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Political News: Romney Goes to Chipotle


Also, Obama's math on the deficit is getting fuzzier.

This column outlines the most interesting and useful business and financial commentary on politics every week.

Washington Post Election 2012
Link: Mitt Romney and Rob Portman Eat Chipotle Burrito Bowls
"On Monday night, Mitt Romney was waxing poetic about being at the foot of the Rockies and campaigning where the 'men and women have matched the mountains.' And on Tuesday, the Republican presidential nominee stepped up his Colorado courtship by paying homage to the state's fast-casual success story: Chipotle (NYSE:CMG).

"Romney stopped by a Chipotle in Denver, one of the chain's 71 Colorado franchises, for lunch before hunkering down for more debate rehearsals. Chipotle opened its first restaurant in 1993 near the campus of the University of Denver, site of Wednesday night's debate, and since then has quickly taken off nationally."

CNN Political Ticker
Link: CNN Poll: Obama at 70% Among Latino Voters
"The latest national survey of likely Latino voters shows President Barack Obama retaining a big lead over rival Mitt Romney in the key voting demographic, matching the level of support he received from Latinos in 2008.

"The poll also showed a majority of Latinos said the economy was a more important issue than immigration, and indicated enthusiasm among Latinos is lower than it is among non-Latino whites."

POLITICO On Congress
Link: Congress Passes Quick Fix to STOCK Act
"On a quick voice vote Friday, the House passed legislation that would hold off until Dec. 8 a requirement that some executive branch officials post financial disclosures online. The fixit bill, sponsored by Sen. Joe Lieberman (I-Conn.), cleared the Senate last week. The delay, according to the bill, is meant to 'prevent harm to the national security or endangering the military officers and civilian employees to whom the publication requirement applies.'

"This move gives time for officials to conduct a study on the potential risks of posting personal financial information online. The report is required within six months. The delay affects about 28,000 senior officials in the federal government."
Link: Obama's Deficit Dodge
"President Obama is falsely claiming that his administration's policies are responsible for 'about 10%' of the deficits 'over the last four years.' The cumulative deficit during that time is nearly $5.2 trillion. Obama signed two bills - the 2009 stimulus and the 2010 tax cut - that alone cost $1.6 trillion during that time, or nearly a third of the cumulative four-year deficit.

"How could he have been so wrong? Although he said 'the last four years,' the administration tells us that he was referring to a Treasury analysis of a 10-year period from 2002 to 2011 - which includes all eight years of the Bush administration and excludes the 2012 fiscal year, which ends Sept. 30 with a $1.17 trillion deficit."

Link: Good News for Romney in Nation Polls, and Obama in Pennsylvania
"Tuesday's polls obeyed by largely the same themes as Monday's. There were signs of tightening toward Mitt Romney in the national polls, but they were harder to discern in state surveys, which remained strong for President Obama.

"In this case, however, the data from national polls won out in the forecast, with Mr. Obama's odds of winning the Electoral College declining to 84.7% from 85.7% on Monday."
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