Jaime Fuller

Jaime Fuller is a former associate editor at The American Prospect

Recent Articles

A Comedy of Errors

A new spin on the GOP race is hard to find as the chips fall into place for Mitt Romney to snag the nomination. There are only so many ways you can say Romney will win, and there’s only so far you can stretch the continuing credibility of the other three remaining GOP candidates. Some reporters and pundits have already begun to fantasize about the 2016 race, but there is still plenty to say about the general election. One surprising thing: This is gearing up to be the best campaign season for comedy since the salad days of the Bush years. In 2008, Sarah Palin was the saving grace in a contest between two politicians who defied easy comedic characterization. This year, the Republican nominee isn’t likely to be outshined by his running mate. Frank Rich wrote today: "Comedy is the only business we can be certain that a Romney presidency would grow." But we don’t even need to wait to see if he wins for the laughs to begin—the man has already established himself as the class clown of the...

Underdogs Lose the Money Crutch

Today's Balance Sheet: Is the GOP primary finally petering to a close?

The Economist
Big states that are expensive to have a campaign presence in are up next in the GOP primary, and they aren't going to be too friendly to the candidates' dwindling coffers. Seven primaries were held in February, and the contenders drained their funds in order to perform well in the high-stakes contests: Romney spent over $12 million while raising $11.5 million; Santorum raised $9 million, but spent $7.6 million; and Newt Gingrich spent $1.5 million while raising $2.6 million. Super PACs have become less of a supplement and more of a crutch as the GOP race plods on, keeping moribund campaigns alive. Foster Friess, who has helped keep Santorum afloat with regular cash infusions to the Red White and Blue Fund, said yesterday that the "role I needed to play is maybe accomplished." The super PAC ended the month with only $365,000 in the bank, compared with the $10.5 million still on hand for pro-Romney Restore Our Future, which has started to collect the Republican establishment donors who...

Are We There Yet?

AP Photo
It’s official: Primary fatigue has set in. Today’s contest in Illinois is the 28 th primary or caucus so far, and just as the public reacted in groans after the 20 th debate, folks are starting to tune out this Herman Cain and Rick Perry-less contest. We have our fond memories, of course—the Iowa caucuses dished up an exciting and tense start to the race, and the late-night culmination of Super Tuesday had its moments. But now even the suspense that kept us glued to every word Wolf Blitzer and Anderson Cooper uttered on primary nights is fading fast—the current Real Clear Politics average has Mitt Romney up by 10 percentage points in Illinois. Even David Axelrod is putting his money on Mitt tonight. With Rick Santorum unable to build momentum from his Deep South wins last week, the Romney campaign has returned to its pre-Iowa strategy of talking smack about Obama. Although Romney, party elites, and the pundits are all back on the same page, the remaining renegade Republicans are still...

The Budget Plan Cometh

Today's Balance Sheet: Budget Day is Here!

Representative Paul Ryan, chair of the House Budget Committee, plans to unveil his 2013 budget plan this morning, much to the excitement of Democrats and to the chagrin of Republicans, who remember how last year's budget negotiations turned out for them (not well). Although the details of the plan have yet to be released, changes to the tax code and Medicare will be the proposal's big-ticket items . Ryan's budget would make it so the tax code would have only two brackets—15 and 25 percent—eliminate the Alternative Minimum Tax, and cut almost all taxes on U.S. corporations' overseas earnings. Congressional Democrats are already gearing up to assail the budget plan. As Politico put it , "the release of the House GOP budget is like Christmas in March," and media blitzes and town halls are already in the works to frame the budget in a way that could leave them winners for the second year in a row. The Budget Committee plans to vote on the plan tomorrow, and House Democrats will unveil...

What Do You Do with a Pile of Cash?

Today's Balance Sheet: Investors and the stock market are likely to be in a good mood after Apple's big announcement.

The Washington Post
Apple—the world's most valuable company— announced today that it plans to use some of its $97 billion cash stockpile toward paying a regular dividend of $2.65 per share starting in the fourth quarter, and a stock buyback of up to $10 billion . Apple has resisted paying dividends—the last time Apple paid a dividend was in 1995 , before Steve Jobs returned as CEO—but analysts say that the plan is likely good for the company in the long-term. “It will attract a broader class of investor," says A. M. Sacconaghi Jr. with Bernstein Research. “This is something that large shareholders have been asking for," says Shaw Wu at Sterne Agee & Leach Inc. Over the course of three years, these programs should use up about $45 billion of the cash accumulated during past few years. The Latest Playing at No Cost, Right Into the Hands of Mobile Game Makers The New York Times Luxury Chinese Liquors Become Multibillion-Dollar Brands Bloomberg Businessweek News of the World The Economist Greek Deal...