Contributors

Friday, September 21, 2012

Simply A Beautiful Site




It's a rare moment when you can find John Boehner, Nancy Pelosi, Laura Bush, Hillary Clinton, Harry Reid, and Mitch McConnell all sharing a stage in agreement on an issue.

But that's what the story of San Suu Kyi does for people. Her courage in the face of tyranny was truly extraordinary and it warms my heart to see her receive the Congressional Medal of Honor.

We certainly do have our differences in this country but seeing all these folks together in this photo gave me hope that we can work out our disagreements because we all cherish freedom and personal liberty.

Thursday, September 20, 2012

No Way

Of all the things there are to say about Mitt Romney, I simply can't believe this is true.

No fucking way.

Good News on Housing

I've got loads to talk about today so I'm going to put up a few brief posts.

You don't hear the words "Good News" and "Housing" very often together so it's nice to hear that US Homebuilders confidence is at a six year high. Builders also report seeing their highest sales levels since July of 2006.

That's great news, folks, because it means we are climbing up from the bottom.

The Redistribution Canard

As a response to Mitt Romney's 47 percent video, the Right has pointed to the video below as proof that Barack Obama is a communist.


Visit NBCNews.com for breaking news, world news, and news about the economy

Let's take note of a couple of things. First of all, this video is not newly discovered nor was it hidden. This was a public conference, not a private fundraising gathering.

More importantly, take note of how the last part of the clip about markets and innovation was conveniently left off of the version on YouTube. Taken in context, what he is saying isn't any different than what Bill Clinton was saying in 1998 as well.

I also don't think this is a gotcha! moment because the only people who are going to be pissed off about this are people that aren't going to vote for him anyway.

I guess what I don't understand about this video is the apoplectic reaction to the word "redistribution." Somehow it  means communism. Or fascism. Or socialism. Or anti-colonial Kenyanism. Pick one and I guess it's right for whatever day it is.

But there's nothing wrong with redistribution when you consider that every organization (public or private) redistributes wealth when you think about it. The NFL operates under a profit sharing model where teams like Green Bay (owned by the city of Green Bay, a public entity) share profits through redistribution of wealth from larger market teams like the New York Giants or the Chicago Bears. This begs the question...are the owners of the NFL communists?

When we pay our taxes, that money is redistributed to the various sectors in public life that need it. These would include defense, b to the w. I hardly think anyone will argue that a member of our armed services not paying federal taxes because he or is she is in a combat zone is taking advantage of wealth redistribution or a moocher off of the government.

Of course, this doesn't mean that wealth redistribution isn't going on nor does it mean that there are ill effects from it. It most certainly is going on and we can clearly see by the inequality in this country that it is being redistributed upwards, not downwards, and this is the fault of the federal government to a large degree.

Cleared

In what is sure to spark howls of derision and extra foamy mouth foaming, the Justice Department's inspector general released its report on Operation Fast and Furious.

The Justice Department’s inspector general on Wednesday issued a scathing critique of federal officials for their handling of the botched gun-trafficking case known as Operation Fast and Furious, but essentially exonerated Attorney General Eric H. Holder Jr., whom many Republicans have blamed for the scandal.

In a long-awaited report, the inspector general, Michael E. Horowitz, laid primary blame on what he portrayed as a dysfunctional and poorly supervised group of Arizona-based federal prosecutors and agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives, describing them as “permeated” by “a series of misguided strategies, tactics, errors in judgment and management failures” that allowed a risky strategy to continue despite the danger to public safety.

The report identified 14 people who should lose their jobs. Pretty much what I had thought all along.

The 471 page report is exhaustive and I would hope that those detractors of Eric Holder and the president would take the time to read through it before rendering further judgments.

Up In The Polls

President Obama seems to be holding on strong to his convention bounce. Take a look at some of these polls from Fox News in the swing states.

  • Ohio: Obama 49, Romney 42
  • Florida: Obama 49, Romney 44
  • Virginia: Obama 50, Romney 46

That's not the only good news for the Democrats. A recent slew of Senate polls show them up in several states which makes their chances for holding the Senate much better. 

