Business & Economy - Political Issue Guide

Chart of M2 money supply growth and inflation as measured by the GNP price deflatorChart of M2 money supply growth and inflation as measured by the GNP price deflatorBy: Bkwillwm

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Latest Member Blog Articles on Business & Economy
  • The Strategy behind the “Party of No” to obstruct job growth
    “We as Americans and as humans have very selective hearing and very selective memory. We only hear what we want to hear and disregard the rest.” – Frank Luntz, Republican strategist...
  • Trans-Pacific Partnership: Is Trade Good for America?
    The question, “Is trade good for America?” may seem a little trite to some, but in watching and listening to the heated rhetoric on the Trans-Pacific Partnership Trade Agreement, it is a question that one might ask to gauge how much the public has become so polarized on this issue.
  • What is really happening to jobs in America?
    "I think there is a world market for maybe five computers." --Thomas Watson, president of IBM, 1943.Sometimes the future is beyond even a CEO’s power of imagination. Sales of personal computers, tablets and smart phones worldwide in the year 2014 topped 2.4 billion, with 88 percent of sales attributable to tablets and smart phones.
  • Ted Cruz Reflects Confusing GOP Attitude Toward Acronyms
    So Ted Cruz is running for President, and wants to abolish the IRS.Back in the wake of the “IRS Scandal”—that is, when the public became aware that the IRS was selectively targeting nominally conservative or Tea Party-associated groups for tax audits, Cruz’s solution was to eliminate the federal body altogether.
  • The Trans-Pacific Partnership: Why I support President Obama
    "If you want to go face to face with me President Obama, I'm ready to go because I have the facts!" – Ed Schultz responding to President Obama for calling out MSNBC for its opposition to the TPP.
  • Obama Moves to Cement His Legacy With a Rallying Cry to Lift up the Middle Class
    Don't ever think of telling President Obama he is a lame duck. He has too many things he still wants to accomplish before he leaves and beginning the process of lifting up the middle class is at the top of his list.
  • What's More Bipartisan Than Having an Educated Public?
    Is college a right or a privilege? If President Obama has his way then it will soon be a right for every single high school graduate in this country regardless of income or social class. The premise is simple: extend the already guaranteed number educational years every student is eligible to receive by two.
  • Six Reasons Why 2014 Was a Great Year for Democrats
    2014 was a great year for liberals. Marriage equality is sweeping across the nation, the federal courts now have a majority of liberal jurists, America's foreign policy is being reshaped in Obama's image, and both red and blue states voted to choose if they wanted to legalize a plant. Democrats may have lost the Senate, but their priorities surely won in 2014.

Fact Checking Articles on Business & Economy

DateArticle NameAbout
02/04/14No, CBO did not say Obamacare will kill 2 million jobsJobs, Obamacare & Congressional Budget Office
Here we go again. During the 2012 campaign, The Fact Checker had to repeatedly explain that the Congressional Budget Office never said that the Affordable Care Act “killed” 800,000 jobs by 2021. Now, the CBO has released an updated estimate, nearly the triple the size of the earlier one: 2.3 million in 2021. The inevitable tweets arrived:
Controversies & Scandals
  • Speaker Boehner pulled his tax plan from consideration after realizing that it would not pass the House. The fact that the Speaker of the House of Representatives can not get his caucus to fall in line shows that he has lost total control of his conference. Now that the House Republicans has publically rebuked their leader, the negotiations are at a stand still. With the clock ticking towards the fiscal cliff, Speaker Boehner now has a significantly weaker hand in negotiations with the President and Senate Democrats.
  • Ed Haislmaier, a scholar for the conservative Heritage Foundation, attacked a non profit employee during a Campaign to Fix the Debt event. Haislmaier followed Burke Stansbury, of the Seattle-based nonprofit Campaign for Community Change, out of the conference room and started shouting at him. Haislmaier then reached for Standbury's camera and swatted it to the ground. Security guards eventually arrived and restrained Haislmaier.
  • Legally, Romney would have paid closer to 9% but opted to pay more, just over 14%, for political purposes. This is despite his previous stance of. "I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president. I’d think people would want me to follow the law and pay only what the tax code requires."
  • The most newsy item of Mitt Romney's media blitz of network interview after network interview Friday night was his bold statement that he would not release any more tax returns than the two years he has already planned, despite growing pressure from President Barack Obama, Democrats and even some Republicans. GOP Governor, Robert Bentley has said that Romney needs to release his tax records in the name of transparency.
  • While not breaking any laws, Romney, in the course of amassing his wealth, has operated in a grey area. He has exploited every possible tax loophole imaginable. Romney has also built up his IRA on these questionable loopholes have allowed him to inflate his IRA to well over $100 million which he has invested in numerous tax free off shore accounts in places such as the Caymans.

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