Opinion: Economic Confidence Rises Despite Republican Efforts Against It
Republicans will continue to talk down the economy for the next two months specifically because they want the economy, and the country, to suffer in order to win an election.
Watch CBS News
Republicans will continue to talk down the economy for the next two months specifically because they want the economy, and the country, to suffer in order to win an election.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Commonly referred to as "what goes around, comes around', the Republicans are finding plenty to take shots at as the Democrats conduct their week in the 'often dubious' political spotlight called "the Convention".
Tonight, when Vice President Biden and President Obama address the country the question before them is an obvious one: are we better off than we were four years ago? The answer is equally obvious: YES!
Sitting in the Time Warner Cable Arena last night I was struck by how different the Democratic National Convention was from the Republican event last week. Unlike the Republicans in Tampa, Democrats focused on the fight to preserve the middle class and the American Dream.
Comerica Bank's Michigan Economic Activity Index jumped 2.0 points in June, spiking to a level of 105.9. That's the highest the index has reached since 2002.
Mitt Romney's economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Instead of getting rowdy at a demonstration or protest regarding the lack of jobs throughout the country, people can voice their discontent with the nation's current unemployment rate on this Labor Day by simply placing an empty chair in their front yard.
The White House Press Corps members finally got the White House Press Conference they've been shouting for. And they only have themselves to blame for letting Obama turn much of it into a campaign speech by the questions they did and didn't ask.
If you know you're not going to blindly support the "left" in this coming election, see the movie '2016: Obama's America'. But, fair warning, it's disturbing – and quite frightening – to say the least.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
Car sales may not be back to pre recession levels, but dealer profits are.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Many who supported Obama in 2008 did so because they believed that he would help black Americans. The criticism four years later is that having a black president in the White House hasn't helped African Americans at all.
As car and truck sales slow a bit here in the U.S., they are heating up internationally.
The blatant lies and the desperate spins generated from the "left" have been absolutely frightening. What's extremely sad for them is that they don't have a prayer of keeping the White House without creating lies and spinning obvious negatives into self-reported positives.
The Michigan Supreme Court broke new ground Tuesday in criminal cases involving unpaid child support, saying poor parents can defend themselves by showing it was impossible for them to come up with money.
You know the saying: 'As GM goes, so goes the nation.' Last week, both GM and Ford stocks sputtered on Wall Street as their European operations continue to be a challenge.
Down to the trademark "W", W. Mitt Romney is literally the second coming of the George W. Bush: the economic strategy that led to the worst American economy since the Great Depression and the Bush legacy of secrecy in the face of questions from the American public.
Obama's latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Of all the signs leading to a defeat for President Barack Obama in the presidential election of 2012, the most glaring sign is the 8.2% unemployment rate.
Mitt Romney's contortions to differentiate offshoring from outsourcing don't matter to those who lost their jobs because of it.
Five months before the presidential election, this rating is disastrous for Obama – almost as disastrous as the lack of any results for America these past four years.
Obama spent his speech blaming the Republican Congress for the nation's woes and his own inability to accomplish what he knows he hasn't accomplished.
"Twenty-seven percent of companies are reporting here in metro Detroit that they plan to hire, while only 5 percent are planning to reduce staff," Jones said.
A Detroit man was sent to prison after 24 rounds were fired into his former girlfriend's home as children were sleeping, authorities said.
A man who was extradited to Michigan from Georgia in March 2025 for sexually assaulting a minor in 2008 has been found guilty.
A three-person Michigan lottery club plans to travel and invest after winning a $1 million Powerball prize.
Ninety-two years ago, historians say, the state of Michigan experienced its coldest recorded temperature.
One man died as the result of a head-on traffic collision Sunday in Washtenaw County, the Michigan State Police reported.
Police in Detroit are investigating after they say a woman was found dead on a street on the city's north side Sunday evening.
Ninety-two years ago, historians say, the state of Michigan experienced its coldest recorded temperature.
Police and loved ones are looking for a 25-year-old Wyandotte, Michigan, man who family says was declared missing on Friday.
A Detroit man was sent to prison after 24 rounds were fired into his former girlfriend's home as children were sleeping, authorities said.
More than a dozen passionate Washington Township residents stood on a bridge near 26 Mile Road to raise awareness about a proposed data center on Sunday.
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Planned Parenthood of Michigan has started to offer vasectomy services in Grand Rapids, with plans to expand the procedure across the state.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
The Girls on the Run program in Metro Detroit is seeking volunteers to support its efforts. Here's an explanation of the program and what to expect.
Savannah Guthrie's mom, Nancy Guthrie, was reported missing Feb. 1, and authorities have still not identified a possible suspect or person of interest.
A 19-year-old man has been rescued after a parking garage partially collapsed in Dearborn, Michigan, on Friday night, according to authorities.
Police in Detroit are investigating after they say a woman was found dead on a street on the city's north side Sunday evening.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.