“I can't think of another presidential candidate in history who has ever tried to win the presidency by running against capitalism.” So said Rush Limbaugh of President Obama last week. Asked for a response during a Fox News interview, Governor Mitt Romney said, “There’s no question but that attacking capitalism.” Romney has also described the Obama presidency as a “debt-and-spending inferno.”
WASHINGTON — U.S. Republican presidential candidate Mitt Romney’s campaign said on Tuesday JPMorgan Chase & Co’s huge trading losses were an unfortunate part of a free market economy.
Romney adviser Eric Fehrnstrom told NBC that, while Romney supports some financial regulation, the losses at one of the nation’s largest banks involved investors, not taxpayers, and that rules for Wall Street shouldn’t hamper investments.
Infographic by i watch.
[via The Business Insider]
«Raise the Debt Ceiling» is the third of a series of collaborations between Remy and Reason.tv. You can watch Remy’s other videos here.
Visit the links below for more Reason coverage on the debt, deficit and government spending:
BBC’s Justin Rowlatt Embarks On A Journey Across Southern Africa To Examine The Huge Influence Of China On The Development Of The Continent.
A musical econoparody of the Deckers/Sparks song «Dominique», about Dominique Strauss-Kahn.
Lead vocal: Janis Liebhart
Background vocals: Johanna Bushnell, Scottie Haskell, Janis Liebhart.
Music Director: Greg Hilfman
Complete collection of Versus political musicals, with lyrics, are located here.
Full Episode From Last Night: Colbert throws a «We Got Bin Laden» theme party, and Francis Fukuyama warns of the Chinese threat.
(Meanwhile down south).
Click on images to transfer to Colbert, Stewart & Conan
To Kill a Mockingturd: Express ambivalence about the targeted killing of Osama? Not really. Stewart wants details.
Brutal Shave: Conan O’Brien gets his beard shaved by Will Ferrell here and talks about the three O’s: Osama, Obama and Oprah.
One for the books: Iconic footage of President Obama, and his team, watching live video feed from the operation that killed Osama Bin Laden.
In The Picture: Joe Biden – Vice President, President – Barack Obama, Brigadier General Marshall Webb, Admiral Mike Mullen – Chairman of the Joint Chiefs of Staff, National Security Advisor Tom Donilon, Bill Daley – Chief of staff, Antony Blinken, National Security Advisor to Joe Biden, Denis McDonough – Deputy National Security Adviser, Hillary Clinton – Secretary of State, Dr. Robert Gates – Secretary of Defense, John O. Brennan – Deputy National Security Advisor for Homeland Security and Counterterrorism, and James R. Clapper-Director of National Intelligence.
[via Flicker, White House. License: United States Government Work]
The real Trump roast at yesterday’s annual White House Correspondents Dinner:
Watch Obama’s Speech Trailer here.
«Critics howled that Reagan was being financially irresponsible, but the president pressed on. Once his cuts were fully phased-in and the hard fight against inflation was won, the economy took off like a rocket. Reagan’s achievements set up a great, long boom in the U.S. and the world that didn’t end until the economic crash in 2007. (Yes, there were periods of slower growth rates before that year, but none can be compared to the crash of 2007.)»
Controversial claim from Mr. Forbes in this WSJ-article.