Wall Street Shrugs off President, Focuses on Congress

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Photo Credit: APWhen it comes to worrying over a possible debt default, Wall Street is brushing off President Barack Obama’s warnings and focusing its attention instead on Congress.

Investors say they currently view the words and deeds of Congress as having more power to move markets because the president is not viewed as being intimately involved in the ongoing fiscal negotiations — more of a spectator in chief as the House and Senate fight over how to break their impasse.

“The financial markets seem to believe at this point it’s really in the hands of the House and the Senate,” said Joseph LaVorgna, chief U.S. economist with Deutsche Bank. “In other words, I think the market’s focused more on what might be happening between [Senate Majority Leader] Harry Reid and [Speaker] John Boehner than the president.”

This dynamic was on display in recent days as Wall Street tried to parse Washington’s jawboning.

Last week, Obama cautioned that Wall Street should be seriously worried that Congress may fail to raise the debt ceiling, saying in an interview with CNBC that markets “should be concerned” and that “this time it’s different.”

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Truckers to Protest Obama on Beltway

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Photo Credit: kate at yr own risk/flickrA group of truck drivers are planning to protest the federal government by backing up the Capital Beltway around Washington, D.C.

The group “Truckers for the Constitution” is hoping to call attention to its frustration with regulations from the Obama administration and the overall political climate in the U.S. with an appeal that echoes the early rhetoric of the Tea Party.

“Independent Truckers of America are essentially operating on extremely low; and in most cases working below minimum wage, and all paying exorbitant fuel costs and fees,” the group said on its website, RideForTheConstitution.org.

“American truckers are also very politically astute and great patriots, they are all well aware of what is happening to our U.S. Constitution,” the website continued. “Through this campaign, they are leading the convoy of all Americans coast-to-coast who wish to restore our constitutional republic. America is calling out to our Patriots, and if any group can help lead the charge to save our nation, it’s the U.S. truckers.”

The truck drivers are complaining about their wages, gas prices and the Obama administration’s regulations of their industry. Additionally, they are unhappy with reports the U.S. government was spying on American citizens earlier this year and the amount of debt the country has.

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Obamacare showdown in Texas

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Photo Credit: APThe ground war over Obamacare — the one that will determine whether people sign up — will be won and lost in places like Texas.

If Obamacare fails in the Lone Star State — that is, if a significant portion of the 6.1 million uninsured Texans don’t or can’t enroll — then the White House could miss its national enrollment targets, the new health insurance exchanges could falter and insurance rates could spike.

Obamacare could be unsustainable.

And that’s exactly what leading Texas politicians like Gov. Rick Perry and Sen. Ted Cruz would like to see happen. With the political leaders’ “hell no” approach to Obamacare, Texas may not seem like a health law battleground. But the demographics — a huge, hard-to-reach uninsured population — mean it’s a make-or-break state for making the law work.

Advocates are banking on the idea that a grass-roots push in more liberal, urban areas of Texas, plus the demand among the uninsured to get health coverage, will overcome the state’s institutional opposition and deliver on the promise of Obamacare.

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Wisconsin Professor tells Students Tea Party, Republicans at Fault for Slimdown

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Photo Credit: UWLAX.EDUA Wisconsin college professor warned her students they wouldn’t be able to get all of their homework done because of the partial government shutdown, and put a partisan spin on the bad news.

“Some of the data gathering assignment will be impossible to complete until the Republican/tea party controlled House of Representatives agrees to fund the government,” University of Wisconsin La Crosse Assistant Geography Professor Rachel Slocum told students in an e-mail.

“The Census website, for instance, is closed,” she continued. “Please do what you can on the assignment. Those parts you are unable to do because of the shutdown will have to wait until Congress decides we actually need a government. Please listen to the news and be prepared to turn in the assignment quickly once our nation re-opens.”

At least one student in the online course reported the professor’s political spin to the education blog The College Fix, which first reported the story.

Slocum could not be reached for comment, but a school official told FoxNews.com the issue was addressed.

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Least Essential? Some Agencies Have 0 Employees on Job During Slimdown

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Photo Credit: APFiscal hawks say the silver lining to the partial government shutdown, which is entering its second week of scaled-back services, could be the picture of government waste it paints for taxpayers.

A look through the shutdown contingency plans of the federal government shows some little-known commissions and agencies — like the U.S. Commission of Fine Arts and the U.S. Interagency Council on Homelessness — don’t have anybody reporting for work during the partial shutdown.

The ability of the government to run without any of the people from any of these agencies on the clock is prompting some watchdog groups to question why, then, do the agencies need to exist in the first place?

“Think of all the money we could save as a nation,” Judicial Watch said in an Oct. 7 post. “Besides bringing attention to these largely unheard of agencies, the shutdown – caused by Congress’s inability to agree on a funding bill – is also shedding light on just how bloated the federal government is, with an astounding workforce that’s seen nearly 800,000 furloughed this week.”

Government bodies that have exactly zero people on the job this week include the USDA Risk Management Agency, where all 430 employees are furloughed, and the Federal Maritime Commission, where all 120 workers are furloughed.

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Ready to Hear Latest Lie about Obamacare?

