Vice President Joe Biden made an aggressive entry into the 2012 campaign Thursday, calling out Mitt Romney and the other Republican presidential hopefuls by name for their failure to support the auto bailout.
I inadvertently left off an item regarding trade wars that I intended to mention in Mish 2012 Predictions; 2011 Year in Review with Max Keiser. I also have some commentary on the US election, precious metals, and energy.
BEIJING — In a sharp rebuff to the United States, China accused Washington on Wednesday of taking Japan’s side in a tense clash over disputed islands in the East China Sea, underscoring rising regional friction as visiting Vice-President Joe Biden met with Beijing’s leaders.
A number of proposals on taxes and the budget have come out recently, one by President Obama, one by Mitt Romney, and one by a friend, John Mauldin.
Every one of the proposals are fatally flawed, most of the for multiple reasons. Before one can fix a problem one must understand it.
In general, Democrats want to raise taxes and spend money.
Republicans on the other hand generally want to cut taxes and spend money. Military spending and Medicare spending both soared under Republican. Bush signed a disastrous Medicare bill.
Reuters - Republican presidential hopeful Mitt Romney defended his stand against federal lending to rescue the nation's ailing automakers during the recession while on a visit to Michigan -- the state that most benefited from that move -- on Thursday.