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Money
  • Mitt Romney Deals With Life After Loss

    Mitt Romney silhouetteA lesser man than Mitt Romney would be devastated by having his lifelong ambition crushed by something as arbitrary as the majority will of American voters. Somehow, someways Romney has been able to pick up the pieces and readjust to life as a regular multi-millionaire living in La Jolla, California and Wolfeboro, New Hampshire.

    He's been spotted doing rich-guy things ("driving a new black Audi Q7, a luxury sport-utility") and decidedly middle-class guy things, like taking his family to Disneyland and ordering Thanksgiving dinner "from Boston Market, the home-style restaurant chain, because there were too many kids running around the house to bother with cooking a feast."

    Amid all that, Romney has even jump started the nanotechnology sector of the American economy

    Gone are the minute-by-minute schedules and the swarm of Secret Service agents. There's no aide to make his peanut-butter-and-honey sandwiches. Romney hangs around the house, sometimes alone, pecking away at his iPad and e-mailing his CEO buddies who have been swooping in and out of La Jolla to visit.

    However sympathetic the post-campaign Romney may be, it's impossible to read that sentence without hearing the strings of the world's smallest violin.

    Photo by Jewel Samad/AFP/Getty Images


    Tags: California, Mitt Romney, Money
  • From the Pork Barrel: Shifting Currency

    * Congress is considering doing away with the $1 paper bill and replacing it with a coin. Which is kind of appropriate since the dollar is only worth about a quarter anyway.

    * Show me where in the Constitution its says that the Founding Fathers intended for Christian Slater to get to vote to begin with.

    * John Boehner appointed Candice Miller to a House chair position. That should effectively solve the Republican's problems with women, don't you think?

    * Download our free iPhone and iPad app Indecision Election Companion and join us for our last Peanut Gallery event of the 2012 election cycle. We'll be watching and responding to Timothy Geithner's appearance on CBS's Face the Nation this Sunday on CBS, 10:30 am ET. So, please join us and contribute your two cents. Though, that might be asking a bit much in this economy, am I right?


    Tags: Candice Miller, House of Representatives, John Boehner, Money, Timothy Geithner, Voter Suppression
  • How Barack Obama Saved "Star Wars"

    When it became clear that Barack Obama was going to win re-election over Mitt Romney on the promise of raising taxes on the wealthy and upping the capital gains tax rate, he truly achieved something that nobody thought was possible.

    He wrested control of the Star Wars franchise away from George Lucas and put it in the hands of younger filmmakers who might actually turn it into something worth watching

    As the law currently stands, the capital gains tax rate will see the largest year-over-year increase in history. Some intelligent investors didn't wait for election results to lock in the low capital gains tax rate.

    A good example is Star Wars creator George Lucas, who recently sold his Lucas Films empire to Disney (DIS) for $4.05 billion. Lucas built his empire over many years and is sitting on a very large capital gain. Although Lucas has not publicly stated that tax policies had anything to do with the timing of the sale, there is speculation that it was a large factor.

    Now he just needs to have the CIA scrub the films and all records of any reference to midi-chlorians and have Jar Jar Binks sent to the Tatooinean equivalent of Gitmo, and his legacy will be complete.

    As a wizened old hunched and hair-thinning mentor would say, "A big fucking deal this is."

    Photo by Jim Watson/AFP/Getty Images


    Tags: Barack Obama, Corporations, Money, Nerdiness, Star Wars, Taxes
  • Tweet Untweet: Keep the Change


    Tags: Barack Obama, Money, Tweet Untweet, Twitter
  • Dumb Rich People Give Us Hope

    Many writers with basic numeracy skills have already commented on the silliness of rich people who have no idea how the tax system works, but these commentators fail to appreciate one essential fact:  the dumb, affluent, whiny Americans featured in this NY Times piece are beacons of hope for millions of their fellow citizens who suck at math but want to be rich. It's quite possible to be both…

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    Tags: Money, New York Times, Taxes