For months, GOP presidential nominee Mitt Romney has falsely claimed that President Obama "did not cause this recession, but he made it worse." This week, Romney charged that Obama "started off by blaming George Bush, and that worked for a while but, you know, after three and a half years that wears kind of thin." […]
Category: Economy
Tuesday's Politico headline shouting "Mitt Romney camp to attack stimulus" may not be surprising, but it is more than a little ironic. After all, the 2009 American Recovery and Reinvestment Act worked; most economists - including the nonpartisan CBO and some of John McCain's own 2008 advisers - believe President Obama saved the American free-enterprise […]
This week, Rex Nutting of the MarketWatch caused a stir with his analysis correctly showing that federal spending has hardly budged under President Obama, rising at the slowest pace since the Dwight Eisenhower was in the White House. Predictably, James Pethokoukis of the conservative American Enterprise Institute cited the jump in Washington's spending as a […]
When President Obama suggested Monday that private gain does not always equal the public good and maximizing shareholder value is not necessarily a qualification for the White House, Mitt Romney branded those self-evident truths "attacks on the free enterprise system." But if Romney's experience at Bain Capital was the story of the day, the candidates' […]
In the wake of the debt ceiling crisis he helped manufacture last summer, Senate Minority Leader Mitch McConnell boasted it was "a hostage that's worth ransoming" which "also is a new template" for the future. As it turns out, those threats were among the few true words McConnell has uttered. Because while he's promising once […]
For months, Mitt Romney, John Boehner and other Republican leaders have falsely claimed that "President Obama made the economy worse." The same crowd which for years cried that George W. Bush "inherited a recession" accused Obama of blaming his predecessor for the greatest economic crisis since the Great Depression. Now, the GOP has seized on […]
After this week's election results in France and Greece, press, pundits and politicians on both sides of the Atlantic are questioning the future of draconian austerity policies in Europe. As well they should. Euro-region unemployment has reached its highest levels in 15 years. Across the channel, David Cameron's Tories have led the UK back into […]
Mitt Romney is now claiming paternity for President Obama's auto industry rescue that saved over a million jobs nationwide. But while he most certainly isn't the father of a reborn Detroit, the successful 2006 health care reform law he signed in Boston has become Mitt Romney's bastard love child. Americans should give credit where credit […]
Just days after telling college students to borrow money from their parents to start a business (advice his son Tagg took to the tune of $10 million), Mitt Romney offered voters another important lesson. As Romney explained in new video footage of a fundraiser held last month at the estate of pizza mogul John Schnatter: […]
On Tuesday night, the GOP's presumptive presidential nominee Mitt Romney threw down the gauntlet. Declaring the election is "still about the economy - and we're not stupid," Romney warned that "President Obama and I have very different visions." After claiming that "government is at the center of his vision," the Republican offered the Romney Vision: […]