Last January, dozens of independent contractors showed up for their first day of work at a large, single-story Bank of America building in Tampa to right the wrongs of a foreclosure crisis that many had witnessed firsthand.
With our debt soaring, our population aging and our infrastructure crumbling, we stand at a troubling crossroads. And yet politicians sell us low-tax, no-pain fantasies. They traffic in vagueness and treat us like toddlers.
In a June conference call hosted by the conservative-leaning National Federation of Independent Businesses, Mitt Romney encouraged business owners to let their employees know which candidate they support and how the election's outcome will affect...
Is Romney really a job creator? Ronald Reagan’s budget director, David Stockman, takes a scalpel to the claims. Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
Wells Fargo John Silvia on the unemployment rate debate. The most disappointing thing about the Jack Welch affair is his continuing belligerent stance. He introduced the “question mark” addition in an interview with Anderson Cooper of CNN. I saw it and watched Welch dig himself into an even deeper hole. He repeated it in a CNN interview with Ali Velshi the next day.
Mitt Romney sounded confused and incoherent and had no original ideas of substance. Mitt Romney has nothing really coherent or substantive to say about domestic policy, but at least he can sound energetic and confident about it. On foreign policy, the subject of Monday night’s final presidential debate, he had little coherent to say and often sounded completely lost. That’s because he has no original ideas of substance on most world issues, including Syria, Iran and Afghanistan
With a big assist from its mortgage division, JPMorgan Chase reported a record quarterly profit of $5.3 billion on Friday, another encouraging sign that the housing market is finally recovering from a collapse that has cost nearly 4 million...