Wednesday, January 25, 2012

Fear and loathing on the campaign trail 2012

Mitt Romney released his tax returns, and it became obvious why he wasn't willing to do it a couple of months back:

The documents show that Romney's income places him in the top 1% of earners in the US...

Yeah, that would have been pretty embarrassing back when all those people were shouting "We are the 99%!" Obama's team will be making up slogans as I write this, so no doubt it will still turn out to be pretty embarrassing if he gets the nomination.

19 comments:

Lofty said...

PMilt, why is it an issue???

Someone will always be in the so called 1%, it is just a matter of degree.

Is this thread just a jealous reaction from you?

Anonymous said...

that Tom Hunter says ...

Since I long ago lost hope that any of these freaks will actually change US government institutions to be self-sustaining, the whole GOP vs. Dem thing leaves me cold. But even on that scale the "I'll make it work" technocrat from MA especially has me rolling my eyes.

All that aside, is the Guardian proposing to increase the dividend tax rate from 15% to equivalent income tax rate levels? That's what we have here in NZ and look what it does for investment.

Besides, Bill Clinton has made more than $100 million as a result of his political connections, as will Obama when he leaves office. In Guardian world that's apparently more respectable. Funnily enough it appears to be more respectable in Romney's eyes as well, since he won't or can't defend being a capitalist himself.

Winning

The Veteran said...

Milt ... in an earlier post I said that Romney's refusal to release his tax returns would come back to bite him big time ... and it did in the SC Primary.

Romney forgot the first rule of politics ... the need to be proactive rather than reactive ... and now he is left playing catch-up politics .. never a good thing.

It is not his wealth that is at issue. He could have turned his success into electoral advantage ... 'We should celebrate success. It is the American dream and give me a chance and I will make you (America) wealthy too' ... or suchlike. He has squandered that chance.

He is playing the Washington outsider vs the Washington insider card and how that that will resonate remains to be seen.

But I continue to be amazed that the GOP sees Romney and Gingrich as quality candidates. They are to the Republicans much like Goff was to Labour and Peters to National before be jumped/pushed.

On current form I fear that Obama will win at a canter.

Mike Huckerbee ... where are you?

Anonymous said...

You wouldn't want a president from the bottom 1% would you. It seems appropriate to me that the leader of the Nation should have reached the top 1% of earners, ours has.

baxter said...

above.........Baxter

Anonymous said...

When the dirt get shaken out I'm surprised at the quantity of it from those who would want to boss me about. If he's tax legal I don't care.

3:16

Blair said...

But I continue to be amazed that the GOP sees Romney and Gingrich as quality candidates.

I don't think anybody sees them as that! But they are the best campaigners of those who put their hand up. We are just going to have to make do.

Judge Holden said...

"It seems appropriate to me that the leader of the Nation should have reached the top 1% of earners..."

It's an odd right wing trait to equate merit and virtue with wealth, while at the same time harbouring a hatred of knowledge and science. What drives that do you think? Jealousy?

Anyway, Go Newt!

Psycho Milt said...

It seems appropriate to me that the leader of the Nation should have reached the top 1% of earners, ours has.

I guess if you like the idea of being led by currency traders and corporate raiders/asset strippers it's appropriate, but the only things you can really be confident about with people like that are that they'll put their own interest first and regard you as a cheap, disposable item. It's not what I'd look for in someone to run the country.

Barnsley Bill said...

PM you cannot for a moment believe that John Key came home to further enrich himself?
I doubt he is making more than if he had stayed offshore.
He is the first prime minister in my 20odd years here that looks to have sacrificed income to take on the job.
My comment should not be interpreted as an endorsement of John Key.
Giving Cullen a platinum parachute abruptly ended my bromance with our PM.

Mort said...

it should have been ankle irons rather than platinum parachutes with the level of corrupt practices the previous govt performed, not that the current one has changed anything much for the benefit of the people who want create jobs, and help rebuild our once great little nation and get us back into the top 20 OECD nations again.
Why is it Holden that you assume right wingers hate science and knowledge? Is it a blanket hatred? Or is it just a hatred of corrupted scientists and their phoney results?
Are you basing your knowledge on the bible belt of America and some of those people having a belief in Creationism, and categorising them as right wingers?

Would you consider a muslim capitalist a right winger? Their holy book describes embryology and cell structures and all manner of biological science.

Is someone who believes in evolution too intelligent to be a right winger? Are all those capitalists who developed every advancement e.g. medicines, treatments, computers, software, fertilisers, efficiency enhancing or problem solving devices etc. and took them to market for the betterment of mankind whilst earning a buck for their efforts, are they all left wingers because they believed in a piece of science or knowledge, and hence they were obviously too bright to be Right winger creationist Neanderthals?

Psycho Milt said...

PM you cannot for a moment believe that John Key came home to further enrich himself?

There's more to self-interest than money. Key's interest is in being PM. He's fulfilled that ambition and will presumably find something else to do after this term. NZ is irrelevant to him otherwise, which is why he's spending his time as PM on photo ops and glad-handing celebrities.

Mort said...

you aren't wrong there PM. Politicians manage to create nice retirement positions or superannuation packages, not to mention the platitudes, which are essentially undeserved. Look at the people on NZ's top 20 list. Everyone of those politicians was just doing their job (irrespective of how well they did it or not), and were paid handsomely at the the then going rate, not to mention the ongoing lifelong support voted for themselves, so don't deserve to be on there.
I would be the first to back up your call to block Key from entering that list, on the proviso all the politicians were removed from it.

FAIRFACTS MEDIA said...

And how many millions is Obama earning?
I am sure he will do even better in retirement when those he helped while he was in the White House return their favours.
Tony Blair seems to have prospered much too in recent years.
Expect Gordon Brown to do likewise despite the disastrous nature of his regime.
Romney need not be embarassed by his riches.

Judge Holden said...

"are they all left wingers because they believed in a piece of science or knowledge, and hence they were obviously too bright to be Right winger creationist Neanderthals?"

Sometimes. Other times they're suffering from appalling cognitive dissonance, like you are mort.

Fairy did you stop blogging because of how embarrassing the whole exercise was? Still unemployed?

Psycho Milt said...

And how many millions is Obama earning?

Well, his tax return showed 26% tax paid on income of $1.8 million - just about twice Romney's tax rate, but then, Obama's not the 1%. Did you have an actual point to make, Fairfacts?

Anonymous said...

that Tom Hunter says ...
but then, Obama's not the 1%.

Are we talking income or assets? Because if it's the former I've got bad news for the "he knows what it's like to struggle" crowd.

Mark said...

PM is against anyone successful being in the White House, that is why he loves Obama.

Worst President ever. He makes Jimmy Carter look good.

Judge Holden said...

"Worst President ever."

Certainly the worst President since W, but for appalling the Texan moron takes some beating. Interestingly, however, it appears that Perry is even thicker. Must be something in the water.

Anyway, go Newt!