Jul 30, 2012, 11:37 am EDT
Mitt Romney has a problem.
The electoral map — which provides a natural advantage to Democrats by virtue of the higher number of electoral votes in the blue coastal states — has put Romney in a position where he has to win virtually every swing state to win the election.
President Barack Obama, in contrast, has a much easier path. Read
Jul 30, 2012, 10:05 am EDT
American companies looking to invest in wind power — and the turbines that power it — may want to look within their borders for towers.
That’s because the Commerce Department has announced a series of tariffs on wind towers made in China and Vietnam that are aimed at preventing the two countries from dumping their turbines on the U.S. and undercutting U.S. manufacturers.
China faces duties ranging from 20.85% to 72.69%, while Vietnam faces a tariff between 52.67% and 59.91%. Added on to other tariffs that the U.S. levies, this means that some Chinese wind turbines could face a nearly 100% tariff. Read
Jul 26, 2012, 1:15 pm EDT
In the wake of fierce attacks from Mitt Romney over his “you didn’t build that” comments, Barack Obama is finding it harder and harder to get business owners on his side.
The latest proof? A Gallup poll recently showed that 59% of business owners disapproved of the job Obama was doing. Only 35% of business owners approved.
That’s a 6% drop from the first quarter of this year, where 41% of business owners supported Obama. In even worse news for the president, this poll was taken before his comments on July 13, where he extolled how other people — and government — assisted people with their lives, saying “…If you’ve got a business—you didn’t build that. Somebody else made that happen.” His approval ratings with business owners could decrease further once fallout from those comments are factored into polls. Read
Jul 25, 2012, 5:13 pm EDT
As few as four dozen donors and families could sway the election this fall. Who are these people? They’re the ones who have given at least $1 million to a super PAC thus far.
So far, $308 million has been raised by super PACs in this election cycle. Of that money, $130 million comes from donors giving $1 million or more, which is about 40% of the total given. This is even more pronounced on the GOP side, where nearly half of the $228 million raised by Republican-affiliated super PACs has come from $1 million-plus donations.
Who are the most generous givers right now? It probably comes as no surprise, given the way Barack Obama’s super PAC has lagged behind Mitt Romney’s, that they are all Republican supporters. Currently leading the way are Sheldon and Miriam Adelson of the Las Vegas Sands Corp. (NYSE:LVS) with a $34.75 million donation, Contran Corporation’s Harold and Annette Simmons with a $17.2 million donation from them and Contran, Houston home builder Bob Perry with a $10.35 million donation, and PayPal (now an eBay (NASDAQ:EBAY) subsidiary) co-founder Peter Thiel with a $3.6 million donation. Read
Jul 25, 2012, 4:19 pm EDT
By Curtis Dubay, The Heritage Foundation
Taxmageddon is the one-year $494 billion tax increase that is poised to strike the economy on January 1, 2013. It consists of expiring tax policies such as those set in 2001 and 2003 and the 2010 payroll tax cut. Taxmageddon also includes five Obamacare tax increases.
Congress should not let Taxmageddon occur. It will devastate the economy and job creation. Below are the top five reasons Taxmageddon destroys jobs. Read
Jul 25, 2012, 10:56 am EDT
Now he tells us!
Sandy Weill, the former CEO and chairman of Citigroup (NYSE:C) who invented the one-stop shopping financial supermarket idea of too-big-to-fail banks, says we should break them up.
That’s right: The man who spearheaded the death of Glass-Steagall — the Depression-era law that separated commercial banking from investment banking and insurance underwriting — now thinks we should go back in time and undo all these risky combinations. Read