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DNC 2012 LIVE: Bill Clinton Speech Was Epic

After Tuesday night's Democratic Party love fest — featuring the likes of Michelle Obama and Corey Booker — how could Wednesday night's DNC be any better?

Two words: Bill. Clinton. 

The Democratic National Convention on Wednesday night will see speeches from big-name Democrats like Barney Frank, Elizabeth Warren, Nancy Pelosi, and everyone's favorite I'm-still-here-guys-and-kind-of-a-big-deal former president, Bill Clinton. The convention will outline the Democrat’s platform and flesh out the themes of Obama’s re-election campaign. 

Still, the DNC will get some hefty prime time competition: The NFL has its opening night tonight, with the defending champions New York Giants facing off against the Dallas Cowboys.

But Bill Clinton knows how to pull a crowd, I can tell you that much. And, after last night, Republicans better hope that Manning and Romo get in a shootout during their game ... because now the big guns are coming out for the Dems.

Also, here's some breaking news Re: Tomorrow's DNC events:  Due to severe Charlotte weather forecasts, President Obama's prime-time Thursday night convention speech will be moved indoors, from the Bank of America Stadium to the Time Warner Cable Arena. The Obama campaign had hoped to relive the glory of the 2008 campaign by drawing 75,000 people to the outdoor stadium speech.

See a full schedule of Wednesday night speakers here.

A Live Feed of the Tuesday speeches is here:

 

PolicyMic will be following the DNC live. Bookmark and refresh this page for all the most recent updates and full analysis.

UPDATE:

Wednesday Recap: Bill Clinton DNC 2012 Speech Was Far From a Ramble, Clinton Shows He Still Has Magic: PM Pundit Dan Cetina reports:

Day two of the 2012 Democratic National Convention (DNC) boasted an impressive array of speakers, including House Minority Leader Nancy Pelosi, Senatorial candidate Elizabeth Warren, and DNC Chairman and Los Angeles Mayor Antonio Villaraigosa. But the expectations were high and anticipation palpable for former President Bill Clinton’s speech that concluded the night’s events.

Tuesday night’s speakers were hard to follow: keynote speaker and San Antonio Mayor Julian Castro poignantly described his grandmother’s immigrant journey from Mexico to America; Massachusetts Gov. Deval Patrick absolutely enthused the crowd with zealous endorsements of President Barack Obama and scathing condemnations of GOP challenger Mitt Romney; and First Lady Michelle Obama was alternately sharp, relatable, funny, and passionate as she sought to bolster her husband’s appeal to the middle class with the delivery of a highly personal story about her husband’s past as an ambitious young leader and advocate for the American people.

Yet even with the thrills of the previous night, Clinton still managed to deliver what was arguably the best oration thus far.

Though some have criticized the speech for devolving into a ramble and dealing too heavily with esoteric policy matters, it was exactly what the DNC needed.

Clinton, the most popular living ex-president, was true to form: a little off-the-cuff and easy to understand, yet willing to shoot straight and discuss complex issues affecting the entire country. While touching almost every major campaign talking point – jobs, the auto industry, congressional gridlock, energy, college costs, health care, the future of the economy – Clinton both bolstered the incumbent’s credibility and undermined the challenger’s with patently Clintonian subtly and humor.

Most importantly, his speech was a necessarily detailed articulation of many Obama policies. Casually eschewing partisan campaign rhetoric for the simple fact that he can, Clinton nevertheless explained the policies behind such legislation as the Patient Protection and Affordable Care Act and clarified certain Republican attacks against Obama, including the infamous and erroneous welfare attack.

In short: he lauded and explained and clarified all while wowing the crowd.

Far from losing his audience, Clinton commanded his listeners’ attention. He made the best case for a second Obama term to date. He showed he hasn’t lost his magic touch. And he may have just worked wonders on Democrats and independents alike.

See Bill Clinton's full DNC speech below.

Wednesday Recap: ICYMI, This Really Was An Outrageous Moment at the DNC: PM Pundit Robert Taylor reports:

It took less than 24 hours after the Democrats kicked off their convention this week in Charlotte to have their "Ron Paul moment." 

After facing criticism from conservatives and Republicans concerning the Democrats' decision to remove "God" and blind acquiesence to Israel from their party platform, the Democrats held a "vote" on the convention floor. After three calls on whether to amend the platform in which the "nayes" clearly outweighed the affirmitive votes, the DNC approved the changes anyway.

It was a truly chilling moment, and the speaker clearly looked nervous as he ignored the democratic desires of the delegates and their loud boos.

