Mitt Romney Fails World Economy 101

The Republican presidential candidate relying the most on a resume of financial acumen to propel him into the White House is undoubtedly Mitt Romney (or R*Money, as his Highlife Homies call him). But as his first post-Iowa campaign event in New Hampshire shows, he may not be able to live up to the hype. From the National Journal:

“One man asked about the growing gap between rich and poor in America. Romney essentially said that it could be worse, and challenged the crowd to name a country where the average income is higher than in the United States.”

First of all, there are ten countries that have a higher average income than the U.S., including Norway and Qatar. But that’s beside the point. The average income says nothing about income inequality. If I were in a room with Bill Gates, the average net worth of that room would be about $25 billion dollars, of which my contribution would be negligible. The United States is home to several billionaires whose presence warps the average income scale.

A more relevant fact is that the 400 richest Americans control more wealth than the bottom 150 million combined. There’s your wealth gap. What’s more, on income inequality the U.S. ranks 18th out of the 20 richest countries:

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Decadence Index

Romney, the man who believes that corporations are people, chose the cowardly route and dodged the substance of the question. It was also a bit arrogant of him to expect the crowd to have come to the event with data on the world’s average incomes and then claim victory when they didn’t dispute his evasive premise. Which is a good thing because the facts didn’t support his premise.

Finally, the event was also an opportunity for Romney get a bootlicking from his newest fan, John McCain. After declaring his endorsement, the exceedingly “senior” senator from Arizona introduced the former Massachusetts governor as “President Mitt Romney.” Just a slight reality tilt. I’m sure he’ll be fine.

[Update:] McCain’s endorsement of Romney got even better the next day when he expressed his confidence that President Obama would turn the country around:

Fox News Promotes Violent Oil Industry Threats Against Obama

The Keystone XL oil pipeline was one of the most controversial issues of 2011. The project has raised concerns amongst environmentalists, labor unions, and the oil industry. President Obama kicked the matter down the road by delaying a decision until after the 2012 election in order to have more time to study the environmental impact and alternative routes.

Throughout the year, Fox News has openly sided with oil industry interests in favor of expediting the pipeline. They have repeatedly aired segments with proponents falsely claiming that the project would create anywhere from 20,000 to a million jobs. (Opponents note independent studies that place the figure closer to 6,000 jobs that are mostly temporary).

This morning Fox News escalated the public relations campaign on behalf of big oil. Megyn Kelly (the female Glenn Beck) conducted an interview with Jack Gerard, the president of the American Petroleum Institute, a lobbying association. Just to be clear, this was not a Republican congressman who supports the project. It was not a director of a citizens group. It was not a labor spokesman representing the interests of workers. It was a paid lobbyist for the oil industry. Can you guess what position he took?

This is just another example of Fox serving the interests of wealthy corporations (and advertisers) at the expense of actual people who will have to live with the consequences of these projects. There was no spokesperson for the other side of the debate. It was a segment devoted solely to giving free air time to an industry public relations executive.

And, by the way, here is how the matter was handled by Fox Nation:

Fox Nation Horse's Head

For those who don’t recall, the symbolism of a horse head in bed comes from a gory scene in the film “The Godfather.” It was done as a warning to the victim that he and anything, or anyone, that he cared about could end up the same way. Therefore, the Fox Nationalists are suggesting that Obama or his family could be slaughtered by oil barons if they do not submit to their demands to approve the pipeline.

In the most generous interpretation, it could be assumed that all Fox meant was that there would be “political consequences” for his refusal to kneel before Big Oil. However, the “horse head” imagery was entirely the work of Fox News. It was never mentioned in the article from The Hill that Fox used as its source.

So you cannot blame the oil industry lobbyist for this offensive and hostile rhetoric. It is the sole responsibility of Fox News. Remember that when anyone suggests that Fox has had a course correction and is attempting to moderate their radical and dangerous extremism.

Faux News Analyst Rails Against Faux News

Gretchen Carlson, ordinarily seen peddling GOP talking points as a co-host on Fox & Friends, was filling in as an anchor on Fox’s “America’s Election Headquarters” news program this morning when she introduced her guest:

“Fox News legal analyst Peter Johnson, Jr. thinks that Republican presidential hopefuls are being portrayed as a weak field by the liberal-leaning press.”

Actually, Republican presidential hopefuls are being portrayed as a weak field by pretty much everyone – including the Republican presidential hopefuls. Gingrich called Romney a liar. Santorum called Paul disgusting. Perry tagged Romney and Gingrich as the Washington establishment. Huntsman said…well, no one knows what Huntsman said because he can’t get on TV.

Conservative pundits from Karl Rove to Charles Krauthammer have lambasted the GOP candidates repeatedly. Tea Party leaders insist that they will not support one candidate or another. Even rightist icons like Dick Morris and Ann Coulter have admitted that they will probably have to hold their tongues and support the Republican nominee despite their lack of enthusiasm.

That said, legal analyst Johnson was bent out of shape over what he viewed as a liberal cabal to diminish the stature of the Republican candidates (as if they needed help). The source of his wrath was the allegedly biased reporting he encountered from what he called the “left-wing Politico” and “some of the less successful news channels.”

“GOP candidates are not only running against each other, but they’re also running against the mainstream media.”

He doesn’t explain how these news channels can be both less successful and mainstream. But he does go into some detail about the danger of misrepresenting oneself as a journalist.

“If you’re a commentator and an analyst – and I’m a commentator and an analyst – say you’re a commentator and an analyst. If you’re an activist, say you’re an activist. But to pretend that you’re a news person, to pretend that you’re giving a fair and balanced view of things, when in fact you have no credentials to do that, and your only history is to engage in activism, is to engage in politics, is to engage in propaganda, then that’s an unfair portrayal of the news to the American people.”

Well said. That’s exactly what I would have told Gretchen Carlson, who every day pretends to be a news person while having no credentials and engaging in propaganda. In fact, that little speech would apply to almost everybody on Fox News. It’s startling that Johnson was allowed to express himself so candidly. And Carlson deserves some credit for taking this criticism with such poise. It was like she didn’t even know that she was being harshly denigrated as an unethical hack.

I’m certainly going to save Johnson’s remarks so that I can refer to them whenever someone on Fox pretends to be a news person – which is pretty much whenever they are on the air.