Wednesday, September 19, 2012

On Stiglitz Part Three

Given Mitt Romney's recent comments, I think it's time to get back to Stiglitz. The next section in his book, The Price of Inequality, is called Markets and Inequality. His basic premise here is that even though market forces are real, every law, every regulation and every institutional arrangement has been made to benefit those at the top and to the disadvantage of the rest. Simply put, it is the government's fault! They create the problem by making rules that benefit the wealthy and then they do little to change the fall out.

He faults the government's reaction to the technology boom, for example, as being quite poor when one considers that education at that time should have been shored up in a sort of GI bill type of way. The steel industry, for example, now operates with a quarter of the workforce because of technological advances. What are the remaining three quarters supposed to do now that their services are no longer required? Train for a new profession. Of course, this isn't usually easy and it can be expensive.

That's where the issue of stagnant wages comes in. Stigiliz accurately points out that from 1949 to 1980, productivity and real hourly compensation rose together. After 1980, they began to drift apart. Why? Because the government began to make policies that benefited rent seekers at the top of our society. This is where these two premises
  • Taxing the top at higher rates reduces incentive
  • Helping the poor means more poverty because they then don't want to work
are inaccurate and no longer apply. Because of the large amount of inequality, people have less of incentive to work. They are essentially hopeless so why bother? Stiglitz asks, "How seriously would incentive be weakened if we had a little bit less inequality?" The problem here is that the Straw Man Machine gets to work and labels folks like me and Stiglitz as wanting no inequality. That's simply not true and no one is trying to do that.

Further, incentive pay for wealth execs isn't really that.

Under incentive compensation schemes, pay is supposed to increase with performance. What the bankers did was common practice: when there was a decline in measured performance according to the yardsticks that were supposed to be used to determine compensation, the compensation system changed. The effect was that, in practice, pay was high when performance was good, and pay was high when performance was bad. (Bebhuck and Fried, Pay Without Performance

In fact, they were so embarrassed by this that "performance bonuses" was changed to "retention bonuses." Executives were (and still are) allowed to set their own compensation schedules which has effectively separated pay from performance and misalign incentives, as Stigliz correctly notes.

Countries that have large financial sectors typically have greater inequality. Deregulation along with hidden and open government subsidies distort the economy and make it easier to move money from the bottom to the top. As Stiglitz notes, "We don't have to know precisely the fraction of inequality that should be attributed to the increased financialization of the economy to understand that a change in policy is needed." Indeed. The banks are simply too big right now and need to be broken up. I'm happy to see that many on both the right and the left are calling for this to happen.

recent report by the Congressional Research Service confirms much of the information above.

The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. 

However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to how the economic pie is sliced—lower top tax rates may be associated with greater income disparities.

I highly recommend reading the entire report. It is loaded down with data that supports Stiglitz's assertions.

The other big part of this chapter is a discussion on the free mobility of capital and the free mobility of labor. It is here where he and I part ways. He rightly criticizes the MNC's and financial institutions for some of the problems they have caused the Global South. However, he completely ignores the fact that the average age of mortality in Africa, for example, has doubled in the last fifty years and it's largely due to Global North investment and direct aid.

He seems to be calling for a return to trade restrictions and tariffs placed on imports that would, in turn, benefit labor in this country. I think that's a giant mistake. We have progressed for the last 70 years towards liberal and free markets. This was done to prevent world wars which were very costly in many ways (the biggest of which is human life). To go back after all the progress we have made in the Global South is very short sighted.

What we can do in the age of free mobility of capital is use that money to further educate our workforce and make the more competitive in the world. Labor around the world is very cheap right now and those without college degrees simply can't compete which is the main reason why we have a large number of people unemployed or underemployed. These people need to get college degrees and that's going to mean sacrifice by everyone...colleges, universities, professors, bankers, and many more of the very wealthy.

All of these people are going to have to step up to the plate, whether it is in the form of lower tuition, lower salaries for professors, higher taxes for the wealthy, or more private grants...A LOT MORE PRIVATE grants. Remember, the 1 percent can't enjoy their money without the support of a strong middle class.

With education, comes strength.


Tuesday, September 18, 2012

The Rumble Is a Fox Fumble

Jon Stewart and Bill O'Reilly are going to have a debate in October. They're calling it a rumble, but it looks like a Fox fumble.

