WHAT ROMNEY / REPUBLICANS STAND FOR———————————————
“Forgive me for noting that conservatives seem to believe that the rich will work harder if we give them more, and the poor will work harder if we give them less.” – E. J. Dionne
Making the superrich richer does not create jobs.
Romney’s tax plan would save him $5 million next year — To see where the presidential candidates stand on taxing the rich, just look at how they’d tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama’s tax plan. For a man of Romney’s means, that could save almost $5 million a year. For Obama, not so loaded as Romney but still well-off, losing re-election could provide a tax windfall. He’d save as much as $90,000 a year if Romney’s plan were enacted rather than his own tax-the-rich vision. Two nonprofit research groups, the liberal-leaning Citizens for Tax Justice and conservative-leaning Tax Foundation, did the calculations, based on the most recent completed tax returns released by the candidates. Compared with what they owed in April, both men would be dinged in 2013 under Obama’s proposal, along with other wealthy taxpayers. They could expect savings under Romney, depending on which tax breaks the former Massachusetts governor decides to oppose. — NBC Politics / Raw Story
Massachusetts was 37th in job creation when Romney took office and 47th when he left — Senior Romney adviser Ed Gillespie had a similar exchange with “Fox News Sunday” host Chris Wallace. “When [Romney] took office it was No. 50 in job creation. Actually 51 if you count the District of Columbia,” Gillespie said. To his credit, Fox News’ Chris Wallace didn’t let Ed Gillespie get away with that claim either and corrected him that Massachusetts was 47th during the entire Romney governorship. Massachusetts ranked 37th when Mitt Romney took office. It ranked 47th when he left office. He actually made things worse. Not better. Massachusetts was never “30th in the nation.” Not when he took office or left office. – JM Ashby
Romney’s Solyndra slam at Obama backfires – A Lowell-based solar technology company that received $1.5 million in state loans when Mitt Romney was governor has filed for bankruptcy, opening the presumptive Republican presidential nominee to charges of hypocrisy. Konarka Technologies disclosed Friday that it had filed for Chapter 7 bankruptcy protection and would fire its 80-member staff and liquidate its assets. Romney has chided President Obama for investing $535 million in a different solar company that failed, and has insisted governments should not pick winners and losers in the private sector. – The Boston Globe
Romney Takes Conservative Fire For Top Aide Michael Leavitt’s Support Of Obamacare Exchanges – The Wall Street Journal reported last year that Leavitt “strenuously backed the core piece of President Barack Obama’s health-care law and urged the states to move forward together in adopting health insurance exchanges.” And his stance hasn’t changed: “We believe that the exchanges are the solution to small business insurance market and that’s gotten us sideways with some conservatives,” Leavitt’s top aide Rich McKeown told Politico. “We’re troubled by it,” Dean Clancy, who runs health care advocacy for the Dick Armey-led conservative group FreedomWorks, told TPM Monday via email. “We’re very concerned. The tea party grassroots have always feared that Gov. Romney would be a weak standard bearer because of RomneyCare. This choice only reinforces those doubts. Tapping a high-profile ObamaCare profiteer is disturbing, there’s no way around it. … The tea party has been fighting exchanges in state after state.” – TPM
The emerging “face” of California’s GOP — litigious “birther” Orly Taitz, a Russian Israeli emigre who has appeared on national television with her claims that Obama faked his birth certificate. – Political Wire
The trifecta of wingnuttery! Racist, petty, and thin-skinned: A judge has tossed out a lawsuit World Net Daily brought against Esquire for a story making fun of the publication’s birtherism.
WHAT THE PRESIDENT / DEMOCRATS STAND FOR ————————————
KRUGMAN: THE IRONY OF REAGAN AND OBAMA: Obama may be defeated because he’s been constrained to be less Keynesian than Reagan or Bush – “If you actually look at the actual track record of government spending, government employment, Reagan is the Keynesian and Obama — mostly because of political constraints, although a little bit of lack of conviction on the part of his own people — has been the anti-Keynesian,” Krugman said. “He’s been the one who’s been doing what Republicans say is the right answer.” Just over three years into Reagan’s first term, government jobs grew by 3.1 percent; at the same time during Obama’s tenure, they’ve been cut by 2.7 percent. Hundreds of thousands of public sector jobs have been shed in recent years. Government jobs also grew under President George W. Bush, which helped keep unemployment down during most of his two terms. “After there was a recession under Ronald Reagan, government employment went way up. It went up after the recessions under the first George Bush and the second George Bush,” Obama said last month on the campaign trail. “So each time there was a recession with a Republican president, compensated — we compensated by making sure that government didn’t see a drastic reduction in employment. The only time government employment has gone down during a recession has been under me.” [...] “We’re actually practicing government austerity on a scale that we haven’t seen in 60 years. It’s not the president’s policy,” he said Sunday. “In effect, we’ve already got the policies that Republicans say they will impose if they take the election, and yet, of course, it may lead to the defeat of this president.” – TPM
(Photo: Bill Luster, The Courier-Journal)
Bob McDonnell makes the case for Obama — Whether he knew it or not, Virginia Governor Bob McDonnell (R) made the case for the Obama Administration during an interview with CNN’s Candy Crowley. At 5.6 percent, Virginia’s unemployment rate is among the lowest in the country, well below the national average of 8.2 percent. And the state’s governor concedes that President Obama has helped. “The only thing I can say is he had nearly a trillion dollars in stimulus, and that was one-time spending,” Virginia Gov. Bob McDonnell told CNN’s Candy Crowley in response to a question about whether he believes Obama can take any credit for the strong economy in Virginia. “Did it help us in the short run with health care and education spending to balance the budget? Sure. Does it help us in the long term to really cut the unemployment rate? I’d say no.” – JM Ashby
Bill Clinton: a Romney presidency would be “calamitous” – Days after praising Mitt Romney’s “sterling” business career, ABC News reports Bill Clinton warned that a Romney presidency would be “calamitous for our country and the world.” Clinton, speaking at a fundraiser for President Obama in New York City, added that the incumbent has “the right economic policy and the right political approach,” while “the politics is wrong on the Republican side, the economics are crazy.” – ABC News
Eliot Spitzer: U.S. needs ‘big, old-fashioned Keynesian stimulus’ – Former New York Gov. Eliot Spitzer said Monday that the United States needed to invest in the public sector, because the country’s current policies clearly were not revving up the economy. “One thing that could help is a big, old-fashioned Keynesian stimulus,” he said on his Current TV show Viewpoint. “First, realize we’ve tried the Republican approach,” Spitzer explained. “As Paul Krugman and others point out, taxes have been cut and government spending has fallen, once you adjust for population and inflation. In fact, it has not fallen this quickly since the demobilization after the Korean war. So it’s no surprise that public sector employment is way down.” He noted that now was a good time for the U.S. government to borrow more money, because of the extremely low interest rates. — Raw Story
Paycheck Fairness Act expected to fail today, but the GOP’s War on Women is still imaginary – Democrats will bring to the Senate floor on Tuesday the Paycheck Fairness Act, a bill that is supposed to help close the wage gap between men and women. […] The paycheck bill would bar companies from retaliating against workers who inquire about pay disparities and permit employees to sue for punitive damages if they find evidence of broad differences in compensation between male and female workers. Democrats say the measure would bolster reforms enacted with the 2009 Lilly Ledbetter pay law that expanded the statute of limitations for filing equal-pay lawsuits. […] Several business groups, including the U.S. Chamber of Commerce and associations representing bankers, construction firms and retailers, issued a statement opposing the legislation, saying it would result in “unprecedented government control over how employees are paid at even the nation’s smallest employers.” — The Washington Post