Gifts???

Mitt Romney, in a conference call, claimed the reason he lost the election was because Obama gave incentives and gifts to African Americans and Latinos.  He claimed he was unable to overcome the effects of Obama’s gifts.  Exit polls showed that many voters did not vote for Romney because he failed to be specific about how he was going to speed up recovery.  Others told exit polls they did not believe his tax plan would actually reduce the deficit.  Speaking of tax plans, one has to wonder if Romney considers promising a 20% tax reduction is the sort of gift he refers to in his lame excuse for losing. If so, he should have noticed those in the lowest tax bracket would save $20.00 per $10,000 of AGI while he and other millionaires in the top tax bracket would save $79.50 per $10,000 of AGI.   Speaking of gifts, one also has to wonder whether Americans consider paying 14% income tax on $22 million dollars of income is not some sort of gift from the government or whether is was another gift that allowed him to amass $100 million dollars in an IRA account where the maximum contribution is $2500 a year for most Americans.  In the year 2011, the total losses of tax revenue from deductions, loopholes, and exemptions was$1,147,780 million dollars ( a trillion for those with math problems) and it is very doubtful if many African Americans or Latinos were recipients of these “gifts” thus voting for Obama.  The gift Romney should have referred to is the gift he gave Obama by staffing his campaign with incompetents.  Romney also gave Obama the gift of being an ineffective campaigner, himself, as well. The lies he told over the course of the campaign, his choice of Paul Ryan as a running mate, the “job creating"  history of Bain Capital, and the term as governor in Massachusetts all demonstrated his lack of presidential chops. Finally, in an election that any competent Republican politician (an oxymoron for sure) should have won in a landslide, Romney managed to lose by 332 electoral vote to 206 electoral votes, a margin of 63% to 37% or 26 points.  Assuming Romney would have governed in a manner similar to the way he campaigned, his loss was Romney’s gift to the American people.