It's All in the Preparation | Stan Collender's Capital Gains and Games

Posted by Clint Stretch

At my house, when we are getting ready to take a hike, you can tell lot about the seriousness of the undertaking by the preparation.? If boots are waxed, maps repeatedly checked, and backpacks filled with food, water and first aid kits, then something pretty substantial is planned.?

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When Congress holds tax reform hearings, we all will get a look at their seriousness, or lack thereof, for preparation for future legislation.? Thursday, the House Ways & Means and Senate Finance Committees will hold a joint hearing on ?Tax Reform and the Tax Treatment of Capital Gains.?? Here are five questions I will be asking to assess how serious the committees are about tax reform.

1. ?Do the committees show a willingness to challenge the fundamental belief that capital gains should be afforded a preference in the tax system?

As I noted in an earlier post, conventional wisdom in Washington holds that lower rates on investment income encourages capital investment, and therefore, economic growth.? Are the committees ready to ask for the evidence of a positive correlation between low capital gains rates and higher personal savings rates and higher growth in GDP?? Are they willing to ask why people save and whether tax rates really drive those decisions??

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2. ?Do they have a substantive discussion about who benefits from capital gains preferences??

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In 2009, over one half of all long-term capital gains were reported by taxpayers earning more than $1 million in adjusted gross income (AGI) (0.17% of those filing tax returns).? Over a third of all long-term gains were received by taxpayers with more than $5 million of AGI (0.02% of all returns). ?The Committees have a challenge here.? If they ignore the issue of very-high income individuals paying relatively low percentages of their income in taxes, they will lack credibility.? But, if Democrats raise this issue, which has been so evident in the Presidential campaign, they may be accused of injecting partisan considerations into the discussion.

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3. ?Do they ask who pays for the advantages accorded capital gains?

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For any given amount of income tax revenue to be collected, lower collections from capital gains transactions mean higher taxes on other income.? The committees should ask why, and to what extent, we should tax income from human capital (wages) at rates higher that those imposed on income from financial capital.

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4. ?Do they explore limiting capital gains treatment?

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A number of legislative proposals would change special rules or practices related to capital gains taxation.? These include proposals to tax income from certain carried interests as ordinary income and to repeal capital gains treatment for a portion of gains received by certain broker-dealers.? No discussion of capital gains preferences is really complete without addressing these and other proposals.

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5. ?Do the Members avoid the silly arguments?

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Proponents of capital gains preferences have many good arguments to make; these are included in the Joint Committee on Taxations pamphlet prepared for this hearing.? One not-so-good argument that is often made is the notion that capital gains treatment should be afforded investors to encourage them to take risk.? Risk is what first responders and members of our Armed Forces take, including my son, Charlie, one of my favorite hiking buddies.? What investors do is invest.? Sometimes they win, sometimes they lose; just as a regular job sometimes lasts until retirement and a pension, and sometimes it does not. ?

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Another poor argument for capital gains relief is the idea that capital gains treatment is appropriate as a way to ?average? the income of taxpayers who do not have capital gains income every year.? These taxpayers are not unique. ?Authors, inventors, and others often put years of work into an eventual big payday; we do not grant them a special tax rate.

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If the Committees can address these kinds of difficult questions, thus making preparations for a substantive tax reform effort, then we should all consider packing for the journey. ??If not, we should anticipate an easy walk along the path of small tax changes. ??

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Source: http://www.capitalgainsandgames.com/blog/clint-stretch/2626/its-all-preparation

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Cosmetic Procedures On Rise Despite Gloomy Economic Landscape

Elective cosmetic procedures rose by 5% last year and could be an indication that the U.S. economy is recovering.

Santa Monica, CA ? The American Society of Plastic Surgeons (ASPS) says 13.8 million cosmetic plastic surgery procedures ? both surgical and minimally invasive such as Botox or filler injections ? were performed in the United States last year. The overall growth in cosmetic procedures has been primarily driven by the popularity of outpatient treatments, which have become a regular cosmetic routine for some Americans.

According to the ASPS the the top 5 most popular surgical procedures were:
. Breast augmentation (307,000 procedures, up 4%)
. Nose reshaping (244,000 procedures, down 3%)
. Liposuction (205,000 procedures, up 1%)
. Eyelid surgery (196,000 procedures, down 6%)
. Facelift (119,000 procedures, up 5%)

?You can work out in a gym for hours a day, seven days a week and while you will become very healthy, your body simply may not look the way you want it to. Some genetic stubborn bulges just don?t go away with exercise,? said Dr. Mark Youssef, a cosmetic surgeon who has appeared in some of the nation?s most famous media outlets. ?The signs of aging and the body?s fixed internal structures simply do not respond to exercise the way some people want.?

