Many of the 47% are Republican voters who have retired.
First off, the top quinitle is dominated by older Americans. Many do not pay income taxes, though.
But, that's my point, if he gets no votes from the 47% he loses in a landslide.
Many retirees are former civil servants on a pension and/or social security. The pensioners were sold a bill of goods and told to count on pie in the sky projections that had no basis in reality. The fund managers promised 8% returns or higher for as far as one could see. Many people (including myself and Ron Paul) warned for years that the projections were not feasible.
When the projections did not come to fruition they blamed first time homebuyers and the poor (see... black people) for the financial meltdown. This is the innacurate narrative peddled by Republicans concerning the meltdown. See, it was not Bush and Rove's fault, even though they pushed the mortgage frenzy as much as anyone and hoped this "ownership society" nonsense would give them permananet power. It allows them now to attack the poor for taking government assistance while they carry around signs like "Keep Government Out of Medicare" and denounce ObamaCare as socialized medicine. That was the new snow job that elderly were sold. It conveniently allowed them to shift blame for their own poor planning and reliance on bad advice to others who had made similar mistakes but were less able to gain any help.
The people who buy it are D.U.M.B. They have zero understanding of economics. They are mostly old racist farts that can't keep two thoughts together or avoid tripping over their own piles of ..., like pmp. They will vote for Romney/Ryan as long as that pretty little Sarah Palin tells them to and/or as long as Obama is black. I am sure tinfoil probably would love to throw Jewish people into his blame game.
The real cause of the meltdown is due to the moral hazard of insuring the bad investments of the "too big to fail" crowd. Privatized reward and socialized risk. If we could get all those "taxpayers" off the dole and keep them off then we would recover quickly. We should have allowed their malinvestments to be liquidated. The Romney's of the world can't have that, because then there would be too many new wealthy taking their place. The country clubs would be ruined.
We would have been much better off helping those at the lower end, which would have given support to the higher levels that were relatively stable. But Bush and Obama practiced trickle down economics.
Warren Buffett bet on white and won big, again. He put money into the shaky houses risking his own. He knew they would bail him out and he could walk away with praise and wealth.
That's the reality, that no one wants to deal with, least of all Obama.
