Obama Tells Panel U.S. Recovery Harmed

President Barack Obama told the first meeting of his panel of outside economic advisers that the U.S. must deal with stubbornly high unemployment even as the recovery from the recession is well under way.

“The biggest challenge that we’re seeing right now is that unemployment is way too high,” Obama told the 23-member President’s Council on Jobs and Competitiveness yesterday. The advisory group, led by General Electric Co. chief executive officer Jeffrey Immelt, replaces the President’s Economic Recovery Advisory Board, which was headed by former Federal Reserve Chairman Paul Volcker.

In the month since he delivered his State of the Union address, Obama has sought to make the case that investments in education, infrastructure and innovation will help create more jobs. He reiterated that message yesterday, telling members of the panel, “We’re going to have to up our game in this newly competitive world.”

Obama told the group that he wants them to provide “some concrete deliverables” that will help lower the 9 percent unemployment rate.

Today the president is scheduled to meet at the White House with 14 Democratic governors -- including Deval Patrick of Massachusetts, Martin O’Malley of Maryland and Dan Malloy of Connecticut -- to discuss ways Washington can work with states to help spark job creation, according to a White House statement.

Protest and Counter-Protest of King's Muslim

Two groups of protesters met on Tuesday outside King's office, one to protest the hearings and the other to support them.

According to the Wall Street Journal, about 100 people showed up to represent each side. No arrests were made, but police intervened to set up barricades between the two groups after individual confrontations erupted into shouting matches.

King acknowledged the support shown him. "Al-Qaida is recruiting right under our radar screen," he said in an interview. "We are not going to cave to political correctness. There is a real threat to the country from the Muslim community and the only way to get to the bottom of it is to investigate what is happening."

Inna Arolovich of the American Association of Jews from the Former Soviet Union supports King and the hearings. "I believe that radical Islam is threatening each of us, including peaceful Muslims," she said. "It is a very real threat."

Dr. Shaik Ubaid of the Muslim Peace Coalition USA's New York chapter explained their concerns. "We are worried about the way the hearings are being conducted. It will demonize the Muslim community. He should work with the Muslim community who has been working with the FBI and others and get to the root cause of this."

Pax Christi also protested the hearings, as did several individuals, at least one of whose Muslim son Mohammad Salman Hamdani was an EMT who died during the 9/11 terrorist attacks on New York.

"American Muslims also died," Hamdani's mother said. "We sacrificed for this nation, for our nation. We are fighting on the front also. We are contributing members of society. For anybody to accuse the American Muslims of collective guilt is not right. We were attacked by foreign terrorists, criminals without a nation, al-Qaida."

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State of the Union, Barack Obama must turn words into action

President Barack Obama’s State of the Union

address Tuesday contained the usual laundry list of initiatives big and small — including many that require bipartisan cooperation for success.

But a POLITICO look at his wish list shows that, at best, he’ll probably be able to check off only a few of his agenda items, and Republicans are only part of the problem.

He put Democrats on the spot with an earmark ban, irked them by renewing his call for a freeze on discretionary spending and challenged them to limit medical malpractice lawsuits.

But heading toward his 2012 reelection, these are fights Obama seems willing — even eager — to have. He might not get everything he wants or even very much of it. But if Republicans balk, Democrats, led by the president, can call them out on it. If Democrats resist, Obama can create distance between himself and his less popular colleagues on the Hill.

POLITICO rates the odds of success for 10 key proposals. Items scoring zero have the least chance of happening. Those scoring 5 have the easiest track.

Five-year freeze on domestic spending

Idea: Obama proposed the cap as a “down payment toward reducing the deficit.”

Pro: The president claims the move would cut the deficit by more than $400 billion over the next decade, giving him a punchy talking point to show he is serious.

Con: It’s barely a dent. The deficit for this fiscal year alone is $1.5 trillion, congressional scorekeepers say.

Barack Obama's energy message failed

If President Barack Obama is going to sell Congress and the American public on energy legislation, he should forget the words “climate change,” Sen. Richard Lugar said Monday.

Lugar is preparing his own energy measure this year, and while he offered the Clean Economy Summit few specifics, the Indiana Republican said he will keep “social inertia” and marketing in mind – something he said Obama failed to do.

Obama’s energy message was eclipsed by cap-and-trade in the public mind, said Lugar. “The Obama administration’s focus on carbon reductions caused almost any energy security proposal to be viewed through the prism of climate change,” he said.

“The theological adherence to climate orthodoxy among some and absolutist denial by others left little room for serious debate on energy questions,” Lugar added.

Using feedback from the “practical energy plan” he introduced last summer aimed at reducing dependence on foreign oil, Lugar is passing his new energy bill around to newly-elected senators.

President Obama to get a little more personal

President Barack Obama is once again the big draw at this year’s House Democratic Caucus retreat, but instead of giving a big motivational speech to the crowd, he’s planning to get a little more personal this time around.

On Friday evening in Cambridge, Md., according to aides, the president will show up to work the room, glad-handing with Democrats individually and in small groups at the Hyatt Regency, signaling a more hands-on approach to House Democrats who are still getting used to life in the minority.

Obama’s move to give more personalized attention to Democrats is also a reflection of the new political realities. After moving Obama’s ambitious agenda for the past two years, many liberals feel stung now that the president has started to work more closely with Republicans.

Obama’s appearance before House Democrats is slated to be closed to the media. House Democrats also will hear from Vice President Joe Biden, in the only portion of the three-day retreat that is open to the media.

Battles on budget and healthcare loom for Obama

After a good end to a not-so-good year, President Barack Obama faces even tougher challenges in the months ahead as looming fights over spending and healthcare set the stage for a difficult 2012 re-election campaign.

When a new Congress convenes on Wednesday, Obama will be confronted for the first time by a Republican majority in the House of Representatives and a strengthened Republican minority in the Senate.

Whether he strikes deals with those newly powerful foes and continues the momentum built in December's "lame-duck" Congress or becomes mired in another bout of legislative gridlock could be a critical factor in Obama's prospects for a second term.

"The political climate is about to completely change for Obama, and how those budget and healthcare battles play out will really determine his status for the race in 2012," said Steven Schier, a political analyst at Carleton College in Minnesota.

A burst of accomplishment in Congress during the final days of December produced a tax deal with Republicans, repeal of the ban on gays serving openly in the military and ratification of a new nuclear arms treaty with Russia.

Line of duty deaths among police officers go up

The shooting death of a Texas police officer late Tuesday adds to a grim toll: A law enforcement officer was killed every 53 hours in the United States this year, according to a new report.

Line-of-duty deaths jumped by 37% in 2010, according to the report by the National Law Enforcement Officers Memorial Fund.

An officer was killed Monday during a traffic stop in Atlanta. Late Tuesday night, an Arlington police officer was among three people killed in a shooting at an apartment complex.

These incidents are part of an overall trend of increased violence against police officers and law enforcement professionals this year. According to preliminary data compiled by the memorial fund, a total of 160 federal, state and local law enforcement officers died in the line of duty during the past 12 months, an alarming increase that follows two years of declining deaths among the nation's policing professionals.

While the sharpest increase has been in gun-related deaths, traffic-related incidents remained the number one cause of death among the nation's law enforcement officers for the 13th consecutive year. Seventy-three officers have been killed in traffic-related incidents this year, compared with 51 in 2009.

"Our law enforcement officers are being asked to do more today with less," said memorial fund Chairman Craig W. Floyd. "And it is putting their lives at risk."

During the past year, 18 officers were killed in Texas, the highest in any state. It was followed by California with 11, Illinois with 10, Florida with nine and Georgia with seven.

Since the first known line-of-duty death in 1792, nearly 19,000 U.S. law enforcement officers have made the ultimate sacrifice.

Air traffic scheduled to resume at NYC airports

NEW YORK — There's relief ahead for some travelers stranded at the New York-area's three major airports.

The Port Authority of New York and New Jersey says flights are expected to begin arriving at Newark, LaGuardia and John F. Kennedy International airports Monday evening.

At JFK, some people are being booked on flights to leave this evening. Other flights were listed as arriving on time.

However, some travelers may be delayed a bit longer.

Srinivas Tadakamalla's (SREE'-nee-voss todd-ah-kah-MAHL'-ah) has been stranded at JFK on his way home to St. Louis from India with his 5-year-old daughter and 22-month-old son. He says he's been told he can't get a flight until Thursday.

All flight operations were suspended Sunday night during a storm that dumped 20 inches of snow on the metropolitan area.

Senate vote on nuclear treaty may be defining moment for Obama

Washington — The upcoming Senate vote on a U.S.-Russia nuclear arms treaty may turn out to be a defining moment for the Obama administration's foreign policy.

If he wins the support of at least two-thirds of the Senate for the New START agreement in a vote that may come as early as Tuesday, President Obama could build on the victory as he turns to a long list of foreign policy challenges — including Afghanistan, Iran, North Korea and his broader plans to limit nuclear weapons.

How to Profit From the Compromise Tax Deal In 2011

The compromise tax deal was signed into law by U.S. President Barack Obama on Friday, and continues to draw fire from critics on both sides of the political aisle. The $858 billion tax package isn't paid for. In fact, it actually costs more than the controversial Obama stimulus plan that has been criticized for having little measurable impact - even as it caused the budget deficit and the U.S. debt burden to explode.

And yet, investors have been cheered by the deal.

Near term, that's an acceptable perception. But in the long run, some very real problems loom. Investors who ignore those problems will take a real beating - and it will be self-inflicted. But investors who prepare for the inevitable will actually improve their positions: They'll not only protect themselves, they will profit.