Ask an expert: Obama, Romney and the economy

MSN Money's Anthony Mirhaydari discusses the presidential race and offers some investment advice.

By MSN Money Partner Oct 1, 2012 12:42PM
With the presidential race shifting into high gear, MSN Money columnist Anthony Mirhaydari explains in the following video how Republican candidate Mitt Romney's recent 47% comment hit a nerve on both sides of the political aisle.

To fix the economic problems the candidates refer to, Mirhaydari suggests structural changes, specifically labor market reforms. He also offers some investment advice.

5Comments
Oct 1, 2012 2:50PM
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The way this "expert" explains the reaction on the left is absolutely lame.  Is this why he thinks the folks on the left bristle over the comment?  The real reason they take umbrage is that this 47% of leeches that Romney is trashing are soldiers, students, retired folks, and workers who don't make enough to need to pay federal income taxes.  The main reason they don't have to pay taxes is because of the three Republican-led tax breaks (1 under Ronnie and 2 under W.) which increased the minimum amount of earning required to pay federal income tax.  So Romney is whining about a situation his own party created!  The irony of all ironies is that even though these people don't pay federal income tax, they pay payroll, state, and local taxes that add up to a HIGHER rate than the 13.2 percent Romney paid on his own 42 million dollar income!!  So, if there are leeches in our society, they are wearing Armani suits and running for president.  
Oct 1, 2012 5:04PM
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yeah, but only 47% of the population doesn't like him, while 47% of the population does like him and 6% of the population might decide they can tolerate him.

 

more significantly, there is ONE PERCENT OF THE POPULATION who thinks he is a god! 

Oct 1, 2012 5:21PM
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anthony - how obtuse and/or disingenuous can you be???  you mention that the top 20% of America now pays 70% of the taxes like that is somehow a bad thing???  would you rather be in the 47% with ZERO disposable income or in the top 20% paying lots of tax while driving a lexus and with millions in the bank?

 

and then you make no mention of the astounding wealth inequality shift that has occurred in recent decades where now the top 400 PEOPLE in America have more net worth (wealth) than the bottom half - OVER 154,000,000 PEOPLE COMBINED????  

 

wow - talk about sins of omission sir - either your pants are on fire or your brain is fried  ....

Oct 1, 2012 5:11PM
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excellent post and analysis jj - and that is why the 'Bamster will get four more years (well that and the selection of Ayn Ryand for VP)

 

as an economist (one of my hats) i would only add that this entire discussion is ludicrous, laughable and misguided.  the 47% percent HAVE NO DISPOSABLE INCOME AND SPEND EVERYTHING ON CONSUMPTION (both currently and in retirement).  ALL OF THE THOSE PROFITS END UP WITH THE TOP 53% who own the businesses or the stocks.  whatever is paid out in entitlements ends up in their pockets!

 

so, like the famous bank robber said - why should we tax the rich???

 

BECAUSE THAT'S WHERE ALL THE MONEY IS !!!!!

Oct 1, 2012 3:07PM
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Romney's a draft and tax dodger who doesn't like anybody but himself.
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