President Barack Obama hits the road today through Friday to promote proposals from last night’s State of the Union address. Cedar Rapids is the first stop on his itinerary, which also includes Phoenix, Las Vegas, Denver, and Detroit. All cities are in states Obama hopes to win or at least put in play this November.

Follow me after the jump for links on the president’s Cedar Rapids visit. I will update this post later with highlights and reaction.

Several environmental groups are mobilizing against $5 million in proposed state funding to rebuild the Lake Delhi dam on the Maquoketa River in Delaware County.

A new report underscores how badly Iowa lawmakers screwed up when they missed the chance in 2010 to enact reasonable regulations on “legalized usury,” more commonly known as payday lending.

Last week the Des Moines-based Child & Family Policy Center released “Iowa Kids Count 2010: Trends in the Well-Being of Iowa Children.” Highlights from the report are after the jump. While several indicators showed improvement in children’s health between 2000 and 2010, the economic circumstances of Iowa children and families deteriorated significantly.

Jon Huntsman’s exit from the presidential race leaves five Republican candidates taking the stage tonight for a Fox News debate, co-sponsored by the Wall Street Journal and the South Carolina GOP.

I will update this post later with highlights. I don’t expect Newt Gingrich, Ron Paul, Rick Perry or Rick Santorum to do any real damage to Mitt Romney. Any comments about this debate or the GOP primary campaign are welcome in this thread.

UPDATE: I missed part of the debate, but some thoughts are after the jump.

Governor Terry Branstad delivers his “Condition of the State” address to the Iowa House and Senate this morning. Iowa Public Television will livestream the speech here, and I’ll update this post later with highlights. The governor’s commercial property tax reform plan will be a centerpiece of the address. As part of that plan, Branstad indicated yesterday that he will seek unprecedented limits on local government taxing authority in Iowa.

UPDATE: A few details from the governor’s proposed budget are now below, along with some reaction from Democratic lawmakers. Branstad is asking for a significant spending increase in the 2013 fiscal year.

The Bureau of Labor Statistics released new employment figures yesterday, showing nonfarm payroll employment up by 200,000 in December 2011, and the unemployment rate down slightly to 8.5 percent. Several members of Congress from Iowa cited the news a Their statements are after the jump.

I’ve also enclosed reaction from U.S. Senators Chuck Grassley and Tom Harkin to President Barack Obama’s recess appointments of Richard Cordray to head the Consumer Financial Protection Bureau and three members of the National Labor Relations Board. While Harkin welcomed Cordray’s appointment, Grassley slammed the president for “upending years of Senate practice and legal precedent.” Grassley was among Senate Republicans who filibustered Cordray’s confirmation last month.

Let’s review the most boneheaded moves from the year in Iowa politics.

This thread is not about wrongheaded policy choices. It may be stupid to cut early childhood education programs, kneecap the state Environmental Protection Commission, or pass an “ag gag” bill that would never survive a court challenge. Yet all of those actions carry potential political benefits, since they appeal to well-funded interest groups or a large group of voters.

My top ten list of Iowa politicians’ mistakes is after the jump.

Projects in St. Ansgar, Mason City, Dubuque, Guttenberg, Sioux City and Perry were recognized this year as some of the best examples of sustainable development in Iowa.

Hope dies last for Iowa Attorney General Tom Miller when it comes to reaching a settlement with major lenders accused of foreclosure fraud. He predicted that a deal would be finalized by Christmas, but so far, no deal has materialized. Attorneys general for several major states remain unlikely to abide by any agreement Miller’s working group negotiates.

It’s the season of giving, and the U.S. Environmental Protection Agency just delivered an outstanding present to Americans who breathe air.  

I must be the last Iowa blogger to weigh in on Stephen Bloom’s “Observations From 20 Years of Iowa Life” for The Atlantic.

The Senate defeated Democratic and Republican versions of a balanced budget amendment to the U.S. Constitution today. Details on the votes and statements from Iowa’s senators are after the jump.

There will be a competitive Democratic primary in Iowa Senate district 49. Attorney and small business owner Dorothy O’Brien announced her candidacy today, less than a week after Rita Hart became the first Democrat to declare in this district.

Without Congressional action, a temporary payroll tax cut intended to stimulate the economy will expire on December 31 of this year. Last week the Senate defeated two proposals to extend the tax cut; Iowa Senators Chuck Grassley and Tom Harkin were on opposite sides of both votes.

