The contrast between George Romney and his son Mitt — a contrast both in their business careers and in their willingness to come clean about their financial affairs — dramatically illustrates how America has changed…
First, however, let’s talk about what it meant to get rich in George Romney’s America, and how it compares with the situation today.
What did George Romney do for a living? The answer was straightforward: he ran an auto company, American Motors. And he ran it very well indeed: at a time when the Big Three were still fixated on big cars and ignoring the rising tide of imports, Romney shifted to a highly successful focus on compacts that restored the company’s fortunes, not to mention that it saved the jobs of many American workers…
Now fast-forward to Romney the Younger, who made even more money during his business career at Bain Capital. Unlike his father, however, Mr. Romney didn’t get rich by producing things people wanted to buy; he made his fortune through financial engineering that seems in many cases to have left workers worse off, and in some cases driven companies into bankruptcy.
— Mitt’s Gray Areas
"What Gov. Romney and his advisers don’t seem to understand is this: If you’re a worker whose job went overseas, you don’t need somebody trying to explain to you the difference between outsourcing and offshoring, you need someone who’s going to wake up every day and fight for American jobs and investment here in the United States."
I’m not going to sit here and pretend that everything is getting better as fast as anybody was hoping for, but let’s be honest about something. The President was right on this one.
You don’t win elections by correcting people after they’ve just been told they don’t have a job. Let them call it what they want while you, as the President, focus on the economy. The general idea is for people not to need to know the difference between unemployment situations.
- cocaine Uruguay, like many countries in Latin America, is struggling to fight against black-market drug dealers that are selling drugs like cocaine and the crack-like pasta basica, and in recent years has seen an uptick in crime as a result.
- marijuana In an effort to push drug users away from the harder stuff, the country is currently debating whether to start selling marijuana to adults, tax it, and use the taxes to pay for drug rehabilitation. Think this would work, guys? source
I don’t think you could “sell” legalization anywhere in the United States without diverting massive portions of the tax revenue to fund schools, infrastructure improvements, etc but there’s no reason that a portion of those taxes couldn’t also fund a program like this too. Personally, I think it’s a brilliant idea, and feel like a bit of a moron for having never thought of something like this before.
"There’s a lot of, “We’d rather be first than right.” A lot of breaking stories without facts. And when it comes to television news, it’s a lot of commentary and not a lot of reporting."
— Lizz Winstead, during an interview with Mother Jones
Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year.
That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.
About 10 states are now considering raising the rate, and Senator Tom Harkin, an Iowa Democrat, is proposing to increase the federal rate in three increments to $9.80 an hour in 2014. Many of the initiatives under consideration would smartly tie the minimum wage to the cost of living, meaning that those workers’ wages would finally keep up with inflation.
The past recession was brutal on jobs, household wealth and economic growth. But wages were hit hard, too.
— Raise the Minimum Wage
"It’s not deficit reduction when you increase military spending so that you can make up for that by cutting Medicare and Medicaid. That’s not budget reduction. That’s ideology. That’s the right wing"
— Rep. Barney Frank