Stripping Away Political Debate, Romney Lied on a Federal Form

By: Monday July 16, 2012 6:19 am

It seems to me that Ed Gillespie made the mistake of telling the truth yesterday about Mitt Romney’s departure from Bain Capital. He said that there “may have been a thought at the time that it could be part time, but it was not part time,” and that “He took a leave of absence and [...]

Romney Camp Tries to Get Retraction of Outsourcing Story, WaPo Says No

By: Wednesday June 27, 2012 1:16 pm

Chalk this up to a textbook example of how to extend a damaging news story. Last week, the Washington Post published an item about Mitt Romney’s time at Bain Capital, and how the firm owned several companies that engaged in the practice of shipping American jobs overseas. The Romney campaign’s initial reaction was almost comical [...]

Romney Hounded By Continuing Revelations About Bain Capital

By: Monday June 25, 2012 8:30 am

You could either read this as Mitt Romney being defined as a soulless corporate raider early enough for him to have trouble reversing it, or the set of stories on Romney’s early career at Bain Capital coming out too early to be a factor in the Presidential race because nobody’s tuning in at this stage. [...]

At Bain, Romney Invested in Companies That Shipped Off American Jobs

By: Friday June 22, 2012 10:55 am

The big story of the day is a deeply reported piece by Tom Hamburger, showing that Mitt Romney’s Bain Capital in many ways invented the cottage industry of shipping US jobs overseas. During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies [...]

Corporations Ask for Tax Amnesty While Hiding Information on Outsourcing

By: Monday August 22, 2011 9:30 am

Corporations want lower taxes on their operations. So do most people, I imagine. The difference is that corporations have the access and influence to make those lower taxes a reality. The major check on corporate power comes from the pressure they get from the people who buy their products. If data on how many jobs [...]

Corporations Shipping Millions of Jobs Out of the US

By: Tuesday April 19, 2011 2:22 pm

The Obama Administration moved forward on a free trade agreement with Panama today, satisfying the final condition put up by Republicans to allow Congressional action on stalled trade agreements with South Korea and Colombia. The White House supplied a fact sheet on the deal. The sticking point with Colombia was the murder of trade unionists [...]

Obama Makes Nice with the Chamber of Commerce

By: Monday February 7, 2011 10:36 am

President Obama just wrapped up a lunchtime speech at the US Chamber of Commerce, and the effort at groveling and currying favor was probably laid on thicker than the butter on the bread rolls: President Obama on Monday pledged that his administration would be a strong partner with business in working to boost the American [...]

US-South Korea Free Trade Agreement Falters

By: Thursday November 11, 2010 8:35 am

President Obama was supposed to waltz into Seoul ready to mark an agreement with South Korea on a trade pact, with enough changes to win over key constituencies. But while this was widely expected, it didn’t happen, with the South Koreans balking at some of the proposed changes. In a sharp setback, the United States [...]

Bullet Dodged: Continuing Resolution Looks Set

By: Tuesday September 28, 2010 9:43 am

Earlier today I despaired that Jim DeMint would force a government shutdown, or a continuing resolution to fund the government that slashed spending on his terms. The Democrats had a bill in the pipeline, but it could have taken (and could still take) 60 hours of debate time to finish it off, and the government [...]

Outsourcing Bill Will Get Senate Cloture Vote Next Tuesday

By: Friday September 24, 2010 2:11 pm

CQ reports that Harry Reid filed cloture today on the anti-outsourcing jobs bill, which would trade tax credits for companies that ship jobs overseas to tax credits for companies that return jobs from overseas to America. Incredibly, the Congressional Budget Office scored this bill as costing $720 million dollars over the ten-year budget window. I [...]

Senate Officially Punts Tax Cut Debate, Readies Outsourcing Bill

By: Friday September 24, 2010 7:10 am

The Senate made it official last night that they would not move forward on the Bush tax cuts until after the election. Here’s the statement from Harry Reid’s spokesman, Jim Manley: “Democrats believe we must permanently extend tax cuts for the middle class before they expire at the end of the year, and we will. [...]

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