Jaime Fuller

Jaime Fuller is a former associate editor at The American Prospect

Recent Articles

Handicapping 2012

Today's Balance Sheet: Starting off the 2012 race between a tortoise and our economic recovery

In the past few weeks, the good economic news pouring in has kept newspaper business sections buoyant, but the celebrations may be premature. One of the biggest problems barring a quick comeback for the economy is inadequate aggregate demand —without demand, we can't produce more goods and can't hire more people. The Treasury estimates that the gap between actual and potential output is over 7 percent—that's equal to $1 trillion worth of goods and services. The U.S. has a considerable 12.1 million jobs gap as well, which won't close until 2024 if we keep adding 200,000 new jobs per month, the pace set in December 2011. Recovery so far has been somewhat backwards too—consumer spending, housing, and construction are usually signs of early growth, but they have been the last things to bounce back. Instead, manufacturing and business investments—leading to downturns in unemployment—have been at the forefront of our recovery. These changes have led to a tepid increase in consumer spending...

What Makes a Champion?

Rick Perry has a new minute-long campaign ad out today, and he's pulled out all the emotional stops. It covers all requisite Ken Burns bases—there's baseball, war vets, and even a Tim Tebow kneeling in the rain. There are planes, trains, and automobiles. Watch the magic for yourself. The video starts by asking "What makes a Champion?," segues into reminding us that Rick Perry ran the world's 13th biggest economy and that he created 1 million jobs , and ends by saying "This is a Leader." We'll see if this works in a state where he's currently polling only three percentage points ahead of Stephen Colbert .

Insourced

Today's Balance Sheet: Obama tries to bring manufacturing jobs back home. 

As part of an effort to push "insourcing," President Obama is proposing tax incentives for companies that move manufacturing jobs back to the United States. “I don’t want America to be a nation that’s primarily known for financial speculation, and racking up debt and buying stuff from other nations,” Obama said during an announcement yesterday. “I want us to be known for making and selling products all over the world stamped with three proud words, ‘Made in America.’” The U.S. economy added manufacturing jobs for the first time in over a decade the past two years, so the president hopes the incentives will help deepen that trend. The proposal—which would also curtail tax breaks for those who continue to search for cheaper labor abroad—gives a hint of the populist economic message Obama plans to use in his State of the Union address and the general-election campaign. Reviving American manufacturing is a compelling narrative, especially on the campaign trail, but the truth is it's still...

Romney's Peanut Gallery

The score between Romney and "Anyone But Romney" stands at 2-0 after the former governor’s victory in New Hampshire last night, and the likelihood that a Santorum or Gingrich gets the nomination gets slimmer every day. All the candidates have gone south for the rest of the month. The other candidates know that if Romney wins the next two primaries, they have no reason to stay in the race, and are campaigning as if their political lives depends on it. Anti-Romney ads dominate the airwaves, but the anti-Romney campaign might be too little, too late. Romney had a 55 percent chance of winning South Carolina even before his boost of momentum in New Hampshire, according to Nate Silver’s projections. Between Mitt Romney’s anti-Obama victory speech and the Obama campaign’s glee at the Republicans doing their Romney-bashing dirty work for them, it’s increasingly hard to see Gingrich, Santorum, Paul, and Perry’s desperate efforts as anything but an annoying buzz underneath the general election...

The Romney Campaign Heads South ... of the Border

AP Photo/Chris Carlson
The most Mexican man in the world. Mitt Romney won the New Hampshire primary last night with 39.3 percent of the vote, but 11 hours ago, the Twitter handle @MexicanMitt won 100 percent of the Twitterverse's heart (rough approximation). The fake Twitter feed—most likely inspired by the fact that George Romney, the candidate's father, was born in Mexico, giving Mitt Romney the option of dual citizenship —already has more than 300 followers, and, in less than a day, has provided more exciting rhetoric than Mitt Romney has said during his entire career. Starting off strong with the tweet, "Corporations are peoples, my amigos!" and segueing right into, "You know how you can tell I am Mexican? Because I take the Americans jobs!" moments later, it's hard not to take the self-proclaimed "Most Mexican Man in The World" seriously. Romney's stance on immigration won't win over the Hispanic voters that Republicans need if they want to have a strong showing in November, so @MexicanMitt will...

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