Rubio's Finances
What a crazy week. Jeb Bush sets out to reset his failing $120 million campaign, and does so by taking on not Barack Obama, not Hillary Clinton, not Bernie Sanders, and not Donald Trump ... But Marco Rubio. And he does it as if a kidnapper is holding a gun to his back and he is a hostage forced into it.The former frontrunner, Trump, armed with four "very impressive" bankruptcies to his list of accomplishments (one more than his marriages), attacks Rubio's finances. Rubio responded the only way he should.Kim Strassel responded with class and information, as she generally does. I am in the camp that believes all of this is a positive for Rubio in the general election. When the $100 million queen of corruption and bribery, having not driven a car since 1994, has to prosecute a campaign on the basis of class warfare and income inequality against a guy who just paid off his student debt in the last eight years (as opposed to a billionaire who inherited all of his money and the $22 million Jeb Bush), trust me, it's a good thing for the Republican.Rubio has the truth on his side with these things about his finances, and politically has solid answers. Americans do want someone who can relate to them, and they do love aspirational success stories. There is no "there, there" on the credit card deal. Jon Stewart himself has mocked the heck out of this whole thing. BUT I will personally point out one error in Rubio's script ... He deftly said this week:“I think it would be good for this country to have a president that knows what it is like to have your house lose its value because of irresponsible and reckless behavior by Fannie and Freddie, by the Federal Reserve."It's the right thing to say politically. But the truth is in the inversion - the Fed/Fannie/Freddie did not make prices fall; they made them artificially rise. They fell because all things fall when their rise was artificial. Important distinction? Probably not. But I'm making it anyways. Who said I am not objective?