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The banking industry renewed its extortion threat against Congress today: If you create an independent Consumer Financial Protection Agency that is not beholden to the banking industry, we'll make American consumers pay. more »

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On a conference call today with economists who blog and folks who blog on the economy, Speaker Pelosi sought to bridge the gap between progressive proponents of public investment to create jobs, and right-leaning Democrats touting austerity for immediate deficit reduction, by saying: "We will never have deficit reduction without job creation." more »

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The daily Progressive Breakfast serves up what progressive movement members need to know to start their day.

Obama Will Announce Emission Target To Boost Chances Of Climate Agreement

Obama to announce carbon emissions target in advance of Copenhagen. NYT: "The United States will propose a near-term target for reducing greenhouse gas emissions before the United Nations climate change meeting in Copenhagen next month, a senior administration official said Monday. President Obama, the official said, will announce the specific target 'in coming days.' ... the president would decide shortly whether and for how long he might attend the December climate meeting, which runs from Dec. 7 to Dec. 18 ... The House passed a measure in June that calls for a 17 percent reduction over 2005 levels of the domestic emissions of the gases that contribute to the heating of the planet. A Senate committee passed a bill last month that sets a 20 percent target, but that is likely to be weakened in future negotiations."

Politico notes WH looking for political boost from tripartisan trio: "U.S. negotiators are holding out hope that a bipartisan effort by Sens. John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) will give them some momentum heading into the climate talks. The trio of senators is expected to release a framework laying out broad principles of their bipartisan proposal before the conference."

Climate Progress reacts: "I take this White House announcement to be another clear message that, yes, they will be insisting on an economy-wide cap-and-trade bill in the Senate "

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Sen. Claire McCaskill said last week that the Senate wasn't going to tackle the Clean Energy Jobs and American Protection Act this year because it would be "really, really hard." If the Senate doesn't handle it this year, will they deal with it in an election year? more »

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Without the Koch money and buses,The Tea Partiers were able to muster about 30 people to rail against things. The Billionaires for Wealthcare joined the Tea Partiers in what was otherwise a disappointing day for them. more »

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We'd talked about it earlier in the week, but hadn't really made a definite decision to go. Then, Sunday morning I came downstairs to find this Washington Post story on the computer monitor.

On Wednesday, Oct. 7, 6-year-old Heaven Skyler Wilson dragged herself off the school bus that dropped her in front of her home on a rural road in Jetersville, just south of Richmond. The little girl, who had never had so much as an ear infection in her life, was pale and feverish and complained of an upset stomach.

The next day, Heaven's grandmother, Pat Sparrow, took her to a nearby clinic. Heaven, usually a bright, bubbly girl with blond pigtails, dimples and effusive energy, had a sore throat and a 103-degree temperature. The doctor swabbed her for the flu, and the test was positive.

It was just something going around, Sparrow said she was told. The doctor told Sparrow to take Heaven home, give her Tylenol and chicken broth, and let her rest.

By the next morning, Heaven couldn't breathe. Sparrow called 911.

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In pledging to push for congressional passage of a U.S.-Korea Free Trade Agreement, President Obama is showing his inexperience as well as the "no change we can believe in" attitudes of his economic advisers.

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A really smart student intern I’ve had the privilege of working with (Jonathan Flack, GWU 2010) asked a really stupid question. “Why,” he asked, “Do we give China everything it wants? Why don’t we challenge them?” more »

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The Associated Press reports that China has criticized last week's U.S.-China Commission (USCC) report for asserting that Chinese spies are aggressively stealing U.S. secrets. more »

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When Sen. Joe Lieberman first announced he would filibuster any health care bill with a public option, I noted that he lied, falsely calling it an "entitlement program" that would be "trouble ... for the national debt," when in fact it is an "option" not an entitlement which would in fact help our federal government save money.

Yesterday on Meet The Press, Lieberman didn't exactly lie, but deployed -- as his Senate colleague Al Franken coined in his old radio program's "Wait, Wait, Don't Lie To Me" game show segment -- the "Weasel."

And Lieberman's Weasel brightly illuminates the blatant insincerity on the part of the crusaders against the public option.

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