Obama Fundraiser Critical of The Campaign’s Strategy
Roy Donahue “Don” Peebles is a real estate entrepreneur, author and political activist. Peebles is the Chairman and CEO of the Peebles Corp., the largest African American real estate development and ownership company in the US, with a multi-billion dollar development portfolio of luxury hotels, high-rise residential and commercial properties in Washington, D.C., Las Vegas and Miami Beach.
Lately Peebles has spoken out about the presidential campaign, particularly about fund raising strategies. Earlier this week Peebles was quoted in the New York Times saying that he found certain attacks by Democrats on Mitt Romney’s wealth to be “offensive.”
“What I get concerned about is the message from the Obama campaign that we only want someone who has not been successful to run for president. What do we want here? You can’t be successful and run the country? We don’t want somebody who has been successful to run it? That doesn’t make sense,” Peebles said. “So I look at that and I see that those things are becoming offensive to some of his strongest supporters, financially.
“It would be unrealistic to think that that kind of thing would not impact the enthusiasm for those who are supportive of the president, financially, and certainly would turn off others who were on the fence to say, ‘You know, what the heck with it. I’m done,'” Peebles continued. “And they go on to Romney.
Peebles said he does not think criticism of Romney’s time in private equity are out of bounds as long as they focus on his performance there, and said he preferred the Obama campaign spend more time focusing on Romney’s record as governor of Massachusetts.
But he also took issue with Obama’s recently revived talking point about raising taxes on those who make $250,000 or more a year.
“I’m so tired of hearing that the rich are not paying their fair share of taxes. Yeah we are,” Peebles said. “The super vast majority of wealthy Americans do not wake up every day and say, ‘Let’s see how we can pay less than our fair share of taxes.’ They say, ‘We’re going to follow the law and we’re going to hire some good accountants to tell us how to do it. And we’re going to pay no more or no less than our fair share.’
“So to say that wealthy individuals are not paying their fair is unfair and delusional,” he said. “So what should be said is that the wealthy Americans should have their tax rates raised because we need more money. Now by the way, if they got all these tax raises it still wouldn’t put a dent in the national debt.”