Jeb Gets Trumped… By The Economy

BREAKING: Economy grew at 3.9 percent rate in spring, helped by stronger consumer and business spending.

— The Associated Press (@AP) September 25, 2015

Golly! Given the absolute encumbrances to economic growth that are Obamacare and the “growth-stifling” regulations instituted by the Obama Administration, Jeb Bush must have been shaken to his core this morning to learn that the economy grew at a rate of 3.9 percent in the spring, according to the Associated Press.

On a number of occasions, Jeb’s justified his candidacy on the claim that “we got an anemic economy growing at barely 2% a year,” as he wrote in a recent Wall Street Journal opinion — a growth rate he claims Democrats have begrudgingly accepted as the status quo.

Jeb, you’ve said you’re running on the purpose of getting to 4% growth — sometimes you’ve got to know when to take a hint: This is the forces […]

Read more after the jump.

Portman Holds Politically Motivated Senate Hearing

Washington, DC – The U.S. Senate Homeland Security and Governmental Affairs Committee’s Permanent Subcommittee on Investigations today held a hearing that appears to be politically motivated. The subcommittee, chaired by thevulnerable Senator Rob Portman (R-OH), heard from a panel of corporate executives – including ones who oversaw corporate inversions –the moving of business operations to a foreign country, in order to avoid paying American taxes.

What Portman doesn’t want you to know, is that he benefited from corporations – including some once based in Ohio – that used inversion in order to skirt paying U.S. taxes.

But Portman’s support of policies that encouraged outsourcing is even more extensive than merely shipping jobs overseas and serving in the Bush Administration at a time when nine corporations committed some form of tax inversion.Unsurprisingly, Pro-Portman PACs, as well as his campaign, have received contributions from corporate inverters and outsourcers, including the Koch Brothers and Ohio companies that took […]

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Bankruptcies, Bubbles & Busts: The Economic Legacy Of Jeb Bush

It didn’t take long for folks to realize Jeb Bush’s economic record is a complete mirage, fueled by a housing and construction bubble that popped right after he left office as governor of Florida.

The Washington Post: A housing bubble made Jeb Bush look great — and then it tanked Florida’s economy

The Wall Street Journal: Florida’s Economic Leap Under Jeb Bush Helped By Housing Bubble, Economists Say

Bloomberg Politics: Governors Who Would Be President Have Mixed Records on Miracles

The Washington Post: Under Jeb Bush, housing prices fueled Florida’s boom. Then it all went bust.

Read more after the jump.

Criminal Scrutiny Surrounding Loans By Scott Walker’s WEDC

Controversy continues today for Scott Walker’s shady, tax payer-supported jobs program, the Wisconsin Economic Development Corporation (WEDC), with news of criminal scrutiny surrounding WEDC loans. Earlier this month it was revealed that WEDC failed to perform strong enough due diligence, loaning over $1.2 million to a company backed by an individual with a checkered financial history.

This just the latest scandal for Walker’s pet project, a dubious crown jewel in his still-developing train wreck of a legacy.


A troubled De Pere company is facing scrutiny from law enforcement after not disclosing its financial problems to the state to get $1.2 million in state incentives.

The Milwaukee Journal Sentinel first reported two weeks ago on the problems with Green Box and the fact that the state’s jobs agency lent money to it without adequate financial checks and then continued to work with it on federal incentives even after […]

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Walker’s WEDC Woes Just Won’t Go Away

Scott Walker’s taxpayer backed slush-fund — WEDC — had a board meeting today. As you may have predicted, it raised more questions than answers about the shady organization that has squandered millions of dollars on the pet projects of Walker’s political donors and companies that outsourced Wisconsin jobs. Almost three months has passed since it was reported that WEDC was providing tax credits to Eaton Corporation, a company that was moving jobs to Mexico. But despite promises from Walker that WEDC would address the controversy, it has done anything but.



WEDC Said They Will Review The Tax Credits Awarded To Eaton Corporation. According to Milwaukee Business Journal, “Officials with the Wisconsin Economic Development Corp. will review $369,307 in tax credits awarded to the Eaton Corp. after the company followed through on plans to move 93 jobs from Watertown to Mexico, a WEDC spokesman said Tuesday.” [Milwaukee Business Journal, 4/28/15]

Governor Walker Instructed The WEDC To Look […]

Read more after the jump.

