The fact that Mitt Romney’s tax plan is mathematically impossible was reinforced again on Friday, when Mark Zandi, a former John McCain campaign adviser and Chief Economist at Moody’s Economy, admitted as much.
Speaking on CNN’s “Starting Point,” Zandi acknowledged a study by the Tax Policy Center that shows Romney’s plan to lower taxes by 20 percent across the board, while making up those losses in government revenue by closing loopholes on the wealthy, doesn’t add up. Zandi even went so far as to say that “the arithmetic doesn’t work as it is right now”:
Jamie Dimon, the CEO of JPMorgan Chase, made headlines this week for an interview at the Council on Foreign Relations in which he said that buying Bear Stearns in March, 2008 was a “favor” to the Federal Reserve, and that JPMorgan had lost money on the deal. But there was another part of his interview where he talked about lending to states that caught my attention:
DIMON: OK, so — (laughs) — this company, JP Morgan and Chase — (inaudible) — went through ’06, ’07, ’08, ’09, 2010, 2011, 2012, never lost money in a quarter, didn’t need TARP and was there for a lot of people when others weren’t. California, New Jersey, Illinois, hospitals, schools, businesses.
The Libertarian Party nominee tells Salon that Obama's as militaristic as Bush, and Romney's simply "wacky nuts" .
Gary Johnson served eight years as the Republican governor of New Mexico, where he endeared himself to libertarians by vetoing hundreds of bills that conflicted with his small-government worldview. An avid extreme sports enthusiast, he’s climbed Mount Everest and run Ironman triathlons since leaving office in 2003, while also becoming one of the country’s most outspoken voices against the drug war.
This year, he ran for the Republican presidential nomination, but was shut out of all but one debate. So he left the party and ran for and won the Libertarian Party’s nomination, on whose ticket he is now running the most visible third-party candidacy of the year. He spoke with Salon for the second installment of our Better Know a Lesser-Known Candidate series. This conversation has been lightly edited for brevity.
The Syrian Airbus A320 was intercepted by Turkish fighter jets on its way from Moscow to Damascus on Wednesday and forced to land in Ankara.
A Syrian plane that was forced to land in Turkey was legally carrying Russian radar parts for Syria, Russia's foreign minister said Friday.
Sergey Lavrov insisted the shipment of "electric equipment for radars" was a legitimate cargo that complied with international law, but he added that it was of "dual purpose," meaning it could have civilian and military applications.
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