The debate posits that Bill O'Reilly and Jon Stewart are intellectual equals. It admits that Fox's true competitor is not the 336 hours of weekly programming broadcast by MSNBC and CNN, but the one hour of Jon Stewart and Steven Colbert shown Monday through Thursday. Ultimately, it concedes the fact that Fox News is not a real news outlet, but is merely another entertainment outlet of the same caliber as the Comedy Channel.

Sadly, the same thing is true of the other cable news channels, MSNBC and CNN, and most local news broadcasts. But the truth is, if you want real news you don't watch television. There are quality news shows on TV (mostly on public television), but something about the commercial medium aimed at the broad public has in recent years diminished TV news to the level of tabloid journalism or worse.

The network evening news broadcasts used to be quality journalism, similar to what you get these days in public broadcasting, but now they're about puppies and grandchildren and only the elderly watch them (you only need to watch one commercial break to become acutely aware of that). Most everyone else gets their news and opinions from cable channel food-fights, right-wing talk radio, and Internet blogs. A few odd ducks like myself read newspapers and listen to public radio.

The common thread in the satire that Jon Stewart and the Daily Show have been doing for the last decade has been the devolution of news broadcasting to infotainment and propaganda factories. It's crazy, but the few million Americans who watch the "fake" news on the Daily Show are better informed than the several million who watch "real" news on Fox.

The reason is simple: the Daily Show is about satire and questioning authority, while Fox News is the official propaganda organ of the Republican Party, run by the former head of the RNC.

The core of this truth was revealed accidentally by Ann Coulter in a frustrated outburst of spite and venom during an appearance on Sean Hannity's show last month. (This was brought to my attention by the Daily Show, of course.) Coulter was tearing into Andrea Saul, a Romney spokeswoman who was responding to an attack ad about a steelworker fired by Bain:
Her response was not that it was despicable, not that Bain… that Romney had left Bain five years earlier or the woman died five years after the plant closed and didn’t even get her insurance from her husband, her response was, ‘Well, if she had lived in Massachusetts with Mitt Romney’s health care plan, she would have had health insurance.’ Anyone who donates to Mitt Romney, and I mean the big donors, ought to say if Andrea Saul isn’t fired and off the campaign tomorrow, they are not giving another dime, because it is not worth fighting for this man if this is the kind of spokesman he has… 
There’s no point in you doing your show, there’s no point in going to the convention and pushing for this man if he’s employing morons like this. This ad is the turning point and she has nearly snatched victory from the jaws of defeat! She should be off the campaign.
Yes, Ann Coulter is telling us that the entire purpose of Hannity's show is to push Republican candidates for office and that the people who really control Romney's campaign are the "big donors."

Mittie the Moocher?

So, Mitt Romney believes that half the people in the country are lazy worthless unmotivated scum who will never vote for him. Exactly where do those people live? Mostly in states that are solidly Republican.

According to a story in the Washington Post, Romney will probably get 95 electoral votes from moocher states and Obama will only get 5.


As the original article points out:
According to the latest IRS figures for 2008, a record 52 million filers—36 percent of the 143 million who filed a tax return—had no tax liability because their credits and deductions reduced their liability to zero. Indeed, tax credits such as the child tax credit and earned income tax credit have become so generous that a family of four earning up to about $52,000 can expect to have their income tax liability erased entirely.
So, according to Mitt, the biggest moochers in this country are people with lots of kids. That is, Mormons and Catholics he's hoping will vote for him.

No wonder he's not being specific about what he'll cut to make up for those gigantic tax cuts for the rich.

A Complete Ignorance of Facts

Well, Mitt Romney has really stepped in it now. Take a look at this video.



There are many levels in which his statement is completely wrong.

The 47 percent of which he speaks (it's actually 46.4 percent) has to be examined more closely. Of those 46.4 percent, 28.3 percent pay a payroll tax while 18.1 percent pay no payroll tax. This remaining 18.1 percent does pay other taxes (sales tax, state tax, city and local taxes) so to intimate that they aren't paying taxes and are freeloading/dependent is ridiculous.

It's also important to note here that the majority in the 18.1 percent are on EITC are on it for less than two years. This is not a permanent situation for these people as many of them are working. In fact, Mitt here (along with the many others on the Right) are under the mistaken impression that people on government assistance aren't working. Most are. In fact, the working poor rate (calculated through 2010) is at its highest since 1987.

