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Archive for July 8th, 2012

Mitt Romney’s Financial Gray Areas

Posted in Main Blog (All Posts) on July 8th, 2012 11:09 pm by HL

Mitt Romney’s Financial Gray Areas
Paul Krugman, New York Times
Once upon a time a rich man named Romney ran for president. He could claim, with considerable justice, that his wealth was well-earned, that he had in fact done a lot to create good jobs for American workers. Nonetheless, the public understandably wanted to know both how he had grown so rich and what he had done with his wealth; he obliged by releasing extensive information about his financial history.But that was 44 years ago. And the contrast between George Romney and his son Mitt "” a contrast both in their business careers and in their willingness to come clean about…

Obama Has Little to Say in the Rust Belt
Michael Barone, DC Examiner
“A step in the right direction.” That's what Barack Obama said in Poland, Ohio, about Friday's Bureau of Labor Statistics unemployment report, which showed only 80,000 net new jobs and unemployment remaining at 8.2 percent.The thought will occur to many, not all of them Obama detractors, that this was at best a baby step. It's not enough to keep up with population growth, much less to restore the low unemployment rates of most of the 1990s and 2000s.Another thought will occur to professional amateur political strategists: Why did the president's campaign schedule…

Republicans Are Failing Us on Economy
Betsey Stevenson, New Republic
Most reporting on today's employment report will lead with the fact that the economy added 80,000 jobs in June. But that number combines two distinct sectors of the economy"”jobs added in the private sector and jobs lost in government. Employment growth in the private sector reflects how businesses feel about the economy. And while the rate of growth is moderate, it is steady and broad-based, with most industries adding jobs.By contrast, the public sector continues to shed jobs. This is the direct result of deliberate policy decisions to get rid of teachers,…