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“Weak, Weak, Weak”: Romney Doubling Down On Nonsense, Looking Silly And Trapped

Honest question: does anyone think Romney helped himself with this round of television interviews? This is more fact-finding than rhetorical. And the people whose opinions I’d be most curious to hear are those of Republican operatives — people who want the answer to be ‘yes’ but are politically sophisticated enough to know if it’s not.

The headline in the Times is “Romney Seeks Obama Apology for Bain Attacks”.

In the Journal “Romney Defends Bain Capital Tenure”.

This is ‘bitch slap’ politics played with a gusto and coldness seldom seen from Democrats, at least since the Bill Clinton days. Asking for an apology is losing. Saying you want something you clearly have no power to get is losing.

There’s a meta-politics Obama is playing by slashing at Romney with suggestions he might be a felon. He’s wounding Romney, who is clearly rattled and angry about the charges, but just as clearly can’t defend himself or strike back. As I’ve noted many times, a thick layer of presidential politics (in a way that’s distinct from US politics at really every other level) resides at the brainstem level of cogitation — with gambits to assert power and demonstrate dominance. Obama looked in control of this situation; Romney didn’t.

TPM Reader JL could barely contain himself …

Bitch slap politics at it’s finest.Step 1. Obama tells Romney to man up and take responsibility.

Coming soon …

Step 2. Romney whines that it’s beneath the office.

Step 3. BO Surrogates tell Mitt, you’re running for President for God’s sake. Don’t be such a girly man!!

I love it!! Are we sure Obama’s a Dem?

There’s another part of this equation: I’m not sure how many people watching this spectacle even remember that it’s nominally about whether Romney is responsible for outsourcing Bain did post-February 1999 or its investment in a company that serviced abortion clinics. I barely remember it myself. What’s driving this now is that the Obama camp has backed Romney into a position in which he looks ridiculous — something much more lethal for presidential candidates than most people appreciate.

Romney had absolutely nothing to do with Bain after 1999, no responsibility for anything it did, barely even knew what it did. Only he was the owner, the Chairman of the Board and the CEO. At least according to all the official documents, many of which he signed. Only he wasn’t any of those things, says Romney.

Partisans can be walked through the arguments of how this might be true, just as you could explain what John Kerry meant by saying he was for a bill before he voted against it. But it still makes no sense. And doubling down on nonsense makes you look silly and trapped. That’s especially dangerous for someone already saddled with a reputation for shifting his stories and positions to suit the moment.

This is and will remain a low single digit race. But the President’s team is making Romney look shifty and silly and weak. (I half expect them to start goosing surrogates to call him Slick Willard.) And they’re well on their way to defining him in a way that will be difficult to undo.

 

By: Josh Marshall, Editor and Publisher, Talking Points Memo, July 13, 2012

July 16, 2012 Posted by | Election 2012 | , , , , , , | Leave a comment

“The Reek Of Entitlement”: The GOP Only Represents The Super-Rich

“Too much money” sounds like an oxymoron, especially when applied to American politics. But in the last week, Republicans are beginning to learn that lots of money can have its downside. Thursday’s story that Romney may have actively directed Bain Capital three years longer than he claimed – a period in which Bain Capital-managed companies experienced bankruptcies and layoffs – caps what must be the worst weekly news cycle of any modern American presidential candidate. From images of corporate raiding, to luxury speedboats, to offshore accounts in the Cayman Islands, to mega-mansions in the Hamptons, this week’s stories suggest that the candidacy of Mitt Romney – poster-boy for the symbiotic relationship between big money and the modern Republican party – is in serious trouble.

Last weekend’s photos of the Romney clan on a luxury speedboat cruising around a lake in New Hampshire, where their multimillion-dollar compound sits, were startling in their tone-deafness. And just to make sure the sentiment wasn’t lost on anyone, at a campaign event the same week, Obama recounted childhood memories of touring the US with his grandmother by Greyhound bus, even the thrill of staying at a Howard Johnson motel. In a smart political calculation, the Obamas chose to forgo their annual summer vacation in Cape Cod (a nice upper-middle class vacation spot, mind you, but nowhere near the same league as the Romney estate). Instead, Obama was photographed visiting a senior citizens’ home in the battleground state of Ohio.

