The $10,000 Reason Mitt Romney Won't Be President

Last Saturday, during ABC's televised Republican debate in Iowa, Mitt Romeny challenged Texas Governor Rick Perry to a pricey bet. He offered a $10,000 wager concerning a disagreement over whether Romney had ever supported a federal individual mandate for health insurance similar to the one included in the Massachusetts plan he backed. With this bet, Romney gave the voting public another sign that the multimillionaire was out of touch with America's struggling middle class. 

If you can make a $10,000 bet, you are most likely part of the 1%. If you make a $10,000 bet in front of millions of Americans while running for president, you must be out of touch with reality and not realize that 99% is more than 1% on election night.

If Americans end up voting for the guy who made this $10,000 bet, even if merely to prove a point, we would deserve who and what we get. This wager paints a picture of a candidate out of touch with many of the problems Americans face today. Increasing income inequality is one of the hottest political footballs for 2012 and Romney seemed to throw an interception with this one. Americans will not trust their middle class pensions, college funds, and retirement accounts to a politician who makes casual $10,000 bets on national television.

I take no issue with a little friendly wagering. In fact, I think that making a few friendly wagers with your buddies on football games can take your mind off the pile of bills, the mounting credit card debt, and your dwindling bank account. However, for a presidential candidate to make a wager with another presidential candidate while millions of Americans are losing their jobs, homes, pensions, and their health care seems just a bit out of touch. Even if presidential candidates are wealthy, and many of them are, they still need to act as if they empathize with the 99%.

When Romney challenged Perry on a dispute over his healthcare record and where he stood on the individual mandate, it set a precedent for presidential debates. Candidates can act like mischevious billionaires at a country club and remain in the race for the White House. Yes, the bar is now mighty low. It also further lent credence to the notion that these Republican presidential debates were not very presidential and that the exclusive Republicans candidates club was even more exclusive than originally thought.

If you are a Democrat, you must be jumping for joy every time a Republican candidate opens his mouth. If you are a Republican, you are mostly likely cringing every time a Republican candidate has a microphone in front of his or her face. According to the Gallup Daily, Obama's approval rating currently stands at 41%. With the Republican field lacking any credible candidates, the president's rating could fall even further below the 50/50 line, and he will still win another four years of room and board at the White House.

At least Newt Gingrich has sense enough not to bet large sums of money with his fellow rich Republican candidates on television while millions of Americans struggle to find enough money to put food on the table and a roof over their heads.

Hey Romney, let‘s wager $10 - only $10 because I’m part of the 99% and $10,000 would wipe out my measly retirement account. What’s the bet, you ask? I’ll bet dollars to donuts and a crumpled 10 that you won’t be moving into the White House next year.

Photo Credit: Gage Skidmore

How likely are you to make Mic your go-to news source?

Fred Phillips

I am a small business owner who works in the employment screening field. Did the economic collapse in 2008 hurt my business? Damn straight it did! My business suffered and my brokerage account plummetted. I was one of the lucky owners of Lehman Brothers You can bet that people are lining up to receive stock advice from me!! I am also a writer, or I pretend to be. You can decide. I currently write for a few clients - SEO, articles, web content. I also recently completed a novel that may someday be published! Hey I was happy to complete it after 20 years of talking about it. ! My wife liked it, but that's a long way from getting a contract from a publishing house. I am a husband of 19 years and a father of two teenagers (aaaahhhh!!). I have always enjoyed political debate and discourse and feel that I sit more on the left side of the aisle, though some of my friends just say I'm far out in left field. I'm happy to have found this site; perhaps there is something worthwhile on the Internet besides porn and the ability to watch blacked-out football games.

MORE FROM

White House says it knows of potential Syrian chemical attack, warns Assad of "heavy price"

The Trump administration did not provide any evidence backing the threat.

Serena Williams responds to John McEnroe's comments saying she would rank "like 700" against men

Williams said his statements were "not factually based."

People are way less likely to be helpful when it's hot out, according to study

Sorry, it's too hot out to help you move.

Democrats, the American Medical Association and US bishops blast the Senate health care bill

According to the Congressional Budget Office, 15 million more Americans will be without health insurance next year if the bill passes.

Dow Jones won’t talk about its reported pay gap problem

A study released by the union representing Dow Jones employees found evidence of a "significant pay gap between men and women" who had the same job title and level of experience.

Mom slams ACA repeal, shows what's at stake in a tweetstorm about son's health

This mom says that without the ACA, her son wouldn't get the medical care he desperately needs.

White House says it knows of potential Syrian chemical attack, warns Assad of "heavy price"

The Trump administration did not provide any evidence backing the threat.

Serena Williams responds to John McEnroe's comments saying she would rank "like 700" against men

Williams said his statements were "not factually based."

People are way less likely to be helpful when it's hot out, according to study

Sorry, it's too hot out to help you move.

Democrats, the American Medical Association and US bishops blast the Senate health care bill

According to the Congressional Budget Office, 15 million more Americans will be without health insurance next year if the bill passes.

Dow Jones won’t talk about its reported pay gap problem

A study released by the union representing Dow Jones employees found evidence of a "significant pay gap between men and women" who had the same job title and level of experience.

Mom slams ACA repeal, shows what's at stake in a tweetstorm about son's health

This mom says that without the ACA, her son wouldn't get the medical care he desperately needs.