As Zerohedge and PolicyMic's John Giokaris reported earlier, this was eerily reminiscent to how the Republicans treated the Ron Paul delegates (and as a matter fact, any grassroots influence in the party) during last week's convention. This couldn't be a more accurate description. I've written frequently about the GOP and how they treated Ron Paul not just last week but throughout his entire presidential campaign and his entire tenure in Congress, and it appears that liberals are beginning to feel a similar sting.

These latest shenanigans from the Democrats help further prove that it's not just the Republicans that are openly hostile to any grassroots movement within their party and should be a wake-up call to progressives and liberals to finally abandon a Democrat Party that has time after time failed to represent them.

The DNC, like the RNC, is playing out to be a dissent-free, carefully scripted coronation of the president. And while the speakers try to differentiate their party from the Republicans and create a false caricature of them to scare loyal liberals into voting for the lesser of two evils, the DNC has so far been predictably absent of any substantial discussion of Obama's record, his policies, and why any honest progressive (or anyone!) should support the president. Attacking the other side, no matter how similar their policies may actually be, is not a fiery rallying cry but the signs of a party desperate to stay in power.

While the media and the rest of the country fawned over Michelle Obama's speech, and Senator Harry Reid once again attacked Mitt Romney over his tax returns and financial records, Obama has been given a free pass and a blank check to sell out his base ... the same base that loudly rejected the platform changes on the convention floor last night.

Just this week, Obama scolded the press for daring to actually report the truth about comments he made last Sunday at a campaign stop in Boulder, Colorado. Obama told the crowd that he would remove all U.S. combat troops out of Afghanistan by 2014 despite the fact that he was in Afghanistan earlier this year to sign a deal to keep U.S. troops there until 2024. When this "off-script" comment was reported, the White House press secretary disavowed the comments, claiming Obama "never said" that in Boulder. Obama directly lied to his swooning base in order to woo them and then had Carney pretend like it never happened. And it's not like the Republicans, who think Obama is some sort of weak peacenick, will call him on it!

Just think about it for a second. For an honest progressive, or even a moderate liberal, who claims to value peace and civil liberties, what do Obama and the Democrats offer other than fearmongering that their Republican "opposition" will be worse? In just under one term, Obama has escalated the war in Afghanistan, launched wars — including hundreds of drone strikes — inLibyaSomaliaYemen, and Pakistan, is intervening in Syria, has repeatedly threatened and sanctioned Iran, has been aggressively prosecuting medical marijuana facilities across the country, claims the right to assassinate and detain U.S. citizens without trial, brags about his personal "kill list," and has deported more immigrants than President George W. Bush did in two terms. And this is the Democratic ticket?

Will there be any mention of these policies at the DNC or by the president himself? Judging by how the Democratic delegates were openly snubbed and ignored by the party elites during the platform vote, I doubt it.

Just like conservatives and libertarians should look beyond the crooked Republicans for the future of their movement, any attempt by progressives to influence the Democrat Party will likely be just as futile. Instead, this would be an opportune time for a radical realignment shift in American politics, a unification of libertarians and the grassroots Right and Left as the party of the Bill of Rights and decentralized government against the Obama-Romney extremist center of war, debt, and an encroaching police state.

Millions of Ron Paul supporters have wisely walked away from the GOP, and here's hoping that this latest act of disdain for their party's supposed base is the straw that breaks liberals' support for a corrupt, and fundamentally unliberal, Democrat Party.

Wednesday Recap: 3 Things Bill Clinton Got Right in His Epic DNC Speech: From PM Pundit Belinda Moreira:

Former President Bill Clinton is a force to be reckoned with. Regardless of whether you love him or hate him, you have to respect someone who is good at what they do.

During his epic Democratic National Convention speech to nominate Barack Obama as the Democratic candidate on Wednesday night, Clinton had some high and low points ... but he 100% hit some major points that needed to be brought up during this convention. 

Here are 3 especially big ones:

1) Cooperation

 

This was one of Clinton’s strongest messages, and he drove it home. There has been little cooperation between Republicans and Democrats, and especially not with Republicans and the president. There has been little room for progression these last four years because of this resistance. As Clinton pointed out, Obama did appoint Republican secretaries of defense, the army, and transportation. It just seems unpatriotic to fight so hard against your president instead of trying to help people prosper.

2) Education 

 

Education is the cornerstone of America. Without educated citizens, our nation would crumble, and we would slowly dwindle away from being any kind of power. The RNC speeches rarely brought up education, but that hasn’t been the case in the DNC. Clinton made an excellent case by turning the discussion towards cutting back on Pell Grants. The famous “Ryan Budgets” that so many have swooned over would cut back on student financial aid, specifically Pell Grants. This would only help increase the already staggering student debt crisis that seems to reach no end.

