In recent remarks, Ben Bernanke showed that he’s not at all swept up in optimism about recent improvements—he’s particularly on point regarding continued weaknesses in the job market—and he clearly cites all the reasons to keep pressing on monetary stimulus.
If the Bush tax cuts expire on schedule, the drag to the still-too-weak economy from the reduction in after-tax income would mean less buying power for a lot of families and that would send the unemployment rate back up past 9 percent.
The trickle-down, de-regulatory agenda presumes that the growth chain starts at the top of the wealth scale and “trickles down” to those at the middle and the bottom of that scale. Problem is, that’s not how it works
Mitt Romney hasn't done anything wrong in paying a low tax rate. What’s wrong is the tax system itself—by favoring investment income, the excessive use of pass-throughs, and subsidizing debt financing.
Obama's SOTU speech called for lawmakers to “build on the momentum we’ve got right now" by creating incentives for manufacturers, skills for workers, jobs in fossil fuel extraction and clean energy innovation, all financed by a fairer tax code.
Rick Perry's candidacy failed almost entirely on the weakness of his debate performances, while Newt Gingrich's is thriving on the strength of his. One problem: a good debater doesn't necessarily make a good president.