From Markos on Gingrich’s current populist and, seemingly, Occupy-Wall-Street-inspired campaign against Romney:
Translation: Republicans in the 99 percent don’t like the guy with the Swiss bank accounts and Cayman Island tax shelters.
Newt’s outrage is driven by the polls.
If Newt wins the GOP nomination, will he be able to pull off this sudden interest in populist issues like income inequality and fairness better than a president and his party who have been discussing them all along?
Howard Schweber says,
[T]hese voters don’t care that Gingrich was a Washington insider, or has a record on family values that would give pause to one of the Borgia popes. It’s why they don’t really care that he contradicts himself, or says crazy things. They want crazy. They want to hear their anger and resentment made into a national platform. They are the victims of an evil conspiracy — no one plays the victim better than Gingrich when cornered — and they resent it.
They don’t really care what Gingrich says he will do, or whether it makes sense, or even whether they would approve of his policies or benefit from them. …only Newt has captured the key emotive element that drives the Republican core this year: resentment. The hard right core of the Republican Party is filled with resentment, and they have found just the man to let us all know about it.
But seriously, when Mitt Romney is nominated this summer, here’s an indication of the Reality Shitstorm that has been unleased and will continue through Election Day:
In October, Romney suggested that the solution to the foreclosure crisis was “don’t try and stop the foreclosure process. Let it run its course and hit the bottom.” While that process is bad for Florida homeowners, these investments show it may have been good for the Romneys.
Maddow Blog: AP sends this picture of Mitt Romney yesterday at National Gypsum in Tampa, Florida, under a sign that reads “OBAMA ISN’T WORKING.”
That has been a theme of Mr. Romney’s campaign, but not usually on the day Mr. Romney releases his tax returns and shows he made many millions on his investments and puts nothing in Line 7 — the one for wages, the one for money you made while working.
No one, not one person on this earth, is amused by Mitt or his tax returns and income.
Bob Cesca notes,
One week ago Mitt Romney referred to his income garnered from speaking fees as “not very much,” and “not very much” turned out to be $362,000 in 2010 as reported by USAToday
Upon today’s release of Mitt Romney’s tax return, we find out the USAToday report was wrong. “Not very much” was actually $529,000 in 2010.
And this from John Cook,
Rich asshole Mitt Romney released his 2010 tax returns and an estimated return for 2011 [yesterday]. Together they total more than 500 pages, because purposefully structuring your wealth so as to maximally exploit the massive tax loopholes you have lobbied for over the decades is very complicated. The topline: Romney made $45 million in 2010 and 2011, almost exclusively from sitting there and watching his investments belch out money. He paid a tax rate of 13.9%. According the IRS, the 400 wealthiest Americans paid an average tax rate of 16% in 2008.
Get this: Not only did Mitt pay just 14% federal tax on the $21.6 million he earned in 2010 by doing nothing / producing nothing, but Mitt and Mrs. Mitt paid a higher tax rate to FOREIGN COUNTRIES. Let the eagle soar!
DNC Video: “An Ordinary Swiss Account”: