— Jeff Gural, Newmark Grubb Knight Frank Chairman, told CNBC’s "Squawk on the Street" on Monday.
— Conservative commentator and Weekly Standard editor Bill Kristol said on Fox News Sunday.
With the presidential race in its final weeks, many voters are focused on the U.S. debt load and how it should be cut.
What’s the single best thing Washington can do to close the budget deficit?
Vice chairman and fixed-income manager, Loomis Sayles
"They have to do their job. To do that, they have to meet in the middle. In order to be able to deal, you have to be willing to compromise. The two-party system clearly doesn’t seem to be working. Entrenched views on the right and…on the left won’t work."
"Decisions are being deferred, delayed, and scrapped. If the fiscal cliff and grand bargain are not worked on and finalized early, you could see behavior from consumers, investors, and companies that would put the economy pretty close to a recession in the first quarter of next year."
Jason DeSena Trennert
Managing partner, Strategas Research Partners
"Our only choice is to grow our way out. Exploiting our own natural resources like shale gas and establishing a clear and sustainable tax and regulatory environment would go a long way to helping us do that."
The focus on Romney’s tax returns is on how much he pays. But look at the other side of the ledger: how much he makes. In 2011, Romney earned $14 million. But as Romney himself joked in 2011, he was unemployed that year. So he made $14 million without even having a job.
That money, of course, all came from investments. But Romney didn’t even manage those investments. Someone else took charge of the decisions. Romney basically made $14 million in 2011 — putting him way, way above the top 1 percent, which starts at around $350,000 a year — because Romney was very rich in 2010, too. That’s the nice thing bout being rich: It makes you richer.
Compare Romney to a single mother of two who works full-time at Wal-Mart, who takes the Earned Income Tax Credit and whose children get health insurance through Medicaid. Romney says she’s not taking personal responsibility. He says he couldn’t get her to take personal responsibility if he tried. And yet, Romney is someone who doesn’t even have to take personal responsibility for earning money anymore. He’s beyond all that.
Romney’s situation is wonderful. It’s the dream. And he worked to achieve it. I have no qualms about any of that. But his riches have come with a lack of empathy for what it’s like to be poor, or even just not-rich. He’s taken the fact that he’s rich as an indictment of the work ethic of people who aren’t. And he’s carried that belief into his policy proposals. His policy platform matches his comments: He won’t raise taxes on the rich, but he wants to cut Medicaid by over a trillion dollars in the next decade."