October 25, 2012

Economic Uncertainty? You Can Thank Mitt Romney and Republicans

Robert Reich says Mitt Romney offers a question-mark when it comes to his plans for the economy. We’ve heard Romney and Republicans say that businesses are uncertain because of Obama’s big government agenda, but Reich posits that it is Romney who is offering uncertainty. Whether it’s his promise to repeal Obamacare (with no details on what he would replace it with) or his $5 trillion tax cut (with no details on which loopholes he will eliminate), Romney comes up short on specifics.

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October 22, 2012

Federal Deficit: Did Someone Forget How Budgets Work? — It’s Spending AND Revenue

I know there is a line of thinking out there that posits once a president takes office, everything that happens within the federal government is under his control. This line of thinking was no less false when Bush was president then it is now when Obama is president. It’s not about blame, it’s about facts, and when it comes to the federal budget, and more specifically the year-after-year trillion-dollar plus deficits, it seems people need a few lessons.

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October 7, 2012

A Survey Of Small Business Owners Shows Demand Is Key To The Economy

On Sunday’s Up with Chris Hayes, they displayed a graphic showing the results of a survey of small business owners. The survey was conducted by Wells Fargo and the Gallup Small Business Index on September 13, 2012. The context is hiring concerns. What are small business owners thinking about and looking for when it comes to hiring more workers? — Remember, Republican presidential candidate Mitt Romney (and his entire party) believe the biggest concern for small businesses is government regulations and taxation. This survey reveals otherwise:

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October 5, 2012

Jack Welch And The ‘Unemployment Truthers’

Jack WelchAfter the Labor Department released the September job numbers, revealing the unemployment rate dropped to 7.8% (below 8% for the first time during Obama’s presidency), the right-wing lunatic asylum kicked into full-bore conspiracy mode. First we had “9/11 truthers, ” then we had “birth certificate truthers (birthers),” then just last week we had “poll truthers,” and now this week we have “unemployment truthers,” led by former GE CEO Jack Welch.

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October 5, 2012

Unemployment Rate Falls To 7.8 Percent, Ending Another Republican Talking Point

There goes one more Republican talking point against President Obama. Just as Mitt Romney and Republicans can no longer say there are fewer jobs now compared to when Obama took office, they also cannot say the unemployment rate has been above 8% for (x) months. That’s because today the Labor Department released September’s job numbers and the unemployment rate fell to 7.8% from 8.1% in August. It’s the lowest unemployment rate in 44 months, equaling the unemployment rate when President Obama took office. Note that the unemployment rate peaked at 10% later in 2009, so the economy has shown steady improvement for three years.

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