A 2012 campaign that had been expected to largely center on President Obama's management of the economy has expanded to broader terrain as the general election battle takes shape.
That was evident in Mitt Romney's speech Wednesday to a group of newspaper reporters and editors, which marked the Republican presidential frontrunner’s first step toward a campaign directly aimed at Obama, and not Republican foes. The speech, delivered 24 hours after Obama addressed the same group, was intended for a general election audience just as much as for voters in the remaining Republican primaries
"With all the challenges the nation faces, this is not the time for President Obama's hide and seek campaign," Romney told the audience.
The speech was meant to cast Obama as opaque in his plans for the country should he win a second term -- not just as it relates to the economy, but on energy, foreign policy, and a litany of other issues.
It was just a preliminary offering by Romney as the general election begins to get underway. But it also served as a reminder that the campaign won't just be about the economy, which has shown tentative signs of improvement.
It was, in essence, a speech recasting Romney's message for the general election. And that message was far broader than the stump speech focused almost exclusively on the economy that the former Massachusetts governor had practiced for months.
Obama on Tuesday addressed the group and delivered remarks that were some of the most political this year. He launched an attack on the House Republican budget authored by Wisconsin Rep. Paul Ryan, and by extension, Romney.
"This congressional Republican budget is something different altogether. It is a Trojan Horse," Obama said in his remarks. "Disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country. It is thinly veiled social Darwinism."
In response, Romney not only defended the Ryan budget from "straw men" attacks by the president, but also welcomed to stack up the Republican plan and Romney's own proposals against the president's.
"I’m offering a clear choice and a different path," he said. "Unlike the president, I have a record that I am proud to run on."
Romney was happy to make the Ryan plan a topic of debate this election cycle, alongside issues of energy and foreign policy – suggested by Romney’s attacks on Solyndra and Obama’s recent hot mic encounter with the Russian president.
The Republican argument against Obama, in short, has evolved into a broader portfolio. The election won’t just be fought over whether the president has a a winning or losing record on the economy, an increasingly tall order for the GOP given indicators pointing toward an economic recovery, albeit slowly.
That’s a much more expansive vision for the 2012 fight than Romney had described for much of the campaign.
Romney spoke almost exclusively of his business acumen vis-à-vis Obama as his foremost qualifying trait for much of the primary.
“I also think it's helpful to have a leader in Washington who knows how to bring people together and who understands in his heart and in his core how to make the economy work for the American people,” he said Dec. 16 in Iowa.
He hit his rival, Rick Santorum, in late February for arriving late to a realization that “this is going to be a campaign about the economy.”
Romney hardly jettisoned his attacks on Obama’s economic stewardship in today’s speech, accusing the president of having enacted policies that slowed the pace of the recovery.
But the former governor’s attacks weren’t solely based on the presumption that the election would turn on voters’ judgment of Obama’s first four years in office. Romney’s speech, instead, focused on the next four.
“Unlike President Obama, you don’t have to wait until after the election to find out what I believe in – or what my plans are,” he said. “I have a pro-growth agenda that will get our economy back on track – and get Americans back to work.”


“Unlike President Obama, you don’t have to wait until after the election to find out what I believe in – or what my plans are,” he said.
He's kidding, right?
Pat-
Romney is so delusional that he doesn't even know that he is the Flip Flop king of the world; or to use some of Newt's hyperbole, " the greatest Flip Flopper in the history of politicians".
Speaking of Willard's plans - anyone know when he is going to give an interview with a network OTHER than Faux to discuss them?
How about Meet the Press?
Romney has offered a plan that actually does something for America. Obama's plan does not.
I love this line:
"I’m offering a clear choice and a different path," he said. "Unlike the president, I have a record that I am proud to run on." --Mitt Romney
Romney says he offers a "clear choice." I am not clear as to what he is talking about, because nobody knows what he is talking about. Clear my a$$! I agree with Feisty, when is he going to agree to an interview on a real network, and not that Goebbels channel, fox.
Talk about delusional flip-flopper:
"And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans; a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would seean effort to reduce our national debt by returning to responsible fiscal policies." --Barack Obama
I liked Obama a lot better before he became Obama. Which Obama do you like?
