During a June 23, 2009 press conference, President Obama made a very specific promise about what would become the Affordable Care Act the following March. "When I say if you have your plan and you like it," Obama explained, "what I'm saying is the government is not going to make you change plans under health […]
Category: Business
For the first time in years, passage of the farm bill is producing conflict and controversy on Capitol Hill. But even as House Republicans demand $20 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP) that would remove five million people from the food stamp rolls, the Government Accountability Office offered yet another example […]
On Monday, Congressional investigators revealed that Apple has side-stepped billions of dollars in U.S taxes "through a web of subsidiaries so complex it spanned continents and went beyond anything most experts had ever seen." Nevertheless, Tuesday's hearing before the Senate Permanent Subcommittee on Investigations turned into an Apple love fest, with CEO Timothy Cook insisting […]
If there is one area where the White House and Congressional Republicans are in some agreement, it concerns corporate tax reform. President Obama has proposed slashing the statutory rate from 35 to 28 percent while recouping lost revenue through the elimination of corporate tax breaks costing the Treasury tens of billions of dollars each year. […]
Much to the delight of President Obama's conservative naysayers, Politico this morning reported that "the Treasury Department on Wednesday announced plans to sell, almost certainly at a loss, the government's remaining shares of Detroit-based automaker General Motors." Predictably, the right-wing Washington Free Beacon darkly warned "Treasury prepares to lose big on GM bailout" while gloating […]
During the 2012 presidential campaign, Mitt Romney like many of his GOP colleagues insisted that Americans without health insurance can always go to an emergency room. But for some with health coverage--especially Medicare--that ER is the "front door" to an unnecessary hospital admission. And as it turns out, while those filled beds and needless tests […]
Black Friday is the single biggest shopping day of the year. And this Friday, all eyes will be on Walmart, the nation's single biggest retailer and employer. But while the planned protests at 1,000 of the chain's 4,000 locations will keep the focus on Walmart's below-industry standard pay to its 1.3 million associates, the company's […]
While the Romney campaign continues to push its lie about Jeep shifting jobs from Ohio to China, Paul Ryan has been busy trying to hoodwink Buckeye voters with a tall tale about another company saved by President Obama's rescue of the U.S. industry. Recycling a charge Team Romney first introduced in May, the GOP's number […]
It's as if Mitt Romney simply can't help himself. Gripped by an irresistible obsession to become President of the United States, Romney will lie to voters on almost any issue, large or small. And on no point is Romney's compulsion to fabricate more pathological than on President Obama's successful rescue of the American auto industry. […]
What a difference a day makes. On Friday, conservative commentators reacted to the improving jobs picture by accusing the career civil servants at the Bureau of Labor Statistics of cooking the books for President Obama. But just the day before, the Republican stenographers at the Wall Street Journal, CNBC and other right-wing outlets declared modest […]