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Photo Credit: WNDThe Obama administration is gushing that Obamacare will change the lives of three uninsured women – but none of the women have actually enrolled in the program.

Twitchy noted that the HHS blog “offers the stories of three women as if they’re Obamacare ‘success stories.’”

However, a close reading of their statements reveals Caroline, Kate and Elizabeth say they are “looking to buy,” “still shopping” and “still trying to decide.”

The HHS blog says Caroline, a 27-year-old substitute teacher and part-time guidance counselor in Washington, D.C., who has been uninsured since 2009, wants to “get insurance on the Marketplace” so she can avoid expensive emergency hospital bills.

According to HHS, Kate, a 30-year-old consultant for a non-governmental organization said she is “overwhelmed” by her options on the Marketplace and is “still shopping to make sure I make the right decision.”

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‘Shutdown’ Day 7: Government Buys $47,174 Mechanical Bull

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Photo Credit: mechanicalbullsales.comThe government shutdown may be keeping furloughed federal workers at home, but on Monday the U.S. Army contracted to buy a mechanical bull.

The $47,174 contract was awarded on Oct. 7 to Mechanical Bull Sales Inc. of State College, Penn.

According to the General Services Administration (GSA) listing, the National Guard of Utah made the request for a “bull which needs to be durable and low maintenance.”

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Anonymous to March on DC on Guy Fawkes Day

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Photo Credit: APDemonstrators involved with Anonymous, a loose collective of online “hacktivists,” will gather on the National Mall in Washington, D.C. on Nov. 5 to march for a vast, nearly innumerable number of causes and issues.

Flyers began appearing around downtown D.C. over the weekend advertising the “Million Mask March,” which will take place on Guy Fawkes Day.

Anonymous members, when they appear in public, are known for donning masks of Guy Fawkes, who unsuccessfully tried to blow up the England’s House of Lords on Nov. 5, 1605, and restore Catholicism to England.

The group supports leakers of government secrets, such as Julian Assange, Bradley Manning, and Edward Snowden. It was also closely allied with the now-moribund Occupy movement.

Anonymous hackers often target large governments and companies who oppose their interests with malicious cyber attacks.

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Al Sharpton, ‘PoliticsNation’ Advertisers Targeted in New Boycott

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Photo Credit: Earl Gibson III/GettyA group of conservative activists, tired of what they see as a persistent and little remarked liberal bias in the news media, are set to begin a series of boycotts aimed at advertisers who sponsor what they see as left-wing networks, outlets, and journalists.

On Sunday they announced their first target, the Rev. Al Sharpton, the civil-rights leader turned MSNBC talk-show host whose PoliticsNation has grown in influence and audience since making its debut two years ago.

“Sharpton is a racial extortionist who has instigated racial animosities, violence, and division in America for the last forty years,” write the boycott’s organizers. “In better times, Sharpton would be stigmatized and condemned for the damage he has done. But today he is a primetime host on MSNBC—the charter cable news network for NBC News, and a favored outlet for the Obama administration’s spin doctors.”

The boycott is part of Truth Revolt, a new project by the David Horowitz Freedom Center, a right-wing foundation that has focused on what it calls liberal bias in Hollywood and on college campuses. Truth Revolt, which says its purpose is to “unmask leftists in the media for who they are, destroy their credibility with the American public, and devastate their funding bases,” is led by Ben Shapiro, an editor-at-large for the conservative website Breitbart News and the author, most recently, of Bullies: How the Left’s Culture of Fear and Intimidation Silences America.

The first Sharpton sponsor the group is targeting is Ritz Crackers, owned by Chicago-based Mondelez International. Shapiro said Truth Revolt chose Mondelez because it bills itself as a “family-friendly company” and because it was one of the few advertisers to respond to the group’s inquiries about why it supports the Sharpton show.

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ATF Tries to Block Whistleblowing Agent’s ‘Fast and Furious’ Book

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Photo Credit: APThe Bureau of Alcohol, Tobacco, Firearms and Explosives is blocking the main whistleblower in the Fast and Furious case from publishing a book for pay, claiming his retelling of the Mexico “gun-walking” scandal will hurt morale inside the embattled law enforcement agency, according to documents obtained by The Washington Times.

ATF’s dispute with Special Agent John Dodson is setting up a First Amendment showdown that is poised to bring together liberal groups like the American Civil Liberties Union and conservatives in Congress who have championed Mr. Dodson’s protection as a whistleblower.

The ACLU is slated to become involved in the case Monday, informing ATF it is representing Mr. Dodson and filing a formal protest to the decision to reject his request to publish the already written book, sources told The Times, speaking only on the condition of anonymity.

The battle also could have repercussions on Capitol Hill, where the two lead investigators who helped uncover the Fast and Furious scandal, Sen. Chuck Grassley, Iowa Republican, and House Oversight and Government Reform Committee Chairman Darrell E. Issa, Calif. Republican, had written a foreword to the book, the sources said.

ATF officials declined Sunday night to discuss Mr. Dodson’s specific matter, citing personnel privacy. But the officials said it was possible for an agent to be rejected for publishing a book for pay but get permission to publish it for free. No manuscript for any Fast and Furious book has received approval for unpaid publication, however, the officials said.

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