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Should Mitt Romney be allowed to go off teleprompter?
February 27th, 2012
05:00 PM ET

Should Mitt Romney be allowed to go off teleprompter?

FROM CNN's Jack Cafferty:

When Mitt Romney goes off teleprompter, he has a record of promptly stepping in it.

Take that botched campaign event in his home state of Michigan on Friday - the one where 1,200 people showed up in a football stadium that seats 65,000.

Romney told supporters he drives cars made in Michigan:

"I drive a Mustang and a Chevy pickup truck. Ann drives a couple of Cadillacs actually, and I used to have a Dodge truck, so I used to have all three covered."

Way to connect with blue-collar workers, Mitt. It's no wonder he's in a dead heat with Rick Santorum ahead of tomorrow's primary.

In that same speech, Romney made a repeated - and bizarre - comment about why he loves his home state, saying it feels good to be back in Michigan, "where the trees are the right height." Huh?

It appears that Romney has a serious problem when he goes off script: He sounds out of touch, elite or just plain strange. Examples abound.

He has said that he's "not concerned about the very poor," that there's a safety net in place for them.

Romney also said he likes "being able to fire people who provide services to me" in reference to choosing between different health insurance companies.

And he made the infamous $10,000 bet with former presidential candidate Rick Perry during an early debate. It's estimated that Romney is worth around $200 million.

In response to his latest gaffe about the cars, Romney says he can't be perfect. "I just am who I am," he said, adding that there's nothing wrong with being successful in America and that he wants to use his success to help the American people.

Here’s my question to you: Should Mitt Romney be allowed to go off teleprompter?

Interested to know which ones made it on air?

FULL POST

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Filed under: 2012 Election • Mitt Romney
What does it mean when one out of every four Americans has more credit card debt than emergency savings?
February 27th, 2012
04:00 PM ET

What does it mean when one out of every four Americans has more credit card debt than emergency savings?

FROM CNN's Jack Cafferty:

Americans are back to their old irresponsible ways when it comes to credit card spending.

A new survey shows that only 54% of Americans have more emergency savings than credit card debt.

Which means many of us are only one major unplanned expense away from financial catastrophe.

The BankRate.com poll also shows 25% of those surveyed have more credit card debt than emergency savings.

And 16% have neither credit card debt nor emergency savings.

Who's most likely to save? Households making $75,000 or more per year, college graduates and retirees.

And parents are most likely to have more credit card debt than emergency savings.

No surprise here - households making less than $30,000, those with a high school education or less and the unemployed are most likely to have neither debt nor savings.

The survey also shows consumers' overall financial situation is negative:

More people report a lower level of financial security and are less comfortable with their savings compared to one year ago.

Meanwhile, the New York Post reports that total consumer debt reached its highest point in a decade last month.

Experts say that after a few months of reducing credit card debt levels, Americans are back to relying on the plastic.

There's a concern that middle class Americans are taking on too much risk.

Running up credit card debt at a time of long-term unemployment, stagnant wages and increased household expenses could be toxic.

Here’s my question to you: What does it mean when one out of every four Americans has more credit card debt than emergency savings?

Tune in to the Situation Room at 4pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.

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Filed under: Jack Cafferty • Personal Finances