The auto industry restructuring worked. It saved more than a million jobs, not just at GM, Chrysler and their dealerships, but in auto parts manufacturing all over the country. 

3) Unemployment

Yes, that happened. President Obama has also helped to create millions of jobs, but it just hasn’t been enough. Progress doesn’t happen overnight, and it won’t happen if things like the job plan created by Obama are blocked. Romney has yet to propose any plans of his own to help with are still too high unemployment rate. President Obama has helped create millions of private sector jobs, and that will probably continue to grow if given the opportunity.

Clinton’s speech was a great segue into the final day of the DNC. Each carefully constructed reason made by Clinton to vote for Obama has brought a little more life into a campaign that was starting to seem a bit bleak before this convention. Now we can wait for President Obama to make his grand finale. 

11:29 p.m. Wait. What was Clinton just talking about?

hahahahahaha

11:19 p.m. Bill Clinton now explaining how a jet engine works ... to a blind person ... or something.

This:


And this:


11:09 p.m. This speech, though, is getting a bit long. I think he's off script now, and that was the risk of Clinton ... sort of like Clint Eastwood at the RNC. You don't tell him what to say. It feels like he's giving a press conference. It's kind of not inspiring anymore ... its wonkish.

10:48 p.m. THIS MAN SPITS GOLD

10:48 p.m. "What works in the real world is cooperation." 

10:45 p.m. "What works in the real world is cooperation."

10:44 p.m. Does anyone else believe Bill Clinton goes to bed every night studying constitutional law to see if there's some way he could be president again?

10:39 p.m. "I want a man who had the good sense to marry Michele Obama."

10:39 p.m. "We are here to nominate a president. I've got one in mind." - Bill Clinton

10:35 p.m. Obama will join Clinton on stage. 

10:30 p.m. 


10:26 p.m. "I talk to small business owners ... Not one of them stashes their money in the Cayman Islands."

10:25 p.m. “The Republican vision is clear: ‘I've got mine, the rest of you are on your own.’”

10:23 p.m. "Americans are fighters."

10:17 p.m. Chants of "Warren, Warren" fill the arena ... E Warren shoots them down with a chilly "enough, enough."

10:16 p.m. Elizabeth Warren up now.

10:12 p.m. This happened. She deleted it, but this happened.

Ann Coulter sent a controversial tweet about President Bill Clinton and Georgetown law student Sandra Fluke during the Democratic National Convention on Thursday.

Clinton and Fluke will speak during the second night of the convention in Charlotte, North Carolina. Shortly after 8:00 p.m., Coulter tweeted:

Wow.

10:02 p.m. Sandra Fluke now up.

"I'm here because I spoke out."

"Republicans shut me out on a hearing on contraception. They didn't hear from a single woman."

Sandra Fluke says Ryan would allow "pregnant women to die preventable deaths in our emergency rooms"

 “We've also seen the other future we could choose. It's an America in which a woman cannot be charged more for insurance.”

“In that America, your new president could be a man who won’t stand up to .. any of the extreme, bigoted voices in his party. An America in which you have a vice president who co-sponsored a bill that would allow pregnant women to die avoidable deaths in emergency rooms.”

“An America in which access to birth control is controlled by people who will never use it.”

“An America in which politicians redefine rape, and victims are victimized all over again.”

“That’s not the America that we could be, but not the one that we should be, and it’s not who we are.”

“We’ve also seen another America … an America in which we’d have the right to choose. … An America in which we decide when to start our families. An America in which our president, when he hears that a young woman has been verbally attacked, thinks of his daughters, not his delegates or his donors.”

“Instead of trying to silence her, you invite me here”

“Over the last six months I’ve seen what these two futures look like … Only one, a country in which our president either has our back or turns his back …”

“We talk often about choice. Well ladies, and gentleman, it’s now time to choose.”

9:59 p.m. Good point about that last little segement concerning the fired employess:


9:57 p.m. New Poll: Obama might be struggling among women voters:

For the first time since February, President Obama has slipped to numerically underwater in the polls, according to a new ABC News/Washington Post poll which finds that just 47 percent of registered voters see Obama favorably overall. That number is down 7 percentage points from its peak in April. Meanwhile 49 percent see the President unfavorably.

