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ROMNEY'S WINNING STREAK
posted at January 11, 2012 8:00 AM EST
First: February 29, 2008
Last: March 7, 2014
(Excerpt) Mitt Romney says President Obama wants "to replace our merit-based society with an entitlement society." According to Romney, this means a European-style welfare state that redistributes wealth and creates equal outcomes regardless of individual effort and success.
That’s pretty strong stuff, but of course this doesn’t sound anything like the President Obama who many of us have come to know and criticize. After all, this is the guy who got at the top Wall Street bankers and told them that he was the only thing standing between them and the pitchforks. And, according to Ron Suskind, he assured them that he would hold his ground.
Romney’s complaint involves President Obama’s occasional references to "fat cats," plus the core of the Romney argument is that President Obama wants to raise the tax rate on high-income taxpayers back to the level of the Clinton years. Calling this sort of tax increase a redistribution that leads to equal outcomes regardless of individual effort and success is just nonsense.
The rich got plenty richer during the Clinton years.....it was the time when the stock market had its greatest rally since the 20s. There were huge fortunes made on Wall Street, Silicon Valley and other centers of the “new economy.” Bill Gates became the richest person in the world during these years.
Finally we have President Obama’s health care plan. Yes, this will extend health care insurance to tens of millions of people who would not otherwise have it. Of course having everyone covered by health care, which the plan will not actually accomplish, is not quite the same as ending the differences between rich and poor.
And the way in which the plan extended coverage ensures that Mr. Romney’s friends in the health insurance, pharmaceutical, and medical supply industries can continue to make great fortunes in the health care industry. Romney knows this fact very well, since the plan is essentially the same plan that he put in place as governor of Massachusetts.
In short, when Romney makes a comment about President Obama wanting to have equal outcomes regardless of individual effort and success, he is just speaking nonsense. This is a gaffe.
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