Video: Romney promises to abolish ObamaCare in one minute campaign video

Supercommittee gives up, risking $600 billion cuts in Pentagon funding and $1.2 trillion overall - WSJ

• Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Texas) released a joint statement minutes after U.S. markets closed - Roll Call
• "Democrats were unwilling to agree to anything less than $1 trillion in tax hikes, and unwilling to offer meaningful reforms for health-care entitlement spending" - Congressman Jeb Hensarling, Co-Chair of the supercommittee, in the Wall Street Journal
• "The so-called supercommittee was unable to reach agreement because President Obama and Washington Democrats insisted on dramatic tax hikes on American job creators, which would make our economy worse." - John Boehner for USA Today
• USA Today is appalled: "What financially strapped household or business can't figure out a way to save three cents of every dollar it spends?"
• "The fact that the automatic cuts resulting from the panel’s failure would not kick in until 2013 was a key barrier to a deal, said Sen. Rob Portman (R-Ohio). “I think it made it easier to avoid making some of the tougher decisions,” he told reporters Monday." - Washington Post
• "President Barack Obama said that he would veto any attempt by Congress to roll back $1.2 trillion in automatic spending cuts, following failure by a congressional committee to agree on a deficit reduction package." - Washington Wire
• The failure of the Republicans to raise taxes on the rich ends hope for a deal to lower the federal debt - New York Times editorial
• "Either start raising taxes on the middle class or start cutting significantly from the federal budget. Because no one in Washington outside of the real conservatives are willing to do either, the Super Committee, the Budget Control Act, and every statement to every reporter by every leader of either party is all smoke and mirrors." - RedState
• Politico chronicles the behind-the-scenes failure of the supercommittee
• the whole approach of trying to solve our country’s deep-seated fiscal problems with a closed-door, back-room deal is fundamentally wrong - PowerLine
• 'Like Demi and Ashton it seemed doomed from the start' - Fox

Obama's role in supercommittee failure

• "The abiding reality of American politics is that substantial change in Washington is impossible without Presidential leadership. And Mr. Obama does not want to lead on reforming entitlements or reducing the deficit. He is making clear he is running for re-election on a platform of consolidating the expansion of government of his first two years and raising taxes to finance it." - WSJ editorial
• "Obama has said he relishes the prospect of debating the GOP nominee next year on taxes, confident he can portray his opponent as appeasing millionaires and billionaires." - The Hill
• "Obama — burned by the failed deficit-reduction talks with Republicans during the summer debt-ceiling fight — believes that being accused of disengagement is preferable to being lumped with the in-fighting lawmakers who fumbled a chance to reach an agreement by the Monday deadline." - Politico
• "The president’s strategy of not deeply engaging with Congress carries a big risk: that he will be seen as failing to lead on a serious threat to the country’s future, the mounting federal debt." - New York Times
• "Budget deals get done because presidents prod, plead, cajole, demand and threaten... The supercommittee failed primarily because President Obama gave a shrug." - Mike Gerson in the Washington Post

Battle for defense budget will now begin

• GOP presidential candidate Newt Gingrich has repeatedly blasted the super committee, and his spokesman confirmed Monday that he would move to reverse automatic defense cuts if elected president.... as will Romney - Roll Call
• "Defense officials and budget experts say the stage is now set for a prolonged fight in Washington over the specific items to be cut. And the Pentagon has room for some creative accounting that could help soften the impact of the across-the-board budget cuts." - WSJ

Stimulus measures set to expire at year’s end will be next fiscal battle - New York Times

The fundraising arm for House Republicans collected nearly $4.6 million in October, outraising its Democratic rival - USA Today | Hotline

2012 in Brief:

• Gingrich 1.8% ahead of Romney - RCP's polling average
• Newt on OWS: 'They ought to be either getting a job, starting a small business, or going to school' - Weekly Standard
• Gingrich's surge makes Romney nervous - Commentary
• Gingrich passes social conservative test in Iowa - Washington Examiner
• Would Romney's Tough China Talk Survive Election? - NPR
• Candidate Cain boasts of his skill as a businessman, but while he sat on the board of Aquila, a Midwest energy corporation, the company fell apart, even as Cain helped dole out millions in bonuses to its directors - Daily Beast
• Perry: How about a unilateral U.S. no-fly zone over Syria? - HotAir
• Criticizing Obama's national security record will be a tougher sell, according to foreign policy experts - USA Today
• Donald Trump says he'll run as a third party candidate if GOP pick "wrong" person - Politico

David Frum launches new attack on GOP

"When I entered Republican politics, during an earlier period of malaise, in the late seventies and early eighties, the movement got most of the big questions—crime, inflation, the Cold War—right. This time, the party is getting the big questions disastrously wrong." - David Frum in the New Yorker

Rod Dreher agrees in the American Conservative: Crazy GOP partying like it’s 1989

But, says David Brooks, something is wrong in BOTH parties: "The Democrat and Republican parties used to contain serious internal debates — between moderate and conservative Republicans, between New Democrats and liberals. Neither party does now. The Democratic and Republican parties used to promote skilled coalition builders. Now the American parties have come to resemble the ideologically coherent European ones." - New York Times

• What Is Constitutional Conservatism? - Yuval Levin for NRO

President Obama’s base of support remains solid heading into 2012 - Chris Cillizza in the Washington Post

Obama wants capitalism's fruits but doesn't want capitalists to enjoy their fruits

"At root Barack Obama despises capitalism and its moral underpinnings (rational greed), but in times like these (when the prolongation of his power is at stake) he also yearns for its abundant and beneficial effects. He can’t and won’t ever reconcile this blatant contradiction, and that’s the real root of his current emotional frustration and insults." - Richard Salsman for Forbes

Government regulation is killing compassion - William McGurn in the Wall Street Journal

And finally...

The Daily Caller slideshow on US politicians who've had facial surgery.

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