Relevant and even prescient commentary on news, politics and the economy.

Top Nine Contributors to the Candidates:

Top Nine Contributors to the Candidates: 1. SHELDON & MIRIAM ADELSON, CONSERVATIVE $38.8 MILLION2. HAROLD & ANNETTE SIMMONS, CONSERVATIVE $15.7 MILLION3. BOB PERRY, CONSERVATIVE $12.0 MILLION4. NAT’l EDUCATION ASSC. LIBERAL (3 million members) $5.3 MILLION5. SERVICE EMPLOYEES INTERNATIONAL UNION, LIBERAL (2.1 million members) $3.7 MILLION6. PETER THIEL, LIBERTARIAN $3.9 MILLION7. FRED EYCHANER, LIBERAL $3.7 MILLI […]

Romney Says Two Current Republican Governors Support Obama’s Reelection! Really.

Presumptive Republican presidential nominee Mitt Romney escalated his attacks on President Barack Obama’s welfare waivers Monday, suggesting that welfare recipients make up President Barack Obama’s political “base.” In an interview with USA Today, Romney defended his much-criticized ads, which falsely accuse the president of removing the work requirement in welfare. He insisted that the spots were accurate and […]

Not many flee because of taxes…Dow Jones gets real

by Linda Beale Dow Jones video admits there’s not much other than anecdotal tales that even millionaires readily move from one state to another to avoid taxes OK.  Admittedly long title.  But you get the point.  The anti-tax gurus are forever saying that states (and countries) can’t increase taxes from our historically very low point […]

Medicare Cuts: What is the Fight About?

by Run75411 “Water For Elephants” “carrying water for elephants” is a phrase that means carrying a heavy load, much like carrying a secret that you can’t tell even someone you love wholeheartedly, just as in the end Jacob does for his wife.An elephant drinks 25-75 gallons of water a day far more than any man […]

Is the Growth of Manufacturing Production a Mirage?

by Kenneth Thomas Is the Growth of Manufacturing Production a Mirage? A lot of people lament the decline in manufacturing employment, which has fallen by about 1/3 since 2000. As Upjohn Institute economist Susan Houseman points out in the linked article, we’re talking about 5.5 million lost manufacturing jobs in that time frame. Here’s what […]

Lid Blowing Off Romney Tax Secrecy

by Kenneth Thomas Lid Blowing Off Romney Tax Secrecy Gawker (via Eman at Daily Kos) dropped a bombshell yesterday when it released over 950 pages of confidential documents from 21 Bain Capital-related investment vehicles, all of which Mitt or Ann Romney invested in. It made all 48 documents into a single searchable one here so […]

Guest post: “Mother” of All Bank Frauds Shocks and Awes Regulators

“Mother” of All Bank Frauds Shocks and Awes Regulators,As LIBOR Victims Seek Justice By Jeff McCord of The Investor Advocatewww.the-investor-advocate.comAugust 21, 2012 Many wonder why Federal regulatory precincts are so quiet several weeks following discovery that the London Interbank Offered Rate (LIBOR), a key interest rate determining charges to and earnings by American borrowers, lenders, […]