Koch brother breaks from GOP, supports gay marriage – Fox News

Billionaire businessman David Koch has helped direct millions to Republican candidates but he disagrees with the party on gay marriage.

The Libertarian-minded Koch — whose brother, Charlie, also is a big GOP supporter — made the remarks Thursday on the sidelines of the Republican National Convention.

“I believe in gay marriage,” the 72-year-old Koch told Politico. He was in Tampa as a New York delegate and to attend an event held by Americans for Prosperity — the political advocacy group he helps fund and lead.

He also told the newspaper the U.S. military should withdraw from the Middle East and that the federal government should consider tax increases and defense-spending cuts to improve fiscal woes.

via Koch brother breaks from GOP, supports gay marriage – Fox News.

Obama’s Odds of Reelection Increased After Romney’s Acceptance Speech

How bad was Mitt Romney’s acceptance speech? According to Intrade, the odds of Obama being reelected have increased from 55.7% before the speech to 56.8% after.

Bloomberg reported that, “The odds that President Barack Obama will be re-elected on Nov. 6 rose to 56.8 percent after the Republicans concluded their nominating convention, according to online prediction market Intrade. Obama’s odds, at 10:21 a.m. New York time, compared with a 43.3 percent chance for a victory by Republican nominee Mitt Romney, according to bets made at the Dublin-based bookmaker. Obama’s chances increased from 55.7 percent yesterday, while Romney’s dropped slightly from 43.4 percent.”

via Obama's Odds of Reelection Increased After Romney's Acceptance Speech.

GOP Convention 2012: MSNBC hosts jump on Gov. Scott Walker – Tim Mak – POLITICO.com

Gov. Scott Walker (R-Wis.) was confronted on-air Wednesday evening by a group of progressive MSNBC hosts, including Rachel Maddow, Ed Schultz and Al Sharpton.

Speaking with NBC’s Ron Mott on the convention floor after Rep. Paul Ryan’s speech at the Republican National Convention in Tampa Bay, Fla., Walker said he was moved by a reference to a GM plant in Wisconsin that was closed despite President Barack Obama’s promise to the contrary.

“Right there at that plant, candidate Obama said: ‘I believe that if our government is there to support you… this plant will be here for another hundred years.’ That’s what he said in 2008. Well, as it turned out, that plant didn’t last another year. It is locked up and empty to this day,” said Ryan during his convention speech.

But then a group of MSNBC hosts jumped into the conversation, including Maddow, Schultz and Sharpton. Maddow questioned the veracity of Ryan and Walker’s claims, pointing out that the plant in question was closed in December 2008, before Obama took office.

via GOP Convention 2012: MSNBC hosts jump on Gov. Scott Walker – Tim Mak – POLITICO.com.

Paul Ryan’s breathtakingly dishonest speech – PostPartisan – The Washington Post

Yesterday, at an ABC News panel, Mitt Romney pollster Neil Newhouse said, “We’re not going to let our campaign be dictated by fact-checkers.” Wednesday’s speech from Paul Ryan certainly took that disdain for truth to heart, as his address was filled with falsehoods from start to finish.

via Paul Ryan’s breathtakingly dishonest speech – PostPartisan – The Washington Post.

Obama Goes After Neil Newhouse, Mitt Romney Pollster, Over Controversial Comment

At a campaign event on Wednesday, President Barack Obama latched onto remarks made by Neil Newhouse, a pollster for Mitt Romney, who said this week the Republican presidential candidate’s campaign would not “be dictated by fact-checkers.”

Speaking to a crowd in Virginia, Obama brought up the Romney camp’s sustained attacks on his welfare waiver policy. The ads have been widely panned for being factually inaccurate.

“I mean, somebody was challenging one of their ads — they made it up — about work and welfare. And every outlet said, this is just not true. And they were asked about it and they said — one of their campaign people said, we won’t have the fact-checkers dictate our campaign,” Obama said. “We will not let the truth get in the way.”

Obama was referencing comments Newhouse made at a panel organized by ABC News on Tuesday.

via Obama Goes After Neil Newhouse, Mitt Romney Pollster, Over Controversial Comment.

Paul Ryan Address: Convention Speech Built On Demonstrably Misleading Assertions

Ryan then noted that Obama, while campaigning for president, promised that a GM plant in Wisconsin would not shut down. “That plant didn’t last another year. It is locked up and empty to this day. And that’s how it is in so many towns today, where the recovery that was promised is nowhere in sight,” Ryan said.

Except Obama didn’t promise that. And the plant closed in December 2008 — while George W. Bush was president.

It was just one of several striking and demonstrably misleading elements of Ryan’s much-anticipated acceptance speech. And it comes just days after Romney pollster Neil Newhouse warned, defending the campaign’s demonstrably false ads claiming Obama removed work requirements from welfare, “We’re not going to let our campaign be dictated by fact-checkers.”

via Paul Ryan Address: Convention Speech Built On Demonstrably Misleading Assertions.

The Federal Bailout that Saved Mitt Romney

Mitt Romney helped secure a federal bailout to keep Bain & Company from collapsing, according to government documents obtained by Rolling Stone.

“Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.”

via The Federal Bailout that Saved Mitt Romney.

DEAR AMERICAN COMPANIES: Here’s How To Fix The Economy – Business Insider

DEAR AMERICAN COMPANIES: Here’s How To Fix The Economy

Henry Blodget | Aug. 29, 2012, 11:06 AM | 12,990 | 66

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Henry Ford Arrow

In 1914, a business executive named Henry Ford did a startling thing:

He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day–the equivalent of $120 a day in today’s money.

The country was as shocked by this then as it would be today.

A powerful company voluntarily sharing some of its profits with its rank-and-file workers and paying them more than it absolutely had to?

Had Henry Ford gone mad?

Didn’t he understand that the only goal of a business was to make money?

Didn’t he realize that, as a successful business executive, he was entitled to make as much money as he could possibly make–the financial health of his employees being nobody’s business but their own?

Didn’t he understand that smart executives pay their employees no more than “market rates” because the executive’s job is to “create shareholder value,” everyone in our economy gets what they deserve, and the financial well-being of employees is not something that business owners or bosses or shareholders should be concerned with?

Yes, Henry Ford understood all that.

The story you hear frequently about why Henry Ford made this decision was that he wanted to allow his workers to be able to afford to buy his cars. The wage increase certainly made the cars (and many other products) more affordable for Ford employees, but the historical consensus is that Ford actually made this decision for a different reason: To reduce employee turnover–and, in so doing, reduce recruiting and replacement cost.

Regardless, it worked.

via DEAR AMERICAN COMPANIES: Here's How To Fix The Economy – Business Insider.