The top five minimally invasive procedures were:
. Botulinum toxin type A ? mostly Botox (5.7 million procedures, up 5%)
. Soft tissue fillers (1.9 million procedures, up 7%)
. Chemical peel (1.1 million procedures, down 3%)
. Laser hair removal (1.1 million procedures, up 15%)
. Microdermabrasion (900,000 procedures, up 9%)

Cosmetic surgeons are seeing the impact in their offices. Dr. Youssef?s clinic, located in the sunny Santa Monica beach area of Southern California, has adjusted to the slow economy with relative ease; keeping their services affordable and accessible with in-house financing. YOUnique Cosmetic Surgery has become one of the most popular surgical centers in Los Angeles, arguably the cosmetic surgery capital of the world, and their offices are filled with women and men looking to improve their appearance.

Dr. Mark Youssef is a board certified cosmetic surgeon and the founder of YOUnique Cosmetic Surgery and Medical Spa. He is well known for studying and performing the latest surgical and non-surgical cosmetic procedures including being a pioneer in stem cell anti-aging treatments. He is often featured as an expert practitioner by various health and beauty shows. He appeared on the popular show: The Doctors and also will be a regular on The New You, created by the producers of The Swan, due to air this fall on NBC.

?Some doctors feel that cosmetic surgery is just a job; I?m not one of them,? says the doctor. ?I take pride in my work as a surgical art.?

Liposuction, breast augmentation, tummy tucks, Botox, fillers, and anti-aging laser procedures are YOUnique specialties and the staff strives to give each patient personal attention. ?We understand that a person is not just a face, a hand, or an abdomen,? said Dr. Youssef. ?We want all our patients to feel special and important and we strive to meet their personal cosmetic goals and needs.?

Plastic surgery numbers may not be perfect economic indicators, but they are going in the same upward direction as the stock market and employment rate. Despite tough economic times, there is one splurge Americans won?t give up: cosmetic surgery.

Watch YOUnique Cosmetic Surgery on Access Hollywood: http://www.youtube.com/watch?v=QHNFzvSWCjM&feature=youtu.be

Watch YOUnique Cosmetic Surgeon Dr. Mark Youssef on The Doctors:

YOUnique Facebook Site: https://www.facebook.com/YOUnique90401

YOUniqueTwitter Site: http://twitter.com/YOUnique90401

Contact:
YOUnique Cosmetic Surgery

http://www.youniquecosmeticsurgery.com

youniquemedspa@gmail.com
310-434-0044

Find the best cosmetic surgeon in Los Angeles at http://www.youniquecosmeticsurgery.com

Source: http://www.welcometocoastcity.org/cosmetic-procedures-on-rise-despite-gloomy-economic-landscape.php

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The Advantages Of An Electric Dog Fence

The Electric Dog Fence can be a handy containment system. Conscientious owners of pets will certainly wish to keep their pets delighted and in good physical shape. This modern equipment is a good pick. It allows these animals to play, exercise and move around easily. This electric dog fence allows the dogs to stay free rather than being caged or chained most of the time. This is among the major advantages you get by buying these modern fencing systems.

Variety of Dog Fences

There are various varieties of fences for dogs. If you want to get the best fence, search out the information of your buddies who've used this equipment, trusty providers or dog obedience training pros.

You can select the observable or invisible dog fences although the latter is more popular because of its features, benefits, affordability and functionality. If you'd like to avoid the Problems that visible fences bring, then it is smart to select the second alternative. The Electrical Dog Fence might be one of the most efficient solutions for homeowners who want to keep their pets from rambling around and during the procedure get lost or meet a terrible accident. It is a right tool for dog owners who need to ensure that their pets are safe in their yards. Among all of the obstructions being sold in the current market, this variety indisputably provides your dog total protection 24 hours daily. It has the capacity to stop the dog from running away.

Cheap Alternative

The leading advantage of purchasing an Electric Dog Fence is that it is not expensive compared to other known fences. It's not tough to operate and awkward in contrast to the standard wooden or concrete barriers. All of the dog owners need to do is to study the standard functions of this mechanism and the parts that go with it. One is the tiny control box that may be connected into any power outlet. The system is capable of sending out radio waves in a round flow that can cover small or sizeable properties. When your dog goes approaches boundaries of your yard, the radio waves are easily picked up by a little receiver attached to the dog collar. The collar releases a static heartbeat. It is possible to control this correction with five different levels to match the character of your pet dog. Indeed, this is a helpful containment solution which deserves the nod of animal owners.

