Category: politics

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If conservative billionaires are looking for something else to be mad about, I’d recommend the Romney campaign’s apparent habit of paying about 50 percent more for TV spots than the Obama campaign. That helped line the pockets of the consultants who both recommended the buys and got the commissions for placing the spots, but it… Continue reading Untitled

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The left side of the chart shows the first Bush years. The right is Obama’s. The red line represents the trajectory of private sector jobs, while the blue and green lines represent the trajectory of state and local government jobs. Jobs: Bush’s First Term vs. Obama’s First Term – Business Insider

Romney Avoids Taxes via Loophole Cutting Mormon Donations

Romney Avoids Taxes via Loophole Cutting Mormon Donations

In 1997, Congress cracked down on a popular tax shelter that allowed rich people to take advantage of the exempt status of charities without actually giving away much money.
Individuals who had already set up these vehicles were allowed to keep them. That included Mitt Romney, then the chief executive officer of Bain Capital, who had just established such an arrangement in June 1996.

Blaming China Masks our Real Economic Problems

Blaming China Masks our Real Economic Problems

For the most part, the response of economists to the candidates’ exchange over trade was highly negative. Economists are strong advocates of open, unimpeded trade between nations, and with all that economists have done to promote the idea that specialization and trade is mutually beneficial – an argument with the public that has persisted for hundreds of years how could the candidates regress into this primitive mercantile thinking?

Worth a read.

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My effective tax rate is higher than the 13% that Mr. Romney paid so I think I earned the right to consider him a moocher and a parasite and lecture him on personal responsibility.