Democrat Cory Booker may not want “to sit here and indict private equity” like that once run by Republican presidential hopeful Mitt Romney, but a former Labor secretary was more than happy to take that plunge. Booker, the mayor of Newark, N.J., stirred up a firestorm Sunday by appearing on national TV to seemingly undercut President Obama’s attacks on the way Romney handled his time at the head of private-equity firm Bain Capital. However, Robert Reich, the Clinton-era Labor...
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Jobs Report Puts Pressure On GOP
The federal government’s report that the nation added 200,000 last month only puts fresh pressure on congressional Republicans to do more to help the struggling U.S. economy, and struggling jobless Americans in particular, according to many both in and out of the Obama administration. The Labor Department released employment data Friday, which also found the national unemployment rate dropped to 8.5 percent, its lowest level in three years. Despite the hope that the news represents, it also points out...
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