A Winning Strategy for Romney
NEW YORK (TheStreet) -- With the Republican nomination virtually wrapped up, polls indicate voters are inclined to give Mitt Romney a serious second look.
No wonder. The economy is in a sorry state -- young graduates without hope for a decent first job, older Americans without hope for a dignified retirement, and too many folks in between hopelessly stuck in jobs with shrinking paychecks.
Yet, despite a general feeling among voters that the country is headed in the wrong direction, the president leads in the polls, especially among women. Simply, Romney has not convinced enough voters he can do better -- at least not yet.
Merely offering stock Republican remedies -- lower taxes and deregulation -- is all-too remindful of George W. Bush, who, through irresponsible spending and neglect of Wall Street shenanigans, nearly wrecked the American economy for good.
Romney must beat Barack Obama at his own rhetorical grounds -- fairness and hope -- or the president gets four more years.
Obama presides over an abusively unfair tax system. More than 40% don't pay any income taxes -- mostly folks in the lower half and among the truly wealthy who don't have much wage income but have lots of tax sheltered investments. Yet many middle class Americans -- who work 60 hour weeks -- fork over 30, 40 or closer to 50% to Uncle Sam, and that kills incentives to invest and take risks among entrepreneurs.
It's only fair that everyone pay something and that upper income folks pay more. Romney has to explain how he is going to accomplish that and still incentivize entrepreneurs to create jobs, while ensuring the likes of Warren Buffet pay up and not just pontificate -- remember Buffet does not have to avail himself of all the shelters, special breaks and loopholes he holds in such pious disdain.
That's tough for Romney who has taken particular advantage of the tax code's many arcane provisions, but everyone loves a repentant sinner. As long as Romney explains how his program will tax his fortune at rates Obama reserves for mere mortals, and what he proposes will really create jobs, America -- the lefties in academia and the media notwithstanding -- will forgive his transgressions and hop on board.
A better future for our children requires an America that can compete, and America can't choose what it is capable of doing well. Nature, culture and globalization provide the mandates.
Like it or not, America is an energy rich and technologically innovative nation -- like it or not, developing resources and manufacturing are where the next president must take America -- even if Ivy League academics think we should all be poets and hedge-fund managers with guaranteed access to mental health professionals.