Obama on ‘The View’, Ron Paul Scales Back, The Bain Question, Veepstakes Reverse Psychology (PM Note)

May 14, 2012 6:30pm

Obama on ‘The View’- Watch Tomorrow at 11 a.m. ET

Same-Sex MarriageWon’t Lead Charge to Repeal DOMA  – While the administration has already stopped defending the legislation, which defines marriage as between a man and a woman, the president said the rest is up to Capitol Hill. “Congress is clearly on notice that I think it’s a bad idea.” http://abcn.ws/JOWtxm

JP Morgan – ‘Best Managed Banks’ –  Hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obama told the hosts of ABC’s “The View” that the bank’s risky bets exemplified the need for Wall Street reform. “JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting,” the president said. “We don’t know all the details. It’s going to be investigated but this is why we passed Wall street Reform.” http://abcn.ws/KHt0EW  (Bruce, Katersky, Ng)

And then there was Mitt -  Ron Paul Scales Back – Ron Paul announced today he wouldn’t campaign in new states, raising the legitimate question of why he’s campaigning at all any more. More from Jason Volack, who has covered Paul’s entire 2012 campaign, and Chris Good, the delegate master – Paul will arrive in Tampa not having won a single state election contest, but holding an outsized number of delegates.

In Nevada, Paul picked up 22 of the state’s 25 delegates despite Romney winning the state’s caucuses Feb. 4 and a similar story in Maine where the congressman picked up at least 13 delegates, which would be a majority of those chosen for the national convention. But that’s not enough to do much more than make noise. Rumors have swirled that Paul plans to leverage his delegate muscle into a major prime time speaking role at the convention, something Paul denies.

Bain Drain or Bain Blowback – Both the Romney and Obama campaigns offered versions of Mitt Romney’s career at Bain today. Obama’s TV ad makes Romney look like some sort of corporate raider with a desolate and deserted factory. Romney countered with a hopeful piece about turning farmland into a job-crating steel mill. Both overlooked some key facts – http://abcn.ws/J63aw0

Obama Hits Romney on Private Equity Past, Passes Hat to Industry – On the same day his campaign launched an attack on Mitt Romney’s record in private equity, President Obama will attend a high-dollar fundraiser at the Manhattan home of one of the industry’s top figures. Hamilton “Tony” James — the president of Blackstone Group, the nation’s largest private equity firm – is hosting a $35,800-a-head dinner for Obama with 60 Democratic allies expected to attend, according to a campaign official. Many in attendance are expected to have ties to the private equity sector. http://abcn.ws/JwALxo

Latino, LGBT Communities Turn Out -http://abcn.ws/JZ45uJ

Obama’s Advice to Barnard Grads -

1. “Don’t just get involved. Fight for your seat at the table.  Better yet, fight for a seat at the head of the table.”

2. “Never underestimate the power of your example.”

3. “Persevere. Nothing worthwhile is easy.”

4. “You can be stylish and powerful too,” Obama said. “That’s Michelle’s advice.”

More form Devin Dwyer – http://abcn.ws/Jcw9PW

Romney Misstates Ease of Same-Sex Adoptionhttp://abcn.ws/JBntyO

VEEPS – Department of Reverse Psychology -

What’s the Bigger Sign that T-PAW Isn’t a Veep Contender  - His public protestations that he doesn’t want  the job or his growth of sideburns? -  (H/T @matthewbjaffe) RT @RachelSB The long Pawlenty sideburns about which @stowydad tweeted. http://bit.ly/JSLNe6

Susanna Martinez Says Some Not-Nice Things About Romney’s Immigration Ideas - http://bit.ly/JZ46yX

JP Morgan Has Ties to Both Parties – Loss Reignites Wall Street Reform Debate – Jamie Dimon might swing left, but Mitt Romney is far and away the favorite political cause of people who work there – http://abcn.ws/JfKEjG

Marital Rift on the Ballot  - Irreconcilable differences may explain why a separated Long Island couple are pitted against each other in a state assembly race. Democrat Michelle Schimel, who currently represents the 16th Assembly district and is running for her fourth term, will face her estranged husband Mark Schimel — once her suitor, but now her opponent — in the upcoming race this fall. Married for 32 years, the Schimels have two children, but separated a year ago. They have yet to formally divorce. Mark Schimel contacted the Nassau County GOP about seeking the Republican nomination to campaign for his wife’s seat several months ago, and the county committee selected him for the Republican nomination last Thursday over two other candidates. http://abcn.ws/KnHkV4   (Arlette Saenz)

Edwards – FEC Told Campaign Hush Money Wasn’t Illegalhttp://abcn.ws/KnHnjJ

Obama Sells Gay Marriage to Pastors – After making his historic remarks on same-sex unions last week, President Barack Obama led a conference call with black church pastors to explain his support for gay marriage, the New York Times reports. The call, which was held with “eight or so African-American ministers,” occurred about two hours after the president’s interview with ABC’s Robin Roberts. http://abcn.ws/JeHGre

You’re Welcome, Mitt. Love, Newt – Gingrich will turn a previously scheduled event into an opportunity to campaign for Mitt Romney, reports Elicia Dover – http://abcn.ws/KnEYUF

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