A great idea that is developing as a likely campaign slogan for President Obama and the Democrats in 2012 is to use the “Buffett Rule”, also known as the “Reagan Rule”, against Mitt Romney, the former Massachusetts Governor, if he ends up as the Republican nominee for President!
Romney is by far the wealthiest candidate, worth at least $250 million, and he has made it clear that he is opposed to the “Buffett Rule”, which would make millionaires and billionaires pay more than their staff members, and would be based on capital gains, not just income!
Romney, who laid off many employees as the head of Bain Capital, and has joked about being unemployed, having many Cadillacs, and boasted about increasing the size of his mansion, is against any more taxation of his wealth. despite the fact the he has paid a very low level of taxation and has seen his wealth multiply due to the Bush tax cuts.
He has also come out against the “Occupy Wall Street” movement as something dangerous, refusing to understand the purpose of the growing movement against corporate greed, which has decimated the middle class, exploiting home owners, pensioners, college students, and millions of people unemployed by the crooked, corrupt actions of Wall Street bankers and corporations!
Romney is really the exemplar of the GILDED AGE mentality, and Barack Obama is the PROGRESSIVE ERA, NEW DEAL and GREAT SOCIETY representative, and despite many who think that the Tea Party Movement, which wishes to take us back to the 19th century, is growing, in actual fact, the “Occupy Wall Street” movement could very well be the challenger to that reactionary group!
It could be the beginning of a new reform movement determined to take back the nation for the middle and lower classes, and out of the hands of the rich and powerful who have been exploiting us since the 1980s!
So utilizing what could be called the “Romney Rule” against Romney or any other Republican in the Presidential race of 2012, could be very effective as a political weapon!