The Dog Line provides tips in canine obedience training as well as supplies dog owners with tools like a Hidden Dog Fence . You can obtain more topical information and Dog Fencing on the website of The Dog Line.

Source: http://siscer.net/articles/pets/the-advantages-of-an-electric-dog-fence/

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10 Things to Know for Monday

President Barack Obama, right, is picked-up and lifted off the ground by Scott Van Duzer, left, owner of Big Apple Pizza and Pasta Italian Restaurant, during an unannounced stop, Sunday, Sept. 9, 2012, in Ft. Pierce, Fla. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama, right, is picked-up and lifted off the ground by Scott Van Duzer, left, owner of Big Apple Pizza and Pasta Italian Restaurant, during an unannounced stop, Sunday, Sept. 9, 2012, in Ft. Pierce, Fla. (AP Photo/Pablo Martinez Monsivais)

Serbia's Novak Djokovic returns a shot to Spain's David Ferrer during a semifinal match at the 2012 US Open tennis tournament, Sunday, Sept. 9, 2012, in New York. (AP Photo/Mike Groll)

In this photo provided by Herve Leger, the Herve Leger Spring 2013 collection is modeled during Fashion Week in New York, Saturday, Sept. 8, 2012. (AP Photo/Herve Leger)

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Monday (times in EDT):

1. THE HIGH COST OF HISTORY AT 9/11 SITE

As Tuesday's anniversary looms, the $60 million a year it could take to operate the World Trade Center memorial and museum worries critics and supporters.

2. THE UNPROVABLE ACCUSATION THAT SHADOWS PRESIDENTIAL RACE

Whether race fuels opposition to Obama is one of the most divisive topics of a campaign heading into its homestretch.

3. WOUNDED U.S. TROOPS BEING HEALED IN SURPRISING WAYS

AP's Marilynn Marchione reports on how ears, bone and skin are being grown in labs amid plans for more extreme surgeries.

4. IF IT'S MONDAY, IT MUST BE DJOKOVIC

The defending U.S Open tennis champ takes on Olympic gold medalist Andy Murray at 4 p.m. in his third Flushing Meadows final in a row.

5. SERENA COMES BACK FOR 15TH GRAND SLAM TITLE

She's the first woman to win Wimbledon and the U.S. Open in the same season since she did it a decade ago.

6. FRENCH INVESTIGATORS PIN HOPES ON WOUNDED GIRL'S MEMORY

What Zaina al-Hilli may remember, now that she's out of a coma after the shootings that killed her parents in the Alps, could prove crucial.

7. IT WILL TAKE DAYS TO LEARN IF DEVON WALKER IS PARALYZED

Doctors say the extent of the Tulane University football player's spinal injury is still unknown.

8. WHY TESTOSTERONE MARKETING IS FACING SCRUTINY

Drug makers claim hormone therapy can combat poor sex drive, weight gain and fatigue for men, but safety and effectiveness remain unclear.

9. WHERE SKIN IS IN AGAIN

Yes, bikini season may be over. But the spring styles on the runway in New York make up the difference in bare midriffs, cutout backs and keyhole necklines.

10. WHO GAVE OBAMA A LIFT (OFF HIS FEET)

Scott Van Duzer, a pizza store owner in Florida, gave the president a bear hug that raised him off the ground in an enthusiastic welcome.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-09-09-10-Things-to-Know-Monday/id-767976b5dfbb48aaa36c35504ba2df71

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Stop Heartburn Fast, Health & Fitness

• BMO Harris Financial Tip of the Week: Improve Your Credit Score

  CHICAGO, Sept. 6, 2012 /PRNewswire/ -- As part of BMO Harris Bank's ongoing commitment to financial literacy and Helping Make Money Make Sense, BMO Harris is providing weekly financial tips.? This week's ...

• The problematic growth of personal debt

  Peter Watson, Dollars & Sense: Retirement planning and the ultimate dream of financial independence are being challenged by the significant growth of personal debt.

• Personal debt: We'll never pay it off, say one in three

  The vast majority of British adults are currently in debt, new figures have shown, and a third expect to remain in the red "indefinitely".

• Consumers Continue to Cut Debt and Repair Finances

  While government continues to kick the deficit can down the road, consumers have no such luxury. Whether because it's the right thing to do, or we have no choice, we have been making steady inroads on the mountain of personal debt and credit balances built up prior to the recession.

