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The GOP’s War Against Facts (Slate)
Dahlia Lithwick and Raymond Vasvari write that from tax returns to campaign finance disclosures, the GOP is worried that an informed electorate could suffer an outbreak of independent thought, which is definitely not supported by the party platform.
Romney’s “You Didn’t Build That” Fails (MoJo)
Adam Serwer notes that Romney’s attacks on Obama for claiming successful entrepreneurs need help from the government have been hampered by the fact that it’s kind of hard to find successful entrepreneurs who haven’t been helped by the government.
New York Fed Faces Questions Over Policing Wall Street (NYT)
Ben Protess and Jessica Silver-Greenberg report that after high-profile failures including the financial crisis, JPMorgan’s trading losses, and the LIBOR fixing scandal, critics worry the New York Fed has sent a bunch of mall cops to do a SWAT team’s job.
Homer Simpson Politics (Boston Review)
Roosevelt Institute Senior Fellow Mark Schmitt argues that due to shifting coalitions and the fall of the Solid South, today’s Democratic Party is beholden to affluent voters whose policy preferences don’t lean much further left than “not hating gay people.”
Women Need a Raise in the Minimum Wage (Forbes)
The women who hold two-thirds of often grueling minimum wage jobs aren’t looking for lavish rewards, but NND Editor Bryce Covert suggests that being paid enough to escape poverty and afford rent and food might not be too much for them to ask.
7 Ultra-Rich Companies Rake in Profits While Paying Workers Peanuts (AlterNet)
Sarah Jaffe writes that low-wage workers aren’t stiffed because their employers can’t afford to pay more — most work for hugely successful corporations. Maybe it’s time for McDonald’s to melt down some of those golden arches and spread the wealth.
The Republican Plan to Tax the Poor (MoJo)
Josh Harkinson notes that the GOP plans to pay for tax cuts for the rich with $11 billion in cuts to the Child Tax Credit and Earned Income Tax Credit that benefit working families. It’s tough getting blood from a stone, but they’ve got their best leeches on it.
Fed Leaning Closer to New Stimulus if No Growth Is Seen (NYT)
Binyamin Appelbaum reports that a growing number of Federal Reserve officials are pushing for immediate action to boost the flagging economic recovery, though some would like to wait until September and see if doing a little more nothing will help.
Euro’s Medicine May Be Making Greece’s Symptoms Worse (NYT)
Rachel Donadio and Suzanne Daley write that tension is once again rising in the euro zone as it becomes obvious that imposing austerity on Greece is driving it deeper into the red — a turn of events only everyone but euro zone leaders could have predicted.
What happens if GOP’s voter suppression works? (WaPo)
Harold Meyerson argues that as Republicans push ahead with plans to disenfranchise their opponents under the pretext of preventing fraud that doesn’t exist, they run the risk of securing themselves a victory that doesn’t count for much in anyone’s eyes.
With additional research by Danielle Bella Ellison.