Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Gordon Campbell US Election 2012 Blog - Update #5

Gordon Campbell US Election 2012 Blog - Update #5


Scoop Political Editor Gordon Campbell is live blogging the US election results as they come in at:
GordonCampbell.scoop.co.nz

Update 12.35pm

Wow. Without even blinking, CNN just gave us an incidental summary of Romneyeconomics : he’ll give everyone a 20% tax cut, and close some tax loopholes. “That’s how he’ll deal with the deficit.” Oh good. And he’ll massively increase defence spending. No wonder The Economist recently endorsed Obama, however grudgingly. Their dissing of Romney was on the button :

…Far from being the voice of fiscal prudence, Mr Romney wants to start with huge tax cuts (which will disproportionately favour the wealthy), while dramatically increasing defence spending. Together those measures would add $7 trillion to the ten-year deficit. He would balance the books through eliminating loopholes (a good idea, but he will not specify which ones) and through savage cuts to programmes that help America’s poor (a bad idea, which will increase inequality still further). At least Mr Obama….has made it clear that any long-term solution has to involve both entitlement reform and tax rises. Mr Romney is still in the cloud-cuckoo-land of thinking you can do it entirely through spending cuts: the Republican even rejected a ratio of ten parts spending cuts to one part tax rises. Backing business is important, but getting the macroeconomics right matters far more.

Loved this verdict from yesterday’s Financial Times :

…Iinvestors are attempting to position themselves in different asset classes for an uncertain outcome. “Romney’s policy is dollar-bullish while Obama’s re-election means the status quo: dovish monetary and expansionary fiscal policy and so dollar-bearish,” says James Kwok, head of currency management at Amundi.

(Back in 15 minutes…)

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:

Max Rashbrooke: Why The New British Conservative PM Is Talking Inequality

In a major speech, May honed in on one key theme: an economy “that works for everyone”. It was strikingly like the language that the former British Labour leader, Ed Miliband, used in last year’s election campaign, as he put inequality front and centre of his – unsuccessful – political pitch. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news