Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Wednesday, July 18, 2012

The Tax Return Narrative

I've been reading Fallows and the New Yorker and the punditry.  They are all trying to figure out why Romney won't just take the hit and release his returns.

What could possibly be so damaging that it's worth making the secrecy the story?

Is Romney just a rich, privileged jerk who doesn't feel the proles should see his bidness?

Did Romney pay effectively 0% in taxes some years?

Did he make a fortune shorting the market in '08?

Does he have a ton of offshore accounts?

There can't be any doubt that these stories are killing Romney.  The story is entirely his finances and not the economy.  And it's also clear that Team Obama will define Romney as Ritchie Rich and then attack his tax plans as selfish (as opposed to fiscally foolish).

So why not release the returns?  Why can't Romney see the obvious?

Maybe... just maybe... Romney is a terrible politician?

Could that be it?

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