The Golden Report

BREAKING: Longtime “60 Minutes” commentator Andy Rooney, who just recorded his final essay for the CBS newsmagazine a few weeks ago, is hospitalized in stable condition tonight after what the Washington Post reports were “serious complications” following minor surgery

WE CAN’T WAIT: President Obama continued his administration’s “We Can’t Wait” initiative today, announcing executive branch actions directed towards helping veterans and students. The Department of Education’s student loan restructuring program will accelerate reforms of the student lending system that were scheduled to go into effect in 2014 with two key elements: capping loan payments at 10% of income and forgiving remaining debt after 20 payments. For veterans, the Administration through the Health and Human Services department announced that they are challenging the 8,000 community health centers scheduled to open as a result of the Affordable Care Act to hire at least one veteran each and providing additional training to transition veterans to careers as physician assistants.

A FLAT TAX: In South Carolina today, Republican presidential candidate Rick Perry announced his much-anticipated tax plan- which Perry calls a flat tax. Two big elements: the plan allows for anyone who chooses to remain within the existing system (the campaign will therefore say that it is not a burden because anyone can “keep their existing tax bracket”) and the Perry proposal would place a 20% cap on individual income taxes.

In an Op/Ed in the Wall Street Journal this morning, Perry introduced his “Cut, Balance and Grow” plan,

“The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The new flat tax preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents.

This simple 20% flat tax will allow Americans to file their taxes on a postcard, saving up to $483 billion in compliance costs. By eliminating the dozens of carve-outs that make the current code so incomprehensible, we will renew incentives for entrepreneurial risk-taking and investment that creates jobs, inspires Americans to work hard and forms the foundation of a strong economy.

My plan also abolishes the death tax once and for all, providing needed certainty to American family farms and small businesses.”

TONIGHT in his first appearance on THE O’REILLY FACTOR, part of the Perry re-introduction and the campaign’s Cut, Balance & Grow roll-out, the Texas Governor had some interesting comments on his 10 weeks in the Republican race, including the series of debates  he has participated in, to date,

“Actually, these debates are set up for nothing more than to tear down the candidates. It pretty hard to be able to sit and lay out your ideas and your concepts with a one minute response. So, you know, if there was a mistake made, it was probably ever doing one of the campaigns [debates] when all they’re interested in is stirring up between the candidates instead of really talking about the issues that are important to the American people,” he said. 

NATIONAL JOURNAL AND CBS NEWS announced today that they are sponsoring a Republican presidential candidates debate in Greenville, South Carolina on Saturday November 12th with a focus on foreign policy and national security. This debate is squeezed in between the debates we already had on the calendar for November: Wed 11/09 in Rochester, Michigan and Tuesday 11/15 in Washington, DC. The NJ/CBS debate will be the 10th of the primary season.

CBS/NEW YORK TIMES POLL out today:

• Cain 25%
• Romney 21%
• Gingrich 10%
• Paul 8%
• Perry 6%
• Bachmann 2%
• Huntsman 1%
• Santorum 1%

Observations on this poll- which is surprising for a number of reasons:

• Herman Cain remains in first place despite a weaker debate last Tuesday and two weeks of critical reporting on the the candidates’ 9-9-9 economic plan

• Newt Gingrich is in third place- he has been in single digits in nearly every other poll this year and has run a disorganized, flustered and even angry campaign

• Rick Perry, who the conventional political narrative suggests is challenging Mitt Romney for the nomination, places fifth in this poll, registering only 6% of the national Republican respondents and behind Rep. Ron Paul

• Jon Huntsman, who went on the Colbert Report last night on Comedy Central, still can’t rise above the 1% mark in a major national poll

PRESIDENT OBAMA JOB APPROVAL RATING: Approve 46%, Disapprove 46%

CONGRESSIONAL JOB APPROVAL RATING: Approve 9%, Disapprove 84%

EUROZONE BALOUT- the latest from BBC News-

“The Polish presidency of the EU has confirmed to the BBC that key meetings have been postponed. The EU’s 27 finance ministers and the 17-nation Eurogroup will not now meet on Wednesday, although a full emergency heads-of-government summit will happen.

This could mean a delay to final announcements on solutions.”

WALL STREET- on the news from Europe, the final hour of trading saw a selloff today, sending major indices lower:

• DOW down 207
• NASDAQ down 67
• S&P 500 down 25

IBM today named Virginia Rometty its next CEO, the first female CEO in IBM’s history. She will begin on January 1st.

FINALLY..If you haven’t yet watched HERMAN CAIN’s new campaign video- released last night- you just have to. It is one of the most bizarre campaign ads you might ever watch. Keep in mind that this candidate leads the CBS News/NYT poll we referenced earlier.

WELCOME to a new look and feel for THE EVENING REPORT. Let me know what you think

HAPPENING NOW: Game Five of the World Series. After four innings. its CARDINALS 2, RANGERS 1

TOP STORY: In Nevada late this afternoon, Pres. Obama announced a new plan for homeowners facing foreclosure or living in homes that are “under water,” easing federal regulations to make it easier for homeowners to refinance their mortgages

As the Washington Post’s ZACHARY GOLDFARB (who had a piece in today’s paper highly critical of the Administration’s housing policy to date) reports tonight, “Housing regulators say that 1 million borrowers might be eligible, but that is only one-tenth of the number of homeowners who need help. And while estimates cited by the administration suggest the average homeowner might save $2,500 per year, other projections from housing regulators were in the range of $312 per year, depending on upfront fees the borrower pays, which may include several thousand dollars in closing costs.”

