One of Romney's great skills is the ability to turn around failing enterprises. He did it with private firms while he ran Bain Capital; he did it for an indebted Massachusetts and he did it for the Olympics. He needs to do it for his campaign now.
Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney's overseas investments.
Want to know how Washington really works? Can you say, “Crony capitalism”?
Just 49 percent of homeowners in America now believe their home is worth more than they paid for it.
Without a clear enemy to unify us, like the Soviet Union or the terrorists who attacked us on September 11, America is at war with itself. The result: our nation lacks the national consensus needed to choose priorities and make tough decisions – or even dump bad laws based on good intentions.
Americans have come to loath the idea that some business enterprises are so important and so “big,” that they can’t be allowed to fail - especially as it regards large corporations that “need” government bailouts.
This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond.
It should be clear by now that Newt Gingrich, despite his denials, was lobbying for Freddie Mac, the home loan giant at the core of the subprime mortgage scandal.
There was our President stating once again that he had a plan to fix the housing crisis that is stalling our economy and harming his reelection chances. When he was done making his proposal, it occurred to me that after 35 years of my working in the real estate market this man really had no more idea of how to resolve the problem than the average homeowner.
When Rep. Barney Frank, D-Mass., announced his intention not to seek re-election after a 32-year career, not one of the nightly news broadcast network anchors found time or space to mention either Frank's central role in the housing meltdown or his congressional reprimand. Not one.
As the saying goes, “Sometimes the remedy is worse than the disease,” and this could not be truer than with this administration’s intervention into companies afflicted with the economic cancer spreading around the globe. Many of these companies were deemed “too big to fail,” and without our help, we were told the economy would implode. Are we better off considering the sputtering economy, high unemployment, rising poverty, and a worsening mortgage crisis? Is this remedy worth the economic misery? I, for one, think not.
Then-House Speaker Nancy Pelosi famously shared a love seat with former GOP Speaker Newt Gingrich in a 2008 ad advocating for global warming legislation.
"I did no lobbying of any kind."
The collapse of MF Global Holdings gives Americans yet another reason not to trust Wall Street. The firm filed for bankruptcy as federal regulators were looking for $600 million missing from customer accounts.
Behind closed doors on Capitol Hill, a massive lobbying effort is underway. On a seemingly small issue with scant public attention, powerful special interests are looking to cash in their chits and strike a deal – a deal that will come at the expense of taxpayers.
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