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

A (Very Big) Problem With Robert J. Samuelson’s Political Advice to Romney – [Corrected]

Earlier this week, before the, um, video-recording news broke, it was reported that Romney planned to bring one of those debt clocks to his campaign rallies.  Hmmm, I thought; Obama should return the favor; he should bring a debt clock to his own rallies. A clock that shows what the debt will be under Romney’s […]

Romney in Boca Raton meets Quantitative Easing

OK just to bring it all together, in Boca Raton Mitt Romney demonstrated that he didn’t know the very latest news about quantitative easing. Kevin Drum reads the transcript so we don’t have to On May 17 2012 Romney: Yeah, it’s interesting… the former head of Goldman Sachs, John Whitehead, was also the former head of the […]

Dwight Eisenhower, That Damn Foreigner!

I know some believe that government should take from some to give to the others. I think that’s an entirely foreign concept. — Mitt Romney, yesterday Might Romney consider checking what the income tax rates on the wealthy were during the 1950s and ‘60s? Nah. What was that funny line that Texas Governor Ann Richards […]

Romney’s Dependency on Rightwing Cliché and Errors of Historical Fact Won’t Deliver Him (Political) Recovery

My experience has taught me that government works best when it creates the space for individuals and families to pursue success and achieve great things. Economic freedom is the only force that has consistently succeeded in creating sustained prosperity and lifting people out of poverty. It is why our economy rose to rival those of […]

What is the Economic Middle Class?

My lovely wife shared this link with me on Facebook.  I got into a discussion in comments there with a right winger who suggested that $250,000 was a very reasonable estimate for median income in Boston. As it turns out, median household income in Boston is $51,914, close to the national average, and way below […]

What is Bahrain?

Nick Turse at Tom Dispatch reminds us amid the election flurry… Secretary of State Hillary Clinton was unequivocal in her condemnation. “We have confronted the Russians about stopping their continued arms shipments to Syria,” she said in remarks earlier this year. “They have, from time to time, said that we shouldn’t worry; everything they’re shipping […]

Romney’s Tax Views

by Linda Beale Romney’s Tax Views Lead to Blooper Comments Denigrating America’s Elderly and Poor Most of us who follow tax issues in the news and in political campaigns are aware that GOP candidate Mitt Romney has been very secretive about various items. First and foremost, he has been secretive about his own extraordinary wealth:  […]

Wall Street Rule…Has Someone Noticed the IRS isn’t Enforcing Tax Laws in the Mortgage-Industrial Complex?

Yves Smith continues her look at the Wall Street Rule: Reader Deontos highlighted a post on Reuters by two Brooklyn Law School professors, Bradley Borden and David Reiss, on a subject near and dear to our hearts, the abject failure of the IRS to take interest in widespread, probably pervasive, violations of REMIC, the part […]

About That 47% Figure…

Back in October of 2011, I blogged a bit and Tweeted Chrystia Freeland’s interview with Jeff Immelt. (Thank you again, Felix.) What I didn’t mention, apparently,* is that one of the questions from the floor was a, er, gentleman who declared in No Uncertain Terms precisely what Willard Romney said at that sexcapade on Lon […]