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DNC hits Romney again on his ‘Let Detroit Go Bankrupt’ comment

The Democratic National Committee (DNC) continued their focus to paint Mitt Romney as “out of touch” in a new ad attacking the GOP presidential frontrunner for his “Let Detroit go bankrupt” comments. The 36 second ad, titled “Hit the Road, Mitt,” features some similar images to the 2011 Chrysler commercials…

Larry Summers: 1-in-3 chance of new recession

Economist Lawrence Summers, who served as Treasury Secretary under President Bill Clinton and as director of the U.S. National Economic Council under President Barack Obama, published a Washington Post op-ed Wednesday that gives heavy odds for a backslide into a new recession. “With growth at less than 1 percent in…