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Long Ago...
Once upon a time when politicians got caught lying in their campaign
ads, they would pull the ad and, maybe, issue a limp apology. Not now.
Not Romney. He's lying when he says Obama is “gutting welfare reform.”
Everyone – Ds, Rs, MSM editors and journalists, policy wonks, probably
even FOX – knows for a fact that Romney's blatantly lying. It is as
demonstrably false as any claim ever aired by a major-party presidential
candidate, which certainly qualifies Romney for the office.
Guilty As Accused:
Todd Akin, Republican candidate for the senate from Missouri, will not
back down on his rape/pregnancy comment because his “creator God” wants
him to spread the message, which is – some say - backed up by Nazi death camp experiments. And besides, sometimes that's God's way of getting you pregnant, according to another Republican troglodyte. Are there any R's running who are actually fit to govern?
Prioritization: Ideology trumps electability in the abortion plank of the Republican platform, which calls for a total ban on abortion – with no exceptions - and establishing the 'personhood' of zygotes and fetuses in an amendment to the Constitution (supported by
both Ryan and the now infamous Rep. Akin). This would criminalize IUDs,
oral contraceptives, in vitro fertilization and stem cell research. It
would place the US in the exclusive “no exceptions” club with Chile, Dominican Republic, El Salvador, and Nicaragua.
Another Twist:
Perhaps it is not the income and foreign accounts and such that keeps
Romney from releasing more tax returns, maybe it's because he claimed he
lived with his son in a Massachusetts basement, not out of state (as he
apparently did). Which would open him to charges of voter fraud.
Spiraling:Pretty
much Italy is doing everything wrong. It has a high debt to GDP ratio
and is pushing austerity measures to bring down the debt level, but the
austerity cuts will result in GDP falling 2.3% this year and 1.4% next.
The economic slowdown in Europe has not skipped Italy, where rising
unemployment has led to falling consumption. To raise more money to
narrow the debt, the government has raised taxes on consumption (leading
to less consumption leading to lower tax revenues and so on). Is Italy
going to follow Spain down the drain? Who can save them, Germany? Note
that this is what the R's want to do to the US. Who's gonna save us?
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there's more - go there
Friday: Retail Sales, Industrial Production
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 8:30 AM ET, *Retail sales* for Oct...
13 hours ago
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