The Note’s Must-Reads for Tuesday, October 25, 2011

By Jayce Henderson

Oct 25, 2011 3:09am

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 Jayce Henderson, Jacqueline Fernandez and Desk Assistant Amanda VanAllen

PRESIDENT OBAMA:
Politico’s Jennifer Epstein and Glenn Thrush: “Barack Obama sees opening on mortgage crisis” President Barack Obama flew into America’s foreclosure capital Monday in a desperate bid to revive the housing market — and to make Mitt Romney pay for embracing a hands-off approach to the crisis during a recent debate here. But Obama’s latest plan to reconcile the economy’s most irreconcilable economic issue and help millions of underwater homeowners drew mixed reviews even before Air Force One’s landing gear hit the tarmac in a ravaged metropolis where roughly one in 118 homes is in foreclosure. LINK

The Wall Street Journal’s Jonathan Weisman and Patrick O’ Connor: “Plan Highlights Sharp Political Split” President Barack Obama on Monday went where his Republican White House rivals have so far refused to go. He asserted that Washington should help Americans refinance their mortgages at lower rates. The president’s move to expand an existing, little-used program underscored his administration’s belief that government has a role to play in restoring the health of the nation’s broken housing market. LINK

USA Today’s David Jackson: “Obama calls Congress ‘increasingly dysfunctional’” President Obama said today he will start issuing executive orders to forge new economic policies because “we can’t wait for an increasingly dysfunctional Congress to do its job.” “Where they won’t act, I will,” Obama told a group of homeowners in Las Vegas. Nevada has the nation’s highest unemployment rate — 13.4% — and one of its highest rates of home foreclosures. LINK

The Hills’ Sam Youngman: “President Obama takes fight with GOP to mortgage battleground” President Obama announced new refinancing tools for the nation’s beleaguered homeowners on Monday as the White House sought to turn what has been a political negative for the president into a positive. Obama is facing strong headwinds in his reelection bid because of the economy, which continues to struggle in large part because of the housing crisis. LINK

The New York Daily News’ Alison Gendar: “Obama’s approval rating gets boost in wake of Libyan ex-dictator Moammar Khadafy’s death“  Nothing like the death of a dictator to boost presidential poll numbers. President Obama’s approval rating in Gallup’s popularity tracker went up 6 points in the past week – to 44%. LINK

2012 ELECTIONS / G.O.P.:
ABC News’ Arlette Saenz: “Rick Perry’s Fix: 20% Flat Tax, Cap Spending at 18% of GDP” Texas Gov. Rick Perry tonight, in an op-ed for the Wall Street Journal,  previewed his tax and spending plan, officially called the  “cut, balance and grow” plan, which aims to revamp the tax code, balance the budget, reform entitlement programs and create jobs. “The folks in Washington might not like to hear it, but the plain truth is the U.S. government spends too much. Taxes are too high, too complex,  and too riddled with special interest loopholes. LINK

The Los Angeles Times’ Peter Nicholas: “Obama tells supporters it’s going to be a tough fight“  President Obama  opened an aggressive Western fundraising swing Monday, closing out the day in Los Angeles with an appeal to supporters to prepare for a grueling reelection effort.  At an intimate fundraising dinner in Hancock Park, Obama spoke softly to a few dozen supporters who had paid $35,800 each to greet him. LINK

The New York Times’ Michael Shear and Ashley Parker: “Lectern Gone, Romney Finds More Success” When Mitt Romney crammed for the Republican presidential debates four years ago, he went all out: The campaign built a stage with four lecterns and used senior staff as stand-ins for his rivals, John McCain and Rudolph W. Giuliani. LINK

The Washington Post’s Perry Bacon Jr. and Karen Tumulty: “Rick Perry moves to recharge campaign with flat-tax plan and new hires” The Republican Texas governor is retooling his presidential campaign, shuffling staff and touting a bold but controversial new tax plan, hoping to rebound from a recent plunge in the polls. LINK

OTHER:
The Washington Times’ Stephen Dinan: “Senators fail to follow law on using E-Verify” Sen. John Boozman is co-sponsoring a bill that would require every employer in the country to use the E-Verify program to screen for illegal workers – but until earlier this month, the senator himself wasn’t signed up for the system, thus violating a 1996 law that makes its use mandatory for all congressional offices. LINK

ABC NEWS VIDEOS:
Obama Builds Army of Campaign VolunteersLINK
Can We Elect a Mormon President?LINK

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