Grassley yes, Harkin no on motion to block debt ceiling hike

Both of Iowa’s senators voted against the deal to raise the debt ceiling in early August, but only one of them voted last night to block a $500 billion debt ceiling increase, which was part of that agreement.

Earlier on September 8, Senators Tom Harkin and Chuck Grassley helped send a patent reform bill to President Barack Obama. The president and Senate Majority Leader Harry Reid have characterized patent reform as a job creation measure. Follow me after the jump for more on yesterday’s Senate votes.

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Obama jobs speech thread, with Iowa political reaction

President Barack Obama just made his case for “an American Jobs Act” in a speech to both chambers of Congress. In the usual Obama style, he offered Republicans a lot of compromises, like corporate tax cuts and a tax credit for employers. He argued for a payroll tax cut as well and called on Democrats to support “modest adjustments” to Medicare and Medicaid as well. On the spending side, Obama is seeking more funding for infrastructure, such as repairing roads and bridges and fixing “at least 35,000 schools.”

The full transcript of the president’s speech (as prepared) is after the jump. I’ve also posted some Iowa reaction, and I’ll keep this post updated as other members of Congress weigh in.  

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Reagan Library GOP debate discussion thread

Eight Republican presidential candidates are debating this evening at the Reagan Library in Simi Valley, California. Texas Governor Rick Perry will be most closely watched tonight, because he hasn’t participated in any of the previous debates.

I am curious to see who tries to take Perry down a peg tonight. Representative Ron Paul is on the air in Iowa and New Hampshire with a television commercial hitting Perry, and the Reagan Library is a perfect backdrop for his message. Former Massachusetts Governor Mitt Romney just released a big jobs plan yesterday, so I wonder whether he will try to poke holes in Perry’s claim to be the country’s best job creator.

I’ll update this post with further thoughts on the debate after the jump. Meanwhile, use this thread to discuss tonight’s action or any developments in the presidential race.

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Branstad to seek new teacher pay system for Iowa (updated)

New Iowa teachers would no longer receive automatic raises based on years of experience or post-graduate degrees under an education reform proposal to be revealed in the coming weeks. Iowa Department of Education Director Jason Glass and Governor Terry Branstad’s special adviser on education, Linda Fandel, shared the outlines of the proposed changes with journalists yesterday.

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New Ron Paul tv ad calls Perry "Al Gore's Texas cheerleader"

Representative Ron Paul just answered my question about which Republican presidential candidate would be the first to go after the new front-runner, Texas Governor Rick Perry. A 60-second television commercial going up in Iowa and New Hampshire presents Paul as a longtime supporter of Ronald Reagan, in contrast to Perry, who backed Al Gore’s 1988 presidential campaign. I’ve posted the video and transcript below.

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Maybe Sarah Palin's not a big Rick Perry fan after all

Count me among the Iowans who didn’t care about former Alaska Governor Sarah Palin’s speech to yesterday’s tea party rally in Indianola. She doesn’t appear to be running for president this cycle, having laid no groundwork for a successful campaign. She wasn’t likely to have anything new to say about public policy.

I figured Palin would eventually endorse Texas Governor Rick Perry, who seems similar in style and ideology. Some of her sound bites from Indianola made me rethink that assumption.

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Report exposes "massive CEO rewards for tax dodging" (updated)

Salaries for chief executive officers of major U.S. corporations rose sharply in 2010 despite the weak national economy, and various tax-dodging strategies allowed highly profitable companies to pay little or no corporate income taxes. That’s a small taste of the distubring news from the Institute for Policy Studies’ report on Executive Excess: CEO Rewards for Tax Dodging.

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