by a directed connecter? i think that was not what they expected. i think they expected him to speak for about three minutes. went on for about 12 or 13 and wauf that, it pushed the entire event back and some people probably didn t even get to hear mitt romney speak. i think he delivered a fine speech. it was just about what he usually does. maybe short of some substantive issue, but more like a state of the union. hit on some of the points he wanted to get at, but clearly, he s probably not going to see much of a bounce out of that because this democratic convention is butting up right after it. michael, isn t the real problem here that although mitt romney has been running for president for over six years, the reality is that his personality, his character, has been defined by democrats and not by himself? i think you could say that true, but the real problem for romney, we have a very stable, fixed electorate. the republicans and mitt
the president came out and forcefully asserted that it s mitt romney who has introduced bain capital as his sole claim to fame. he can t talk about being governor because he lost jobs. he won t talk about his personal narrative because he was a child of a rich and powerful father. isn t the real problem here that romney doesn t have anything else to offer the voters aside from bain capital? well, i think that s exactly right. look as you say, it was mitt romney himself who put this forward as judge me by my 15 years and remember that when he talks about this he also levees a personal attack on president obama. he says if he had ever worked in business, he would understand how it works.
they do a lot of investing and provide companies with start-up capital or existing capital to grow, this type of tax rate will hurt the economy, destroy jobs and ultimately result in less ref lieu for the federal government. what you point out and a lot of people don t understand that, the tax rate what you pay on passive income, the 15% capital gains, but that money, that is earning and paying tax, that you re paying taxes on, was already taxed when it was accruing in the first place and that s the point. absolutely. a form of double taxing, now, the president s position is, let s have a, a tax rate that s more fair, that s more equitiable. isn t the real problem, peter, it s not the tax rates that we need to tinker with, it s the entire tax structure because of all of the 67,000 pages that we have an irs code that nobody, including the irs, understands, wouldn t it be better to restructure the tax to have a flat tax?
bucket. some reports put it as high as $47 billion but either way you re nibbling around the edges at the federal deaf sight, right? it is tiny. compare this with the alternative minimum tax which they re considered scrapping which brings in hundreds of billions of dollars. remember that, hundreds of billions. jon: isn t the real problem here, the, the decision about whether you tax stock income or not? yeah. that s the real issue. and it s the dividend income. and what we need to be very careful here not to stymie the one thing that the low tax on dividends was designed to do. that was designed to get people to commit capital for long periods of time so that new factories and new machinery could be built and purchased so that we can be more productive as a society and create jobs and just have a better, you know, a better life here in america. that is what it was designed to do. the, there is, a way that
governor romney. and it is the equivalent of malpractice to nominate someone that gives away the most important issue in this race. malpractice. couldn t be anyone worse. wow. for his part, governor romney is running a new ad in illinois that accuses santorum of, quote, economic illiteracy. santorum s real weakness is the economy. he s never run a business or a state. his plan, economic illiteracy, inexcusable. the worst idea of any gop candidate. but you know, willard, this isn t the real problem as you. his real problem is himself. talked about how romney has failed to communicate any narrative about why he should be the president. one calls it, quote, a clumsy campaign that lacks a message.