The housing policy announcement was the first in the Administration’s new “We Can’t Wait” campaign- the new rhetorical theme- replacing the “Pass The Bill” mantra the President has used since the mid-September introduction of the American Jobs Act in a primetime Address to Congress

TOMORROW’S TOP TALKER..TONIGHT.. “Republicans Embrace Twitter for ‘12” by the New York Times’ JENNIFER STEINHAUER:

“It’s a bit of a table turn on Mr. Obama, whose 2008 campaign capitalized on social media in a way that left Republicans bruised and scrambling. Now, after a post-election order from Speaker John A. Boehner that year, House Republicans have embraced Twitter as their karaoke microphone to push their message against the White House bullhorn.

The insta-Tweet has revolutionized rapid response operations that just two years ago relied heavily on cable television, e-mails and news conferences to spread the word of the opposition, which often took a day or two to gain momentum. That time lag could delay the message from taking hold, a result Republicans were eager to undo.”

Republican House members have more than twice as many followers as their Democratic counterparts — about 1.3 million versus roughly 600,000 — and are far more active on Twitter with more than 157,000 individual Twitter messages, versus roughly 62,000 for Democrats.

“The Republicans in Congress are using new media technology to compete for the attention of Beltway reporters,” said Josh Earnest, the White House deputy press secretary. “We use it to compete for the attention of the American people,” he said, pointing to interactive forums that the White House conducts. “These are two different goals.”

At a daily meeting in Mr. Boehner’s office, the communications staff decides what they should be Twittering and blogging about, said Don Seymour, the speaker’s digital communications director. He sits at a desk with one computer for his e-mail and another monitor for his Tweet Deck, his iPad on his lap and a Coke in one hand. A half-dozen televisions show various stations and the House and Senate floors above, where someone might say something that begs for instant reaction.”

THE FULL ARTICLE is a Must-Read

WALL STREET today: All eyes on BRUSSELS two days before 17 European nations meet to reach a decision on a Eurozone bailout, bank restructuring and a solution to the debt crisis in Greece

• DOW up 105
• NASDAQ up 62
• S&P 500 up 16

TUNISIA yesterday held its first elections since the revolution at the end of last year that sparked the Arab Awakening. The widely-watched elections were the first in the region since interim governments took control following the deposition of longtime dictators. Official election results in Tunisia are expected tomorrow- but early returns show that the moderate Islamist party Ennahdha is on track to be declared the victor. This government will draft the country’s new constitution

JOHN PODESTA announced today that he was stepping aside as the President of the liberal think tank Center for American Progress. President Bill Clinton’s former Chief of Staff will remain the Chairman of CAP and also volunteer one-day a week as an advisor to Secretary of State Hillary Clinton, POLITICO reports. Podesta chaired the Obama/Biden transition effort in 2008 and 2009. In 1998, John and his brother Tony Podesta co-founded the powerhouse DC lobbying firm The Podesta Group. CAP’s Chief Operating Officer Neera Tanden will become the next President

MEET THE PRESS Executive Producer BETSY FISCHER and POLITICO reporter JONATHAN MARTIN are engaged, the couple announced on Saturday. Fischer posted to her Facebook page yesterday, “Excited to change my FB status to engaged - can’t wait to marry my best friend Jonathan Martin. Makes me happy every day. A surprise propsal Friday night at the Inn at Perry Cabin on MD Eastern Shore = smiling all weekend.”

ABC POLITICAL REPORTER RICK KLEIN and his wife, Laine Kaplowitz, welcomed their third child, Max Rubin Klein, into the world on Saturday. Klein is co-host of ABC’s midday “Topline” broadcast and a frequent staple of the ABC News Washington bureau (and the Twitterspehere,@RickKlein)

OBAMA Campaign Manager Jim Messina today announced that BRODERICK JOHNSON will be joining the 2012 campaign as a senior advisor and national surrogate. Johnson served as an informal advisor in 2008 but did not join the Administration upon President Obama’s election, instead choosing to go to K Street as a lobbyist. Johnson is married to NPR’s MICHELE NORRIS, co-host of All Things Considered. Norris announced today that she will take a leave of absence while her husband works on the campaign, saying in a statement , “Given the nature of Broderick’s position with the campaign and the impact that it will most certainly have on our family life, I will temporarily step away from my hosting duties until after the 2012 elections.I will be leaving the host chair at the end of this week, but I’m not going far. I will be wearing a different hat for a while, producing signature segments and features and working on new reporting projects. While I will of course recuse myself from all election coverage, there’s still an awful lot of ground that I can till in this interim role.”

RICK PERRY may be preparing for a campaign re-launch. TIME’s MARK HALPERIN reported this morning that Perry was adding new staff to his campaign- including George W. Bush’s 2000 campaign manager JOE ALLBAUGH (who later went on to serve as Administrator of the Federal Emergency Management Agency). Also, the campaign’s first television ads in Iowa are expected to air as early as Wednesday of this week- which will make Perry the first candidate to go up on the air with paid advertisements in the 2012 cycle

FINALLY.. Netflix announced today that it has lost more than 800,000 subscribers over the past three months- after the company initially announced it was splitting its DVD-by-mail and online streaming businesses into two, with a price hike, and then rescinded that decision after public criticism several weeks later

BUT as the New York Times reports in a story tomorrow co-written by media correspondent BRIAN STELTER, the company actually reported good results for the third quarter, “Despite the decline in subscribers, the company did well financially in the quarter. It reported net income of $62.5 million, or $1.16, a share, compared with $38 million, or 70 cents a share, in the year-earlier quarter. Revenue rose 49 percent to $822 million. Both revenue and income topped analysts’ expectations,’ they write. The company also announced today a planned expansion into the United Kingdom and Ireland in 2012.

The story chronicles Netflix’s dramatic rise and fall- all in the course of the last two years, and Stelter describes it as a “cautionary tale for other companies that try to transform to new media from old.”