The US Presidential campaign, 2012, is winding up. It says a lot about how we, as people, make decisions.
The US presidential campaign comes to an end with an interesting revelation: the US people are being asked which of two liars they trust least – and to vote for the other one.
Lie One: the Romney campaign ran a series of television ads falsely alleging that Chrysler planned to close its Jeep production in the USA and move it to China (Chrysler which famously stays out of politics, or at least stays off the front line, felt obliged to issue a series of statements saying that Romney’s campaigning was false).
Lie Two: the Obama campaign has for months been telling voters that Romney’s tax plans are designed to aid the rich and pinch what Obama calls “the middle class.” In Obamaworld, there is no working class – it’s a phrase he (so far as I can tell) never utters. Obama has been banging on about USD5,000,000 million (which, in the hyperbolic world where numbers are debased to make them sound more exciting or scary, has been widely but linguistically inaccurately called 5 “trillion”) in tax cuts. It’s not true and today, according to the Wall Street Journal – not the paper of choice for those “middle class” voters Obama courts – says that Obama’s own campaign spokesman has admitted that they have been talking about only one side of the equation: the reduction in tax rates. They had ignored that the reduction was offset – to a degree of some 80% – by changes in the tax structure and a simplification of the allowances (deductions) plus the closing of a number of widely used tax shelters (for popular consumption termed “loopholes”). Therefore the actual reduction in tax take is USD1,000,000 million (a real billion i.e. one million to the power 2, hence “bi”)