Feb 2 2011

Rand Paul Makes First Speech on Senate Floor

With self assurance, eloquence and a soupçon of mild defiance, Senator Rand Paul of Kentucky gave his first speech on the floor of his new legislative home Wednesday, noting that while he would be sitting at the desk of “the great compromiser,” Henry Clay, he would not be taking many cues from the 19th-century Kentucky lawmaker and founder of the Whig Party.

“Henry Clay’s life is at best a mixed message,” said Mr. Paul, who gained national attention during his successful Senate bid by calling for huge — and at the time controversial — cuts to federal spending in the spirit of the Tea Party movement. Mr. Clay, a slave owner, advocated in a complex manner, for the end to the practice, advocating that free slaves be sent back to Africa.

Mr. Paul, in a narrative leading toward his passion hammering away at federal spending, noted that Mr. Clay’s cousin, Cassius Clay, was an “unapologetic abolitionist” who stood with greater moral authority on the matter. “Is compromise the noble position?” Mr. Rand pondered during his remarks. “Is compromise a sign of enlightenment?”

While Mr. Paul noted that the argument over the national debt was not the moral equivalency of the slavery issue that divided the nation, he said: “Many ask, ‘Will the Tea party compromise?’ The answer is of course there must be dialogue and ultimately compromise.”

He added, “The compromise that we as conservatives must acknowledge is that we can cut some money from the military,” which could come about if “liberals” would agree to make cuts in domestic spending.

“As long as I sit at Henry Clay’s desk I will remember his lifelong desire to forge agreement,” he said.

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Dec 13 2010

Tea Party Nation Makes Pick for Republican Chairman

One day after former Gov. Sarah Palin of Alaska declined to throw her hat into the ring to become the Tea Party movement’s choice to lead the Republican National Committee, a leading Tea Party group threw its support behind Saul Anuzis of Michigan.

Judson Phillips, the founder of Tea Party Nation, announced in a statement on Tuesday that he was supporting Mr. Anuzis, a former chairman of the Michigan Republican Party. Mr. Phillips said the leadership race was a critical “battle for the heart and soul” of the party.

“Capturing the chairmanship of the R.N.C. is important to the Tea Party movement,” Mr. Phillips wrote in a letter to the members of his group, one of the largest Tea Party organizations in the country. He added: “We need a conservative in as chair of the R.N.C. If not, we will end up with the same class of G.O.P. knuckleheads that blew it so badly in 2006 and 2008.”

The fight for control of the Republican National Committee has highlighted the tensions and divisions between members of the party’s establishment and newly emboldened activists within the Tea Party movement.

The current chairman, Michael Steele, has not yet said whether he intends to seek a second term, but at least half a dozen potential candidates are said to be ready to run. The outcome of the chairman’s race, which will be determined by the 168 members of the national committee, will offer a window into how the uneasy alliance of the coalitions inside the Republican Party plays out.

The Tea Party Nation does not have a formal vote and it remains an open question how many members of the committee will take their cues from Tea Party leaders. But each of the potential candidates to lead the Republican National Committee are courting support from Tea Party activists.

Reince Priebus, chairman of the Wisconsin Republican Party, became the latest contender for national chairman. A former ally of Mr. Steele, he announced his intention to seek the position in a video message and letter to members of the committee on Monday.

“If you’re looking for someone with an inflated ego or a person who thinks they know it all, that’s not me,” Mr. Priebus said in a video message. “But if you want a conservative who isn’t afraid to stand on principle, be a gracious and inclusive leader and isn’t afraid of hard work, I’d be honored to serve.”

Other potential candidates for the top Republican job include: Gentry Collins, the former political director at the Republican National Committee; Ann Wagner, a longtime Missouri Republican who served as an ambassador to Luxembourg in the Bush administration; Maria Cino, a former Bush administration official, who is supported by former Vice President Dick Cheney; and Mike Duncan, who preceded Mr. Steele as party chairman.

The committee will elect its next leader at its winter meeting in January.

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Dec 11 2010

Tea Party Nation Makes Pick for Republican Chairman

One day after former Gov. Sarah Palin of Alaska declined to throw her hat into the ring to become the Tea Party movement’s choice to lead the Republican National Committee, a leading Tea Party group threw its support behind Saul Anuzis of Michigan.

Judson Phillips, the founder of Tea Party Nation, announced in a statement on Tuesday that he was supporting Mr. Anuzis, a former chairman of the Michigan Republican Party. Mr. Phillips said the leadership race was a critical “battle for the heart and soul” of the party.

“Capturing the chairmanship of the R.N.C. is important to the Tea Party movement,” Mr. Phillips wrote in a letter to the members of his group, one of the largest Tea Party organizations in the country. He added: “We need a conservative in as chair of the R.N.C. If not, we will end up with the same class of G.O.P. knuckleheads that blew it so badly in 2006 and 2008.”

The fight for control of the Republican National Committee has highlighted the tensions and divisions between members of the party’s establishment and newly emboldened activists within the Tea Party movement.

The current chairman, Michael Steele, has not yet said whether he intends to seek a second term, but at least half a dozen potential candidates are said to be ready to run. The outcome of the chairman’s race, which will be determined by the 168 members of the national committee, will offer a window into how the uneasy alliance of the coalitions inside the Republican Party plays out.

The Tea Party Nation does not have a formal vote and it remains an open question how many members of the committee will take their cues from Tea Party leaders. But each of the potential candidates to lead the Republican National Committee are courting support from Tea Party activists.

Reince Priebus, chairman of the Wisconsin Republican Party, became the latest contender for national chairman. A former ally of Mr. Steele, he announced his intention to seek the position in a video message and letter to members of the committee on Monday.

“If you’re looking for someone with an inflated ego or a person who thinks they know it all, that’s not me,” Mr. Priebus said in a video message. “But if you want a conservative who isn’t afraid to stand on principle, be a gracious and inclusive leader and isn’t afraid of hard work, I’d be honored to serve.”

Other potential candidates for the top Republican job include: Gentry Collins, the former political director at the Republican National Committee; Ann Wagner, a longtime Missouri Republican who served as an ambassador to Luxembourg in the Bush administration; Maria Cino, a former Bush administration official, who is supported by former Vice President Dick Cheney; and Mike Duncan, who preceded Mr. Steele as party chairman.

The committee will elect its next leader at its winter meeting in January.

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Nov 2 2010

Exco Chief Makes $4.36 Billion Takeover Bid

By THOMAS KAPLAN 6:32 p.m. | Updated The chief executive of Exco Resources has teamed up with the billionaire oilman T. Boone Pickens and two private investment firms to make a $4.36 billion takeover bid for the natural gas producer, whose stock has slumped 30 percent this year. The offer, announced Monday, is for $20.50 [...]


Oct 23 2010

Genzyme Makes Case That Sanofi Bid Is Too Low

Andrew Pollack, a DealBook colleague, reports: Seeking to fend off a hostile takeover bid by Sanofi-Aventis, the biotechnolgy company Genzyme argued strenuously on Friday that it was worth far more than the $18.5 billion that the French drug maker is offering. Genzyme told investors that its earnings next year would be much higher than Wall [...]


Oct 16 2010

Lisa Murkowski Makes It an Even Senate Race With Joe Miller in Alaska

Polling a race with a write-in candidate — particularly a well-known one — is tricky business when it comes to forecasting how much name recognition will overcome the challenge of not being listed on the ballot. But the latest Rasmussen Reports survey conducted Oct. 13 shows that Republican nominee Joe Miller has just a one [...]