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Sunday, July 22, 2012

Yes, Mitt, the rules apply to you as well | Opinion | Paul Krugman

Mitt Romney's success does not entitle him to deferential treatment, writes Paul Krugman


What a quotable column by distinguished economist and New York Times columnist Paul Krugman!
Not only do many of the superrich feel deeply aggrieved at the notion that anyone in their class might face criticism, they also insist that their perception that Obama doesn't like them is at the root of our economic problems. Businesses aren't investing, they say, because business leaders don't feel valued. Romney repeated this line, too, arguing that because the president attacks success "we have less success."
This, too, is crazy (and it's disturbing that Romney appears to share this delusional view about what ails our economy). ...
Because the rich are different from you and me, many of them are incredibly self-centered. They don't even see how funny it is — how ridiculous they look — when they attribute the weakness of a $15 trillion economy to their own hurt feelings. After all, who's going to tell them? They're safely ensconced in a bubble of deference and flattery.
Unless, that is, they run for public office. ...
Clearly, Romney believed that he could run for president while remaining safe inside the plutocratic bubble and is both shocked and angry at the discovery that the rules that apply to others also apply to people like him. ...
OK, let's take a deep breath. ... There are plenty of very rich Americans who have a sense of perspective, who take pride in their achievements without believing that their success entitles them to live by different rules.
But Mitt Romney, it seems, isn't one of those people. ...
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