Gordon Osmond

Gordon Osmond
Location
Sao Paulo, Brasil
Birthday
November 09
Company
those with whom I choose to keep
Bio
Retired lawyer, playwright, English teacher, tennis umpire. Author of So You Think You Know English: A Guide to English for Those Who Think They Don't Need One. ISBN: 978-1-61546-414-2 and Wet Firecrackers http://www.publishamerica.net/product38929.html Osmond hosts a weekly interactive broadcast dedicated to the discussion of books and ESL education. To participate, check out www.publishamericaauthors.com

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FEBRUARY 4, 2012 12:42PM

Romney's Second Gaffe

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Outrage at Mitt Romney's statement about the state of his concern for the poor has received a lot of ink and air of late. It matters not. The poor are in the pocket of Papa Obama and nothing that any candidate can say will sway. I do, however, share the concern of many who are discouraged by Romney's failure to articulate the enlightened conservative "take" on what it will take to minimize poverty, knowing full well that it can never be eliminated. As a credentialed Mormon, Romney could well have cited the position of his Church, which is to "take care of our own" rather than rely on parasitic assistance from government.

 

I am more concerned with the other bookend of Romney's statement—that the rich are doing just fine, which is both short-sighted and lacking in philosophical perspective. The rich are doing just fine if and to the extent that the prevailing political philosophy is grounded in the sanctity of private property. As long as Obama is quoting the Bible as justification for modern-day Robin Hoodlumism and as long illegal occupiers are being characterized as anything other than the trespassers they are, the rich are fine, but only for the moment.

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politics, obama, romney

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The whole statement is better, but, that also evades like you say the question of, "Are the poor actually served well by the safety net," that he takes for granted, but, people like Jack Kemp argued, maybe correctly maybe not, did not in fact really serve the poor's long run interest. Phrasing it the way that he did was probably not wise, although, winning a campaign by being all about poor people isn't likely either in a democracy, since most people by definition aren't poor or rich, but statistically speaking, must be middle class, whatever the reference distribution of income.
If only the “1%” are ‘rich’, and if we have descended to the depths now that 15% live at or below the poverty line (making them the ‘poor’), then what do we label the 84% in the middle? Is that class “shrinking”?

Many seem unable to understand that Romney’s equity interest in publicly held companies is a significant mechanism by which private sector jobs were created or are being maintained. Many don’t seem able to understand that Romney’s ownership of debt instruments is a significant mechanism by which both public and private sector jobs are created or maintained. Many seem unable to understand that Bain’s investment in AMC Entertainment, Brookstone, Burger King, Burlington Coat Factory, Domino’s Pizza, Guitar Center, Hospital Corporation of America, Sealy, The Sports Authority, Staples, Toys “R” Us, Warner Music Group, etc., secured, maintained, or created thousands of jobs.

It bothers me that Romney, or his surrogates, don’t communicate this message any better than they do. Instead, Romney seems ashamed of his tax rates and of what he did to acquire his wealth. To be elected, he must certainly identify with people who are less wealthy than he is, but his awkwardness in doing so puzzles me.

I wonder what any free enterprise system would do if there weren’t markets around which allowed capital to be invested and if there weren’t persons or entities around that were willing to risk investing capital. Does anyone believe that our economy would be as vital and resilient as it is if the situation were otherwise?

Perhaps Romney could benefit from the reminder that your blog presents.
Glad to see you're worried. But with either Romney or Obama, you won't have to lose any sleep.