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

The Public Learns Disaster Relief Was Etched Out of the Sketch. Uh-Oh.

MITT ROMNEY: “Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further, and send it back to the private sector, that’s even better. Instead of thinking, in the federal budget, what we should cut, […]

So this IS how Romney’s miracle Caymans IRA metastasized! And we also know now how he plans to help the 47% take responsibility for their lives: Nu Skin samples!

Okay, all.  Remember all the speculation last summer about how Romney managed to parlay an IRA in a Cayman Islands bank into an account worth between $20 million and $101 million?  Much of the speculation concerned whether Romney stacked the account with Bain shares and significantly undervalued them as worth less than the maximum yearly […]

Romney, Family Business, Carried Interest, and potential conflicts of interest

by Linda Beale Romney, Family Business, Carried Interest, and potential conflicts of interest Just a quick note this morning on an interesting article in the October 29, 2012 edition of The Nation magazine, Lee Fang, Romney Family Business: Investors in Tagg Romney’s firm, Solamere Capital, could hit the jackpot if his father wins, The Nation […]

Did Romney Begin to Reverse-Etch-A-Sketch Today?

CINCINNATI, Ohio — Mitt Romney tried Thursday to borrow the campaign themes that got President Barack Obama elected in 2008. The Republican nominee repeatedly promised “big change” in Washington, a fresh phrase for him and one that he used more than a dozen times in a 20-minute speech at a rally that kicked off a […]

Romney’s Prescience—a.k.a., The OTHER important point about Romney’s auto-bailout position

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the […]

Binders Full of Battleships, Horses and Bayonets

I loved the horses-and-bayonets rejoinder, and I especially loved that it highlighted Romney’s incessant plucking of irrelevant statistics and misrepresenting what they indicate.  But the line I liked best wasn’t any line that Obama said.  It was this one, said by Romney in his closing statement: I’ll lead you in an open and honest way. […]

Ann Romney’s blind trust had a seeing-eye dog. … Was blind but now can see….

Solamere Capital—named after an exclusive neighborhood in Utah where the family had a vacation home—was incorporated in February of 2008, only weeks after the campaign ended. Its first office address was the Romney campaign headquarters in Boston’s North End. One of its first big commitments was $10 million from Ann Romney’s blind trust… According to […]

Is New York Times columnist Timothy Egan the only one who noticed THIS?

New York Times columnist Timothy Egan writes today: The Mitt Romney of the second debate, to use Mike Huckabee’s memorable phrase, “looks like the guy who fires you.” He exposed, once again, his biggest fault: that he has no idea what it’s like to be middle-class and struggling in 2012 America. To take just a […]

Romney’s "Binders full of women" comment

by Linda Beale Romney’s “Binders full of women” commenteditor’s note:  this is a political commentary and not a tax discussion. When Romney was asked what he could do about the inequity in women’s compensation, he didn’t answer the question.  He tried to turn it to his advantage by telling a story of how he ended […]