Buffett just seems like such a good guy:
Buffett, a Democrat and Obama-supporter, had one question for Mitt Romney: "Do you think the tax system should be perpetuated?"
He doesn't blame the former Massachusetts governor or any of the ultra-rich for paying lower tax rates than most Americans and challenged Congress to make a change.
"I don't pay hardly any payroll taxes," Buffett said. "Gov. Romney hardly pays any payroll taxes, Newt Gingrich hardly pays any payroll taxes. Debbie pays lots of payroll taxes."
He lashed out at assertions from many Republican leaders that the "Buffett rule" is class warfare.
"If this is a war, my side has the nuclear bomb," Buffett said. "We have K Street. … We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life."
Of course he is 100% accurate.
I'm not going to shame Mitt Romney for doing business with Goldman since the bank is so large, however not everyone can say they are invested in an "elite division" — gasp! Elite! — only open to those who have $10 million in their pocket to invest. And given that $10 million is only half of Romney's yearly income, it's another sign that he has absolutely nothing in common with average Americans. It's also why he struggles to appear as though he does.
Aside from being invested in an "elite" division of Goldman Sachs, a new report from ThinkProgress also indicates his investments in Goldman may have benefited from the foreclosure crisis and bailout funds.
Along with his investments in Bain Capital funds linked to offshore tax havens, the Romneys have large investments in the Goldman Sachs Strategic Income Fund (institutional class). The firm's March 2011 annual report for the fund notes that about 8 percent of the fund is invested in banks and 24.5 percent is invested in mortgage-backed obligations. Romney's form says he has invested between $1,000,001 and $5,000,000 in the fund and his wife Ann has invested an additional $1 million-plus. Since the 2008 economic meltdown and the enactment of the Troubled Asset Relief Fund, this fund has done quite well, growing 7.88 percent between April 2010 and March 2011.
Woops! It just so happens that Florida was hit particularly hard by the recession, however this could also be very damaging to Romney heading into Nevada where the wrath of the foreclosure crisis was greatest.
Question: Why should we Let Detroit Go Bankrupt while investments made by Mitt Romney are rescued? Does Mitt Romney secretly love bail outs?
Timothy Phelps tells HuffPo:
"He's a liar, thief, and adulterer... that's Newt Gingrich, the so-called "champion" of the conservative party. These people claim to be Christian, New Gingrich and Mitt Romney and some of them others. They aren't pure followers of Jesus Christ. I wouldn't trust [any] of them with a handful of change to go get me some bubble gum. There's nothing of any value in [any] of those human beings. I would rather have Obama."
Wow. And they think THEY are followers of christ?
"You have to live in a world of Swiss bank accounts and Cayman Island accounts and making $20 million for no work, to have some fantasy this far from reality." -Newt Gingrich on Mitt Romney's immigration policy
Keep going GOP candidates! You're doing great!
Krugman: Finding the truth
So what do you say to a news reporter when asked how you'll improve relations with the Latino community after four of your police officers were just busted by the FBI for racial profiling? Well, you probably wouldn't say this.
And here's Charles Pierce on his "fuzzy-wuzzy math"
"Lemon tree very pretty and
the lemon flower is sweet
But the fruit of the poor lemon
is impossible to eat."
Niger, El Salvador Beat United States in Press Freedom Last Year
Were you, like us, very ultra super secretly sighing to yourself — under your breath when you were absolutely sure no one could hear you — hasn't this campaign season gotten sorta boring since Michele Bachmann dropped out? WELL SIGH NO MORE: her surrealist sideshow is coming BACK following Michele's announcement today that she will run for re-election to Congress! Will the voters of Minnesota's 6th District once again choose to be represented by a whacked out, pill-snarfing lunatic screamer over any other available adult human? True, it's not like America will be in any DANGER if she wins again — she never actually does anything in Congress, ever. She is more like very expensive, taxpayer-funded entertainment. But hey, maybe Minnesota's 6th District is feeling flush again this year? UPDATE: HAHA oh god we love it, Michele Bachmann has no idea what words mean in English and went on Fox News to qualify her initial statement of "yes" with more of a "maybe definitely yes" declaration of non-candidacy candidacy. Who knows!
The AP reports:
"I'm looking forward to coming back and bringing a strong, powerful voice to Washington, D.C.," Bachmann said.
Bachmann will be a formidable candidate in Minnesota's 6th District, where other Republican hopefuls had stood aside until she made a decision on running for re-election. Some experts had speculated that Bachmann might instead turn to a career in talk media.
TALK MEDIA!!!! No, that is only for second-tier entertainers that the public doesn't want to pay for with taxpayer money, like Sarah Palin. [AP]