What's even more surprising is that President Obama's decline in the polls comes amongst a demographic that has traditionally been on his side: women. Amongst registered women voters, Obama has slipped from 57 favorability to 46 percent (and 50 percent unfavorable). That represents Obama's worst performance amongst women voters in ABC/Post polls since he took office.

Every poll must be taken with a grain of salt, as seemingly new polls are released every day. But, what worries Democrats is that Obama had the lowest pre-convention personal popularity of any incumbent president since the 1980s.

But, the good news for the Obama campaign is the Mitt Romney is not doing much better with voters. Amongst both men and women, Romney only has a 40 percent favorability score, compared to 47 percent unfavorability. Romney has not received the post-convention bounce which he was hoping for in the aftermath of the RNC Convention.

Here's a word about the poll methodology: the poll was conducted by landline and cell phone between Aug. 29-Sept. 2, 2012, amongst a random national sample of 1,022 adults and 842 registered voters. Results have a margin of sampling error of 3.5 points for the full sample and 4 points for the sample of registered voters, including design effect.

Big Takeaway: What seems clear here is that although hardly conclusive, the election is going to be close, certainly no walk in the park for Obama.

9:50 p.m. 3 people fired by Bain tell touching stories but that does not make sound policy. It sure does sell though.

9:46 p.m. This is kind of crazy that they would put him up there, a fired employee, such a low stunt. C'mon DNC.

9:45 p.m. Here's the auto bailout video we saw a few minutes ago:


9:41 p.m. I think tonight's DNC speeches have been stiff and boring (personally). PM Pundit Ben Feinblum thinks otherwise: "Republican speeches were from the head and stilted. Democrats, all of them, have incredible heart and connection with the audience."

I'm sure my opinion will change when Bill Clinton hits the stage.

9:37 p.m. A little public union action now. Bob King, President of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) is live.

Some analysts have said the GOP would try and assault Obama on public unions -- forcing it to be the issue of election 2012. Remember the Wisconsin recall vote the Republicans won? The GOP could possibly do the same in the Nov. general election. So far, though, that has not been the case.

9:33 p.m. Random speech praising Obama's ability to save the auto industry. I would love to see someone confront Romney and ask if he would have let the banks/ auto industry fail. The GOP platform emphasizes less government intervention in the economy.

9:28 p.m. This is hillarious: Obama Girl is back:

9:22 p.m. A lot of Spanish going on right now. Kind of hard to translate. 

Christina -- the current speaker -- is like Oprah for Cubans.

More clarification from Sam Perez, who should himself be writing this blog:

9:20 p.m. Still 0-0 in the Giants - Cowboys game. 

9:16 p.m. Clarification -- mostly on my end -- on who Sister Campbell is (she spoke earlier) ((shout-out to Sam Perez)):

See below in the comments for more.

9:13 p.m. The cruel cruel names in this family: daughter kamala ... and mother shamala

9:08 p.m. Kamala D. Harris, Attorney General of California, up now -- introduced by some awesome Journey remix.

Harris is a rising leader in the feminist community.

8:59 p.m. Interesting case of the "God/ Israel" scandal earlier today ... a democratic break-down for the Democrats ... from zerohedge.comEalier today, we learned that the Dems had once again reinstated language into their party platform that recognizes Jerusalem as the capital of Israel as well as the words "God-given" that were removed in this year's platform. However, the 'vote' on this controversial decision (shown in the clip below), brings back vivid memories of the GOP convention's own Ron Paul moment; and must be seen to be believed as the true state of our nation's "democratic process" is once again exposed for all to see. Simply remarkable....

After sharp criticism from Mitt Romney and Republicans, the Democrats have reinstated the language into their party platform that recognizes Jerusalem as the capital of Israel as well as the words "God-given" that were removed in this year's platform.

The platform released by Democrats Monday evening dropped a clause included in the 2008 platform that read: "Jerusalem is and will remain the capital of Israel." That platform went on to say, however, that "[t]he parties have agreed that Jerusalem is a matter for final status negotiations. It should remain an undivided city accessible to people of all faiths."

The party reinstated the 2008 language into this year's platform to "reflect the President's personal view," CBS News has learned.

Israel maintains that its capital is Jerusalem, but the United States and other nations maintain embassies in Tel Aviv because East Jerusalem is contested by the Palestinians, who see it as a potential capital for their state.