Jeb Says He’ll Climb Mountains But Drove Florida Toward A Cliff

TO: Interested Parties
FROM: Jessica Mackler
RE: Jeb Says He’ll Climb Mountains But Drove Florida Toward A Cliff

DATE: July 20th, 2015

Jeb Bush is spending his Monday in Florida laying out his economic agenda and according to reports he’s going to rely heavily on what he did as governor, even invoking “Mount Washington” in the place of his old favorite “Mount Tallahassee.” For all the talk about climbing mountains, Jeb’s record is clear: He drove Florida’s economy straight toward a cliff. Don’t take it from us – University of Florida economist Dave Denslow says, “Jeb’s Florida fails as a model for the nation.”

The job growth Bush will tout was driven by construction and real estate jobs in the housing bubble, which peaked in his last year in office.

Three-fifths of the job creation under Bush was erased in the four years after he left office. As a result, Florida plunged into a […]

Read more after the jump.

Kelly Ayotte Goes Full Washington

Kelly Ayotte is launching her reelection campaign as one of the most vulnerable Republicans in the country. Granite Staters don’t trust Ayotte to put them first ahead of the special interests bankrolling her campaign, and it’s easy to see why after five years in D.C.

Ayotte’s resume reads like a who’s who of out-of-touch Republican positions:

  • Ayotte supports raising the retirement age and cutting Social Security benefits.
  • Ayotte voted to roll back Wall Street reforms, while her largest donors are Wall Street execs.
  • Ayotte opposes equal pay measures and voted against the Paycheck Fairness Act.
  • Ayotte voted to voucherize Medicare in the Ryan Budget.
  • Ayotte is anti-choice and would overturn Roe v. Wade.
  • Ayotte voted to defund Planned Parenthood.
  • Ayotte would allow employers to make health care decisions for female employees by supporting the Blunt Amendment and Hobby Lobby decision.
  • Ayotte opposes marriage equality and same-sex adoption.
  • Ayotte voted against allowing people to refinance their college loan debt.

It’s no wonder that Republicans are already vowing to shatter previous New Hampshire spending and groups like Karl Rove’s are jumping into the race to prop up Kelly Ayotte. Special interests are doing everything they can to keep Ayotte in D.C. because she’s a rubber stamp for their priorities.

Read more after the jump.

MEMO/VIDEO: Bully Seeking Pulpit

Chris Christie enters the race as a brazen, outspoken bully hoping to use the 2016 pulpit to pull his GOP opponents like Jeb Bush further to the extreme right. With nine credit downgrades and a 30 percent approval rating under his belt, Christie has made the calculation that his charming personality alone won’t do the trick in the wake of Bridgegate.

American Bridge is also releasing a new video that shows Christie is now aligning himself with the extreme wing of his party in an attempt to gain traction.

Read more after the jump.

Scott Walker’s Campaign Ailed By Budget Crisis

Scott Walker is suffering from ‘Jeb Bush syndrome:’ the closer he gets to his presidential announcement, the worse his headlines are. Walker plans to run on his record in Wisconsin but that list of achievements is quickly dwindling as the state faces a massive budget crisis. The governor has already lost the support of his state’s Republican party, now he risks losing the national GOP’s nomination before his campaign even officially begins.

From the Chicago Tribune:

Once in lockstep with Walker, GOP lawmakers are flashing some independence as they struggle to make ends meet. They have refused to go along with the governor’s proposed cuts in money for elementary and secondary schools and his plans to finance a big boost in road construction solely by borrowing. They have also forced him to moderate his proposed reductions in funds for higher education.

From 2011 to 2014, the pace of private-sector employment growth in Wisconsin ranked 36th among the states and the District of Columbia, according to the federal Bureau of Labor Statistics. Walker’s state ranked behind all its Rust Belt neighbors, Illinois included. Wisconsin even trailed Kansas, which has been the focus of national attention after steep tax and spending cuts pushed by Republican Gov. Sam Brownback produced big government deficits but little economic pop.

Read more after the jump.