New York Times
Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between top executives and shop floor laborers; between “Master of the Universe” financiers and pretty much everyone else.
New York Times
We don’t yet know whether our economy will take the icy plunge off the fiscal cliff, but do we know this: At present course and speed, any budget deal that emerges from the intense brinkmanship now under way would fall short of every sensible ambition for fiscal reform.
New York Times
Almost lost in the tug of war over whether the top income tax rate should be 35 percent or 39.6 percent is another consequential tax issue: the proper rate for capital gains and dividends.
Politico
As the punditocracy dives deeply into its postgame dissection of Tuesday’s presidential contest, the president’s decision to help the auto industry and former Gov. Mitt Romney’s famous call to “Let Detroit Go Bankrupt” have loomed large in the discussion.
Financial Times
Ohio. Ohio. Ohio. As the 2012 presidential election races to a nail-biting conclusion, all eyes are on the Buckeye State. Without it, Mitt Romney almost certainly will not win the White House.
msnbc.com
Mitt Romney is accusing President Obama of having “sold Chrysler to the Italians” in a new ad, building on all the wild charges and allegations that have permeated this presidential campaign with a whiff of xenophobia.
New York Times
MITT ROMNEY, moderate. That earnestly sought post-debate public image contrasts starkly with Mr. Romney’s actual positions on many issues, especially the future trajectory of government spending.
Financial Times
Falling sales. Too many factories producing too many cars at excessive cost. Mounting losses at manufacturers. An urgent need for action. That’s what my colleagues and I found when we took up our posts as members of President Barack Obama’s auto taskforce and that is what confronts European carmakers today – except without a taskforce or a central government to ram through the needed changes.
New York Times
WE need death panels.
Well, maybe not death panels, exactly, but unless we start allocating health care resources more prudently — rationing, by its proper name — the exploding cost of Medicare will swamp the federal budget.
Financial Times
Amid all the hoopla surrounding the choice of Paul Ryan as the Republican candidate for vice president, and Senate candidate Todd Akin, let us not forget the still significant matter of Mitt Romney’s tax returns and what they say about the sorry state of US tax policy.
