This is politics, not a peer-reviewed research essay. Is Obama's insinuation not 100% above board? Sure. But it's a half-truth that's in the service of a much larger and more important truth: that Romney is the very epitome of financial sector's arrogance and lack of accountability which is largely responsible for destroying the US economy, and the American middle class, while preserving the gains of the rich at any cost. You can worry about Obama's fidelity to detail all you want.
The guy isn't a journalist; he's a politician, and the argument he's making against Romney does reveal Romney's true core as another arrogant Master of the Universe who takes it for granted that he lives by a separate set of rules from everyone else. If Obama has to exaggerate and oversimplify to get there, then so be it.
Sen. Harry Reid (D-NV) – a leader of a party whose members publicly preen themselves on their alleged devotion to science and realism – throws a conniption fit because the uniforms to be worn by U.S. athletes at the 2012 Olympics were stitched together in China rather than in America (“Burn US Olympic uniforms because they’re made in China,” July 12).
Mr. Reid’s outburst reveals his ignorance of a foundational conclusion of economic science, namely, that people are enriched when they’re free to purchase from whomever they choose regardless of political boundaries. Yes, there are economists who emphasize (mostly purely theoretical) exceptions to the case for free trade – none of which are relevant here – and even a few fringe economists who reject that case altogether. But economists’ overwhelming, non-partisan, and research-based consensus today is, as it has been for years, that free trade (even when unilateral) is beneficial. Mr. Reid’s temper tantrum proves that he is either inexcusably dimwitted about matters on which he legislates, or interested, not in science and realism and truth, but in scoring political points by appealing to the uninformed emotions of constituents.
Why not run a campaign based on that substance, and leave Mr. Romney’s personal history alone? The short answer is, get real. Look, voters aren’t policy wonks who pore over Tax Policy Center analyses.
For Mr. Obama, Ms. Pritzker’s wealth and business experience are huge assets but also potential liabilities. He considered nominating her for commerce secretary but did not, because her fortune risked making her radioactive.