The Note’s Must-Reads for Tuesday, April 19, 2011

Apr 19, 2011 3:40am

The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com

Compiled by ABC News Digital News Associates and Desk Assistants Jacqueline Fernandez, Jayce Henderson, and Amanda VanAllen

PRESIDENT OBAMA / 2012 ELECTION:
ABC News’ Gary Langer: “2012 Presidential Election: Obama Struggles, Ditto for GOP Lineup”  President Obama has gotten no bounce from his reelection campaign announcement, with his job approval rating dropping by 7 percentage points since January, his personal popularity at a career low and 57 percent of Americans disapproving of his handling of the economy. Yet he leads the potential GOP field. There are chances for the Republicans in next year's elections, with former Massachusetts Gov. Mitt Romney and former Arkansas Gov. Mike Huckabee, in particular, nipping close to Obama in the latest ABC News-Washington Post poll.  LINK

The Washington Post’s Dan Balz and Jon Cohen: “Economic anxiety threatens Obama in 2012, but in poll he edges GOP rivals” Deepening economic pessimism has pushed down President Obama’s approval rating to a near record low, but he holds an early advantage over prospective 2012 rivals in part because of widespread dissatisfaction with Republican candidates, according to a new Washington Post-ABC News poll. LINK

LA Times’ Peter Nicholas: “Obama's Income Drops, but the President is Still a Millionaire, Tax Returns Show” President Obama's income dropped substantially in 2010 from the previous year due to declining book sales, but he is still comfortably in the ranks of the nation's millionaires, his federal tax returns show. The Obama family earned $1.73 million last year, largely from sales of the president's books, "Dreams from My Father" and "The Audacity of Hope." LINK

Washington Posts’ Seth McLaughlin: “Club for Growth Blasts Trump” The Club for Growth, an influential anti-spending group, is warning its followers that potential presidential candidate Donald Trump is a wolf in sheep’s clothing — calling him just another “tax-hiking liberal” and a “king of protectionism” who doesn’t deserve conservative support in the next election. “Donald Trump for president? You’ve got to be joking,” Club for Growth President Chris Chocola said. “Donald Trump has advocated for massive tax increases that display a stunning lack of knowledge of how to create jobs.” LINK

IMMIGRATION:
The Hills’ Mike Lillis:  “Citing Immigration Reform, Liberal House Dem Might not Back Obama in 2012” A liberal House Democrat warned Monday that he could withhold support for President Obama next year if the White House doesn't do more on immigration reform. Rep. Luis Gutierrez, who represents sections of Obama's political base of Chicago, told MSNBC he wants to root for Obama in 2012, but the president's record on immigration reform has left the Illinois Democrat weighing his options. Gutierrez said he remains "undecided" about his favored candidate next year. LINK

PENTAGON:
The New York Times’ Thom Shanker: “Pentagon Inquiry Into Article Clears McChrystal and Aides” An inquiry by the Defense Department inspector general into a magazine profile that resulted in the abrupt, forced retirement of Gen. Stanley A. McChrystal has found no proof of wrongdoing by the general, his military aides and his civilian advisers. LINK

CONGRESS:
The Washington Post’s Jacqueline Trescott: “Washington arts groups anxious over federal funding cuts” A number of Washington arts organizations are reeling because Congress cut the National Capital Arts and Cultural Affairs program by $7 million from $9.5 million in the last agreement for fiscal 2011.The NCACA grants local groups unrestricted funding in place of state appropriations. The program was started in 1985 to fill that gap since the District is not a state. LINK

OTHER:
Wall Street Journals’ Sharon Terlep: “U.S. Hurries to Sell GM Stake” The U.S. government plans to sell a significant share of its remaining stake in General Motors Co. this summer despite the disappointing performance of the auto maker's stock, people familiar with the matter said. A sale within the next several months would almost certainly mean U.S. taxpayers will take a loss on their $50 billion rescue of the Detroit auto maker in 2009. LINK

Politico’s Ben Smith: “Why P.J. Crowley went rogue” To friends, colleagues and even critics, there are few more unlikely candidates than P.J. Crowley to become a free speech martyr and a darling of the left. A veteran of three decades in the Air Force public affairs division, Crowley was a notoriously tight-lipped spokesman for the National Security Council during the Clinton administration and has been viewed for most his career as a guy who, above all, hates to make news. LINK

ABC NEWS VIDEOS:
Sander Levin: “'I Want to Run Again'LINK
Government Belt Tightening? Not So MuchLINK
Will Trump Run for President? LINK

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