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Politicians May Want to Heed Fed's Warning

Wed, 16 May 2012 18:41:56 EDT

NEW YORK (TheStreet) -- President Barack Obama and House Speaker John Boehner both gabbed this week about budget showdowns, but the only words that mattered Wednesday were uttered by the Federal Reserve.

The Fed warned of fiscal tightening in 2013 if Congress doesn't reach agreement on a plan for the federal budget.

House Speaker John Boehner ...

Obama Racks Up Funds as Super PAC Takes Aim

Wed, 16 May 2012 10:42:55 EDT

NEW YORK (TheStreet) -- Barack Obama and the Democratic National Committee jointly raised $43.6 million in April, the president's campaign said Wednesday.

The haul was a 21.6% decrease from March's fundraising total, but close to February's amount of $45 million. ...

Former SEC Commissioner: Beware Shareholder Activists

Wed, 16 May 2012 06:39:00 EDT

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George W. Bush Says He's 'For' Romney

Tue, 15 May 2012 12:59:03 EDT

NEW YORK (TheStreet) -- George W. Bush is "for" Mitt Romney.

The 43rd president uttered this endorsement of sorts on Tuesday morning through closing elevator doors, according to a report from ABC News.

43rd President of the United States ...

Ron Paul Says He's Not Out of the Race ... Yet

Tue, 15 May 2012 12:34:01 EDT

NEW YORK (TheStreet) -- Ron Paul's campaign insisted it's still in the race, but its explanation clarified very little.

"At this point, endorsement of Mitt Romney is still premature, because Dr. Paul is still a candidate," Jesse Benton, Paul's chief strategist, said during a conference call on Tuesday. "I would never say never. I do not believe that that is likely, but we don't deal in absolutes and close everything out."

Ron Paul ...

Romney Pits His Jobs Record Against Obama's

Tue, 15 May 2012 10:35:08 EDT

NEW YORK (TheStreet) -- Mitt Romney's campaign shifted Tuesday to one number: 23 million.

A day after Barack Obama's campaign slammed the presumed GOP nominee for shuttering a steel mill in 2001 that once employed 4,500 people, Romney returned fire with a message that hit the president for some 23 million people who are currently unemployed, underemployed or not actively seeking work.

...

Ron Paul Gives Up Texas

Mon, 14 May 2012 15:30:59 EDT

NEW YORK (TheStreet) -- Ron Paul will ignore his home state's primary to focus on concluded contests.

In an email to reporters, Paul said he wouldn't spend any more resources on upcoming primaries, choosing instead to focus his attention on the state conventions.

Ron Paul ...

Obama Recycles Romney Steel Mill Closure in New Ad

Mon, 14 May 2012 13:22:10 EDT

NEW YORK (TheStreet) -- Barack Obama's campaign appears to have dug up an attack from Mitt Romney's 2002 gubernatorial race.

The president launched an ad on Monday that criticized Romney's handling of a steel mill that went bankrupt under the management of Bain Capital.

...

Bob Turner Blunt on Energy Policy

Mon, 14 May 2012 07:00:00 EDT

The Real Story Behind the U.S. Auto Bailouts

Mon, 14 May 2012 06:00:00 EDT

NEW YORK (TheStreet) -- Detroit's relationship with local boy Mitt Romney is ... complicated.

The son of a former Michigan governor and automobile industrialist finds himself in a critical battle to gain trust among American blue-collar voters that perceive him as a wealthy, private-equity businessman who was open to letting an icon of American manufacturing take an unprecedented fall.

Mitt Romney must cure his auto-sector headache ...

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Rove, Gibbs Square Off Over Obama-Romney Match

Fri, 11 May 2012 15:14:18 EDT

By Jeff Cox, CNBC.com Senior Writer

NEW YORK (CNBC) -- Put a room full of hedge fund pros together to talk politics and chances are pretty good that it's going to be more fun to be Karl Rove than Robert Gibbs.

So it went Thursday morning when Rove, the top adviser to former President George W. Bush, and Gibbs, a top-level campaign guru and former White House press secretary for President Obama, squared off at the SALT conference. The few thousand hedge fund managers were noticeably more vocal in their support of Rove's position. ...

Obama's Big Bet to Nail Romney on Autos

Thu, 10 May 2012 16:10:39 EDT

NEW YORK (TheStreet) -- President Barack Obama's campaign on Thursday jabbed Mitt Romney on the auto industry in key swing states.

Three new ads were launched in Colorado, Florida, North Carolina, Iowa, Ohio, Virginia, Pennsylvania, New Hampshire and Nevada, according to The Washington Post,

The spots highlight an auto worker's appreciation that the president saved the industry's thousands of jobs, Obama's explanation of why he felt government intervention was the right decision and how the economy gradually improved after Obama entered office. ...

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Mitt Romney Has to Improve His Story to Investors

Thu, 10 May 2012 13:29:56 EDT

By Larry Kudlow, CNBC Anchor

NEW YORK (CNBC) -- While President Obama is out on the campaign trail talking about how bad things were four years ago, and how we have to go "forward" to his second term to see just how great things are going to be in the next four years, the biggest problem he's got is the here and now.

Real GDP in the second quarter stalled at 2.2%. There were a paltry 115,000 new jobs in April. The labor force shrank by 342,000 for the month, and the 63.6% labor-force participation rate is now the lowest since 1981. There are roughly 23 million people classified as either unemployed, underemployed, or no-longer-looking. And median household income has dropped by $4,300 during Obama's time in office. This all adds up to a tough indictment of the administration's economic policies. ...

Meet the Man Who Unseated Dick Lugar

Wed, 09 May 2012 16:47:50 EDT

President Obama Backs Gay Marriage

Wed, 09 May 2012 15:56:41 EDT

NEW YORK (TheStreet) -- President Barack Obama expressed support for same-sex marriage on Wednesday.

The announcement came in an interview with ABC News as the president said he thought about all his friends, family, neighbors and staff who are in committed relationships and raising kids. He also pointed to soldiers in the military.

Obama officially announces support of same-sex marriage ...