I’m already weary of debunking Republican talking points about President Obama’s stimulus. Now Karl Rove’s SuperPAC has poured $11 million into an ad rehashing the GOP’s favorite talking point about the stimulus, that it …
Economy
Obama, Romney Respond to New Poverty Data
Today the US Census Bureau announced that the nation’s poverty rate remained at 15% in 2011 after increasing each of the previous three year. President Obama and Mitt Romney both responded via online video messages.
How the Clintonites Launched Obamanomics
It’s well known that Barack Obama stocked his Administration with Bill Clinton’s people, including his extremely Clintonesque Secretary of State and all three chiefs of staff as well as most of his top economists and dozens …
In Defense of Romney’s Vagueness
There’s a bit of a panic raging in the conservative commentariat today with twin columns from the Weekly Standard‘s Bill Kristol and the Wall Street Journal‘s editorial board urging Mitt Romney to correct his course. President …
How Anxious Europeans Could Decide the U.S. Presidential Contest
The reactions of everyday Europeans to their predicament could determine the next U.S. President
As Economic Concerns Mount, President Obama Says, ‘The Private Sector Is Doing Fine’
UPDATED
President Obama attempted Friday to improve his chops as an international leader working hard to protect American workers and save Europe from its political dysfunction. But his morning appearance in the White House briefing room is likely to be remembered, instead, for a single sound bite he surely wishes he could take back: …
Voters Are Shortsighted About the Economy (But Not THAT Shortsighted)
A few minutes before 8:30 a.m. on the first Friday of every month, political reporters, Wall Street types and economists go to the website of the U.S. Bureau of Labor Statistics and furiously hit the refresh button. Like teen …
Dire Jobs Report Throws Washington into the Pressure Cooker
It’s bad, man. The May unemployment report released Friday morning didn’t just announce one month of lethargic job growth — 69,000 added, fewer than necessary to even keep up with population growth. The government’s regular …
Mitt Romney’s Ads: Still Wrong on the Stimulus
I’ve been on leave writing a book about the stimulus, so I’ve let others judge the Pants-on-Fire ads and Four-Pinocchio attacks and Solyndra-related nonsense that Republicans have been peddling about the stimulus. It’s …
A Tale of Two Economies: Mitt Romney vs. Republican Governors
The great recession has left the state of Ohio battered and bruised–and Mitt Romney would have you believe it’s Barack Obama’s fault. Writing in the Cleveland Plain-Dealer on May 4, Romney advised Ohioans that the President has …
What You Need to Know About April’s Jobs Numbers
Any way you cut it, the Labor Department’s announcement that the U.S. economy added just 115,000 jobs in April is a disappointment. Economists had been expecting 160,000 new jobs, and even that number is far below the kind of growth our economy needs to get back to full strength in the near term. At the same time, the unemployment rate …
Britain Slumps
Word now comes that Great Britain has slipped back into recession after several years of David Cameron’s austerity experiment. It seems, yet again, that John Maynard Keynes has been proven right. Real Keynesianism–government deficit spending–is essential when economies go bottom up. This can mean more government programs or lower …
Is Obama Really Winning the Economic Blame Game?
In the Monday, April 9, New York Times piece on American Crossroads’ plans to provide heavy air support for Mitt Romney while he resupplies for the general election, the super PAC’s president, Steven J. Law, makes an unusual statement:
Mr. Law said Crossroads research suggests that Mr. Obama’s campaign has started to gain traction
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