I guess using every tax avoidance loophole in history is “hard work”, but doesn’t it disqualify one from being realistically considered for public service?

Washington Post 

“Carried interest was intended to motivate managers going forward,” said Victor Fleischer, an expert in carried interest at the University of Colorado law school. “In cases like the Romneys, it just shows it is really all about fancy tax planning. It’s not motivating managers going forward.  Not only is Mitt not providing any future services, Ann never did.”

In recent years, the carried-interest deduction has proved controversial on Capitol Hill. There have been several unsuccessful efforts to eliminate the tax break, which critics say improperly treats profits like capital gains, and tax these earnings as ordinary income at 35 percent.

Some tax experts worry that the arrangements Romney benefits from set a bad precedent for a president. “He looks for every tax angle to a degree that is unbecoming in someone who would be the executive in command of the administrative apparatus that enforces the tax law,” said Lee Sheppard, a tax lawyer and contributing editor for Tax Analysts, a publication for accounting and legal professionals.

Only the rich and connected get to treat their labor as if it were capital (and thus get a 50%+ “motivational” tax break) . This is *the* problem, not a solution.

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The most basic, and perhaps profound, reason that OBAMA WILL WIN

Washington Post 

“The republic of Washington and Jefferson is now in danger of becoming the democracy of debt and despair,” Kentucky Sen. Rand Paul told delegates at the GOP convention delegates this past week. “Our great nation is coming apart at the seams.”

He was one of many Republican speakers who tried to tap into the public’s unease about the country’s future. In just days, Democrats will present a starkly different vision at their three-day convention in Charlotte, N.C., sketching out a portrait of a nation on the rebound after the worst financial crisis since the Depression.

They will try to play a consistent theme in America’s history —optimism.

By both showing how the change has worked, the hope stays alive.

Much like in 2008, the Republicans are playing checkers, while Obama plays hyper-dimensional Chess. Barring some major event, I’ll stand by this prediction for a few more months.

Note: I felt in 2004 the situation was reversed and the Democratic strategy of pointing out that Bush’s polices would *lead* to economic collapse (as they did) was weaker than the Republican’s message of “OH MY GOD!! 9/11!!!”.

There is a public record of that, BTW.

Is it physically possible for someone to be a larger hypocrite than Mitt Romney?

Let me give you a couple quotes….from yesterday….

Republican presidential candidate Mitt Romney on Tuesday delivered a harsh indictment of President Barack Obama’s re-election strategy, accusing the president of running a “campaign of division and anger and hate.”

“His campaign strategy is to smash America apart and then cobble together 51 percent of the pieces. If an American president wins that way, we all lose,” Romney told a crowd of thousands standing outside the Ross County Court House in southern Ohio.

[full story]

And from back in May….re: Donald Trump…

When asked about Trump’s remarks last week questioning whether Obama was born in the United States, Romney said he doesn’t agree with everything his supporters believe, but in the coming election he’ll need their support.

“You know I don’t agree with all the people who support me and my guess is they don’t all agree with everything I believe in,” Romney told reporters on an airplane before taking off for a campaign appearances Tuesday in Colorado and Las Vegas. “But I need to get 50.1 percent or more and I”m appreciative to have the help of a lot of good people.”

[full story]

Now…of course you are thinking…”yea, he’s about as big a hypocrite as I can imagine.”

But wait…what if his stated political philosophy is to be a huge hypocrite

That is the nature of politics, which is that you always accuse the other guy of doing what you’ve done yourself,” said Romney in a Wednesday morning Fox News appearance.

[previous post, full story]

So there you go…lie and then call the other guy a liar.   Cater to nuts, then blame the other guy for doing it.

Why Romney will get the Republican nomination and lose handily to Obama

Video version here…

Suffice it to say…the Republican primary pool is exceedingly shallow, and the President (who killed Osama bin Laden mind you) has a long track record of *at least trying*.   While many partisan Republicans give him no credit for this, and blame Obama for Bush’s economic catastrophe, most people do not, and like the hyperbolic attacks on Bush that failed to land in 2004, they will fail to land on Obama in 2012, as the Republicans nominate their very own John Kerry, who will lose handily to Obama in about a year’s time.

UPDATE: D’oh, accidentally left the video as private.  Fixed that.