Given the clusterf*ck Palin caused when her handlers let her off her leash - I would bet Willard isn't going to say a *peep* until we wraps this up and it's TOO late!
Hi Pat,
Unlike President Obama, you don’t have to wait until after the election to find out what I believe in – or what my plans are,” he said.
He's kidding, right?
He is so out of touch with reality, I doubt if he knows himself what he is saying. Remember he is as programed as a robot. Willard is a Chatterbox!!!
Ron Paul is on Fox now saying he is not getting out.
Palin was on Hannity last night and wants Romney to pick Rep. Allen West for VP.
The GOP cannibal convention.
Romney is not the nominee, yet.
A record to run on?
- Likes to fire people
- Creates jobs overseas
- Doesn't care about those who need help
- Won't release his last 5 years of taxes
- Off shore accounts in Switzerland and the Caymans
- Won't release any of his records while Governor of Ma.
A record written in invisible ink that only he can see!
Really? I liked Obama being Obama...
"The Obama administration's budget request contained $2.627 trillion in revenues and $3.729 trillion in outlays for 2012, for a deficit of $1.101 trillion.The April 2011 Republican plan contained $2.533 trillion in revenues and $3.529 trillion in outlays.The enacted budget contained $2.469 trillion in receipts and $3.796 trillion in outlays, for a deficit of $1.327 trillion."
That's obama being more fiscally conservative than the republicans in 2011...
"The Obama administration's February 2012 budget request contained $2.902 trillion in receipts and $3.803 trillion in outlays, for a deficit of $901 billion"
That's him being more fiscally conservative than the republicans in 2012...
Man, I love hard facts.
Fact = Ryan's plan wanted a 1.3 Trillion deficit in FY2012. Obama's wanted a 1.1 Trillion.
Fact = Obama's put forward a 903 Billion deficit for FY2013. Ryan plan? Don't know, he doesn't want to show us his 2013 outlays. He likes to fastforward 30 years and assume a 6.5% GDP growth (unheard of save for startups!)
Tek - Just remember - GNOPers have trouble with facts and the truth....THEY CAN'T HANDLE THE TRUTH!
Romney stands in front of a banner that reads:
"Repeal and Replace Obamacare"
I have not heard one word of his replacement plan.
I call that "Hide and Seek."
Unfortunately, Pat, he's not.
@teknishan - glad to know you like hard facts. Now, tell me how this is a "fact" in your book?
That hard "fact" is as "factual" as a NINA loan (the "no proof of income or asset loans" that got us into the housing bubble). Anyone can claim revenues that high, but it's only a fact when you can prove it. I can claim all I want that I have a personal income of $50 Billion/year, but how believable is it?
Obama's whole budget plan was rejected by senate in 2011 by a 0-97 vote and in the house by 0-414 in 2012. Isn't there one democrat who would a least symbolically support his budget??
The "well-oiled weather-vane" claims we know what he stands for, what he believes in. Perhaps a reporter could ask at some point for specifics. Nobody has a clue what this man stands for or believes; in fact, I seriously doubt that Romney knows what his view is today or was yesterday or will be tomorrow.
Dumb FUX (1.2) -- Candidate Obama went on Fox News Sunday on April 27, 2008. Would it not be reasonable to give Governor Romney the same courtesy and give him a few more weeks before appearing on NBC?
Nice try at deflection Irrational..How bout we go back to 1999 when the republicans with Bill Clinton's blessing changed the rules to favor Wall Street by repealing The Glass Steagle Act. This obliterated the wall between Mortgage Banks and Investment Banks....You know those Credit Default Swap thingys and lest we forget Collateralize Debt Obligations thingys.(The real cause of the RECESSION)...Yup Let's favor clever paper pushers over innovators and inventors..That's the ticket! How bout those for facts!
Get a clue: The last thing America needs is more MBA's and Wall Street Analysts/Traders. What this country needs are engineers, research scientists and other innovators.
RationalOne,
Wrong, sir.
It is a fact since the number can be easily derived by allowing the current tax rates to expire.
It is Obama who is delusional.... still grasping to the ideas of his college day friends: All laws are politics meant to keep the rich, white guys in power! bull$hit!
