Mitt Romney’s Money Problem
Mitt Romney is fast becoming the Scrooge McDuck of the 2012 presidential race.
In Disney’s version, McDuck is Donald Duck’s rich uncle, fond of diving into his money bin and swimming through his gold coins. Romney achieved much the same effect years ago when he posed with fellow Bain Capital executives for a photo showing paper money pouring from their pockets and mouths.
But as he stumps through New Hampshire en route to his probable victory Tuesday in the state’s GOP presidential primary, Romney’s riches are bringing him a wealth of trouble.
Speaking at a Chamber of Commerce event at a Radisson hotel here, he was discussing the value of shopping around for health insurance when he turned to the camera, and said, with perverse pleasure, “I like being able to fire people who provide services to me.”
Thus did the likely Republican nominee film, pro bono, one of President Obama’s first reelection ads.
If this weren’t enough evidence that Romney represented the Plutocrat Progress Party, the first questioner confirmed it.
“In this historic election, we need to convince the masses that our vision as conservatives benefits them,” she said. “So my question is: How will you as the nominee get the minds of America behind you?”
At least she didn’t say “unwashed masses.”
Romney didn’t show any concern that the woman had spoken aloud from the plutocrats’ playbook. “That is the question of my campaign, of course,” he said.
Of course.
The candidate, who last year told a group of unemployed Floridians that “I’m also unemployed,” worried aloud on Sunday that “there were a couple of times I wondered if I was going to get a pink slip” when he worked in the consulting business – an enterprise that helped build his personal wealth to as much as $250 million.
Perhaps realizing that the pink-slip pronouncement was problematic, the owner of multiple homes and horses asserted on Monday that “I started off, actually, at the entry level, coming out of graduate school.”
Newly minted MBAs from Romney’s Harvard can count on making well into the six figures in their “entry-level” jobs at consulting firms.
The entry-level explanation didn’t advance far with Romney’s rivals.
Rick Perry, whose net worth is rather south of Romney’s, responded while touring a restaurant in South Carolina: “Now, I have no doubt that Mitt Romney was worried about pink slips — whether he was going to have enough of them to hand out because his company, Bain Capital, with all the jobs that they killed, I’m sure he was worried that he’d run out of pink slips.”
And Newt Gingrich described Bain Capital as a “small group of rich people manipulating the lives of thousands of people and taking all the money.”
Gingrich, however, lives in a glass mansion on this one. He boasts about his $60,000-a-pop speeches and has taken to complaining about food-stamp recipients in his speeches here in New Hampshire.
By the time Romney arrived at his next event on Monday, he was clearly out of sorts. First, he mixed up his own offspring as he made the introductions: “My third son is Ben, who has been missing. He’s a doctor from Utah. He came in last night. Special applause.” After the applause, Romney revised: “What did I say? My third son is coming tonight. Ben is my fourth.”
Romney went on to attempt to explain the value of shopping around for health insurance – this time without mentioning the pleasure he gets from firing people. He likened it to auto insurance. “If you watch on TV, the little animal, little gecko? You see these guys competing hard for your business.”
In the audience, many of the 150 reporters looked at one another and smiled.
The candidate had already treated them to a wealth of blue-blooded phrases during the day, seasoning his speech to the Chamber of Commerce with phrases such as “net-net” and “if you’re in a C-corporation” and “get a pro forma together.”
Net-net, nothing says “common man” quite like “get a pro forma together.”
Romney was not done with his “firing” line, however. After his event, held in a metal fabricating plant, he returned to take questions from the unwashed masses of the news corps, including 35 TV cameras.
He said that his fondness for firing was limited to health-insurance providers, and that “people are going to take things out of context and make it something it is not.”
This from a man who recently released an ad appearing to show President Obama saying that “if we keep talking about the economy, we’re going to lose.” In fact, Obama, in the 2008 passage, was quoting an aide to John McCain.
And now Romney is complaining about being taken out of context? That’s rich.
By: Dana Milbank, Opinion Writer, The Washington Post, January 9, 2011
The “Up In The Air” Candidate: Mitt Romney’s “I Like Being Able to Fire People” Problem
There’s a scene in the movie Up in the Air in which George Clooney’s character, a corporate hatchet man who flies around the country firing people on behalf of his merger masters, turns to his eager young apprentice and explains why he’s able to avoid romantic entanglements:
“You know that moment when you look into somebody’s eyes and you can feel them staring into your soul and the whole world goes quiet just for a second?”
