Saturday, December 10, 2011

58 Second Flat Post-GOP Debate Analysis: A $10,000 Bet ...

On anyone but Mitt. Which was the effect of Romney's juvenile challenge to Rick Perry on what was, or was not, written in the first edition of Mitt's book regarding Romneycare. That kind of stratified country club millionaire's bravado is so divorced from the day-to-day money worries of ordinary middle class Americans trying to stay ahead of expenses, that it's akin to George H.W. Bush showing how out-of-touch he was with plain folks by not knowing how a price scanner worked. Mitt is effectively toast in Iowa, and if he doesn't stop the bleeding in New Hampshire, he's finished.

  • $10,000 is one-third of a median family's annual income in affluent states in this country;
  • $10,000 is a downpayment on a new home for many middle class home buyers;
  • $10,000 is 10 times larger than the average payroll tax cut for 160 million middle class American workers;
  • $10,000 can cover one year's tuition costs for thousands of young people without the means to afford a college education; and
  • $10,000 is the kind of money only high-end professional gamblers with the fattest bankrolls risk; they rarely make a prime bet exceeding 5% of bankroll, which means, to place a bet of $10,000 they need to have a gambling bankroll of $200,000.
Sounds about right for Skippy the Mittster — sitting in the country clubhouse placing $10,000 wagers on a friendly game of poker with his rich buddies. The man's a walking, talking monopoly game. Skippy's fadeaway may be going, going, gone ... by the time the Iowa Caucus voting begins. Meanwhile, no one landed any stingers on Newt, though Bachmann tried and Paul made a half-assed attempt. Newt had the best line when he said Romney didn't have a career in politics only because he lost the 1994 Massachusetts Senate race to Teddy Kennedy.

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