And the hits kept coming. Next, Vanity Fair published an article listing the Romneys’ various offshore investment accounts worth potentially hundreds of millions of dollars in the secretive tax havens of Cayman Islands and Bermuda, as well as a since-closed Swiss bank account. Democrats stoked the predictable outrage from the revelations. On the Sunday ABC news program “This Week”, Maryland Governor Martin O’Malley thundered:

“Mitt Romney bets against America. He bet against America when he put his money in Swiss bank accounts and tax havens and shelters.”

On the same program, Bobbie Jindal, Republican governor of Louisiana, could only lamely respond:

“In terms of Governor Romney’s financial success, I’m happy that he’s a successful businessman.”

While there is no evidence that the Romneys illegally evaded taxes through their various offshore accounts (their secretiveness making it impossible to tell), the reek of entitlement became overwhelming when it was revealed that the Romneys had accumulated somewhere between $20m and $101m in an “IRA”, a tax-advantaged retirement account designed for middle-class savers, limited to a few thousand dollars a year contribution. As one commenter parried, “I may be stupid, but I ain’t no fool.” In other words, we might be too stupid to understand how Romney was able to obtain all these tax breaks legally, but we aren’t fooled about unfairness of it all.

Well, at this point, you might think that the next sighting of Romney would be of him clothed in ash-cloth ladling out soup at an inner-city soup kitchen. But no. Next, we were regaled with the New York Times story of a lavish fundraiser in the Hamptons hosted by the infamous David Koch, the billionaire benefactor of conservative causes. The optics were worse than bad, as the Times recounted how one woman in a Range Rover, idling in a 30-deep line of cars waiting for entry, yelled to a Romney aide, “Is there a VIP entrance? We are VIP.”

Romney was expected to haul in several million dollars from his trip to wine and dine with the billionaires of the Hamptons. But why risk confirming the very message that Democrats have been hammering upon: that Romney is a super-wealthy elitist whose objective is to further the interests of the 0.01%?

Certainly, billionaires for Romney would have given him those millions without the face-time and the photo-ops, the chance to dress up and be seen. And to be heckled by Occupy Wall Street protesters and parodied by reporters. What is so very puzzling about the whole episode is the sheer in-your-face-ness of it.

Yet, perhaps that is the point. As a very perceptive article in the New York Magazine, Lisa Miller describes how new psychological research indicates that wealth erodes empathy with others. In the “Money-Empathy Gap”, Miller cites one researcher who says that:

“The rich are way more likely to prioritize their own self-interests above the interests of other people. It makes them more likely to exhibit characteristics that we would stereotypically associate with, say, assholes.”

Researchers found a consistent correlation between higher income, management responsibility and disagreeableness. One researcher interpreted her findings to imply that money makes people disinterested in the welfare of others. “It’s not a bad analogy to think of them as a little autistic” says Kathleen Vos, a professor at the University of Minnesota.

If this research is accurate (as it seems to be, replicated in various ways by several researches), the synergies between it, the increasing concentration of wealth and the Citizens United ruling, have striking implications for the future of the Republican party. As Newt Gingrich, the uber-southern politician, plaintively explained how he lost the Republican primary: “Romney had 16 billionaires. I had only one.” The domination by the super-wealthy means that Republicans not only have no interest in the welfare of the rest of the 99.9%, they have no understanding of why this is a problem. The noblesse oblige days of the old money, such as the Bushes, the Kennedys and the Roosevelts are long gone, replaced by the new mega-money of hedge funds, corporate raiders and global industrialists.

How else can one explain the allegiance of the Republican party to the profoundly unpopular Ryan tax plan, which would eviscerate Medicare and Medicaid while delivering more tax cuts to the rich? What is the future of a party in a democracy when the powers-that-be can no longer even understand, much less address, the welfare of the vast majority of its citizens?

Taking the hint, the Obama administration is finally positioning itself firmly on the side of progressives, attacking income inequality and holding Republicans accountable for their assaults on the middle and working classes. How ironic it would be if, after all, the other side’s big money is the answer to the Democrats’ prayers.

