Democratic-controlled states throughout the country are experiencing financial difficulty and out-migration. President Barack Obama’s home state of Illinois, for example, recently had its credit rating downgraded by Standard & Poor’s following a failed effort to reform the state’s massively underfunded pension system. The state’s credit rating is now among the worst in the country.
The United States economy lost 16,000 manufacturing jobs in September, the Bureau of Labor Statistics reported Friday, on top of the 22,000 lost in August.
This morning on MSNBC’s “Daily Rundown,” Obama Deputy Campaign Manager Stephanie Cutter attacked Mitt Romney’s pledge to create 12 million new jobs.
The United States ranked 18th in a recent study on worldwide economic freedom, falling behind countries such as Finland, Chile, Mauritius, and Qatar.
A new Rasmussen Reports poll of likely voters suggests Bill Clinton faces a tough challenge in his address to the Democratic National Convention in Charlotte this evening.
Economists predict the U.S. poverty rate will approach 16 percent this year, matching or surpassing the highest poverty levels since the 1960s.
The Democratic Party’s plan to allow nearly $600 billion of automatic tax hikes and spending cuts to take effect in January unless Republicans agree to raise taxes on upper-income Americans is backed by a single report from a long-time Democrat with no private sector experience.
At his speech in Ohio today, President Obama touted a new economic report that claims Romney’s tax policies regarding American companies’ foreign incomes will create 800,000 jobs overseas.
Four days after the New York Times ran the headline, “In Latest Data on Economy, Experts See Signs of Pickup,” the International Monetary Fund has trimmed its 2012 and 2013 U.S. growth estimates.