Matt Taibbi on the presidential race

Rolling Stone:

The mere fact that Mitt Romney is even within striking distance of winning this election is an incredible testament to two things: a) the rank incompetence of the Democratic Party, which would have this and every other election for the next half century sewn up if they were a little less money-hungry and tried just a little harder to represent their ostensible constituents, and b) the power of our propaganda machine, which has conditioned all of us to accept the idea that the American population, ideologically speaking, is naturally split down the middle, whereas the real fault lines are a lot closer to the 99-1 ratio the Occupy movement has been talking about since last year.

Mitt Romney is a rich-from-birth Ivy League product who not only has never done a hard day of work in his life – he never even saw a bad neighborhood in America until 1996, when he was 49 years old, when he went into some seedy sections of New York in search of a colleague's missing daughter ("It was a shocker," Mitt said. "The number of lost souls was astounding").

He has a $250 million fortune, but he appears to pay well under half the maximum tax rate, thanks to those absurd semantic distinctions that even Ronald Reagan dismissed as meaningless and counterproductive. He has used offshore tax havens for himself and his wife, and his company, Bain Capital, has both eliminated jobs in the name of efficiency (often using these cuts to pay for payments to his own company) and moved American jobs overseas.

The point is, Mitt Romney's natural constituency should be about 1% of the population. If you restrict that pool to "likely voters," he might naturally appeal to 2%. Maybe 3%.

Romney is an almost perfect amalgam of all the great out-of-touch douchebags of our national cinema: he's Gregg Marmalaard from Animal House mixed with Billy Zane's sneering, tux-wearing Cal character in Titanic to pussy-ass Prince Humperdinck to Roy Stalin to Gordon Gekko (he's literally Gordon Gekko). He's everything we've been trained to despise, the guy who had everything handed to him, doesn't fight his own battles and insists there's only room in the lifeboat for himself – and yet the Democrats, for some reason, have had terrible trouble beating him in a popularity contest.

Obama's policy choices in the last four years have made it impossible for him to run aggressively against the corruption and greed and generally self-obsessed, almost cinematic douchiness that Romney represents.

With 300 million possible entrants in the race, how did we end up with two guys who would both refuse to bring a single case against a Wall Street bank during a period of epic corruption? How did we end up with two guys who refuse to repeal the carried-interest tax break? How did we end with two guys who supported a vast program of bailouts with virtually no conditions attached to them? Citigroup has had so many people running policy in the Obama White House, they should open a branch in the Roosevelt Room. It's not as bad as it would be in a Romney presidency, but it comes close.

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