In its 13 & 20 August issue (yes, this is the pseudo-European August break for the staff), Kelefa T Sanneh explains that it is really all about taxes. The writer first talks about the Roanoke speech:
Obama told the crowd about the importance of infrastructure and manufacturing, and he promised to help the middle class while reducing the deficit. He also indulged in some mockery of “wealthy, successful Americans” who overestimate their own abilities. “I’m always struck by people who think, Well, it must be because I was just so smart,” he said, smiling. “There are a lot of smart people out there.” Entrepreneurial success was a team effort, he argued...Then he mentions President Obama's response to the response of the Republicans.
...Obama hastened to explain that he hadn’t meant to call entrepreneurs undeserving of their success. In a follow-up video, he said, “Of course Americans build their own businesses”—pronouncing “Of course” in that slightly plaintive tone that politicians use when stating the obvious, as penance for having previously misstated it.And, the writer tells us, Governor Romney "concede that successful businesses don't exist in isolation.
But, the point of the article is that it is really all about taxes and the Bush Tax cuts. I did think the phrasing "Obama, seeking to repeal George W Bush's tax cuts for top earners..." was a little strange. It seems closer to the target to say that he wishes to only extend the tax cuts for those who are not top earners.
I would be for tax increases, Grover Norquist be damned, IF I thought that the money would go to pay down the debt, but I fear it would just encourage more spending. We have gotten used to living beyond our means and a tax increase would just extend the margin.
Regards — Cliff