It's also very dishonest to place so much emphasis on poor people which brings me to a recent conversation at the gym with a very wealthy (and very conservative) acquaintance of mine. He owns a manufacturing concern in Minnesota that supplies equipment for people with disabilities. He corners me constantly to yell about Obama and how he is __________ (you can fill in whatever you like here). Yet a few simple questions put to him reveal that he himself is a massive rent seeker who pays very little in the way of income tax or corporate tax due to the amount of money he makes and the nature of his business (obviously, heavily subsidized by the government).

Ironically, he is part of the 47 percent of which Mitt speaks! He made $2, 178, 866 in 2011 so he paid no federal income taxes. And he's certainly not going to vote for the president. In looking at who else comprises Mitt's 47 percent, we see the other main reasons why Mitt's comment is completely wrong (and, politically, very dangerous for him).

Many of these dependents are elderly who worked their whole lives (paying into Social Security and Medicare) and are now collecting their benefits. In addition to not being freeloaders, many of them are going to vote for Mitt Romney. At least they were:)

Many of the very poor in Mitt's 47 percent hail from red states.Of the 10 states with the highest percentage of people who pay no income tax, eight are solid red states. In fact, blue states like Connecticut, Vermont, Maryland, Massechussits, and my home state of Minnesota that are on the bottom of the list have taxpayers that are essentially paying for those folks in red states. That's OK with us, though, we don't have a problem with social welfare programs:) Here's that study from the Times again that backs this up.

Are the people in these eight red states going to vote for the President? Some will, obviously, but some won't because of abortion or other faith issues. Again, I wonder how many of these folks will change their vote based on this comment.

One can also look at government employees, soldiers, veterans, people who have gotten Small Business Administration loans, people who work for government contractors or companies the government bailed out (like banks and GM) are at least somewhat dependent on government. GE paid no taxes in 2010. Are they part of the 47 percent? How about defense contractors? How about oil? They get subsidies and are obviously dependent on the government for increase profit yet no one complains about them. Nope, it's just the poor people who are all lazy, don't work and sit around playing Xbox and eating Cheetos all day long.

Now, ol' Mittens was obviously trying to convince some fairly deep pocketed folks that he can win so maybe we should give him a break.  After all, he was telling them what they wanted to hear. No one really knows if he believes what he is saying but what he is saying is a complete a total myth. There are not 47 percent of Americans who pay no income tax and those 47 percent are not all going to vote for Barack Obama.

To me, the larger discussion is much more interesting. In breaking apart this myth, we can clearly see the integral role that government plays in our society. Those who want to lessen the role of it seem to completely ignore the clear benefits that it provides, not only in their lives but the lives of millions of Americans. The practical application of such an exercise (shrinking government) seems much more unrealistic given the facts listed above.

Simply put, our economy is bigger than it was at its founding so our government has to be big as well. There's nothing wrong with this and it's certainly not communism, fascism or socialism. It's what we have always done and done very well, given the challenges.

Welfare capitalism.

Monday, September 17, 2012

Uh Oh


Sunday, September 16, 2012

What Are They Going To Think About This?

Nearly everyone thought that Mitt Romney's religion was not going to be an issue. But then he went and defended the "values" of the people who made the trailer for a film that may not even have been completed which set the Middle East in an uproar and now he might be screwed.

Remember, that we originally thought the film was produced by an Israeli named Sam Bacile but then the Israeli Foreign Ministry said no person exists. Now we find out that the film was made by a Coptic Christian named Nakoula Basseley Nakoula who has been convicted of fraud and drug distribution. His spokesman is a guy named Steven Klein who founded Courageous Christians United, which holds protests outside abortion clinics but also outside Mormon temples.

When asked whether he had any regrets about participating in a film that led to the death of an American ambassador, Klein replied: "Do I have blood on my hands? No. Did I kill this guy? No. Do I feel guilty that these people were incited? Guess what? I didn't incite them. They're pre-incited, they're pre-programmed to do this."

Check out their page for their views on Mormonism. Here are a few sample questions from their table.

