Yesterday Mitt Romney may have found his campaign’s metaphor. The economy is sick, really sick. He is a caring doctor who understands how to heal the economy. So a vote for Dr. Mitt will make the economy better.
This is good news for the Romney campaign. After all, Romney keeps losing votes to a man who can’t even solve his own google problem, let alone run a campaign that doesn’t just sound like the mumblings of a crazy person. Rick Santorum’s no sex, no college, no separation of church and state, no kidding message is absurd, but apparently not as absurd as Romney’s incredible wealth. As Romney keeps sticking his millionaire foot in his millionaire mouth, saying things like his wife drives a couple of Cadillacs and that some of his friends own Nascar teams, voters go for the “sweet smell of Santorum.”
I would like to be the first in line to file a malpractice suit against Dr. Romney. He is the worst sort of doctor, one who is so completely caught up with his own powers that he is blind to the fact that his cure is far worse than the disease. Let’s take a moment to consider Romney’s understanding of how to “fix” things. At a speech in Detroit last week, Romney said what the economy needs is more tax cuts, including for the rich and corporations.
First, I will make an across-the-board, 20% reduction in marginal individual income tax rates [tax brackets]. By reducing the tax on the next dollar of income earned by all taxpayers, we will encourage hard work, risk-taking, and productivity by allowing Americans to keep more of what they earn.
The businesses that pay taxes through the individual income tax system account for more than half of all private sector jobs in the United States. So this tax cut will encourage businesses to hire, raise wages, and grow the economy.
Gee, that sounds exactly like the Trickle Down Economics that have been tried more or less continuously since Ronald Reagan took office and have worked to transfer wealth up to the wealthiest, which is, of course, what Romney is. Turns out that when you cut taxes for the wealthy and thereby force the slashing of the social safety net as well as educational opportunities, then the rich get richer and everyone else gets screwed. We have three decades of this Chicago-school economics. We know how the story ends when we give money to the rich. The rich get richer. But they don’t create new jobs in the U.S. necessarily—except maybe as their household help. They move their companies to the cheapest labor supply, they put their money in offshore accounts, and they think of nothing but producing more wealth for themselves and their families, not the greater good of their country. That’s why since the U.S. started this experiment in Reaganomics, 80 percent of Americans are worse off financially. That’s why the U.S. now has the widest gap between rich and poor of any industrialized nation. And yet there he is, our millionaire surgeon suggesting that the best way to solve our sluggish economy, brought on by the fact that many have nothing and a few have too much, is to cut off our legs.
But what does our surgeon Romney care? After all, he’s being handsomely compensated for his services. While “helping” the economy at Bain Capital, Romney earned $6,400 an hour!!! That is not a typo. What most of us earn over months, Romney earned for 60 minutes of work. And what was the brilliant economic cure? Lots of jobs where workers earn far below a livable wage at places like Staples and Sports Authority.
Before American voters fall for the smooth charm and bedside manner of Mitt Romney, doctor of the economy, they better take a look at one of my favorite horror movies first, Dr. Butcher, MD.