ABOUT FIRST READ

First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often.

Chuck Todd, NBC Political Director

Mark Murray, NBC Deputy Political Director

Domenico Montanaro, NBC News Political Reporter



First thoughts: Obama on Putin

Posted: Tuesday, July 07, 2009 8:56 AM by Domenico Montanaro
Filed Under:

From Chuck Todd, Mark Murray, Domenico Montanaro, and Ali Weinberg
*** Obama on Putin: During his second day in Russia, President Obama already has met with Prime Minister Vladimir Putin, chatted with former Soviet leader Mikhail Gorbachev, and delivered a speech on U.S.-Russia relations. In an interview afterward with NBC News, Obama described his first meeting with Putin. “My impression of the prime minister is that he is strong, he cares deeply about Russia, he has understandable concerns about Russia's role in the world, and I think he has suspicions about the United States.” Asked whether Putin still has a foot planted in the Cold War, the president replied, “I think he would be the first to admit as somebody who grew up in Soviet Russia, he's somebody who knows the pains and the hardships and difficulties of the Russian past, and that still informs some of his views. But I will say this: I found him to be very smart, and I found him to have a practical bent.” More Obama: “[Putin] is not sentimental about how he views the world, and where there are common interests between the United States and Russia, my belief is that we can potentially pursue those common interests to the benefit of both countries.”

*** On Iran and the economy: Also in the interview with NBC, Obama discussed Russia’s relationship with Iran. “They've had an ongoing diplomatic relationship and commercial relationships with Iran for the last 30 years, and we have not. So, obviously, they view Iran differently.” He added, “I am persuaded that they do not want to see Iran possess a nuclear weapon, and I think they are concerned about the potentially destabilizing effect of the nuclear arms race in the Middle East. And one of the things that we are going to need to explore jointly over the next several months is can we provide a door for Iran to walk through where they say that they are not going to develop a nuclear weapon.” Turning to domestic issues, Obama was asked whether he misread the economy, as Vice President Biden asserted over the weekend. “Well, I would actually rather than say ‘misread,’ we had incomplete information. We came in January 20th. It was only after the first-quarter numbers came in, if you recall, that suddenly everybody looked and said the economy shrank 6%.” Also, the president seemed to return back to downplaying expectations about the economy’s recovery. “What we always knew was that: A) this recession was going to be deep, B) it was going to last for awhile, and C) even when the economy pulls out of recession that you are going to see jobs emerging only at the end of that process rather than the beginning.”

Video: President Obama speaks to the graduates of Moscow's New Economic School and outlines his hopes for cooperation between the U.S. and Russia.

*** The revolution -- as well as the speech -- won’t be televised: Here’s the AP’s lead of Obama’s speech today in Russia: “President Barack Obama, working to drastically reshape U.S. relations with a skeptical Russia, said Tuesday the two countries are not ‘destined to be antagonists.’ ‘The pursuit of power is no longer a zero-sum game,’ Obama said, speaking in the Russian capital to graduates of the New Economic School but also hoping to reach the whole nation. ‘Progress must be shared.’” Obama's speech was billed as the third of a series of four major speeches about America's role in the world. The first two: Prague and Cairo. But unlike those two speeches, it's not clear the intended audience even heard the president's words. There were empty seats at the graduation ceremony and very little local media coverage. Indeed, per the AP: “It was carried live on 24-hour news channel Vesti, but not on any of the main, more widely watched Russian TV channels like First Channel, Rossiya, or NTV." By the way, the fourth speech in this series takes place in Ghana this weekend.

*** 'I am a fighter. I thrive on challenge': Meanwhile, Obama wasn’t the only American politician to speak to NBC News… In an interview in Alaska with NBC’s Andrea Mitchell, Sarah Palin further explained why she’s walking away from her job as governor. “I think that some people may not be fully aware of all of the conditions. And it’s perplexed me that we have sat down with many reporters, and we have shown them how it’s cost thousands and thousands of hours and state time and millions of dollars in state resources to continually send off these frivolous, ridiculous, wasteful ethics violations,” she said, adding that her legal bill is about half a million dollars. Asked by Mitchell whether she was tired of the nitty, gritty work of a governor after the presidential campaign, Palin replied, "I am a fighter. I thrive on challenge.”

*** That next fish run: Palin on her political future: “I don’t know what the future holds. I can’t predict what the next fish run’s gonna look like, much less what’s gonna happen in a couple years. But my focus is on my state still, and it always will be -- and my family and what is best for them. What is best for them is to not run for re-election and to avoid a lame duck, wasteful session in a final year of office.” On whether it was a mistake to agree to be John McCain’s running mate: “Not in the least. Absolutely not. It was a great honor to stand by a true American hero. I believe in John McCain, I appreciate him, I honor him, and I would’ve done all that again in a heartbeat.” In his interview with NBC, Obama said this about Palin’s decision to resign from office: “She says that this is something that is best for her family, and I respect that.”

