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Romney's Closing, Obama's Opening (TNR)

Jonathan Cohn writes that Mitt Romney's acceptance speech last night faulted President Obama for failing to live up to expectations, but it left him vulnerable if Obama lays out a more detailed economic recovery plan than: 1. Get elected. 2. ??? 3. Profit!

The Medicare Killers (NYT)

Paul Krugman argues that Paul Ryan's deceptive speech should at least dispel the myth that he keeps it realer than anyone in Washington, but he's still claiming the president wants to kill Medicare while his own party is brandishing the murder weapon.

At Convention, Lines Blur for Party and 'Super PACs' (NYT)

Nicholas Confessore notes that conservative Super PACs have dropped their fig leaf of independence at the RNC, where hobnobbing with politicians and party officials apparently doesn't count as coordination as long as no one's around to care.

Facts Take a Beating in Acceptance Speeches (NYT)

Michael Cooper writes that, much as protesters were cordoned off from the the convention where they wouldn't bother anyone, the truth was kept at a safe distance from the GOP's talking points on everything from Bowles-Simpson to General Motors.

Labor Day 2012 and the Election of 2012: It's Inequality, Stupid (Robert Reich)

Reich argues that as we take this long weekend to transition out of summer and into autumn, we should also be thinking about how we can transition toward an economy where 400 people aren't wealthy enough to buy and sell the bottom 150 million.

Democracy in Tea Party America (Project Syndicate)

Brad DeLong writes that by emphasizing how awesome the rich are for being rich, Republicans have undermined Alexis de Tocqueville's view of America as a place where rich and poor were in it together and ironically embraced their inner Frenchmen.

Majority of New Jobs Pay Low Wages, Study Finds (NYT)

Catherine Rampell highlights an NELP study that shows that the difference between the middle-class jobs shed during the recession and the jobs being added back now is like the difference between driving a BMW and riding around in a Rascal scooter.

Romney's Dodd-Frank Kill Pledge Collides With Wall Street Agenda (Bloomberg)

Phil Mattingly writes that while Mitt Romney has pledged to repeal Dodd-Frank, Wall Street is counting on that being only a semi-truth-adjacent statement, since they want to keep the parts they like and rewrite the rest. Because that's how rules work.

Foreclosure Free-For-All (Prospect)

Patrick Caldwell notes that the CFPB is facing pushback on its new rules for mortgage servicers, with consumer advocates upset that they don't prevent dual-tracking, a.k.a. "Let's work with homeowners to avoid foreclosure while foreclosing on them."

We're Going to Tax Their Ass Off! (Crooked Timber)

Corey Robin explains how Democrats evolved from the party of stereotypically free-wheeling big spenders who had to be reined in by the GOP to the party of deficit scolds who emphasize their fiscal sobriety while Republicans get high on tax cuts.