President Obama at a Denver fundraiser last night suggested he’s been spending his life in “the real world” while Romney has not. Here’s a look at what he said:
There was a woman in Iowa who shared her story of financial struggles, and he gave her an answer right out of an economic textbook. He said, “Our productivity equals our income.” And the notion was that somehow the reason people can’t pay their bills is because they’re not working hard enough. If they got more productive, suddenly their incomes would go up. Well, those of us who’ve spent time in the real world — (laughter) — know that the problem isn’t that the American people aren’t productive enough — you’ve been working harder than ever.
The point, I gather, is that rich people don’t live in the real world.
As far as I’m aware, Romney earned the vast majority of his money by busting his butt in school and sacrificing time with his loved ones by working incessantly ever afterward.