 

By: Robin Wells, The Guardian, July 12, 2012

July 15, 2012 Posted by | Election 2012 | , , , , , , , , | Leave a comment

“Another Lurch Downward”: Romney Thinks He’s Above The Level Of Accountability Required Of A Presidential Candidate

The gist of his big media interviews today is explained thus:

Mitt Romney on Friday night demanded an apology from President Obama for making what he called “reckless” and “absurd” allegations about his record while repeating his insistence that he left Bain Capital in 1999 to run the Olympics.

He then attacked the president personally:

“What kind of a president would have a campaign that says something like that about the nominee of another party?” Mr. Romney asked during a brief interview with CBS News. Earlier, on CNN, Mr. Romney called the accusation of criminal behavior — which came on Thursday from Mr. Obama’s deputy campaign manager — “disgusting” and “demeaning” and said it was destructive to the political process.

“It’s something that I think the president should take responsibility for and stop it,” Mr. Romney said.

This is another lurch downward for Romney in this cycle, I’d say. For a simple reason. We have documentary proof that Romney told the SEC he was CEO of Bain through 2002, and that he drew a salary of more than $100,000 for doing that job. So was he telling the truth on television today when he insisted that “I left any responsibility whatsoever, any effort, any involvement whatsoever in the management of Bain Capital after February of 1999” – or when the company he solely owned filed with the SEC, and when Bain itself called him the CEO in July 1999, and when he testified under oath in 2002 that he was involved in many business and board meetings of Bain companies in the period in question?

To put it more succinctly: how does this statement

[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth… [I] remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation [all Bain companies]

and this excerpt from a press release from Bain in July 1999:

Bain Capital CEO W. Mitt Romney, currently on a part-time leave of absence to head the Salt Lake City Olympic Committee for the 2002 Games said …

jibe with this one today:

“I left any responsibility whatsoever, any effort, any involvement whatsoever in the management of Bain Capital after February of 1999 … I went on to run the Olympics for three years I was there full time after that I came back and ran in Massachusetts for governor. I had no role with regards to Bain Capital after February 1999.

and this recent statement from Bain itself, declaring Romney had:

“absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies.”

My italics. He had “no role with regards to” Bain Capital after February 1999 (a very broad statement) – except for being the CEO, and repeatedly returning to Massachusetts for board meetings of Bain-owned companies, which he “attended by telephone if I could not return”.

A false SEC filing is a serious offense; to say so is not disgusting. So is potential perjury in 2002 when Romney detailed his continued involvement in Bain-owned enterprises in the period he retained the CEO title and now says he had nothing whatsoever to do with Bain. The SEC filing rules apply to everyone – except, it seems, to Romney, and his well-paid legal and accounting team. They may have so internalized this immunity from any accountability that Romney may indeed genuinely feel disgusted by being called to follow the normal rules, or called out on logical inconsistencies.

I’m getting the feeling that Romney thinks he is above the level of accountability required in a presidential candidate or even in an average ethical businessman. He seems genuinely offended to be directly challenged with facts – which he still won’t address or rebut in detail. So he simply huffs and puffs and uses words like “disgusting” for a perfectly valid charge in the big boy world of presidential politics.

This does not seem to me to be like a candidate ready for prime time.

 

By: Andrew Sullivan, The Daily Beast, July 13, 2012

July 14, 2012 Posted by | Election 2012 | , , , , , , , | Leave a comment

“In A Pretty Pickle”: I Did Not Have Economic Relations With That Company

There’s something weird about Bain Capital. It seems that the company was going along doing what ordinary private-equity firms do—buying and selling companies, making lots of money—until about 1999 or so, when things took a sinister turn. At that point, terrible things began to happen. The firms they backed went into bankruptcy, costing thousands of people their jobs, while Bain still walked away with millions in management fees. They invested in companies that profited from outsourcing and offshoring. Who knows, they may have been producing magical hair-thickening elixirs made from the tears of orphans. Every time one of these new revelations comes out, it seems to concern the period after 1999. But fortunately for Mitt Romney, he has an explanation: When all these bad things happened, I was no longer part of the firm. I left in 1999, when I took the job leading the Salt Lake City Olympics.

