GOP presidential nominee Mitt Romney foolishly revived the dust up about his income tax secrecy last week. He claimed he paid at least 13 percent, an assertion easy enough for him to prove by releasing his tax documents.
But he’s refusing to do that. He called the concern about his tax rate “small minded.” Much more important issues overshadow it, he contended.
Remember the fear in 2008? Think of the collapse of Bear Stearns and Lehman Brothers. Wall Street melting down. Pension savings disappearing. Housing values plunging and foreclosures skyrocketing. Three million workers losing their jobs.
It had all the makings of another Great Depression. As Barack Obama took office on Jan. 20, 2009, he faced a dilemma. more »
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