April 10: The Fat Cats Weigh In

What you need to know to navigate today’s most critical debates.

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What’s Driving the Gender Gap Between Obama and Romney? It’s the Economy, Stupid (Forbes)
ND2.0 Editor Bryce Covert writes that the birth control debate has gotten women engaged in the election, but birth control itself isn’t their top concern — it’s that the rest of the world is falling apart while we focus on what goes on in their bedrooms.

Economy has grown the most when Democrats have been in power (WaPo)
Suzy Khimm flags a JPMorgan report suggesting unified Democratic government is best for the overall economy, but a Democratic president with a GOP Congress is worst for the economy and best for the stock market, i.e. the rich man’s economy.

Goldman Sachs says divided government probably best (Salon)
Goldman adds its 2 billion cents to the debate with an analysis that argues maintaining the current status quo is ideal for deficit reduction, since as Alex Pareene notes, Democrats love compromise and Republicans love making them compromise.

A ‘Fat Cat’ With the President’s Ear (WSJ)
In a profile written like the story of how an old married couple met, UBS president Robert Wolf says his friendship and advisory role with Obama has stayed strong over the last four years while the rest of Wall Street started seeing other people.

How Occupy Wall Street Plans to Take Down Bank of America–And How You Can Help (AlterNet)
Sarah Jaffe notes that Bank of America only lives up to its name in the sense that it assumes it can bilk us for cash whenever it runs into trouble, but Occupiers plan to show that economic security is easy come, easy go, just as banks like BoA taught us.

Join the conversation about the Roosevelt Institute’s new initiative, Rediscovering Government, led by Senior Fellow Jeff Madrick.

In foreclosures, Occupy groups see a unifying cause (Reuters)
Occupy is broadening its reach and honing its criticism of banks by occupying foreclosed properties, but banks remain confident that police will clear away the riff-raff so they can get back to the important business of evicting 83-year-old women.

Raising the Floor on Pay (NYT)
As pressure grows on Congress to raise the minimum wage from $7.25 an hour, business leaders argue doing so would hurt the economy and kill jobs, while proponents argue it would help by allowing people to… what’s the word… buy stuff.

Obama Candidate Sketches Vision for World Bank (NYT)
Jim Yong Kim is conducting a “listening tour” in the countries that will soon be overruled on who leads the World Bank, but he still faces criticism on issues including his experience and past work challenging the organization’s doctrine of infallibility.

The People vs. the IRS (BusinessWeek)
As the IRS steps up its audits and scales back on face-to-face contact, experiences with the agency are becoming less like human interactions and more like uncontrollable natural disasters, but frustrated taxpayers want relief and reform.

Corruption Responsible for 80% of Your Cell Phone Bill (Republic Report)
Roosevelt Institute Fellow Matt Stoller notes that while other countries pay much less for cell phone use, telecomms giants’ cozy relationship with Congress allows them to stifle competition and charge what they want. That news could be met with a bad reception. Okay, sorry.