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

Romney’s association with corporate tax shelter schemes

By Linda Beale Romney’s association with corporate tax shelter schemes Bloomberg’s Jesse Drucker has been doing some research into presidential candidate Mitt Romney and come up with some interesting information–at least for those of us who find corporate involvement in aggressive tax shelter phantom loss generating schemes a worrisome problem. See Drucker, Romney as Audit […]

Attacking Iran…repeat of crazy reasoning?

Peter Beinart in The Daily Beast points us to the crazy nature of our current attitude regarding attacking Iran in The Crazy Rush to Attack Iran. He lists and quotes an impressive series of experts familiar with the the last decades wars, and finally asks: Can you find former military and intelligence officials who are […]

The New York Times confirms that Bain Capital really, really REALLY did not want to lend GM and Chrysler money for their managed bankruptcies. Really.

According to an article in today’s New York Times, Bain Capital was asked to do so, but declined.  Well, actually it was asked to help GM out, and declined. The article recounts much of the controversy concerning Romney’s actual position on a government bailout for the companies back in 2008-09 and his current statements about […]

Even critics of the safety net…

This article in the New York Times (Even critics of the Safety Net) presents a gentle desription of some voter feelings about the political and economic ‘issues’ of this economy and election. I have a lot of different feelings about the description of people interviewed. The current media surrounding the election campaigning does not allow […]

Santorum’s Tax Returns Out

by Linda BealeSantorum’s Tax Returns Out News Sources report Santorum has released tax returns. I’m on my way to San Diego for the ABA Tax Section meeting, so haven’t had a chance to peruse. But a tax rate of around 25-27% for 2007-2010 on income ranging from $659,000 in 2007 to more than a million […]

BREAKING NEWS: Bain Capital Wanted to Lend GM and Chrysler Money For Their Managed Bankruptcies!***

**This appears to be incorrect. It was based on a story that CNBC has now updated. It was “Bain Consulting,” not Bain & Co., that advised the government on re-financing the automobile companies. — klh Ah!  Mystery Solved! Yesterday,in my post, “Crony Capitalism On A Grand Scale“—the title of the post borrowed from an op-ed […]

Newt downsized executive branch staff in the 90’s

I found this link in Sitemeter and am in a quixotic mood. I couldn’t resist chasing it down as I wondered what Free Republic was and how Mike’s material could be used in a debate there. Lifted from comments at Free Republic website regarding Newt’s speech at CPAC earlier this week (and a spirited debate […]

The Secret Money is Shifting to 501c4s

Rick Hasen at Election Law Blog instructs us on super pacs and 501c4s: These days, I probably spend more time speaking to reporters (from as far away as Brazil and Italy) about Super PACs than about any other election law subject. There is a lot of misinformation floating out there about what Super PACs are, […]

Guest post: The Obama Record after 3 years – Jobs and GDP

by Jon Hammond at Econographia Guest post:  The Obama Record after 3 years – Jobs and GDP The performance of the economy over President Obama’s tenure to date has been much discussed in light of the severe contraction that began in December 2007 .. and the policies implemented to correct course and restore growth. As […]

Class warfare or fairness…or what?

But Gingrich seems to have noticed that the key to his South Carolina landslide last weekend was overwhelming support from blue-collar and middle-class Republican voters. With those making between $30,000 and $50,000 a year, Gingrich crushed Romney by 20 points. With those making between $50,000 and $70,000, the margin was 16. But at the top […]