David Axelrod was shredded this morning by Chris Wallace on Fox News Sunday. Wallace kept Axelrod on defense and off balance throughout. The major bloodletting occurred here:
Like his boss, Axelrod seems almost at a loss to respond once the talking points are challenged. But I imagined his invitation to choose “between economy that produces a growing middle class and gives people a chance to get ahead and their kids a chance to get ahead and an economy that continues down the road we are on, and everybody else is running faster and faster just to keep pace,” might just become a Mitt Romney campaign ad. Obviously, the only thing left to do is to scare people that unless we re-elect President Obama we’ll be going back to the bad old days of President George W. Bush.
There was plenty more that Axelrod said that was downright wrong or misleading. He “accuses” Romney of wanting to the rich to pay at a lower tax rate; what he doesn’t say is both Romney and the Simpson-Bowles plan also take away deductions and credits so the rich won’t be paying less taxes relative to the rest of the population.
He uses the president’s favorite straw man: “No one can argue that it makes sense that people who are making a million dollars a year or more to pay less than the average middle class worker in this country.” And no one is. In fact the top 10% of earners have been paying roughly 70 percent of the taxes. The bottom 50 percent pay about 3 percent of the tax load.
But let’s take a step back. Where in this is a plan to accelerate growth and job creation? How does creating a sort of new minimum tax for 4,000 taxpayers assist in the recovery? Maybe that is why Obama and Axelrod spend so much time on gimmicks and phony “fairness” arguments. They haven't got a clue how to create an economic environment in which investors, employers and consumer will all benefit.