Video: Katrina vanden Heuvel, Sam Stein and Tim Griffin weigh in on Sarah Palin’s resignation. Is another shoe about to drop?

*** Dems at 60: Today, it becomes official: Democrats will have a filibuster-proof 60 Senate seats when Al Franken gets sworn in by Vice President Biden at 12:15 pm ET. And as the New York Times and others have pointed out, Franken no longer seems to be the profane comedian. “‘I’m ready to get to work, thank you,’ Mr. Franken said in a sober monotone on Monday after posing for photographs with Senator Harry Reid, the majority leader. That was about as much of a knee-slapper as Mr. Franken told, at least in public.” Meanwhile, with the Dems now at 60, the National Republican Senatorial Committee releases a new Web ad, which states: “The Democrats have total control. No checks. No balances… In 2010, you can hold them accountable.”

Video: Kent Jones joins guest host Alison Stewart to take a look at Al Franken’s improbable run from comedian to Senator.

*** Hillary watch: Also today, Secretary of State Clinton meets with ousted Honduras President Zelaya.

*** Eight is enough? Looking back at that close 219-212 energy vote from late last month, one thing didn’t get the attention it probably deserved: the eight Republicans who voted for the legislation and who helped pass it. Those Republicans were Mary Bono Mack (CA), Mike Castle (DE), Mark Kirk (IL), Leonard Lance (NJ), Frank LoBiondo (NJ), John McHugh (NY), Dave Reichert (WA), and Chris Smith (NJ). What do these folks have in common? They either hail from the coasts (Bono Mack. Castle, Lance, LoBiondo, McHugh, Reichert, and Smith), are thinking about statewide office in blue states (Castle, Kirk), or are joining the Obama administration (McHugh). In short, these are your remaining House GOP moderates, and their ranks will likely decrease by one when McHugh leaves. 

*** Censure time: Thanks to Michael Jackson’s death and funeral, Sarah Palin’s resignation, and Obama overseas trip, embattled South Carolina Gov. Mark Sanford has escaped the media’s scrutiny in the past few days. But that doesn’t mean his job is still entirely secure. Last night, per South Carolina’s The State, members of the state GOP voted to censure Sanford (22 voted to reprimand him, 10 asked for him to resign, and nine voted to support him). “The governor’s spokesman, Joel Sawyer, reiterated Monday night after the vote that the governor will stay on. ‘The governor fully appreciates the party’s position and he intends to work diligently to earn back its trust,’ Sawyer said.”

Countdown to Election Day 2009: 119 days
Countdown to Election Day 2010: 483 days

Click here to sign up for First Read emails. 
Text FIRST to 622639, to sign up for First Read alerts to your mobile phone.
Check us out on Facebook and also on Twitter.

MAIN PAGE

Email this EMAIL THIS

Comments

Nashville,

I wasn’t saying I don’t care in the manner where I don’t care about debating it or demeaning your crusade for accurate quotations.  I just don’t care if he said it one way or the other because I don’t think that was ever something that was possible.  I do think his advisors made the mistake of issuing optimistic statements prior to inaguration, but I think we both agree that's hardly a lie on the part of Obama.  The fact that it's out there shows a lack of oversight over who was saying what during that time frame, but again I don't really care.  Administration rhetoric is always a constant regardless of the President.  He can't micro-manage every one working for him all the time.  This stuff is bound to happen, and as T.R. always said "The buck stops here" so it always lands on the President.  

What I am really intersted in is this rumor flying around that there is a leaked White House memo in which Obama called the Tea Party protests idiotic.  I'm skeptical that it exists, but at the same time I wouldn't be surprised.  He strikes me as someone who has a streak of over-confidence in his abilities that he has to keep in check.

On to other things you disagree with me about...

I explain Bernie Madolff and Enron by saying they are criminals.  And although they both contributed to the economic demise of some they weren’t responsible the entire economic collapse we are now experiencing (The SEC was warned about Madolff some years ago btw, and did nothing).  Although if you look at what Madolff was doing it isn’t much different than the model the government uses for paying Social Security benefits.  That’s right, according to me, Social Security is just a big ponzi scheme.  That’s another debate for another time though.

The housing market, and the banking collapse had more to do with Greenspan and Bernanke not knowing how to leave things alone than lack of regulation.  The Fed is constantly tinkering with interest rates, and creating bubbles instead of sustainable growth.  Why do you think houses were selling for so much?  Credit was easy to come by and this in turn created an artificial demand for housing.  But who is in charge of credit?  Oh, why it’s the Fed!  Frankly we could do without the Fed, and the let the market set interest rates.  Of course that would make some folks in Washington less than necessary, and might actually shrink the size of government…heaven forbid!

