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This ‘Trial of the Century’ Is 100. Its Lessons Could Save the Democrats.
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A hundred years later, many religious Americans in rural areas still feel
that the cosmopolitan leaders of the Democratic Party look down on them.
3 hours ago
1 comment:
... In large part this is what cost Mitt Romney the presidential election. He didn’t run his campaign like Apple. He ran it like Nokia. Like … Microsoft. Like BlackBerry.
Just think: Who runs for president while keeping his millions in an offshore trust in the Cayman Islands? Who runs for president with his finances in such disarray that he dares not release more than two years’ tax returns?
(Details of Mitt Romney’s finances were revealed in his tax returns and personal financial disclosures. The campaign has declined to comment on them in detail.)
This wasn’t big picture. This was basic competence. Mitt Romney should have put all his money in Treasury bonds and index stock funds eight years ago, when he first began running. Forget “blind trusts” and all that jazz. You don’t need them. No one can criticize a presidential candidate for owning Treasury bonds.
They would have provided high regular income. Bond income is taxable as ordinary income, so as a presidential candidate Mitt Romney would have been able to boast that he paid 35% tax, or near enough, instead of 13.9%. It is a lot more effective to complain about high taxes when you’re actually paying them. The kicker: Even after paying these taxes he would have pocketed more money than he actually got from his blind trust of hedge funds and private equity funds. That’s because he would have saved a fortune every year on all those fees.
More money in his pocket, and more votes on Tuesday. Simple, really.
......cont/
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