Undecided Voters in Short Supply

Jul 23, 2012, 11:32 am EST
Undecided Voters in Short Supply

If recent polling is any indication, all the campaign ads and candidate visits that Mitt Romney and Barack Obama have rolled out are preaching to the choir.

A recent poll conducted by The Washington Post and ABC News found there are fewer undecided voters than there were in the past three elections.

Only 6% of those polled said there was a good chance they would change their mind on who they were voting for. Another 13% said it was possible they might change their mind, but unlikely. That leaves less than 1 in 5 voters who say there’s any chance they will change their mind. Read 

George W. Bush Declines Invitation to GOP Convention

Jul 22, 2012, 9:03 pm EST
George W. Bush Declines Invitation to GOP Convention

Former President George W. Bush has kept a low profile since leaving office in 2009, and don’t expect him to jump back into the spotlight any time soon.

The latest proof that Bush wants to stay low key? He has declined an invitation from the Republican National Convention to attend. Bush made the announcement through an e-mail sent by his spokesman.

When asked if Bush had been invited to speak at the convention as well as attend, the spokesman said that Bush had declined before any speaking details had been discussed. Read 

Can Hollywood Counter GOP Super PACs?

Jul 19, 2012, 5:54 pm EST
Can Hollywood Counter GOP Super PACs?

With today’s announcement that actor Morgan Freeman has given $1 million to the Obama-supporting super PAC Priorities Action USA today, some Democratic supporters are hopeful that it’s the start of a positive trend.  With Romney out-raising Obama, and Romney’s super PAC running circles around Obama’s, they’re hoping some Hollywood glitz, glamor, and money can turn the tide.

Some big names in Tinseltown have already written some big checks on behalf of Obama. DreamWorks co-founder Jeffrey Katzenberg has given $2 million to Priorities Action USA, comedian Bill Maher has given $1 million, director Steven Spielberg has given $100,000, and Lost creator J.J. Abrams and his wife have given $100,000.

While these are significant sums of money, they pale in comparison to what Romney’s super PAC, Restore Our Future, has done. Restore Our Future raised a record $20 million last month. Romney’s super PAC has been buoyed by large donations from the likes of casino mogul Sheldon Adelson, former Swift Boat Veterans for Truth financier Bob J. Perry, and New Balance Athletic Shoe Inc. Chairman James S. Davis. Read 

Financial Service Stocks Should Fear an Obama-Warren Win

Jul 19, 2012, 1:17 pm EST
Financial Service Stocks Should Fear an Obama-Warren Win

Financial service providers should be very fearful if both President Barack Obama and Massachusetts Democratic senatorial candidate Elizabeth Warren win their elections in November.

Now, I’m not trying to rant against Warren. I’m merely pointing out that her statements and record indicate that she’s not a friend to financial service firms — and that means that investors should take heed.

There’s a reason she isn’t running the new Consumer Financial Protection Bureau, despite having been appointed to oversee its construction. That’s because she would never get enough votes in the Senate to confirm her to that position. In addition, she wasn’t recess-appointed the way CFPB chief Richard Cordray was because she’s too polarizing. Obama would have gotten significant pushback from his financial services donors. Read 

Democrats Don’t Fear ‘Fiscal Cliff’

Jul 18, 2012, 5:35 pm EST
Democrats Don’t Fear ‘Fiscal Cliff’

One of the biggest debates and points of contention between Democrats and Republicans in Congress has been over what to do with the Bush-era tax cuts. Set to expire at the end of the year unless renewed, they’ve become an important sticking point between the two parties.

Republicans want the tax cuts to stay in place for all income brackets, while Democrats want to eliminate the tax cut for those making more than $250,000.  Attempts to find a compromise that would satisfy both parties have not born fruit.

Now, it seems that Democrats may not bother. On Monday, Sen. Patty Murray, D-Wash., signaled her party’s willingness to let all the tax cuts expire unless the Republicans budged from their refusal to raise taxes on incomes above $250,000. Read 

House Candidates Have Raised Half a Billion Dollars

Jul 17, 2012, 3:21 pm EST
House Candidates Have Raised Half a Billion Dollars

Candidates for the House of Representatives have a steep monetary hill to climb if they want to be elected this fall. According to Federal Election Commission figures, they have already raised more than half a billion dollars this election cycle.

The $556 million raised so far in this election cycle is $57 million more than the same point two years ago, and more than double what had been raised at the same point in 2002.

The results of the escalating fundraising war is both incumbents and challengers spend more time than ever fundraising for their campaigns, leaving less time for Congressional work or other forms of campaigning. Read 

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