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Obama Stands His Ground on Fiscal Debates

WASHINGTON — President Barack Obama devoted one word — “deficit” — to the issue that brought Washington to the brink of fiscal crises time and again during his first term. But it was the paragraph that followed in his inaugural address that foreshadowed what’s to come — more hard bargaining and more last-minute deals driven by Obama’s own conviction that he now wields an upper hand. “We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future,” he said. “The commitments we make to each other — through Medicare, and Medicaid, and Social Security — these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great.” This was the language of his re-election campaign. And while ...

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Found more than 1 month ago on channel TIME Business
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United States: An Immigration Solution Equals Salvation For The Republicans - Waller Lansden Dortch & Davis

By now, we all know the facts. Among Hispanics, the fastest-growing segment of the American population, Mitt Romney won just 27 percent of the 2012 vote for president, compared to 44 percent won by former President George W. Bush in 2004.

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Found more than 1 month ago on channel Mondaq
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Moving to Canada? Better get a lawyer

Wednesday, October 24, 2012 - 13:16 AFP/Getty Images The Canadian-U.S. border is pictured in Stanstead, Canada. The old political punchline about moving to Canada if an election goes the wrong way is more than a joke to some -- and a lot harder to pull off than most people suspect. It's an oft-told political joke: “If things don’t go my way, I’m moving to Canada.” You hear it every election, but do people actually mean it when they say it? There's a chance Hannah Frame might be one of those people. She'll be watching the upcoming election very closely from her dorm at Kalamazoo College in Michigan, as the outcome could have major ramifications for the rest of her life. "I don’t want to live in a country whose fundamental policies I disagree with, and I at least bear some responsibility for living in and perpetuating a system that eventually could hurt me and my neighbors," Frame said. Frame says she's worried about what might happen if Republican presidential candidate Mitt Romney ...

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Found more than 1 month ago on channel Marketplace.org
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Mitt Romney 'genuinely cares'

Wednesday, October 24, 2012 - 10:09 YouTube/Screenshot This ad from Crossroads GPS features Iraq War veteran Peter Damon veteran benefited from Romney's help. Mitt Romney hasn't talked much about his charitable work in public, and with outside spending focused on attack ads, even Republicans have been concerned that the GOP presidential nominee appears too aloof. Two new ads from outside spenders are hoping to change that. “ Genuinely Cares ” from the pro-Romney super PAC  Restore Our Future  and “ Mitt and David ” from the conservative nonprofit  Crossroads GPS  tell the stories of two individuals who received support from Romney. They are a sharp departure from both groups’ standard attack ads. Restore Our Future has spent a little more than $99 million thus far this election, with 86 percent going toward negative advertising and other campaign materials. “Genuinely Cares” features Army National Guard Sgt. Peter Damon, an Iraq War veteran, telling about how Gov. Romney ...

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Found more than 1 month ago on channel Marketplace.org
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Obama vs. Romney: Who’s Right on China?

The most shocking part of the third debate between President Barack Obama and Republican presidential nominee Mitt Romney on Monday was how little attention they paid to China. I counted an hour and 15 minutes before the subject even came up in earnest. That’s not to say the other topics discussed — terrorism, the Middle East, Afghanistan — aren’t important as well. But looking out over the next several decades, the rise of China to superpower status is, in my opinion, the single most important foreign policy challenge facing the U.S. We’re shifting back to a bipolar world from Pax Americana, and whether that results in a new Cold War or a more peaceful, prosperous globe will depend on how Washington handles a richer, more assertive and more powerful Beijing. That means the China policy of the next President of the U.S. is of crucial importance for the future of America and the economic and political stability of the world. So the big question is: Does Obama or Romney have a sounder, ...

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Found more than 1 month ago on channel TIME Moneyland
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