Daily Archives: July 17, 2012

Failed Two Party System — No Comments
17
Jul 12

100 Ways Mitt Romney Is Just Like Barack Obama

Source: IVN.us

  • The most controversial aspect of “ObamaCare” for its critics, was the individual mandate. Mitt Romney, like Barack Obama, believes individual mandates can be a good ingredient of public policy.
  • Both Mitt Romney and Barack Obama flip flopped on whether “ObamaCare” is or is not a tax when it was politically suitable.
  • The same Wall Street recipients of TARP bailout money that were top Obama donors in 2008 are top Romney donors in 2012.
  • Mitt Romney approves of Barack Obama’s Treasury Secretary, Tim Geithner’s record on economic policy as well.
  • Neither Mitt Romney, nor Barack Obama have charted a course away from the bipartisan consensus that deficit-funded tax cuts stimulate economic growth, so that other than putting up a big showy fight over the details of tax policy, their substantive philosophies of fiscal policy are essentially the same.
  • Both Mitt Romney and Barack Obama‘s federal budget plans would add trillions of dollars to the already unsustainable national debt over the next ten years.
  • Neither Barack Obama, nor Mitt Romney‘s actions are consistent with their rhetoric on earmarks.

Uncategorized — No Comments
17
Jul 12

Obama Administration Preventing Implementation of Food Safety Law

Source:

Ten consumer groups that helped promote a landmark food safety law passed in 2010 say the Obama administration is holding up the rules that would put it into effect, a delay they say could cost money and lives this summer, the peak season for food contamination outbreaks.

The Food Safety Modernization Act, which passed with broad bipartisan support, was the first major overhaul of the Food and Drug Administration’s food safety laws since the 1930s. It gives the agency, which is responsible for the safety of most of the country’s food supply, more control over food imports as well as broad new powers to set standards to prevent contamination of produce and processed food.

Uncategorized — No Comments
17
Jul 12

Did the Feds rig the system?

http://m.csmonitor.com/Business/The-Daily-Reckoning/2012/0717/Did-the-Feds-rig-the-system

Bill Bonner and the analysts over at The Daily Reckoning are feeling fairly vindicated this week. They have been investigating how the federal government may have rigged the system over the past 30 years, directing funds to help the rich get richer.