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 […]
Category: Economy
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 […]
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 […]
As he has been saying for months, Mitt Romney during Wednesday's presidential debate promised to create 12 million jobs during his first term in the White House. Of course, as with his pledge to close loopholes and deductions to offset his $5 trillion tax cut plan, Governor Romney was silent about how he'll actually do […]
When Mitt Romney slandered the veterans, working families, college students, senior citizens and the rest of the 47 percent of Americans who pay no federal income tax, he didn't just inadvertently smear millions of reliably Republican voters in addition to the Democrats he meant to insult. As it turns out, a majority of upper-income "job […]
Last summer, Federal Reserve Chairman Ben Bernanke testified that if Congress did not act to spur the sluggish economic recovery, the central bank would. Now, more than a year after fleeting GOP presidential front-runner Rick Perry (R-TX) first suggested the "treasonous" Fed chief should be lynched if he followed through on his pledge, Republicans are […]
As Bill Clinton prepares to take center stage at the 2012 Democratic National Convention on Wednesday night, Republicans have mounted a blistering attack on the President's economic plan. His proposal, the GOP warned, was "class warfare" and a "job killer" which will "kill the current recovery and put us back in a recession" and still […]