Think about what we are told.  “Credit is the lifeblood of our economy” this is something that has been said by Bush and Obama alike.  Now I can’t live off of credit, and you can’t either.  I have to have income.  The same goes for Businesses they have to have income to make it long term.  Even entire States are on the verge of bankruptcy because they don’t have enough income.  The Federal Government is in this alternate position where they can simply print more money instead of living within their means.  Where do you think the stimulus money comes from?  It’s not from taxes, but rather from the printing press.  If the market was setting rates credit would be very expensive right now.  People would be forced into saving instead of borrowing.  Once the level of savings had risen credit rates would then being to fall again because there would be a surplus of liquidity in the banking system, and therefore an opportunity for lending profits as opposed to investment profits is then created.  

For all of this to work however, and here is the rub, we have to be manufacturing and trading abroad as well as domestically.  If we are only selling within our borders then credit has to be available because we have to be consuming at all times.  However if we are to accept the natural ebb and flow of long term and short term investment (i.e. saving vs. consuming) we have to be able to trade internationally so there is a constant flow of income to fuel growth.  This is where (I think anyway) Bush was a monumental failure.  Our foreign policy has to be one of peace.  Aside from the obvious moral and noble reasons of not killing innocent people, and sending our soldiers into battle over greedy motivations, peace is a great conductor of trade.  Trade in turn creates a state of worth for the continued pursuing of peace.  You are less likely to go to war with a nation that you have a healthy trade relationship with.  Our fear mongering is hurting more than just our reputation around the globe, but it is also hampering our ability to tap into massive amounts of trade potential in the Middle East, and the Far East.

Also if we had privatized Social Security there would be more to invest in the market readily available (and you thought I was done talking about this).  Think about it, 12.5 percent of your income goes to pay for benefits of those receiving social security now.  What if instead this money didn’t go into a government trust (where its surpluses are regularly raided to cover expenses not related to the program), but were left in the market where they could yield returns of 7 percent (which until recently was the average rate of return over the lifetime of a retirement fund).  Of course right now I don’t think this is practicable.  Since the market is going to continue fluctuate between boom and bust so long as the Fed has the authority it has retirement isn’t all that safe in anyone’s hands.  

We could curb inflation with sound money, and then you could just save without fretting that your savings is devaluing at an annual rate of 2-3 percent…but I’ll save that diatribe for another time.

Also government subsidies are not like tax cuts.  Tax cuts affect everyone within a bracket.  Subsidies create an artificial advantage for one particular industry or company within an industry over the rest.  It’s an infection that hampers competition, and it’s fueled by special interest, and is the epitome of the Government stacking the deck.  Beside that I wouldn’t be for tax cuts unless sensible cuts were made in the budget to cover it.
S. Chanders "Anyone read through all this tripe? Obama has no clue what he's talking about."
------------------------------------------------

President Obama got an agreement from the Russians for the first time to allow shipment of weapons through Russian airspace to Afghanistan. That seems to be something of major importance that's come out of this trip, not that wingnuts or FR, apparently, have little interest in anything of substance. Political sniping is their only concern.
Cap and trade will die and HCR will die. We can all breath a little easier after that happens. We may be able to keep a little bit of the money we work. Hopefully Obama will onlt take some of our money to distribute to the poor and lazy, otherwise known as his voting base.
Greg, Indiana: Great post about the president's trip to Russia. Very thoughtful. It's how I see President Obama as he travels abroad. Our foreign policy approach is very important. The arrogance has to go. As was said this morning, Russia has lost an empire.  
"Palin is so much better looking than any single one liberal Dem in politics. Even puffy-faced Keith Olbermanniac can't deny that."  Bad Chihuahua (Sent Tuesday, July 07, 2009 9:42 AM)

How is that relevant to her political 'gravitas' (I puked a little as I typed that,...)

Seriously, there are lots of attractive women; but I don't want them batting their eyelashes over nuclear arms negotiations.  This is a serious world.  We are a serious country.  We have serious problems.  We need serious politicians, able to think critically in positions of LEADERSHIP.  But by all means, vote with your little head.  It will insure Democratic rule for years.
When Obie is done with this gig, he can be a movie critic.
Siskel Ebert (Sent Tuesday, July 07, 2009 9:14 AM)

----------------------------------------------------
it is people like this that have done this country wrong, come on out from behind that bogus name and tell us what your real name is!!!!
Palin is so much better looking than any single one liberal Dem in politics.

Even puffy-faced Keith Olbermanniac can't deny that.

Bad Chihuahua (Sent Tuesday, July 07, 2009 9:42 AM)
----------------------------------------------------

But like many of those types...the instant she opens her mouth, she turns uber-fugly.

