If an enemy declared war on the American economy, the United States would spare no effort to remove that threat to its prosperity and national security. So it was with Osama Bin Laden, who in 2004 described his goal as "bleeding America to the point of bankruptcy." And as it turns out, by 2020 Uncle […]
Category: Economy
For the second time in as many weeks, an analysis by a nonpartisan agency of Congress has demolished the GOP myth of upper-income taxes and so-called "job creators." Just days before voters headed to the polls, the Congressional Research Service documented that for decades tax cuts for the wealthiest Americans were not correlated to economic […]
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 […]
In an effort to win over auto workers in Ohio and across the Midwest, Team Romney this week unveiled a jaw-droppingly fraudulent ad rewriting Mitt's opposition to the federal bailout that saved the entire industry. But largely overlooked in the shocked response to his bogus claims about Jeep shipping U.S. jobs to China has been […]
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. […]
So Mitt Romney has decided to end his presidential campaign the same way he started it. That is, by lying. During what his aides touted as a "major address" in Iowa Friday, Governor Romney charged that while President Obama "inherited a troubled economy," he "made the problem worse." That's the same long-debunked myth Romney used […]
After campaigning for months on the long ago debunked slander that President Obama "made the economy worse," Mitt Romney is now promising voters a "big change" over the next four years. President Romney's change would be big, all right, just not in the way he is pledging. That's because while a growing number of analysts […]
In the next several days, The Economist newsmagazine will make its 2012 presidential endorsement. Despite its mantra on free trade and free markets, in the past that icon of international business and politics has endorsed both Democrats (Bill Clinton in 1992, John Kerry in 2004) and Republicans (Ronald Reagan in 1980, Bob Dole in 1996 […]
As voters prepare to go to the polls in tightly contested manufacturing states including Ohio, Pennsylvania, Michigan, and Wisconsin, a new study is stark reminder about which party built and is committed to sustaining America's industrial heartland. The new analysis shows Democratic presidents far outperform their Republican counterparts in producing manufacturing jobs. Of course, that […]
Republicans and their media water-carriers are apoplectic about Friday's report showing the unemployment rate dipped to 7.8 percent in September as the U.S. economy added 114,000 new jobs. But while many conservatives have been quick to follow in Richard Nixon's footsteps in accusing the career civil servants at the BLS of cooking the books for […]