Economy

Who Benefits From McCain's Proposal to Cut Capital Gains Taxes?

Surprise! It's the wealthy! Here's TaxVox: TPC's Katherine Lim has crunched some numbers on John McCain's proposal to temporarily cut...

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| Wed Oct. 15, 2008 10:47 AM PDT

Oversight of Hedge Funds/Top Dem Donors Postponed Until After Election

On Friday, the House Oversight and Government Reform Committee announced that a hearing scheduled for Thursday, October 16 on the...

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| Tue Oct. 14, 2008 9:33 AM PDT

McCain Passes on Opportunity to Introduce New Solutions on Economy; Obama Makes Him Pay

Today, another misstep for the McCain campaign. How much will it hurt the candidate? Just about everyone is suggesting John...

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| Mon Oct. 13, 2008 12:13 PM PDT
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A Jobless Rescue?

There's $700 billion for Big Finance but no bailout for American workers. Without job creation, all bets are off for an economic recovery.

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| Mon Oct. 13, 2008 12:00 AM PDT

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A Mortgage in Stockton Flaps Its Wings and Global Finance Collapses

This credit crisis didn't just "go global." It's been global.

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| Fri Oct. 10, 2008 12:00 AM PDT

Friedman on the Patriotism of Taxes

We go back and forth on Tom Friedman here at MoJoBlog, but we have to give him props for standing...

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| Wed Oct. 8, 2008 8:57 AM PDT
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Does Running eBay Qualify You to Oversee the Treasury?

John McCain apparently thinks so, naming Meg Whitman as a possible treasury secretary pick at Tuesday's debate.

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| Wed Oct. 8, 2008 12:00 AM PDT

Debate II - McCain Offers a Man; Obama Offers More

Last Thursday, during a McCain campaign town hall meeting in Denver, one participant stood up and challenged the GOP presidential...

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| Tue Oct. 7, 2008 10:32 PM PDT

Why AIG Went Down

Documents released today by a congressional committee investigating the collapse of insurance giant American International Group (AIG) paint a...

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| Tue Oct. 7, 2008 4:14 PM PDT
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The Gorilla in the Hearing Room

Lehman Brothers' Richard "The Gorilla" Fuld told a congressional panel that his firm was the victim of a "crisis of confidence." But was it the CEO's overconfidence that doomed the investment bank?

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| Mon Oct. 6, 2008 12:00 AM PDT

Bailout Bill Passes; Leading Dem Skeptic Issues Statement

Republicans got most of the attention (or blame) for stopping the bailout bill when it was first brought up in...

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| Fri Oct. 3, 2008 1:08 PM PDT
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Fireside Chat

As crisis looms, Sarah Palin calms the nation's nerves. Donchya worry.

Fri Oct. 3, 2008 12:00 AM PDT

Gas Shortage Update: Southeast Still Suffering

The Citizen-Times reports that while Asheville's gas problems are improving, similar shortages throughout the Southeast mean that supplies could decline again over the next few days. In Atlanta things are so bad that Georgia's governor wrote to President Bush to ask him to step in. Even Newt Gingrich has noticed, telling the AP that the Southeast is "like a Third World country." Speaking of...

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| Wed Oct. 1, 2008 11:09 AM PDT

Brodner's Cartoon du Jour: Naked Campaign # 26: Meltdown

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| Wed Oct. 1, 2008 12:00 AM PDT

Kevin Drum Wants You for the Bailout, But Consider This First

Kevin urges readers to call members of Congress and tell them to vote for the $700 billion bailout bill. In...

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| Tue Sep. 30, 2008 10:01 AM PDT

Third Long-Form Obama Ad Released: Boring, and That's the Point

Obama is continuing his run of long-form TV ads in which he speaks directly to the camera about the financial...

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| Tue Sep. 30, 2008 8:59 AM PDT

David Brooks and the Magic of Redefinitions

Kevin has his thoughts on the new David Brooks column. I want to highlight a passage he didn't address. Here's...

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| Tue Sep. 30, 2008 8:16 AM PDT
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Why the Bailout Sells America Short

As the House says no to the Wall Street rescue package, a former Wall Streeter explains why the plan was a bad deal.

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| Mon Sep. 29, 2008 12:00 AM PDT

Five Alternative Bailout Plans

The Bush administration is pushing its bailout plan by claiming the only way to save the economy is by having...

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| Fri Sep. 26, 2008 3:42 PM PDT

As Wall Street Bailout Talks Continue, House Democrats Form a Skeptics Caucus

As Capitol Hill negotiations on the Wall Street bailout proceeded on Friday afternoon, Representative Brad Sherman, a Democrat who has...

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| Fri Sep. 26, 2008 11:49 AM PDT