I understand how the economy works...

As bad as he says things are, Mitt seems to have done pretty well under Obama's socialist economic policies.

A few points on this. Seems to me that this is tricky territory for the Mittster. At the very least, he's the embodiment of how the system is rigged for the super powerful. If you can make $21 million without a job in a down economy, you probably have a lot advantages the rest of us don't. Then there's the simple issue that his portfolio grew a lot during a time when he claims our nation's economic policies are so oppressive. I can't wait to see how he did when things were going well....

Ultimately, it seems that all this will put a different spin on his oft-repeated statement: "I understand how the economy works." It seems clear that he really does, and when this is all over, I think think the rest of us will better understand it too.

You're not playing by our rules....

I generally like Chuck Todd, but I think this is an example of the inside-out view that the gatekeepers of political discourse have.

After the success of the internet blackout in stopping SOPA, it should be clear to Todd and others that protest in the era of corporate media is going to be unorthodox and uncomfortable - that's the only way it can ultimately work. The media can too easily marginalize traditional protests, so what Colbert is doing is a creative way of showing exactly how screwed up things are.

Reaping what you sow...

This pretty much sums up my feeling about Newt's open marriage...

I told you so...

Never like to say it, and maybe it happened quicker than I thought, but, umm, I told you so

Actually, I think the story has only partially come out, and I think my estimate of his tax rate (14%) may actually be high. People will not be happy to see that, in all likelihood, much of the Mittster's income has been sheltered in off shore accounts. He will have to answer why he doesn't think the US economy is worth investing in.

Mitt's own tax plan calls for a top rate of 35%. Mitt will have to ultimately answer why he should be able to keep 85 cents of every dollar he makes when many of the rest of us only get to keep 65 cents. In a nutshell, those kinds of policies go a long way to explain why the rich get richer and the rest remain stagnant.

Mr. 1%

This

will ultimately be pretty bad for Mitt. The Bain story is very real, and it will inevitably lead to questions about how much this controversial company is paying him. This will in turn fuel calls for him to release his tax returns, which he will ultimately have to do. Given that his Bain earnings are not taxed as income bit capital gains, and that his faith requires him to donate 10% of his income to the church, his tax rate is likely 14% or so. That will and should outrage people.