Daniel Henninger on The Unsinkable Mitt Romney:
The health-care problem has been widely discussed. There are two other troubling policy areas, both on display in the debate: taxes and China.
Newt Gingrich rightly asked Mr. Romney why his capital gains cut stops at incomes above $200,000—a total economic absurdity, especially for anyone who purports to know "how the economy works."
Mr. Romney's standard reply is that the "rich can take care of themselves" and he's all about "the middle class." But that's Barack Obama's divisive view. And despite two bipartisan commissions explicitly calling for lower individual rates, Mr. Romney's tax reforms are "in the future." So he sits below 22% support.
China is hacking into the Pentagon's computers, grabbing the South China Sea, offering little help on nuclear proliferation, and Mr. Romney's big proposal is "on day one" to file a complaint against China with the World Trade Organization for currency manipulation. But that's proto-Democrat Chuck Schumer's issue. If one can glean a commonality in the Schumer-Romney complaint, it would be campaign contributions.
Mitt Romney has undoubted gifts. He could be president. But in the current Obama morass, so could 100 other people. What voters, including Republican voters, want for the United States now is the best president possible. Mr. Romney isn't there yet. Only more competition or criticism will get him there.
More than happy to help with the latter.