The U.S. House passed another bill on December 2 seeking to complicate rule-making by federal agencies. Tom Latham (IA-04) and Steve King (IA-05) voted for H.R. 3010, the Regulatory Accountability Act, as did every Republican present. Nineteen House Democrats (the usual Blue Dog suspects) voted with the majority for this bill. Dave Loebsack (IA-02) and Leonard Boswell (IA-03) opposed the legislation, despite having crossed the aisle the previous day to support a different GOP effort to limit business regulations.

Just in time for the busiest shopping weekend of the year, the Iowa Public Interest Research Group released a detailed new report on toy safety.

The non-profit organization Iowa Rivers Revival is accepting nominations through December 20 for the fifth Iowa River Town of the Year award. Details on the award criteria and past winners are after the jump.

Eight presidential candidates are debating tonight at Oakland University in Rochester, Michigan. CNBC is broadcasting the debate beginning at 7 pm central time. Economic issues are supposed to be the focus of the discussion, but I imagine Herman Cain won’t be able to avoid some discussion of the spiraling sexual harassment allegations against him.

Former Massachusetts Governor Mitt Romney has a bit of a home-court advantage in Michigan, where his father was once governor. The Los Angeles Times published a damning report this week about Romney’s business practices at Bain Capital, which used “shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes.” I expect Romney will be asked to comment on that report tonight.

I will update this post later with highlights, but meanwhile use this thread for any comments about the debate or the GOP presidential race.

UPDATE: A few thoughts are after the jump.

Senator Tom Harkin and Representative Bruce Braley introduced legislation today that would levy a small tax on “most non-consumer financial trading including stocks, bonds and other debts,” as well as “all derivative contracts, options, puts, forward contracts, swaps and other complex instruments.”  

The public policy organization representing the Catholic Church in Iowa released its list of 2012 legislative priorities this week, along with a statement on “Labor and the Common Good.”

Governor Terry Branstad promised during last year’s campaign to transform the Iowa Department of Economic Development into a public-private partnership. Yesterday he named 18 leaders of Iowa companies to two new state economic development boards.

The list of appointed board members are after the jump, along with background and the full text of Branstad’s executive order creating the Iowa Partnership for Economic Progress board.

The Crossroads GPS group headed by former George W. Bush spinmaster Karl Rove is spending $160,000 to run a new commercial about Representative Leonard Boswell on television stations in Des Moines and Omaha. Those media markets reach most residents of Iowa’s new third Congressional district, where Boswell will face Republican Representative Tom Latham in 2012.

Like the first commercial Rove’s group ran against Boswell this summer, the new ad is dominated by boilerplate conservative talking points against House Democrats. The transcript and analysis are after the jump.

UPDATE: More recent absentee ballot numbers are here, and a precinct-level analysis of the early voting is here.

Two weeks before the special election in Iowa Senate district 18, the number of absentee ballots requested and returned favored Democratic candidate Liz Mathis over Republican Cindy Golding by a two to one margin. Details are after the jump, along with other recent news about the race.

President Barack Obama went to Las Vegas yesterday to unveil his administration’s latest proposal to help homeowners facing possible foreclosure. About a quarter of all U.S. homeowners are “underwater,” which means their homes are not worth as much as they owe on their mortgages. Nevada has an extremely high foreclosure rate and suffered one of the worst boom-bust cycles in the housing market. It’s also a swing state in presidential elections, which made it a perfect venue for Obama yesterday. I wish his team were putting as much effort into crafting a housing policy that would help people.

A full year has passed since Iowa Attorney General Tom Miller became leader of a 50-state working group to investigate mortgage fraud. In recent months, seven Democratic attorneys general have broken away from efforts to reach a broad settlement with major lenders, as the flaws in Miller’s approach to negotiations have become more clear. This week news broke that the AG working group are offering new concessions in order to reach a deal with financial institutions.

Miller should give up this charade.  

The U.S. House and Senate approved trade agreements with Columbia, Panama and South Korea yesterday. All Iowa Republicans supported each of the three deals, while Iowa Democrats voted against them. Links to roll calls and statements from most of the lawmakers are after the jump.

The U.S. Environmental Protection Agency is demanding that the Iowa Department of Natural Resources take steps to reduce fine particulate matter statewide and especially in the Muscatine area, which has long had some of Iowa’s worst air quality.

Particulates contribute to premature deaths and serious heart and lung diseases, not to mention acid rain and other environmental problems. So it’s disappointing to see state officials react to the EPA message with more concern about the polluters than the public’s health.  

Hope the Bleeding Heartland community has been enjoying the long holiday weekend. The weather couldn’t be more perfect across Iowa. This is an open thread, but I’ve posted a few links that to get the conversation going after the jump.