She answers, “Yes.”
And Clooney’s character, Ryan Bingham, replies with hollow certainty, “Right, well I don’t.”
Ladies and gentlemen, meet former Gov. Mitt Romney, the “Up in the Air” candidate. Romney’s Bain Capital was the living embodiment of the Up in the Air ethic: form an investment group, take over the businesses, and fire the workers to pay off the investors. The human wreckage that resulted was merely collateral damage.
On Monday, Mitt Romney strung together seven words that should never be connected by any candidate: “I like being able to fire people.” Romney was speaking about being able to fire people providing him services, but the quotation figures to haunt him long after its context has been forgotten.
That because of Romney’s long-term problem: the feeling among voters that in many cases, “I like being able to fire people” is exactly what he meant for the workaday folks at the companies Bain Capital picked clean.
As the New York Times put it in their editorial, “The Corporate Candidates,”
The problem with Mr. Romney’s pitch is the kind of businessman he was: specifically, a buyer of flailing companies who squeezed out the inefficiencies (often known as employees) and then sold or merged them for a hefty profit. More than a fifth of them later went bankrupt…This kind of leveraged capitalism…is one of the reasons for the growth in the income gap, tipping the wealth in the economy toward the people at the top.
One of these companies, as according to Reuters, was a steel mill in Kansas City that Bain took over in 1993 and went bankrupt in 2001, putting 750 people out of work. Reuters reports that Bain’s profits were $12 million on its $8 million initial investment and at least $4.5 million in consulting fees
Meanwhile, one of the people Bain helped put out of work,
Joe Soptic found a job as a school custodian. The $24,000 salary was roughly one-third of his former pay, and the health plan did not cover his wife, Ranae.
When Ranae started losing weight, “I tried to get her to the doctor and she wouldn’t go,” Soptic said. She ended up in the county hospital with pneumonia, where doctors discovered her advanced lung cancer. She died two weeks later.
Soptic was left with nearly $30,000 in medical bills. He drained a $12,000 savings account and the hospital wrote off the balance.
“I worked hard all my life and played by the rules, and they allowed this to happen,” Soptic said.
Gov. Rick Perry’s campaign has gleefully jumped on Romney’s “I like being able to fire people” stumble and turned it into a ringtone, since Perry’s towel-snapping days at A&M are never far behind him. Former House Speaker Newt Gingrich, bankrolled by (ironically) antilabor casino owner Sheldon Adelson, is running ads and infomercials in South Carolina hammering Romney over Bain. Copying Sen. Teddy Kennedy in ’94, Gingrich is relying on the laid-off workers to tell Romney’s story. And even former Gov. Jon Huntsman, the supposed nice guy in the campaign, told MSNBC’s Morning Joe on Tuesday that Romney has no “core”.
All of this is laying down an effective emotional narrative for the Obama re-election campaign. Voters, as any pollster can tell you, decide how they feel about a candidate and once they have there’s little you can do to change it. The question isn’t whether the Bain attacks have factual resonance, the question is whether they have emotional resonance.
Should Romney get the nomination—and odds are he will—the emotional belief that Mitt Romney is the empty, “Up in the Air” Candidate will be his undoing in November.
By: Laura Chapin, U. S. News and World Report, January 10, 2012
The Grating Santorum: A Student’s Worst Nightmare
Rick Santorum was locking down the youth vote.
The man who fondly recalls nuns rapping his knuckles with rulers did some verbal knuckle-rapping of his own on Thursday with students at a forum in Concord hosted by New England College.
Not satisfied with mentioning homosexuality in the same breath as bestiality and pedophilia, as he did in 2003, Santorum tried to win over the kids by equating homosexuality with polygamy.
Even for Santorum, it was a masterpiece of antediluvian abrasiveness — slapping gays and Mormons at the same time.
When 17-year-old Rhiannon Pyle, visiting with her civics class from Newburyport, Mass., pressed Santorum on how he could believe that all men are created equal and still object to two men in love marrying, he began nonsensically frothing.
“So if everybody has the right to be happy, so if you’re not happy unless you’re married to five other people, is that O.K.?” he said, adding, “Well, what about three men?”
