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Romney's slogan isn't working

As you might have heard, Romney's latest campaign slogan is 'Obama isn't working'. This appears to be both a reference to the famous 'Labour isn't Working' slogan created by the brothers Saatchi for the 1979 Conservative campaign in the UK, and a none-too-subtle dog whistle to remind voters of a common racist stereotype (i.e., the black man doesn't work).

The Saatchi slogan was also a double entendre. It pointed to the fact that UK unemployment had reached over a million under Labour, and the country had been crippled by strikes for months, the so-called 'winter of discontent'. It was a powerful slogan because it reminded voters of the two facts that were central to the Tory campaign.

While the Romney campaign is also attempting a double entendre, neither meaning is likely to resonate outside the Conservative base. Most voters remember that the recession started under the Bush administration (that didn't stop Romney from trying to blame President Obama for a factor that was closed under Bush). Claiming that Obama has not done enough to clean up the mess made by the last Republican President does not have quite the same punch as pointing to the collapse of British manufacturing under Labour.

There is also the fact that voters don't (at least not yet) seem to think Romney has any better economic expertise than Obama. A recent MSNBC poll found that there was essentially no difference between voters assessment of Romney and Obama on the economy. The Romney slogan might even backfire if people consider the Thatcher government as precedent: 18 months after the 1979 election, UK unemployment hit three million as the country's manufacturing base was destroyed and Britain became a net importer of manufactured goods for the first time since the industrial revolution.

The dog whistle aspect of the slogan might also backfire. Does it really make sense for a man who left business in 1999 and hasn't had a real job since 2007, because he's so rich he doesn't need to work, to accuse the President of being lazy?


Obama JOBS Act (now signed) appears "specifically written to encourage fraud in stock markets"

Matt Taibbi totally fails to put too fine a point on it. Read:
Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The "Jumpstart Our Business Startups Act" (in addition to being a viciously stupid and dishonest law, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market.

Actually, that's not putting things in strong enough language. In fact, one could say this law is not just a sweeping piece of deregulation that will have an increase in securities fraud as an accidental, ancillary consequence. No, this law actually appears to have been specifically written to encourage fraud in the stock markets.
As Taibbi notes, the law:

� Exempts start-ups from "independent accounting requirements for up to five years after they first begin selling shares"

(Pause; reread; consider, that's five years without independent accounting for start-ups; now go on.)

� Reverses rules that "prevent bank analysts from talking up a stock just to win business"

� Will let start-up executives give "pre-prospectus" presentations — yep, you read that right — for which "they will not be held liable for misrepresentations"

And contains other atrocities. Please, do read. Then weep. Then tell your children never to give good money to the stock market.

Why is this happening? you ask. Guess:



And in case you don't recognize yourself, sir, this is addressed to you, our Signer-in-Chief. I don't see Boehner's hand around that pen.

Side note — Voice-in-the-wilderness here, but what fool disabled embedding for all YouTube versions of the original Liza Minelli–Joel Grey performance? That film was made in 1972; what are you protecting? (Just thought I'd ask.)

GP

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