I like brains with my beauty thank you.  That's why I'm marrying a hottie math professor.
Right back at you, Anita.  
Please listen to your own advice sometime
---------------------------
Oh stop being such a cry baby. You just got served. So you may as well be an adult about it.
“My impression of the prime minister is that he is strong, he cares deeply about Russia, he has understandable concerns about Russia's role in the world, and I think he has suspicions about the United States.”  "...and I apologize on behalf of those evil, nasty people who elected me President."
Barrack Obama
What I am really intersted in is this rumor flying around that there is a leaked White House memo in which Obama called the Tea Party protests idiotic.
------------


Obama has certainly publically mocked the Tea Party protests. I wonder what would have happened if Bush had mocked the Million Man March?
Jonathan, Flint, MI---
Well Said!
Cap and trade will die and HCR will die. We can all breath a little easier after that happens. We may be able to keep a little bit of the money we work. Hopefully Obama will onlt take some of our money to distribute to the poor and lazy, otherwise known as his voting base.
Republican 4 life (Sent Tuesday, July 07, 2009 10:02 AM)

-----------------------------------------------------No sir it was the smart intelligent people of american that voted obama in it was a multicultural mix of people poor, rich , all races and creeds!!! Now my guess is that you come from the south somewhere probably like Texas, louisanna, or maybe even Missisippi.  Gee do you have a background in not liking people of your own crowd!!!!!
Sean, la-----
My real name is Timothy Miller, now what are you going to do about it? Nothing!
Palin is threating to sue a reporter in Alaska and she even threaten MSNBC and the Huffington Post about reporting news. This woman is CRAZY. Hell does she think that people don't have a right to discuss her?

What if each African American sued her ass for the boarder line racist rhetoric she spewed during the campagin. What if the President threaten to sue her ass for the "out right lies" she told on him. He was a terroist? What if each African American and Latino sued Rush Limbaugh and Newt for their racist rhetoric?

Actually...that wouldn't be such a bad idea. Whats good for the goose, is good for the gander. I think I'll bring this up to Rev. Sharpton. I am sure that MSNBC isn't going to allow this fruit cake to get away with her threats. They are really trying to bully this reporter.

Here's on for ya Sarah. I think that you are under investigation for extortion. You abused your power as Governor, your husband doesn't have a place in your administration unless you actually put him on the "payroll" to work for you and even then it wouldn't be legal...more like a conflict of interest.

I think that you had to resign. Be nice if someone actually poked around
I wish all the people who say that they hate Obama or his policies admit that they hate this country and Move out. Obama is the First person behind the flag and can see what you in the rear cant. Let me tell you being close to that flag is no easy task, notice not a game. If you love this country then you love and support who is first behind the flag to catch it  and them if the flag waivers. The idea of AMERICA is to agree on Liberty, Justice, Self Happiness while debating through non-violence and intense discussions our differences on how to get there. Sarah Palin is a women who gave up her life to serve, we may not agree with all that she does or say but we should respect the fact that she made a sacrifice to serve. Please stop looking for a smoking gun we all have flaws and History will prove if those flaws damaged us or somehow made us great. Whatever your thought are on other people you should first take a look at you and figure out what you can change that may affect another persons life or the change that we seek. Remember GOD doesnt care about what you want, there is knowlege of that. The question is how well do you do with what you got.
Hopefully Obama will onlt take some of our money to distribute to the poor and lazy, otherwise known as his voting base.

Republican 4 life (Sent Tuesday, July 07, 2009 10:02 AM)
--------------------------------------------------------
You should do some research. According to exit poll information, 52% of those making over $200k a year voted for President Obama. So that means the majority of the "rich" people in this country voted for President Obama. That hardly qualifies as poor and lazy!

You might also want to look into something known as the "working poor." Those are the people in this country that work one or more job, but can't get above the poverty level. They also voted overwhelmingly for President Obama. They are hardly lazy!

As long as the republican party continues to fail to see the real world for what it is, and makescomments about socialism, communism, and lazy people wanting handouts being the ones that voted Obama into office, they will continue to struggle to find votes!
Well everyone, I won't be out here at 10:00 A.M. CST I will be attending MJ"s memorial services.


SEND A COMMENT

PLEASE READ: All comments must be approved before appearing in the thread; time and space constraints prevent all comments from appearing. We will only approve comments that are directly related to the blog, use appropriate language and are not attacking the comments of others.

Message (please, no HTML tags. Web addresses will be hyperlinked):

TRACKBACKS

Trackbacks are links to weblogs that reference this post. Like comments, trackbacks do not appear until approved by us. The trackback URL for this post is: http://firstread.msnbc.msn.com/trackback.aspx?PostID=1988175

First Read e-mail alerts


Sign up for First Read alerts
The first place for key political news and analysis

Syndicate This Site

Add First Read to your news reader:
live.com xml
myyahoo msn
bloglines newsgator
google