The grating Santorum was their worst nightmare of a bad teacher. He merely got booed; he’s lucky the kids didn’t TP his car or soap the windows.
In a campaign where W. is an unmentionable, Santorum is an unexpected revival of Bushian uncompassionate conservatism.
He got more scattered boos on Friday at a library in Keene and a private high school in Dublin. In Keene, he was asked if he would protect gay rights, since gays are “children of God” too.
“Serving in the military is not an unalienable right, it’s a privilege, you’re selected,” replied the candidate, who wants to restore “don’t ask, don’t tell.” He also called marriage “a privilege, not a right,” for the purpose is procreation.
Rick Perry baits gays because it’s good politics; Santorum sincerely means it. His political philosophy is infused with his über-Catholicism but lacks humanity.
At the Dublin event, 16-year-old Jessica Scharf asked Santorum how her handicapped brother could be cared for without help from the federal government. He replied, as The Times’s Katharine Q. Seelye reported, that he and his wife “bear the cost” of a handicapped daughter; he said family, friends, neighbors and the church could help, and that caring for someone would knit them closer. Scharf told Seelye later that such a group was not equipped to handle her brother, who has multiple handicaps.
New Hampshire’s feisty voters don’t seem as enraptured with Santorum’s rigid conservatism and sweater vests as evangelical voters in Iowa were. Many are pushing back on the wacky worldview of Senator Slash, as Santorum was once known for his vicious attacks on Bill Clinton and other Democrats.
He bashes President Obama as a European-style socialist and preaches fiscal conservatism. Yet in the Senate, he made sure dollars from the socialistic Medicare program went to Puerto Rico on behalf of a hometown firm — United Health Services — that later gave him nearly $400,000 in director’s fees and stock options.
He was among the pay-for-play Republicans who tried to strong-arm lobbyists and say that if you wanted to have influence you had to cough up campaign money.
While Karen Santorum was home-schooling their seven children in Virginia, Santorum soaked the Pennsylvania taxpayers to the tune of $100,000 by enrolling the children in a Pennsylvania cyber charter school.
The preface to Mrs. Santorum’s 2003 book of moral parables teaching children good manners was written by Joe Paterno, who warns against “a decline of civility and a coarsening of society.” And he knows how that goes.
In his 2005 book, “It Takes a Family,” Santorum goes off on “radical feminists” poisoning society: “What happened in America so that mothers and fathers who leave their children in the care of someone else — or worse yet, home alone after school between three and six in the afternoon — find themselves more affirmed by society?”
In Iowa, he tossed out a line about food stamps that NPR reported this way: “I don’t want to make black people’s lives better by giving them somebody else’s money.” He later told CNN that he was “pretty confident” that he didn’t say “black.” The only alternative, watching the video clip, is that he said “blah.” He doesn’t want to make blah people’s lives better by giving them somebody else’s money?
Santorum’s hot politics of aggrievement have competed with Mitt Romney’s cold politics of convenience. But soon Santorum will be gone and Mittens will reign as the calculating consultant type, unpersuasive in premium denim mom jeans, his hair slicked and gray, a lead in a ’50s B movie.
Santorum thinks he’s a bold color and Romney’s a pastel. But the whole Republican field seems ensconced in a black-and-white ’50s diorama. It’s like they’re running for president of Leave It to Beaverland.
As Tony Soprano told Meadow, “Out there it’s the 1990s, but in this house, it’s 1954.”
By: Maureen Dowd, Op-Ed Columnist, The New York Times, January 7, 2012
New Year’s Resolutions: New Rules For The New Year
NEW YEAR’S resolutions are the original New Rules. Except that resolutions are usually self-oriented: I am going to lose weight this year. My New Year’s resolution, by the way, is to do the ones from ’75; I made a lot of good ones that year. I was 19, and thought I could polish them off by age 20. Alas, I’m a little behind.
Also, New Rules are bigger, broader and grander. I don’t tell you what I’m going to eat; I tell you how the world should work. Here’s what 2011 prompts me to decree for 2012:
New Rule Now that we have no money, and all our soldiers have come home from Iraq and they’ve all got experience building infrastructure, and no jobs … we must immediately solve all of our problems by declaring war on the United States.
