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Archive for the ‘Economy’ Category

Bloomberg

By Michael C. Bender –  Jun 21, 2012 1:46 PM MT

Mitt Romney’s presidential campaign asked Florida Governor Rick Scott to tone down his statements heralding improvements in the state’s economy because they clash with the presumptive Republican nominee’s message that the nation is suffering under President Barack Obama, according to two people familiar with the matter.

Scott, a Republican, was asked to say that the state’s jobless rate could improve faster under a Romney presidency, according to the people, who asked not to be named.

What’s unfolding in Florida highlights a dilemma for the Romney campaign: how to allow Republican governors to take credit for economic improvements in their states while faulting Obama’s stewardship of the national economy. Republican governors in Ohio, Virginia, Michigan and Wisconsin also have highlighted improving economies.

Scott should follow the advice of the Romney campaign and it won’t undermine his own message, said Mac Stipanovich, a political strategist and lobbyist in Florida.

“This is one of those situations where you could have it both ways and there’s enough truth in it that it would resonate,” Stipanovich said. “It would be better if everybody was singing from the same hymnal.”

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Uploaded by      on Jun 14, 2012

Are you in? https://my.barackobama.com/twochoicesvid
President Obama was in Ohio today to deliver the first in a series of speeches that lay out the clear choice in this election between a vision that moves us forward and creates an economy built to last, and one that would send us backward to the failed policies of the past decade.

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February 20, 2012,  4:52 AM

TPM

Brian Beutler    

If Republicans seem spooked to you these days, here’s why.

President Obama’s political comeback over the past several months aligns neatly with when he began more aggressively attacking the GOP and politicking for economic growth and equality back in September.

But over that same stretch, the economy began moving in the right direction. Indicators of economic growth started moving upward, and the eye-popping indications of economic weakness started moving downward. That’s surely had an effect. And if the trends continue, it augurs very well for Obama in the general election.

Just a quick note that the 2009 spike in new auto sales is attributable to the Cash for Clunkers program, enacted by Democrats when they controlled both houses of Congress.

SOURCE

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Thursday, February 16, 2012 9:28 EST

Raw Story   By- David Ferguson

The number of people seeking unemployment benefits has fallen to its lowest since March of 2008, the Associated Press reported Thursday morning. The national economy added 243,000 jobs in January, lowering the employment rate to 8.3 percent, according to the Department of Labor.

A government report noted that weekly unemployment application numbers have fallen from 361,000 to a seasonally adjusted 348,000. These numbers mean that businesses are laying off fewer workers and that the hiring situation may be improving as the economy struggles to come back to life. This is the fifth straight week that unemployment claims have been down.

The AP says that the economy has added an average of 201,000 jobs per month for the past three months.

A pick-up in retail sales has followed a short holiday slump. While many economists predict that the economy may slow down again as manufacturers have less need to replenish their stores of goods for sale, there is confidence that the economy is gaining its footing, growing at a 2.8 percent annual rate in the last quarter, a full percentage point over the previous quarter.

Nearly 13 million Americans eligible for jobs are currently out of work.

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February 15, 2012

Addicting Info  By

Rick Santorum is currently the poster boy for conservatism and the candidate leading the national polls among Republicans. Every day, Romney gets a little weaker, and Santorum gets a little stronger. And that makes him a threat to be the Republican Presidential nominee who faces President Obama in the general election this fall. But who exactly would the American people really be voting for if they elected Santorum? The answer could make you throw up in your mouth a little bit.

If Americans were to elect Rick Santorum to the Presidency, they’d be electing a second George W. Bush. In fact, Santorum would be even worse. If Rick Perry is the dumber version of Bush, Rick Santorum is the extreme version. According to Congressional Quarterly, Santorum supported Bush policies over 95% of the time from 2001 to 2005. Here is just a sample of the many Bush supported policies that Santorum voted for.

Tax Cuts) Santorum loves tax cuts. In fact, he voted for the 2001 Bush tax cuts, the repeal the Inheritance Tax in 2002, the 2003 Bush tax cuts, and he voted for extending the Bush tax cuts in 2006. These tax cuts are partly to blame for the large deficits created by Republicans that continue to plague our economy today and has contributed to the largest increase in income inequality since the Great Depression. But Santorum would be worse than Bush because he wants to cut taxes even more for corporations and the wealthy.

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Politicking in the Mos Eisley Cantina

Monday 25 April 2011
by: Davidson Loehr, Truthout

Our economic and political mess became more clear once I realized that most of the important political deals take place in the Mos Eisley Cantina. You know the scene from the first “Star Wars” movie in 1977: a dark, smoky bar located somewhere in a twilight zone: a liminal and lawless hideout where the ethically reprehensible is the norm.

We know our elected officials don’t do their political work up in the daylight of our world, because none of the big ticket laws they pass have anything to do with what the majority of our citizens want. There are differences between the two political parties, but they’re differences of degree, not kind. How can it be that the people we elected to serve us routinely sell us out to the highest bidders?

The majority of US citizens are against our illegal invasions of Iraq, Afghanistan, and our bombing of Libya to remove Qaddafi, the brutal dictator we have coddled for decades. And a majority of our citizens would also be against our other four military operations – in Yemen, Pakistan, the Horn of Africa and Columbia – if they knew about them. Most of us were not fooled when President Obama said he unilaterally authorized bombing Libya because his heart bled for the half million citizens Qaddafi will probably kill – though for the past week, it seems we’ve stopped caring. If our hearts really bled that easily for the slaughter of innocents, why didn’t we invade countries that had no oil? And if we think the death of a half million innocents is repugnant enough to demand preventative action, what about President Clinton’s sanctions against Iraq, which caused the deaths of half a million Iraqi children? When asked on US television if she [Madeline Albright, US secretary of state] thought that the death of 500,000 Iraqi children from sanctions in Iraq was a price worth paying, Albright replied: “This is a very hard choice, but we think the price is worth it.” (See here.)

The majority of our citizens want our soldiers brought home now. As John Kerry said to our House Foreign Relations Committee in 1970 about the ongoing Vietnam War: “How do you ask someone to be the last person to die for a mistake?” Today’s answer seems to be that members of Congress do it without much genuine emotion, because wars – whether right or wrong – are immensely profitable for some of the corporations whose lobbyists woo our representatives in dark places. And few if any of their children are going to be in those wars.

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Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.

Joseph E. Stiglitz | Vanity Fair | May 2011

THE FAT AND THE FURIOUS The top 1 percent may have the best houses, educations, and lifestyles, says the author, but “their fate is bound up with how the other 99 percent live.” Illustration by Stephen Doyle May 2011

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow.

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