Paul Krugman's Dark Prediction For Mitt Romney

[kpete]

Has there ever before been a major presidential candidate who had a multimillion-dollar Swiss bank account, plus tens of millions invested in the Cayman Islands, famed as a tax haven?

And then there’s his Individual Retirement Account. I.R.A.’s are supposed to be a tax-advantaged vehicle for middle-class savers, with annual contributions limited to a few thousand dollars a year. Yet somehow Mr. Romney ended up with an account worth between $20 million and $101 million.

There are legitimate ways that could have happened, just as there are potentially legitimate reasons for parking large sums of money in overseas tax havens. But we don’t know which if any of those legitimate reasons apply in Mr. Romney’s case — because he has refused to release any details about his finances. This refusal to come clean suggests that he and his advisers believe that voters would be less likely to support him if they knew the truth about his investments.

And that is precisely why voters have a right to know that truth. Elections are, after all, in part about the perceived character of the candidates — and what a man does with his money is surely a major clue to his character.

.....................................

Yet obviously that’s something Mr. Romney doesn’t want to do. And unless he does reveal the truth about his investments, we can only assume that he’s hiding something seriously damaging.


MORE:
http://www.nytimes.com/2012/07/09/opinion/krugman-mitts-gray-areas.html?_r=3&ref=opinion

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Romneyland says it's 'unseemly and disgusting' to ask Mitt to disclose his tax and financial records

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[randome]

1. No one vetted Paln. And no one vetted Romney.

How much more proof do we need that the Republicans are self-destructing in front of our very eyes?

Now is the time to kick them where it hurts!

[Doctor_J]

2. Please check the 2010 election results

before declaring the Repukes dead. As long as Hate Radio rules the land, so will the far right.

[randome]

5. I'm not sure radio is responsible for the election results. It's a factor.

Still, you have a point, I don't understand how Republicans get elected in the first place.

[Ikonoklast]

9. Scared Old White Men who vote.

Not saying that is the only reason, but it is a pretty big one...but getting smaller every minute.

Demographics will shred the Republican Party within twenty years; this is their high water mark.

It's all downhill from here for them, and they know it.

President Obama was the Bellweather of that sea change in voter demographics.

[Chorophyll]

12. I hope you're right.

I feel strongly that the extremism of the current Repug party is some kind of death-knell. Can't happen fast enough.

[Ikonoklast]

15. This is the apogee of their political power.

The trendlines for their traditional powerbase from here on out is in decline, with no foreseeable new voting demographic to lay claim to.

And yes, I agree that what we are seeing is their last Big Push, their Battle of The Bulge, as it were.

Doomed before it ever started, as you cannot change the numbers.

Their over-reach has soured a lot of people on the brand called "Republican".

[libinnyandia]

11. Low voter turnout is one of the reasons 2010 happened. If people do nothing the GOP wins.

[Doctor_J]

14. It was a landslide, and regardless, it disproves the Reply #1

premise that the Repukes are dead on their feet.

[libinnyandia]

17. National turnout 2008 61.06% 2010 41%. Google election turnout 2008 2010

[CreekDog]

19. Hate radio is declining, it doesn't rule the land

[Doctor_J]

20. wrong and wrong

if am radio were to become balanced tomorrow, we would win a landslide this november and for the foreseeable future.

Wake up, man. If we are going to come back we have to face the reality of what we're fighting.

[CreekDog]

22. "wake up man"...who listens to hate radio?

fewer and fewer people every day.

how many 20-somethings listen to hate radio?

[vi5]

3. Yes, they're clearly self destructing....

Any day now. We've only been saying that for the past 10 years or so. Yet here they sit with control of the house, with control of the senate within arms reach, and a horrible presidential candidate still polling dangerously close to an incumbent Democratic president. That's not to mention a fairly large amount of state governers and state legislatures under their control.

Yes, they're clearly hanging on by a thread.

When I see threads or comments on DU talking about how the Republicans are overreaching or self destructing it reminds of that old Monty Python skit with the knight getting his limbs chopped off and still declaring how he has the other guy on the run and his injuries are just flesh wounds.

[randome]

4. Point taken.

But I don't think we've ever seen anything like this before, where even the Republicans don't like their nominee. Still, you're right, though, it's been said before.

[Doctor_J]

6. No shit

at least once a day we read how they're almost dead. I can't tell if the posters are moles or completely delusional.

[Vidar]

7. They're self-destructing, but we're in the dog crate on top of their car.

[A HERETIC I AM]

8. That wasn't a skit...

It was a scene from the movie " Monty Python and the Holy Grail"

[Chorophyll]

13. Well, they won't self-destruct if

we sit on our asses just waiting for it to happen. I do think they're on the ledge, but we need to give them a push.

[ohgeewhiz]

10. Krugman NAILS IT!

Simple as that!

[churchill1985]

16. ...

But apparently the guy is still going to claim he knows what "regular people" are going though.

Give me a fucking break.

[Tierra_y_Libertad]

18. Romney is well on his way to Footnoteville.

[Canuckistanian]

24. He'll be the 21st century's Pat Paulsen

Always running and very definitely a joke. Although in Mitt's case, unintentional.

[Douglas Carpenter]

21. excellent,,,let this go far and wide!!

[CTyankee]

23. If Paul Krugman says it, you can take it to the bank...

that man is never wrong. Never.

If Obama had listened to him in 2009 he would've fought for, and gotten, a second stimulus, which is what the economy needed and as Christine Romer had strongly recommended. That he didn't was tragic, I think. It's very depressing to think what might have been...