Salaries for chief executive officers of major U.S. corporations rose sharply in 2010 despite the weak national economy, and various tax-dodging strategies allowed highly profitable companies to pay little or no corporate income taxes. That’s a small taste of the distubring news from the Institute for Policy Studies’ report on Executive Excess: CEO Rewards for Tax Dodging.

Democratic Congressional candidate Christie Vilsack rolled out her first specific proposal to create new jobs last week. The plan to expand apprenticeship programs was light on specifics but heavy on conservative catch phrases.  

Economist Kenneth Rogoff, no liberal, is arguing for a higher inflation target:

President Barack Obama came to Iowa on the first two days of his bus tour through the Midwest, where he hopes to highlight economic issues. He bashed Congress for not being willing to compromise for “shared sacrifice” but didn’t reveal much about his forthcoming plan for improving the economy.

While Bleeding Heartland users discuss yesterday’s straw poll in this thread and Tim Pawlenty’s departure from the scene here, this thread is for any other news on your mind this weekend. Links to some disturbing stories that caught my eye are after the jump.

Defending his veto of a tax measure designed to help lower and middle-income working Iowans, Governor Terry Branstad hinted yesterday that he won’t allow any expansion of that tax credit unless legislators approve corporate income and property tax reform costing more than twenty times as much.

Politicians like to talk in abstractions.

Come to think of it, they like to argue and obfuscate in abstractions, as well. They campaign in abstractions and make abstract pledges until those abstractions turn into something tangible, like a subprime lending crisis or a downgrade from a particular private rating agency.

We spend so much time wading through abstractions that we cannot get to the meat of the issues that face us today. Enough of that.

What really happens in a bad economy? And what is the public's role during these tough times?

Last week’s deal to raise the U.S. debt ceiling in exchange for long-term deficit reduction wasn’t what the doctor ordered to reassure investors. Stock markets around the world dropped sharply today, reflecting fears about lousy economic prospects in the U.S. and abroad.  

The big story of the weekend is Standard & Poor’s downgrading U.S. sovereign debt. Political reaction to that news and other headlines that caught my eye are after the jump.

The U.S. Senate approved the last-minute deal to raise the debt ceiling today by a vote of 74 to 26 (roll call). Iowa’s senators voted no for very different reasons. Democrat Tom Harkin reject the deal he called “a clear and present danger to the fragile, indeed faltering, economic recovery.” Republican Chuck Grassley said the plan “delays meaningful spending reductions, fails to address entitlement spending in a way that will save the programs for future generations of retirees, and leaves open the possibility of tax increases.” The complete statements from by Harkin and Grassley are after the jump.

Yesterday all five Iowans in the U.S. House voted against the debt deal as well. To my knowledge, no other state’s entire Congressional delegation rejected this national embarrassment.

After hailing passage of an austerity plan that will deeply cut domestic spending, President Barack Obama said today, “We’ve got to do everything in our power to grow this economy and put America back to work.” He missed that chance.

LATE UPDATE: Richard Kogan posted a helpful summary on “How the Potential Across-the-Board Cuts in the Debt Limit Deal Would Occur.”

President Barack Obama and Congressional leaders announced a deal on raising the debt ceiling in exchange for at least $2 trillion in domestic spending cuts. The agreement is complicated in many respects, but the gist is that Republicans will get almost everything they have demanded throughout this process (if they are smart enough to accept total victory).

After the jump I’ve posted the ludicrous White House talking points on why this deal is “a win for the economy and budget discipline.” They brag about putting the U.S. “on track to reduce non-defense discretionary spending to its lowest level since Dwight Eisenhower was President,” as if that’s a good thing. No economist would endorse big domestic spending cuts, given the current state of the economy. The deal calls for many of those cuts to happen in 2013 or later, but unemployment is not going down in any significant way before 2013–more likely, it will increase. Some Democrats claim the president will hold the line on extending the Bush tax cuts in late 2012, but that is a sick joke. Obama has no credibility on these issues. Only two weeks ago he said he would reject a $2.4 trillion spending cut plan that did not include any tax increases. Look where he is now, serving up a “sugar-coated Satan sandwich” and thanking Republican leaders for doing their part.

House Speaker John Boehner is trying to sell the deal to the House Republican caucus with this slide show (pdf file). House Minority Leader Nancy Pelosi hasn’t committed to supporting the deal, but I assume a significant number of House Democrats will be stupid enough to go along. Any Democrat who votes for this deal deserves to lose.

I will update this post with comments from the Iowans in Congress as those become available. Recent statements from most of the Iowa delegation are here, along with details on how our representatives in the U.S. House and Senate voted on the debt ceiling proposals offered since Friday.

UPDATE: The deal passed the House easily on August 1, but all of Iowa’s representatives voted against it.