Obama Signals Victory; Romney Vows Swift Action if Elected -The Road to the White House - Election 2012 - Week 26

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Mitt Romney, the presumptive Republican Presidential candidate, has vowed swift action, if elected in November, to repeal the Patient Protection and Affordable Care Act known as Obamacare.

The signature piece of healthcare legislation signed into law in 2010 and upheld this week , in its entirely, by the Supreme Court has been widely criticized by the GOP stalwart as ineffective in addressing U.S. Healthcare reform.

According to Gallup, as of June 30, 2012 among registered voters President Obama’s national popularity gained a single percentage point this week to 47% and Mitt Romney national popularity dropped two percentage points to 44%.

Obama’s current overall ratings, according to Gallup, gained a single percentage point over the past week to 47% approve of his effectiveness as President and those who disapprove of his effectiveness gained a single percentage points to 47%.

In addition to Race as Gallup points out still plays a predominate role in approval rating among registered voters, healthcare is also a sharply divided issue with political affiliation the dividing line as 68% of Republicans believe Obamacare should be repealed in its entirety as opposed to 7% of Democrats and 23% Independents.  

Obamacare or The Patient Protection and Affordable Care Act unless in part or fully repelled mandates that all citizens by 2014 either purchase health insurance independently or opt in to an employer provided benefit or face penalties known as a tax.  Additionally, The Patient Protection and Affordable Care Act mandates catastrophically or seriously ill citizens cannot be denied benefits, women cannot be charged higher rates and parents can provide coverage for their children to the age of 26.  Also, under the Patient Protection and Affordable Care Act the government guarantees that Health insurance will be available for all.

With the Republican National Convention less than two months away the single most important announcement from the Romney camp will be the choice for his Vice Presidential Candidate.  As only two known candidates, Florida Junior Senator Marco Rubio and Chairman of the House Budget Committee, Wisconsin Representative Paul Ryan are in the vetting process, the question becomes are both these two men ready to assume the presidency should the unthinkable happen?  

The GOP primary season concluded this past week with a final contest held in Utah on June 26. As expected Mitt Romney handily won and added an additional forty delegates to his total.

According to the Wall Street Journal 2012 Delegate tracker total for all candidates have been adjusted. Of the 2286 total available delegates, Mitt Romney has secured 1,512 delegates. At this time Rick Santorum holds 255 delegates, Ron Paul, 158 and Newt Gingrich; 138.

The Republican National Convention is slated for August 27-30, 2012 in Tampa Bay, Florida where GOP Party leaders from each state will officially pledge the delegates awarded during the primary season and former Massachusetts governor Mitt Romney will officially be nominated as the Republican Presidential Candidate.

Haute Tease

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    Gotham PR and Jade Dressler are hosting a private holiday preview event, in New York City, for Brett Johnson, producer, designer, billionaire, to showcase his 2013 Holiday Collection of luxury leathers and shoes.

     
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  • The Future of Transatlantic Relations (Reprinted with Permission)

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    Germany and the United States are deeply linked together: Our joint history has led us through both bright and dark chapters and resulted in the deep friendship we enjoy today. That friendship is based on our shared commitment to personal freedom and dignity, which only a vibrant democracy under the rule of law can guarantee.

     
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    Echo Products, from the London based Technology Company and newest British invasion, has finally created a line of very cool, ultra-sleek, distinctive looking collectible and portable power docking stations for Apple and Android Products.

     
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    The Dow Jones Industrial continued its downward trend falling sharply over the past week unable to rebound from the previous week long tumble as a lackluster July jobs report did little to bolster investor confidence.

     
  • FOXTROT Review - Israeli Official Oscar Entry Delivers Compelling Drama

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    FOXTROT, from Sony Pictures Classics and Bord Cadre Films, brings to the screen a dramatic story of how a series of unfortunate and tragic mistakes initiate its own set of terrible, heartbreaking and irreversible consequences.

     
  • Beltway Insider:Obama Failed Foreign Policy; Election 2016/Super Tuesday; Scalia Funeral; Ray Charles

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    President Obama has remained steadfast in his determination, despite continued opposition from Republican congressional leaders, to fulfill his constitutional duties and nominate and seat a Supreme Court Justice to fill the recently vacated seat held by Associate Justice Antonin Scalia.

     
  • AFI Life Achievement Award Tribute to Diane Keaton Gathers American Film's Finest (Photos)

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    Actor, director, writer, and icon Diane Keaton was honored with the American Film Institute's 45th AFI Life Achievement Award on Thursday, June 8, in an evening filled with laughter, stories, song and surprises at the Dolby Theatre in Hollywood.

     
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    The Guilty, from Magnolia Pictures and Nordisk Film, presents a highly suspenseful, psychological drama, focusing on one suspended on desk duty police officer answering the emergency calls and the one call that becomes the race against time.

     
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    After seven days of rain, Colorado is bracing for the recovery effort in the wake of an apocalyptic storm that left a total of eight dead, hundreds unaccounted for and homes, buildings, bridges and roads washed away.

     
  • ICC Recreational Classes: Japanese-American Kitchen Review – Compliments to the Chef (Shefu ni Sanji)

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    International Culinary Center, ICC, located on Broadway and Grand Street in Manhattan’s SoHo neighborhood is the home to one of the most prestigious culinary programs in the world and occasionally offers recreational classes to home cooks.

     
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    Austrian Wine, Wolfgang Puck and Chef José Andrés recently held an evening of culinary and wine sampling at the ultra-chic SLS Hotel in Beverly Hills benefiting St. Vincent Meals on Wheels.

     
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    A skin care specialist once said, 'the décolletage is the woman's best real estate.' Whether this is true or sexist certain facts remain, a sexy, smooth, décolletage gets noticed and should be part of every woman daily beauty regiment.

     
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    Jane, from National Geographic Studios and Abramorama, tell the amazing story of a young Jane Goodall from the vantage point of age, she reflects on her early days in the jungle, the joys, disappointment, and her unexpected fame.

     
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    CNBC’s “Squawk on the Street” and CNBC’s “Squawk Alley” are Live from the 2019 Milken Institute Global Conference in Los Angeles, CA. The following are the unofficial transcripts of CNBC Exclusive interviews conducted by CNBC’s David Faber.