Today’s Republican Party believes in two sets of rules: one for millionaires and billionaires, and another for the middle class. And this year, they’ve nominated the strongest proponent—and clearest beneficiary—of this rigged game: Mitt Romney. Never in modern American history has a presidential candidate tried so hard to hide himself from the people he hopes to serve.
…there’s one really big reason for the hostility between the wealthy and the White House: Mr. Obama is breaking with the narrative about American capitalism that has prevailed in this country at least since Ronald Reagan. That is the idea that when the rich get richer, everyone else benefits, too. Instead, the president is suggesting that American capitalism isn’t delivering on its promise to the middle class—and that the rich should help fix that by paying taxes at a higher rate.
bold, ours. more, here.
Frito-Lay North America president Tom Greco recently cited a “bifurcation” of American snack eaters, a remark that the company’s chief marketing officer summarized as “the rich are getting richer and the poor are getting poorer”…this is the first time the head of a huge consumer goods company has basically admitted that 1) the middle class is on its way to being kaput and that 2) marketing plans should address that economic reality.
more, from “Decide Now: Are You Neiman Marcus or Walmart?
…the question in this election is going to be whose vision is more likely to create that basic bargain, to affirm that basic bargain that made America the economic superpower and the greatest country on Earth? And that bargain says that if you work hard in this country regardless of what you look like, where you come from, what faith you hold, who you love, that you can make it if you try. The question in this election is going to be whose vision is most likely to lead us back to a point where economic growth is strong and is steady and is broad-based so that people who are willing to take initiative and work hard can succeed; that we’re not just a nation of consumers, but we’re a nation of producers; that we’re not just importing, but we’re exporting; that we’re a magnet for good, well-paying middle-class jobs in this society. And the choices in this election could not be starker.
—President Obama, from his remarks at a campaign event at the Planetarium, Philadelphia, Pennsylvania.
art: illustration by Tsevis
If Congress fails to act, workers and small businesses won’t get the tax cuts they need, the typical middle-class family will see its taxes increase by $1,000 next year, and millions of Americans looking for a job will be left out in the cold…The president won’t be satisfied until Congress gets this done.
Amy Brundage, a White House spokeswoman.
…we have this idea that we put all this stuff out there and what we get back are intangible or abstract benefits of reputation, or ego-boosting. Since we’re used to that bargain, we’re impoverished compared to the world that could have been and should have been when the Internet was initially conceived. The world that would create a strengthened middle class through what people do, by monetizing more and more instead of less and less. It’s possible that that world could have never come about, but that was never tested. If we are absolutely convinced that this third way is impossible, and that we have to choose between “The Matrix” or Marx, if those are our only two choices, it makes the future dismal, and so I hope that a third way is possible, and I’m certainly going to do everything possible to try to push it.