Here's what they said about it: 

CNN’s Wolf Blitzer: “This Is Going To Cause Some Angst Out There I Suspect.” (CNN’s “Situation Room,” 9/5/12)

Democratic Strategist Paul Begala: “Beyond Awkward. … Embarrassing. … Stupid. … An Unforced Error…” BLITZER: “I guess maybe it sounded even if you will. But what do you think?” BEGALA: “Beyond awkward. It's embarrassing. It's stupid. It's an unforced error by my party.” (CNN’s “Situation Room,” 9/5/12)

BuzzFeed’s Zeke Miller: “Unexpected Procedural Chaos.” “The Democratic National Convention dissolved into unexpected procedural chaos Wednesday afternoon when the party sought to placate critics and insert language pledging allegiance to an undivided Jerusalem.” (Zeke Miller, “Chaos As Democrats Try To Put Jerusalem, God Back In Platform,” BuzzFeed, 9/5/12)

The Washington Post’s Jennifer Rubin: “An Embarrassment For The Obama Campaign.” “The issue, which was finally resolved on the floor of the Democratic National Convention today, was widely seen in pro-Israel circles as an embarrassment for the Obama campaign and a battle that needlessly rekindled mistrust of the administration by pro-Israel groups.” (Jennifer Rubin, “Democrats Forced To Reverse Platform Language On Jerusalem,” The Washington Post, 9/5/12)

CBS New York: “Democrats Fumble Major Israel Issue, Put Jerusalem As Capital In Platform” (CBS New York, 9/5/12)

8:51 p.m. Who was that nun? Kind of random. the DNC Wednesday night seems to have a string of "unknown" speakers. Love them or hate them, you got to hand it to the GOP -- the RNC had big name politicians. Tonight, we're ending the DNC with an un-elected wannabe Massachusetts Senator and a retired president. Got rising stars much, Democrats?

8:49 p.m. The Giants-Cowboys game is 0-0. Who do you think will have a better night? Romo, Manning .... or Clinton?

8:45 p.m. How do voters see Barack Obama in 2012? Four years ago, voters' descriptions of Barack Obama focused on his newness on the political scene and "change" was the most frequently-used positive term. According to a new Pew Research/Washington Post poll released today, the public's descriptions now reflect the mixed views of his presidency: "Good," "trying," "failure," and "incompetent." Read the report

8:41 p.m. Elizabeth Warren set to talk at 10 p.m. -- here are some exerts

EXCERPTS of Massachusetts Senate Candidate Elizabeth Warren’s Remarks to the Democratic National Convention

 

Below are key excerpts of Massachusetts Senate Candidate Elizabeth Warren remarks as prepared for delivery:

“I grew up in an America that invested in its kids and built  a strong middle class.

“That allowed millions of children to rise from poverty and establish secure lives.

“An America  that created  Social Security and Medicare so that seniors could live with dignity.

“An America  in which each generation built something solid so that the next generation could build something better.

“But for many years now, our middle class has been chipped, squeezed, and hammered.”

“President Obama believes in a level playing field.

“He believes in a country where nobody gets a free ride or a golden parachute.

“A country where anyone who has a great idea and rolls up their sleeves has a chance to build a business, and anyone who works hard can build some security and raise a family.

“President Obama believes in a country where billionaires pay their taxes just like their secretaries do -- and I can't believe I have to say this in 2012 – a country where women get equal pay for equal work.”

“Americans are fighters.

“We are tough, resourceful  and creative. If we have the chance to fight on a level playing field -- where everyone pays a fair share and everyone has a real shot – then no one can stop us.

“President Obama gets it – because he's spent his life fighting for the middle class.

“And now he's fighting to level that playing field – because we know that the economy doesn't grow from the top down, but from the middle class out and the bottom up.

“That's how we create jobs. And reduce the debt.

“And Mitt Romney?

“He wants to give tax cuts to millionaires and billionaires...but for middle-class families who are hanging on by their fingernails?

“His plans will hammer them with a new tax hike of up to $2,000.

“Mitt Romney wants to give billions in breaks to big corporations – but he and Paul Ryan would pulverize financial reform, voucher-ize Medicare, and vaporize Obamacare.”

8:32 p.m. Eric Shinseki gets introduced as the Doobie Bros. play in the background. 

He'll discuss veteran issues. 

"Obama understands we have the greatest military in the world and knows that America must care for it's veterans."

Shinseki says there has been a huge expansion of PTSD treatment. But he fails to mention that PTSD has sky-rocketed for this generation of veterans.

8:25 p.m.

EXCERPTS of Co-founder and former CEO of Costco Jim Sinegal’s, Co-founder and former CEO of CarMax Austin Ligon’s and workers formerly employed by companies owned by Bain Capital Randy Johnson, Cindy Hewitt and David Foster’s Remarks to the DNC.

