Mitt Romney - An Adhoc Campaign "Strategy"


In this "off-the-cuff" statement Mitt makes one error. He states that 47% pay no income tax. The actual number of non-taxpayers is 49.2%.

Additionally, Romney has gotten mucho heat in the mainstream media over this comment. Accusations have flown from the "left" on this - accusations of "he is against the elderly", "against the poor", etc. If one applies rationality here, clearly that is not about which he spoke or meant. Consider, would any "serious" politician (liberal, conservative or other) make such an edict? I feel the answer is clearly NO.

Watch the clip and then come back to see what was "edited" out of the clip.

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The following is a part of the full transcript of Romney's speech:

Audience member: "The debates are gonna be coming, and I hope at the right moment you can turn to President Obama, look at the American people, and say, "If you vote to reelect President Obama, you're voting to bankrupt the United States." I hope you keep that in your quiver because that's what gonna happen. And I think it's going to be very effective. Just wanted to give you that."

Romney: "Yeah, it's interesting…the former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it.' It's just made up money, and this does not augur well for our economic future.

You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind. Yeah, George."

This transcript portion is a MAIN issue of which we, as a country, should be worried; NOT some assumed slam against those who are not "rich".