Yet today, the Boston Globe comes out with an investigation that seems to reveal that Romney was still in charge after he left for Salt Lake:

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

It doesn’t seem too hard to believe that while Romney was in Salt Lake, he also continued to be involved in the major decisions at Bain—even if he wasn’t available to pitch for the company softball team. The problem now is that he’s spent a lot of time denying that he had anything at all to do with the firm after February 1999. He and Bain say he “retired” from Bain at that point, which is directly contradicted by the SEC filings. I’m guessing the truth is somewhere south of his denials—he may not have been “running” the firm, but he was still involved at some level. But if he were to admit that, then he’d have to answer specific questions about his knowledge of the steel mill that went bankrupt, the outsourcing companies, and so on. And there is nothing in the world Mitt Romney wants to do less than have to answer specific questions about Bain and what he did there.

In a way, this all reminds me of some of what we learned about Bill Clinton during the Monica Lewinsky scandal. One of the details that came out was that he was adamant that he and Monica did not have intercourse during their affair, apparently because that meant that he could convince himself that he wasn’t really cheating on his wife and say with sincerity that he “did not have sexual relations” with her when he eventually got caught. All of this wrangling over when exactly Romney “left” Bain Capital has some of the same flavor.

 

By: Paul Waldman, Contributing Editor, The American Prospect, July 12, 2012

July 13, 2012 Posted by | Election 2012 | , , , , , , , | Leave a comment

“A No Show At A Mob Front”: Mitt Romney’s Unnecessary Lie

If you’re planning on running for president, here are a few quick things you should probably do:

  • Make sure your tax returns and finances are in order
  • Make sure you’re not blatantly lying about some major portion of your biography.

Mitt Romney seems to have decided to do neither, I guess because he thought no one would check? Maybe Romney should have taken his fortune out of the various offshore tax havens where he stores it before he decided to run for president, because the thing is every presidential candidate is going to be prodded to release his tax returns and financial information. If you don’t want to be criticized for a Swiss bank account and a mysterious $102 million IRA, either don’t run for president or don’t have those things!

But much, much more important than not looking like a shady tax-dodger is “not telling a fairly easily disprovable lie.” Like “I quit Bain Capital in 1999,” a thing Mitt Romney says all the time when he wants to respond to criticism of various awful things Bain Capital has done since 1999. Except the Boston Globe (and Mother Jones and TPM) have now reported that Romney continued to be Bain Capital’s “sole stockholder, chairman of the board, chief executive officer, and president” until a couple years after 1999. Romney was drawing at least $100,000 a year from Bain Capital and was still listed as the guy in charge on SEC documents and financial disclosures through 2002.

What’s worse is that his resigned in February 1999 line was even apparently contradicted by multiple contemporary news accounts, with two from August of 2001 saying Romney had just or was about to quit Bain. The New Yorker’s Andrew Prokop says, “It seems clear there was a period 1999-2001 where Romney was retaining the CEO job because he thought he might return to it after Olympics,” which flatly contradicts Romney and Bain’s statements. Romney’s best defense, as Andrew Sullivan points out, is that he was drawing a massive salary for doing nothing — like a “no-show” at a mob front.

The only reason Romney wanted everyone to think he quit Bain completely in 1999 to begin with was in order to avoid being accused of being responsible for “outsourcing.” Now, I am 100 percent positive that Romney, as a rich conservative former financial professional, does not consider outsourcing a bad thing. He almost definitely considers it a net positive for the American (and world) economy. The fact is, most elected Democrats support policies that encourage outsourcing — on this there is basically universal consensus among the political and economic elite. Romney — and plenty of others! — believe that companies like Bain Capital perform a public good, even though to some it just looks like parasitic capitalism at its worst. But: Outsourcing and closing down factories and slashing wages and busting unions and laying people off are all things Mitt Romney supports on a philosophical level, and I’m sure it’s galling to him that he has now been caught in a lie designed to cover up actions he feels were totally right and beneficial for the nation as a whole.

How much will it hurt him, that everyone now knows he is a liar? I am guessing “Swiss bank account” actually “hurts” him more, because the Romney campaign was smart enough to call Obama a liar at the exact same time as the national media was getting ready to call him a liar, and for your average person, that just sounds like two politicians saying mean things about each other.

 

By: Alex Pareene, Salon, July 12, 2012

July 13, 2012 Posted by | Election 2012 | , , , , , , , , | Leave a comment

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