Lis Smith, a spokesman for President Barack Obama's reelection campaign, touted Solyndra by saying the failed energy company that received federally backed loans has been "widely praised as successful and innovative."
In an interview on CNN last night, former President Bill Clinton praised Donald Trump, a supporter and fundraiser of presumptive Republican nominee Mitt Romney. "Donald Trump has been uncommonly nice to Hillary and me," Clinton tells CNN. He later adds: "I like him. And I love playing golf with him."
In an interview on CNN this evening, former President Bill Clinton completely undermined President Obama's campaign strategy of attacking Mitt Romney and his record as a businessman. Clinton praised Romney's "sterling business career":
John Engler, the former three-term governor of Michigan and current president of the Business Roundtable, calls the House Republican budget proposal a "courageous exercise" and says it has "intriguing ideas" regarding tax and entitlement reforms.
An appropriate accompaniment to this season’s return of Mad Men is Jane Maas’s entertaining and rueful memoir of what it was like to be an advertising woman in the 1960s and ’70s. Maas, a star copywriter who became a creative director and president of an agency, is best known for being the “mother” of the successful “I Love New York” campaign.
Earlier this week, on Monday, the advocacy group USA*Engage sent a letter to each of the 100 Senate offices. The organization’s intention was clear: to prevent the U.S. from imposing economic sanctions on Iran.
The average American family is not going to cancel a trip to Disneyland because of headlines about “something going on in Italy or France,” says James Bullard, president of the Federal Reserve Bank of St. Louis.
In the Washington Post, Camden Fine, president and chief executive of the Independent Community Bankers of America, writes, “I was astounded this month when the Federal Reserve announced its intention to keep interest rates at zero percent for at least the next two years. I kept staring at that number, 2013, assuming that it was a mistake.” He continues, “In my view, the Fed’s policy is nothing more than a backdoor bailout for the Wall Street mega-banks and investment houses; it amounts to the back of the hand for the community banks of this country.”
Lately there's been a spate of businessmen loudlycomplaining about the burdensome regulatory climate of the Obama administration. Fortunately, there's at least one highly experienced businessman in the Senate that feels their pain. Until he was elected last fall, Wisconsin Republican Ron Johnson was CEO of a plastics manufacturing company and knows all about the problems of excess regulation.
Reuters: "A small majority of economists -- 30 out of 53 -- surveyed over the past two days said the United States will lose its AAA credit rating from one of the three big ratings agencies -- Standard & Poor's, Moody's or Fitch."
John Merline of Investor's Business Daily interviews Bernie Marcus, the co-founder of Home Depot. Marcus tells IBD that Home Depot "would never have succeeded" as a retail business if it were founded today because of the regulatory burden. Here's a taste of the interview: