Mitt Romney, the chosen Republican presidential candidate for 2012, has said many times in the last several weeks things that I would like to re-familiarize all of us with.
He’s said that there are 23 million (23,000,000) Americans “out-of-work” that would take a job if one was offered. He has also said that he has a “plan” to create 12 million (12,000,000) new jobs (I hope here in America, not in China) in his first 4 years if elected president. For the moment I’m wiling to take him at his word. Wouldn’t it be just grand if he could create those 12 million new jobs in his first 4 years as president? Even though we have never been provided with details about this 12 million new jobs plan of Romney’s, for now, let’s just presume he has a fool proof idea how to “Get’ er Done.”
Obama, on the other hand, has not boasted that he has a plan, real or even fictitious, to create that many new jobs in the next 4 years if re-elected. Let’s analyze this situation.
Mitt Romney was sent to the best schools and got his law degree. He became a business tycoon and ended up as a state governor and a multimillionaire. Now, how could someone like this who has been running for the presidency of the United States for six years, right near the end of the campaign, pass up a once-in-a lifetime and delicious opportunity to crush his opponent, Barack Obama? How could Romney resist, or fail to recognize the opportunity to make a fool of Obama and deliver the knockout punch? Does Romney have a penchant for self destruction or just not sufficient acumen for self actualization?
Here’s what I’m getting at. Point one, presuming that Romney is right that there are 23 million Americans who would take a job if one was available and presuming that Romney does, in fact, have a plan to create 12 million new jobs in his first four years as president, why would he be punishing his fellow out-of-work citizens by not disclosing the details of his plan right now? So what if Obama even steals his plan late in the game and implements it to accelerate job growth which we so desperately need? It will still go down as Romney’s great plan that saved the country. If he really loves his country, the patriotic thing to do is for Romney to tell us about this plan now rather than waiting for even the next few days or worse yet, until after he might be sworn in on January 20th. What is the excuse for holding back? Is there some moral lesson I haven’t yet learned that could justify his not disclosing details about his 12 million job creation plan right now? What am I missing?
My second, yet related point about our unemployment catastrophe has to do with the corporate cash “sitting on the sidelines.” I’ve heard estimates that somewhere between 2 and 3 trillion dollars in cash are held by our big American corporations, cash not being used for anything they care to disclose, particularly not new job creation.
There’s a big difference between 2 and 3 trillion of anything but I’ve not heard even one ultra conservative pundit cast doubt on the figure of 2 trillion dollars in cash held by our big corporations. So, I’m willing to go with the low end of the estimate – 2 trillion dollars.
Ok, here’s is a math problem that any of our better American 8th grade students should be able to solve easily and reliably. Let the calculation begin.
If just 1 trillion of those corporate dollars sitting on the sidelines was put to good use, that is, half of the corporate war-chest of $2 trillion, that still leaves those big corporations with $1 trillion to have fun with. What would be a one-year average wage of all 23 million workers Romney says are out of work that would take a job if available if we just divided that 23 million workers into half of the cash our American corporations have sitting on the sidelines?
Well, 23 million divided into $1 trillion comes out to an annual salary of $43,478.26 for each of those 23 million workers! How many of you out there are making $43 thousand per year? How many of you out there that are making less than $43 thousand per year are planning to vote for Romney? How many of you out there that are making less than $43,000 per year think that if you put up enough yard signs and attach enough bumper stickers for the Romney/Ryan ticket, then vote for them, they, if they win, will send you a personal invitation to sit and dine with them at the head table? How many of you understand that Romney is one of those in that corporate group that is sitting on that $2 trillion? How many of you think that Romney gives a hoot about you? Do you think you have anything in common with him or that he’s like you in any way whatsoever?
I am baffled. How did a self destructive mass delusion so successfully overwhelm the good sense of almost half our voters such that a soulless individual like Mitt Romney was ever considered acceptable enough to be placed on the ticket for the presidency of my United States?