Jim Senegal’s prepared remarks:

“In Tampa last week, we heard all about job creators. But at our company, we recognize that job creation requires time and investment and commitment to the long term. It requires companies that plant and grow, not executives who reap and run."

“America needs to be a nation with the best education system so workers can get the training they need to join or stay in the middle class."

“America needs to be a nation that spurs research and innovation so our products and industries of tomorrow are invented right here at home."

CEO Austin Ligon’s remarks as prepared for delivery:

“As a businessman, I know President Obama understands what it takes to spark economic growth, because I have seen him in action."

8:20 p.m. And here's a taste of Bill Clinton, still to come:

8:17 p.m. ICYMI: Here are the talking points and themes of the night:


8:11 p.m. 

Cecile Richards, head of Planned Parenthood, onstage.

Key Quotes:

"When women aren't on the table, we're on the menu."

"We're fighting for the leaders who fight for us."

"Sometimes it's like we woke up on a bad episode of Mad Men."

"Thanks to President Obama, being a woman is no longer a pre-exisiting condition in America."

8:10 p.m. Sources tell @CBSNews Gabby Giffords is in Charlotte and "is excited to be here." No role in tonight's convention schedule

8:07 p.m. The Elizabeth Warren speech tonight will prove she is a winning Senate candidate:

Elizabeth Warren will address the Democratic National Convention Wednesday during the 10pm hour right before Bill Clinton. The Harvard professor and former head of the Chair for the Congressional Oversight Panel dealing with the Troubled Asset Relief Program is running for Senate in Massachusetts. Her opponent is Republican Scott Brown, who in a 2010 special election, ascended to the seat formerly held by the late Ted Kennedy by upsetting Attorney General Martha Coakley.

One of Warren’s signature issues is regulation of the financial sector, which cratered the global economy in 2007 and 2008 thanks to an orgy of easy credit, and wanton speculation in a poorly regulated and murky derivatives market. In her capacity as chair of the oversight panel, and as a candidate, Warren has been one of Wall Street’s toughest critics. The new Consumer Financial Protection Bureau, which was established to protect Americans from misleading, unfair, and abusive practices by banks, mortgage lenders, credit card companies, payday loan services, and other institutions, is her brainchild.

Even before the financial crisis fully materialized, Warren saw the importance of such an agency. In a 2007 essay for the journal Democracy, she outlined the case for a consumer protection agency for financial products. She began that piece by posing a simple but important question: “Why are consumers safe when they purchase tangible consumer products with cash, but when they sign up for routine financial products like mortgages and credit cards they are left at the mercy of their creditors?” Indeed, even borrowers who make payments on time and abide by all the rules can suddenly find themselves susceptible to hidden clauses that were buried under financial jargon in the contracts they signed.

The CFPB’s mission is to curb these practices by holding lenders to a minimum standard of transparency and fairness in their dealings with customers. Not surprisingly, banks and other financial institutions lobbied furiously against the creation of the CFPB as part of the Dodd-Frank financial reform act that President Obama signed into law in 2011. Banks are in favor of transparency, so long as it’s a one-way street. When a person or business applies for a loan, rest assured, the lender will conduct a full biopsy of that person’s financial records and employment status. 

But when it comes to the products they sell, as far as they’re concerned, the more obscure the better. Banks and other sellers (of anything), do not want to deal with the informed, rational individuals that Adam Smith alluded to in Wealth of Nations, but rather confused consumers who will sign on the dotted line and ask questions later. What made Wall Street's behavior in the lead up to the financial crisis so deplorable is that in many instances financial institutions deliberately mislead customers or omitted crucial information in its dealings with individuals and even other financial institutions

While it remains to be seen how effective the CFPB will be in combating deceitful and abusive lending practices, it’s clear that Elizabeth Warren was ahead of the curve in demanding greater protections for borrowers.  

7:50 p.m. North Carolina Governor Jim Hunt, a hometown favorite, takes the stage.

7:46 p.m. Another short speech with little in the way of theatrics. DNC now showing a video on education featuring "regular" people talking about rising through the ranks through education and the high cost of college.

7:45 p.m. Obama knows that the path to the middle class goes through education.

7:44 p.m. Duncan is touting Obama's accomplishment on education. "No teacher should have to teach to the test." Obama has fought for teachers, and "took the big banks out of the federal student loan program."

7:42 p.m. Slow start to the convention here, no big name speakers, short speeches, not a lot of enthusiasm yet. Things look to be getting going, now that Arne Duncan is on stage to talk about education reform.

