Read a Pacific Northwest, liberal perspective on world, national, and local politics. From majestic Redmond, Washington - the Northwest Progressive Institute Official Blog.

Tuesday, April 03, 2007

Super (Rich) Mitt

Mitt the Super Rich candidate has lots of money from other Super Rich people.
Romney worked assiduously to enhance his political stature with strong fundraising, scheduling over 20 events during the 31 days of March. Along the way, he tapped extensive contacts from his work as a venture capitalist, past chairmanship of the Republican Governors Association and longtime involvement in the Mormon church.
Of the three, the venture capitalist part is probably key. Basically the monied class has realized that it actually does matter who is president, as huge deficits and illogical wars tend to be bad for the economy. When it comes to social issues, the stock market doesn't care about Plan B unless it isn't selling well.

Make no mistake about it, a Romney nomination would mark the logical outcome of money in politics. He's definitely the candidate of the corporate and super-rich class, which means he could stand to do fairly well. One intriguing campaign dilemna he faces is the probable lack of support from the evangelical base of the GOP (a lot of those folks see the Mormon Church as a cult, which is a whole 'nother discussion.)

If Romney decides to present himself as a "moderate," which means in the American political lexicon anything to the left of Rush Lumpenbaugh, he could continue to pick up steam.

For the record, what concerns me about Romney is not his religion but his status as the leader of the Super Rich Republican Party. There's nothing inherently wrong with being super rich, and many Americans seem to think it could happen to them, but there is something wrong with tax policies that continue to give huge breaks to the super-rich and corporations while 50 million people don't have health insurance.

We'll probably never see 90 percent marginal tax rates again, but I can't remember what I did with my Bush Bribe a few years ago. It probably paid to fix or replace something around the house.

It's time for the executive class to pull its weight in this country. One less trip per year to Aspen won't kill them.

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