Question: Did Christ die for all sins? Mormonism: Christ did not die for all sins. Christianity: Christ did die for all sins

Question: Baptism for the dead? Mormonism: Baptism for the dead is required. Christianity: Baptism for the dead is not required

Question: Are there other Gods? Mormonism: There are many Gods for worlds and each God is equal to the God of this world. Christianity: There is only one God for all worlds

Question: Can humans become Gods for other worlds as God is God for this world? Mormonism: Humans may become Gods for other worlds as God is God for this world. Christianity: Humans cannot become Gods for other worlds as God is God for all worlds

Question: Does God need a wife to become God? Mormonism: God needs a wife to become God Christianity: God does not need a wife to become God.

None of this bothers me as people can think and believe whatever they want to believe. But I have to wonder how the majority of conservative Americans would feel about this stuff if they knew it. After all, they are the one who think the Barack Obama is in some sort of kooky religion.

What would they think about this?


Saturday, September 15, 2012

Nice

Get used to seeing more of this..


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Friday, September 14, 2012

Irate Republicans and Muslims: Not So Different after All

These days Mitt Romney and the Republican spin machine are sanctimoniously defending the right of some idiot to make a slanderous film about Mohammed, a film that ultimately cost the lives of four American diplomats and has launched attacks against American and other western embassies across the Middle East.

And most every conservative complaining about the attacks goes out of their way to mention that these protesters are also burning the American flag!, an act which seems to anger them even more than the killing of Americans.

But for decades Republicans have been fighting to amend the constitution to ban flag "desecration," using it as a hammer against Democrats. The House and Senate have voted on such an amendment numerous times in the last 20 years, the most recent of which failed by only one vote in the Senate in 2006.

Conservative outrage against flag burning is every bit as primitive and wrong-headed as Muslim rage against America for a video that an expatriate Egyptian Copt is apparently responsible for creating.

Why are people so completely unhinged by satire or criticism of religious figures like Joe Smith, L. Ron Hubbard, Mohammed, Christ and God? Are the egos of these supposedly supreme and immortal beings really that fragile? How could the creator of the entire universe be harmed by a mere mortal taking His name in vain? How could God's one true Prophet be diminished in any way by some dork with a video camera?

How can the institutions of United States, our Constitution and our way of life possibly be threatened by some moron burning a flag in the streets of Cairo or Benghazi, or even Washington or New York? And how can you possibly call it flag "desecration" when the American flag is not the sacred symbol of a religion, but the physical banner of a temporal government? A banner that we plaster liberally on cakes, cars, towels, t-shirts, sweatshirts, and even underwear?

Every time the nitwits at Fox News rail about the "War on Christmas" they prove that they are just as intolerant, socially stunted and civically underdeveloped as they view the protesters around the American embassies in the Middle East.

The Question No One Is Asking

The question no one seems to be asking Mitt Romney is this: what are the values the president is "apologizing" for? Values that directly contradict respecting someone else's freedom to worship as they choose without fear of punishment? Values of a man who has been convicted of fraud and selling drugs? Values of mouth foaming bigotry?

These values that I mention are the ones inherent in the maker of the anti-Islamic video that started all the problems we have right now at embassies in the Middle East. This is what Mitt Romney is defending? I don't get it.

In addition, Mitt Romney seems to be living in some sort of time warp, as eloquently explained by Andy over at electoral-vote.com.

What Obama didn't say is that Romney's model of the world no longer holds. In the past, wars and attacks were governmental affairs. Country A invaded country B and then country B could send its army or air force to wreak havoc with country A. But like so many other government functions, in parts of the world, war has largely been turned over to the private sector. Al Qaeda, other terrorist groups, and jihadists who killed the American ambassador to Libya, J. Christopher Stevens, are all private sector organizations, not government ones. As a result, you can't just bomb them because you can't find them. 

Mr. Romney lives in either 1958 or 1985. I can't tell which, to be honest.  He has very little understanding of what the world is like today and, so naturally, it must be (cue Made Up World) the president that really doesn't understand. Yeah, that's it...

I get why Governor Romney is saying what he is saying. His guys are telling him the only way he can win now is to go hard right and get out the base. They loathe the president to the core and will believe anything that is said about him. The bigger the lie, the more they believe.

It makes me sad because I wish we would have had a country where this would have happened after this horrible tragedy.

