Republican presidential candidates
At various points in the past three months, Texas Gov. Rick Perry, Minnesota U.S. Rep. Michele Bachmann, former Godfather's Pizza magnate Herman Cain, former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich have all played front-runner in the race for the Republican presidential nomination. Their various missteps along the way, however, have made it unclear whether any of them actually wants the job or would ever affect the economy in any tangible way. Indeed, Cain, a former front-runner, has shown his commitment by "suspending" his presidential bid.
Economic game plans such as Romney's vow to decrease the corporate tax to 25%, open free trade to South Korea, Colombia and Panama, and cut all nondefense spending by 5% are just plans right now. But that's just fine by current front-runner Gingrich, the only candidate who can boast -- with varying degrees of correctness -- about his role in passing multiple balanced budgets.
The economists' grade: D- (two gave grades and two gave an "incomplete")
Why: Frank sees them bringing to the table "absolutely nothing. They have nothing to propose" and being so "ideologically blind to the way the economy works that it frightens me that any one of them might be in power."
The managers' grade: C
Why: Three gave grades and one gave an "incomplete." Nolte and Pavlik agree the candidates lack cohesive programs to fix things. Hodges sees the candidates as flawed but having "some very pro-business policies, especially when it comes to energy and infrastructure things, especially tax policies" and Auxier likes that they're "offering solutions besides raising taxes."
The advocates' grade: C- (four gave grades and one gave an "incomplete")
Why: Van Slyke says too many members "fight for the 1%." Moss loves the spotlight put by Cain and Perry on simplifying the tax code and hopes Gingrich and Romney pick up the theme.
Gridlock in Congress is not new, but the 112th U.S. Congress brought the cacophony to a new level. It began in January with a petty disagreement between Democrats and Republicans over the reading of a modified version of the U.S. Constitution. By April, there was a real possibility of a government shutdown and 800,000 furloughed government employees as the two sides bickered. A deal was struck at the eleventh hour, but only after a one-week deadline extension to allow more bickering.
Congress' ineptitude truly took the spotlight in July and August during the debt-ceiling negotiations. With the threat of a U.S. default running up against concern over the ballooning debt levels, Democrats and Republicans took the debate all the way to the Aug. 2 deadline, which is when the Treasury estimated its borrowing ability would have been depleted. Even though an agreement was forged, the brinkmanship in Congress resulted in a downgrade of U.S. debt by Standard & Poor's, the first time the U.S. has lost a prestigious triple-A rating in history.
In the aftermath, a 12-member committee was formed as part of the August budget control act. The so-called supercommittee was tasked with finding $1.5 trillion in deficit reductions to be made over a 10-year period -- and despite roughly two months to complete the job, failed.
The economists' grade: D- (four gave grades)
Why: Powell and Parker see Congress taking the country down the same path as bankrupt countries in Europe. "I think Congress deserves an 'F' and I suspect most of the American people feel that way," Frank says.
The managers' grade: D (all five gave grades)
Why: Four were largely horrified by Congress -- in fact, Dailey says the houses have notched a "horrific year" from a policy and leadership perspective, participating in "blatant political posturing." Pavlik says that "if my employer assigned me a task, I'd be out of work if I didn't complete it."
The advocates' grade: C- (four gave grades)
Why: Van Slyke summed up her grade in the single, recurring word: "gridlock." Elliott asked "Have they done anything?" Morran saw signs of actual anti-consumer sentiment (including the roadblocks thrown in the path of the Consumer Financial Protection Bureau).
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NOVEMBER 6th, 2012 is almost here...then, I plan to vote out ALL D.C. incumbent politicians. Heck, I can balance my budget, so maybe I should run for office!
Seriously, the folks in D.C. DO NOT know which way is up!
Yeah... 'F's all the way around... corruption (Solyndra, Fast & Furious), Healthcare disaster, Libya invasion, Egypt screw up, proIslam dermolition of NASA, economic ruin, death to the US currency supply, multiple million dollar vacations, continued secrecy on his background as he out everyone else. The worst president in history. Out with the facist, marxist, redistributionist. The class warfare was started BY Obama, and HE IS one of the 1%ers.
Before we can blame or hold accountable anyone we need to look at ourselves first. By all means I am in agreement we need a change with the politicians...
Spending money we do not have, not their problem.
Buying a house you can not afford, not their problem.
Driving expensive cars you can not afford, not their problem.
Living above your income, not their problem.
Why not put an effort into buying your own products....(made in USA).
We all need to wake up and quit blaming everyone else for our problems, we have the ability to make changes, so let's start now......Hold everyone accountable.
Our government makes it way to easy.....Let's fix welfare abuse......why are our tax dollars supporting people that do not help themselves? Get something in return like working for it!!!!! Fix our social security, how in the heck can someone collect without contributing???? Fix unemployment, there are jobs out there just check monster, career builder and others. Use the money to make up the difference if you are taking a lower paying job than previous for the 26 weeks or so, use the rest to train for people new positions. Let's all look in the mirror and start holding ourselves accountable for our actions. We are always wanting someone to bail us out of our poor choices. Yes people will always need help, help the ones that need it and deserve it like our veterans and elderly as an example.....it is sad to know we have these individuals living in poor conditions while we keep giving to others to do nothing....
Then we need to look hard at our present leaders an start holding them accountable for their actions......we all would get fired if we did not do our jobs...why should they keep theirs for not doing theirs...take the open check book off of them.
Having obama for president is like having a premed student perform open heart surgery.
(black Alfred E. Newman (Mad Magazine) or black Howdy Doody) LOL Doesn't look like one of 'em?
it's sink or swim time when half of this country just fell below the poverty line...is it necessary for both parents to work 2 or maybe even 3 jobs each to survive?...we used to be a country that worked to live, we are now a country that lives to work, no time to enjoy our "freedom", we work for the government and insurance companies now, plain and simple (look at your paycheck, how much is social security? taxes state and federal? and the rest is insurance, it's at least 1/3 if not more) ...so far the riots have been peaceful, if they keep failing to act and keep spending, History shows us the people will push back
A poor excuss for human flesh.
Obama is not a leader, he is a bleeder of this economy!
Congress is not helping out by trying to control Obama, but someone needs to do it so he will not
any more screw ups and dig this country into a deeper hole.
We need to freeze his assets and put him up for trial of treason!
Fix our social security, how in the heck can someone collect without contributing????
....well Steelerguy, I don't know, everything I've read says you must work and contribute for a minimum for 40 calendar quarters (that's 10 years) in order to collect SS benefits, and that's right in the SSA website. Perhaps you can explain to us how you can get SS benefits without earning them.
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[BRIEFING.COM] The stock market finished a down week on a cautious note with small caps leading the retreat. The Russell 2000 lost 0.5%, widening its weekly decline to 2.6%, while the S&P 500 shed 0.3%. The benchmark index ended the week lower by 2.7%.
This morning, the market was provided a basis to rebound with the July employment report, which was just right for the policy doves (209K versus Briefing.com consensus 220K). It showed payroll growth that was weaker than expected, ... More
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