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Bordering On Dishonesty: Mitt Romney On Bain, Barack And Jobs

America’s recovery from recession has been so slow that it mostly doesn’t seem like a recovery at all, especially on the jobs front. So, in a better world, President Obama would face a challenger offering a serious critique of his job-creation policies, and proposing a serious alternative.

Instead, he’ll almost surely face Mitt Romney.

Mr. Romney claims that Mr. Obama has been a job destroyer, while he was a job-creating businessman. For example, he told Fox News: “This is a president who lost more jobs during his tenure than any president since Hoover. This is two million jobs that he lost as president.” He went on to declare, of his time at the private equity firm Bain Capital, “I’m very happy in my former life; we helped create over 100,000 new jobs.”

But his claims about the Obama record border on dishonesty, and his claims about his own record are well across that border.

Start with the Obama record. It’s true that 1.9 million fewer Americans have jobs now than when Mr. Obama took office. But the president inherited an economy in free fall, and can’t be held responsible for job losses during his first few months, before any of his own policies had time to take effect. So how much of that Obama job loss took place in, say, the first half of 2009?

The answer is: more than all of it. The economy lost 3.1 million jobs between January 2009 and June 2009 and has since gained 1.2 million jobs. That’s not enough, but it’s nothing like Mr. Romney’s portrait of job destruction.

Incidentally, the previous administration’s claims of job growth always started not from Inauguration Day but from August 2003, when Bush-era employment hit its low point. By that standard, Mr. Obama could say that he has created 2.5 million jobs since February 2010.

So Mr. Romney’s claims about the Obama job record aren’t literally false, but they are deeply misleading. Still, the real fun comes when we look at what Mr. Romney says about himself. Where does that claim of creating 100,000 jobs come from?

Well, Glenn Kessler of The Washington Post got an answer from the Romney campaign. It’s the sum of job gains at three companies that Mr. Romney “helped to start or grow”: Staples, The Sports Authority and Domino’s.

Mr. Kessler immediately pointed out two problems with this tally. It’s “based on current employment figures, not the period when Romney worked at Bain,” and it “does not include job losses from other companies with which Bain Capital was involved.” Either problem, by itself, makes nonsense of the whole claim.

On the point about using current employment, consider Staples, which has more than twice as many stores now as it did back in 1999, when Mr. Romney left Bain. Can he claim credit for everything good that has happened to the company in the past 12 years? In particular, can he claim credit for the company’s successful shift from focusing on price to focusing on customer service (“That was easy”), which took place long after he had left the business world?

Then there’s the bit about looking only at Bain-connected companies that added jobs, ignoring those that reduced their work forces or went out of business. Hey, if pluses count but minuses don’t, everyone who spends a day playing the slot machines comes out way ahead!

In any case, it makes no sense to look at changes in one company’s work force and say that this measures job creation for America as a whole.

Suppose, for example, that your chain of office-supply stores gains market share at the expense of rivals. You employ more people; your rivals employ fewer. What’s the overall effect on U.S. employment? One thing’s for sure: it’s a lot less than the number of workers your company added.

Better yet, suppose that you expand in part not by beating your competitors, but by buying them. Now their employees are your employees. Have you created jobs?

The point is that Mr. Romney’s claims about being a job creator would be nonsense even if he were being honest about the numbers, which he isn’t.

At this point, some readers may ask whether it isn’t equally wrong to say that Mr. Romney destroyed jobs. Yes, it is. The real complaint about Mr. Romney and his colleagues isn’t that they destroyed jobs, but that they destroyed good jobs.

When the dust settled after the companies that Bain restructured were downsized — or, as happened all too often, went bankrupt — total U.S. employment was probably about the same as it would have been in any case. But the jobs that were lost paid more and had better benefits than the jobs that replaced them. Mr. Romney and those like him didn’t destroy jobs, but they did enrich themselves while helping to destroy the American middle class.

And that reality is, of course, what all the blather and misdirection about job-creating businessmen and job-destroying Democrats is meant to obscure.

 

By: Paul Krugman, Op-Ed Columnist, The New York Times, January 5, 2012

January 6, 2012 Posted by | Election 2012, Jobs | , , , , , , | 4 Comments

The Missing “Leveling Experience”: Dull Mitt Romney Needs A “Groping” Scandal

Republican front-runner Mitt Romney is so dull that  he could benefit from an eye-popping scandal because it would help tear  down his plastic image and make him look more normal, according to  national pollster John Zogby.

“This is the one instance  where a groping incident could help a candidate,” said Zogby, in a  reference to the scandal that torpedoed former GOP candidate Herman  Cain’s campaign.

