Apr 25, 2012, 5:46 pm EST
It takes more than money to win the GOP presidential nomination. If it didn’t, Mitt Romney would have edged out John McCain four years ago. But a sizable campaign budget goes a long way.
Romney, who earlier today was announced the “presumptive” Republican presidential nominee by the chairman of the Republican National Committee, has already spent $18.50 per vote (or $126,000 per delegate), according to a CNNMoney report.
As the presumed nominee, the $76.6 million that Romney spent to win 4.1 million votes (607 delegates) was worth the investment. One can’t say the same for one of Romney’s opponents, Texas Representative Ron Paul. Read
Apr 24, 2012, 6:39 pm EST
President Barack Obama spoke today in North Carolina about an issue near and dear to a core part of his base: student loan interest rates.
The president has begun a three-state tour, starting today in North Carolina and moving on to Colorado and Iowa to put pressure on Congress. Obama said that if Congress does not act to extend a student loan interest rate cut by July 1, the rates on 7.4 million loans could double.
This follows similar rhetorical moves by Obama on behalf of the payroll tax cut extension and the Buffett Rule: hit back at Congress when it is slow to tackle — or refuses to implement — policies the president supports. Read
Apr 24, 2012, 11:02 am EST
Social Security’s clock is ticking faster.
According to an annual report released Monday, the program serving 44 million Americans will drain its trust fund by 2035 — three years earlier than previous estimates — and if Congress doesn’t step in, the program will have to begin cutting benefits.
Among other key dates in the report: Read
Apr 24, 2012, 8:05 am EST
It’s just about a week removed from Tax Day, and many investors have their capital gains taxes and dividend taxes from 2011 fresh in their minds. However, if you’re sensitive to investment taxes, then future tax rates should be much more important to you than previous payouts — because if Congress doesn’t act, you could be paying a lot more on your investment and dividend income in the near future.
Tax cuts on dividends and capital gains are set to lapse at the end of 2012, meaning that by 2013, you could be paying a nearly 40% tax on some of this income!
That’s if Congress doesn’t act, of course. Read
Apr 23, 2012, 8:50 am EST
Ron Paul might not wind up in the Oval Office, but if one man has his way, he might land in an equally visible spot: on computer and smart phone screens, as a video game star.
Daniel Williams, the game’s creator and the founder of a web site that sells Ron Paul merchandise, created a Kickstarter campaign last week to fund the game. He set a relatively modest goal of raising $5,000 over two weeks to fully develop the game. As of today, he had already raised more than $9,000.
The game, titled “Ron Paul: The Road to REVOLution”, will play like Super Mario Bros., as the player moves through 13 levels (one for each branch of the Fed) attacking enemies and final bosses and collecting gold along the way. Read
Apr 20, 2012, 12:17 pm EST
If you think gasoline prices are volatile now, stay tuned. President Obama’s plan to clamp down on oil speculators is going to make things worse.
I’m sure you’ve seen the news by now.
The president wants to clamp down on so-called “oil price manipulation” and has proposed a $52 billion plan to increase federal supervision of oil markets. Read