Sharing the Wealth

Have you heard about the 14 year old tape of Barrack Obama favoring redistribution of wealth in this country?  It was supposed to be an attack add in favor of  Romney.  What does Romney favor?  He says he will create 12 million new jobs if elected president.  He also has said that he wants every American to have a good job.  By a good job it is reasonable to believe he is speaking about good-paying jobs.  And by good-paying jobs one can reason that he means higher than minimum wage jobs.  In fact, is it not reasonable to conclude that Romney wants all working Americans to have jobs that would allow them to join the middle class?  I'm not a mathematician but it seems to me that the amount of money needed to employ 12 million unemployed workers plus raise the wages of the underemployed/underpaid classes would require at least several billions of dollars.  From where does Romney think all those billions are going to come?  It can't come from the low or impoverished classes.  If Romney keeps his promise to shrink the size of the federal government and the federal budget and not raise taxes, those billions of dollars are not going to come from the government.  The middle class is probably not going to be willing to donate the money to create all those jobs.  That leaves the wealthiest Americans, the only remaining source of that much wealth in this country.  Practically speaking, Romney will have to depend on the wealthiest corporations, banks, and individuals to redistribute a portion of their wealth so that the unemployed and underemployed workers of this country can join the middle class.  So it would seem that Romney is, in fact, in favor of redistribution of wealth in this country.

It is hopefully clear that the President of the U.S. does not have a magic wand that can be waved in order to create jobs.  If he did, President Obama would have already waved it.  Nor does the President have the power to force big banks, corporations, and the wealthiest Americans to cooperate in creating any number of new jobs.  If Romney has known a secret formula for doing so, why has he been guarding it like a precious secret rather than sharing his secret for the good of the country?