He said it could be the missing “leveling  experience” for Romney that would make him look more human. Zogby  explained that many stiff, rich men have run for office and won, but  they typically had a humbling moment that made them more likeable. He  gave former President George W. Bush’s alcoholism as an example of that  leveling experience.

“His problem is an authenticity  problem,” said Zogby of Romney, who today released his New Hampshire  tracking poll that has Romney far in front. “He’s the kid who never  colored outside the lines,” said the pollster.

Zogby said  Romney needs to find a way to connect with an unethusiastic party that  wants to vote with its brain and heart. But, he warned, he shouldn’t try  to do that with a policy speech or new position. “Likability,” he said,  “is a lot more than an issue.”

He echoed charges from  competing campaigns and President   Obama’s advisor David Axelrod that Romney’s 25 percent finish in  the Iowa caucuses was an example of how he’s failed to expand his  personal base of voters from the amount he received in the 2008  caucuses.

Romney, Zogby said, spent “a lot of time, money  and energy to get where he was already.”

 

By: Paul Bedard, Washington Whispers, U. S. News and World Report, January 5, 2012

January 6, 2012 Posted by | Election 2012 | , , , , , , , | 1 Comment

The Champion Of The Already Powerful: Mitt Romney’s Brand Of Extremism

Mitt Romney’s close call at the Iowa caucuses Tuesday will doubtless contribute to speculation that he is too “moderate” to appeal to Republican primary voters. While Romney has a complicated relationship with his new party-line stances on social issues, I’d argue that his new positions and his Olympian flip flops that he had to make to get there are only part of his problem. Romney isn’t too moderate for Republican voters — at this time in our country he’s simply the wrong kind of extreme.

The 2012 election will ultimately be a referendum on the kind of economic policies Americans want — ones that work for working people or ones that are designed by and for a privileged few. The Bush-instigated recession has compounded the unprecedented disparity between the richest few Americans and the millions who are struggling just to get by. President Obama’s efforts to put Americans back to work have been met at every turn by a Republican Congress unwilling to stimulate the nation’s economy and stabilize the nation’s finances, inexplicably eager to give a tax hike to working families but unwilling to let Bush’s damaging tax cuts for the wealthy expire. All the Republican frontrunners are offering similar reprises of Bush’s disastrous economic policies. But only one comes across immediately and undeniably as an extreme corporatist.

Former Arkansas governor Mike Huckabee hit Romney’s extremism problem on the head when he said the candidate “looks like the guy who fired you.” Most didn’t get to see his face at the time, but Mitt Romney has plenty of experience firing people from a distance, sending thousands of jobs overseas while raking in fat paychecks at Bain Capital that continue today years after his retirement. No wonder he hasn’t been able to shake the image of himself as a corporate fat-cat: he doesn’t just want to give corporations and the wealthy major tax cuts, he openly states that he thinks “corporations are people.”

And Romney’s out-of-touch image and pro-corporate extremism aren’t just turn-offs to progressives. A poll by The Hill this fall found that “55 percent of conservatives and 81 percent of centrists” see income inequality in America as a problem. A BloombergWashington Post poll found that a majority of Republicans think the wealthiest Americans should pay more in taxes to help bring down the budget deficit. Corporate extremism at odds with the priorities of the base is the norm among the GOP presidential candidates — but only Romney embodies it.

Unfortunately, Romney’s near-miss with Santorum will help him frame himself a mainstream, electable candidate just conservative enough to make it through the Republican primary gauntlet. Santorum is the perfect foil: a right-wing ideologue so extreme he thinks states should be able to outlaw contraception, that homosexuality is akin to bestiality, that high obesity rates are an argument against food stamps, and that all married same-sex couples should have their unions annulled. But when it comes to policy, Romney’s positions on social issues are nearly indistinguishable from those of his crusading opponent. Romney has endorsed radical anti-choice “personhood amendments.” He rejects marriage equality and says he wouldn’t support a federal-level Employment Non-Discrimination Act. He opposes the DREAM Act. He’s even getting his legal policy advice from Robert Bork, a right-wing crusader so extreme the Senate wouldn’t confirm him to the Supreme Court.

Romney and Santorum would each be disastrous to America on both social and economic issues. But their near-tie in Iowa exposes a fault line that will be visible through the general election. So what’s the difference? While there is still a solid evangelical base that embraces the kind of social extremism offered by Santorum, American voters across the political spectrum are wary of the government-by-the-few embraced by the GOP and embodied by Romney.

