Quote of the Day

“Most lobbying is probusiness, in the sense that it promotes the interest of existing businesses, not promarket in the sense of fostering truly free and open competition.”  Italics in original.

Luigi Zingales, economist at the University of Chicago, quoted in “The Self-Destruction of the 1 Percent,” Chrystia Freeland, NYT


No Distortion Too Blatantly False

Mitt and the GOP are showing that no lie is too contemptible for them to spread.

President Obama recently talked about how business owners benefit from infrastructure, like the roads that allow their customers to drive to them, or the Internet that allows their customers to shop online.

Obama said, “If you’ve got a business, you didn’t build that.”  It is clear the President isn’t saying you didn’t build your business, he’s saying you didn’t build the infrastructure that supports it.  Watched or read in context, “that” references our infrastructure, not your business.

But what’s context to his desperate opponents, who are coming to the sad, slow recognition that their own candidate is fatally flawed?  From Fox News to conservative bloggers and pundits to Mittens himself, GOP/conservative land is pouncing on Obama to express their gleeful outrage that he’s anti-business and anti-capitalist, that he made a completely nonsensical statement that business owners don’t build their businesses.

Obama isn’t the one spouting nonsense.  That would be Mittens, arguing that he shouldn’t release more tax returns because Teresa Heinz Kerry didn’t release hers, arguing that he had nothing to do with Bain after February 1999, even though he was president, CEO, and sole owner.