economy

Democrats have been using a two-pronged tax attack on Republican Mitt Romney – one part policy, one part personal to help Obama capture the pivotal support from middle class voters.  Led by Barack Obama and Harry Reid, the Democrats have been acusing Romney for seeking to protect tax cuts for the wealthy and for refusing to release more information [...]

The November election is fast approaching, and even Saturday Night Live acknowledges how pivotal this juncture is for the future of America.  They offered a humorous look at the questions that undecided voters may still have. While outrageous, it does illustrate how important the so-called undecided vote matters. The media has focused on Mitt Romney describing almost [...]

We all have friends that are politically clueless.  As we scroll through their tweets and social media posts we see and hear them parroting back what they hear from the corporate mainstream media -  how idiotic and greedy Mitt Romney is and how ignorant he is to everyone except the 1%.  I am aware that [...]

The Federal Reserve announced that it would buy $40 billion every month in mortgage-backed securities until the labor market improves substantially.  The program, dubbed “QE3″, was called a “revolutionary shift in the Fed’s policy reaction function,” by senior economist at BMO Capital Markets in Toronto, Michael Gregory.  Helicopter Ben Bernanke’s new economic stimulus plan involves printing vast sums of [...]

At the 2012 Democratic National Convention, Barack Obama made his case to the American people for a second term by touting his experience as a steady leader in the face of overseas crises and mocked Mitt Romney as “new to foreign policy.” Lets not forget that last time around it was the president who was criticized for being [...]

Months of tension erupted into open hostility last night when the president of the Chicago Teachers Union, Karen Lewis, called for work stoppage in the nation’s third-largest district, closing classrooms for about 400,000 students.  The Chicago Public Schools (CPS) officials claim they are only seeking a “fair” contract.  Fair.  Everyone can agree that children should [...]

How ironic, the U.S. national debt blows by a historic $16 Trillion during the Democratic National Convention (DNC).  U.S. government debt reached $16 trillion for the first time after rising $1 trillion since November, according to Treasury Department data.  The Democratic Party’s 2012 platform calls for future deficit reduction to exclusively come from tax hikes on [...]

The main event, Obama’s acceptance speech, is scheduled for the 74,000-seat Bank  of American Stadium.  Four years ago, when Obama gave a similar open-air speech  at an NFL stadium in Denver he drew an energized, enthusiastic crowd of 80,000.  Steve Kerrigan, head of the DNC convention, said at a Monday morning press conference, “[The speech] [...]

A  standard question of modern presidential elections is “Are you better off”, and how has the middle class been affected?  At least by the numbers, Americans are not better off than they were four years ago:  the middle class has been crushed, unemployment remains high, incomes have fallen, and gas prices have doubled.  Vice President [...]

Though the Democrats do not think THE question of this election is the same question that Ronald Reagan posed in 1980: “Are you better off now than you  were four years ago?”, it undoubtedly will play a key factor in who will reside in the White House in 2013.  While the Democrats admit that the recovery [...]