Santorum is no less of an economic extremist than Romney, just as Romney is hardly less of a social extremist than Santorum. Every Republican candidate has called for trillions of dollars of tax breaks for corporations and the wealthy, for ending Medicare as we know it, and for a return to George W. Bush’s disastrous economic policies. But Romney — through his biography, demeanor and tin ear — has, with good reason, become personally associated with these policies that cater to the wealthy and privileged and ignore the middle class.

The 2012 election will come down to a very basic choice. Do we want a champion of the middle class in the White House or the champion of those who are already powerful? Do you want to hire the guy who fired you? Iowa Republicans this week started answering that question.

 

By: Michael B. Keegan, The Huffington Post, January 5, 2012

January 6, 2012 Posted by | Election 2012 | , , , , , , , | Leave a comment

I Love A Parade: The March Of The Non-Mitts

“This is the New Hampshire primary! This is a big deal! I can’t even believe I’m standing here!” cried Jon Huntsman, who yearns to be the Rick Santorum of New Hampshire. That’s what it’s come to. Do you think this is what Huntsman told himself when he quit his distinguished post as ambassador to China? (“Diplomacy is all well and good, but I believe I was meant for greater things. Like being the Rick Santorum of New Hampshire.”)

Santorum, of course, was the man of the hour when he sort-of-almost-nearly came in first in the Iowa caucuses on Tuesday. Actually, Mitt Romney won. (Eight Republicans can’t be wrong!) But Santorum has the momentum. His strategy of spending his entire life going from one Iowa Pizza Ranch to another paid off.

After campaigning only in New Hampshire, with 150 events in the bag, Huntsman hopes for a similar triumph. It’s the famous one-state strategy that worked so well in 2008 for Rudy Giuliani.

“I’d thought we’d never get here, but here we are!” he told an audience in the Peterborough town hall. Actually, getting to the Peterborough town hall is not all that remarkable. I have personally been there several times, but, of course, that is because I have a glamorous career in journalism, which allows me to have elite access to events like the one headlined: “Tom Ridge Introduces Jon Huntsman.” You may remember Ridge from his stint as chief of the Department of Homeland Security. He was the one with the yellow-orange-red terror colors.   Huntsman is incredibly buoyant, to the point of appearing to be just a little bit goofy. (“Last night in Dover I was met by a goat! The same goat that bit my kneecap when I was there three months ago!”) He has a large, attractive family, but large attractive families are a dime a dozen this year. Michele Bachmann had 23 foster children, and she’s already out of the race.

Jon Huntsman is the Republican that the White House most feared, possibly because the White House is full of Democrats. He is way behind in the New Hampshire polls, and he lacks the loony streak that primary voters seem to find so attractive this time around. Really, he is toast unless he does something remarkable over the next week. Not remarkable in the sense of making a good point in the next debate. Remarkable as in saving a baby from being run over by stopping a speeding car with one hand.

There are still plenty of other Republican options. After his fifth-place finish in Iowa, Rick Perry suspended his campaign but then tweeted, “Here we come, South Carolina.” This appeared to surprise some of his staff, who seemed to feel as if their long political nightmare had ended in Des Moines. But it turned out that Perry had jogged his way back into the race.

“I was out on the trail when it kind of came to me,” he said.

Quite a lot comes to the governor of Texas when he’s jogging. You will remember the coyote he killed with his laser-sighted Ruger. No word on whether a pistol was involved in this latest revelation.

Ron Paul is still in competition, as is Newt Gingrich, who appears to be running mainly on rancor, the candidate of the I Want to Eat Mitt’s Liver Party. And Rick Santorum, who continued the excitement of Iowa by flying into New Hampshire for a rally at a nursing home.

Mitt Romney himself was greeted in Manchester by a group of people cordoned off into half a high school auditorium. This helped disguise the crowd’s small size but not the fact that it appeared to be made up mainly of Ron Paul supporters, dragooned teenagers and refugees from Occupy Wall Street.   The highlight of the event was supposed to be an endorsement from John McCain, whose innermost thoughts we would love to be privy to. Or maybe not.

McCain’s old loathing of Romney has now been totally overshadowed by his hatred of President Obama. “You can’t hide from your record of making this country bankrupt, from destroying our national security and making this nation one that we have to restore with Mitt Romney as president of the United States of America!” McCain snarled into the mic. It was an endorsement, but not the feel-good moment we were sort of looking for. Fortunately, they did play the new Kid Rock theme song that implicitly compares Romney to a wild stallion.

Can’t wait to see what the Republicans do next. You have to admit they’re desperate. Rick Santorum. Geesh.

