Romney: “Mr. President, Take Your Campaign of Division and Anger and Hate Back to Chicago,” – The Hill  “Mitt Romney used a tough new campaign speech to personally blast the Obama campaign on Tuesday, saying comments earlier in the day from Vice President Biden are ‘what an angry and desperate Presidency looks like.’ Romney was responding to Biden’s suggestion that the GOP ticket’s economic policies would ‘put y’all back in chains.’”

Economic Lessons from the Olympics: REWARD, NOT ENVY, Is American Way – Washington Times  “Civilization can only advance when individuals are both encouraged and rewarded for excellence. The men and women who designed, built, and succeeded in placing the new SUV-sized rover on Mars receive and deserve our acclaim. The late Steve Jobs is widely admired for creating the world’s most valuable company and for being a genius in product innovation and marketing. Thomas Edison was even more innovative a century earlier — the light bulb, the phonograph, the electrical generation and distribution system, etc. — and he also built one of the world’s largest companies, General Electric. The medals we pass out to inventors, entrepreneurs, and businessmen for superior performance are dollars. … A society that rewards envy and punishes success is not kind, fair, or pleasant. A society that rewards excellence with acclaim, and yes, money, will see more excellence that lifts and betters everyone.”

President Obama’s Smashing Success Story: Greatly Increasing The Power Of Government – Forbes  “The traditional measure of the success of an Administration’s economic program has been real economic growth, employment growth, the unemployment rate and the like.  Based on these criteria, the Obama Administration’s economic program has been a dismal failureIn the domain of power, the President’s successes are historic.  Given his criteria of success, sacrificing the jobs of several million Americans are of little consequence when compared to this vast and potentially permanent increase in the power of the federal government over the life, liberty and pursuit of happiness of the American people.”

Stagflation Is Back, Ready or Not: U.S. Revisiting Economic Woes of 1970s – MarketWatch  “The dreaded combination of stagnation and inflation has returned, bringing with it new challenges for policy makers, investors, business people and consumers. As far as policy goes, it is tough enough to reduce unemployment. It is also no picnic to keep inflation at bay.”

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