Archive

Reuters blog archive

from The Great Debate:

Time for a serious deficit plan

 President Barack Obama pledged to cut the deficit in half by the end of his first term. But because he focused on political gimmicks, rather than real reform, we’ve seen trillion-dollar deficits and nearly $6 trillion added to the debt instead. Based on what we heard from the president at a news conference Tuesday, his unserious attitude is likely to continue.

That’s worrying. Unless we can get a handle on Washington’s overspending, and quickly, it will continue to undermine our economy and jeopardize our children’s futures.

Sadly, the White House is not yet serious about doing that. Instead, it has predictably suggested politically driven tax hikes as appropriate offsets for the sequester, including a tax on corporate jets. If that sounds like a poll-tested P.R. gimmick rather than a serious solution, that’s because it is. A permanent tax increase like that would take 10 years just to raise enough money to replace one week’s worth of the sequester.

A similar scheme, attempted in the 1990s, actually resulted in lost revenue. It had to be repealed just a few years later because of the economic damage it caused.

from Unstructured Finance:

Obama hearts El-Erian

By Sam Forgione and Matthew Goldstein

OK, so it's not a big gig like being nominated to head the Treasury Dept. But President Obama's decision to tap PIMCO's Mohamed El-Erian to head the President's Global Development Council is no insignificant matter.

As the co-chief investment officer of the giant bond shop founded by Bill Gross, El-Erian is seen as the eventual heir apparent to run the Newport Beach, Calif firm. And El-Erian increasingly has become one of PIMCO's most visible faces---maybe even more than Gross himself these days--when it comes to talking about what ails the U.S. and global economies.

from Photographers' Blog:

Chasing Obama

By Jason Reed

What a difference four years makes for someone running again for President of the United States.

Barack Obama hit the campaign trail in 2012 wearing two hats… one as the incumbent President, and one as a candidate for re-election.

from Breakingviews:

Nine answers that should win the White House

By Daniel Indiviglio and Antony Currie
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

 

President Barack Obama and his Republican opponent Mitt Romney finally face off in their first presidential debate on Wednesday evening. With domestic policy as the theme, the two are likely to be challenged to outline their policies for fixing the economy. Breakingviews concocts the nine answers we’d like to hear - ones that could win either candidate the White House in November.

from Expert Zone:

Weighing the Obama-Romney calculus

(The views expressed in this column are the author’s own and do not represent those of Reuters)

Much is at stake in the United States presidential elections this year, perhaps more in terms of policy than in the past few election cycles. The presidency of Barack Obama has been fraught with battles in a deeply divided Congress, leading to paralyses on some major agenda such as government debt, and significant compromises on others such as healthcare reform.

from Entrepreneurial:

Small Business Week heads to D.C.

It’s Small Business Week, and here are a few links to help you know what's going on.

Inc. has a list of ten impressive attendees in D.C., and the New York Times has a post packed with useful Small Business Week links. At Entrpereneur.com, Victoria Tifft, the Small Business Administration 2012 National Small Business Person of the Year and founder of ClinicalRM, a medical device and vaccine research company, discusses the growth of her business.

from Tales from the Trail:

Washington Extra – The Romney Doctrine?

Republican presidential candidate and former Massachusetts Governor Mitt Romney speaks during a campaign stop in Warwick, Rhode Island April 11, 2012. REUTERS/Brian Snyder

When it comes to U.S. presidents and foreign policy, it’s always been a matter of what they do during crises, rather than what they say on the campaign trail.

from Tales from the Trail:

Best of the debate: Ron Paul v. Michele Bachmann

Presidential debates allow voters to hear how candidates differ, and there are few policy differences as great as that between Rep. Ron Paul and Rep. Michele Bachmann on Iran. Take this exchange from last night:

Bachmann:

"Without a shadow of a doubt, Iran will take a nuclear weapon, they will use it to wipe our ally Israel off the face of the map and they've stated they will use it against the United States of America."

from Tales from the Trail:

New Romney ad counters ‘flip-flopper’ label

In case you missed it, Mitt Romney grew a bit testy when Fox News’ Bret Baier pressed him with questions about his about-faces on issues like abortion, climate change and immigration in an interview last week.

Now a new ad out from his campaign looks to counter the 'flip-flopper' label Romney has grown so tired of talking about. The ad, released online today and due to air in Iowa and New Hampshire this week, features images of Romney as a young man with his family while Romney gives a voice-over:

from Tales from the Trail:

Just what is a “Lincoln-Douglas” debate?

Republican frontrunner Newt Gingrich and long-shot Jon Huntsman say they’ll hold a “Lincoln-Douglas” debate in New Hampshire on Monday. So how will it be different from the usual debates?

During the 1858 race for U.S. Senate in Illinois, incumbent Democrat Stephen Douglas and upstart Republican lawyer Abraham Lincoln held a series of seven three-hour debates in towns throughout the state on the day’s hottest topic: slavery.

  •