Economist Kenneth Rogoff, no liberal, is arguing for a higher inflation target:

What’s on your mind this weekend, Bleeding Heartland readers? Newt Gingrich is probably wondering who’s going to pay for him to fly around the country on private jets. His presidential campaign can’t afford the expense anymore, and his former gravy train 527 group American Solutions went belly up last month.

Representative Steve King is demanding Congressional hearings on what he described as the Obama administration’s new policy of “executive amnesty to illegal aliens.” My only question is, what took him so long?

U.S. Senator Tom Harkin argued yesterday that getting the economy moving again is more important than cutting the federal deficit, adding that President Barack Obama isn’t showing enough leadership on the issue. I share Harkin’s view and hope other Democrats who have bought into the deficit hysteria will get the message.

Catching up on news from last week, Governor Terry Branstad has withdrawn Iowa’s membership in the leading advocacy group for passenger rail connecting the Midwest.  

Former State Representative Geri Huser, one of Iowa’s surprise losers in November 2010, has landed a senior position in state government with the Iowa Finance Authority.

Four Democratic state legislators and the leader of Iowa’s largest public employee union filed a lawsuit yesterday challenging Governor Terry Branstad’s line-item veto of a provision barring Iowa Workforce Development from closing 36 of its 55 field offices around the state.

UPDATE: Further details are at the end of this post.

Iowa Attorney General Tom Miller kicked his New York counterpart Eric Schneiderman off the executive committee for the 50-state working group on foreclosure fraud yesterday. As leader of the working group created last October, Miller has drawn criticism for negotiating lenient terms for major lenders and not investigating some shady foreclosure practices. His latest move is another sign that Miller leans toward terms favored by banks and their Obama administration allies.  

The National Republican Congressional Committee went up on cable television this week against Representative Dave Loebsack in Iowa’s new second district. I’ve posted the video and transcript after the jump. Be warned: you may wonder whether you’re watching a real Republican commercial or a Stephen Colbert parody.  

Neither a late campaign start nor ignoring the Iowa GOP’s Ames straw poll has hurt Texas Governor Rick Perry’s standing among Iowa Republicans, according to a new survey by Public Policy Polling. Perry narrowly leads former Massachusetts Governor Mitt Romney and Representatives Michele Bachmann and Ron Paul among the regular GOP primary voters surveyed.

Governor Terry Branstad said Monday that a controversy over requiring non-toxic shot for hunting mourning doves in Iowa “should have been handled better” by the Iowa Department of Natural Resources’ Natural Resource Commission. He also denied that he had expressed support for a lead shot ban in a telephone conversation with one of the commissioners.

President Barack Obama declared Monday that the regime of Colonel Moammar Gadhafi “is coming to an end” in Libya. Both rebel forces and Gadhafi loyalists claim to control most of Tripoli, the Libyan capital, but the rebels have made substantial gains during the past week. For the past five months, the U.S. has supported the Libyan rebels as part of a NATO military intervention. Obama said his team is “in close contact with NATO as well as the United Nations” to plan next steps in Libya.

The full text of the president’s statement is after the jump. I will update this post if I see any Iowa political reaction to the latest developments. Iowa’s Congressional delegation split on U.S. House votes regarding our military intervention in Libya and potential funding for ground troops there. Among Iowa elected officials, Democrat Bruce Braley (IA-01) has been the only consistent critic of the policy.

Any comments about U.S. policy toward Libya are welcome in this thread.

UPDATE: This is a good summary of what happened in Libya during the past six months.

Senator Chuck Grassley made news last week by publicizing a whistleblower’s claims about widespread file destruction at the Securities and Exchange Commission. Thousands of preliminary investigation files no longer exist, which hampers the SEC’s ability to identify and prosecute financial crimes. The alleged practice goes back nearly two decades, despite a federal law that grants the National Archives and Records Administration authority over preserving government files.

President Barack Obama didn’t create this problem, but his cozy relationship with Wall Street helped keep law-breaking alive at the SEC.

It doesn’t get more cynical than this: the Iowa Department of Inspections and Appeals eliminated 10 of its 38 nursing home inspector positions, ostensibly to save money. In response, the state legislature appropriated funding for those jobs in the current fiscal year. However, department leaders still refuse to hire any more nursing home inspectors.

Here’s a question to get our weekend conversation going: which Republican will be next to follow Tim Pawlenty out of the presidential race?  

Iowa House Assistant Majority Leader Renee Schulte confirmed yesterday that she will seek a third term in the state legislature in 2012. Her announcement sets up a likely rematch with former State Representative Art Staed, the Democrat Schulte defeated by 13 votes in 2008.

Three non-profit organizations may sue the U.S. Environmental Protection Agency for “unreasonable delay” in responding to a 2007 petition seeking to revoke the state of Iowa’s authority to regulate pollution from CAFOs.  

Representative Ron Paul launched his presidential campaign’s second television commercial today. The 60-second spot contrasts Paul with “smooth-talking politicians” from both political parties, including his three strongest rivals for the Republican nomination.

Iowa Citizens for Community Improvement members filed an ethics complaint yesterday against Brent Rastetter, one of Governor Terry Branstad’s appointees to the state Environmental Protection Commission.

The Iowa legislature’s Administrative Rules Review Committee lived up to its unofficial nickname today: “Where good rules go to die.” Nine of the ten lawmakers on the panel voted to delay a proposed ban on lead shot for dove hunting until after next year’s legislative session. It’s a safe bet that before then, legislators will pass a bill allowing hunters to use any kind of ammunition to kill doves.