"Imagine if Romney had called President Obama, asked how he could be of assistance in this time of crisis, offered to appear at his side at a press conference to demonstrate that, when American lives are at risk, politics stop at the water's edge." Romney would have appeared presidential and Obama's equal at a joint press conference. Instead, he appears to be trying to profit from a tragedy. 

Wishful thinking, I know. But that's what you get when you have to deal with juveniles. 

Thursday, September 13, 2012

The Apology Canard Again

Yesterday, Mitt Romney illustrated once and for all that he is completely incapable of handling the foreign policy of this nation.

He accused the president of giving sympathy to the protesters in both Libya and Egypt. His basis for this was a memo sent out by the US consulate in Cairo BEFORE the protesters showed up. I thought he might soften his stance a little after US Ambassador to Libya Christopher Stevens was killed but, instead, he doubled down, falling back on the "Obama is always apologizing" meme.

I don't get it. It's enormously frustrating to discuss this because it's so far from the truth that I don't know whether to laugh or cry. Honestly, I'd like to do both because what Romney said was in such poor taste given four people had just been killed. Couple this with the omission, from his acceptance speech in Tampa, of the word "Afghanistan" or any sort of salute to the troops and it's very clear that he has no clue whatsoever in the international political realm.

The president's words and actions, however, demonstrate that he does know what he is doing and has certainly never apologized for this country. His entire life, for crying out loud, is a testament to American exceptionalism. In fact, it's exactly what the GOP want people to be like...come from nothing, work hard, pull yourself up by your bootstraps, and make a lot of money.

To show how ridiculous this accusation is, take a look at this, reprinted in its entirety here from the New Yorker.

4/4/09: Barack Obama: I believe in American exceptionalism, just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism. I’m enormously proud of my country and its role and history in the world.

8/20/10: Mike Huckabee: His worldview is dramatically different than any president, Republican or Democrat, we’ve had … To deny American exceptionalism is in ­essence to deny the heart and soul of this nation.

9/20/11: Obama: Michelle and I, we’re only here because somebody passed on this incredible notion, this exceptional American idea that it doesn’t matter where you come from, it doesn’t matter who you’re born.to.

10/8/11: Rick Perry: Those in the White House today don’t believe—they don’t believe in American exceptionalism. 1

1/12/11: Mitt Romney: We have a president right now who thinks America’s just ­another nation. America is an exceptional nation.

11/30/11: Obama: America is great not just because we’re powerful, but also because we have a set of values that the world ­admires … We don’t just think about what’s good for us, but we’re also thinking about what’s good for the world … That’s what makes us exceptional.

1/26/12: Newt Gingrich: If you are for ­American exceptionalism, you’re us. If you’re for European socialism and Saul Alinsky radicalism, you’re with Barack Obama.

3/8/12: Sarah Palin: Our president is not in this to unify America and to solidify our place as the exceptional nation in the world. He is trying to divide us.

3/31/12: Romney: Our president doesn’t have the same feelings about American ­exceptionalism that we do. 

4/2/12: Obama: My entire career has been a testimony to American exceptionalism.

4/30/12: John Sununu: It goes with ego. The man doesn’t understand that other ­presidents have made equally difficult decisions … He’s trying to make himself exceptional. Lou Dobbs: In embracing, if you will, ­American exceptionalism. Sununu: That is exactly right. That’s the last and only place he acknowledges it. 

5/23/12: Obama: The United States has been, and will always be, the one indispensable nation in world affairs. It’s one of the many examples of why America is exceptional.

5/27/12: John McCain: This has to do with a foreign policy led by a president who does not believe in American exceptionalism.

6/7/12: Obama: There are a set of values that make this country extraordinary, that make this country exceptional.

6/26/12: Condoleezza Rice: I’m pretty certain I don’t see that same level of willingness to assert this, that the United States is indeed exceptional.

7/14/12: Obama: What makes us exceptional—it’s not just how many skyscrapers we have; it’s not how powerful our military is. What makes us special is this idea that in this country, if you are willing to work hard, if you’re willing to take responsibility for your own life, then you can make it if you try.

7/17/12: Romney: I’m convinced he wants Americans to be ashamed of success. I want Americans to welcome and to celebrate success and to encourage people to reach as high as they can … It’s the people of America that make America the unique nation, the exceptional nation it is.

Seriously, what reality does these people live in?