Mr. Obama you can't attack or berate the Judicial Branch of the United States! They are the only ones protedcting us from the onerous attempts of the Executive or Legislative branch to take away our freedom.
If the Supreme Court overturns obamacare, it is because it is unconstitutional... not to mention that most of the country wants to silly thing overturned. That is why SC Justices are appointed for life, so political attacks like yours have no effect!
OMG, I hadn't even thought about Romney speeches. The only thing worse is Sarah Palin. No, absolutely not, Romney can't be POTUS!
Memphis Kelly, and your ilk -- Let's get a few things straight. The founding fathers put checks and balances in place to keep any one branch from becoming too powerful. Since Bush v Gore, we've seen right-wing activism from Lilly Ledbetter to Citizen's United to the recent police state ruling on strip-searches (which I hope will happen to as many Teabaggers as possible).
The Citizen's United ruling over-turned a century of precedent, and when mentioned in the State of the Union, Alito had the audacity to show his disrespect toward the Executive Branch rather than having dignity in keeping with neutrality. If the SCOTUS over-turns law passed by congress--with a super majority, mind you--this current court will have ZERO credibility left. I already have no faith in them, and the use of Teabagger talking points by Scalia was beyond the pale.
So take you twisted hate for the president elsewhere, because you deserve nothing but scorn from the sane citizens in this nation.
Romney comes across like he's completely shameless. I've never seen anything like this from a major party candidate - at least not that I can remember. And can't remember any third party guys like him, either. This say anything schtick goes beyond just wanting to win, at least that's my guess. There's something psychological here the country ought to be concerned about.
How Manchurian Candidate of him. Remember Sharron Angle scurrying away like vermin? Remember how Romney met with Donald Trump through a hidden back door?
Folks talk about how Romney fails time and again to show leadership, whether in response to Limbaugh's 3-day rampage or religious questions from an audience, and how can he deal with Putin... Any politician who can't face the press (and not get snippy) is NOT presidential material.
As for RationalOne -- isn't it time for you to go to choir practice or something?
I love the word "ilk." It says so much with so little.
Romney is our only chance to save America. Obama certainly isn't willing to do it. All Obama is concerned with is sounding good in front of the electorate by using pretty, but empty words.
Mitt Romney 2012
President Obama is saving America. Thank God.
Mitt Romney...seriously, guy?
You're just stepping behind him because he's a republican, and you're obviously a republican.
You aren't showing individual thought, or even healthy caution, in your endorsement of Mitt.
Mitt's plan is making swaggers with a 4% 'robust' economic growth, coupled with some other voodoo. Can find it right there on his website, but do be a good fellow and try to blot out or ignore all the pretty words and get to the core thoughts, cut discretionary spending by $410Billion...
do you even know what discretionary spending is?
HINT: It involves the Department of Defense, VA and DHS. But not medicare or social security.
Please, please get informed and educated before casting a ballot. Not saying you're wrong for supporting Romney (I happen to disagree with him a lot, but no matter), but at least know what you're voting for before you do so. The Low Information Voter crowd is the pestilence of the polls.
Give some real reasons why voting for Mitt is a good idea other than 'he creates jobs', which is pretty much unproven. I think he's out-sourced significantly more than he's created, but that's a swag on something that doesn't really have a historical record.
RationalOne -
Empty words? This from the same Romney speech in an earlier thread:
"This election will be about principle. Freedom and opportunity will be on the ballot," the former Massachusetts governor said. "I am offering a real choice and a new beginning. I am running for president because I have the experience and the vision to get us out of this mess."
Principle, freedom, opportunity, choice, new beginning, experience, vision. Was there a single empty word there that he missed?
Oh, yeah - "hard-working average Americans". I'm sure he'll throw that one in too, as soon as he figures out what it means.
@teknishan - Yes, Mitt Romney, seriously. Seriously Independent here as I don't fit well in the Republican party - being at odds with favoring DREAM, against the wars, against Big Oil and Banks, and other minor issues.
