Investors Don’t Credit Obama for What’s Going Right

A new Bloomberg poll shows 68% of investors say Obama’s policies are “detrimental to the U.S. investment climate.” That’s despite soaring corporate earnings and a huge bounceback in stock prices during his administration. Somew…

The High Price of Extending the Bush Tax Cuts

Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …

The New Congress: How Will Gridlock Affect the Economy?

With the two houses divided, the parties will have to compromise. But will they? The challenge will become acute if the Fed’s latest stimulus gambit falls short, leaving the economy gasping. The GOP’s aversion to spending could…