Summit Notebook

Exclusive outtakes from industry leaders

from Tales from the Trail:

This time, some Democrats are embracing “Obamacare”

 

Fierce opposition to President Barack Obama's healthcare bill helped propel Republicans to big victories in the 2010 mid-term elections, when they won a majority of seats in the House of Representatives and cut into the Democratic majority in the Senate.

But this year, at least some Democrats are embracing the healthcare plan - touting their support for its popular provisions and attacking Republicans for opposing measures that polls show big majorities of Americans supporting.

North Dakota's former Democratic attorney general, Heidi Heitkamp, who is running for the Senate, responded to a wave of attack advertisements against her over the healthcare law by creating an emotional advertisement of her own relating her own recovery from breast cancer to her support for the law.

"Twelve years ago I beat breast cancer. When you live through that, political attack ads seem silly," she said in the advertisement, in which she speaks directly to the camera, wearing a soft blue jacket over a simple white top.

from Tales from the Trail:

Obama letter brings Democratic donors out of the woodwork

A fundraising appeal from President Barack Obama on Monday netted Democratic Congressional candidates their biggest online fundraising day ever, New York Congressman Steve Israel said at the Reuters Washington Summit.

Obama made an email appeal asking supporters to donate $3 or more to help the Democratic Congressional Campaign Committee. The appeal raised $580,000, said Israel, chairman of the DCCC, which helps recruit and raise money for candidates for the House of Representatives.

from Tales from the Trail:

Blunt says to keep an eye on Virginia

Missouri Senator Roy Blunt, a Republican who is Mitt Romney's point person in Congress, doesn't think Ohio or Florida will be the main states to watch on election night. He will have his eyes on Virginia.

In an interview at the annual Reuters Washington Summit, Blunt was asked which state was the one to monitor in the run-up to the Nov. 6 election between President Barack Obama and Romney.

How do White House staff know when it’s time to leave?

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SUMMIT-WASHINGTON/GIBBSIt’s an age old question that even applies to senior staff working in the White House: At what point do you decide it’s time to quit your job and move on?

White House spokesman Robert Gibbs predicted at the Reuters Washington Summit that some people working in the White House will soon decide they want to go back to a less hectic life. Especially those who worked on President Barack Obama’s presidential campaign which lasted two grueling years.

Shift in power on the horizon in Washington?

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Republicans stand poised to gain substantial influence in Congress, putting at stake billions of dollars in investment as a shift among power brokers throws legislative initiatives old and new into doubt. Reuters Washington Summit will bring together an influential line-up of insiders just weeks before Americans cast their votes, promising a must-read stream of exclusive news on the outlook for Congress and President Barack Obama’s agenda. Editors and correspondents from the Reuters Washington bureau are sitting down with senior lawmakers, including GOP heavyweights in line for leadership, and regulators whose implementation of Wall Street and healthcare reform could be complicated by a change in control on Capitol Hill.

The Summit will generate exclusive stories, investable insights, online videos and blog postings, which will be immediately available only to Thomson Reuters clients during the Summit. Key interviews will air live exclusively on Reuters Insider – a new multimedia platform delivering relevant news, analysis and trade ideas presented through a personalized video experience. Visit http://etv.thomsonreuters.com/

ABA’s Yingling sees danger in rhetoric: it’s Wall Street, not banks

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REGULATION-SUMMITEd Yingling, president and CEO of the American Bankers Association, is a little worried about the rhetoric that’s been flying around as Congress tries to produce financial reform legislation.

And he wants people to be clear that the problems are with Wall Street, not banks.

Pratt and Whitney’s Hess: corporate jets got bad rap

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Pratt and Whitney President David Hess says corporate jets got a bad rap from Washington and the rhetoric hurt the industry.

Remember the furor over automakers arriving for congressional hearings late last year in corporate jets to ask for bailouts? And how President Barack Obama and his administration was publicly angry that Citigroup was purchasing a $50 million plane while receiving government funds from the Troubled Assets Relief Program.

Lockheed CEO: “Not miffed” over Obama nixing presidential helicopter

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President Barack Obama was quite blunt earlier this year about a  new fleet of presidential helicopters being built by Lockheed Martin Corp., citing it as an example of the procurement process “gone amok.”

And he axed the program, forcing the defense contractor to stop development of the helicopter in mid-air, so to speak. AERO-ARMS-SUMMIT/

Upstarts!

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The U.S. government has pumped more than $100 billion into Detroit over the past year to keep automakers General Motors and Chrysler alive. But some of the sector’s remaining capitalists are having a hard time stomaching a $25 billion Department of Energy loan program intended to spark new developments in electric cars. 

Start-ups Fisker Automotive and Tesla Motors have won about $1 billion in combined funding, while longtime players Ford and Nissan have received substantially larger loans from Washington to work on vehicle electrification — a technology the White House and many in the industry hope will reduce the United States’ dependence on imported oil and lower emissions of carbon dioxide, a leading greenhouse gas. 

Senator McCain: Republicans in search of message to woo angry voters

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The Republican Party is in search of a message to attract voters who are angry with just about everything — healthcare, the U.S. deficit, Wall Street bonuses, increased unemployment and home foreclosures to mention a few.

“There’s a lot of anger out there and there’s a lot of frustration,” said Republican Senator John McCain, who was defeated by Democrat Barack Obama for president last year.

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