More good news – Rove injured the golden goose, and killed his reputation
Ignoring the ground game in favor of burning $390 million on TV ads may not have exhausted the resources of wingnut fat cats, but it has ruined the reputation of alleged genius, Karl Rove.
BOSTON -– Republican Party leaders on Wednesday began picking up the pieces of their movement, trying to figure how to put them back together. (snip)
Many of the lightning bolts were aimed at none other than Karl Rove, the former Bush administration political genius who oversaw the deployment of nearly $400 million in campaign spending through outside groups American Crossroads and Crossroads GPS toward the presidential race and toward numerous Senate and House races.
“The billionaire donors I hear are livid,” one Republican operative told The Huffington Post. “There is some holy hell to pay. Karl Rove has a lot of explaining to do … I don’t know how you tell your donors that we spent $390 million and got nothing.”
It looks like the money I gave to DSCC was spent rather well. No complaints here.
And Rove looked like a fool on TV on election night. Was he really that clueless?
That’s a reason right there to not give him another dime.
And the best news is that now that the uber-wealthy has abandoned Obama, he can return the favor with impunity. Instead of raising the marginal tax rate, Obama should simply insist on treating ALL income as regular income. Romney would suddenly be paying 30%, not 14%.
“It looks like the money I gave to DSCC was spent rather well. ”
Let’s revisit this after the grand deals have been done.
” treating ALL income as regular income. ”
Dividends yes, which we will get if the Bush tax cuts expire. Also, carried interest should be treated as regular income (which was 30% of Mitt Romney’s income). But there is still a case for preferential tax treatment of long-term capital gains, although 15% is too low. 25% would be good, which is where it was for most of the 1990s. There needs to be a stronger incentive to re-invest than to skim cash out of the company.
@LE,
Exactly. A flat tax could even work if we would stop categorizing income. A dollar made, regardless of how it is made should be income. Taxing wages at a higher rate than other income (investment income for instance) means that those who punch a clock pay a higher rate because the bulk of their income comes from wages versus the Romneys of the nation, who get the bulk of their income from investments. The only fair way to tax is to treat all income the same, regardless of source.
Rove pocketed $27 million by duping those wingut billionaires. And that’s a conservative estimate based on him skimming a mere 7% in fees and commissions. He probably pocketed closer to double that figure.
Ole “Turd Blossom” did very well for himself. Do ya think he’ll fade away into some gated community in Texas? It’s good to know that he fleeced the folks who fed him.
My money went to Elizabeth Warren and not only did she win but I got a T shirt. My other check went to that crazy guy who I enjoy we need a few more Dem’s like him and that was Allen Grayson. So unlike Turd Blossom my money was well spent.