Thursday, January 12, 2012
Time for a Quarterly Blog Post- Republican Strategy Edition
Romney, multimillionaire, King of Private Equity, Creative Destroyer of Jobs, barring some unforseen campaign mishap (per Edwin Edwards- being caught in bed with a dead girl or a live boy), will be the Republican Presidential nominee. As Romney is filthy rich he will be particularly vulnerable to charges of being out of touch or being in bed with Wall Street. The latter charge may or may not be accurate but is a bit spurious considering his opponent, the President, will in all likelihood obtain more campaign contributions than Romney from Wall Street (probably including Bain, Romney's old firm) and considering that under President Obama those Too Big to Fail firms have simply gotten bigger and are at the current rate becoming Too Big to Save. That aside, one way for Romney to mitigate this weakness is to propose a revenue neutral financial transactions tax. As it is revenue neutral this shouldn't piss off the base much and if he were to propose the proceeds go towards offsetting the employer portion of the payroll tax to stimulate hiring such a proposal would also appeal to moderates and some disenchanted Democrats. Anyhow, Romney Campaign, you are welcome.