New Rule If you were a Republican in 2011, and you liked Donald Trump, and then you liked Michele Bachmann, and then you liked Rick Perry, and then you liked Herman Cain, and then you liked Newt Gingrich … you can still hate Mitt Romney, but you can’t say it’s because he’s always changing his mind.
New Rule Starting next year, any politician caught in a scandal can’t go before the press, offer a lame excuse and then say, “Period. End of Story.” Here’s how you indicate a “period” and the end of a story: shut up.
New Rule The press must stop saying that each debate is “make or break” for Rick Perry and call them what they really are: “break.”
New Rule You can’t be against same-sex marriage and for Newt Gingrich. No man has ever loved another man as much as Newt Gingrich loves Newt Gingrich.
New Rule Internet headlines have to be more like newspaper headlines. That means they have to tell me something instead of just tricking me into clicking on them. If you write the headline, “She Wore That?” you have to go to your journalism school and give your degree back.
New Rule Let’s stop scheduling the presidential election in the same year as the Summer Olympics. I get so exhausted watching those robotic, emotionally stunted, artificial-looking creatures with no real lives striving to do the one thing they’re trained to do that I barely have energy left to watch the Olympics.
New Rule No more holiday-themed movies with a cast of thousands unless at least half of them get killed by a natural disaster. Fair’s fair — if I have to watch Katherine Heigl and Zac Efron as singles who can’t find love, I also get to see them swallowed up by the earth.
New Rule Jon Huntsman must get a sex change. The only way he’s going to get any press coverage is by turning into a white woman and disappearing.
New Rule Starting this year, every appliance doesn’t need a clock on it. My stove, my dishwasher, my microwave, my VCR — all have clocks on them. If I really cared that much about what time it was (or what year it was), would I still have a VCR?
By: Bi Maher, Author of “The New Rules”, New York Times Opinion, December 30, 2011
“Scaredy Cat’s”: Why Is No One Attacking Mitt Romney?
Mitt Romney’s confidence is brimming. The former Massachusetts governor, now widely seen as the favorite to win Iowa, announced Wednesday he’ll stay in the Hawkeye State the night of the caucus, a clear indication he anticipates a good result. If he does capture Iowa, he’ll head into New Hampshire, long his political stronghold, with a chance to become the first non-incumbent GOP presidential candidate ever to win the first two primary contests — a back-to-back triumph that would all but secure the nomination.
So, naturally, his Republican rivals have spent the last week castigating him on the trail and eviscerating him on TV, all in a desperate attempt to slow down his momentum and keep their own campaigns viable. Right? No — they’ve nearly done the opposite.
In a new radio ad released Wednesday, Texas Gov. Rick Perry set his sights not on Romney but on former Pennsylvania Sen. Rick Santorum, who is enjoying his own surge in Iowa. In the ad and on the campaign trail, Perry criticized Santorum’s previous support for earmarks, calling the ex-U.S. senator part of the big-spending Washington establishment. He does not, however, mention Romney.
It’s an old story this primary, where Romney has not faced the kind of withering attacks that normally confront a frontrunner. His rivals have trained their fire on one another instead.
Just examine the Iowa landscape this week as the campaigns make their last desperate push. Reps. Michele Bachmann and Ron Paul are at each other’s throats over the defection of the Minnesota congresswoman’s Iowa state chair.
Paul, meanwhile, has spent most of the last month barraging former House speaker Newt Gingrich with a litany of hard-hitting TV ads. Paul himself has received blistering criticism from Gingrich and Santorum, each of whom has said his isolationist-leaning foreign policy is unacceptable.
As they form a circular firing squad, Romney stepped back. Rather than engage his GOP opponents, as he’s done most of his campaign, he’s focused almost entirely on his No. 1 target, President Obama.
Romney has received cover from the primary’s unprecedented volatility (at least since 1964), which has sent a bushel of candidates to momentary stardom atop the Republican field only to be torn down weeks later. Attacks from rivals and media scrutiny have followed each of these momentary front-runners, who have risen and fallen through the fall, instead of Romney, as he plodded methodically along at 25 percent in most national polls.
And it’s not as though Romney, his past rooted in blue-state Massachusetts, didn’t supply his opponents plenty of ammunition. They have the bullets; they’re just not firing them.
By: Brian Snyder, The Atlantic, December 30, 2011
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