President Barack Obama constantly resorts to this tactic because he's simply unable to defend his own record in office, as 23 million Americans are out of work or underemployed and the economy remains in distress.
Class warfare is all he has left.
But voters aren't buying Obama's polarizing rhetoric. In a Gallup survey about the 12 most important priorities this election year, the issue of "increasing taxes on wealthy Americans" came in dead last among voters. Understandably, Americans are far more concerned with issues such as "creating good jobs," "reducing corruption in the federal government" and "reducing the federal budget deficit," among other important priorities.<p>Nonetheless, Obama relentlessly attacks Mitt Romney's prosperity, as if being a successful businessman -- who takes financial risks and creates jobs -- were an automatic disqualifier for anyone running for the nation's highest office.
During the second presidential debate last week, Obama hammered Romney for his financial success and played the class warfare card:
--"I don't look at my pension. It's not as big as yours, so it doesn't take as long." (In fact, Obama has a larger pension than Romney.)
--Obama attacked Romney's "$20-million-a-year" income. (Romney actually made $13.7 million in 2011 and gave nearly 30 percent of his income to charity.)
--He also accused Romney of shielding the wealthy from paying "a little bit more" in taxes.
--He stated: "I believe in self-reliance and individual initiative and risk takers being rewarded. But I also believe that everybody should have a fair shot and everybody should do their fair share and everybody should play by the same rules, because that's how our economy's grown."
Obama claims to support free enterprise, self-reliance and individual initiative, but his actions say otherwise. He has forced on America a federal takeover of health care, increased oppressive regulation of private business and sustained massive government spending, and he has expanded our nation's welfare rolls by 32 percent. He even attacks corporations while accepting campaign funds from the same ventures he condemns. (Ironically, Obama has accepted nearly $120,000 from Bain Capital executives, is the top recipient of funds from BP, has investments in Chinese companies and through a Cayman Islands trust, and staffed his own Cabinet with wealthy CEOs.)