Political Capital

Daily Archives: June 7, 2012

Lockheed Martin Corp.'s F-16 Fighting Falcon jet during a ceremony to commemorate the 4,500th delivery of the plane.

Photograph by Mike Fuentes/Bloomberg

Lockheed Martin Corp.'s F-16 Fighting Falcon jet during a ceremony to commemorate the 4,500th delivery of the plane.

Budget Cuts Would Hit Contractors Hard

Government is more reliant than ever on private-sector contractors, a Bloomberg Government Study ranking the top 200 federal suppliers says. Downsizing in the 1990s cost hundreds of thousands of federal employees their jobs, but if Congress and the administration let...

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Mitt Romney during a campaign event at the military contractor Production Products on June 7, 2012 in St. Louis, Missouri.

Photograph by Whitney Curtis/Getty Images

Mitt Romney during a campaign event at the military contractor Production Products on June 7, 2012 in St. Louis, Missouri.

Mitt Romney Finds Out It’s Good to Be the King

Clinching a presidential nomination is good for a campaign’s pocketbook. Just ask Mitt Romney, who in his first full month as the presumptive Republican nominee pulled in almost $77 million along with the Republican National Committee. That was higher than...

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A working class section of Utica, New York. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory.

Photograph by Spencer Platt/Getty Images

A working class section of Utica, New York. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory.

Romney Sharpens Attack on Obama’s ‘Moral Failures’

Updated 2:55 p.m. ET Mitt Romney added a tougher layer today to his already harsh critique of President Barack Obama’s economic record: Not only have his policies been ineffective, they’ve been morally bankrupt. In a speech in St. Louis County,...

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Job seekers at an orientation meeting in Los Angeles.

Photograph by Kevork Djansezian/Getty Images

Job seekers at an orientation meeting in Los Angeles.

Obama Blames Congress on Jobs

President Barack Obama’s latest campaign ad opens with soaring music and scenes of construction workers in pre-dawn light. It closes with a slightly less upbeat and all too familiar refrain: an image of the U.S. Capitol and a message that...

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Rep. Heather Wilson

Photograph by Bill Clark/Roll Call/Getty Images

Rep. Heather Wilson

Crossroads Divides Time, Money Between White House and Senate

Karl Rove’s American Crossroads, which discloses its donors, and Crossroads GPS, which keeps them hidden, were among the biggest spenders in the 2010 congressional races, pumping $22 million into efforts to elect Republicans, according to the Center for Responsive Politics....

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Election clerk Michael Daniels takes a vote by mail ballot at a drive up ballot collection point outside the Sacramento County Registrar of Voters office on June 5, 2012.

Photograph by Rich Pedroncelli/AP Photo

Election clerk Michael Daniels takes a vote by mail ballot at a drive up ballot collection point outside the Sacramento County Registrar of Voters office on June 5, 2012.

California’s Open Primary Costs Super-PAC $711,000 on Just One Race

California’s races are costing the independent expenditure groups a lot more, thanks to the new open primaries. House Majority PAC — a super-PAC set up to help Democrats win back the House — will show in its next FEC filing...

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Shoppers with a Hollister Co. shopping bag in New York.

Photograph by Robert Caplin/Bloomberg

Shoppers with a Hollister Co. shopping bag in New York.

Magic Number of the Day: -37.6

That’s the Bloomberg Consumer Comfort Index (CCI) for the week ended June 3. The index, which asks people to rate the national economy, their personal finances and the buying climate, rose for the third straight week, a break from the losing...

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Hosts Kristen Bell and Toby Keith during the 2012 CMT Music awards on June 6, 2012 in Nashville, Tennessee.

Photograph by FilmMagic/Getty Images

Hosts Kristen Bell and Toby Keith during the 2012 CMT Music awards on June 6, 2012 in Nashville, Tennessee.

Obama, Romney Pick Toby, Kristen

There is, it appears, one matter on which President Barack Obama and Mitt Romney agree: Toby Keith and Kristen Bell. The president and the presumptive nominee of the Republican Party to replace him in November engaged in a video production...

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