• Envision Financial Expert Responds to Recent Report on Rising Personal Debt Levels in B.C.

  LANGLEY, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2012) - Following a recent report citing B.C. residents as holding the highest personal debt ratios in Canada, many British Columbians are asking how they can reduce their debt loads. As reported by TransUnion, the average B.C. resident holds close to $40,000 in personal debt, potentially limiting their access to loans, such as mortgages, and ...

Source: http://loans.ptjobsdb.com/categories/36-health-fitness/9295-stop-heartburn-fast-health-fitness.html

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Syria army destroys houses in "collective punishment"

AMMAN (Reuters) - Syrian army bulldozers razed houses in western Damascus on Monday, pursuing what activists called collective punishment of Sunni Muslim areas hostile to President Bashar al-Assad.

In northern Syria, 18 bodies were found in the rubble of a house bombed by a Syrian warplane in the rebel-held town of al-Bab and 13 more are missing, an opposition watchdog group said.

Bulldozers backed by combat troops demolished buildings in the poor Tawahin district, near the Damascus-Beirut highway, activists and residents said.

"They started three hours ago. The bulldozers are bringing down shops and houses. The inhabitants are in the streets," said a woman who lives in a high-rise building overlooking the area.

Syrian authorities restrict independent media access, making it hard to verify accounts of the conflict from both sides.

Troops forced residents to erase anti-Assad graffiti and write slogans glorifying the president instead, activists said.

"This is an unprovoked act of collective punishment. The rebels had left, there are no longer even demonstrations in the area," said Mouaz al-Shami, a campaigner collecting video documentation of the demolitions.

"The regime can't stop itself from repeating the brutality of the 1980s," he said, alluding to mass killings and wholesale destruction in the city of Hama in 1982 under Assad's father, the late Hafez al-Assad, who ruled Syria for 30 years.

The Assad family and most members of the ruling elite belong to the minority Alawite sect, an offshoot of Shi'ite Islam.

"The regime has not changed. It will not," Shami said.

Activists also reported the razing or burning of at least 200 houses and shops in the old part of the southern city of Deraa in the last few days. Army shelling had largely emptied the area, prompting 40,000 people to flee to Jordan.

WAVE OF DEMOLITIONS

The latest wave of demolitions follows the destruction of dozens of buildings in an area next to Tawahin in Damascus on Sunday and in the Sunni district of Qaboun last month.

"I visited Qaboun yesterday. It is no longer a dense neighborhood. I could see from one end of the neighborhood to the other because so many buildings have been razed," said another Damascus activist who gave her name only as Yasmine.

The army, which appears to have regained control of Damascus proper after an insurgent offensive that began in July, shelled outlying southern and eastern districts overnight to try to drive out rebels still operating there, opposition groups said.

At least two people were killed in the southern neighborhood of Qadam, they added.

Troops also made forays into eastern suburbs battered by artillery and air power in recent weeks, arresting and summarily executing young men, the opposition groups said.

Video footage from the eastern suburb of Irbin showed the bodies of three young men shot in the face inside a house, their blood spattered on the walls and floor

"This is the latest massacre of Assad's army in Irbin," an activist speaking in front of the camera said.

The air raid in which at least 18 people were reported killed in the northern town of al-Bab, in Aleppo province, was another sign of the Syrian military's increasing use of its planes and helicopters to attack rebel-held areas.

Five women and two children were among the dead, according to Rami Abdulrahman of the British-based Syrian Observatory for Human Rights. "People in al-Bab say there are 13 more people trapped under the building after one big attack."

He said five people had been killed and 27 wounded by a car bomb blast in the Damascus district of Jaramanah.

Syria's state news agency SANA said earlier that the wounded included women and children but did not give details on fatalities. No group has claimed responsibility for the attack.

A bomb killed 12 people in the same district a week ago in a what state media called a "terrorist" attack. Opposition sources said the security forces were behind it.

More than 20,000 people have been killed in Syria since initially peaceful protests against Assad erupted in March 2011.

(Editing by Alistair Lyon)

Source: http://news.yahoo.com/syria-army-destroys-houses-collective-punishment-130446042.html

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Wiring Your Small Business | The Business Edition

The Internet is the marketplace of the future. In order for your small business to be seen, you need to establish a web presence and get your workplace online. By following these tips, you will have your company up to speed with the 21st century in no time at all.

