Business Fears The Obama Cliff, Not the Fiscal Cliff – Investor’s Business Daily  “The New York Times says businesses are cutting back because of the ‘fiscal cliff’ of spending cuts and tax hikes that’ll kick in should Congress remain gridlocked. But what worries businesses more is the Obama Cliff. … The real problem they face is the cliff of a potential Obama reelection.’    MUST READ!

Romney Says Obama Favors ‘Culture of Dependency’ – AP/Yahoo  “Republican Mitt Romney accused President Barack Obama on Tuesday of ditching a long-standing work requirement for welfare recipients, accusing him of fostering a ‘culture of dependency’ and backing up the charge with a new television commercial. … He said that, just recently, Obama ‘has tried to reverse that accomplishment by taking the work requirement out of welfare. That is wrong, and If I’m president, I’ll put work back in welfare. …We will end a culture of dependency and restore a culture of good, hard work,’ he said.”

Emails: Geithner, Treasury Drove Cutoff of Non-Union Delphi Workers’ Pensions – Daily Caller  “Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company. The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.”

Bernanke’s Nightmare Audit Pushed for Romney’s Platform – Bloomberg  “Federal Reserve Chairman Ben Bernanke calls it his ‘nightmare scenario.’  One of Mitt Romney’s top economic advisers called it ‘trouble.’ Yet as they look to their national convention starting in Tampa on Aug. 27, Republicans are considering including a plank in their party platform calling for a full audit of the central bank.”

Be Sociable, Share!

•