republicans

Can the Tea Party Platform Reduce Unemployment?

The U.S. set the forces of globalization in motion, and now more than ever, it's clear we're suffering the consequences: high unemployment, stagnant or declining incomes, and rising costs for goods. Can the policies of the surging Tea Party provide solutions, or will they just make matters worse?

Decoding the GOP Argument Against Punishing Banks

Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks' Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.

Congress Passes Spending Bill: GOP Wins First Round of Federal Budget Battle

Right now, everything is coming up roses for the Republican Party: It's won the first round of the budget battle, and if the GOP%u2019s momentum continues, the new federal budget will reflect its spending-reduction priorities, not the Democrats'. Even so, if the two parties can agree on a budget, the greater danger, a potentially market-impacting government shutdown, will have been averted.

State Governments Are Just Adding to Labor's Woes

American labor unions have been in decline for a half-century now -- and, currently, virtually the only large unions still growing are those in the public sector. Until now. Cash-strapped states are attacking unions where it hurts by trying to strip them of the right to collectively bargain.

House Votes to End 'Car Czar,' 'Pay Czar' Posts

Republicans in the House of Representatives voted Thursday to eliminate the Obama administration's "car czar," as well as the "pay czar" who oversees compensation at companies bailed out with TARP money, and seven other presidential advisers.

Obama's Cuts: Less Than Meets the Eye, Thankfully

A parade of Republicans immediately lined up to attack the president's proposed budget cuts this week, claiming the plan falls short of making a real difference. They're right. And that's good, because really deep cuts are the last thing the economy needs right now.

Obama's 2012 Budget: Why Federal Spending Needs to Be Raised, Not Cut

President Obama's proposed spending plan seeks to slash $1.1 trillion from the deficit over the next decade. Republican House Speaker John Boehner says that's too little. In fact, the cuts go too far in the wrong direction: With the economy still recovering, Obama should raise federal spending.

Obama's Mortgage Reforms: Higher Standards -- and Costs

The administration's proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgages costlier, with potential harm to the housing market.

State of the Union: Obama Eager to Fix Health Reform Law

In his State of the Union address, President Obama didn't shy away from tackling the ongoing questions about the health care reform law head on. And though he opened with a joke, he made it clear that while he's serious about repairing any flaws in the law, repeal is not an option.

Gov. Brown Declares State of Fiscal Emergency in California

Newly-installed California Gov. Jerry Brown declared a state of fiscal emergency on Thursday, underscoring the need for quick legislative action on the state's massive budget deficit. Without corrective action, he said, California's combined deficit for this year and the next will be $25.4 billion.

Getting to Zero: How Congress Could Balance the Federal Budget

It took about 10 years of decisions for the federal budget to get more than a trillion dollars out of whack, and it's going to take at least five years to balance it again. The only way to do it is piece-by-piece, with equal sacrifices from both Republicans and Democrats.

Will Obamacare Really Kill 1.6 Million Jobs?

The Republican opposition in Congress has put that number on the impact they say health care insurance reform will have on employment. The law's proponents say their figure is way off target. The real affect will likely depend on how the law actually gets implemented.

From Colorado Springs: Lessons for America's Budget-Cutters

Some communities question if they can function along the Spartan economic guidelines touted by Tea Party activists. One place those municipal leaders might want to examine is Colorado's second-largest city. It's a laboratory in draconian fiscal conservatism.

Tax Compromise: Why Something Was Better Than Nothing

If a compromise by definition is a deal that pleases no one, then the tax deal that cleared Congress Thursday was a rousing success: Conservatives and liberals both dislike it, but those who voted for it agreed that the alternative -- letting taxes rise for everyone -- would have been worse.

Markets Are On the Rise Since the Fed Launched QE2

Republican leaders may be worried about the Federal Reserve's second round of quantitative easing, but the stock and credit markets are not: They have improved significantly since the QE2 plan was announced, Bloomberg reported Friday. But can that rally be solely attributed to QE2?

What the New Tax Law Deal Means for You

After a revolt by unhappy Democrats, the tax bill has finally passed. The Obama tax cut compromise extends Bush-era tax reductions on income, capital gains and dividends through 2012. But there were also some changes. Here's how the tax bill affects you.

Four Stocks to Buy After CEOs Meet With Obama

The CEOs of 20 companies are visiting the White House Wednesday, and those executives will try to get something in return for the political cover they're giving President Obama. That could mean higher earnings for their shareholders down the road -- so which ones should you have in your 2011 portfolio?

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Tax Cut Deal May Incite Bond Vigilantes, 'Dr. Doom' Warns

Nouriel Roubini, the NYU economics professor who has earned the nickname "Dr. Doom" for his predictions, says he's concerned the tax cut compromise struck by President Obama and GOP leaders could expose the U.S. to bond vigilantes who will drive up bond yields, resulting in higher borrowing costs for the federal government.

Americans Deeply Divided Over Tax-Cut Extensions

While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue -- and for how long.

Federal Reserve Releases Massive Amount of Bailout Data

The Fed on Wednesday released detailed information about the efforts it took to stabilize financial markets during the recent downturn. The Fed, which is facing increasing criticism from conservatives, defended its actions, and noted that no money was lost on its bailout programs.

Record Corporate Profits Are Coming Out of Workers' Hides

The Commerce Department reports that U.S. corporate profits have hit historic highs, so why isn't the GOP -- the party of business -- celebrating? After all, those profits are coming not from revenue growth -- which would benefit workers and executives -- but from cost cutting.

GOP Blocks Bill to Extend Jobless Benefits

Unemployed Americans are facing a bleaker holiday season after Republicans in the House of Representatives thwarted an expedited effort by Democrats to extend jobless benefits into next year. The measure passed by a 258-154 vote, but failed to meet the two-thirds majority required for "fast-track" legislation. Republicans opposed the legislation because it wasn't paid for with unused funds from last year's economic stimulus program.

Coffee Break: Hilary Kramer's Post-Election Stock Picks

Grab a cup of java and listen to this short video of Hilary Kramer, respected investment adviser and editor of GameChangerStocks.com. Now that the elections are over and the Republicans have control of the House of Representatives, Kramer says that trillions of dollars on the balance sheets of corporations will be put to good use. Here's how you can profit.

SEC's Mary Schapiro Says Midterm Elections Won't Affect Regulation

Mary Schapiro, chairwoman of the SEC, said she doesn%u2019t expect that the recent mid-term elections will affect the overhaul of the U.S. financial regulation. As long as financial regulation bill Dodd-Frank is on the books, the SEC will enforce it, Schapiro said.

Is Gridlock Good for Stocks?

Tuesday's election results probably won't affect the stock market much, at least not in the short term since the outcome was largely anticipated. But even so, it's worth thinking about the effect divided government could have on the stock market over the next two years.