Desperation Time In Chicago
If a leading Democratic liberal and Obama supporter like Rattner, who himself has become a millionaire from equity funds management, can tell the truth when asked, clearly the electorate can also be informed about how capitalism works. On this point, the Romney team has already responded with their own video showing that Romney’s team created thousands of jobs in Indiana by funding another steel company. And, of course, they can point to the many jobs lost and dealerships closed as a result of the terms of Obama’s bailout of Chrysler. Under capitalism jobs cannot be guaranteed. As Joe Scarborough pointed out, his late father used to say when he was laid off for a year and a half that “if you want a guarantee of employment, go to the Soviet Union.”
So as it looks now, the president is in for some rough sledding. He will attempt to deal with this by increasing the attacks on Romney as a person, and by shifting left in order to reassure his dwindling base that they have reason to come out and do the kind of legwork that enabled him to win in 2008. Look for more promises to students, women, gays and African-Americans — pie in the sky that the gullible among these groups, he hopes, will respond favorably to.
If the Republican Party does not mess up its chances, it is indeed possible that Mitt Romney will be our next president.