Sunday, October 7, 2012

Not Rich Enough

Well, this is a new strategy:


Mitt Romney is worth $250 million. Why so little? 
By William D. Cohan, Published: October 5 
Mitt Romney is indisputably a very rich man. And if he is elected president on Nov. 6, he will become one of the wealthiest people ever to hold the office. 
But exactly how wealthy is Romney? The figure that gets tossed around is $250 million in net worth — meaning the total value of his assets, financial and others, minus any debts. 
It’s a big number, but frankly, it seems low. Given the industry in which he made his fortune (private equity), the era when he made it (the 1980s and 1990s) and the wealth of his peers in that business (mostly billionaires), Romney should be worth a good bit more than that. 
Why isn’t he?

So instead of hammering Romney for having too much money, he is now getting slammed for not having enough of it, the implication being either Romney is incompetent in the art of making money is hiding his total net worth.  Whatever it is, this take represents the strategy that Obama deployed in the first debate:  Keep throwing stuff at the wall until something sticks.

Articles like this should signal that the Left is in full-on-panic mode.

(h/t Mollie Hemingway)

UPDATE:

A Power Line reader has done a little digging on Mr. Cohan and found that he donated $3,000 to the Obama campaign.  Mr. Cohan of course made no reference to this in his "article," and the Washington Post didn't feel the need to say anything about it either.  This is what now passes as "independent" sources of news.

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