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How Much Will Money Matter? (TAP)
Jamelle Bouie writes that Mitt Romney’s fundraising advantage might not make much difference given the law of diminishing returns, the power of incumbency, and the fact that most Americans are already at least vaguely familiar with this Obama guy.
Women Poised to Bring it Home for Obama in Key Swing States (Forbes)
NND Editor Bryce Covert notes that although the gender gap has shrunk since the GOP stopped brandishing its vaginal wands so openly, women concerned about the economy and the social safety net are still providing Democrats a crucial edge.
Misdiagnosing Romney’s campaign (WaPo)
E.J. Dionne argues that Romney’s problem isn’t his lack of specificity (which might compensate for how unpopular his policies are) but that he’s pitching his economic message to the most pessimistic people in America, who don’t make a majority.
Michael Sherradden’s Compounding Interest (Washington Monthly)
Roosevelt Institute Senior Fellow Mark Schmitt writes that we can save low-income Americans from plummeting into a bottomless financial pit by taking a page from an obscure book about the importance of building up assets to cushion the fall.
The best case for Obama’s tax plan (Salon)
Joan Walsh makes the case that raising taxes on people making over a quarter of a million dollars a year only sounds unfair to the privileged people making over a quarter of a million dollars a year, who just so happen to dominate our political debate.
Tax Ignoramuses (Slate)
Matthew Yglesias points out that conservatives and small business owners aggrieved by the president’s tax proposals seem to have much bigger problems, like the fact that they have no idea how the tax code works or how the changes would affect them.
Only Half of Americans Exceed Parents’ Wealth (NYT)
Catherine Rampell notes that while Americans are making more than their parents in absolute terms, relative mobility is much stickier, with many experiencing their family’s economic class not as a starting point but as an inherited trait, like eye color.
The failures of shareholder capitalism (WaPo)
Harold Meyerson argues that corporate shareholders are fickle and ineffectual, providing cover without real oversight. If only there were a large group of people with a long-term vested interest in these companies, perhaps deriving a steady paycheck from them.
How Wall Street can learn to stop worrying and learn to love financial regulation (WaPo)
Suzy Khimm highlights a new report from Deloitte advising banks that Dodd-Frank might not be so bad for them in the long run. In fact, they argue that keeping an eye on your firm to make sure it doesn’t suddenly implode could actually be good for business.
Health Care Law Repeal Efforts By House GOP Cost Nearly $50 Million (HuffPo)
House Republicans have devoted 80 hours to repealing the Affordable Care Act 33 times over the last two years, a symbolic gesture that’s starting to look more like a nervous twitch. If they keep at it, Democrats might just take pity on them and pass it.
With additional research by Danielle Bella Ellison.