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News Jobs Taxes Friday, Jan 13 2012

DeKalb Residents React To Steel Dynamics

Butler Resident Diane Pinney: “We That Are On Social Security And Minimum Wages Cannot Afford Another Penny!” In letter written to the editor of The Butler Bulletin, Butler resident Diane Pinney wrote, “An article in today’s Journal Gazette (February 11, 1994) came to my attention. In fact, it hit me in the face! It seems that Keith Busse of Steel Dynamics, the Butler City Council, and Tom Lavin of the DeKalb County Council have been meeting directly, making deals for the Steel Dynamics plant that involve new taxes on Butler residents and all of DeKalb County…We that are on Social Security and minimum wages cannot afford another penny!!! When are we going to learn to say NO to this type of business deal? What are we going to get in return from this steel mill? I’m afraid that we’re only going to get taken- again!” [The Butler Bulletin, 2/15/94] See more reactions after the jump.

News Jobs Taxes Friday, Jan 13 2012

ICYMI: Romney Profited From Government Handouts

This morning, the Los Angeles Times reported on Mitt Romney's reliance on tax breaks and government subsidies while working in private equity. The article focuses on Steel Dynamics, the same steel company featured in Romney's positive ad released just this morning, and all of the government help they received. In fact, Dekalb County was forced to institute a new tax to pay for all of the handouts. Despite his constant opposition to government interference in the free market, Mitt Romney has a long history of profiting from government handouts. Research after the jump.

AB Leadership Economy Jobs Taxes Friday, Jan 13 2012

LA Times: Mitt Romney No Stranger To Tax Breaks, Subsidies

On January 12, 2012, the Los Angeles Times reported:

As Mitt Romney defends his record running a private equity firm, he frequently points to a fast-growing Indiana steel company, financed in part by Bain Capital, that now employs 6,000 workers. What Romney doesn't mention is that Steel Dynamics also received generous tax breaks and other subsidies provided by the state of Indiana and the residents of DeKalb County, where the company's first mill was built. The story of Bain and Steel Dynamics illustrates how Romney, during his business career, made avid use of public-private partnerships, something that many conservatives consider to be "corporate welfare." It is a commitment that carried over into his term as governor of Massachusetts, when he offered similar incentives to lure businesses to his state.

AB Leadership Jobs Wednesday, Jan 11 2012

Real Clear Politics: Romney's Tough Final Day In New Hampshire

On Janury 10, 2012, Real Clear Politics reported:

Romney's troubles began early in the morning when he told a crowd in Nashua, "I like being able to fire people who provide services to me." [...] The Democratic group American Bridge issued a research document hitting Romney with a more substantive question based on the heart of his remark -- firing a service that isn’t performing well. “Why did he refuse to fire the landscaping company he employed to take care of his lawn even after he found out they hired illegal immigrants to care for his property?” the group asked. “He waited until he was running for office (for Pete's sake!) to do something about it.”

AB Leadership Jobs Tuesday, Jan 10 2012

Reuters: Republican Foes Try To Brand Romney As Elitist

On January 9, 2012, Reuters reported:

The labels being attached to Republican U.S. presidential candidate Mitt Romney seem to be straight out of the Democrats' playbook. Elitist. Job killer. Out of touch. [...] One thing is clear: Accusing Romney of being an elitist matches what almost certainly will be a key part of the strategy of Obama's re-election campaign and groups that support the president. "In fact, we will do it much better than the Republicans are doing it now," said Rodell Mollineau, president of American Bridge, a Democratic "opposition research" unit that uses film footage of candidates' own words to discredit them.

News Economy Jobs Monday, Jan 9 2012

VIDEO: American Bridge Awards Rob Cornilles The BS Championship

With the college football BCS championship tonight only hours away, American Bridge 21st Century has decided to award our own “BS Championship” to Rob Cornilles, a candidate for Congress in Oregon’s 1st District. We have assembled a video highlighting his questionable business practices and tendency to inflate his record for political gain. “Rob Cornilles should know by now that he cannot blatantly lie to constituents and get away with it. He has a lot of explaining to do, and his BS Championship award will give him plenty of opportunities to talk about his business record on the campaign trail,” said Matt Thornton, spokesman for American Bridge 21st Century.

News Economy Jobs Wednesday, Nov 2 2011

Texas Tribune: UT/TT Poll: Most Texans Don't Credit Perry on Economy

On November 1, 2011, the Texas Tribune reported:

A key part of Gov. Rick Perry's pitch to Republican presidential primary voters is the performance of the state's economy — especially in job creation — during his tenure as governor. But Texas voters, for the most part, are more likely to see him as a bystander to the state's success than its driver, according to the new University of Texas/Texas Tribune poll.

News Foreign Policy Jobs Taxes Wednesday, Sep 7 2011

MEMO: Questions For The Republican Debate

Last month, the Republican Presidential candidates met on a debate stage about a week after the resolution of the debt ceiling debacle. In their attempts to top one another in their pandering to the Tea Party, their political brinksmanship outlined a vision for America that would have assured default and advocated dangerous economic policies that would push our economy over the edge. Tonight, the candidates meet while jobs are at the forefront of national attention. The American people want to see if these Republicans can offer something other than the failed policy prescriptions that got us into this mess. While Republicans want to talk about cutting taxes for corporations with record profits at the expense of the middle class, the American people expect answers to these questions...

News Economy Jobs Taxes Friday, Aug 12 2011

MEMO: Unanswered Questions From The GOP Debate / Rick Perry Joins The Race

Thursday night, the Republican candidates for President took the stage for a debate in Iowa.

Though the proceedings were overshadowed by Rick Perry, who is following in Fred Thompson's footsteps as the GOP's "next big thing," there was a moment in the debate which provided perhaps the most important insight into the current state of the Republican Party. Each of the candidates raised their hand to indicate that they would walk away from any compromise legislation that included revenue, even at a 10:1 ratio in favor of spending cuts. This should not be considered a surprise considering the brinksmanship of Republican candidates who have used extreme rhetoric advocating default or dangerous economic policies to push our economy over the edge.

With that said, here are the questions that we’re still waiting for Republican candidates to answer, after the jump.

News Economy Jobs Friday, Aug 12 2011

MEMO: Some Things To Consider As You Cover Rick Perry

Like his campaign predecessors Fred Thompson and Jon Huntsman, Gov. Rick Perry’s imminent announcement has inspired buzz and high expectations. Dissatisfied Republicans are in a frenzy over the GOP’s “next big thing.” Unfortunately though they fail to look past the glamour of a budding campaign and see who the candidate really is. We know political journalists will not do the same. Just as Fred Thompson failed to live up to the mythology surrounding his candidacy, America will soon discover Rick Perry is not what he seems. When the excitement around Perry inevitably dies down, as it did with Huntsman, an inherently flawed candidate will emerge. After the jump, some basic information to help guide you as you write about Rick Perry’s record in Texas, along with some important questions we hope this new presidential candidate will answer in the very near future.

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