7:30 p.m. Agriculture Secretary Tom Vilsack has taken the stage, talking about Obama's commitment to middle America and the Midwest.

7:25 p.m. Ok, here we go. Nancy Pelosi has taken the stage, talking about Citizens United, saying Republicans believe in government of the "privileged few" while Democrats believe in government "for the many."

6:06 p.m. Here's an awesome Flickr photo gallery straight from the DNC, courtesy of our very own Duncan Wolf. 

5:58 p.m. Below are excerpts of President Bill Clinton’s remarks as prepared for delivery:

“In Tampa the Republican argument against the President's re-election was pretty simple:  We left him a total mess, he hasn't finished cleaning it up yet, so fire him and put us back in.

“I like the argument for President Obama's re-election a lot better. He inherited a deeply damaged economy, put a floor under the crash, began the long hard road to recovery, and laid the foundation for a more modern, more well-balanced economy that will produce millions of good new jobs, vibrant new businesses, and lots of new wealth for the innovators.

“The most important question is, what kind of country do you want to live in?  If you want a you're-on-your-own, winner-take-all society, you should support the Republican ticket. If you want a country of shared prosperity and shared responsibility -- a we're-all-in-this-together society -- you should vote for Barack Obama and Joe Biden.”

5:45 p.m. Some of the best quotes from last night:

Cory Booker:


Michelle Obama:


Kal Penn:


Then this, which is just awesome:


5:45 p.m. Live Blog Central – Follow all the speeches and action on Day 2 of the DNC Convention with our amazing team of PolicyMic live bloggers: John DobleLena Kheir,Mythili SampathkumarGrant Ferowich, and Lee Storrow bring you everything you need to know … with their own unique twist. Big prizes will go out to the live blogger with the most views, so choose your favorite!

Some awesome commentary in there.

5:16 p.m. The view outside the DNC, courtesy of our gal on the ground, Sarah Worley:


4:42 p.m. Those visiting President Barack Obama‘s or the Democratic National Convention’s websites last night to catch the speeches on livestream saw the DNC’s own embedded YouTube video with a copyright infringement message.

YouTube has since come out saying the violation on the feed DemConvention 2012 was posted in error.

Wired reports the livestream, which can be found as an unlisted video here or embedded on BarackObama.com and DemConvention2012, showed the copyright error after first lady Michelle Obama’s speech. The message read:

This video contains content from WMG, SME, Associated Press (AP), UMG, Dow Jones, New York Times Digital, The Harry Fox Agency, Inc. (HFA), Warner Chappell, UMPG Publishing and EMI Music Publishing, one or more of whom have blocked it in your country on copyright grounds. Sorry about that.

4:21 p.m. WOW, people loved Clint Eastwood last week at the RNC:

From CBS News: At last week's carefully-planned Republican National Convention, it was Clint Eastwood's convention "surprise" speech that many viewers considered the event's main highlight, according to a new poll by the Pew Research Center.

According to the survey, conducted from August 31 to September 3, 20 percent of people who watched at least a little of the convention coverage cited Eastwood as the convention highlight - whereas 17 percent pointed to Romney.

Eastwood, who spoke directly before Mitt Romney on the convention's final night, attracted some raised eyebrows after delivering his speech, during which he addressed an empty chair meant to symbolize President Obama and spoke several minutes longer than planned..

4:07 p.m. Are you going to believe everything Bill Clinton says tonight? 

Here's a taste of some of his quotes, with a BS meter next to them

C/O Politifact

3:43 p.m. The First Lady gets rave reviews for custom-made Tracy Reese dress she wore when giving convention speech:

The sleeveless dress showed off Mrs. Obama's famously toned arms and the length modestly skirted her knees. She paired the dress with pink pumps from J. Crew and her fingernails were painted a trendy blue-gray.

Reese described the dress as a "silk jacquard in an abstract baroque wallpaper patter" with a bodice in hot pink woven with rust and copper. It's not the first time Mrs. Obama chose a design by Reese, an African American designer who is showing a new collection Sunday during New York Fashion Week.

In an email with the Associated Press, Reese said the first lady "looked incredible and spoke beautifully; I am so honored that she chose to wear one of my designs for such a memorable occasion."

3:28 p.m. Romney Loves Bill Clinton? Even the Mitt Romney Camp is singing Clinton's praises (with a political twist, of course): “When it comes to the state of the economy, President Obama just can’t match President Clinton," said Amanda Henneberg, a Romney campaign spokesperson "Just this week, gas prices set a new record, the national debt topped $16 trillion, manufacturing slowed, and the number of Americans on food stamps hit a record high. Mitt Romney will reverse President Obama’s record of decline and disappointment by passing pro-growth policies that will get Americans back to work.” 

