-sex marriage.”

— Former RNC Chair Ed Gillespie, in an interview on Fox News Sunday.

Minister Blasts the Religious Right at Easter Service

March 31, 2013 at 3:03 pm EDT By Taegan Goddard Leave a Comment

“With President Obama and his family in the pews for Easter Sunday worship, the Rev. Luis Leon at St. John’s Episcopal Church in Washington’s Lafayette Square took the opportunity to take a shot at political conservatives, arguing from the pulpit that some conservative positions are holding people back,” the Washington Post reports.

Said Leon: “It drives me crazy when the captains of the religious right are always calling us back … for blacks to be back in the back of the bus … for women to be back in the kitchen … for immigrants to be back on their side of the border.”

Why John Roberts Was Wrong About Healthcare

March 31, 2013 at 10:00 am EDT By Taegan Goddard Leave a Comment

Coming this summer: Why John Roberts Was Wrong About Healthcare by Sen. Mike Lee (R-UT).

Lincoln’s Secret Message

March 31, 2013 at 8:44 am EDT By Taegan Goddard Leave a Comment

Retronaut: President Abraham Lincoln unknowingly carried a secret message in his pocket watch.

Conservatives Need to Take Obama Seriously

March 31, 2013 at 3:00 am EDT By Taegan Goddard Leave a Comment

John Podhoretz: “Barack Obama is a serious man. Yes, he likes to golf, and yes, he ran a campaign with cutesy Facebook pictures and seemingly inane Flash slideshows like ‘Life of Julia.’ No, he does not seem interested in the mechanics of legislation, nor does he seem adept at negotiation. But the weird condescension his opponents display toward him is ludicrously wrongheaded. They seem eager to believe he is a lightweight, and he is not. Obama is very possibly a world-historical political figure, and until those who oppose him come to grips with this fact, they will get him wrong every time.”

Clinton Has Donors and Rivals Frozen in Place

March 31, 2013 at 2:00 am EDT By Taegan Goddard Leave a Comment

New York Times: “Hillary Clinton left the State Department nearly two months ago, but she still needs a staff to keep up with the considerable business of being Hillary Clinton. A half-dozen people now work for the former secretary of state and Democratic presidential candidate in a tiny corporate space on Connecticut Avenue in Washington, in what is called her ‘transition office.'”

“Transition to what, Mrs. Clinton and her aides have not yet said. But the question hovers over her every move and has frozen in place the very early — but for some potential candidates, very important — presidential maneuvering on the Democratic side.”

Waiting for Another Bubble to Burst

March 31, 2013 at 1:00 am EDT By Taegan Goddard Leave a Comment

David Stockman: “Over the last 13 years, the stock market has twice crashed and touched off a recession: American households lost $5 trillion in the 2000 dot-com bust and more than $7 trillion in the 2007 housing crash. Sooner or later — within a few years, I predict — this latest Wall Street bubble, inflated by an egregious flood of phony money from the Federal Reserve rather than real economic gains, will explode, too.”

An Insider’s History of the Senate

March 30, 2013 at 10:10 pm EDT By Taegan Goddard Leave a Comment

This looks interesting: The American Senate: An Insider’s History by Neil MacNeil and Richard A. Baker.

Screaming Judge Is Ousted

March 30, 2013 at 9:54 pm EDT By Taegan Goddard Leave a Comment

A West Virginia judge caught on video screaming furiously at litigants has been removed from the bench for the duration of his term, National Law Journal reports.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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