The Low Down on the Debate....Sainath

www.counterpunch.org/2012/10/05/obama-can-keep-the-change/


When Mr. Obama allows his adversary to get away with some of the worst statements ever made by a U.S. presidential candidate. Till last week, it looked as if Mitt Romney was shoring up the Obama campaign, so crazy were his mistakes. Take his comment that 47 per cent of Americans paid no income tax, saw themselves as victims and “so my job is not to worry about those people.”
That should have sunk him. That it didn’t is also a measure of how much credibility Mr. Obama has lost in the past four years.

As he enters the final lap of his re-election bid, the jobless numbers are daunting, and the unemployment rate is above 8 per cent. No President seeking re-election since Franklin D. Roosevelt has had to contend with such figures.

Yet, as economist Paul Buccheit points out in [/size]Nation of Change [/size]: “Based on IRS figures, the richest 1% nearly tripled its share of America’s after-tax income from 1980-2006. That’s an extra trillion dollars a year. Then, in the first year after the 2008 recession, they took 93 per cent of all the new income.” Corporate profits doubled in less than 10 years. As Buccheit writes: “Corporations pay even less than low-wage American workers. On their 2011 profits of $1.97 trillion, corporations paid $181 billion in federal income taxes (9%) and $40 billion in state income taxes (2%), for total income tax burden of 11%. The poorest 20 per cent of American citizens pay 17.4% in federal, state and local taxes.”

the plain fact is that Obama has been so bad as president he cannot defends his presidency.  there is nothing in there to defend, or to sing and story


all that is keeping Obama in the water is the fact that Romney is a jackass...an empty suit or plain white sheet, upon whom Zion intends to write the program