2:59 p.m. Democrats Bring in the Big Guns: Bill Clinton Will Spit Gold Tonight, and Barack Obama Will Cash In:

Bill Clinton is expected to bring the hammer down tonight, in a speech that many analysts are already saying will boost Barack Obama's poll numbers almost immediately. 

We'll have to wait and see if that's right, but it's a good bet none-the-less.

But first the pre-game tonight: Democratic Senate candidate Elizabeth Warren will deliver a 12-minute speech that offers her a crucial opportunity to make the case to Massachusetts voters as to why she deserves their vote over Senator Scott Brown.

She will portray herself as a fighter who "stood strong" on behalf of the middle class to create a consumer protection agency during the financial crisis. Ahead of the speech, the Bay State GOP has prepared a web video with residents of the Cherokee Indian reservation, three hours from Charlotte, which complains about her claim to Native American ancestry.

Then the moment we’ve all been waiting for: All eyes will be on former President Bill Clinton as he reclaims the national spotlight to make the case for President Obama's re-election.

Conservatives are gearing up for their attack on President Obama despite the beloved president's endorsement: (via WSJ) "So as Mr. Clinton tries to lay hands on Mr. Obama and rewrite the history of the 1990s, the real story isn't how much policy the two Democrats have in common. What matters is what they did differently. Bill Clinton learned from the mistakes of his first two years. Mr. Obama has doubled down on his — and, on all available evidence, he will double down again if he's re-elected."

But Clinton is a valuable commodity.

According to a Gallup Poll from July, two-thirds of Americans — 66% — have a favorable opinion of Clinton, tying his record-high favorability rating recorded at the time of his inauguration in January 1993.

Clinton nearly returned to this level of popularity at two points in his second term, but has generally seen lower ratings, averaging 56% since 1993.

It will be up to Clinton and Warren to focus the Democratic message, ahead of President Obama's speech on Thursday. Critics of the Democrat's first convention day charged that the message was unfocused, covering too much ground and touching on too many issues. In contrast to the Republican Convention, which was only about the economy and jobs, Democrats tread on all kinds of social and political issues, from foreign policy to civil rights. But, it will be the economy that takes center stage on Wednesday, with middle-class champion Bill Clinton and consumer protection advocate Elizabeth Warren in the spotlight. 

As Gallup reports, Clinton's popularity could make him one of the more valuable speakers at the 2012 Democratic National Convention, as he will reprises his 2008 convention role as booster-in-chief for Barack Obama.

 

Hillary Clinton's favorable rating was also 66% in Gallup's most recent measure. Obama himself is viewed favorably by 54% of Americans.

Along with his record-high favorable rating, Clinton now has a near-record-low 28% unfavorable rating, according to the July 9-12 Gallup poll. The only times since 1993 that his unfavorable rating has been lower – 26% and 27% – were in January of his inaugural year.

Lets end with this: Bill Clinton spits pure gold, and we can expect Obama to cash in on his predecessor’s speech.

1:55 p.m. Umm, the LA Times headline right now is kind of wildly sexual. 

Just whisper it slow and smooth ... how does it sound. And how do you "subtly hammer" someone/thing?

1:53 p.m. Fun Twitter FactMichelle Obama garnered nearly double the tweets-per-minute during her speech than GOP presidential nominee Mitt Romney. Michelle's speech peaked at 28,003 tweets per minute, while Romney's peaked at 14,289. 

12 p.m. Barack Obama in Trouble? The DNC is seeking to inject fire into what has been a mostly mundane 2012 election, especially on the part of Barack Obama.

This convention will hope to showcase the Democratic big guns, and will attempt to sway moderate voters to the Dem’s side.

The DNC is being held as a majority of voters believe the country is worse off today than it was four years ago and that Obama does not deserve reelection, according to a new poll for The Hill.

Fifty-two percent of likely voters say the nation is in “worse condition” now than in September 2008, while 54% say Obama does not deserve reelection based solely on his job performance.

Only 31% of voters believe the nation is in “better condition,” while 15% say it is “about the same,” the poll found. Just 40% of voters said Obama deserves reelection.

11 a.m. Who is at the DNC? The nearly 6,000 delegates, representing the 50 states, U.S. territories and “Democrats Abroad,” have arrived in Charlotte. They come from everywhere from Alaska to Florida, from Maine to Nevada, and enthusiastically bring their diverse backgrounds, experiences and stories to the Democratic National Convention.

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