Barack Obama's campaign has send a letter to the Romney campaign, offering a deal: Release five years of tax returns and we won't bring up the topic ever again, no matter what kind of muck shows up in those document.
Of course, whoever came up with this "reasonable" offer is a man of great wit. Five years? Hm. That brings us back to the 2008-2009 period, which would reveal whether Romney really did make use of that amnesty. Now that Romney has gone on record as saying that he paid at least 13 percent in taxes, there will be hell to pay if the documents show otherwise.
I think he went for the amnesty. The 13 percent he (maybe) paid in previous years was only for the income that showed
, not the income he hid
I think Team Obama knows what may lurk in those tax returns. Why else would they specify five
years -- not six, not four?
"Given the challenges that America faces – 23 million people out of work, Iran about to become nuclear, 1 out of 6 Americans in poverty – the fascination with taxes I paid I find to be very small-minded compared to the broad issues that we face," Romney said in South Carolina.
Iran is not about to go nuclear. (Not that it would be any of our business if Iran did
build a bomb.)
Nobody in his right mind believes that Romney is going to institute a program that will put people to work or lift them out of poverty -- after all, the previous Republican created this Depression.
True, Obama has not been much of a Democrat. His stim package was largely a matter of tax cuts, which don't work. On the other hand, if the talk is true -- if Krugman, or someone like unto Krugman, stands a chance of getting Geithner's gig in the second term -- then I'll forgive much.
Of this much I'm certain: Obama doesn't want a war with Iran. It is clear that Romney longs to attack.
If he does, that will be that
as far as the American economy is concerned. The planned Iran debacle will be much more expensive than was the $3 trillion Iraq debacle.