Tuesday, September 18, 2012
Let the 47% eat cake
There has been a lot of “first time I've ever heard of that" in this presidential campaign, but I've never seen a campaign self- destruct in a period of two weeks. I can't imagine how Mitt Romney would have reacted to the 2008 financial crisis or a terrorist attack. I gave him the benefit of the doubt because he implemented Romneycare but in the clip I posted, he seemed at ease telling the fat cats that he wasn't gonna worry about those people. He made similar remarks after the NAACP convention saying, “I’m not going to give them free stuff." Mitt Romney said those words were off the cuff but I'm not buying it.
Mitt is hitting on a popular Republican theme for not raising taxes on the 1%. The Republican argument is that 47% of taxpayers don't pay income tax is running thin. Most people understand that because of unforeseen circumstances, many taxpayers were laid off, and they now fall into a bracket where their deductions, credits, and adjustments allow them to receive back more than they paid in. Older people living on their pension and Social Security checks are in that 47%. Students entering the job market for the first time might be in that 47% and so the point being; not everyone who ended up not paying income tax last year is a deadbeat Obama voter. Talk about class warfare.
Mitt Romney is not one to preach about government handouts because he only pays 13% to 17% income tax on his earnings while the rest of us pay more than that. We don't have tax shelters in the Cayman Islands. His tax plan calls for 20% cut across the board, but it still gives him a very healthy tax cut. The wealthy will get their tax cut by eliminating some middle class deductions and credits; however, it has not been announced.
I don't know why the conservative pundits are angry at Mitt Romney. It's the same message they've been preaching. I think that they want him to say the words that will win him the presidency and then enact the Ryan budget which will be devastating for those who are already struggling.
The Romney apologists will now reset their aim on the indigent, making them the scapegoats for all our ills. The same ol' made-up stories of poor people loading their grocery baskets with prime ribs and other expensive food, paying with the Lone Star card and driving off in a brand-new Lexus. These stories are as close as the storytellers will get to understanding economics'. If you ask them for the percentage of GDP, Welfare, the SNAP program and Medicaid represent; they will say it doesn't matter because they don't know.
I still believe that Mitt Romney is an intelligent businessman, but now I think he's a con artist because he must know that Wal-Mart (one of his top donors) will not let him go after China for its currency manipulation. It's that currency manipulation that allows Wal-Mart to buy cheap Chinese products and sell them to us at a good profit.
Mitt Romney has been trying to please the base, but they can see right through him because, as they say, “a leopard doesn't change its stripes." Mitt Romney should have run as a moderate Republican because that's what he is. He's a Rockefeller, country club Republican, and it's easy to see that in his economic plan and tax policies