For six months, he’s been matching Obama small ball for small ball. A hit-and-run critique here, a slogan-of-the-week there. His only momentum came when he chose Paul Ryan and seemed ready to engage on the big stuff: Medicare, entitlements, tax reform, national solvency, a restructured welfare state. Yet he has since retreated to the small and safe.

When you’re behind, however, safe is fatal. Even his counterpunching has gone miniature. Obama has successfully painted Romney as an out-of-touch, unfeeling plutocrat whose only interest is to cut taxes for the rich. Romney has complained in interviews that it’s not true. He has proposed cutting tax rates, while pledging that the share of the tax burden paid by the rich remains unchanged (by “broadening the base” as in the wildly successful, revenue-neutral Reagan-O’Neill tax reform of 1986).

But how many people know this? Where is the speech that hammers home precisely that point, advocates a reformed tax code that accelerates growth without letting the rich off the hook, and gives lie to the Obama demagoguery about dismantling the social safety net in order to enrich the rich?