President Barack Obama, whose chances for re-election may rest on his ability to show U.S. voters he is doing all he can to reduce unemployment, offered on Monday to personally pass along the resume of an unemployed engineer to potential employers.
Tales from the Trail
When renowned investor George Soros referred to Newt Gingrich as an “extremist conservative” last week, he didn’t mean it as a compliment. But that hasn’t stopped Gingrich from wearing it as a mark of honor.
Last week a public workers union launched a television ad that raised an old question about presidential candidate Mitt Romney’s connection to Damon Corp, a company that defrauded Medicare by the millions while under the watch of Romney’s private equity firm Bain Capital. Thursday, the Super PAC Winning Our Future, which supports Romney’s Republican rival Newt Gingrich released the trailer for a campaign video titled “Blood Money” that echoes the same criticism.
Leon Panetta, famous here in Washington for being a “budget guy”, has a budget challenge at the Pentagon that few would relish. He probably doesn’t relish it either, but it could be the crowning achievement in a remarkable career if he pulls it off.
Republican some-time folk hero Ron Paul has been mostly missing in action in Florida, a winner-take-all primary state that votes next Tuesday. Currently pulling down only about 10 percent support in the Sunshine State, the Texas Congressman has opted to seek out more fruitful pastures in his quest to assemble delegates for the 2012 convention. Paul’s yard sign elves remain busy, though, and Paulite insurgents have shown up at a number of other events, sometimes jostling with supporters of, for example, Rick Santorum.
Some great news for all you borrowers today from the Fed. Interest rates are likely to remain around zero until at least late 2014. That’s later than previously expected, and to put things in perspective, it’s nearly two years into the term of the president who will be elected in November.