ESTABLISHING A WEB SITE

Consider using a virtual hosting service that offers automated installation of software packages. Look into content management systems and decide which one is right for your application. A popular choice is WordPress, due to its flexibility, rich feature set and ease of use. Remember to only buy as much bandwidth as you expect to need, plus a little headroom. Try to get a virtual host that offers a low latency connection to where most of your clients and customers will be connecting from.

WIRING UP THE OFFICE

Most small businesses do not need expensive Internet connection options such as T-carrier lines. Instead, a DOCSIS/Cable connection will get the job done while also leaving some room to grow. Most small businesses do not require more than 16 megabits of downlink bandwidth and 4 megabits of upstream bandwidth. The only exception is if you need to frequently transfer very large files, make heavy use of video teleconferencing, stream multimedia content or have more than five concurrent heavy users.

Networking your small business is simple. All you will need is a DOCSIS/Cable, Fiber Optic or DSL modem, a router and some Category 5 or Category 6 Ethernet cable. Use switches to expand your network whenever possible. Hubs retransmit signals to computers other than the intended destination. This increases the likelihood of collisions, reduced throughput and other problems.

In the event that you choose to use a wireless network, ensure that it is secure. Use a wireless router with the latest firmware from the manufacturer. Secure the web interface with a strong password that includes uppercase letters, lowercase letters, numbers and special characters. Encrypt your network with the latest security protocol that you can. A good choice is WPA2. Use a long and complex network key in order to maximize security. Frequently change this key to prevent anyone from cracking it. Consider implementing MAC address filtering so that only authorized devices can connect to the wireless network.

If you need to run new cable drops for your company, the most economical approach is to make your own cables. Buying pre-assembled cables is expensive and messy. Category 5 and 6 cable can be purchased in bulk on a spool. The RJ-45 connector heads can also be purchased in bulk very cheaply. Run your Ethernet cabling and attach the ends with patch panels and Ethernet jacks where necessary.

Author Bio

Author Bio

Heather Smith is an ex-nanny. Passionate about thought leadership and writing, Heather regularly contributes to various career, social media, public relations, branding, and parenting blogs/websites. She also provides value to http://www.nanny.net/ by giving advice on site design as well as the features and functionality to provide more and more value to nannies and families across the U.S. and Canada. She can be available at H.smith7295 [at] gmail.com.

Source: http://www.thebusinessedition.com/wiring-your-small-business-2544/

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Business branding by Sydney web Designer - 134Sale!

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"Raindrops Keep Fallin'" songwriter Hal David dies at 91

LOS ANGELES (Reuters) - Hal David, a lyricist who along with composer Burt Bacharach took the pop world by storm in the 1960s with hits such as "Raindrops Keep Fallin' on my Head" and "Walk on By," died in Los Angeles on Saturday at age 91, a representative said.

David died at Cedars-Sinai Medical Center of complications from a stroke, said Jim Steinblatt, spokesman for the American Society of Composers, Authors and Publishers, or ASCAP.

Earlier this year, David and Bacharach received the Gershwin Prize for Popular Song from the Library of Congress, during a White House musical tribute.

David, a native of Brooklyn, New York, began his songwriting career in the late 1940s by collaborating with writers he had met at Manhattan's famed Brill Building, which at the time was the center of the pop industry.

He started working with Bacharach in the late 1950s and their songs were recorded by such artists as Frank Sinatra, Marty Robbins, Tom Jones and Barbra Streisand.

The singer most associated with the songwriting duo is Dionne Warwick, who rose to fame by scoring a number of Top 10 hits in the 1960s with material from David and Bacharach.

Bacharach's and David's song "Raindrops Keep Fallin' on my Head" was written for the 1969 movie "Butch Cassidy and the Sundance Kid" and won the Academy Award for Best Song.

They also won a Grammy in 1969 for best score from an original cast show album for their Broadway musical "Promises, Promises," which included the song "I'll Never Fall In Love Again." The play returned to Broadway in 2010 starring Kristin Chenoweth and Sean Hayes.

The songwriting duo's other hits included "What the World Needs Now Is Love," "I Say a Little Prayer," "Do You Know the Way to San Jose," and "(They Long to Be) Close to You," which is best known from a version by the Carpenters.

David and Bacharach parted ways in the early 1970s. David went on to work with other composers. With Albert Hammond, he wrote the hit "To All the Girls I've Loved Before."

Eunice David, the songwriter's widow, who married him in 1988, said she used to watch him sit in an old rocking chair and write on a legal pad.

"All of a sudden, I'd look up and there it was filled with lyrics," she told Reuters. "It never ceased to amaze me how that happened."

