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

Romney says he likes straight talk. Just not from him.

Washington may not like straight talk, but I do. — Mitt Romney, yesterday Sooo, Governor, about those massive tax cuts for the wealthy ….  You know, including the elimination of all incomes taxes on capital gains and stock dividends, which your running mate’s budget proposal includes?  How, exactly, do you plan to balance the budget […]

New Romney Campaign Ad: Ask Not What Your Medicare Taxes Can Do For THEM, …

A new Romney ad tells older voters to think of it this way: “The money you paid for your guaranteed health care is going to a massive new government program that’s not for you.” — Gail Collins, Middle-Age Blues, New York Times, this evening What?  If current Medicare recipients, and those who will begin receiving it within the […]

Individualism vs. Collectivism: Thanks For the Ammunition, Ann

Ann Romney said in an interview airing Wednesday that her husband has no plans to release additional tax returns, saying “it’ll just give them more ammunition” and insisting that “there’s nothing we’re hiding.” “We have been very transparent to what’s legally required of us. But the more we release, the more we get attacked, the more […]

Does, or did, Romney own shares in the Bain fund that is an owner of HCA (which appears to be engaging in Medicare fraud)?*

During the Great Recession, when many hospitals across the country were nearly brought to their knees by growing numbers of uninsured patients, one hospital system not only survived — it thrived. In fact, profits at the health care industry giant HCA, which controls 163 hospitals from New Hampshire to California, have soared, far outpacing those of most […]

Two Important Op-Ed Pieces Today

I want to draw AB readers’ attention to two of the most important op-ed pieces I’ve read in a while.  They address entirely different, but profoundly important, matters. One is Elizabeth Warren’s piece today in Politico, called Stop riggingsystem against small business. The other is Bill Keller’s column today in the New York Times, called […]

Does Romney Even Know What the Word “Plan” MEANS?

Romney released a new middle class economic plan [today].  [The] plan is called: “Mitt Romney’s new plan for a stronger middle class.” It contains ideas we’ve heard before: more access to domestic energy resources; cutting taxes and capping spending; repealing Obamacare. Mark Hopkins at Moody’s Analytics tells me that it is mostly a set of […]

Romney’s Weird Plan to Decouple Military Spending From National Security Needs and to Tie It Instead to … GDP??

Romney’s plan calls for linking the Pentagon’s base budget to Gross Domestic Product, and allowing the military to spend at least $4 dollars out of every $100 the American economy produces.” — Defense spending to spike $2.1 trillion under Romney, CNN Money, May 10, 2012.) In a post here two weeks ago I noted that […]

Bull In a China Shop

Romney said a Polish leader told him during his visit that his country’s economic philosophy is, “You don’t borrow what you can’t pay back.” The presumptive Republican presidential nominee used the line to draw an implicit contrast with President Obama, saying the world — and, by definition, the United States — should emulate Poland’s economic […]

Culture Indeed Makes All the Difference. (Just not necessarily in the way Romney meant.)

JERUSALEM — Republican presidential candidate Mitt Romney angered Palestinian leaders on Monday when he suggested here that the Israeli economy had outpaced the economy of the Palestinian territories in part because of advantages of “culture.” … Romney said he had studied a book called “The Wealth and Poverty of Nations,” searching for an answer about […]