SMRs and AMRs

Wednesday, January 25, 2012

Critiques for Capitalists in Obama’s Speech, With One in Particular in His Sights

By MARK LANDLER
NYT

WASHINGTON — President Obama did not mention Mitt Romney on Tuesday evening, but he didn’t need to. Mr. Romney, whom the president’s aides still view as his most likely opponent in the fall, was the unspoken adversary in Mr. Obama’s call for a more equitable society — the natural foil for his proposals to level the playing field for middle-class Americans, from taxes to trade policy.

When Mr. Obama talked about levying a millionaires’ tax, he might have been referring to Mr. Romney’s newly released tax return, which disclosed he paid a tax rate of 13.9 percent on income of more than $20 million in 2010.

When he referred to his administration’s bailout of the auto industry, noting that “some even said we should let it die,” he could have been talking about Mr. Romney’s argument that the carmakers should have been allowed to fail. And when he said he would oppose “any effort to return to the very same policies that brought on this economic crisis in the first place,” he could have been referring to Mr. Romney’s call for a rollback of regulations on Wall Street.

Nine months before he faces the voters, Mr. Obama seized what is likely to be one of his most prominent platforms of the year to draw a bright line between himself and Mr. Romney — and, in the process, try to appeal to those frustrated by the deepening economic divide.

(More here.)

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