Romney's not perfect, no politician is. But I am impressed with his record of what he was able to do with Mass. as Governor, and the Olympics. I have thoroughly researched his plan and consider it viable and waaaay better than what we have now.
http://www.mittromney.com/sites/default/files/shared/BelieveInAmerica-PlanForJobsAndEconomicGrowth-Full.pdf
Obama has been the most divisive president in a century, possibly in history. He has created wars on blacks, wars on women, wars on religion, wars on the rich, etc. I mean, seriously, who would want to work with this guy on anything?? Romney, on the other hand, worked as a Republican in Mass. with the Democrat controlled legislature. He's got a record of reaching across the isle!!! That's what we need. I may not agree with him on all the issues, but he's a man who gets things done, and I believe he can fix our economy.
RationalOne-674831
Romney is our only chance to save America. Obama certainly isn't willing to do it. All Obama is concerned with is sounding good in front of the electorate by using pretty, but empty words.
Mitt Romney 2012
Why not compare what Willard has done to improve the economy. Willard state was 47 out of 50 for unemployment; he wanted to let Detroit go bankrupt; and he sent jobs overseas. The jobs report will be out and it is inching upward. GM is soaring.
How could you forget him and buddies pulling dollars bills out of out of nearly every orifice.
http://farm8.staticflickr.com/7150/6659343497_b2df6c76d0.jpg
RA - What did he accompish in MA - Mandatory Healthcare? Which he now says really doesn't apply...what else?
Fair enough :) at least you have arguments in-favor of your vote, and that's all I can ask for!
As far as Mitt goes, I think he's in the wrong party. True story. His history is very un-republican. I think he ended up there because of his daddy.
I like his healthcare in Mass., but his job creation record was pretty bad. In the bottom 3, I believe, but don't feel like looking it up. I think he just tries to wield 'job creator' claim as a hammer and hopes people pay attention to Bain and not to Governorship.
His 'overturn Roe v. Wade' is a bit of a stretch for me. He claims to want to reduce the size of gov, but adding additional laws, especially 'morality' laws, will grow the size of government a ton. Just can't agree with him there.
I also don't like his tax structure. It's a reversion. I am a fan of heightened progressive taxes, not retro. Ike taxed the top earner 90% of their income, and made a whole lot of infrastructure investments (National Highway Act, etc) in the nation. He understood that true conservationism is taking care of the taxpayer dollar as if it were your own, and he invested it. Not kick-backs to big conglomerates.
I just can't get behind anything Mitt says, sadly. But glad to see you can, educatedly, support his positions. We shall just agree to disagree on his fittingness to lead. :)
RationalOne-674831
Romney's not perfect, no politician is. But I am impressed with his record of what he was able to do with Mass. as Governor, and the Olympics. I have thoroughly researched his plan and consider it viable and waaaay better than what we have now.
http://www.mittromney.com/sites/default/files/shared/BelieveInAmerica-PlanForJobsAndEconomicGrowth-Full.pdf
Obama has been the most divisive president in a century, possibly in history. He has created wars on blacks, wars on women, wars on religion, wars on the rich, etc. I mean, seriously, who would want to work with this guy on anything?? Romney, on the other hand, worked as a Republican in Mass. with the Democrat controlled legislature. He's got a record of reaching across the isle!!! That's what we need. I may not agree with him on all the issues, but he's a man who gets things done, and I believe he can fix our economy.
Simply put
Quote from wikipedia as I'm too lazy to look up the other source.
"Upon entering office in the middle of a fiscal year, Romney faced an immediate $650 million shortfall and a projected $3 billion deficit for the next year.[115] Unexpected revenue of $1.0–1.3 billion from a previously enacted capital gains tax increase and $500 million in unanticipated federal grants decreased the deficit to $1.2–1.5 billion.[127][128] Through a combination of spending cuts, increased fees, and removal of corporate tax loopholes,[127] the state ran surpluses of around $600–700 million for the last two full fiscal years Romney was in office"
Right.
"Through a combination of spending cuts, increased fees, and removal of corporate tax loopholes,[127] the state ran surpluses of around $600–700 million for the last two full fiscal years Romney was in office""
A balanced approach. Reduce outlays, increase fees and taxes.
That's exactly the approach I approve of, and the exact approach Obama is trying to get through congress.
Also the exact approach all 4 republican candidates rejected on live television.
"10$ of cuts to every 1 dollar of increases..who's in favor?" <crickets chirp>
THAT, sir, is the problem :) They all know it's the necessary thing to do. Maybe, once elected, they'll even do it. But I can't vote on a 'maybe'.
