In a further effort to paint Republicans as defenders of the rich, President Obama announced today a proposal to immediately extend the Bush tax cuts for another year for those making under $250K a year. The cuts would help 98% of all households and 97% of the country's small businesses, but screw over the people who have car elevators and family compounds, making them virulently socialist. "These tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth," the president said, to the snapping of several gilded snuff boxes. "We don’t need more top-down economics. We’ve tried that theory. We’ve seen what happens." 

The chance that Congress will pass the proposal isn't good: as David Hawkings points out, it's not just the GOP who need the support of wealthy folks, but the Democratic establishment as well. And jobs report? What jobs report? We're talking about fairness. Fairness and America.

Meanwhile, Romney is selling $2,500 glasses of wine at a fundraiser in a "ski chalet" in Aspen, but yesterday's Oblivious Rich People Who Make You Clench Your Fists Helplessly moment came courtesy of the LA Times, who had a reporter in the Hamptons for Romney's series of fundraisers.

A New York City donor a few cars back, who would not give her name for similar reasons, said Romney needed to do a better job connecting. "I don't think the common person is getting it," she said from the passenger seat of a Range Rover stamped with East Hampton beach permits. "Nobody understands why Obama is hurting them."

Yes, Romney needs to help the "common person[s]" understand that it's Obama's fault that their share of income has decreased over the past 40 years while the top 5% of earners has risen by 6%. What part of "The 1% got an 11% raise while you got $80" don't they understand?

"We've got the message," she added. "But my college kid, the baby sitters, the nails ladies — everybody who's got the right to vote — they don't understand what's going on. I just think if you're lower income — one, you're not as educated, two, they don't understand how it works, they don't understand how the systems work, they don't understand the impact."

Yes, "the systems," so complex—not as complex as say, a navigation system in a Range Rover, but knotted enough so the "nails ladies" can't crack the code.