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Bernie Sanders on U.S. economy: It’s a horror show

Senator Bernie Sanders (I-VT) appeared Wednesday on MSNBC to discuss the U.S. Census Bureau’s annual report on poverty, where he described the report as a “horror show.” The report found that 46.2 million Americans were living in poverty, the highest amount since the Census began recording the statistic 52 years…

Ron Paul: Africa has famines because they aren’t capitalists

Republican presidential candidate Ron Paul explained Wednesday that famines in Africa were a result of a lack of a “free market systems.” “All I know is if you look at history and if you compare good medical care and you compare famine, the countries that are more socialistic have more…

Romney, Perry exchange blows over Social Security reform

Mitt Romney and Rick Perry clashed over Social Security at the CNN/Tea Party Republican debate on Monday night. Romney pointed out that in his book, Fed Up, Perry called Social Security an “unconstitutional” program and a total failure. “If what you’re trying to say is that back in the ’30s…

Economist Robert Reich explains ‘big lies’ about the economy

Former U.S. Labor Secretary and University of California at Berkeley professor Robert Reich gave the keynote speech at the “Summit for a Fair Economy” held in Minneapolis on Saturday. He discussed the big lies about the economy and what could be done to make the economy work for everyone. Watch…

Watch Obama’s jobs speech in 35 seconds

Buzzfeed’s Dorsey Shaw distilled President Barack Obama’s Thursday night jobs speech down to 35 seconds. Watch the president’s entire speech to a joint session of Congress here. Watch this video from Buzzfeed, broadcast Sept. 9, 2011.…

Ron Paul: Abolish minimum wage to ‘help poor people’

Republican presidential candidate Ron Paul believes that poor Americans would “absolutely” be better off if the minimum wage was eliminated. “Do you advocate getting rid of the minimum wage, would that create more jobs?” Politico’s John Harris asked Paul during Wednesday’s Republican presidential debate. “Absolutely,” Paul declared. “It would help…

Robert Reich tears down Mitt Romney’s ‘job machine’

University of California professor Robert Reich appeared Tuesday night on MSNBC’s The Last Word to discuss Republican presidential candidate Mitt Romney’s job plan. The 59-point plan calls for tax cuts, cuts in the federal workforce and rollbacks in environmental, health and banking rules. Romney called his plan, “A job machine.”…

Professor: Ugly people need ‘affirmative action’

Unattractive people should be legally protected against discrimination, according to University of Texas at Austin professor Daniel Hamermesh. Studies have found that employers are more likely to hire good-looking candidates and that less attractive people earn less than their more attractive peers. “Logically, I see no difference between this and…

Romney calls taxing corporations’ foreign income a ‘strange thing’

Republican presidential candidate Mitt Romney told a voter in New Hampshire Monday that the way to make sure companies like General Electric pay more taxes is to lower their tax rate. “How are you going to tackle those values issues and the abuse that’s happening in Washington?” a voter attending…

Number of ‘mass layoffs’ jumps up 3 percent

Mass layoffs — when employers let go of 50 or more people at once — has jumped up 3 percent this summer, according to the unemployment numbers that came out Friday. Major companies like Borders, Bank of America, Cisco, Lockheed Martin, and Goldman Sachs have all recently announced mass layoffs.…

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