January 2012
14 posts
4 tags
The Biggest Risk to the Economy in 2012, and...
Treasury Secretary Tim Geithner, speaking at the World Economic Forum in Davos a few days ago, said the “critical risks” facing the American economy this year were a worsening of Europe’s chronic sovereign debt crisis and a rise in tensions with Iran that could stoke global oil prices.
What about jobs and wages here at home?
As the Commerce Department reported Friday, the U.S....
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Why No Responsible Democrat Should Want Newt...
Republicans are worried sick about Newt Gingrich’s ascendance, while Democrats are tickled pink.
Yet no responsible Democrat should be pleased at the prospect that Gingrich could get the GOP nomination. The future of America is too important to accept even a small risk of a Gingrich presidency.
The Republican worry is understandable. “The possibility of Newt Gingrich being our nominee...
Who is Sheldon Adelson and What Has Newt Promised...
Sheldon Adelson, the billionaire casino owner, is now the poster boy for what’s terribly wrong with our campaign-finance system. Adelson, you may recall, had, before the South Carolina Republican primary, donated $5 million to the pro-Gingrich Super Pac “Winning Our Future” – giving Newt a pile of money for negative advertising against Mitt Romney in South Carolina.
Adelson has done it again. He...
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The State of Our Disunion: A Globalizing Private...
Who should have the primary strategic responsibility for making American workers globally competitive – the private sector or government? This will be a defining issue in the 2012 campaign.
In his State of the Union address, President Obama will make the case that government has a vital role. His Republican rivals disagree. Mitt Romney charges the President is putting “free enterprise on...
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The Romney Tax Loophole
After refusing for weeks to release his taxes, Mitt Romney now says he’ll do so — by tax day, April 15. But the real news is what Romney has now admitted about his taxes.
It’s not how much Romney earns. Everyone knows he’s comfortably in the top one-tenth of one percent.
It’s how much he pays of it in taxes. Romney says he pays a tax rate of “about 15...
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Free Enterprise on Trial
Mitt Romney is casting the 2012 campaign as “free enterprise on trial” – defining free enterprise as achieving success through “hard work and risking-taking.” Tea-Party favorite Senator Jim DeMint of South Carolina says he’s supporting Romney because “we really need someone who understands how risk, taking risk … is the way we create jobs, create choices, expand...
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The Youthful Magic of Ron Paul
South Carolina Republican Senator Jim DeMint, the darling of the Tea Party wing nuts of the GOP, is urging Republican candidates to listen to Ron Paul. “One of the things that’s hurt the so-called conservative alternative is saying negative things about Ron Paul,” DeMint told conservative radio host Laura Ingraham. “I’d like to see a Republican Party that embraces a...
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The Bain of Capitalism
It’s one thing to criticize Mitt Romney for being a businessman with the wrong values. It’s quite another to accuse him and his former company, Bain Capital, of doing bad things. If what Bain Capital did under Romney was bad for society, the burden shifts to Romney’s critics to propose laws that would prevent Bain and other companies from doing such bad things in the future.
Don’t hold your...
How a Little Bit of Good Economic News Can Be Bad...
Two years ago the unemployment rate was 9.9 percent. Now it’s 8.5 percent. At first blush that’s good news for the President. Actually it may not be.
Voters pay more attention to the direction the economy is moving than to how bad or good it is. So if the positive trend continues in the months leading up to Election Day, Obama’s prospects of being reelected improve.
But if you consider the...
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Mitt, Son of "Citizen's United"
First, a confession. If Mitt Romney becomes president I’m partly to blame.
Ten years ago I ran for the Democratic nomination for governor of Massachusetts — which would have given me the opportunity to whip Mitt Romney’s ass in the general election,
I blew it. In the final week of the primary I was neck and neck with the state treasurer, but then my money ran out, which meant...
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The Decline of the Public Good
Meryl Streep’s eery reincarnation of Margaret Thatcher in “The Iron Lady” brings to mind Thatcher’s most famous quip, “there is no such thing as ‘society.’” None of the dwindling herd of Republican candidates has quoted her yet but they might as well considering their unremitting bashing of everything public.
What defines a society is a set of...
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The GOP Ticket in 2012: Romney-Rubio
Since my New Year’s prediction that Obama would select Hillary Clinton for his running mate in 2012 (and Joe Biden would become Secretary of State), I’ve been swamped by requests for my GOP prediction. Here goes.
You can forget the caucuses and early primaries. Mitt Romney will be the nominee. Republicans may be stupid but the GOP isn’t about to commit suicide. The other candidates are...