Romney has already made known his pragmatic approach with tax increases. He has already indicated he's going to limit deductions on the rich.
“And by the way, I want to make sure that you understand, for middle-income families, the deductibility of home mortgage interest and charitable contributions, those things will continue,” he said. “For high-income folks, we are going to cut back on that, so we make sure that the top 1 percent keeps paying the current share they’re paying or more."
http://thecaucus.blogs.nytimes.com/2012/02/22/romney-details-tax-overhaul-urging-lower-rates-and-fewer-deductions/#
It's not a maybe. Again, I'm relying on his experience of reaching across the isle. Past performance is a pretty good indicator of future results.
RationalOne -
I think you meant reaching across the "aisle", not "isle".
The only isles Romney's reached across lately are the Caymans.
Yes, thanks for pointing out a "doh" moment. AISLE
Tell me, why would the Romneys, or the Rothschilds, Vanderbilts, Rockefellers, Waltons, etc want to keep all their money here in America. What incentive do rich people have to keep "all their eggs in one basket" when America is going down the proverbial toilet.
I would think doing something constructive and trying to keep America from "going down the proverbial toilet" would be incentive enough. You know - charity begins at home and all that?
Of course, what do I know? I'm not rich. But oh, what I could do for my fellow Americans if I was......
Romeny is a joke. GOP will get there turn, but not this Fall.
Sorry but this time around the Republican party offers no one I can vote for.
Mitt: "Unlike the president, I have a record that I am proud to run on."
Like health care? Or pro-choice? Or marriage equality? Mitt has run far away from his record as governor. President Obama, on the other hand, will run on his record. Considering we were in 2 wars, facing a 2nd Great Depression, dealing with the near collapse of the banking and auto industries, and Osama Bin Laden was still alive....our President seems to have something to run on.
Mitt: “Unlike President Obama, you don’t have to wait until after the election to find out what I believe in – or what my plans are,”
Meanwhile, if you really examine Mitt's public comments, he doesn't really reveal any concrete, tangible plans to fix the economy. Just the same old conservative talking points.
It's a shame, as an independent I really wanted a tough choice this election season. It's kind of depressing to think that I made up my mind as early as springtime, which I've never done before.
I can see the Presidential debate right now when health care comes up and Obama tries to compare Obamacare with Romneycare. Romney will turn and say" There is a big difference between the health care I passed and the health care you passed. Mine is constitutional."
Romney stands in front of a banner that reads:
"Repeal and Replace Obamacare"
I have not heard one word of his replacement plan.
Obama will turn and say, "Have you been lying to the American people?"
I am willing to enter into a gentleman's bet on this.
I bet that it's found constitutional.
Care to take me up on it? We can negotiate terms at your leisure.
As a sidenote, I think there will be 3 seperate papers on WHY it's constitutional, since all 3 'groups' will have a different view on how it is constitutional. But it will be found constitutional.
No, Sandi, Romney will just have to say"I will announce it after my vacation with the 1%er's on Martha's Vineyard. Worked for Obama on his jobs bill.
Romney throws around the empty Frank Luntz focus group tested words, "freedom and opportunity." I half expect these to be followed by "mom and apple pie" (but not Chevrolet - we know where he stands there). His and the Kochs' concepts of freedom and opportunity envision the rich being able to make as much as they want without interference by government regulation or taxation, and if in the very long run, the rest of us benefit, then that would be good too. I don't think anyone seriously claims that Obama's policies are preventing someone in the US from inventing the next great light bulb or smart phone app., or even start a small company selling whatever. The problem is having the equal opportunity to a good public education, basic healthcare, freedom from extreme want, freedom from the fear of becoming destitute from old age or disability, affordable post secondary and technical training so that all those willing to work can contribute to the community, freedom to know that the money you put in the bank or retirement is not put at risk by others who want only the markets to regulate themselves. I can go on, but the requirements of freedom and opportunity are far to broad and complex to be thrown out as they are by Romney simply as magic words.
You summed it up perfectly Wm.
Yes, the usual fact free class warfare hate the rich envy. Sounds like a childish tantrum rather than a political statement.
You want your "binky" of the Nanny State to take care of you and change your diaper, since you are a helpless dependent...
