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 […]
Category: Economy
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 […]
The labor movement, as its supporters rightly say, is just the folks who brought you the weekend. Now as Americans mark this Labor Day, it seems that Mitt Romney wants to take it back. After all, the man who said that "corporations are people, my friend" routinely decries the "crony capitalism" of "union stooges." A […]
If for nothing else, you have to give Republican leaders and their conservative echo chamber credit for staying on message. After Paul Ryan famously declared the America was becoming a nation of "makers versus takers," Jeb Bush praised Ryan's defense of "the right to rise" supposedly now under assault. Last week, supply-side propagandist George Gilder, […]
By all appearances, former Florida Governor Jeb Bush hopes use his Republican National Convention address to rehabilitate his brother's shattered reputation. After claiming on Sunday that it was "unbecoming" for Barack Obama to continue to "blame others" for the economic calamity he inherited from George W. Bush, on Thursday Jeb suggested the President should be […]
Financial engineer turned Republican presidential candidate Mitt Romney has boasted for years that "I know how the economy works." Unfortunately for Mitt, global business leaders aren't buying what he's selling. A recent survey of executives around the world found that by a 2 to 1 margin, they believe President Obama be better for the global […]
Cut taxes. Raise defense spending. Balance the budget. That, in a nutshell, is the promise of Mitt Romney's 162-page, 59 point economic plan. But if that refrain sounds hauntingly familiar, it should. After all, Ronald Reagan, George W. Bush and the leading lights of the Republican Party have been repackaging that same formula for over […]