One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families. Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans. Romney flatly rejected the claim by calling it false, then explained what he actually has in mind. But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger. FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....
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Simple. The private sector is worried that the government will continue its assault on private sector business. That the stock market rises during times of higher unemployment is nothing new and can be explained rather easily. Right now companies are doing a decent amount of work with fewer workers than they had before. The index used to discuss this is the level of productivity we often hear about in the financial news. Fewer workers doing the same amount of work or more, and for the same or less pay, can make companies more profitable, at least in the short run.
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