What ever happened to the concept of good government? Good public schools, a secure middle class, an effective healthcare syestem. I think these are worthy goals. Republicans have abandoned the idea of building institutions that are the foundation of a powerful country. Republicans are all about gated communities, and any one who is less than rich -like. 98% of us - are out in the cold.
Romney is not the nominee, yet.
Ask Rick, Newt and Paul.
They are all still going to the GOP cannibal convention.
The convention is going to be so funny. I actually love this type of reality tv. I cannot stop laughing at these fools.
We will be laughing at you moonbats in November, count on it.
Oh this is priceless! Mittey thinks he has a record to be proud of? Does he mean his record of taking over good businesses and ruining them? His record of firing hundreds of people? What the hell record is he talking about? I haven't seen any record of his that he should or could be proud of? What is wrong with this guy? To think that anyone could think that he is Presidential material, is so WAY beyond me!!! This guy doesn't even know what a middle class person is? He thinks that middle class, is just more money for him. Rummey has no idea that middle class are people. The party of NO must GO!!! OBAMA/BIDEN 2012
paul -- It is your guess / opinion on the Governor. I have the same opinion of the President.
All that Romney has accomplished is to demonstrate that he doesn't know what is going on. He does not know what a president does, not just what Obama is doing. Mitt, don't blame anyone else for your ignorance and confusion. That disqualifies you as a serious candidate. At least do what you have been doing to other primary candidates, lie.
I thought the President's speech laid out his policy differences with the Republicans very well. You can't argue with the facts. All the Republicans talk about is cutting taxes for the richest, in order to "grow jobs." But when has this ever worked? Cutting taxes is the only thing I've ever seen Romney truly excited about, maybe because he LOVES paying 14% on his income "and not a penny more!"
Amy, the President's speech was a nasty partisan attackfull of untruths and unworthy of a national leader.
Proves again that Obama has no chance to win running on his abysmal record. His only chance is to divide Americans based on income, race and gender. Stir up the class hate and envy, and spend us into bankruptcy to buy votes....that is all he has...
I disagree, Bob. I think President Obama is the most inspiring politician in our country. The Republican leaders only care about their wealthy donors.
His only chance is to divide Americans based on income, race and gender. Stir up the class hate and envy, and spend us into bankruptcy to buy votes....that is all he has...
V-Bob, What you're stating sounds exactly like what comes from the Gop strategy and playbook, not the democratic one.
Bain Capital took a lot of money from its successes. That is fine, unless we are talking about moving the jobs offshore.
Bain also took a lot of money from its failures. That is reprehensible.
My grandfather--a lifelong Republican--saved companies in the 1920s and 1930s. He hated to fire anyone (except "The Family"), and he would NEVER have posed for that picture of the Bain Boys, with all of that money.
Romney is a salesman. He will say anything to make the sale.
Romney took a list of his own weaknesses and systematically blamed Obama for each of his own flaws. He is trying to lower the competition by obfuscating his flaws for public consumption. How about the Obama wants to destroy Medicare one, or Obama is attacking women's health care?
Romney is the biggest liar to ever run for the office, as all other candidates in 2008 and 2012 have pointed out his lies. The issues about his lack of integrity and Etch-A-Sketch "convictions" demonstrate that Wall Street is selling another toxic asset, hoping to reap huge profits from tax cuts, deregulation, military spending, and any other favors Romney bestows on his 1% colleagues.
Romney is the flip, flop, flipper king and have no shame. Who in there right mind would ever believe this man. He does not stand for anything and would say anything to be elected. This man has told so many lies that it is unbearable. He cannot take a stand on anything. He does not know right from wrong. His campaign manager said it right and gave him the perfect nick name eta-a-sketch. How can you be for a budget that protects the rich but that is why he is running for president to protect his money in the Swiss bank and so forth.
Romny's speech was nothing but air and it did not come with any facts or new ideas. He never speak of any substances for a new plan on any issues.
Remeber Romney said he likes to fire people! He thinks it fair to pay lower taxes then the average income of a middle class american. This is why he had no problem with endorsing the Paul Ryan's budget proposal. The rich person that makes a mninum of a million dollars would save an additional $265K per year.