Did I ever mention that Romney once drove to Canada with the family Irish setter strapped to the roof of the car? The dog’s name was Seamus. New Hampshire Republicans, if you can’t think of anybody to vote for on Tuesday, consider writing in the name Seamus when you go to the polls. Maybe we can start a boomlet.

Makes as much sense as the Newt Gingrich moment.

 

By: Gail Collins, Op-Ed Columnist, The New York Times, January 4, 2012

January 6, 2012 Posted by | Election 2012, GOP Presidential Candidates | , , , , , , | Leave a comment

“What Happened In Iowa Won’t Stay In Iowa”: Super PACs Are A Dangerous New Weapon

The barrage of commercials tells the story: This is a presidential election without meaningful contribution limits or timely disclosure, outsourced to political action committees whose spending often dwarfs that of the candidates they support.

The PACs’ benign, intentionally uninformative names belie the brutal nature of their attack ads and the closeness of their relationships with the candidates, despite the requirement that they operate independently.

The leading example, in terms of financial firepower and ferocity of assault, is “Restore Our Future,” the Mitt Romney-supporting super PAC that has unleashed a $4 million barrage against Newt Gingrich. (It worked. Gingrich complained of being “Romney-boated,” a reference to the Swift boat attacks on John Kerry in 2004.)

The committee is run by Carl Forti, political director of Romney’s 2008 campaign. Its treasurer is Charles Spies, the Romney 2008 general counsel. Its fundraiser, Steve Roche, headed the Romney 2012 finance team until jumping to the super PAC last summer. And to underscore the flimsiness of the PAC’s supposed independence, Romney himself has spoken at “Restore Our Future” events.

Yet up-to-date information about who is bankrolling this effort will not be available until the end of January, by which point four states will have voted and Romney may have the nomination wrapped up.

The last time “Restore Our Future” disclosed its donors to the Federal Election Commission was six months ago, when it reported raising $12 million. The committee would have had to update the information by Jan. 15 but — as have several other super PACs — it managed to postpone that two more weeks by changing its filing status from quarterly to monthly.

Of course, “Restore Our Future” isn’t alone — nor is the super PAC a Republican phenomenon. Rick Perry supporters have formed the “Make Us Great Again” PAC. Gingrich has “Winning Our Future.”

In New Hampshire, the “Our Destiny” PAC backing Jon Huntsman, and reportedly funded by the candidate’s wealthy father, has a new ad calling on voters to “stop the chameleon.” (That would be Romney.) On the Democratic side, Bill Burton and Sean Sweeney, former aides to President Obama, launched “Priorities USA,” which has already aired anti-Romney ads.

The rise of these groups erodes the twin pillars of a functional campaign finance system: limits on the size of contributions and timely information about who is writing the checks.

“The establishment of the candidate-specific super PAC is a vehicle to completely destroy candidate contribution limits,” says Fred Wertheimer, president of the campaign finance reform group Democracy 21, which is releasing a report on the phenomenon. “It is a vehicle that will spread to Congress and it will lead us back to a system of pure legalized bribery, because you will be back, pre-Watergate, to unlimited contributions that are going for all practical purposes directly to candidates.”

Bonus points: The super PAC funds the dirty work of attack ads while the candidate gets to remain above the fray, not required to appear on camera to say that he or she approved this message.

“I view the super PAC as the evil twin of the candidate’s campaign committee,” Federal Election Commission member Ellen Weintraub told me.

The emergence of these entities is the unanticipated but logical outgrowth of the Supreme Court’s ruling in Citizens United v. FEC. The uproar over the opinion involved the justices giving the all-clear to unlimited corporate independent expenditures on behalf of candidates, and this is still a potential problem.

But as a practical matter, most publicly held corporations are squeamish about being associated with such direct advocacy. Instead, the real-world impact of Citizens United, in combination with lower-court rulings, was to usher in the era of the super PAC.

“By definition, an independent expenditure is political speech presented to the electorate that is not coordinated with a candidate,” Justice Anthony M. Kennedy wrote in the majority opinion, dismissing the notion that such spending could be corrosive.

Did he really mean to clear the path for independent expenditure committees backing a particular candidate — and bankrolled by the candidate’s father or run by his former top aides?

“How can it possibly be true that to give more than $2,500 to a candidate is potentially corrupting but to give millions to an outside group that is acting on the candidate’s behalf is not?” Weintraub asked.

Absent legislative intervention (unlikely) or regulatory action (even less likely), the super PAC is a dangerous new force in American politics. What happened in Iowa won’t stay in Iowa.

 

By: Ruth Marcus, Opinion Writer, The Washington Post, January 3, 2012

January 5, 2012 Posted by | Campaign Financing, Democracy, Election 2012 | , , , , , , | Leave a comment