Morning Examiner: Super paranoid

Politics,Beltway Confidential,Conn Carroll

Last week, we noted that both American Crossroads and Americans for Prosperity were going on the air with ads attacking President Obama’s economic record. Today, Obama’s reelection campaign is responding with their own ad, defending Obama’s record on “clean energy” and attacking Mitt Romney for shipping jobs overseas.

Obama’s new ad “Swiss Bank Account”, will air in Ohio, Iowa and Virginia, May 1st through the 7th, with $458,000 of the $618,000 buy being spent in Ohio. The bulk of the ad is spent responding to the claims made in the AFP ad, but it finishes with an attack on Romney. “He’s still pushing tax breaks for companies that ship job overseas. It’s just what you’d expect from a guy who had a Swiss bank account,” the male voice reads.

This is not the first time Obama’s campaign has gone on the air to push back against conservative groups. In January, Obama launched the first ad of his reelection campaign in Iowa, Michigan, North Carolina, Ohio, Virginia and Wisconsin. That ad was also in direct response to a different AFP attack on Obama’s energy policies. AFP’s first ad hit Obama for his decision to give $500 million to the now-bankrupt Solyndra solar panel manufacturing firm.”Solyndra investors raised campaign money for Obama. The government gives Solyndra half-a-billion in tax payer money. Politics as usual,” the AFP ad began.

Obama’s first response ad tried to change the subject to the “Secretive oil billionaires attacking President Obama,” a clear reference to David and Charles Koch who are AFP’s primary funders. This time, the villain is Romney himself, as a jobs destroyer.  But all the ads, including Obama’s responses, also put Obama’s record on jobs, particularly clean energy jobs, at the center of debate. That has to be grounds the Romney campaign is eager to engage upon.

Campaign 2012
Romney: The New York Times has a hit piece out this morning on Romney’s eldest son, accusing him of using his dad’s connections to start a private equity firm.

Veepstakes: In The Wall Street Journal, Virginia Gov. Bob McDonnell has an op-ed titled, “Virginia Could Be an Energy Power—If Washington Would Let It.” New Jersey Gov. Chris Christie told high school students in Plainsboro Township, New Jersey that Romney “might be able to convince” him to be vice president.

Massachusetts Senate: Elizabeth Warren is defending her decision to identify herself as a Native American in the 1990s. Her employer at the time, Harvard University, wanted to appear more “diverse,” so it listed Warren as a Native American in their faculty directory. The Warren campaign has offered no hard proof that she is of American Indian heritage.

Around the Bigs
Bloomberg, Obama Fails to Stem Middle-Class Slide He Blamed on Bush: Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened.

The Washington Post, Fewer Americans form households after recession, hampering economic recovery: More than one in five adults between ages 25 and 34 live with their parents or in other “multi-generational” living arrangements, the highest level since the 1950s, according to the Pew Research Center. Analysts estimate that there are more than 2 million fewer occupied homes than there would have been had Americans continued moving into new homes and apartments at the rate they did before the recession.

USA Today, Most student loans unaffected by upcoming increase in rates: About a third of undergraduate students have subsidized Stafford loans, which are awarded based on economic need. The increase would only affect interest rates for subsidized Stafford loans for undergrad students issued after July 1, 2012. Interest rates for existing loans won’t change.

The Wall Street Journal, U.S. Considers Notes That Float: Treasury officials are considering whether to start issuing floating-rate debt for the first time ever. Instead of the interest rate being fixed throughout the life of the notes, the rate would move up and down as overall rates move higher and lower.

The New York Times, E.P.A. Official in Texas Quits Over ‘Crucify’ Video: Al Armendariz, the Environmental Protection Agency official seen in a video released by Sen, James Inhofe’s, R-Okla. saying he was planning on “crucifying” oil companies, resigned yesterday.

The Wall Street Journal, Europe, in Slump, Rethinks Austerity: Spain has joined seven other euro-zone nations in recession, according to data released Monday, providing new evidence that austerity policies are failing to spark confidence in the region’s economies.

Righty Playbook
At the Library of Law and Liberty, Michael Greve reports on “the constitutional establishment’s near-clinical obsession with, and hysteria over, the possible invalidation of the ACA’s individual mandate.”

At The Corner, James Capretta explains why Obamacare can not claim credit for the slowdown in health care spending.

AEI‘s James Pethokoukis explains why the presidential election could be over at 8:30 a.m., October 26.

Lefty PLaybook
At The Daily Beast, Stephen King asks the federal government to force him to pay more taxes.

Talking Points Memo reports on how Senate Democrats “plot to corner GOP with new equal pay bill.”

ThinkProgress attacks Tea Party members on the House Financial Services Committee for taking money from banks that took bailouts.

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