Aug 27, 2012, 11:25 am EDT
The Republican party is reaching into both the past and Ron Paul’s playbook, as party officials are considering calling for a commission to study returning to the gold standard in their platform.
The gold standard, which was last used in the United States in 1971, would set a fixed value for American dollars based on a set amount of gold. The issue of returning to the gold standard has become popular in recent years, as presidential candidate and Texas Rep. Ron Paul has supported going back to a gold standard, and with Utah passing a law last year that makes gold legal tender in the state.
Here are five things you should know about the GOP’s potential push to return to the gold standard. Read
Aug 26, 2012, 11:23 pm EDT
As the Republican National Convention gets ready to kick off tomorrow in Tampa Bay, Fla., here are three things to look for during the event that will confirm Mitt Romney as the GOP presidential candidate.
Hurricane Isaac: Can Romney show Americans that he feels their pain?
As the Republican Party convenes in Tampa to formally nominate Romney and Paul Ryan for President and Vice-President, Hurricane Isaac is poised to rain on their parade. Political conventions are usually a sure-fire way for the candidates to generate a lot of positive media coverage and suck up much of the news cycle. The Romney campaign was counting on the carefully scripted convention to introduce Mitt on its own terms, as a successful businessman and conservative, all-American family guy.
Isaac’s arrival will give the Romney camp an unexpected opportunity to be what everyone assumes he is not: empathetic and likable. Political conventions are formally about nominating candidates and ratifying platforms, but in reality, they are a week of extravagant parties and high-level networking. Read
Aug 24, 2012, 3:29 pm EDT
Want to know how Mitt Romney has been so successful in out-fundraising Barack Obama’s campaign? The answer, in part, lies in data.
More specifically, Romney’s campaign has used sophisticated and secretive data-mining techniques to sift through Americans’ personal information — including purchasing history and church attendance — in order to identify new, wealthier donors.
What’s more, the company the Romney campaign has contracted with since at least June to mine this data is an analytics firm that previously worked on behalf of a colleague connected to Bain & Co., the management-consulting firm that Romney was once in charge of. Read
Aug 24, 2012, 2:21 pm EDT
An influx of attack ads can only mean one thing: We’re getting ever-so close to election time.
America’s presidential candidates have begun seriously unveiling their various platforms across a variety of issues, the latest of which stem from Republican nominee Mitt Romney’s camp. This past week, the campaign unveiled a 21-page whitepaper giving an overview of the candidate’s energy policies.
Overall, the Romney energy plan calls for less red tape, more traditional fossil fuels production and a call for energy independence by 2020. Read
Aug 23, 2012, 12:36 pm EDT
While all eyes are on the tight election race between President Barack Obama and Mitt Romney, income-seeking investors had better focus on tax strategies heading into 2013.
There are major worries as the tax cuts signed into law by President George W. Bush are set to expire at the end of this year, considering that control of the two houses in Congress is split. Obama has expressed a desire to extend the tax cuts again — except for individuals earning more than $200,000 a year and couples filing jointly who earn more than $250,000.
For investors, an obvious concern is that their top margin tax rates will increase in 2013. Taxpayers whose current marginal rates are 25%, 28% or 33% will see their top rates increase by 3%. Read
Aug 23, 2012, 11:48 am EDT
According to government records, the Obama administration paid nearly $500,000 in stimulus money to a PR firm to run advertisements on MSNBC promoting the White House’s green job training program.
The Labor Department shelled out $495,000 to McNeely Pigott & Fox Public Relations in 2009. The PR firm then bought advertising on MSNBC’s “Countdown with Keith Olbermann” and “The Rachel Maddow Show.” The ads were scheduled to run 14 times a week for two months.
While it’s impossible to tell if the ads had any indirect influence in drawing people to green job training, the official online entry on the contract for the deal noted zero jobs were directly created as a result. Read