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Obama’s ‘economic patriotism’ attack on Romney

2 October 2012

Expect to hear Barack Obama talking about ‘economic patriotism’ in tomorrow’s first Presidential debates. The idea is a simple one: that American’s should keep their money within the United States, place their deposits in American banks, and pay the full measure of their taxes.

It’s providing an effective way to undermine Romney’s complex financial arrangements which place much of his money in offshore tax havens. By doing so, Obama claims, he is proving himself a poor patriot.

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In a new campaign advert, the President argues:

‘It’s time for a new economic patriotism, rooted in the belief that growing our economy begins with a strong, thriving middle class.’

Its subtlety is devastating and reinforces the view that Romney is out of touch with struggling and squeezed voters.

In key swing states the momentum is moving away from him. Polls conducted by the Washington Post show the President with an eight point lead in Ohio and four points in Florida among likely voters. If Obama takes both of those states next month, his journey back to the White House is guaranteed.

Romney is said to be preparing intensively ahead of tomorrow’s debate but he can’t expect to change the polls by simply matching the President. He needs a game changer.

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Show comments
  • David Lindsay

    This used to be a Republican agricultural as much as a Democratic industrial cause, just it was a Tory cause in the nineteenth century and beyond, and just as it remains a cause of Gaullists, Christian Democrats, the Australian National Party, and so on, just as much as of the, often no less socially conservative, non-Marxist Left in those countries. The American paleoconservatives remain staunch economic patriots.

    The Republican Party has redefined itself as the party only for people subscribe to all three of unrestricted capitalism, a sort of post-1980s social conservatism which in order to be compatible with that economic system is not really very conservative at all, and the global imposition of both by the force of arms. None has this has anything to do with America as she has existed historically, but huge numbers of people have somehow managed to convince themselves that it represents her historical norm. And that conviction is the minimum requirement for identification as a Republican, of all things.

    Socially and culturally conservative or liberal Republicans who are proud inheritors of economic and political Progressivism and the Nonpartisan League are now in the same position as socially and culturally conservative or liberal Democrats who are proud inheritors of economic and political Populism and the Farmer-Labor Parties. The same position as any proud inheritors of Republican and Democratic, Progressive and Populist, Nonpartisan and Farmer-Labor noninterventionism abroad. The same position as those who adhere to any social and cultural traditionalism which is not originally and ultimately a product of 1968. They all have to be Democrats, because they are no longer allowed to be Republicans. Hardly anyone still is.

    • Curnonsky

      Can anyone out there understand this gobbledygook?

      • only me

        he’s trying to be an intellectual, by repeating big words. I dont think he understands, the best described events are those that use the fewest words, just like my reply to him

    • Curnonsky

      Can anyone out there understand this gobbledygook?

    • only me

      shut up you twat

  • Bill Poster

    ‘Voluntarily make yourself poorer and prop up uncompetitive industries – it’s the patriotic thing to do’

    • Daniel Maris

      The dominance in the UK of the free trade philosophy means we have lost control of all our major industries and have suffered as a result – as overseas countries make decisions about relocating production to their locations.

  • Gaverne

    This is about as meaningful as the fool Brown’s British jobs for British workers soundbite. Apple is the country’s biggest business success with global domination-guess where are its products made? China. Unpatriotic? No, just good business sense.

  • Mr Chow

    It’s not a new ad

  • Baron

    Maher on the messiah: “The idea is a simple one: that American’s (sic) should keep their money within the United States….”

    What money would it be then, the money they keep borrowing from the Chinese?

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