Bloomberg, recession and Romney’s $200,000 “middle class”

As fear of a recession may be pushing billionaire New York mayor Michael Bloomberg to declare his candidacy for president, Mitt Romney is campaigning in Michigan with a call for recession-preempting tax incentives. He wants to eliminate taxes on savings for middle-class Americans. What’s surprising is his definition of “middle class”: it covers families making as much as $200,000 a year.

For more on today’s Michigan primary, visit the liveblog at our sister site, Michigan Messenger.