A recent article by Jonathan Cohn in The New Republic entitled “Why Mitt’s Wealth Matters: It’s Policy, Not Envy” offers a meme that surely will be one line of Democrat attack against Mitt Romney should he happen to win the GOP nomination. Mr. Cohn’s article focuses on a speech that President Obama recently gave at the University of Michigan promoting his program for making college more affordable. What I found fascinating was Cohn’s argument echoing Obama’s not so subtle hint that because of Mitt Romney’s wealthy upbringing, and thus his never needing a student loan, he has no “standing,” for lack of a better term, to be targeting the student loan program for cuts as a part of his total package for reducing discretionary federal spending.
Says Cohn:
“Romney also benefited from the lottery of life – among other things, by being born into a family that could afford to provide him with the very best education at every step of the way. He seems unaware of that fact and the possibility that others, born into less fortunate circumstances, might need some of the government programs he’s promised to undermine.”
In other words, because of Romney’s wealth, he simply does not understand the needs of those who use government assistance. So what is Cohn’s argument, then? That only those who had a hardscrabble upbringing need apply for the presidency?
For a columnist who clearly is in the Democratic camp to offer such a notion is utter hypocrisy. In 2004, the “party of the little guy” offered up as their standard-bearer Senator John Kerry, who was at the time the richest man in Congress. Not only was Kerry fabulously wealthy (~$500+ million net worth), but he didn’t even earn it! He married it. Add to this Kerry’s coiffed and grinning side-kick John Edwards was a sleazy trial lawyer who amassed his own pile of tens of millions by bankrupting obstetricians using junk science, and you hardly have a representation of the 99%. So how come in 2004 the Democrats felt that immense wealth didn’t matter, yet now suddenly it is a legitimate issue? (more…)







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