Songwriter Paul Williams, president and chairman of ASCAP, said in a statement that David was "simple, concise and poetic."

"It is no wonder that so many of his lyrics have become part of our everyday vocabulary and his songs ... the backdrop of our lives," Williams said.

David served as president of ASCAP from 1980 to 1986.

His parents were immigrants from Austria. His older brother, Mack David also achieved success by composing or co-writing a number of songs, including the 1944 "Candy" and the English version of Edith Piaf's "La Vie En Rose."

David is survived by his wife, sons Jim and Craig, three grandchildren and two stepsons.

(Reporting By Alex Dobuzinskis; Editing by Tim Gaynor and Peter Cooney)

Source: http://news.yahoo.com/raindrops-keep-fallin-songwriter-hal-david-dies-91-012444856.html

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Day After GOP Convention, Biden Slams Romney, Ryan

Mark Stahl/AP Photo

LORDSTOWN, Ohio ? Vice President Joe Biden slammed the Republican ticket on Friday, just one day after Mitt Romney officially accepted his party?s nomination, saying that much of what they spoke about at the convention ?wasn?t on the level.?

Speaking before a local auto workers union, Biden criticized Ryan for linking President Obama to the closing of a GM plant in Janesville, Wis., Ryan?s hometown, but the plant actually stopped producing GM vehicles in 2008 while George W. Bush was still president. Biden didn?t mention? that the plant completely ceased operations ? a small force continued work for Isuzu -? in April of 2009, several months after Obama took office.

Get more pure politics at?ABCNews.com/Politics?and a lighter take on the news at?OTUSNews.com

?You heard Congressman Ryan on Wednesday night, in a stirring speech, blame the closing of a GM plant in his hometown of Janesville on the president of the United States. Folks, let?s look at the facts. The one thing the congressman was right about, and I know from my own community of the two plants closed in Delaware, it was devastating for the people of this community,? Biden said at the local UAW 1714.

?But what he didn?t tell you is that plant in Janesville actually closed when President Bush was still in office. He didn?t tell you that,? Biden said. ?What they didn?t say, but for the sacrifices you all made, and the courage of the president of the United States, all those GM plants would be closed here, across the country.?

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The plant rolled its last GM SUV out the door in December 2008 and stayed open for a few months in 2009 to complete orders on Isuzu vehicles. The plant then went into standby mode and has remained in that status ever since.

Biden, who was speaking at a union site close to a new GM plant that?s set to produce the new Chevy Cruze, pointed to new jobs and investments made in the auto industry here in Lordstown, along with the $23 billion companies like Ford, Chrysler and General Motors have promised to invest in production on American soil.

?What they didn?t say at their convention is because of the auto rescue, there are 4,500 of you working here today making a decent wage. What he didn?t say, GM is adding two shifts, GM has already announced a $200 million investment here in Lordstown,? Biden said. ?It?s not the Bain way, not in Mexico, not in China, not in Vietnam, but in Lordstown, in Detroit, in Toledo, in Cleveland. Made America, made in America.?

Brendan Buck, a spokesman for Ryan, said, ?The vice president can?t answer for this administration?s unfulfilled promises and failed record. The president inherited a troubled economy, but he?s not made it better ? he?s made it worse, with fewer jobs and lower incomes for middle-class families. Like many towns across America, Janesville, Wisconsin, is still waiting for the recovery the president promised.?

Biden criticized Romney?s position on the auto bailout and lobbed a new Bain attack at Romney, citing a recent piece by Rolling Stone correspondent ?Tim Dickinson?that alleges Romney was, said Biden, ?willing to go to extremes to secure a federal bailout? for Bain.

?You know, he?s absolutely against the federal government or any government using funds to save jobs and save industries. That?s not his view in the free enterprise way. He says it?s bad for business, except when it comes to his business,? Biden said. ?The way Bain Consulting reorganized cost the government and American taxpayers $10 million.?

?Now, imagine that. It was one thing when a million middle-class jobs were on the line. It was another thing when his own financial interests and those of his partners are on the line. And now ? and now they say they care about the middle class. Isn?t it amazing how they found the middle class? They were searching all around, and they found it,? Biden said to laughter.

Biden told the crowd he was proud to speak before a group of autoworkers because ?as the son of an automobile man, this makes me feel good. My dad sold what you make, and he sold Chevys, by the way.?

Source: http://abcnews.go.com/blogs/politics/2012/08/day-after-gop-convention-biden-slams-romney-ryan/

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