election 2012

Fact-Checking the Presidential Debate

Voters didn't always get the straight goods when President Barack Obama and Republican Mitt Romney made their case for foreign policy and national security leadership Monday night before their last super-sized audience of the campaign. A few of their detours into domestic issues were problematic too.

Congressional Budget Office Warns of Recession in 2013

The nonpartisan Congressional Budget Office is warning that if $607 billion in tax increases and spending cuts all hit as scheduled, the U.S. will likely go into recession in 2013. It's a "fiscal cliff" we don't have to jump off.

Perry's Flat Tax Plan: Big Savings, Bigger Costs

On Tuesday, Texas Governor and GOP presidential hopeful Rick Perry finally entered the tax debate with "Cut, Balance and Grow," a startling new flat tax plan that borrows freely from Herman Cain's 9-9-9 proposal. But would it help American workers, or slash, topple and shrink the U.S. economy?

Is President Obama's Second Term in the Bag?

You might think Yale economics professor William C. Fair is a bit crazy. After all, he's predicting that President Obama will cruise to reelection in 2012. However, Fair has a good track record of predicting presidential outcomes based on his economic model.